unemployment

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GDP Rises 1.7%; Why That&#39;s Horrible
 GDP Rises 1.7%; 
 Why That's Horrible 
OPINION
Jul 31, 2013 11:15 AM CDT

GDP Rises 1.7%; Why That's Horrible

Neil Irwin thinks we need to do better in this economy

(Newser) - The US economy grew 1.7% last quarter, the Commerce Department announced today , which is a lot better than the 1% analysts expected. "It is what markets and the journalists who write about them like to call a 'huge beat,'" writes Neil Irwin at the Washington ...

Jobless Rate Holds at 7.6%
 Jobless Rate Holds at 7.6% 
Jul 5, 2013 7:51 AM CDT

Jobless Rate Holds at 7.6%

With 195K jobs created

(Newser) - Expectations were slightly upended with today's release of the June jobs report: Most predictions had the unemployment rate ticking down from 7.6% to 7.5%, with somewhere in the neighborhood of 160,000 jobs created. That latter figure turned out to be 195,000 jobs—and yet the...

Eurozone Joblessness Hits New High

Zone may not exit recession this quarter

(Newser) - Unemployment across the 17 European Union countries that use the euro hit another all-time high in May, official data showed today. Eurostat, the EU's statistics office, said the eurozone's unemployment rate rose 0.1 percentage point in May to 12.1%. April's unemployment rate was initially estimated...

Dear DC: 7.6% Unemployment Is Not OK
Dear DC: 7.6% Unemployment Is Not OK
OPINION
Jun 10, 2013 11:18 AM CDT

Dear DC: 7.6% Unemployment Is Not OK

Paul Krugman thinks everyone's dropping the ball on employment

(Newser) - Once upon a time, back before the financial crisis, Americans had certain expectations for their economy. "Normal, back then, meant an economy adding a million or more jobs a year," and an unemployment rate "not much above 5%," recalls Paul Krugman at the New York Times...

Unemployment Ticks Up to 7.6%

175K jobs were added in May

(Newser) - The unemployment rate ticked up a notch in May: It had been expected to remain at 7.5% , but instead went up to 7.6%, the Wall Street Journal reports. But, the AP notes, that's because more people are looking for work, which is a good thing. And while...

Eurozone Jobless Rate Hits Grim Record

...of 12.2% , with nearly 20M unemployed

(Newser) - Unemployment across the 17 European Union countries that use the euro has hit another record high, the latest in a series of ignominious landmarks for the ailing single currency zone. Eurostat, the EU's statistics office, said today that unemployment rose to 12.2% in April from the previous record...

No, America Doesn't Have a Skilled Worker Shortage

Robert Samuelson thinks a prevailing explanation for unemployment is a lie

(Newser) - Employers have been complaining for years now that the US is short of skilled workers, which is fast becoming the conventional wisdom explanation for persistently high unemployment. After all, there are currently more job openings than our current unemployment rates would suggest there should be. "There's only one...

Unemployment Hits 4-Year Low: 7.5%

As 165K jobs are added in April

(Newser) - Today's jobs report beat expectations: The unemployment rate fell to 7.5%, a four-year low, in April, and 165,000 jobs were created. Economists had expected 148,000 new jobs and an unemployment rate holding steady at 7.6%, the Wall Street Journal reports. More good news from the...

Gloom in Spain: Unemployment Hits Record 27%

6M jobless 'worse than expected'

(Newser) - Spain's unemployment rate has soared to 27.2%, the highest it's been since record-keeping started in the 1970s. Some 6.2 million people were jobless in the first quarter, a figure that has continued to climb for seven quarters. Madrid has sharply curtailed its spending, and these latest...

Just 88K Jobs Added in March
 Just 88K Jobs Added in March 
Apr 5, 2013 7:50 AM CDT

Just 88K Jobs Added in March

Unemployment falls to 7.6%, but even that's not good news

(Newser) - Unemployment fell to 7.6% in March, but just 88,000 jobs were added—which the Wall Street Journal calls a "very bad number." Economists weren't expecting much from today's jobs report—according to NPR , they were forecasting "slow and steady" growth—but they had...

