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Showing blog posts tagged with jobless

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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Report: 73.4 Million Young Workers Jobless in 2013

Report: 73.4 Million Young Workers Jobless in 2013

A stunning 73.4 million young workers are estimated to be jobless in 2013, an increase of 3.5 million between 2007 and 2013, according to an International Labor Organization (ILO) report released Wednesday. Even worse, the number of unemployed young workers is likely to increase through 2018, with the long-term impact felt for decades, the report forecasts.

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Jobless Rate Dips to 7.5%, as Economy Adds 165,000 New Jobs

Jobless Rate Dips to 7.5%, as Economy Adds 165,000 New Jobs

The nation’s economy added 165,000 new jobs in April while the jobless rate dropped to 7.5% from March's 7.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS).

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The Cost of European Austerity Measures: 10 Million Newly Jobless

U.S. lawmakers and policymakers who are pushing extreme austerity measures and spending cuts over job-creating investments as the magic path to economic stability should take a long hard look at what’s happened to the nations of the European Union (EU) that have imposed strict fiscal austerity policies.  Unemployment has soared, according to a new report on the EU labor market from the International Labor Organization (ILO).

There are more than 10 million more jobless people in Europe now than at the start of the crisis. There are now more than 26 million Europeans without jobs, with young and low-skilled workers being the hardest hit.

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Jobless Rate Continues Downward Trend, but Job Growth Slows

Jobless Rate Continues Downward Trend, but Job Growth Slows

The nation’s economy added just 88,000 new jobs in March while the jobless rate dipped to 7.6% from February’s 7.7%, according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS).

While the 88,000 jobs created reflect 36 straight months of positive job growth, during the previous 12 months job growth had averaged about 169,000 a month. The small number of new jobs also shows how important it is that Congress repeals the sequester to stop any additional job loss in the public and private sectors. These across-the-board cuts will cost more than 750,000 jobs this year alone and could derail the economic recovery.

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Trumka: Austerity Only Weakens the Economy

Trumka: Austerity Only Weakens the Economy

Calling sequestration “just a fancy word for a dumb idea,” AFL-CIO President Richard Trumka says the 750,000 job-killing, across-the-board budget cuts and other moves toward fiscal austerity will “further weaken the economy and cost jobs” and make even worse “the crisis of mass unemployment. Millions of Americans who want to work cannot find jobs.”

Writing in a special report in The Hill on jobs and the economy, Trumka says:

On some days, it seems like all of official Washington is racing to embrace the most destructive consensus since the Iraq war.

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