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Tag: Jobs

Bernanke
AP / Susan Walsh

Bad News Bernanke Strikes Again

As if the last couple of years haven’t been brutal enough, here comes Federal Reserve Chairman Ben Bernanke with the exasperating news that the job market isn’t going to markedly improve for “several years.”

Posted on Feb 9, 2011 READ MORE



Truthdigger of the Week: Christine Yvette Lewis and Domestic Workers United

You may have caught sight of Christine Yvette Lewis setting Stephen Colbert straight with lines such as “Woman’s work is real work and it should be compensated.” Lewis is a working nanny and member of Domestic Workers United, a group that organizes the “invisible work force” of in-home cleaners and caregivers.

Posted on Feb 4, 2011 READ MORE


Unemployment
Wikimedia Commons

The Job Market Takes a Snow Day

Bad weather put a damper on hiring in January as the U.S. economy added just 36,000 jobs. Still, the unemployment rate dropped to 9 percent from December’s 9.4 percent, but that may be because many job-seekers simply gave up looking.

Posted on Feb 4, 2011 READ MORE



Flickr / John D. Carnessiotis (CC-BY)

Don’t Blame Workers for the Crimes of the Wealthy

According to The New York Times, “What’s Broken in Greece” is that the cost of labor in Greece from 2005 to 2010 has been, on average, 25 percent higher than in Germany. (more)

Posted on Jan 31, 2011 READ MORE


From Quality to Quantity—and Maybe Back Again

Amid last week’s flood of business news, one story stood out as reason to hope for more than just a momentary uptick in your 401(k): Apple, you may have heard, announced record first-quarter profits.

Posted on Jan 28, 2011 READ MORE



Flickr / Mike Licht (CC-BY)

Obfuscating Unemployment

During the Great Depression, high rates of unemployment prevailed for 11 years. The experience of seeing a free market system drive itself into a rut that it cannot pull itself out of is nothing new. And we have long known the solution.

Posted on Jan 27, 2011 READ MORE



From the website of Atlantis Resources

The Global Rush for Green Jobs

This line from a BBC article about a $150 million tidal power project that will be partially built and deployed in India speaks to the highly competitive global market for the jobs of the future: “As much of the manufacturing as possible will take place in Gujarat, taking advantage of the skills base in India’s booming wind turbine industry.”

Posted on Jan 19, 2011 READ MORE



Flickr / Thomas Anderson (CC-BY)

Chinese Workers Are Not the Enemy

American workers need jobs and access to the Chinese market, and Chinese workers need jobs and technology. Volvo provides a model of how we can make both sides happy. (more)

Posted on Jan 19, 2011 READ MORE


My Dream

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Posted on Jan 17, 2011 READ MORE    



AP / Hassene Dridi

Tunisian Protests Turn Deadly

Protests over unemployment have led to the deaths of eight people in Tunisia. The government said police opened fire in self-defense after rioters took to destroying public buildings in the northwestern towns of Thala and Kasserine.

Posted on Jan 9, 2011 READ MORE



AP

Riots Rock Algeria Over Prices, Jobs

Protests erupted in the Algerian capital of Algiers and several other cities this week as people took to the streets over a doubling of food prices and a stubborn 25 percent unemployment rate.

Posted on Jan 7, 2011 READ MORE


unemployment office
Flickr / clementine gallot

Jobless Rate Drops as People Give Up Looking

Bad news on the U.S. job front: While the country’s unemployment rate took its biggest drop since April 1998, the decrease was due not so much to a recovering economy, but to the fact that 260,000 people have given up looking for work.

Posted on Jan 7, 2011 READ MORE


These Public Employees Are Not Overpaid

While Wall Streeters continue to rake it in, there’s a movement afoot to redirect the public’s rage against the humble public employee. These hardworking folks don’t look like the greedy opportunists they’ve been smeared as.

Posted on Jan 6, 2011 READ MORE


Welcome Home

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Posted on Jan 3, 2011 READ MORE



AP / Karel Navarro

Obama Resolves to Fix the Economy

In his weekly radio address Saturday, President Obama committed himself in 2011 to improving the economy, creating jobs and strengthening the middle class. Here’s to a New Year’s resolution that hopefully won’t be broken.

Posted on Jan 1, 2011 READ MORE


Why the ‘Lazy Jobless’ Myth Persists

During the recent fight over extending unemployment benefits, conservatives trotted out the shibboleth that says the program fosters sloth.

Posted on Dec 17, 2010 READ MORE


One-Man Fire Brigade

Ben Bernanke may or may not succeed in saving the economy, but at least he has the courage to try—and the honesty to tell the truth. The same cannot be said of our elected officials.

Posted on Dec 7, 2010 READ MORE


Unemployment
Flickr / getfrank.

Joblessness Ticks Higher in November

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.

