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Showing blog posts tagged with unemployment

Here's What You Said: 2012 Presidential Debate

Romney's plan to balance the budget is to cut Big Bird's funding.

We learned a lot of things about Mitt Romney during last night's debate. Not only does he want to continue the failed economic policies that brought on the recession in the first place, but he also wants to hand our feathered friend Big Bird the pink slip to continue tax breaks for the wealthiest people (the math doesn't add up). The candidates talked a lot about taxes, education and social insurance programs, but what we really enjoyed about the debates last night was listening to working people on Twitter and on our AFL-CIO Now blog's live chat

Read the entire live chat thread below and check out some of the top comments and insights from our readers:


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

This is the first of a four-part series describing what went wrong with America’s economy and how to fix it. See Part 2 tomorrow—and please leave a comment to tell us what you think. (Click the chart to enlarge.)

The Great Recession officially ended more than three years ago, but working families know there’s still something wrong with the U.S. economy.  If we want to fix our economy, we first have to understand what’s wrong with it. (Click chart on the left to enlarge). 

Starting today, in a series of four posts and infographics, we’ll spell out what we see as the short-term and long-term causes of our economic problems and we’ll point to specific solutions.

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Jobless Rate Declines from 8.3% to 8.1%, 96,000 Jobs Added in August

The unemployment rate declined from 8.3 percent in July to 8.1 percent in August, with 96,000 jobs added last month, according to data out this morning from the U.S. Bureau of Labor Statistics.

The improvement in the unemployment rate was due to workers dropping out of the labor force, not to an increase in employed workers, according to the Economic Policy Institute (EPI). 

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Jobs Crisis Spreads to Young Workers Worldwide

Young workers in the euro zone have been among the hardest hit by the global economic crisis, and now even those in regions like East Asia, where economies have remained strong through the recession, are struggling to get jobs, a new International Labor Organization (ILOreport shows (click chart to enlarge).

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A Growing Problem for All Families: Student Loan Debt

Today college graduates face crippling amounts of student loan debt.

Jessica Camacho is a policy intern at the AFL-CIO headquarters in Washington, D.C.

As a low-income and first-generation college student in my family, the subject of student loans has been a matter of acute concern to me. High school counselors constantly told me that student loans are “good debt.” This type of information made it justifiable for peers in similar socioeconomic situations to borrow federal and private loans. But lenders take advantage of first-time borrowers by failing to explain in full detail future payment plans, which may cause individuals to be fiscally unprepared for post-graduate life. Current student debt trends must be fixed in order to stop setting up graduates for a lifetime of financial struggles.

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1 Job for Every 3.4 Jobless Workers—Skills Shortage Isn't the Problem

Republicans in Congress and the Beltway pundits who parrot them like to say the nation's unemployment crisis is in large part due to workers' lack of skills.

Once again, a new report shows they are wrong.

Data out yesterday show that although the number of jobs is increasing, there still are far fewer jobs per worker available.

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End of Extended Jobless Benefits Hits More Than 500,000

Photo by Robert Bruce Murray III // Sort Of Natural/Flickr

This month marks the end of the federal extended unemployment insurance benefits program for 35 states with the nation’s highest jobless rates. More than half a million long-term jobless workers have lost their unemployment lifeline. Chad Stone of the Center on Budget and Policy Priorities (CBPP) says:

As we’ve explained previously, EB [extended benefits] will no longer be available in any state, not because most states’ economies have improved to anywhere near pre-recession conditions, but because they have not significantly deteriorated in the past three years.

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163,000 Jobs Created in July, Jobless Rate Ticks Up to 8.3%


Some good news on the job front: 163,000 jobs were created in July, although the unemployment rate ticked up from 8.2 percent in June to 8.3 percent last month. So far this year, employment growth has averaged 151,000 per month, roughly the same as in 2011, according to Department of Labor data released this morning (click on chart to expand).

The big rise in jobs—many analysts expected 100,000 jobs or fewer would be created in July—is a good step toward economic recovery. But the July data also include several indicators showing difficulties in recovering gains lost since the recession. For instance, long-term jobless workers—those without work for 27 weeks or more—continue to see little change, with 5.2 million remaining unemployed. They account for 40.7 percent of jobless workers.

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Unions and Community Groups Launch Justice for School Workers Campaign in Georgia

Georgia workers rally against unfair denial of unemployment benefits.

Relying upon a bogus interpretation of federal law and regulations, the state of Georgia has begun to deny seasonal workers the unemployment insurance (UI) benefits they have received for 16 years during their off seasons. Thousands of workers are affected—contract school bus drivers, bus monitors, longtime crossing guards, cafeteria cooks, janitors, landscapers and teachers in private religious schools. 

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