unemployment

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Wages of Young Workers Declining

They're down over the last decade, in contrast to overall numbers

(Newser) - The group getting hit the hardest by plummeting wages caused by high unemployment is the young. The hourly pay for male college graduates ages 23 to 29 fell 11% over the past decade to $21.68 while their female counterparts saw a dip of 7.6% to $18.80, reports...

Congress Strikes Payroll Tax Deal

Pension, health care issues final sticking points

(Newser) - Congressional negotiators have reached a deal on a $150 billion economic bill that will extend the payroll tax holiday through the end of the year, while also extending unemployment benefits and preventing an automatic cut in doctors' Medicare reimbursements. Congress could vote on the bill as soon as today, the...

Which Path for Obama— Reagan or Bush the Elder?

Economy could propel him to re-election, or doom him

(Newser) - The better-than-expected jobs report yesterday lifts President Obama's chances of re-election, but the Wall Street Journal points out that he's going to need more good news if history is any guide. It could go one of two ways, a la Ronald Reagan or George HW Bush. At the...

In Surprise, Unemployment Falls to 8.3%

243K jobs were added in January: jobs report

(Newser) - The unemployment rate had been expected to hold steady at 8.5%, with just 125,000 jobs added—instead, unemployment fell to 8.3% and 243,000 jobs were added last month, according to January's better-than-expected jobs report. The report has Wall Street Journal bloggers particularly effusive: "America'...

Why Obama&#39;s Not Inevitable
 Why Obama's 
 Not Inevitable 
Analysis
Feb 2, 2012 12:59 PM CST

Why Obama's Not Inevitable

There are plenty of reasons the president should be worried

(Newser) - Democrats, and many pundits, seem to believe that President Obama is rebounding, and will surely win re-election, but Jim Vandehei of Politico isn't buying it. Here's why he thinks the president should be sweating right now:
  • The economy: The recent CBO report not only projected another trillion-dollar deficit,
...

Average Isn&#39;t Good Enough Anymore in America
Average Isn't Good Enough Anymore in America
Thomas Friedman
Jan 25, 2012 12:57 PM CST

Average Isn't Good Enough Anymore in America

Globalization, technology have pushed out the average guy

(Newser) - Once upon a time, an average worker with average skills could expect an average lifestyle in America—but not anymore. "Today, average is officially over," writes Thomas Friedman of the New York Times . Average people can't expect the lifestyle they used to enjoy, because "employers have...

Romney Slipped Broke Woman Cash

God 'told me to pray for Romney,' says South Carolina woman

(Newser) - Corporations might be people, but Mitt Romney is more like an ATM these days: At a rally in South Carolina, the GOP candidate responded to an unemployed woman's tale of woe by opening his wallet and forking over what aides say was $50 or $60. The Washington Post notes...

Despite Recession, More Older Americans Employed

In part because they have to be

(Newser) - The good news is that at least one segment of the population has seen its employment statistics actually rise in this economic downturn. The bad news? That segment is older Americans, many of whom are only working because they're afraid they don't have enough savings to retire, the...

How Presidents Win When Jobless Rate Is High

Voters care about change in unemployment rate

(Newser) - Will next year's election depend on "the economy, stupid"? History shows that despite high unemployment, President Obama could still reclaim the White House based on the economy's performance, the AP reports. That's because voters react to the change in unemployment, not its absolute number. What...

Unemployment Falls to 8.5%
 Unemployment Falls to 8.5% 
Jan 6, 2012 7:49 AM CST

Unemployment Falls to 8.5%

200K jobs added in December: jobs report

(Newser) - A better-than-expected jobs report shows that 2011 ended with a bang: The unemployment rate fell to 8.5% last month, the lowest since February 2009, and 200,000 new jobs were added, the Wall Street Journal reports. The jobs report was expected to be solid, but not this solid: Unemployment...