Posted on Dec 3, 2010 READ MORE



Flickr / Hector Lopez-Berges

Ailing Spanish Economy Seeks a Cure

Awash in debt and 20 percent unemployment, the Spanish government on Friday approved an austerity package aimed at reviving its moribund economy.

Posted on Dec 3, 2010 READ MORE



Flickr / Daniel Lobo (CC-BY)

Unemployment Benefits Run Out

Just in time for Christmas, unemployment benefits, which average $302.90 a week, are starting to run out for about 2 million Americans. Unless Congress acts, more will join their ranks. The Washington Post reports on what it’s like to tell your 9-year-old there aren’t going to be presents this year.

Posted on Dec 1, 2010 READ MORE


Rudolph the Unemployed Reindeer

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Posted on Nov 28, 2010 READ MORE



Flickr / Lacie Babenco (CC-BY-SA)

GM’s Big Day

The troubled, bankrupted, bailed-out, reinvented automaker had a record day on Wall Street, potentially raising $23.1 billion, and the White House is breathing a sigh of relief. But as the BBC’s Paul Adams cautions, it will be a while before the taxpayers get their money back.

Posted on Nov 18, 2010 READ MORE



AP / Amy Sancetta

Wee Bit of Good News on the Job Front

Two things are a given at the beginning of every month: The rent comes due and U.S. employment figures are released. Regarding the latter, the economy added 151,000 jobs in October, reversing a trend of four months of job losses but not enough to cut into the stubborn 9.6 percent national unemployment rate.

Posted on Nov 5, 2010 READ MORE


Warhol painting
AP / Sang Tan

U.S. Economy Quickens Its Pace

The U.S. economy had a bit of a pickup during this year’s third quarter, showing growth of 2 percent. Meanwhile, the housing market remains limp and high unemployment recalcitrantly hovers at 9.6 percent.

Posted on Oct 29, 2010 READ MORE


Obama Does ‘The Daily Show’

Jon Stewart was respectful but tough as the president defended his accomplishments and made the case for his party. Highlight of the night: President Obama said “Larry Summers did a heckuva job ...” to which Stewart replied, “You don’t want to use that phrase, dude.”

Posted on Oct 28, 2010 READ MORE


Will Black Voters Respond to Obama’s Needs?

With African-Americans, the president’s appeal has been simple and direct: “I need you.” The response he gets from black voters may determine the outcome of some of November’s key races.

Posted on Oct 11, 2010 READ MORE



Flickr / edEx

Job Cuts Outpace Hiring

What’s bad? September saw 159,000 public sector employees laid off. What’s worse? A good number of those layoffs were teachers, as private sector hiring failed to keep pace with job cuts by federal and local governments.

Posted on Oct 8, 2010 READ MORE


Look Who’s Killing Jobs Now

Republicans like to denounce President Obama and congressional Democrats for what they describe as “job-killing” policies. But in those red-hot rhetorical terms, congressional Republicans are guilty of mass murder when it comes to job creation.

Posted on Sep 30, 2010 READ MORE



Flickr / Vinoth Chandar (CC-BY)

China vs. the House of Representatives

Although the measure has almost no chance of passing the Senate, the House voted 348-79 to give President Obama the power to put tariffs on all Chinese imports. The legislative hissy fit is clearly intended to sate economically vulnerable voters who view China as a jobs threat.

Posted on Sep 29, 2010 READ MORE



AP / Franklin Reyes

Cuba by the Numbers

Fidel Castro recently told The Atlantic that the Cuban model does not work anymore, not even for Cuba. But according to statistics collected by none other than the CIA, the Cuban model has actually worked very well.

Posted on Sep 29, 2010 READ MORE


Mr. Colbert Goes to Washington

After spending a day as a migrant farmworker, farceur Stephen Colbert hit Congress to testify about his experience. Media outrage ensued, but as Firedoglake points out, Colbert has done more for the powerless in this instance than any of the “blow-dried idiots that sit around the White House press room.”

Posted on Sep 26, 2010 READ MORE



Flickr / Michael Mulvey (CC-BY)

Democrats Celebrate Small Business Victory

After much fuss, congressional Democrats managed to push through a modest jobs bill that will have to do in the place of anything grander with which to campaign. The package of tax breaks and cash is directed toward small businesses, with the hope of creating employment.

Posted on Sep 23, 2010 READ MORE



Waiter, There’s Porn in My Slideshow

Why you should always do a test run before a presentation, what America’s war dead say about the class divide, and how air travel in coach could get a whole lot worse.

Posted on Sep 21, 2010 READ MORE



Flickr / Pablo Alvarado (CC-BY)

The Longest Recession Since WWII

According to the National Bureau of Economic Research, the recession ended in June 2009 after 18 months—the longest downturn since World War II. That doesn’t mean we’re out of the woods. Reduced expectations for U.S. economic growth and fears that high unemployment could last longer than previously thought presage more pain to come.

