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
Some bad news for immigrants: The unemployment gap between immigrants and native-born citizens has expanded during the recession and will likely remain until long after the recession ends, according to a BBC World Service/Migration Policy Institute report released Thursday. This has impacted immigration levels in all five developed More…
A new report from the Kaiser Family Foundation shows the extent to which the job and benefits loss of the recession has pushed individuals onto Medicaid, the government program to help the poor access health care.
The Wall Street Journal posts an interesting story, noting that “ultra-affluent” customers — who spend more than, gulp, $7,000 a month on their credit cards and meet other, unnamed income criteria — are spending more on both fast food and fine meals. The super-rich, the article says, are bifurcating More…
Republican leaders have been dishonest with the American people on how they intend to pull the nation out of a recession, President Barack Obama said Wednesday morning during a backyard chat at the home of a Des Moines family. “It’s time to make tough choices and put politics
Speaking on CNBC, Warren Buffett, the head of investing giant Berkshire Hathaway and market oracle, told Becky Quick the economy is still in a recession, in his book.
“We’re not gonna be out of it for a while, but we will get out of it,” he said, elaborating, “I More…
Yesterday, the National Bureau of Economic Research’s Business Cycle Dating Committee — the team of economists that determines whether the economy is contracting (in a recession) or expanding — announced that the recession officially ended in June 2009.
That means little to the 14.9 million Americans out of work, of More…
Today, President Barack Obama defended his economic policies in a rangy, hour-long, town hall–type interview organized and televised by CNBC.
So says the National Bureau of Economic Research’s Business Cycle Dating Committee — a group of economists charged with officially determining whether the economy is in a state of expansion or contraction:
The recession has been hard on almost everyone, but a report released today by the nonpartisan Migration Policy Institute found immigrants suffered higher job losses between 2007 and 2009 in health care, construction, information technology and hospitality. Construction jobs, which previously employed a huge number of Latino men More…
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