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Unemployment Rate Rises to 9.1%

And fewer new jobs than expected were created

(AP) - 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.... More »

Unemployment Rises to 9%, but Hiring Is Up

As more rejoin the job search, unemployment rate goes up

(AP) - 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... More »

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... More »

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... More »

Unemployment Falls to 9%

But that's partially because many have stopped looking

(AP) - 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... More »

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... More »

Unemployment Rate Falls to 9.4%

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

(AP) - 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... More »

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... More »

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... More »

Unemployment Rate Climbs to 9.8%

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

(AP) - 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.... More »

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... More »

Economy Loses 95K Jobs

Unemployment hovers at 9.6%

(AP) - 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... More »

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... More »

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. More »

Jobless Claims Hit 9-Month High

Reach 500K mark as employers again cut back

(AP) - 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,... More »

House Extends Jobless Benefits

Measure now goes to President Obama for his signature

(AP) - 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... More »

Obama Rips Senate GOP for 'Filibustering Our Recovery'

Pushes hard for jobless benefits, small-business tax breaks

(AP) - 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... More »

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’... More »

Senate to Unemployed: Have a Nice Holiday

Without extended jobless benefits, that is

(AP) - 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... More »

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. “... More »

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