Posted on Sep 20, 2010 READ MORE



AP / Javier Galeano

The Forever Fidel Obsession

After three hours of conversation, it is clear that Fidel Castro has definitely retired and now spends his time underlining President Obama’s books and reflecting on decades of revolution. Anyone who thinks Cuba is going capitalist, however, should check more carefully with the facts.

Posted on Sep 19, 2010 READ MORE



Flickr / edEx

Fears of Double-Dip Recession in California

As the national unemployment rate hovers quite stably below the double-digit mark, California’s troubled economy continues to dive into despair. The state’s jobless rate rose to 12.4 percent last month, renewing fears that California may fall into a not-so-delicious-as-it-sounds double-dip recession.

Posted on Sep 17, 2010 READ MORE


United plane
Flickr / Moto@Club4AG

Continental Unites With United

Shareholders of Continental and United Airlines have finally voted to form a more perfect United Airlines, merging the two companies under United’s name to create the world’s largest airline service, overtaking its closest U.S. rival—the newly merged Delta and Northwest Airlines—and European carriers.

Posted on Sep 17, 2010 READ MORE


A Myth About Job Creation

It is taken as gospel among politicians of both parties that small business is the engine of job creation. Obama, McCain, Bush, Kerry, Clinton and Reagan have made that claim. Only one problem: The assertions are overblown and simplistic.

Posted on Sep 14, 2010 READ MORE


Naomi Klein: Building an Independent Left

The “Shock Doctrine” author tells Laura Flanders, “We have to build that independent left. It has to be so strong and so radical and so militant and so powerful that it becomes irresistible.”

Posted on Sep 14, 2010 READ MORE


Money Talks

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Posted on Sep 13, 2010 READ MORE    



Flickr / Les Haines (CC-BY)

Cuba to Fire 500,000 Workers

Most Cubans rely on their government for just about everything, including a job, but President Raul Castro intends to change that. Cuban officials announced Monday that roughly 10 percent of the state-employed work force is getting a pink slip.

Posted on Sep 13, 2010 READ MORE


The Neoliberal Bait and Switch

Thirty years into the neoliberal experiment, the Great Recession is exposing the flaws of the Washington Consensus.

Posted on Sep 9, 2010 READ MORE



White House / Chuck Kennedy

Builder Barack Wants a Mini Stimulus (Update)

With unemployment still rising and the American infrastructure getting no less crumbly, President Obama is set to announce a six-year plan to build roads and create jobs, starting with a $50 billion investment. That’s assuming Congress gets on board the recovery train.

Posted on Sep 6, 2010 READ MORE


Missing ‘Big Labor’

Remembering the labor movement’s heroic battles is bittersweet on a Labor Day when so many Americans are unemployed, when wages are stagnant or dropping, and when the labor movement itself is in stark decline.

Posted on Sep 5, 2010 READ MORE



AP / Mark Lennihan

Waking Up in the 1930s

In the year 2010, America once again embraced the bread line, and the neatly dressed, solidly middle class, once working folk who queue up are just becoming reconciled to a stark new reality.

Posted on Sep 2, 2010 READ MORE


Shed This Word, Now

Indulge me, please, while I rant about my new least favorite word: shed. Not as in dog hair. As in jobs. As in, “The economy shed (fill in the blank) jobs last month.”

Posted on Sep 2, 2010 READ MORE



Germany Might Make Facebook Snooping Verboten for Employers

If you’ve recently entered the job market (and who hasn’t in the last couple of years), you’re probably familiar with the ritual of sterilizing your Facebook presence and hoping your prospective boss doesn’t find anything juicy. Apparently Germans are sick of potential employers snooping, and a proposed law would put limits on that.

Posted on Aug 25, 2010 READ MORE



Wikimedia Commons

The Cost of Not Drilling

Previously undisclosed documents have measured the economic impact of the U.S. federal moratorium on deep-water oil drilling at 23,000 jobs lost and billions of dollars in frozen investment. Federal officials went ahead with the ban, now tied up in court, because they distrusted industry safety equipment and standards.

Posted on Aug 22, 2010 READ MORE



Flickr / edEx

The Job Market Continues to Struggle

In news that reflects the weakening pulse of the economy, the Labor Department reported that initial claims for jobless benefits rose last week to a seasonally adjusted level of half a million, the highest since last November.

Posted on Aug 19, 2010 READ MORE



AP / Mark Lennihan

Shorting Economists: The ‘Experts’ Keep Getting it Wrong

Why have economists been so wrong so often? Certainly theirs is a tough job, since the global economy is a complex creature. Yet it turns out that their measuring sticks are woefully inadequate. Indeed, they aren’t even sure what to measure.

Posted on Aug 19, 2010 READ MORE


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