jobless

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Jobless Claims Hit 9-Month High

Reach 500K mark as employers again cut back

(Newser) - New applications for unemployment insurance reached the half-million mark last week for the first time since November, a sign that employers are likely cutting jobs again as the economy slows. The Labor Department said today that initial claims for jobless benefits rose by 12,000 last week to 500,000,...

House Extends Jobless Benefits

Measure now goes to President Obama for his signature

(Newser) - Congress has approved legislation to restore unemployment insurance to people who have been out of work for six months or more, ending a seven-week interruption that caused 2.5 million people to lose benefits averaging about $300 a week. The 272-152 House vote sends the measure to President Obama, who...

Obama Rips Senate GOP for 'Filibustering Our Recovery'

Pushes hard for jobless benefits, small-business tax breaks

(Newser) - President Obama is slamming Senate Republicans who "filibuster our recovery and obstruct our progress" in his weekly address today, accusing them of making their stand at the expense of the unemployed "after years of championing policies that turned a record surplus into a massive deficit." Lawmakers have...

Jobless Flood Suicide Hotlines

Calls spike 18% from January to May

(Newser) - Calls to the National Suicide Prevention Lifeline have spiked precipitously this year, likely indicating a surge in actual suicides. The official suicide rate always lags by several years, but the Lifeline says calls jumped 18% from January to May, reaching an all-time high of 59,500. It’s possible that’...

Senate to Unemployed: Have a Nice Holiday
Senate to Unemployed: Have a Nice Holiday
another gop filibuster
Jul 1, 2010 7:16 AM CDT

Senate to Unemployed: Have a Nice Holiday

Without extended jobless benefits, that is

(Newser) - More than 1.3 million laid-off workers won't get their unemployment benefits reinstated before Congress goes on a weeklong vacation for Independence Day. For the third time in as many weeks, Senate Republicans last night successfully filibustered a bill to continue providing unemployment checks to people who have been laid...

Jobless Masses a Boon for Employers
Jobless Masses a Boon
for Employers
Jun 28, 2010 3:00 PM CDT

Jobless Masses a Boon for Employers

Companies can hire better workers, pay less

(Newser) - High unemployment isn’t bad for everyone. Many companies are taking advantage of the jobless masses, hiring extremely motivated workers at discount rates, Bloomberg reports. “Companies are getting higher-productivity employees for the same or lower wage rate they were paying a marginal employee,” explains one investment strategist. “...

Job Creation Up, but So Is Jobless Rate

Unemployment at 9.9% as job seekers re-enter market

(Newser) - Employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years, the AP reports. The jobless rate also rose, to 9.9%, as people resumed their searches for work. The hiring of 66,000 temporary government workers to conduct the census helped overall payroll...

Job Market Rough on Baby Boomers
Job Market Rough
on Baby Boomers
May 2, 2010 12:05 PM CDT

Job Market Rough on Baby Boomers

Unemployment for 55-and-older set highest since WWII

(Newser) - The economy may be showing signs of recovery, but the job prospects for out-of-work baby boomers remain troubling, reports NPR . The unemployment rate among the 55-and-older set hit 7.2%, the highest since the end of World War II. And while that may be lower than the overall rate, older...

Employers Add Jobs in March
 Employers Add Jobs in March 
Apr 2, 2010 7:47 AM CDT

Employers Add Jobs in March

Increase of 162K keeps unemployment rate at 9.7%

(Newser) - The Labor Department delivered expected good news on the jobs front this morning: Employers added 162,000 jobs in March, the biggest monthly increase in 3 years. The gain, however, wasn't big enough to change the unemployment rate, which remained at 9.7% for the third straight month.

Jobless to Get Mortgage Relief

US will tell lenders to cut or eliminate payments temporarily

(Newser) - The US plans to tell banks to drastically slash or even eliminate the mortgage payments of unemployed borrowers for up to 6 months. The initiative is expected to be unveiled tomorrow as a new tool to help reduce foreclosures, which remain high in part because of the nation's stubborn unemployment...

Jobless Will Stay That Way—for Years

Recovery robust enough to pull 15M off unemployment rolls unlikely

(Newser) - "Jobless recovery" is no mere catchphrase to the millions of Americans that the middle class has shed from its ranks. Many have been out of work for so long that they've exhausted unemployment benefits as the systems strains under what one expert says is "the reality of long-term...

