unemployment

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US Poverty Rate Still at Record Highs

But figures still better than analysts' predictions

(Newser) - The Census Bureau says the number of Americans in poverty stood at 15% in 2011 as the number of poor remained at record highs. About 46.2 million people, or nearly 1 in 6, were in poverty. The figures were better than the expectations of analysts who had predicted an...

Mitt Romney: Jobs Report Is Post-Party 'Hangover'

Will it affect the election? Analysts offer mixed reactions

(Newser) - Mitt Romney is pouncing on today's jobs report , which found lowered unemployment but fewer jobs created than were expected. "If last night was the party, this morning is the hangover. For every net new job created, nearly four Americans gave up looking for work entirely," Romney says...

Unemployment Falls to 8.1%, But...

...just 96K jobs added, which the 'WSJ' calls 'terrible'

(Newser) - The unemployment rate dropped to 8.1% last month, but just 96,000 jobs were added—a number well below expectations , and one that the Wall Street Journal calls "terrible." (It also, somewhat amusingly, says it's time to "cue the sad trombone" and urges you to...

On Eve of Jobs Report, a Shiny Number

ADP says private sector added 201K jobs in August, but it's been wrong before...

(Newser) - Teams Obama and Romney will likely be biting their nails come 8:29am tomorrow, as the first of the three remaining pre-election jobs reports are issued. With less than 24 hours to go, some hints of what may come:
  • In what the AP calls an "encouraging sign," a
...

Week's Top Political Story Comes After Convention

Friday's jobs report could be a big talker

(Newser) - Despite all the pageantry in Charlotte, Robert Reich says the week's biggest political story will arrive after all the balloons have popped: That would be Friday's jobs report, the first of three remaining before the election, he writes at the Christian Science Monitor . Even though it's just...

'War on Women'? Yes, But Democrats Are Waging It

Meghan Clyne: Women are not 'reducible to ovaries'

(Newser) - Democrats accuse the GOP of waging a "war on women," but really it's the Dems who demean women and limit their opportunities, writes Meghan Clyne at The Weekly Standard . The liberal argument—that opposing abortion and federally funded contraception is "anti-woman"—makes women "reducible...

European Unemployment at Record 11.3%

Ranks of jobless swell to 18M

(Newser) - You think America's 8.3% unemployment rate is bad? Try living in the eurozone. The 17-country bloc saw 88,000 more people join the ranks of the jobless in July, meaning its unemployment rate held steady at its record high of 11.3% and bringing the total number of...

Bank Fires Worker Over Minor Offense 49 Years Ago

Wells Fargo cans 68-year-old over use of phony dime in laundromat

(Newser) - In the past year and a half, the federal government enforced tough new rules against banks and mortgage-lenders, designed to eliminate executives and mid-level employees with prior convictions for serious offenses such as fraud. But the banks, eager to avoid the $1-million-a-day fines, are firing even low-level workers over minor...

'Economic Suicides' Soaring in Europe

Tragic suicide notes grip public

(Newser) - Tough times are taking a heavy toll on the mental health of Europeans. The last few years have seen thousands of what media outlets have labeled "economic suicides" among unemployed or fearful workers in Greece, Italy, Ireland, and elsewhere, finds the Washington Post . Researchers have found that other signs...

Unemployment Rises to 8.3%
 Unemployment Rises to 8.3% 
Aug 3, 2012 7:46 AM CDT

Unemployment Rises to 8.3%

Economy added 163K jobs in July

(Newser) - The good news: The economy added 163,000 jobs last month, which the AP calls a "hopeful sign" considering how slow the past three months of hiring have been. That makes July the best month of hiring since February. But in adding an average of 151,000 jobs a...

Muddled GOP Demands '6% Employment'

Democrats gloat over pair of typos

(Newser) - House Republicans won't stand for any new regulations until the employment rate drops to 6%, thus putting unemployment at 94%. At least that's what a typo in a new bill suggested—they meant unemployment, the Hill reports. Democrats spotted the error, and the bill's sponsors rushed to...

Canned Obese Employee Sues, Gets $55K

680-pound Ronald Kratz II says he was fired for being fat

(Newser) - When 680-pound Ronald Kratz II got fired from his job, he was pretty sure it was for being too fat. Now his old company is giving him $55,000 and six months of outplacement services in a legal settlement, reports the Houston Chronicle . With the help of the US Equal...

Obama Plans 'Reverse Boot Camp' for Vets

New program looks to reduce high unemployment some vets face

(Newser) - The Transition Assistance Program for US service members leaving the military is getting an overhaul, expanding into what President Obama is calling a "reverse boot camp" for veterans, reports NBC News . TAP's three-day workshop will be expanded to five or seven, with more sessions on career options and...

US Poverty Rate to Hit Highest Since 1960s

Economists think it'll hit 15.7% this year

(Newser) - The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net. The AP surveyed more than a dozen economists, think tanks, and academics,...

Bernanke Predicts 7% Unemployment in 2014

Dour Fed gives no clue as to quantitative easing plans

(Newser) - Ben Bernanke sounded a dour note in his testimony before Congress today, predicting slow growth and stubbornly high unemployment, with no hint that the Fed intended to do anything about it. "The US economy has continued to recover, but economic activity appears to have decelerated somewhat," he said,...

Meet &#39;Generation Screwed&#39;
 Meet 'Generation Screwed' 
OPINION
Jul 16, 2012 1:56 PM CDT

Meet 'Generation Screwed'

Past generations have made things hard for millennials: Joel Kotkin

(Newser) - Today's youth is known as the Millennial Generation, but they may as well be called Generation Screwed. In the Daily Beast , Joel Kotkin runs down depressing statistic after depressing statistic showing that "their parents' fiscal profligacy and economic mismanagement" has doomed young people:
  • The median net worth of
...

More US Firms Not Hiring— Thanks to Europe?

Just 23% of firms plan hiring in next 6 months, down from 39% in April

(Newser) - US firms are getting nervous about the transatlantic effects of Europe's debt crisis—and fewer of them foresee hiring anytime soon. In early April, 39% of US companies polled planned to hire sometime within the next six months; by June that figure was down to 23%, the National Association...

80% of New Jobs Since 2009 Have Gone to Men

More men moving into retail sector

(Newser) - Men were hit hardest by job losses during the recession, but they have been way ahead of women in landing newly created jobs since the downturn officially ended in June 2009, the Los Angeles Times finds. Some 80% of the 2.9 million jobs created over the last three years...

America's New Jobless: Glut of Science PhDs

Science jobs declining as PhDs surging

(Newser) - President Obama, like a lot of politicians and pundits, likes to say that America's future lies with science, advocating for more young people to go into research. But the truth is that the supply of PhDs has been vastly outpacing the job market for years, resulting in a glut,...

Obama, Romney Trade Fire on Jobs Report

It's a 'kick in the gut' or a 'step in the right direction'

(Newser) - It's the first Friday of the month, which means President Obama and Mitt Romney are trading accusations about a weak jobs report :
  • Obama: The jobs growth may be tepid, but "it's a step in the right direction," he said in Ohio. "It's still tough
...

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