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Showing blog posts tagged with jobless

'I Hate Being Unemployed'

Mike Licht, NotionsCapital.com

"I hate being unemployed. It is a waste of my abilities," says Stan Osnowitz of Baltimore, 67, a journeyman wireman electrician. Even with the recession, Osnowitz was able to find work on a three-year job that included overtime pay. But a five-month job he held earlier this year ended July 3, and now unemployment benefits are his only income. His savings already have been exhausted. 

Osnowitz is one of the people who testified at a House Democratic Steering and Policy Committee today to address the need for extending the Emergency Unemployment Compensation program, which will run out by the end of the year without any action from Congress. 

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3 Million Face Loss of UI Lifeline

3 Million Face Loss of UI Lifeline

If Congress doesn’t extend the current extended federal unemployment insurance (UI) program by the end of the year, 1.3 million jobless workers will be cut off from UI the week of Dec. 28. Nearly 1.9 million more would lose the extended UI during the first half of 2014 as their state benefits run out.

But with only nine days left on the House legislative calendar before the congressional holiday recess, a group of lawmakers issued an urgent call Wednesday to reauthorize federal jobless aid for the long-term unemployed, as Rep. Sandy Levin (D-Mich.) and Sen. Jack Reed (D-R.I.) announced new legislation to renew federal unemployment insurance through 2014.

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What Can We Learn from the Long-Term Unemployed in the New York City Metro Area?

Photo via Wikimedia.

Among the problems that we as a nation have been grappling with since the end of the Great Recession, which ended in 2009, is the persistence of unemployment or, more specifically, long-term unemployment. It has been commonplace to assume that long-term unemployment is because of structural change, which has resulted in a skills mismatch. There is no question that structural changes in the economy mean that jobs that were eliminated—because of shocks from the financial crisis, which led to downturns in the business cycle—are not coming back. But this may assume too much. On the contrary, the principal issue is the depth of the recession, which has led to a severe decrease in aggregate demand for goods and services.

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Jobless Rate Dips to 7.2% with Disappointing 148,000 New Jobs in September

Photo credit: AFGE photo/Flckr

The nation’s economy added 148,000 new jobs in September, compared to 169,000 jobs created in August. The 7.2% jobless rate is slightly down from August’s 7.3%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

While today’s report reflects 42 straight months of job growth, the pace is weak, sluggish and just enough to absorb new entrants into the market and makes little dent in the jobs deficit.

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Jobless Numbers Raise Concern on Job Growth

Jobless Numbers Raise Concern on Job Growth

The nation’s economy added 169,000 new jobs in August and the 7.3% jobless rate is down slightly from July’s 7.4%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

The new jobs added were 65,000 more than the 104,000 new jobs in July (revised downward from the 162,000 originally reported), and this is the 41st straight month of tepid job growth—growth is at a rate too slow to fuel a healthy jobs recovery.

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Jobless Rate Drops to 7.4%, but Job Growth Still Lags

Photo by Steve Rhodes/Flickr

The nation’s economy added 162,000 new jobs in July and the jobless rate dropped to 7.4% from June’s 7.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

William Spriggs, AFL-CIO chief economist, said today’s job numbers “continue to show a very mild recovery, but they fell below expectations and are disappointing.”

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Despite 195,000 New Jobs, Jobless Rate Remains 7.6%

Despite 195,000 New Jobs, Jobless Rate Remains 7.6%

The nation’s economy added 195,000 new jobs in June and the jobless rate remained at 7.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS).But economists say the growth rate is far too slow to fuel a healthy jobs recovery.

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Sequestration’s Knife Cuts Long-Term Unemployment Benefits

Think Progress illustration

It’s tough enough being out of work and forced to rely on none-too-generous unemployment insurance benefits, but now thanks to sequestration, long-term jobless workers are seeing a reduction in their lifeline benefits.

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N.C. Moral Monday Draws Biggest Crowd Yet as UI Cutoff Looms

Photo by Jeremy Sprinkle, N.C. AFL-CIO

North Carolina State AFL-CIO President James Andrews says he chose the act of civil disobedience that led to his arrest and the arrests of 120 others yesterday at the state Capitol in Raleigh, N.C., because:

I stand in opposition to the immoral acts taken against the people of North Carolina by those who claim to govern in their name.

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Look Behind the 175,000 Jobs Created in May

The AFL-CIOyoung workers conference in Minnesota in 2011,  Photo credit AFGE/Flickr

The nation’s economy added 175,000 new jobs in May and the jobless rate slightly increased to 7.6% compared to April’s 7.5%, according to figures released this morning by the U.S. Bureau of Labor Statistics. The 175,000 new May jobs outpaced April’s job growth by 10,000 and marked 38 straight months of tepid job growth. But economists say the growth rate is too slow to fuel a healthy jobs recovery.

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