Unemployment Falls to 9.7%
 Unemployment Falls to 9.7% 
Feb 5, 2010 7:40 AM CST

Unemployment Falls to 9.7%

It's the first time it's been under 10% in 4 months

(Newser) - The nation's unemployment rate fell unexpectedly to 9.7% in January, the Labor Department said today. The drop from 10% comes even as US employers cut another 20,000 jobs. The rate dropped because a survey of households found the number of employed Americans rose by 541,000. Overall, however,...

Strapped States Raising Taxes on Employers

Critics say it's going to make joblessness worse

(Newser) - Massive unemployment is putting a strain on state benefit funds, and states in turn are trying to recoup the money by raising taxes on employers. In all, 36 states have raised payroll taxes, a strategy that critics say will backfire by putting a crimp on hiring. “Everything’s going...

1 in 5 US Men Unemployed
 1 in 5 US Men Unemployed 
Jan 8, 2010 12:17 PM CST

1 in 5 US Men Unemployed

Recession has been especially hard on traditionally male jobs

(Newser) - Male unemployment has hit an all-time high, with a whopping 1 of every 5 working-age American men jobless, according to the latest government figures. The economic downturn has been especially brutal on traditionally male-dominated fields like construction and manufacturing, the Huffington Post explains, leading some to label it a “...

Jobless Kids Need Tough Love, not Coddling
 Jobless Kids 
 Need Tough Love, 
 not Coddling 

Don't do their laundry
Dec 29, 2009 10:17 AM CST

Jobless Kids Need Tough Love, not Coddling

Parents shouldn't let them get too comfortable at home

(Newser) - Parents who want their adult kids to take job-hunting seriously shouldn't make things too comfortable for them at home, the British government warns. In the UK, the graduate unemployment rate is the highest it's been in 12 years, and a quarter of men 25 to 29 live at home, the...

Unemployment Drops to 10%
 Unemployment Drops to 10% 
Dec 4, 2009 7:47 AM CST

Unemployment Drops to 10%

Jobs put in best showing since 2007

(Newser) - Job losses slowed and the unemployment rate unexpectedly fell in November, the Labor Department announced today, in its most positive jobs report since 2007. Nonfarm payrolls fell by a mere 11,000, while the unemployment rate, which is determined by surveying households rather than companies, fell from 10.2% to...

Unemployment to Stay High for Years

Fed officials predict it will take about 5 years to return to normal

(Newser) - Unemployment will remain higher than normal for years to come, Fed officials predicted today. Even at the end of 2012, the rate is forecast to be between 6.8% and 7.5%—a decent turnaround from the current 10.2% but still about 2 points higher than the figure in...

Obama's Stimulus Finally Gets Some Respect

Warring economists agree that it has helped—if not enough

(Newser) - Economists are still fighting about whether the economic stimulus was too small, or too big and wasteful, but a consensus is emerging, at least, that the $787 billion package, flawed as it is, is working. With a quarter of the money now spent, the New York Times says a broad...

Dow Up 17 as Jobs Stats Stall Stocks
 Dow Up 17 as 
 Jobs Stats Stall Stocks 
MARKETS
Nov 6, 2009 3:09 PM CST

Dow Up 17 as Jobs Stats Stall Stocks

Stock indexes finish week up 3%

(Newser) - Stocks rose slightly today after analysts upgraded GE—a striking sign of confidence, given the troubles at its finance arm over the previous year. But any enthusiasm was tempered by the news that unemployment hit 10.2% in October, the highest level since 1983.
  • The Dow rose 17.46 points
...

Expect Unemployment to Keep Rising
Expect Unemployment
to Keep Rising
megan mcardle
Nov 6, 2009 11:33 AM CST

Expect Unemployment to Keep Rising

Companies still aren't sold on a long-term recovery

(Newser) - Anyone hoping that today's worse-than-expected news of 10.2% unemployment means we've hit rock bottom is going to be disappointed, writes Megan McArdle . "This figure is likely to get worse before it gets better." Companies need more proof of a long-term recovery before committing to new hires. In...

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