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Tag: unemployment

Polarized Washington sets new low in failing to extend unemployment benefits

Congress has never before let federally extended unemployment benefits drop with an unemployment rate so high: That is the takeaway from a searing new...

As states slash public sector, Washington reluctant to act

For tens of thousands of the nation's teachers, it is the start of an endless summer. In the past month, the Los Angeles Unified School District has sent pink slips to 693 employees. The Detroit school system has laid off 1,983 teachers, including Michigan’s 2007 teacher of the year. And Greensboro, N.C., has received national attention for firing or reassigning more than 500 teachers in a district serving just 71,000 students.

Recovery-busting unemployment and foreclosure crises roil on

The Washington Independent's Annie Lowery today drills into the deep end of the linked unemployment and foreclosure crises, contrasting a story of impending family...

More evidence suggests federal stimulus spending was too low

Via Ezra Klein, Bruce Bartlett argues that state budget shortfalls and ensuing cuts to staff and services clearly cancel out the benefits of the...

Obama presses to pass Jobs Bill as unemployment hits crisis level

Despite improving economic indicators in GDP, consumer spending and business optimism, the United States’ unemployment rate remains high — flirting with double digits. Fifteen...

Public-sector workers a target in recession politics

At Politico, Maggie Haberman and Ben Smith have a good piece on the “perfect storm” ginning up politicians’ opposition to public-sector workers. Firefighters and...

Despite rising job numbers, U.S. unemployment stuck in crisis

The May jobs number is out, and at first blush it looks good. The economy added 431,000 jobs in May and the unemployment rate...

Unemployment rate drops to 9.7%, GOP leaders unmoved

The economy added 431,000 jobs last month, dropping the national unemployment rate from 9.9 percent to 9.7 percent, the Department of Labor Statistics announced...

U.S. GDP rises again, good news for incumbent Democrats

The government Bureau of Economic Analysis reported Friday that U.S. GDP grew at a 3.2 percent per-year pace in the first quarter. It's the...

Stimulus saved an estimated 2.2 million jobs, report finds

The White House Council of Economic Advisers have released their latest quarterly report on the stimulus and estimated that the American Recovery and Reinvestment...