unemployment

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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...

Biden Complains After Ambush Interview

His office want to know: Were rules broken?

(Newser) - Joe Biden is not happy about the ambush interview that landed him on cable TV—and he’s letting the press gallery’s standing committee of correspondents know about it. Jason Mattera of the conservative blog Human Events caught Biden off guard last week by asking to take a photo...

Paycheck Data Dismal in 2010
 Paycheck Data Dismal in 2010 
OPINION
Oct 20, 2011 2:26 PM CDT

Paycheck Data Dismal in 2010

...Unless you were a millionaire

(Newser) - The Social Security Administration quietly released payroll data for 2010 yesterday, and they were “in a word, awful,” writes David Cay Johnston at Reuters —assuming you’re not a millionaire, that is. The number of people making at least $1 million rose by 20%, jumping from 78,...

Audience Loudly Cheers Cain's 'Blame the Jobless'

Crowd startles again in GOP debate

(Newser) - It's becoming common in this wave of GOP debates that audience members are also newsmakers: At last night's debate, the crowd cheered lustily when Herman Cain proudly stood by an earlier statement that the unemployed are to blame for their unemployment. "If you don't have a...

Our Best Hope for New Jobs: Starbucks
 Our Best Hope 
 for New Jobs: Starbucks 
Joe Nocera
Oct 18, 2011 12:41 PM CDT

Our Best Hope for New Jobs: Starbucks

Joe Nocera on Howard Schultz's excellent job creation program

(Newser) - When Joe Nocera heard about Starbucks CEO Howard Schultz’s plan to turn Starbucks customers’ donations into job-creating microloans, he had one thought: “God bless him,” he writes in the New York Times . Sure the government should be tackling this jobs problem, “but with an election coming...

We&#39;re Finally Talking About Jobs
 We're Finally
 Talking About Jobs 
OPINION
Oct 14, 2011 12:34 PM CDT

We're Finally Talking About Jobs

Conversation has shifted away from deficit: Josh Marshall

(Newser) - Josh Marshall at Talking Points Memo points out what he sees a change in the "national conversation" about the economy: It's all about jobs now instead of the debt and deficit. Witness the Republican senators who unveiled a jobs plan of their own , along with John Boehner giving...

Wall Street Will Lose 10K Jobs
 Wall Street Will Lose 10K Jobs 
SAYS REPORT
Oct 11, 2011 11:25 AM CDT

Wall Street Will Lose 10K Jobs

New York comptroller predicts blow to economy

(Newser) - It looks like a lot of Wall Street denizens will be joining the ranks of the unemployed soon, New York’s state comptroller warns in a report released today, predicting that the securities industry will shed nearly 10,000 jobs by the end of 2012. The industry has already cut...

Cain: Racism&#39;s No Biggie
 Cain: Racism 
 Is No Biggie 
Oct 10, 2011 4:36 AM CDT

Cain: Racism Is No Biggie

People 'sometimes hold themselves back,' use racism as 'excuse'

(Newser) - Herman Cain insisted in an interview yesterday that racism in America isn't significantly impeding economic progress for minorities. “I don't believe racism in this country today holds anybody back in a big way,” the presidential candidate declared on CNN . Many "have a level playing field,...

US Incomes Fell More After Recession Than During It

Median household income down 6.7% between June 2009, June 2011

(Newser) - US incomes continued to fall after the 2007 recession was declared over—at an even steeper rate than during the recession, according to a recent analysis. Inflation-adjusted median household income fell 6.7% between June 2009 and June 2011. During the two-year recession, incomes fell 3.2%. The full four-year...

Jobs Report: Unemployment Rate Still 9.1% as Economy Adds 103K Jobs
 Unemployment Holds at 9.1% 
Oct 7, 2011 7:56 AM CDT

Unemployment Holds at 9.1%

Economy needs to add even more jobs to keep up with population growth

(Newser) - Employers added 103,000 jobs in September, a modest burst of hiring after a sluggish summer, but the unemployment rate stayed at 9.1% for the third straight month. Nearly half of the gains last month occurred because 45,000 striking Verizon workers returned to their jobs. The private sector...

The New Obama Gives &#39;em Hell
 The New Obama Gives 'em Hell 
Analysis
Oct 5, 2011 11:10 AM CDT

The New Obama Gives 'em Hell

Democrats rejoice as president goes on the attack

(Newser) - On Labor Day, Carl Levin gave President Obama the text of a speech by Harry Truman—who won reelection despite a bad economy by attacking Republicans so viciously that he earned the nickname “Give ‘Em Hell Harry.” Ever since, Obama’s been giving Republicans hell, the Washington ...

Hire Local? Farmers Who Seek US Workers Hit Hard

Even with high unemployment, Americans walk off too-hard job

(Newser) - John Harold is trying to do the right thing when it comes to harvesting his 1,000-acre Colorado farm, by hiring only legal foreign workers and, this summer, offering more positions to unemployed locals. But “it didn’t take me six hours to realize I’d made a heck...

Starbucks Wants You to Pay $5 More for Coffee

All in the name of stimulating job growth

(Newser) - Hey Frappuccino drinker, can you spare a fiver? Starbucks is hoping that its customers will begin ponying up an extra $5 beginning next month. No, not because that grande drink now costs $8. Starting Nov. 1, Starbucks will accept donations of $5 or more to its "Jobs for USA"...

Hallmark Launches Unemployment Sympathy Cards

Cartoon creatures tell jobless to cheer up

(Newser) - If unemployment figures don’t depress you enough, try this news: Hallmark now has a line of sympathy cards specifically directed at those who’ve lost their jobs, Mediaite reports. One features a dog suggesting that the recipient not “think of it as losing your job.” Instead, “...

Boehner Disses Obama Plan as Not 'Pro-Growth'

He also renews his call for a simplified tax code

(Newser) - John Boehner took his first swings at the Obama jobs plan today, calling it “a poor substitute for the pro-growth policies that are needed to remove barriers to job creation in America.” Boehner criticized the "host of new tax credits" it proposes, which he complained would “...

GOP Rep's Jobs Bill Would Abolish Corporate Taxes

Gohmert's plan beats Obama's to House

(Newser) - Louie Gohmert and President Obama's plans to get Americans back to work have the same name—the American Jobs Act of 2011—but that's where the similarities end. Rep. Gohmert, a Republican from Texas, introduced legislation to the House yesterday that would reduce the corporate tax rate from...

Bank of America to Cut 30K Jobs
 Bank of America 
 to Cut 30K Jobs 
the official plan
Sep 12, 2011 11:15 AM CDT

Bank of America to Cut 30K Jobs

Aims to save $5B per year

(Newser) - The rumored cuts ranged from 10,000 to 40,000 jobs. The reality is somewhere on the upper end: Bank of America says it will cut about 30,000 jobs over the next few years in a bid to save $5 billion per year. The troubled bank expects many of...

Obama Plan Would Bring 1.9M Jobs: Moody's

Would grow economy 2%, says expert

(Newser) - President Obama’s jobs plan would put some 1.9 million people back to work and grow the economy 2%, says Moody’s chief economist. The plan could slice the unemployment rate by a percentage point, adds Mark Zandi, whose analysis comes as the president heads to Virginia to...

What to Watch for in Obama's Jobs Speech

Can the president appease his base and Republicans at once?

(Newser) - President Obama gives his much-hyped jobs speech tonight, and though the stakes are high, expectations are pretty low . Obama’s “task is nearly impossible,” Politico writes: “appease liberals, appeal to independents, win over some Republicans and make a compelling case to Washington-weary voters.” Here’s what...

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