German Unemployment at Record Low
German Unemployment
at Record Low
Jan 4, 2012 12:56 AM CST

German Unemployment at Record Low

Nation hiring as rest of eurozone firing

(Newser) - While much of the rest of the eurozone struggles with soaring unemployment, Germany's unemployment rate has fallen to its lowest level since it reunified more than 20 years ago. The rate fell to 6.8% in December, helped by strong exports to China and unseasonably warm weather, which allowed...

More Unemployed Turn to Social Security Disability

Jobless apparently using fund as a last resort

(Newser) - The ranks of Americans collecting Social Security Disability Insurance payments have swelled dramatically in recent years, and that may be because more people are turning to the program when they can’t find work, the Wall Street Journal reports. Some 10.6 million Americans are now on the program, compared...

Jobless Claims Sink to 3-Year Low

It was a surprise drop, notes Bloomberg

(Newser) - Unexpected visit from the in-laws: bad news. Unexpected drop in jobless claims: very good news. Though Bloomberg reports that economists anticipated that the number of Americans filing first-time jobless claims would hold steady around 390,000, it instead dropped by 19,000 last week, to 366,000. The last time...

New GOP Push: No Jobless Benefits for Rich

They also want to keep millionaires off food stamps

(Newser) - The GOP has found some millionaires it won't stand up for: Millionaires on food stamps. House Republicans have added a measure to their payroll tax holiday bill that would cut off food stamps and unemployment benefits for people with a gross adjusted income of $1 million or more, the...

Unemployment Rate Drops to 8.6%; Economy Adds 120K Jobs
 Unemployment Drops to 8.6% 
Dec 2, 2011 7:51 AM CST

Unemployment Drops to 8.6%

Economy added 120K jobs in November

(Newser) - Today's jobs report brings good cheer to the holiday season: The unemployment rate has dropped to 8.6%, the lowest it has been since March 2009, the AP reports. The rate had been expected to hold steady at 9%, the Wall Street Journal adds. The economy added 120,000...

America's Worst Job-Hunting Cities

Miami tops the latest list

(Newser) - Miami and LA might be beautiful places to live—but they’re really terrible places to find work. Those two cities top the list in a new Indeed.com analysis of the worst cities to find employment. Indeed, a job hunting site, compared federal unemployment records with its own job...

Mighty Germany Leans on Troubled Neighbors

With unemployment at record lows, Berlin needs workers

(Newser) - Greece may be threatening to destroy the euro and the European Union, but mighty Germany still could really use a hand from the beleaguered country, reports the AP . With just a 6.6% unemployment rate—Germany's lowest in 20 years—and an aging population, Germany needs at least 12,...

Young Men Face Soaring Unemployment
Now Is an Awful Time to Be
a Young Man in America
in case you missed it
Nov 12, 2011 7:38 AM CST

Now Is an Awful Time to Be a Young Man in America

Some 14.4% of 25- to 34-year-olds jobless; many living at home

(Newser) - Few Americans were immune to the recession, but the plight of young men continues to be particularly dire. The unemployment rate for male high-school grads ages 25 to 34 is 14.4%, far above the 9% national average; the figure also marks a huge jump from the 6.1% jobless...

Unemployment Falls to 9%
 Unemployment Falls to 9% 
Nov 4, 2011 7:55 AM CDT

Unemployment Falls to 9%

October saw 80K new jobs added

(Newser) - The bad news: Just 80,000 new jobs were created in October, when around 100,000 were expected. That’s the fewest in four months, the AP reports. The good news: The unemployment rate fell to 9%, its first decline since July; it had been expected to hold steady at...

Fed Sees High Unemployment All Next Year

Forecast sees it at 8.6% at end of 2012

(Newser) - If President Obama were hoping for a quick election-year turnaround in the jobless rate, the Federal Reserve burst his bubble today. The Fed projected unemployment will be at 8.6% at the end of 2012, not much better than the 9.1% registered in September of this year, reports the...

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