User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Sep 14 2014 21:49 IST RSS 2.0
 
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Who stole the American Dream again? 14.9.2014 NewsTrust Yahoo Pipes Feed
Earlier this week some of the shining stars of the right in Congress, including Louie Gohmert and Ted Cruz, all gathered for a press conference to denounce President Obama for something he, yet again, has not actually done. In this case they were talking about the president unilaterally changing immigration policy to allow Central American refugees, who are predominantly children, to join the DREAMers in the DACA program —Deferred Action for Childhood Arrivals. Implemented by the president in 2012, DACA is currently available only to children who had been under age 16 when their parents brought them into the U.S. without a visa prior to 2007. Various congresspersons at the press conference declared that DACA should be defunded because these children are not "DREAMers"—that is, people who aspire to reach the American Dream—but rather "thieves" of that dream. “All across America there are young children, just like we were, that had dreams […] there are kids, there are adults with dreams,” Gohmert ...
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Job market's lingering weak spot: Stagnant pay 14.9.2014 Twincities.com: Business

The U.S. job market has steadily improved by pretty much every gauge except the one Americans probably care about most: Pay.

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More Americans file for unemployment benefits 11.9.2014 Salt Lake Tribune
Washington • The number of Americans filing for unemployment benefits unexpectedly rose last week to a two-month high, interrupting a steady decrease to the lowest level since before the last recession. Jobless claims climbed by 11,000 to 315,000 in the week ended Sept. 6, which included the Labor Day holiday, a Labor Department report showed Thursday in Washington. It was the highest reading since June 28 and exceeded the Bloomberg survey median forecast of 300,000. The data are difficult to ad...
More Americans than forecast file jobless claims 11.9.2014 LA Times: Business
The number of Americans filing for unemployment benefits unexpectedly rose last week to a two-month high, interrupting a steady decrease to the lowest level since before the last recession.
California economy will keep plodding through '16, UCLA forecast says 11.9.2014 LA Times: Top News
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Curb your enthusiasm about those Medicare savings 10.9.2014 Washington Post: Op-Eds
Contrary to some media reports, the Medicare monster hasn’t been tamed. But it has been made a little less unruly. To be precise: Spending is regularly falling below projections, creating the prospect of hundreds of billions of savings over decades. “It’s a pretty big deal,” says Tricia Neuman of the Kaiser Family Foundation, a health-care think tank, “because the slowdown has been sustained year after ...
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Long-term unemployed still at record levels 10.9.2014 LA Times: Business
It has come down to this for Brian Perry: an apple or banana for lunch, Red Sox ballgames on an old Zenith TV and long walks to shake off the blues.
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Economic forecast in much of world: Dim to gloomy 9.9.2014 AP Business
WASHINGTON (AP) -- The Great Recession officially ended more than five years ago. Yet the feeling of many people around the world can be summarized in one word: Gloom....
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Open thread for night owls: Thomas Frank on the 'veiled pensioners of the mystic sofa' 9.9.2014 Daily Kos
Thomas Frank at The Baffler writes Veiled Pensioners of the Mystic Sofa : The George Washington Masonic National Memorial in Alexandria, Virginia, is a towering structure, a replica of the ancient lighthouse of Alexandria, Egypt—or, at least, a replica of what people used to think the ancient lighthouse looked like. It features a colossal statue of the first president, monster columns made of granite, and enormous murals depicting significant moments in the life of George Washington, Freemason. The visitor can gaze upon a trowel Washington used when he was laying the cornerstone of the Capitol building, a lock of Washington’s hair, a clock that was stopped at the moment of Washington’s death, an exact replica of the Masonic lodge where Washington attended meetings, and a Masonic apron that belonged to one of his successors, president James K. Polk. But what really hooked me during my visit to this magnificent treasure-house was a pair of blue, vinyl sofas in one of the building’s lodge rooms, sofas done ...
U.S. job market’s lingering weak spot: Stagnant pay 9.9.2014 Salt Lake Tribune
Washington • The U.S. job market has steadily improved by pretty much every gauge except the one Americans probably care about most: Pay. The unemployment rate has sunk to a nearly normal 6.1 percent. Employers have added a robust 2.5 million jobs the past 12 months. Layoffs have tumbled. Yet most people are still waiting for a decent raise. Friday’s August jobs report confirmed that average hourly pay has crept up only about 2 percent a year since the recession ended five years ago — barely ab...
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US job market's lingering weak spot: Stagnant pay 9.9.2014 San Jose Mercury News: Breaking News
The unemployment rate has sunk to a nearly normal 6.1 percent. Employers have added a robust 2.5 million jobs the past 12 months. Layoffs have tumbled. Yet most people are still waiting for a decent raise.
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Some industries experience pay gains even as overall US wages lag, at a glance 9.9.2014 Star Tribune: Business
US job market's lingering weak spot: Stagnant pay 9.9.2014 AP Business
WASHINGTON (AP) -- The U.S. job market has steadily improved by pretty much every gauge except the one Americans probably care about most: Pay....
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Indian-Americans fared better than others during recession: US report 7.9.2014 New Kerala: World News
By Arun Kumar, Washington, Sep 7 : Like other Americans, Asian Americans and Pacific Islanders (AAPI) including Indian-Americans were hit hard by the Great Recession, but they fared better than any other racial group, according to a new report.
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The Fix: Black unemployment is always much worse than white unemployment. But the gap depends on where you live. 6.9.2014 Washington Post: Politics
There was a stubborn bit of data buried in the August jobs report released on Friday : The unemployment rate for blacks (11.4 percent) was more than twice that for whites (5.3 percent). We call this stubborn for one simple reason: In the 42-year period during which the Bureau of Labor Statistics has separated out unemployment data into different races, black unemployment has always been higher than white ...
US job growth slows to its lowest level this year 6.9.2014 The Guardian -- Front Page
Analysts surprised by dip after figures over previous 12 months had risen by average of 212,000 jobs a month

