unemployment

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Retiree Repays California for Jobless Benefits in '64

Dennis Ferguson says $1,110 helped him train for computer career

(Newser) - A 74-year-old South Carolina man has repaid California for the $1,100 he received in unemployment benefits 46 years ago. In fact, Dennis Ferguson added interest and wrote a check for $10,000 to the state Treasury, reports the Los Angeles Times . Ferguson got laid off from Douglas Aircraft way...

Anger Mounts as Millions Lose Jobless Benefits

2M to lose benefits by Christmas as parties hit impasse

(Newser) - As Democrats and Republicans wrangled over tax cuts for the richest Americans, time ran out for millions of people who have been unemployed for up to 99 weeks. Congress has failed to agree on how to extend benefits for the long-term unemployed and some 2 million people who have been...

Fed's Employment Forecast Should Scare Obama

It won't fall fast enough for him to look good in 2012

(Newser) - The Federal Reserve issued a dour new economic outlook yesterday, predicting that the unemployment rate, currently at 9.6%, will fall to only 9% by 2011 and 8% by late 2012. That's bad news for everyone, but especially for President Obama; Daily Intel notes that incumbents lost in four of...

Guy Offers $25K to First Person Who Gets Him a Job

As long as your job lead pays $225K, you're set

(Newser) - Having trouble finding a job? Perhaps you should consider Scott Avidon's approach: He's offering $25,000 to the first person who helps him get one. The 45-year-old father of two, laid off six months ago, tells the Huffington Post that he's been "aggressively looking" for jobs—networking, applying online,...

Brits to Jobless: Volunteer or Lose Benefits

Goal: 'End the habit of worklessness'

(Newser) - Unemployed Britons may have to volunteer full-time for a month in order to keep their benefits. The plan, to be unveiled this week, is part of a massive overhaul of the country's $300 billion welfare program, notes the Guardian . The goal, says a government source, is to "end the...

Unemployment Stuck at 9.6%
 Unemployment Stuck at 9.6% 
Nov 5, 2010 8:15 AM CDT

Unemployment Stuck at 9.6%

But it's the best jobs month since May, with a net gain of 151K jobs

(Newser) - US employers added the most jobs in five months in October, with the education and health care sectors leading the way. But the unemployment rate, measured by a separate survey of households, refused to budge. It remained stuck at 9.6% for the third straight month.

Nancy Pelosi: 'No Regrets'
 Nancy Pelosi: 'No Regrets'  
Nov 4, 2010 7:39 AM CDT

Nancy Pelosi: 'No Regrets'

Speaker says she hasn't decided on next move

(Newser) - The first female speaker of the House of Representatives says she has "no regrets" after the Republican landslide that will force her to hand the gavel over to John Boehner. Nancy Pelosi told ABC 's Diane Sawyer that America's high unemployment rate is to blame for the Democrat's drubbing....

Law Schools Making Too Many Lawyers
Law Schools Making Too Many Lawyers
Oct 29, 2010 1:54 PM CDT

Law Schools Making Too Many Lawyers

Unemployed grads furious over dry job market

(Newser) - Recent law school grads are having a tough time finding a job, and there’s a very good reason for that: the recession drove tons of people into law school. Between 2007 and 2009, the number of people who took the LSAT shot up 20.5%, Slate reports, as students...

'Recovery' Looking Like 10-Year Recession

Uncertainty is the 'new normal' in America

(Newser) - For many Americans, "recovery" feels a lot like recession—and it may take a decade for that to change, finds the New York Times . At the current rate of job creation, for instance, it would take nine years to recapture jobs lost thus far. Home prices, meanwhile, are down...

At Current Rate All Jobs Won't Be Back Until 2020
 US Won't Get All 
 Jobs Back Until 2020 
AT CURRENT RATE
Oct 10, 2010 10:48 AM CDT

US Won't Get All Jobs Back Until 2020

And we're likely to hit another recession before then

(Newser) - The US has in 2010 added 613,000 jobs as of September—a not-so-bad average of 68,111 per month. But at that rate, it will be 2020 before the US regains the 8.36 million total jobs lost in the Great Recession. That would break the post-WWII record of...

