Posts Tagged ‘jobs’

Congress Gives the Jobless a Christmas Gift

December 28, 2013

Congress Gives the Jobless a Christmas Gift

“More than 1 million Americans are bracing for a harrowing, post-Christmas jolt as extended federal unemployment benefits come to a sudden halt this weekend, with potentially significant implications for the recovering U.S. economy. A tense political battle likely looms when Congress reconvenes in the new, midterm election year.”

– “1.3 Million Losing Unemployment Benefits Saturday,” Bradley Klapper, Associated Press

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The 1963 March on Washington Started in 1941

August 28, 2013

The 1963 March on Washington Started in 1941

The Civil Rights demonstration on August 28, 1963 was called the March on Washington for Jobs and Freedom. Jobs came first, since the right to vote means little without job opportunity and a living wage. The event, produced in 8 weeks, had really been 22 years in the making. A. Philip Randolph of the Brotherhood of Sleeping Car Porters planned such a march for equal employment opportunity in 1941, and was only dissuaded when President Roosevelt issued Executive Order 8802, banning job discrimination in the World War II defense industries.

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165,000 New Jobs In April. Maybe.

May 5, 2013

165,000 New Jobs in April. Maybe.

The Bureau of Labor Statistics announced employment figures for April 2013: 165,000 new jobs. No one knows exactly what that means, but one thing is certain: This number will certainly change. Does that indicate government ineptitude or political manipulation? No.

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Low Unemployment Rate, But Low Job Numbers

April 6, 2013

Low UnemploymentRate, But Low Job Numbers

U.S. jobs grew by only 88,000 in March, less than half of recent monthly job increases, yet the unemployment rate was the lowest in four years, 7.6 percent. How come? People stopped looking, went back to school, or were otherwise no longer counted as unemployed. Was job growth a victim of austerity anticipation? Opinions differ.

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Jobs Report: Unemployment Down, Conspiracy Theories Up

October 7, 2012

Jobs Report: Unemployment Down, Conspiracy Theories Up

The US unemployment rate dropped to 7.8 percent in September, its lowest level in 44 months. Employers added 114,000 workers to payrolls last month, and 86,000 more jobs were created in July and August than previously thought. There’s a great chart here for you visual learners. As economic news, this is only mildly encouraging; as political news it’s better for the Obama campaign than for Mr. Romney.

The Republicans responded to these facts the way they usually do, with conspiracy theories. This time the lunatic accuser wasn’t Herman Cain Michele Bachmann, or Donald Trump. This time it was former General Electric CEO Jack Welch, who claimed that the Bureau of Labor Statistics manipulated the figures, the kind of thing Mr. Welch did at GE. The BLS isn’t GE, though.

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200,000 New Jobs in December, But This Is January.

January 7, 2012

200,000 New Jobs in December, But This Is January.

The December 2011 employment figures are out, and the Bureau of Labor Statistics reports that last month saw an increase of 200,000 new jobs.  At that rate it will be a mere 65 months before we get to full employment.

The BLS adjusts these statistics to account for seasonal variations so that temporary holiday jobs — evergreen salesmen, reindeer renters, maids-a-milking, department store Santas  — don’t distort the figures.  Some analysts aren’t sure the Bureau understands our 21st century retail supply chain, where orders on the InterWebz make temporary work for thousands of migratory warehouse gypsies and delivery drivers. Stay tuned for next month’s job numbers.

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Welcome Home Iraq Veterans

December 19, 2011

Welcome Home Iraq Veterans

“Around 800,000 veterans are jobless, 1.4m live below the poverty line, and one in every three homeless adult men in America is a veteran. Though the overall unemployment rate among America’s 21m veterans in November (7.4%) was lower than the national rate (8.6%), for veterans of Iraq and Afghanistan it was 11.1%. And for veterans between the ages of 18 and 24, it was a staggering 37.9%, up from 30.4% just a month earlier.”

“Whatever the cause, this bleak trend is occurring as the last American troops leave Iraq at the end of this year, and as more than 1m new veterans are expected to join the civilian labour force over the next four years.”

–”A hard homecoming,” The Economist

Related: USA Leaves Iraq?

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Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

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What They Want for Christmas: Jobs

December 12, 2011

What They Want for Christmas: Jobs

Excerpts from “The Book of Jobs,” Joseph E. Stiglitz, Vanity Fair:

“There are 6.6 million fewer jobs in the United States than there were four years ago. Some 23 million Americans who would like to work full-time cannot get a job. Almost half of those who are unemployed have been unemployed long-term. Wages are falling—the real income of a typical American household is now below the level it was in 1997.”

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(un)Employment Report

December 5, 2011

(un)Employment Report

In a regular monthly exercise in statistical flim-flam, the Bureau of Labor Statistics has released the jobless numbers for November 2011.

The meaningless unemployment rate in the headlines: 8.6%, down a whopping 0.4% from last month. The real unemployment rate: 15.6% (includes people who no longer get unemployment benefits, need work but have stopped looking because it’s futile, or have only found part-time work). Some even put that real rate at 18.8. Learn more here.

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(un)Employment Report

November 6, 2011

(un)Employment Report

In a regular monthly exercise in statistical flim-flam, the Bureau of Labor Statistics has released the jobless numbers for October 2011.

The meaningless unemployment rate in the headlines: 9% , down a whopping 0.1%. The real unemployment rate: 16.2% (includes people who no longer get unemployment benefits, need work but have stopped looking because it’s futile, or have only found part-time work). Learn more here.

There was a net gain of 80,000 jobs in the past month, not all of them at McDonald’s (some were at Wendy’s). At that rate, all of America’s 13.9 million unemployed should be working by about 2030.

Related:

“Most unemployed Americans are no longer receiving unemployment benefits,” Christopher S. Rugaber, AP via New York Daily News

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.


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