In light of last week’s dismal September jobs report, Heidi Shierholz, of the Economic Policy Institute, updates her estimates of how many jobs the United States needs to create to get back to where it was, employment-wise, when the recession started.
The labor market remains an
Private employers added just 1,420 jobs per state in July — not nearly enough to make up for job losses in the government, 50,000 of which were local-government layoffs. Unemployment remains high, at 9.5 percent, and many economists expect it to track higher in the fall. Calculated Risk More…
I wanted to pull out part of my article from this morning, as it makes a somewhat confusing but nevertheless important point. Most policy experts and economists think that unemployment insurance discourages people from looking for work or accepting jobs offered to them, keeping them unemployed for longer — More…
While the national unemployment rate of 10.2 percent is a sobering reminder of the depth of this recession and the protracted timeline a recovery will take, the challenges posed by long-term unemployment are far greater.
“We are breaking every record post-Great Depression on long-term unemployment,” said Heidi Shierholz, an More…
Last week, as House Democrats took to the floor with near-unanimous praise for legislation to help the unemployed and stimulate the fragile economy, Rep. Lloyd Doggett (D-Texas) offered a wildly different assessment.
“This bill,” he said, “represents a textbook example of how not to deal with the economic challenges that More…
There’s a message emerging from Republicans in Congress that says this: rising unemployment numbers are indication that the Democrats’ strategy for economic recovery has been a sheer failure, and they should be removed from office as a result.
What the critics don’t mention is the inconvenient More…
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