Jobs report comes in far above expectations. Official unemployment rate falls to 8.3%, ‘U6′ at 15.1%
The Bureau of Labor Statistics reported the private sector generated 257,000 jobs in December and the official unemployment rate fell to 8.3 percent, the lowest level since February 2009. Layoffs in the public sector cut the total number of jobs create...
First-time claims for unemployment benefits fall to 367,000
(Calculated Risk)
One day ahead of the government's monthly jobs report, the Department of Labor said this morning that initial claims for unemployment benefits fell to a seasonally adjusted 367,000 for the week ending Jan. 28,, a decrease of 12,000...
Senate negotiators come up with short-term deal for payroll tax cuts, extended unemployment benefits
Last one out, get the lights.
Via The Hill:
Senate leaders announced Friday evening a deal to extend the payroll tax holiday and unemployment benefits for two months, putting Congress on course to adjourn for the year well in time for Christmas.
Hous...
Daily Kos/SEIU poll finds majority support for unemployment extension
Public Policy Polling for Daily Kos & SEIU. 12/8-12. Registered voters. MoE ±3.1%
Q: Would you support or oppose extending the federal unemployment insurance program though the end of 2012 so that 6 million out-of-work Americans can continue to r...
This week in the War on Workers: Rick Santorum thinks obesity makes food stamps unnecessary
Rick Santorum does not understand what you mean by
"people should not go hungry." (Steve Marcus/Reuters)
Leading off, Rick Santorum expands on his view that low-income children should suffer, asking why food stamps are necessary when there are obese ...
Nearly 15% of workers projected to be unemployed at some point in 2012
Heidi Shierholz explains:
The figure shows the average monthly unemployment rate and the over-the-year unemployment rate. Using the ratio of the over-the-year unemployment rate to the average monthly unemployment rate in 2010 (the latest data availabl...
States have laid off 500,000+ in the past 3 years; companies have avoided $42 billion in state taxes
Beset by budget shortfalls that are partly the consequence of failure to reform their tax structures, state and local governments have been laying off hundreds of thousands of workers since mid-2008. An exact figure is hard to come by because the lay-...
States have laid off 500,000+ in the past 3 years; companies have avoided $42 billion in state taxes
Beset by budget shortfalls that are partly the consequence of failure to reform their tax structures, state and local governments have been laying off hundreds of thousands of workers since mid-2008. An exact figure is hard to come by because the lay-...
Open Thread for Night Owls: Jobs & demographic change
Hi. Yes, I'm back. Except on Wednesdays. My colleague Hunter, who has been filling in during my absence, has agreed to continue bringing his serrated wit to the Night Owls threads that night. And, yes, that's a new owl banner to add to the great colle...
This week in the War on Workers: ratio of CEO to average pay spikes
Leading off, Josh Bivens at the Economic Policy Institute explains the graph above:
In 1978, compensation of CEOs was 35 times greater than compensation of average workers. Since then, this ratio has skyrocketed, peaking at 299-to-1 in 2000. During th...
