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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: unemployment

unemployment stories: 320 news summaries

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MARKETS

 Dow Up 61 on 
 Strong Earnings 

Weekly unemployment claims fall to lowest level since January

Oct 8, 09 3:14 PM CDT
(Newser) - Stocks closed below their session highs but still finished in positive territory after Alcoa set a strong tone for the third-quarter earnings season. The firm posted a $77 million profit after the bell yesterday. Also helping was good news on the jobs front, with last week’s initial claims for... More »

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Dow Jones • Alcoa • unemployment • Nasdaq • S&P 500

Tax Breaks for New Jobs
Gain Bipartisan Support

But some dismiss move as 'corporate welfare'

Oct 7, 09 7:46 AM CDT
(Newser) - Support is building in Washington for the idea of giving companies tax breaks when they hire new workers. President Obama’s economic team has been exploring the possibility for weeks, and lawmakers on both sides of the aisle like the idea of helping unemployed constituents. “There’s a lot... More »

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unemployment • Robert Reich • tax breaks • corporate tax cuts • Obama administration • payroll taxes • Eric Cantor

OPINION

 Put New 
 Stimulus 
 to Work for 
 Unemployed 

Painful 'new normal' isn't good enough

Oct 7, 09 2:08 AM CDT
(Newser) - Economists are buzzing about a "new normal" of higher unemployment and wage stagnation post-recession, but Americans shouldn't resign themselves to a mediocre economy, writes Harold Meyerson. Downturns triggered by banking crises usually cause higher rates of unemployment for longer periods than normal downturns, but the cycle can be broken... More »

MORE ABOUT:
recession • unemployment • US economy • New Deal • economic stimulus package • job creation

 Obama Mulls 
 Tax Cuts, 
 Spending to 
 Goose Economy 

Grim jobs outlook spurs talks on new stimulus measures

Oct 6, 09 5:52 AM CDT
(Newser) - The Obama administration is examining new ways to boost the economy amid troubling unemployment statistics. The White House and Democratic leaders in Congress are considering strategies that include new transportation spending and an extension of tax credits for first-time homebuyers and small businesses struggling with operating losses. A proposal to... More »

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employment • recession • unemployment • US economy • economic stimulus package • Obama administration

ANALYSIS

 Many Jobs Are Gone Forever 

Employment picture likely to remain grim for years, and predicting winning industries is a challenge

Oct 5, 09 2:28 PM CDT
(Newser) - The job market is likely to be grim for years to come—economists expect that even if job creation returned to the brisk pace of the ‘90s, unemployment wouldn’t return to 5% until 2017. And for many of the unemployed, the numbers belie the real problem: The positions... More »

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health care • employment • recession • unemployment • job • job creation • green jobs • recession depression

Despite Layoffs, High-Paying Jobs Go Unfilled

Employers can't find nurses, engineers, energy researchers

Oct 5, 09 9:21 AM CDT
(AP) - In a brutal job market, here's a task that might sound easy: Fill jobs in nursing, engineering and energy research that pay $55,000 to $60,000, plus benefits. Yet even with 15 million people hunting for work, even with the unemployment rate nearing 10%, some employers can't find enough... More »

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unemployment • engineers • nursing • skilled labor

(Newser) - A rough milestone on the jobless front: The average length of time it takes to find a job—26.2 weeks—now exceeds the standard length of unemployment benefits—26 weeks. That's first time it's happened since the Labor Department began keeping stats 60 years ago, reports Bloomberg. The bit... More »

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recession • unemployment • jobless claims • unemployment benefits • jobless • unemployment rate

piling on

 GOP Revels in US Setbacks 

1-2 punch of job stats, Olympic decision gets a third stage

Oct 2, 09 2:15 PM CDT
(Newser) - From worse-than-expected unemployment numbers to Chicago’s foiled Olympic bid, today was a lousy day for America, but Republicans reacted as if Christmas had come early. Soon after the jobs numbers hit, Glenn Thrush of Politico got a slew of GOP press releases. “Rep. Mike Pence literally hit the... More »

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Newt Gingrich • Republican • Mike Pence • Chicago • GOP • 2012 London Olympics • Republican Party • unemployment • Olympic Games • Chicago Olympics • International Olympic Committee • Olympics • IOC

MARKETS

 Dow Falls 34 
 Ahead of Jobs Data 

Dow still on track for best quarter in 10 years

Sep 29, 09 3:16 PM CDT
(Newser) - Stocks fell today as traders lost some of yesterday’s confidence ahead of looming job reports. ADP will release its September survey tomorrow, with weekly data due Thursday and the government’s nonfarm payrolls report coming Friday. The Conference Board’s consumer confidence index, which analysts had been expecting to... More »

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Dow Jones • consumer confidence • employment • unemployment • Nasdaq • Conference Board • S&P 500 • consumer confidence index

Social Security Faces Grim Forecast for 2010, 2011

Payouts will exceed tax receipts for first time since 1980s

Sep 27, 09 4:40 PM CDT
(AP) - Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next 2 years, the first time that's happened since the 1980s. The deficits—$10 billion in 2010 and $9 billion in... More »

