unemployment

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No, America Doesn't Have a Skilled Worker Shortage

Robert Samuelson thinks a prevailing explanation for unemployment is a lie

(Newser) - Employers have been complaining for years now that the US is short of skilled workers, which is fast becoming the conventional wisdom explanation for persistently high unemployment. After all, there are currently more job openings than our current unemployment rates would suggest there should be. "There's only one...

Unemployment Hits 4-Year Low: 7.5%

As 165K jobs are added in April

(Newser) - Today's jobs report beat expectations: The unemployment rate fell to 7.5%, a four-year low, in April, and 165,000 jobs were created. Economists had expected 148,000 new jobs and an unemployment rate holding steady at 7.6%, the Wall Street Journal reports. More good news from the...

Gloom in Spain: Unemployment Hits Record 27%

6M jobless 'worse than expected'

(Newser) - Spain's unemployment rate has soared to 27.2%, the highest it's been since record-keeping started in the 1970s. Some 6.2 million people were jobless in the first quarter, a figure that has continued to climb for seven quarters. Madrid has sharply curtailed its spending, and these latest...

Just 88K Jobs Added in March
 Just 88K Jobs Added in March 
Apr 5, 2013 7:50 AM CDT

Just 88K Jobs Added in March

Unemployment falls to 7.6%, but even that's not good news

(Newser) - Unemployment fell to 7.6% in March, but just 88,000 jobs were added—which the Wall Street Journal calls a "very bad number." Economists weren't expecting much from today's jobs report—according to NPR , they were forecasting "slow and steady" growth—but they had...

We Need Confidence, but We Get &#39;Dr. Doom&#39;
We Need Confidence, but
We Get 'Dr. Doom'
OPINION
Mar 8, 2013 12:02 PM CST

We Need Confidence, but We Get 'Dr. Doom'

Peggy Noonan thinks Obama is missing the jobs crisis, again

(Newser) - President Obama didn't recognize the scope of the jobs crisis in his first term, and he's making the same mistake in his second, writes Peggy Noonan in the Wall Street Journal . Instead of public-works projects, we got health care reform, and its costs are only making employers even...

Unemployment Drops to 7.7%
 Unemployment Drops to 7.7% 
Mar 8, 2013 7:49 AM CST

Unemployment Drops to 7.7%

236K jobs were added in February, many more than expected

(Newser) - The February jobs report is out, and it's way better than economists expected: The unemployment rate dropped to 7.7% from January's 7.9% ; economists polled by Dow Jones Newswires had expected it to drop to 7.8%. That's the lowest rate since December 2008. And the...

Mom Offers $500 Reward to Get Daughter a Job

Linda Smith is handing out resumes to drivers

(Newser) - A mother in Southern California is on a one-woman mission to get her daughter a job. Linda Smith took to holding up a sign at a busy intersection in Menifee on Friday, offering $500 to anyone who takes her daughter's resume and gets her employed, reports the Press-Enterprise . “...

Unemployment Inches Up to 7.9%

157K jobs added

(Newser) - The unemployment rate ticked up from 7.8% to 7.9% in January, according to a jobs report the Wall Street Journal calls "disappointing." The economy added 157,000 jobs, slightly below expectations of 166,000. But here's some news that got a "Whoa, mama!"...

Walmart: We'll Hire Every Veteran Looking for Work

Company to announce ambitious hiring plan today

(Newser) - Walmart is set to make a pretty bold hiring announcement today: It plans to employ every veteran looking for work. The statement does, however, come with an asterisk—veterans must have left the military within the past 12 months and not have been dishonorably discharged. Still, the five-year plan, which...

Greek Unemployment Hits Record High

It's 26.8%, and much higher for younger workers

(Newser) - Unemployment in Greece has climbed even higher, reaching 26.8% in October, according to figures released today, while another lawmaker abandoned the coalition government over a Swiss Bank account scandal. The Statistical Authority said unemployment increased from 26.2% in September 2012, and marked a significant jump from the 19....

