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Tag Archives: Unemployment

Full text: US Human Rights Record in 2009

(Xinhua) Updated: 2010-03-12 16:52
BEIJING – China’s Information Office of the State Council published a report titled “The Human Rights Record of the United States in 2009” here Friday.
Following is the full text:
The State Department of the United States released its Country Reports on Human Rights Practices for 2009 on March 11, 2010, posing as “the world [...]

With Millions Out of Work, The GOP Attacks The Unemployed

“You know,” DeLay said, “there is an argument to be made that these extensions of these unemployment benefits keeps people from going and finding jobs.” When CNN’s Candy Crowley described his argument as “a hard sell” to the public, DeLay replied, “It’s the truth.”
Crowley followed up, asking, “People are unemployed because they want to be?” DeLay [...]

You Might Remember Bush Took Office With A 200 Billion Dollar Surplus

Obama must now prime the pump to get us out of a multi-pronged mess left over from the Bush crowd and seven years of Republican control. Republicans chose to look the other way and ignore the financial chicanery going on right in front of them, while the income gap between the very wealthy and average [...]

More Homeless Americans Living in Cars and Campers

For people who cannot afford rent, a car is the last rung of dignity and sanity above the despair of the streets. A home on wheels is a classic American affair, from the wagon train to the RV. Now, for some formerly upwardly mobile Americans, the economic storm has turned the backseat or the rear [...]

City Council votes to ban camping on public property

Despite pleas from nearly two dozen people to ax or postpone action on an ordinance to prohibit camping on public property, the Colorado Springs City Council voted 8-1 Tuesday to approve it.
“Doing nothing is not an option,” Councilwoman Jan Martin said after listening to more than four hours of comments from a parade of homeless [...]

People in lower income brackets are seeing higher rates of unemployment

So why isn’t this called The Great Depression II?

The data, which are for the fourth quarter, come from a new study (.pdf) by Andrew Sum, Ishwar Khatiwada and Sheila Palma at Northeastern University’s Center for Labor Market Studies. The researchers conclude that “what has been missing from the public debate over the labor market crisis [...]

The Great Recession’s Job Losses

From the BLS:
The unemployment rate fell from 10.0 to 9.7 percent in January, and nonfarm payroll employment was essentially unchanged (-20,000), the U.S. Bureau of Labor Statistics reported today. Employment fell in construction and in transportation and warehousing, while temporary help services and retail trade added jobs.
Image via Calculated Risk
This graph shows the job losses [...]

Granholm’s State of the State : Michigan

Let me be clear: Our world has changed, utterly. The old Michigan economy is gone.
Anyone who believed that Michigan would just naturally rebound without making deep and lasting change had a rendezvous with reality in 2009. The year that just ended was a dividing line — the finale of what Time magazine has called the [...]

There is job hysteria for a reason

The Washington Post’s Steven Pearlstein tells me on MSNBC that the American people shouldn’t expect Washington to be able to do anything about jobs because it’s the result of “imbalances” that have to be “worked out” and it’s going to take time and people just need to be patient and take their medicine. (Mrs. Alan Greenspan [...]

Bill Moyers and Richard Trumka: Americans Need Jobs – Does Obama Finally Get It?

RICHARD TRUMKA: Well, I’ll give you an example. Nancy Pelosi in the House said, “We will put a 5.6 percent tax surcharge on any income over $1 million. Just money over $1 million.” And that would have produced $400 billion. Enough to pay for four million jobs.
BILL MOYERS: Your message is very clear. Tax the rich.
RICHARD TRUMKA: Of [...]

U.P. unemployment increases

New unemployment figures are out and unfortunately it shows a significant increase for Upper Michigan.
In December, the U.P. unemployment rate was 14.5 percent; that’s up from 12.9 percent in November.
All 15 Upper Michigan counties posted jobless rate increases.  Most of the increases were seasonal with job losses in tourism and construction.  But Ontonagon County increased [...]

Economy surges, nation yawns

The key number, per the Wall Street Journal: “In all of 2009, GDP fell 2.4 percent, the biggest drop for an entire year since 10.9 percent in 1946.”
At the close of the worst year for the U.S. economy in more than six decades, Americans are cautious and scared. Without an improvement in the labor situation, [...]

They Still Don’t Get It

With the power elite consumed with its incessant, discordant fiddling over health care, the economic plight of ordinary Americans, from the middle class to the very poor, got pathetically short shrift. And there is no evidence, even now, that leaders of either party fully grasp the depth of the crisis, which began long before the [...]

Sovereign defaults top 2010 risk hitlist

The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.
Major world economies have responded to the financial crisis with stimulus packages and by underwriting private debt obligations, causing deficits to balloon. This may [...]

Lessons from America’s Lost Decade

For the first time since the Great Depression, the United States experienced zero job growth in a decade. Zero. And zero is actually worse than it sounds since none of the preceding six decades registered job growth of less than 20 percent.
By comparison, the 1970s, which are often bemoaned as a time of economic stagflation [...]