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taxes • retirement • disability • deficit • unemployment • baby boom • Social Security • budget deficit • retirement benefits

 Jobless Outnumber Jobs, 6-1 

Ratio hits worst level since recording began in 2000

Sep 27, 09 10:38 AM CDT
(Newser) - Even as the US pulls out of the recession, the ranks of the out-of-work have swelled to 14.5 million people, leaving six jobless people vying for every available job—the worst ratio since the Labor Department began keeping track in 2000. "There's too much uncertainty out there,"... More »

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unemployment • US economy • jobless

 Outlook Bleak for Holiday Hiring 

Pessimistic retailers plan to slash seasonal jobs

Sep 23, 09 1:22 AM CDT
(Newser) - Retail jobs are expected to be in short supply even as the holiday shopping season approaches, the Wall Street Journal reports. Some 40% of retail chains surveyed say they plan to hire fewer workers this year than they did last year when the recession forced many to cut staffing levels.... More »

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employment • unemployment • retail sales • holiday shopping • retailers • staff

 Job Market Splitting Up Couples 

Nearly 1 in 5 Americans relocates for new position

Sep 22, 09 5:18 AM CDT
(Newser) - With the job market failing to recover along with the larger economy, two-career couples are facing tough choices and increasingly being forced into long-distance relationships. A recent survey has found that 18.2% of Americans who took new jobs in the second quarter also relocated, up from 11.4% a... More »

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marriage • unemployment • relationship • job market • relocation • couples • married couples



 Business Is Booming 
 on Appalachian Trail 

In echoes of Depression-era hobos, hikers subsist on bartered farm labor

Sep 21, 09 1:00 PM CDT
(Newser) - The Appalachian Trail has been packed this year, as the unemployed wait out the bad economy by hiking almost 2,200 miles between Maine and Georgia—and often pay for the journey by working as they go, the Wall Street Journal reports. The trail offers a subsistence lifestyle—hikers budget... More »

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hiking • recession • unemployment • Appalachian Trail

TALKSHOW ROUNDUP

 Obama 'Skeptical' 
 About More Troops 
 in Afghanistan 

Pres calls Russians 'paranoid' and refuses to comment on ACORN

Sep 20, 09 9:13 AM CDT
(Newser) - If it’s Sunday, it’s President Obama, who took to five Sunday talk shows today (including Univision, but excluding Fox) to promote his agenda. Among the highlights:
  • Obama warned US commanders on This Week he’s “skeptical” that more US troops in Afghanistan will make a difference.
... More »

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Afghanistan • Russia • health care • Barack Obama • missile defense system • unemployment • troop levels • Sunday morning talk shows

 NYC Unemployment Hits 10.3% 

City given grant to help laid-off Wall Street workers retrain

Sep 18, 09 7:10 AM CDT
(Newser) - The Big Apple's unemployment rate hit double digits last month for the first time since 1993, the New York Times reports. At 10.3%, the rate is now higher than the national rate of 9.7%. State officials say continuing layoffs on Wall Street are to blame for the rise,... More »

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Wall Street • New York City • recession • unemployment • financial sector • job training

Recession Crushes
White-Collar Michigan

Layoffs, property price plunge leaves middle-aged workers in limbo

Sep 17, 09 1:26 AM CDT
(Newser) - Tens of thousands of middle-aged white-collar workers have been left jobless and stranded in Michigan by the recession, the Wall Street Journal reports. Auto industry veterans laid off by the Big Three are finding themselves competing against against younger people for a smattering of job openings. With property prices down... More »

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Chrysler • General Motors • Detroit • Michigan • recession • Ford • unemployment • auto industry • Big Three • white collar

 Wages Are Up—for 
 Workers With Jobs 

Avg. weekly pay hit $618 last month, up from $612

Sep 16, 09 6:41 AM CDT
(Newser) - For those with the good fortune to have a job, wage growth has actually increased in recent months, government surveys show. From the fall of Lehman Brothers last September to this June, average weekly pay stayed at $612. But since June, the workweek has gotten longer and hourly pay growth... More »

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wages • recession • unemployment • pay increase

 UK Unemployment
Soars to 14-Year High

Jobless rate expected to keep rising despite signs of economic recovery

Sep 16, 09 5:18 AM CDT
(Newser) - The unemployment rate in Britain has climbed to 7.9% despite signs the economy is slowly beginning to pick up, the Wall Street Journal reports. The rate is now the highest since 1995, and analysts expect it to keep rising until well into next year. Unemployment remains especially high among... More »

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recession • unemployment • Britain • jobless

 Time-Starved Working 
 Parents Eat Poorly: Study 

Low-income work schedules make healthy eating difficult

Sep 10, 09 2:59 PM CDT
(Newser) - The nature of low-income employment promotes unhealthy eating, Time reports. Over half of working parents in low-to-moderate income communities relied on dietary “coping” measures when their schedules couldn’t accommodate a full meal, according to a new Cornell University study. Those strategies included skipping breakfast or family meals,... More »

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obesity • parenting • health • obesity epidemic • public health • diet • unemployment • Cornell University • healthy eating • job • dinner

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