unemployment rate

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Congressional Black Caucus Head Emanuel Cleaver: If Obama Were White...
CBC Head:
If Obama Were White...
Sep 19, 2011 7:26 AM CDT

CBC Head: If Obama Were White...

We'd 'probably be marching on the White House'

(Newser) - Rep. Emanuel Cleaver has already made it abundantly clear that he’s not the biggest fan of some of President Obama’s policies, and the Congressional Black Caucus chairman isn’t done talking. Angry over the nearly 17% unemployment rate in the African-American community, Cleaver says, "If Bill Clinton...

US Added No New Jobs Last Month

Unemployment remains at 9.1%

(Newser) - Following a depressing economic forecast from the White House budget office, today's jobs report brings even more depressing news: For the first time in nearly a year, the US economy added no net jobs last month. The government lost 17,000 jobs while the private sector added just 17,...

Dow Rises 61 After Seesaw Day

S&P 500 and Nasdaq decline

(Newser) - This would fall under the category of "volatile" trading day: The Dow rose 61 points to close at 11,445 after a series of wild fluctuations. This morning's better-than-expected jobs report led to an early surge—the Dow rose 170 points shortly after the opening bell, but the...

Better Than Expected: Unemployment Dips to 9.1%

117K jobs added in July, more than predicted

(Newser) - Hiring picked up slightly in July and the unemployment rate dipped to 9.1%, an optimistic sign after the worst day on Wall Street in nearly three years. The Labor Department says employers added 117,000 jobs last month, an improvement from the past two months. The Wall Street Journal...

Americans Fed Up With Obama, GOP on Economy

GOP scores lower, but Obama's numbers plummeting

(Newser) - When it comes to the economy, the public is getting increasingly fed up with pretty much everyone in Washington. Roughly equal numbers blame President Obama and the Republicans for the state of the economy, according to a new Washington Post poll. And though Obama scores slightly higher than Republicans when...

Obama on Jobs: 'We've Still Got a Long Way to Go'

President urges Congress to act on several initiatives to juice economy

(Newser) - President Obama didn't try to put a pretty face on today's bleak unemployment figures : The numbers confirm "what most Americans already know," he said: "We still have a long way to go and a lot of work to do." He urged Congress to pass...

Unemployment Now 9.2% as Hiring Nears Standstill

And May numbers revised downward as well

(Newser) - The June jobs report is out, and it isn't pretty. Hiring slowed to a near-standstill last month: Employers added the fewest jobs in nine months and the unemployment rate rose to 9.2%. The Labor Department says the economy generated only 18,000 net jobs in June, and the...

Unemployment Claims Dip, June Likely to Stay at 9.1%

Two semi-positive reports out ahead of tomorrow's Labor report

(Newser) - US stock futures are rising after two encouraging employment reports. The government said today that the number of Americans who made first-time claims for unemployment benefits dropped to 418,000 last week, slightly below estimates and the lowest figure in seven weeks. In a separate look at the labor market,...

Unemployment Rate for African-Americans: 16.2%

It's even higher for black males, black teens

(Newser) - CBS News reports on the jobless rate for African-Americans, and the figures aren't pretty: While the national unemployment rate hovers around 9.1%, for blacks it stands at 16.2%. For black males the rate is even higher, at 17.5%. Things get even worse in NYC, where...

Let&#39;s Give Jobless a &#39;Signing Bonus&#39;
 Let's Give Jobless 
 a 'Signing Bonus' 
OPINION
Jun 11, 2011 12:40 PM CDT

Let's Give Jobless a 'Signing Bonus'

But cut off benefits after 39 weeks: Todd Buchholz

(Newser) - Todd Buchholz, an economic adviser to the elder President Bush, thinks the idea of 99 weeks of unemployment benefits is foolish. It gives people little incentive to find work, he writes in the Washington Post . His solution: Cut off benefits at 39 weeks but add a "signing bonus" for...