Economy Loses 95K Jobs
 Economy Loses 95K Jobs 
Oct 8, 2010 8:01 AM CDT

Economy Loses 95K Jobs

Unemployment hovers at 9.6%

(Newser) - A wave of government layoffs last month outpaced weak hiring in the private sector, pushing down US payrolls by a net total of 95,000 jobs. The unemployment rate held at 9.6%, says the Labor Department. The jobless rate has now topped 9.5% for 14 straight months, the...

Unemployment Isn't the Fault of the Workforce
Unemployment Isn't the Fault of the Workforce
PAUL KRUGMAN
Sep 27, 2010 2:00 PM CDT

Unemployment Isn't the Fault of the Workforce

Government simply lacks the will to stimulate demand

(Newser) - Don't blame America's workers for the country's persistent unemployment. Some, like Bill Clinton and Narayana Kocherlakota have suggested that American workers simply lack the skills employers need. But that's nonsense, argues Paul Krugman in the New York Times . If that were true, there should be employers struggling to fill jobs....

Fed: We Could Help Economy...
 Fed: We Could 
 Help Economy... 
Sep 22, 2010 11:05 AM CDT

Fed: We Could Help Economy...

...But we won't just yet

(Newser) - The Federal Reserve yesterday reassured the public that it was “prepared to provide additional accommodation if needed” to support the recovery, but that it didn’t think it was needed just yet. But merely suggesting the possibility was enough to send markets in the right direction, with interest on...

Recession Ended Last June, Analysts Say

Tell that to the unemployed, who are likely to stay that way for years

(Newser) - Break out the champagne: The recession is over! In fact, it’s been over since June 2009, according to a new report from the National Bureau of Economic Research, an unofficial group that marks the start and end of such economic events. Things may not be great, the committee concluded,...

Over-50 Jobless May Be Out of Work for Good

Younger workers likely to get rehired first

(Newser) - A lot of unemployed Americans over 50 are getting the unhappy sense that they may as well kiss the workforce goodbye—nobody is going to hire them again. Blame the fact that the recovery is so sluggish. At the current rate it will take as long as 8 years for...

Gazans Blame Hamas for Economic Woes

Party shares blame with Israel for sky-high unemployment

(Newser) - As joblessness mounts in the beleaguered Gaza Strip, more and more residents are blaming the ruling Hamas party for their woes, GlobalPost reports. Although Gaza has one of the fastest population growth rates on earth, 45% of people have no job and 85% depend on aid to get by. And...

Joe Miller: Jobless Benefits Unconstitutional

'Show me the enumerated power,' says Senate candidate

(Newser) - It seems Palin-backed GOP Alaska Senate hopeful Joe Miller is sticking with his anti-benefits stance, big time. The Tea Party favorite yesterday told Fox News' Chris Wallace that jobless benefits are unconstitutional, reports the Raw Story . "The Constitution provides enumerated powers," he said. "Show me the enumerated...

Jobless 'Wasteland': Europe, US on Brink of Social Revolt

Recession left 'gaping wounds' says IMF head

(Newser) - To those who think the worst of the recession is over, the head of the IMF has this to say: "We are not safe." An astounding 30 million jobs have been lost since the beginning of the financial crisis , three-quarters of those in richer economies, a new report...

Tax Cuts: Good for Politicians, Not Economy

There are better ways to go, but no one wants another stimulus

(Newser) - “Tax cuts” is a phrase politicians love, especially in election season—but they may not do the economy much good at all. Those in favor of extending the Bush tax cuts (Republicans and a few Democrats) argue that ending the tax cuts, thus increasing taxes, for anyone—even the...

More Americans Becoming Day Laborers

Women, white-collar types hustling manual work

(Newser) - The high unemployment rate is making day labor in America the "occupation" of a far broader, more diverse population. While the informal nature of the sector makes it tough to compile accurate statistics, the number of people seeking casual work is rising across America, as is the number of...

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