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Showing blog posts tagged with unemployment

Report: 202 Million People Out of Work in 2013

Report: 202 Million People Out of Work in 2013

Nearly 202 million people were unemployed in 2013 around the world, some 5 million more than in 2012, because the number of jobs is not keeping pace with the growing workforce. As the world’s elite meet in Davos, Switzerland, this week to discuss global economics, the International Labor Organization released its annual jobs report, showing how much work must be done to ensure workers can support themselves and their families.

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Economic News Roundup

Economic News Roundup

The Economic Policy Institute (EPI), the Center on Budget and Policy Priorities (CBPP), the Center for American Progress (CAP), the Center for Effective Government and Salon have released important research about the economy in the last few weeks. Here's a look at some of the key pieces they have uncovered about the U.S. economy.

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#NotRecovered:Telling Our Stories About the Economy

#NotRecovered:Telling Our Stories About the Economy

Maybe the economy has “recovered” for the comfortably wealthy—but not so much for regular working people, who still contend with high unemployment and stagnant—or falling—wages. Yet conservatives in Congress are determined to destroy the safety net progressive and union activists have worked hard to expand since the recession began.

Working people need Congress to focus on jobs, not cuts. So the Oregon AFL-CIO is lifting up the voices of working families, and everyone is invited to help.

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House Passes Lopsided Budget Deal

House Passes Lopsided Budget Deal

In a 332–94 vote, the U.S. House passed a bipartisan budget deal Thursday night that averts another government shutdown and temporarily relieves some sequestration budget cuts but leaves long-term jobless workers out in the cold and inflicts further harm on federal workers, who have sacrificed more than enough to budget-cutting already.

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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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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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