EU Unemployment Hits All-Time High

Greece, Spain hit especially hard

(Newser) - Eurozone unemployment hit 11.8% in November, leaving a record 18.8 million out of work, according to data released today by the EU's official statistics agency. The figure, the highest recorded since the currency union formed in 1999, is only a touch higher than October, but a full...

Unemployment Holds at 7.8%
 Unemployment Holds at 7.8% 
jobs report
Jan 4, 2013 7:46 AM CST

Unemployment Holds at 7.8%

Average hiring in 2012 unchanged from 2011 numbers

(Newser) - Today's jobs numbers fell just slightly below the expectations of economists: 155,000 jobs were added last month, when 160,000 had been expected, the Wall Street Journal reports. The unemployment rate held steady at 7.8%; last month's initial rate of 7.7% was revised upward. Some...

Fed Announces $45B-a-Month Bond Buy

Plans to hold interest rates down until jobless rate hits 6.5%

(Newser) - The Federal Reserve dropped a bombshell today, announcing that it would spend $45 billion a month on bond purchases to keep interest rates low, and that it would keep its short-term rates near zero as long as it takes to get unemployment below 6.5%. It will also keep up...

Unemployment Falls to 7.7%
 Unemployment Falls to 7.7% 
Dec 7, 2012 7:49 AM CST

Unemployment Falls to 7.7%

But 'WSJ' calls report the least important in last 60 months

(Newser) - The unemployment rate fell from 7.9% to 7.7% in November, and the Wall Street Journal gives you permission to care a little less than usual. It calls today's report "the least important look at the labor market in about five years." That's because 1)...

Crazy Commute: Wisconsin Workers to Staff ND Store

Menard will fly 50 employees from Eau Claire to Minot weekly

(Newser) - And you thought your commute was bad: Home improvement retailer Menard plans to fly 50 workers weekly from its headquarters in Eau Claire, Wisconsin, to a store in the booming town of Minot, North Dakota. A nearby oil patch has swelled the town's population to nearly 50,000 (up...

Millions About to Lose Unemployment Benefits

Emergency payouts set to expire at year's end

(Newser) - Millions of Americans may be dreading New Year's Day—because that's when their unemployment benefits are scheduled to expire, reports the Wall Street Journal . Some economists dread it too, saying the federally backed emergency payments help the economy and put food on the table for 2.1 million...

Unemployment May Be Just as Bad for Heart as Smoking
Unemployment May Be Just as Bad for Heart as Smoking
study says
Nov 22, 2012 2:58 PM CST

Unemployment May Be Just as Bad for Heart as Smoking

Study finds the more job losses, the more your risk of heart attack

(Newser) - Depressing news from a new study: Losing a job repeatedly could be just as bad for your heart as smoking, high blood pressure, or diabetes, Time reports. The study looked at more than 13,000 adults aged 50 to 75 and followed them for 18 years, finding a strong link...

Hostess Starts Firing People
 Hostess Starts Firing People 
Nov 22, 2012 11:23 AM CST

Hostess Starts Firing People

About 3K will hold on to jobs for a few months

(Newser) - Yesterday a judge gave Hostess the OK to start winding down its operations, and the Twinkies maker isn't wasting any time. Bloomberg reports that the company has begun firing employees, with the CEO saying Hostess intended to fire 15,000 workers yesterday so their unemployment benefits could kick in....

Recession Quadrupled Suicide Rate
 Recession 
 Quadrupled 
 Suicide Rate 
study says
Nov 5, 2012 6:43 AM CST

Recession Quadrupled Suicide Rate

Study finds additional 1.5K deaths per year

(Newser) - The suicide rate rose four times more quickly between 2008 and 2010 than it did in the preceding eight years, a study finds, a jump of an extra 1,500 deaths per year. Between 1999 and 2007, the rate annually climbed by about 0.12 deaths per 100,000 people;...

US Adds 171K Jobs; Unemployment at 7.9%

And September and August figures revised upward

(Newser) - The last jobs report before the election hit today, and it was a good one. The economy added 171,000 jobs in October, the Labor Department reported, handily beating analysts' estimates . The unemployment rate ticked up to 7.9%, but according to Reuters that was because more people were entering...

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