For young adults, the prospects in the workplace, even for the college-educated, have rarely been so bleak. Apart from the 14 percent who are unemployed and seeking work, as Scott Nicholson is, 23 percent are not even seeking a job, according to data from the Bureau of Labor Statistics. The total, 37 percent, is the highest in more than three decades and a rate reminiscent of the 1930s. (more)
Census officials waded into the online comments section of the New York Post on Wednesday to refute claims that the Census Bureau has been gaming its employment figures. (more)
In his State of the Union speech President Obama claimed that, “Jobs must be our number one focus in 2010.” No surprise, since for months the Bureau of Labor Statistics has shown the unemployment rate to be hovering dangerously close to 10 percent. Revised BLS numbers to show additional jobs losses in December and January with 363 out of 372 metropolitan areas in the U.S. reporting that they lost jobs in January. (more)
California’s unemployment rate reached a new high in March, hitting 12.6%, bolstering fears that joblessness will remain a persistent problem for the foreseeable future. The state’s unemployment rate in February was 12.5%. (more)
It has been a rough two weeks for Republicans. First, health care reform passes. Then, the news that the RNC mistakenly reimbursed funds for dining at an adults-only venue. Next came the positive job numbers released from the Bureau of Labor Statistics. (more)
In March, employers added 162,000 jobs while the unemployment rate remained constant at 9.7 percent. The report contains some good news for the labor market, as hiring kept pace with an increase in the overall labor force. Hours of work were also up, indicating that the labor market has bottomed out and is beginning to expand again. The labor market in January and February was revised upwards, with January showing positive employment growth while job losses in February were pared down. (more)
On a recent Fox News debate about health insurance, Democratic political strategist Bob Beckel explained that, “The president needed an enemy, and the insurance companies are it.” (more)
Congress believes it has the solution to America’s epidemic of joblessness: a so-called jobs bill whose centerpiece is a tax credit for companies that hire one of the 15 million unemployed. (more)
The annual Union Members Summary—the U.S. labor unions’ own State of the Union—encourages us to assess the state of the unionized workforce. And, much like the profit margins and job-loss the rest of America has experienced, the construction union outlook proves no better. (more)
On Friday, the Bureau of Labor Statistics (BLS) reported that a total of 8.4 million jobs were lost since the start of the recession — revising down almost a year’s worth of survey data by adding 1.4 million lost jobs to a previous estimate of 7 million. Also Friday, BLS released a seemingly contradictory figure, that the unemployment rate fell to 9.7 from 10 percent. (more)
A lot has been made on the left of the recent Supreme Court decision to allow corporations to exercise their First Amendment rights to free speech and participate in federal elections. (more)
Congress and President Obama may tackle the controversial issue
of immigration reform as soon as the fall of 2009. If past
congressional debates are any guide, one point of contention will
be the impact of reform on the American underclass. (more)
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