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Vexed by Joblessness, Fed Sticks to Cheap-Money Plans
By Joseph Schuman - AOL NewsFor all the knotty financial, psychological and political factors complicating the Federal Reserve's effort to get the economy back on track, one persistent and simple truth in its monetary policy statement today says it all: "Employers remain reluctant to add to payrolls." The United States just isn't putting back to work the millions of Americans who lost their jobs during and since the 2008-09 recession. And "the disappointingly slow" progress toward the Fed's objective almost seems to mock the central banks' long-running and continuing promise to keep its benchmark costs for borrowed ...
Joblessness Persists as Obama's Biggest Challenge
By Joseph Schuman - AOL NewsThe unrelenting and epidemic unemployment that defied official efforts to fight it in 2010 now looms as the biggest problem confronting the Obama administration in 2011. A deceptively significant drop in the December unemployment rate that made headlines this morning is at odds with the more distressing picture of the many millions of Americans who can't find work that is painted in the employment and payroll report released today by the Labor Department. And though American businesses added 103,000 people to their payrolls last month, that pace of hiring remained at a level too weak to ...
Unemployment Rate Falls to 19-Month Low of 9.4 Percent
By not in system - AOL NewsThe nation's unemployment rate dropped to 9.4 percent last month, its lowest level in 19 months. That was because more people found jobs, but also because some people gave up on their job searches. ...
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 ...
Seven Questions for 2010 (and Beyond)
By Judy Howard Ellis - Politics DailyI intend to toast the end of this decade with gratitude and a kiss, but a gleam is in my eye for 2010 and beyond. Will we learn from our heroines, heroes, villains and failures? At the start of a new decade, and at the end of a tragic, chaotic and glorious one, life has repositioned us for change. Will we make the most of it?My "wishes" for the years to come are framed as questions laced with hope:1. Will we demand a solid education for every American child? I've talked to kids who attend private and public, suburban and urban schools and have been grieved by gaps in their training. The good ...
A 'Star Trek' for the Recession
By Judy Howard Ellis - Politics DailyGene Roddenberry's "Star Trek" television series foresaw much of today's technology. Before you held your cellphone, underwent non-invasive surgery, or used a GPS in your car, technologies like these were used on the series. But can the franchise have meaning during the Great Recession? One can only hope. I wrote in May about what newspapers can learn from "Star Trek" because insight often wades in the waters of creative drama. Well, I couldn't resist talking about the franchise again because CBS and Mad Science Group recently announced that in 2010 they will present "Star Trek Live" shows ...
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