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Jobs Market Convalescence Could Take a Long Time
By Joseph Schuman - AOL NewsThe U.S. jobs market may finally be on the verge of an actual recovery, but expect it to come back with a whimper rather than a bang. The Labor Department today said the number of people who filed for unemployment insurance last week was just 368,000. That's the lowest number of weekly jobless claims reported by the government since May 2008, before the full force of the financial crisis slammed into the American economy, and it marks a drop of 20,000 from the previous week's total. Chris Hondros, Getty Images An unemployed man looks over job listings on a board at a New York ...
Stubborn Joblessness Among Vets Darkens US Economy
By Joseph Schuman - AOL NewsDespite the acceleration of U.S. economic growth, the painful grip of unemployment still isn't loosening and remains especially tough for veterans of the wars in Iraq and Afghanistan. The Labor Department today announced what many in the news media were heralding as good news: First-time claims for unemployment insurance last week fell to a seasonally adjusted 388,000, down 34,000 from the previous week's revised figure of 422,000 and the lowest level since July 2008. John Moore, Getty Images A U.S. Army soldier waits to meet with a potential employer at a September job fair in ...
Jobless Claims Fall to Lowest Level in Two Years
By not in system - AOL News(Nov. 24) -- Initial jobless claims fell to the lowest level since July 2008 last week, dropping 34,000 to 407,000 in the week ending Nov. 20, the Department of Labor said Wednesday. The figures were sharply lower than economists' forecast of 435,000. Employers are slowly adding workers as the economy recovers and retailers are taking on temporary staff as they gear up for holiday season. ...
Ignore Your Inner Cynic and Vote on Tuesday
By Donna Trussell - Politics Daily"Tribute to Her," uploaded to the Internet on Nov. 7, 2008, is a slideshow of Election Day photographs. YouTube member SailorBrownie described her post as a "dedication to all those Black Americans who went out on Tuesday and voted. We made history." While it's not altogether clear who is the "Her" in the title of the video, it might as well be the woman collapsed on the floor in tears. A girl nearby touches her cheek with a little confusion and a lot tenderness for the woman who is, most likely, her mother. The pictures are set to the Beatles song, "Blackbird" -- a good choice, considering ...
David Brooks Says Unemployed Care More About Values Than Jobs
By Paul Wachter - AOL News(Oct. 29) -- The latest economic growth numbers aren't good: The economy grew just 2 percent in the third quarter, the Commerce Department reported today. It's a "slight uptick" from the previous quarter, reports The New York Times, but not enough to put a dent in the country's 9.6 percent unemployment rate. "The economy needs to produce 130,000 to 150,000 jobs a month just to keep pace with population growth, a number it has not hit in many months," the Times continues. You would think jobs would be the primary concern of the large number of unemployed, but not so, says The New York ...
Opinion: For Obama, Is It 1982 All Over Again?
By Jane Hampton Cook - AOL News(Oct. 8) -- "The polls are maddening. The public still thinks he's a nice guy but regards his economics as the pits," The Washington Post reported Oct. 7 of the souring public opinion of the president at the midterms. The year? 2010? 1994? No. Try 1982. The Post story continued its assessment of President Ronald Reagan's midterm madness. RELATEDObama Wins Either Way by Andrew MalcolmFive Lessons for Obama From 1994 by John MerlineObama Can Win If Democrats Lose by Barry Weintraub "....candidates who six months ago would have killed to be photographed with him began sending back messages, ...
Candidates Debate: How Can We Get Back to Creating Jobs?
By John Merline - AOL News(Oct. 7) -- A year and a half after the recession has officially ended, unemployment nationwide remains at 9.6 percent. In more than a dozen states, the jobless rate is 10 percent or higher. AOL News reached out to opposing candidates in nearly a dozen House and Senate races in three of the hardest-hit states -- Nevada (14.4 percent unemployed); Michigan (13.1 percent unemployed) and California (12.4 percent unemployed) -- to get their views on how to restart the nation's jobs engine. Not all of those we invited agreed to write. Below are links to the op-eds we received. Nevada Earlier this ...
Jobless Claims Fall to Two-Month Low
By not in system - AOL News(Sept. 16) -- Initial jobless claims fell to a two-month low of 450,000, confounding analyst expectations. Jobless claims dipped 3,000 in the week ending Sept. 11, the Department of Labor said. The revised figure for the previous week was 453,000. Analysts polled by Reuters forecast claims rising to 460,000. ...
Unemployment Rate Rises Slightly as More Resume Job Search
By Tom Diemer - Politics DailyThe jobless rate increased by a tiny tick in August even though the private sector grew by 67,000 new jobs. President Obama called the growth "positive news," though "not nearly good enough." The Labor Department said the jobless rate was virtually unchanged, rising from 9.5 percent, where it's been stuck since June, to 9.6 percent, in part because more temporary Census positions vanished and half a million "discouraged workers" resumed job searches. When the unemployed stop looking, they're removed from the jobless rolls. The number of unemployed, 14.9 million, was "little changed" from ...
5 Hard Lessons of the Dismal Joblessness Report
By not in system - AOL News(Aug. 20) -- Jobless benefits claims jumped to 500,000 -- an increase of 12,000 in one week, the highest since November 2009 -- worrying economists and journalists that the U.S. job market may be worsening. Forecasters had expected the number of claims to drop rather than continue to increase. Here's what we can learn from the bad news. All of 2010 Will Be Bad for Jobs: The Business Insider's Vincent Fernando observes, "Whereas before jobless claims were merely 'stubbornly high,' and not declining meaningfully, now they've clearly gotten worse. ... What this means is that even if things start ...
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