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Paul Krugman: Deficit Hawks Used the Economic Crisis to their Benefit
Don't Just Be Afraid Amid Market Chaos—Be Angry
paul krugman
Aug 12, 2011 1:57 PM CDT

Don't Just Be Afraid Amid Market Chaos—Be Angry

Deficit hawks exploited this crisis and made it worse: Krugman

(Newser) - All this stock market turbulence should make you not only afraid but mad, writes Paul Krugman in the New York Times . That's because deficit hawks have worsened the mess by "hijacking" the crisis to focus on their “favorite hobbyhorse," he writes. "What the market was...

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...

Rare Good News: Jobless Claims Fall

...below the all-important 400K line, to 398K

(Newser) - Here’s something you don’t see every day: good news from the labor market. New jobless claims fell by 24,000 in the week ending on July 23, to 398,000, the Labor Department announced today. That’s the lowest level of job loss since April, and significantly better...

4.4M Have Been Jobless for More Than a Year

Lengthy jobless periods lead to vicious cycle of unemployment

(Newser) - Some 30% of unemployed workers across the US—about 4.4 million people—had been jobless for more than a year as of last month, Labor Department data shows. Long unemployment periods were especially pronounced in New Jersey (37.1%), Georgia (36.8%), Michigan (36.0%), South Carolina (35.7%),...

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...

Obama: Economy 'Going to Take Time'

President pleads for patience in weekly address

(Newser) - President Obama today sought the public's patience with a slowing economy and said training workers for manufacturing jobs despite declines in that sector will help put the economy on a path toward growth. "We didn't get into this mess overnight. And we won't get out of...

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...

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...

Lousy Job 'Worse for Mental Health Than No Job'

Health benefits of becoming employed depend on job quality: study

(Newser) - Studies have found that unemployment is bad for a person's mental health, but new research has discovered that having a lousy job can be as bad or worse. The researchers studied thousands of people of working age and found that while getting a good job after a period of unemployment...

Unemployment Falls to 9%
 Unemployment Falls to 9% 
Feb 4, 2011 8:17 AM CST

Unemployment Falls to 9%

But that's partially because many have stopped looking

(Newser) - The unemployment rate dropped sharply last month to 9%, the lowest level in nearly two years. But the economy added only 36,000 new jobs, the fewest in four months. The unemployment rate has fallen by eight-tenths of a percentage point in the past two months; that's the steepest two-month...

Recession Over for US Firms, Not Workers

US jobless rate higher than competitors despite soaring profits

(Newser) - The US recession is over—at least, for businesses. US workers are still mired in it. Unlike its economic competitors, America's profits have bounced back to above 2007 levels, but the unemployment rate is higher than in Britain or Russia and much higher than in Germany, Japan, or China, notes...

Unemployment Rate Falls to 9.4%
Unemployment Rate
Falls to 9.4%
breaking news
Jan 7, 2011 7:55 AM CST

Unemployment Rate Falls to 9.4%

But that's party because some people stopped looking for jobs

(Newser) - The nation's unemployment rate dropped to 9.4% last month, its lowest level in 19 months. That was because more people found jobs, but also because some people gave up on their job searches. The Labor Department says employers added 103,000 jobs in December, an improvement from November's revised...

For Returning Troops, an Even Worse Job Reality

They're grappling with 10% employment; non-vets at 9.1%

(Newser) - The job market is obviously bleak—but it's even worse when it comes to troops returning from war. The Washington Post takes a look at the 2 million veterans of the Iraq and Afghanistan wars, who spent as much as 10 years, on and off, in desolate war zones, racking...

Pearl Harbor, Edwards, Jobless Deal All Tragedies: O'Donnell

Pearl Harbor, Elizabeth Edwards, and whoops, time to backtrack

(Newser) - Christine O'Donnell is still here, and still making headlines thanks to comments like the one she made Tuesday, calling the extension of unemployment benefits a "tragedy." Not just a tragedy, but a tragedy that merited mentioning in the same breath as Pearl Harbor and Elizabeth Edwards. O'Donnell was...

Unemployment Rate Climbs to 9.8%

Rate has topped 9% for 19 straight months, longest stretch on record

(Newser) - The nation's unemployment rate climbed to 9.8% in November, a seven-month high, as hiring slowed. The jobless rate has now topped 9% for 19 straight months, the longest stretch on record. Employers added only 39,000 jobs last month, a sharp decline from the 172,000 created in October....

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...

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...

Labor Dept Has a New Site for Jobless
 Labor Dept Has a 
 New Site for Jobless 
HAPPY LABORLESS DAY
Sep 6, 2010 7:58 AM CDT

Labor Dept Has a New Site for Jobless

Unemployment? Still there.

(Newser) - For those who wish they were working this holiday weekend, the Labor Department has a new website aimed at helping out-of-work Americans land a job. Called My Skills, My Future, the site allows job-seekers to punch in their skills, search for jobs, and obtain training, reports Huffington Post.

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