We Need Confidence, but We Get &#39;Dr. Doom&#39;
We Need Confidence, but
We Get 'Dr. Doom'
OPINION
Mar 8, 2013 12:02 PM CST

We Need Confidence, but We Get 'Dr. Doom'

Peggy Noonan thinks Obama is missing the jobs crisis, again

(Newser) - President Obama didn't recognize the scope of the jobs crisis in his first term, and he's making the same mistake in his second, writes Peggy Noonan in the Wall Street Journal . Instead of public-works projects, we got health care reform, and its costs are only making employers even...

Unemployment Drops to 7.7%
 Unemployment Drops to 7.7% 
Mar 8, 2013 7:49 AM CST

Unemployment Drops to 7.7%

236K jobs were added in February, many more than expected

(Newser) - The February jobs report is out, and it's way better than economists expected: The unemployment rate dropped to 7.7% from January's 7.9% ; economists polled by Dow Jones Newswires had expected it to drop to 7.8%. That's the lowest rate since December 2008. And the...

Mom Offers $500 Reward to Get Daughter a Job

Linda Smith is handing out resumes to drivers

(Newser) - A mother in Southern California is on a one-woman mission to get her daughter a job. Linda Smith took to holding up a sign at a busy intersection in Menifee on Friday, offering $500 to anyone who takes her daughter's resume and gets her employed, reports the Press-Enterprise . “...

Unemployment Inches Up to 7.9%

157K jobs added

(Newser) - The unemployment rate ticked up from 7.8% to 7.9% in January, according to a jobs report the Wall Street Journal calls "disappointing." The economy added 157,000 jobs, slightly below expectations of 166,000. But here's some news that got a "Whoa, mama!"...

Walmart: We'll Hire Every Veteran Looking for Work

Company to announce ambitious hiring plan today

(Newser) - Walmart is set to make a pretty bold hiring announcement today: It plans to employ every veteran looking for work. The statement does, however, come with an asterisk—veterans must have left the military within the past 12 months and not have been dishonorably discharged. Still, the five-year plan, which...

Greek Unemployment Hits Record High

It's 26.8%, and much higher for younger workers

(Newser) - Unemployment in Greece has climbed even higher, reaching 26.8% in October, according to figures released today, while another lawmaker abandoned the coalition government over a Swiss Bank account scandal. The Statistical Authority said unemployment increased from 26.2% in September 2012, and marked a significant jump from the 19....

EU Unemployment Hits All-Time High

Greece, Spain hit especially hard

(Newser) - Eurozone unemployment hit 11.8% in November, leaving a record 18.8 million out of work, according to data released today by the EU's official statistics agency. The figure, the highest recorded since the currency union formed in 1999, is only a touch higher than October, but a full...

Unemployment Holds at 7.8%
 Unemployment Holds at 7.8% 
jobs report
Jan 4, 2013 7:46 AM CST

Unemployment Holds at 7.8%

Average hiring in 2012 unchanged from 2011 numbers

(Newser) - Today's jobs numbers fell just slightly below the expectations of economists: 155,000 jobs were added last month, when 160,000 had been expected, the Wall Street Journal reports. The unemployment rate held steady at 7.8%; last month's initial rate of 7.7% was revised upward. Some...

Fed Announces $45B-a-Month Bond Buy

Plans to hold interest rates down until jobless rate hits 6.5%

(Newser) - The Federal Reserve dropped a bombshell today, announcing that it would spend $45 billion a month on bond purchases to keep interest rates low, and that it would keep its short-term rates near zero as long as it takes to get unemployment below 6.5%. It will also keep up...

Unemployment Falls to 7.7%
 Unemployment Falls to 7.7% 
Dec 7, 2012 7:49 AM CST

Unemployment Falls to 7.7%

But 'WSJ' calls report the least important in last 60 months

(Newser) - The unemployment rate fell from 7.9% to 7.7% in November, and the Wall Street Journal gives you permission to care a little less than usual. It calls today's report "the least important look at the labor market in about five years." That's because 1)...

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