Elite &#39;Pain Caucus&#39; Is Killing America
 Elite 'Pain Caucus' 
 Is Killing America 
paul krugman
Jun 10, 2011 1:35 PM CDT

Elite 'Pain Caucus' Is Killing America

Rich creditors dictate policy, leave jobless in the lurch: Paul Krugman

(Newser) - Ordinary Americans are reeling under the high unemployment rate, and the economy is teetering as well. So why do politicians in both parties refuse to spend money to create jobs? Blame the "Pain Caucus," writes Paul Krugman in the New York Times . This caucus consists of "rentiers,...

Howard Dean: Don't Dismiss Sarah Palin

High unemployment makes any GOP candidate dangerous, says Dean

(Newser) - Don't be so fast to write off Sarah Palin's chances at winning the presidency, warns former Democratic National Committee chairman Howard Dean, who tut-tuts Washington insiders for dismissing her out of hand. “Any time you have a contest—particularly when unemployment is as high as it is...

Only McDonald's Saved Us From Losing Jobs

Depressing: That one-day hiring binge kept us in the black

(Newser) - Just how lousy were today's unemployment numbers ? Employers created a meager 54,000 jobs, way under expectations. Alex Goldmark at Good points out that if not for McDonald's one-day hiring binge of 62,000 jobs, the nation would have had a net loss. "That's what...

Unemployment Rate Rises to 9.1%

And fewer new jobs than expected were created

(Newser) - Employers hired only 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1%. The Labor Department report offers startling evidence that the US economy is slowing, hampered by high gas prices and natural disasters in Japan that have hurt US manufacturers....

Unemployment Rises to 9%, but Hiring Is Up

As more rejoin the job search, unemployment rate goes up

(Newser) - Employers added more than 200,000 jobs in April for the third straight month, the biggest hiring spree in five years. But the unemployment rate rose to 9% in part because some people resumed looking for work. The Labor Department says the economy added 244,000 jobs last month. Private...

Unemployment Falls to 2-Year Low: 8.8%

It's fallen full point over past four months, the sharpest drop since 1983

(Newser) - The unemployment rate fell to a two-year low of 8.8% in March and companies added workers at the fastest two-month pace since before the recession began. The Labor Department says the economy added 216,000 new jobs last month, offsetting layoffs at local governments. Factories, retailers, education, health care,...

Paul Krugman: Barack Obama, Congress Have Abandoned the Unemployed
 Washington Has 
 Abandoned the 
 Unemployed 
paul krugman
Mar 18, 2011 12:15 PM CDT

Washington Has Abandoned the Unemployed

Krugman: Why are we obsessed with the deficit when millions need jobs?

(Newser) - One-sixth of American workers can’t find full-time jobs, and things aren’t getting any better for them: There are nearly five times more jobless people than there are job openings, and the "average unemployed worker has been jobless for 37 weeks." Yet all we hear about from...

Unemployment Dips to 8.9%, Nearly a Two-Year Low
 Unemployment Dips to 8.9% 
Mar 4, 2011 7:58 AM CST

Unemployment Dips to 8.9%

That's nearly a two-year low

(Newser) - More good news in February : The unemployment rate dipped to 8.9%—a nearly two-year low—as employers hired at the fastest pace in nearly a year. The economy tacked on 192,000 jobs last month, with factories, professional and business services, education, and health care among those expanding employment....

Only 12% Chance We'll Return to Recession
Only 12% Chance We'll Return to Recession
say economists
Feb 14, 2011 8:39 AM CST

Only 12% Chance We'll Return to Recession

Forecast fastest expansion in years on consumer spending

(Newser) - Economists are growing more optimistic about this year’s climate, predicting it will expand at its fastest pace since 2003, the Wall Street Journal reports. The paper polled 51 economists. Among the highlights:
  • Economists see only a 12% risk of returning to recession, compared to 22% in September.
  • In the
...

Unemployment High, but Layoffs Rarer

Those with jobs have good odds of keeping them

(Newser) - The US labor force has been split into two groups: the relieved and the desperate. Those who have a job are less likely to lose it than at any point in at least 14 years, while those who are unemployed are in trouble: The jobless are staying so for longer...

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