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Young Workers Struggle to Find Jobs, Pay Student Debt

Campus Progress

"For Most Graduates, a Grueling Job Hunt Awaits," The Wall Street Journal writes today. Over the weekend, the New York Times sounded the alarm about employers' growing use of unpaid internships in fields that typically have never exploited free labor.

So, how bad is it for young workers?

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Krugman: Challenge to Nation's Economy Political, Not Technical

Krugman: Challenge to Nation's Economy Political, Not Technical

It’s not technically hard to put millions of unemployed workers back on the job—the real challenge is political, says Nobel Prize-winning economist Paul Krugman. Even returning the public-sector jobs that have been slashed at the state and local levels could lower the unemployment rate to nearly 7 percent or under, he said.

Krugman spoke this week at the Economic Policy Institute (EPI) and on a variety of media outlets around the nation to promote his new book, End This Depression Now! In short, says Krugman:

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Jobs Grow by 115,000 in April

Calculated Risk

Job growth in April rose by 115,000, above the 100,000 needed to keep up with new job entrants. The unemployment rate improved a tad, from 8.2 percent in March to 8.1 percent in April, as did the number of jobless, which declined from 12.7 million in March to 12.5 million in April, according to U.S. Department of Labor data released this morning. Some 14.5 million workers remain unemployed, underemployed or have given up looking for work.

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New Today: CEO Pay and the 99%

New Today: CEO Pay and the 99%

Moments ago, we launched the 2012 AFL-CIO Executive PayWatch site—now called CEO Pay and the 99%—which includes the most comprehensive data accessible on 2011 executive pay. All of the data available is searchable by industry, by state and by the top 100 highest-paid CEOs.

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Even Ariz. Businesses Oppose Parts of the Extreme Agenda Pushed in Phoenix

Is there anyone, besides the Goldwater Institute and ALEC, who supports the extreme political agenda of some Arizona lawmakers? If this story from The Huffington Post is any indication, the answer is no. Businesses and business groups, including the state Chamber of Commerce, have been vocal about their opposition to a bill that would require unemployed workers to submit to drug tests.

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Economy Adds 227,000 Jobs, But Jobless Rate Stays at 8.3%

The nation’s economy added 227,000 jobs in February, but the unemployment rate remained steady at 8.3 percent, according to the latest figures released this morning by the U.S. Bureau of Labor Statistics (BLS). The jobless rate has dropped by 0.8 percentage points since August and remains at its lowest point since February 2009

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1% Got 93% of U.S. Income in 2009-2010, More Long-Term Jobless Than Reported

More confirmation that the extremely rich are getting richer and those without jobs are suffering even more. In 2009 and 2010, the first year of the current “recovery,” the 1 percent captured 93 percent of U.S. income growth. Repeat: 93 percent of income growth went to the 1 percent.

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UI Benefits Extension Doesn’t Share Sacrifice

The House (293-132) and the Senate (60-36) passed legislation today to extend federal unemployment insurance (UI) benefits and the payroll tax cut. UI benefits were set to expire Feb. 29 and the legislation that President Obama will sign extends the program for the nation’s nearly 13 million jobless workers through the end of the year.

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Tentative Deal Reached on Jobless Aid/Payroll Tax Cut

While unemployment insurance (UI) is running out for nearly 13 million unemployed workers, congressional Republicans have spent their time pushing a UI  extension that included harsh and punitive requirements for jobless workers such as requiring unemployed workers to pay for re-employment services, acquire a high school degree, undergo drug testing and more. They also called for cutting 40 weeks of benefits from the unemployed.

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UI Deadline Approaching, Jobless Tell Lawmakers ‘Walk a Mile in My Shoes’

If Congress doesn’t act and renew unemployment insurance benefits for the nation’s jobless workers by Feb. 29, millions of workers like Kenny Wilkes will be left without a vital lifeline to keep their families head above water.

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