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Unemployment rate would be 7.1% without government job cuts
As investment in training of the long-term unemployed is decreasing with budget constraints, everything seems to be made to pump more long-term unemploymed in the reserve army we wrote in Disinvestment in Education In North America. The WSJ takes a look at what would happen in the U.S. if there were no Government Cuts. The unemployment rate … Continue reading
The real structural problem is in our political system writes Krugman
Many pundits assert that the U.S. economy has big structural problems that will prevent any quick recovery. All the evidence, however, points to a simple lack of demand, which could and should be cured very quickly through a combination of fiscal and monetary stimulus. No, the real structural problem is in our political system, which … Continue reading
Unemployment | The psychological scars
When the long-term unemployed decide to enter retirement — which changes their social status but nothing else about their situation — their sense of well-being shoots up, while those who are employed don’t experience the same effect. This suggests just how much the psychological burden — and perhaps, the social stigma — of being unemployed … Continue reading
It will take until 2020 to close the Job Gap
U.S. jobs growth may have picked up earlier this year, offering the millions of unemployed hope that better days are ahead. But once again, the government’s monthly unemployment report comes with disappointing news. In April, the nation’s employers created 115,000 positions, after adding 154,000 in March, the Labor Department reported Friday. This was less than … Continue reading
Declining Participation Rate | Any bounceback in the participation rate will be fairly small
The Chart Below from Calculated Risk shows the actual annual participation rate and two forecasts based on changes in demographics. Now that the leading edge of the baby boom generation is starting to retire, the participation rate is declining and will probably continue to decline for the next 20 years. Note: the yellow line is … Continue reading
Unemployment Rate Falling No Matter How You Measure It says DOL
No matter how one measures it, the unemployment rate has been steadily falling. In fact, since August of last year, the headline unemployment rate has dropped by one percentage point from 9.1% to 8.1%, and we know that about 70% of that drop is due to people finding work and not due to people leaving … Continue reading
Colleges Majors With Low Unemployment – Yahoo! Education
if you’re thinking of going back to school, here are some degrees you may want to consider. Degree #1 – Health Care Administration Degree #2 – Criminal Justice Degree #3 – Accounting Degree #4 – Marketing and Communications Degree #5 – Information Technology (IT). Source: Read More @ Colleges Majors With Low Unemployment – Yahoo! Education.
Where the jobless rate is going down : Walker County, Ga
As the United States grapples with stubbornly high unemployment, there’s one part of the country where the jobless rate is plummeting. Walker County, Ga., population, 68,756. As manufacturing strengthened in the area, Walker’s unemployment rate shaved off more than three percentage points in only 15 months, and is still falling fast. “We have actually seen … Continue reading
Srinking Labor Force | Women are pouring out of the job market
Among the new employment figures the Labor Department released Friday morning is an obscure one that’s ripe for politicking: the labor force participation rate. It measures the percentage of the population age 16 and above who are actually working. The labor force participation rate fell last month to 63.6 percent, its lowest level since 1981. … Continue reading
Skrinking Labor Force Participation | Unemployment rate would be 11.1% or even 13.1%
If the same percentage of adults were in the workforce today as when Barack Obama took office, the unemployment rate would be 11.1 percent. If the percentage was where it was when George W. Bush took office, the unemployment rate would be 13.1 percent. Source: Read More @ The incredible shrinking labor force – The Washington Post.
100 Million Working Age Americans Not Working
The unemployment crisis in America is much worse than you are being told. Did you know that there are 100 million working age Americans that do not get up in the morning and go to work? No wonder why it seems like there are so many people that do not have jobs! According to the … Continue reading
Three main reasons that this recovery isn’t generating enough jobs
There are three main reasons that this recovery isn’t generating enough jobs: 1. Overall economic growth has been subpar since this recovery started Six months after the last recession ended, the U.S. economy began growing at an annual rate of 3.8%, adjusted for inflation. And although it has slowed since then, real growth for the … Continue reading
The Real Life of Long-Term Unemployed (video)
In Philadelphia, Steve Nathan and Rita Calicat have not been able to find work, and struggle to cope after reaching the limit of 99 weeks of unemployment benefits Click on the image to watch on Time web site
The extension of unemployment benefits may also have been a mistake write Becker-Posner
I don’t think there’s much else the government could have done to arrest the depression. Attempts at fundamental economic reform should not be made during a depression, because they create uncertainty, which increases the incentive of businesses and consumers alike to hoard rather than spend; hence the Administration’s health-care reform was mistimed. The extension of … Continue reading
Spreading the Benefits of the Productivity Revolution
At the heart of the productivity revolution are the computers, software, and the Internet that have found their way into the production of almost everything a modern economy creates. Factory workers are being replaced by computerized machine tools and robotics; office workers, by software applications; professionals, by ever more specialized apps; communications and transportation workers, … Continue reading
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