The US added 142,000 jobs in August, the lowest figure this year and one that ends a streak of months in which the economy added more than 200,000 new positions.

The labour department's figures came as a surprise. Analysts polled by Reuters had expected a gain of about 225,000. They correctly anticipated that the unemployment rate would fall to 6.1%, down from 6.2% and close to a six-year low. The US had added an average of 212,000 jobs each month over the prior 12 months.

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US job growth slows to its lowest level since the 1970s 6.9.2014 The Guardian -- Front Page
Analysts surprised by figures, which suggest many people have given up looking for work, and stock markets go into reverse

The US added 142,000 jobs in August, the lowest figure this year and one that ends a streak of months in which the economy added more than 200,000 new positions.

The labour department's figures came as a surprise. Analysts polled by Reuters had expected a gain of about 225,000. They correctly anticipated that the unemployment rate would fall to 6.1%, down from 6.2% and close to a six-year low. The US had added an average of 212,000 jobs each month over the prior 12 months.

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August Jobs Report Disappoints 5.9.2014 Outside the Beltway
After several months of good news, the August Jobs Report was quite a disappointment.
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August job creation way below expectations at 142,000 5.9.2014 Daily Kos
After half a year of job growth above 200,000 each month, the U.S. economy generated just 134,000 seasonally adjusted new private-sector jobs in August, along with 8,000 public-sector jobs. That total of 142,000 reported by the Bureau of Labor Statistics Friday was the lowest since December 2013. It was also more than 80,000 fewer than the consensus of experts had thought it would be. The official unemployment rate, the one the BLS calls U3, fell to 6.1 percent.  The bureau also presents several alternative measures of job growth or loss each month, the most important being U6. This includes not only people with no job at all but also those who are working part time and want (and need) full-time jobs and many "discouraged" workers. It thus covers the unemployed and underemployed, but does not cover those who have left the labor force whatever their reasons for doing so even if that is despair over not being able to find work. U6 fell to 12.2 percent in July to 12.0 percent in August. The bureau revised ...
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Is economic stagnation the new normal? 5.9.2014 LA Times: Commentary
The concept of "secular stagnation" — that the economy may be facing a protracted period of low growth and high unemployment — has been seeping back into economic and policy discourse. Once relegated to the margins of heterodox economic theory, the idea of stagnation as a likely...
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