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Showing blog posts tagged with jobless

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

chart-jobs-080312_monster

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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Decline of Good Jobs Tied to Workers’ Decreased Bargaining Power

Many U.S. workers don’t have jobs—nearly 13 million. Less known, however, is that many more don’t have good jobs—fewer than one-quarter of America’s workforce, according to a new report from the Center for Economic and Policy Research (CEPR). The center defines a good job as one that pays at least $18.50 an hour, or $37,000 per year, equal to the inflation-adjusted earnings of the typical male worker in 1979.  A good job also includes employer-provided health insurance and a retirement plan (click on chart at left to expand).

The lack of available good jobs is not new. As CEPR finds, compared with 1979, the U.S. economy has lost about one-third (28 percent to 38 percent) of its capacity to generate good jobs.

But why?

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Metro Jobless Rates for African Americans, Latinos in Double Digits Through 2011

Metro Jobless Rates for African Americans, Latinos in Double Digits Through 2011

African American workers’ jobless rate in 2011 hovered between 9.7 percent and 22.6 percent in 19 major metropolitan areas, according to new data from the Economic Policy Institute (EPI). Overall, the black unemployment rate was two to three times as high as that of whites. EPI also found that the 2011 unemployment rate among Latino workers was higher than 10 percent in 17 of 25 metro areas.

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Fewer Available Jobs for Workers in April

Whether a blip or a (bad) new trend, data showing the number of U.S. job seekers is rising, compared with jobs available, should light a fire under Republicans in Congress to move a jobs creation package.

New data released today show the Job-Seekers Ratio increased in April to 3.7 workers for every 1 job from March’s ratio of 3.4 workers for every one job. 

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In North Carolina, Working America Stands Up for the Unemployed

In the midst of a terrible jobs crisis, there are those in North Carolina who seek to cut assistance for those who have lost their jobs. That’s just plain wrong.

Currently, North Carolina’s Chamber of Commerce seeks to restrict unemployment benefits by reducing the maximum weekly income from $506 to $350. In addition to the monetary cut, the time allowed to receive benefits could be reduced from 26 weeks to 20 weeks. The restriction of unemployment benefits will devastate hundreds of thousands of families who are actively looking for work.

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69,000 Jobs Created in May

Truthout

Jobs increased by only 69,000 in May, well below the 100,000 per month needed just to keep up with new job entrants, according to data the U.S. Bureau of Labor Statistics released this morning and far from the 226,000 average number of new jobs created in the first three months of the year. The unemployment rate worsened from 8.1 percent in April to 8.2 percent in May.

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Pa. AFL-CIO Reaches Out to Help Jobless

The Pennsylvania AFL-CIO partnered with the United Way of Erie County last week to host an unemployment resources fair for jobless workers as part of Project Back on Track, a new program intended to help the unemployed. Pennsylvania AFL-CIO President Richard Bloomingdale says several more resource fairs are planned around the state.

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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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