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Showing blog posts tagged with jobless

10th Anniversary of Iraq War Reminds Us Veterans Face Jobs Crisis

Photo courtesy of the VoteVets Facebook page.

Ten years ago this week, the United States launched the invasion of Iraq. The nation remains divided on the wisdom, strategy and outcome of the war that claimed the lives of 4,488 U.S. service members and left more than 32,000 wounded.  

But there is one certainty—the men and women who honorably fought and served in Iraq and Afghanistan over the past decade have come home to an economy that works even less for them than it does others. Job loss, stagnant wages and a widening gap between working families and the wealthy and Wall Street are some of these problems.  

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North Carolina Republicans Ramp Up Attacks on the Unemployed

Photo of Gov. Pat McCrory courtesy Willamor Media

In a near party-line vote, the North Carolina House of Representatives gave preliminary approval to a bill that would harm many of the state's more vulnerable citizens by cutting back on unemployment insurance. The measure would cut maximum weekly benefits by one-third, bringing the top weekly payout to $350, and reduce the maximum length an unemployed worker can get from 26 weeks to 20. As the bill currently stands, 80,000 workers are set to lose unemployment insurance payments.

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157,000 New Jobs, but Jobless Rate Moves to 7.9%

157,000 New Jobs, but Jobless Rate Moves to 7.9%

While the nation’s economy added 157,000 new jobs in January, the job creation wasn’t enough to prevent the unemployment rate from slightly ticking up from December’s 7.8% to 7.9% last month, according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS).

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Millions of Unemployed Workers Face Threat of Jobless Aid Cutoff

Photo by Blue Jay Day/Flickr

Nearly 2 million long-term jobless Americans will lose their unemployment insurance lifeline just days after Christmas if Congress doesn’t act to renew the federal unemployment insurance program for job seekers out of work six months or longer. The program expires at the end of the year. Christine Owens, executive director of the National Employment Law Project (NELP), says if long-term jobless aid ends,

The basic economic security floor will be ripped from under two million unemployed workers.

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Jobless Rate Drops to 7.7% as 146,000 Jobs Added

The nation’s jobless rate dropped to 7.7% in November—down from October’s 7.9% and the lowest level since December 2008—as the economy added 146,000 new jobs last month, according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS). The 146,000 jobs created reflect 33 straight months of positive job growth.

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If Extended Unemployment Insurance Benefits Expire, Economy Will Lose 400,000 Jobs

If Extended Unemployment Insurance Benefits Expire, Economy Will Lose 400,000 Jobs

A study released by the Economic Policy Institute (EPI) finds that 400,000 jobs could be lost if Congress fails to extend the federally funded extended Unemployment Insurance (UI) benefits program when it expires at the end of 2012.  Unemployment benefits not only provide a lifeline to unemployed workers struggling to get by, but also provide critical support for the economy.  According to EPI, “economists widely recognize that extending unemployment benefits is one of the most effective tools for generating jobs in a downturn” because cash-strapped jobless workers immediately spend their UI benefits, and this spending generates activity throughout the economy.  EPI finds that if Congress refuses to extend UI, the unemployment rate will be 0.3% higher next year than it will be if Congress continues the program.

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October BLS Jobs Report: Workers Gain Confidence as Jobs Continue to Grow

The economy added 171,000 new jobs in October—the 32nd straight month of positive job growth—according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS). The nation’s unemployment rate was essentially unchanged at 7.9%, up slightly from September’s 7.8%. The labor force grew by more than half a million workers in October, which is a positive sign, as more workers are seeking and finding jobs. The number of discouraged and involuntary part-time workers has fallen since last year.  

The newly created jobs exceeded most economists’ predictions of 100,000 to 125,000 new jobs for the month. Also, September payrolls were revised to a gain of 148,000 from an initially reported 114,000, and August to 192,000 from 142,000.

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Florida Leads Race to the Bottom on Unemployment Compensation

Photo by Gage Skidmore, via Flicker Creative Commons

Americans faced with a tough economy face significant struggles when they lose their jobs. Since the 1930s, workers who are without jobs through no fault of their own have had the safety net of the unemployment compensation program to serve as a backup plan until they get back on their feet. Under new rules implemented by Florida Gov. Rick Scott and his allies in the state legislature, it's getting harder and harder for working families who have lost their jobs to obtain the unemployment compensation that they have earned.

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Jobless Rate Drops to 7.8% in September

The unemployment rate declined from 8.1% in August to 7.8% in September, with 114,000 jobs added last month, according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS). There has been positive private-sector job growth for more than two and a half years. AFL-CIO President Richard Trumka says this morning’s jobs report:

confirms that the economy is finally beginning to build some momentum, as we work to dig out of the devastatingly deep hole that President Obama inherited from George W. Bush and a generation of flawed policies.  Now we need the President and Congress to build on this momentum and keep their focus on job creation, including by passing the American Jobs Act. 

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Tell Us What You Think: What’s Wrong With the U.S. Economy? The Long Answer.

This is the second of a four-part series describing what went wrong with America’s economy and how to fix it. See Part 3 tomorrow and read Part 1: "Tell Us What You Think: What’s Wrong With the U.S. Economy? The Real Scoop"—and please leave a comment to tell us what you think. (Click the chart to enlarge.)

If the short answer is “we’re still recovering from the Crash of 2008,” the long answer is “there was obviously something wrong with the economy long before the Crash of 2008.” 

There were obvious warning signs during the Bush years that should have set off alarm bells.  Most importantly, wages and middle-class family incomes were dead in the water.  The median income for working-age families started falling in 2000 and never recovered during the 2001-2007 recovery.

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