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The Many Faces of Unemployment
8 hours ago ago from Traders Log
Last Friday we got word that the employment picture in the U.S. improved substantially over the month of November. According to the Labor Department, the nation shed 11,000 jobs, a mere fraction of the 130,000 economists were expecting. The news came as a shock to many. In fact, president Obama reportedly corrected his chief economic adviser when she first told him the news, saying You mean a one hundred and eleven thousand job loss? ...
Related contentSpecial Report: Unemployment Uptown
3 hours ago ago from The Uptowner
Source: New York State Department of Labor (Graphic by Tim Kiladze and Lisa Waananen) By Joshua Tapper and Andrew Keshner Widespread unemployment in uptown Manhattan is forcing people to find new careers or juggle several jobs, while touching off concerns that those lost jobs might not come back, local business leaders say. Elbagina Bonilla, deputy director of the Northern Manhattan Coalition for Economic Development, sees ...
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14 hours ago ago from LATICONOMICS
Thanks for the November Jobs Report? Why employment is still lagging. JAMES SHERK REA S. HEDERMAN, JR. Heritage Foundation Today's jobs numbers, released the day after the White House jobs summit, show that Christmas has come early for many workers. Employers shed only 11,000 net jobs while the unemployment rate fell from 10.2 percent to 10.0 percent. While it is only a one-month snapshot, this report gives reason for optimism ...
Related contentHey Obama! Americans Aren't As Stupid As You Think!
11 hours ago ago from The Rumbler Report
Chilling number over at Rasmussen Reports yesterday: 67% of Americans think that unemployment will be the same or worse than it is today one year from now. How in this wonderful land full of unicorns and hope and change is this possible? Despite President Obama’s highly-publicized jobs summit late last week and a slight drop in the national unemployment rate to 10%, Americans remain pessimistic about the jobs situation. A ...
Related contentThe Recession is Over… Because Jobs are Back?
5 hours ago ago from Recessionwire
In November, both the number of unemployed persons, at 15.4 million, and the unemployment rate, at 10.0 percent, edged down. At the start of the recession in December 2007, the number of unemployed persons was 7.5 million, and the jobless rate was 4.9 percent. ( via Bureau of Labor Statistics report ) Why it might be false : One positive jobs report is kind of like a diamond in the rough when you look at it against the backdrop of other ...
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A fun way to determine if you're really unemployed
10 hours ago ago from WalletPop
As the Federal Reserve warns that it could be another five or six years before the job market returns to normal, determining if you're unemployed and therefore eligible for unemployment benefits is probably going to affect many more people in the coming years. Determining whether or not you're "unemployed" is tricky because of which jobless Americans are counted in the official number. The national unemployment rate fell to 10% in November, ...
Related contentFast Facts: On the Job Hunt in Canada
4 hours ago ago from FOX News
Fast Facts: On the Job Hunt in Canada Tuesday, December 08, 2009 Print A report released by the Canadian Government says our neighbor to the north added 79,100 jobs in November, led by education, healthcare and technical jobs. With a jobless rate of 8.5 percent, some analysts tell Fox News those jobless numbers are overstated. Still it appears Canada's economy is fairing better than the U.S., and Canada's growth areas are a good sign ...
Related contentLeonard Zeskind: Unemployment, Race and Crimes by White-ists
20 hours ago ago from Huffington Post
Unemployment, Race and Crimes by White-ists by Leonard Zeskind Unemployment rates tell us some things about how the economy is doing. But aggregate rates, even if they go down a virtual eighth of an inch like they did in November, hide high levels of disparity by race. And they have told us next to nothing about any link between unemployment and violence by organized self-conscious racists. Using Bureau of Labor Statistics data, Devin ...
Related contentGoldman: 100K Jobs a Month Needed to Keep Jobless Rate Flat - MarketBeat - WSJ
8 hours ago ago from Wall Street Journal
By Matt Phillips For those hoping that we'll see a sharp reduction in the unemployment rate soon we're looking at you Washington Dems Goldman Sachs offers a few words of caution. It will probably take at least 100,000 jobs per month just to hold the unemployment rate constant. That insight came in a note from Goldman that contained other hopeful nuggets. 1.) The direction of seasonal adjustments look optimistic. The seasonally adjusted ...
Related contentJob openings dwindle
6 hours ago ago from CNN Money
Quick Vote How will the job situation look in six months? Easier to find a job Harder to find a job About the same Find a Job Find Jobs in NEW YORK (CNNMoney.com) -- Job openings fell and layoffs rose in October, according to a government report released Tuesday. Job seekers still outnumber openings by more than six to one, the ...
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