unemployment

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America's New Jobless: Glut of Science PhDs

Science jobs declining as PhDs surging

(Newser) - President Obama, like a lot of politicians and pundits, likes to say that America's future lies with science, advocating for more young people to go into research. But the truth is that the supply of PhDs has been vastly outpacing the job market for years, resulting in a glut,...

Obama, Romney Trade Fire on Jobs Report

It's a 'kick in the gut' or a 'step in the right direction'

(Newser) - It's the first Friday of the month, which means President Obama and Mitt Romney are trading accusations about a weak jobs report :
  • Obama: The jobs growth may be tepid, but "it's a step in the right direction," he said in Ohio. "It's still tough
...

Just 80K New Jobs: Unemployment Sticks at 8.2%

June jobs report bad news for Obama

(Newser) - Experts had estimated 100,000 new jobs last month, but the June jobs report shows just 80,000 added, the Wall Street Journal reports. The unemployment rate remained unchanged at 8.2%—and neither number is good news for President Obama. Even 100,000 new jobs would have been "...

Unemployment Taking Toll on Middle-Aged

Rate of those jobless over long term is 'unprecedented'

(Newser) - The unemployment rate among younger workers may be higher, but economists are equally worried about those who are middle-aged and out of work, reports the Wall Street Journal . That's because the years between 45 and 60 should be prime earning years, a time when parents might well be trying...

2010 Clinton Speech Could Trip Obama Today

Because he's giving his speech today in the same place

(Newser) - President Obama is set to give a speech in Ohio today, but his choice of venue might prove kind of awkward. Bill Clinton spoke at the same Cleveland-area community college ahead of the 2010 elections, USA Today points out, and he said these unwise-in-hindsight words: "We found a big...

Wages Flat Since Obama Took Office

It could be big topic tomorrow, as Romney declares 'talk is cheap'

(Newser) - Wages have stayed virtually frozen since President Obama took office, a fact that Politico notes is starting to get some traction on the campaign trail. When adjusted for inflation, the average hourly wage has crept up a meager 42 cents to $23.41 since 2008. High unemployment is a factor,...

Jobs Report as Bad as Can Be
 Jobs Report as Bad as Can Be 
OPINIONs
Jun 1, 2012 12:43 PM CDT

Jobs Report as Bad as Can Be

And it's very bad news for the White House

(Newser) - You don't have to look at the sinking Dow—which is now in negative territory for the year—to get a sense of just how bleak today's jobs report was. A glance at financial blogs offers a depressing reminder:
  • Felix Salmon, Reuters : It's "about as bad
...

Dow Plummets 200+ Points
 Dow Plummets 200+ Points 
Jun 1, 2012 10:07 AM CDT

Dow Plummets 200+ Points

Weak jobs report leads to market troubles

(Newser) - The Dow's gain for the year is gone, thanks to today's terrible jobs report . The Dow fell more than 200 points following the report, according to the AP . At 11am EDT, it was at 12,170, down 224 points. That's a loss of about 0.3% for...

Unemployment Back Up to 8.2%
 Unemployment Back Up to 8.2% 
Jun 1, 2012 7:39 AM CDT

Unemployment Back Up to 8.2%

And US employers added just 69K jobs

(Newser) - Today's jobs report brings very unwelcome news: US employers added just 69,000 jobs last month, the lowest number in a year, and the unemployment rate ticked up to 8.2% from April's 8.1%, the first increase in 11 months. The Labor Department also had grim news...

20K Apply for 877 Hyundai Jobs in Alabama

Some 7K may get interviews

(Newser) - A sobering reminder of continuing unemployment: There are 877 jobs available at an Alabama Hyundai plant—and almost 20,000 people had applied for them by early last week. The number of applications forced the plant to stop accepting applications May 18, weeks before the June 2 due date. Now...

The Jobless Stat You Should Worry About

People in their prime working years aren't finding jobs

(Newser) - The unemployment rate may be improving, but that doesn't mean the job market is, and there's one group in particular that's having an alarmingly hard time finding work: People in their prime working years. Only 75.7% of people aged 25 to 54 have jobs, the Washington ...

500K Jobless Lose Benefits Earlier Than Expected

...in just the first 6 months of 2012

(Newser) - Come June, about 70,000 people will lose long-term unemployment benefits sooner than they expected, bumping the number of people who've had the rug pulled out from under them in the first six months of the year to nearly 500,000, the New York Times reports. Congress renewed its...

Romney Promises 6% Unemployment

First term would bring a vast improvement, he assures 'Time'

(Newser) - Talk about an ambitious campaign promise: Mitt Romney today assures the American people that should he be elected, the unemployment rate would fall to 6% during his first term. "I can tell you that over a period of four years, by virtue of the policies that we'd put...

Youth Unemployment Near 2009 Peak

May not change before 2016 worldwide

(Newser) - Overall jobless numbers may be showing some improvement, but among youths worldwide, things are nearly as bad as they were at their 2009 peak. Some 12.7% of people ages 15 to 24 —almost 75 million youths—are set to be unemployed this year, the International Labor Organization says....

236K Lose Jobless Benefits
 236K Lose Jobless Benefits 
May 14, 2012 9:53 AM CDT

236K Lose Jobless Benefits

Some of country's hardest hit states see benefits expire

(Newser) - Unemployment benefits abruptly dried up for 236,300 people this weekend, as federal support for the long-term unemployed expired in some of the country's hardest-hit states. Thanks to a law Congress passed in February, long-term benefits are being scaled back from 99 weeks to 79 weeks, the Hill explains....

Unemployment Falls to 8.1%, but News Not All Good

Just 115K jobs added in April: jobs report

(Newser) - The unemployment rate fell to 8.1% in April, the lowest it’s been since January 2009, the Wall Street Journal reports. But that still gets an "ouch" from blogger Steven Russolillo since just 115,000 jobs were added, when as many as 168,000 had been expected. "...

Spain Sinks Back Into Recession

Unemployment tops 24%, officials committed to further cuts

(Newser) - Hot on the heels of Britain's slide back into recession , now Spain is officially in its second recession in three years, reports the BBC . Spain's National Statistical Institute said the economy shrank 0.3% last quarter, following a 0.3% contraction in the fourth quarter of 2011. As...

Walker's Wisconsin Lost Most Jobs in Nation

Statistic expected to boost recall effort

(Newser) - Wisconsin Gov. Scott Walker's efforts to keep his job took a hit this week by way of a report showing how many voters lost theirs. Between March 2011 and March 2012, the state lost 23,900 jobs, more than any other state in the nation, according to the Bureau...

Smile: People Are Quitting Their Jobs

It's a sign of economic confidence

(Newser) - February saw 2 million Americans quit their jobs—the most since November of 2008. And that's a very good sign for the rest of us, the Wall Street Journal notes. Quitting points to confidence in the economy, analysts say: If people don't think they'll be hired elsewhere,...

Romney Misleads With Women Jobs Stat

 Romney 
 Misleads With 
 Women Jobs Stat 
Fact Check dept.
Apr 12, 2012 11:11 AM CDT

Romney Misleads With Women Jobs Stat

His 92.3% number is technically correct, but missing context

(Newser) - As part of his recent bid to appeal to women, Mitt Romney deployed what he called an "amazing statistic," saying that "92.3% of all the jobs lost during the Obama years have been lost by women." If that made your eyebrows climb your forehead, you'...

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