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 . '/' . substr('9780140231199',-6,3) . '/' . '9780140231199' . '.jpg'; ?>)
By Gore Vidal
$17.00
By Elliot D. Cohen
$39.10
$35
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Bytemarks (CC BY 2.0)
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New research from the Federal Reserve Bank of San Francisco shows that long-term jobless people whose unemployment benefits were extended at the start of the recession did not become unwilling to work.
Posted on May 9, 2013
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Elvert Barnes (CC BY 2.0)
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The recession has left tens of thousands of young people with inadequate or no jobs struggling to find a home, even if they possess college credits or work histories.
Posted on Dec 21, 2012
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By Robert Reich — We’re still crawling out of the deep crater we fell into in 2008 and 2009. The percent of the working-age population now working or actively looking for work is higher than it was, but still near a 30-year low. But at least we’re crawling out.
Posted on Oct 5, 2012
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ansik (CC BY 2.0)
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Economics reporter David Cay Johnston takes an accounting of American wages, personal debt, national income from manufactured exports and tax revenue both today and 10 years ago, and concludes the U.S. needs a new set of fiscal policies.
Posted on Jun 22, 2012
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Flickr / edEx
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The first month of 2012 turned out to be the best in three years in terms of the ongoing unemployment crisis in the U.S. Although 8.3 percent is nothing to get too excited about, it was supposed to tally up at 8.5 percent for January, so we’ll take it.
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This study by Indiana University’s School of Public and Environmental Affairs examines the impact of the Great Recession and its aftermath on poverty in America.
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WeMeantDemocracy (CC-BY)
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The number of Americans living in poverty has grown by 27 percent, or 10 million people, since the beginning of the “Great Recession” in 2006, according to an Indiana University study. And because of continued cuts to welfare programs and an increase in new, poorly paid jobs, those figures will continue to rise.
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AP / Alex Brandon
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November’s dip in the official unemployment rate is nothing to clap about. Scrutiny of the details reveals that the new figure of 8.6 percent is due mostly to 315,000 Americans dropping out of the search for work, and most of the newly created positions were low-paying ones. That includes temporary jobs created to support the spike in commerce that comes with the holiday season. (more)
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AP / Richard Drew
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The stock market is revisiting last week’s extreme volatility, with the Dow Jones average plummeting 471 points in the first two hours of trading Thursday. (more) Update: At the closing bell, the Dow was down about 419 points, 3.7 percent, to roughly 10,990.
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Flickr / getfrank.
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Like a recalcitrant and over-sugared child, U.S. unemployment figures just won’t settle down. The country’s jobless rate ticked up to 9.8 percent in November, a world away from economic recovery.
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Flickr / brmurray
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The U.S. economy tacked on 431,000 new jobs in May, the biggest monthly jump in a decade, but most of those were people hired for the 2010 census count, and those jobs will vanish after the summer.
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Bureau of Labor Statistics
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Analysts are looking at February as a not-so-bad month for unemployment, with the U.S. economy losing fewer jobs than expected for the month, while the unemployment rate remained stubbornly high at 9.7 percent.
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Flickr / edEx
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Another indicator that Congress needs to get to work on the country’s pressing unemployment problem came in the form of a Labor Department report showing a spike in the number of first-time filers for unemployment benefits last week, according to The Associated Press.
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ProPublica
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ProPublica reports that after paying out unemployment benefits to a record 20 million people, 25 states ran out of funds and now must borrow, tax and slash to keep the checks in the mail. Find out how your state is doing with this handy tool.
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wfxl.com
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In a sign that the U.S. economy’s two-year job-molting cycle might be coming to an end, the Labor Department reported Friday that just 11,000 American jobs were lost in November and that the unemployment rate had fallen back to 10 percent.
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connectedmichigan.com
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In news that President Barack Obama described as “sobering,” the U.S. unemployment rate in October broke into the double-digit range, with 10.2 percent of Americans without jobs, the highest rate since April 1983.
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wfxl.com
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Economic news and pessimistic views: U.S. unemployment increased slightly to 9.8 percent and, moreover, this figure shows the crisis is far from over, experts say. Joblessness is at a 26-year high.
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wordpress.com
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It’s a vicious circle: Millions of job cuts and shrinking household incomes combined to push more Americans below the poverty line last year. Nearly 40 million Americans now officially live in poverty.
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theinsanityreport.com
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Just as the Labor Day weekend arrives comes word that the U.S. economy shed another 216,000 jobs last month, pushing the unemployment rate up to a 26-year high of 9.7 percent.
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wfxl.com
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Talk of an economic rejuvenation in recent weeks got a sobering smack in the face Friday as California’s jobless figures were released. The Golden State’s unemployment rolls reached 11.9 percent in July, a post-World War II high.
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southwestga.com
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Woe is still the economy, but several numbers are indicating that the recession might, just might, be easing up. The pace of U.S. job losses has gradually slowed, and the unemployment rate actually dropped in July for the first time in over a year.
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Flickr / ifindkarma
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In the midst of a recession with continuously rising unemployment, Vice President Joe Biden and Attorney General Eric Holder announced Tuesday that the government will hand out $1 billion in grants to law enforcement agencies across the country. The money will go toward hiring and rehiring police officers in all 50 states.
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L.A. Times / Alana Semuels
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More bad news on the economy front. California reported Friday that its statewide unemployment rate increased in June, leaving 11.6 percent of Californians without work while shedding 66,500 jobs in only 30 days.
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tribunahispanausa.com
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You know things are bad when 345,000 Americans lose their jobs and that is seen as a positive sign. According to The New York Times, the fact that the toll on employment in May was not as profound as expected amplifies hopes of recovery.
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AP photo / Frank Franklin II
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The employment market and the stock market both took major hits Thursday, with new jobless claims registering as high as 627,000 and market indicators like the Dow Jones industrial average and the Nasdaq composite index dipping alarmingly low.
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howstuffworks.com
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In what one economist has called the “strongest evidence yet” that the U.S. is in recession, the country’s jobless rate has grown 0.5% since April, the largest monthly jump in more than 20 years. The unemployment rate has been steadily rising this year, with 324,000 jobs lost since January.
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