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Showing blog posts tagged with jobless

Congress: Do the Right Thing, Renew Unemployment Insurance Benefits

Since the House GOP left 1.3 million people out in the cold this holiday season when it refused to extend emergency unemployment insurance benefits, working families advocates, including President Barack Obama, are continuing to urge Congress to do the right thing. 

Call your representative today and ask him or her to renew the emergency unemployment insurance benefits: 877-318-0483.

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Senate Invokes Cloture on Unemployment Insurance Extension

The Senate reached cloture today on extending unemployment insurance for the 1.3 million jobless workers who were left out in the cold this holiday season by House Republicans who did not renew the emergency jobless benefits before the end of the year. 

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See Where the 1.3 Million People Losing Unemployment Aid Live

Map via Washington Post and the Committee on Ways and Means Democrats/Labor Department

The Washington Post and reporter Niraj Chokshi provide a sobering look at the 1.3 million people who lost emergency unemployment benefits last weekend when House Republicans left for the holiday break without renewing the aid for jobless workers. 

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The Correct Answer

Photo courtesy albertogp123

This time of year college students cram for final exams. They get graded in a very stark right-or-wrong fashion. Splitting the difference between a bad guess and the right answer is not rewarded. Unfortunately, Washington is locked in such a crazy struggle. Five years after Wall Street’s fall, the economy still is more than 1 million payroll jobs short of where things stood at the last peak of the labor market. Median household income is still below the peak, meaning more than half of America's households are behind where they were five years ago. The poverty level of America’s children is higher, and state and local revenues only recovered last fiscal year, leaving hundreds of thousands of fewer teachers and larger class sizes for our children. Our nation’s total output is more than $1 trillion less than where it would be if we could get to full employment. Clearly, the right answer to this set of problems is for massive government action to kick start the economy to address the woes of the American people.

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Jobless Rate Drops to 7%, with 203,000 New Jobs in November

Jobless Rate Drops to 7%, with 203,000 New Jobs in November

The nation’s unemployment dropped to 7% in November from October’s 7.3%, and the economy added 203,000 new jobs last month compared to the 204,000 new jobs in October, according to figures released this morning by the U.S. Bureau of Labor Statistics.

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'I Hate Being Unemployed'

Mike Licht,

"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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