An International Labor Organization’s report released today shows that young workers are among the worst-hit by the global recession. All in all, there are 620 million people aged 15 to 24 who want to work. 81 million are unemployed, the highest level and the greatest number since the ILO More…
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…
Last night, the U.S. Senate attempted to move on the House’s version of a war-funding bill, providing much-needed funds to the Pentagon for Afghanistan and Iraq as well as billions of dollars for domestic programs. But the bill failed to get cloture, 46-51, with 10 members of the Democratic More…
The White House is touting it as “recovery summer”: The economy is adding jobs, the unemployment rate is falling, housing is stabilizing and the $787 billion stimulus is working. But it certainly doesn’t feel that way to America’s young workers, who suffer the worst rates of joblessness of any More…
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