User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Apr 18 2014 23:14 IST RSS 2.0
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Long-term unemployed struggle to find — and keep — jobs 18.4.2014 Washington Post
For the long-term unemployed, finding a job is hard — but keeping one may be even harder. New research tracking people who have been out of work for six months or longer found that 23 percent landed a job within a few months of the study. But a year later, more than a third of that group was unemployed again or out of the labor force ...
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The Long-Term Unemployed Are Stuck Without Work Thanks To Bad Luck 18.4.2014 Think Progres

The single biggest predictor of whether someone will be out of work for a year or more is the state of the economy.

The post The Long-Term Unemployed Are Stuck Without Work Thanks To Bad Luck appeared first on ThinkProgress.

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Jobless claims edge up, but 4-week average falls to prerecession level 18.4.2014 San Jose Mercury News: Breaking News
Initial jobless claims in the past month hit their lowest level since the start of the Great Recession, indicating the labor market might be nearing a return to normal.
The number of people filing for first-time unemployment benefits rose slightly last week to 304,000 from the previous week's upwardly revised figure of 302,000, the Labor Department said Thursday
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Jobless claims hit pre-recession level 18.4.2014 SFGate: Business & Technology
Initial jobless claims in the past month hit their lowest level since the start of the recession in late 2007, indicating the labor market might be nearing a return to normal. [...] that still means it is more than two years away, she said. "[...] far in the recovery and to this day, there is little question that the economy has remained far from maximum employment," Yellen said in a speech at the Economic Club of New York.
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Minnesota added 2,600 jobs in March, led by construction 18.4.2014 Star Tribune: Business
State’s unemployment rate remained unchanged at 4.8 percent.
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Minnesota employers added 2,600 jobs in March, construction booming 17.4.2014 Star Tribune: Business
But the state's pace of job growth has fallen behind the national average.
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Jobless claims edge up, but 4-week average falls to prerecession level 17.4.2014 LA Times: Top News
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Minn. jobless rate holds steady in March 17.4.2014 Minnesota Public Radio: News
Job gains in the professional and business services sector led all others last month with 3,500 new jobs.
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Weekly Jobless Claims Stay Near 7-Year Low 17.4.2014 NPR News
The 304,000 applications filed last week means they were close to the lowest level since May 2007. Analysts say the news is another sign that the economy continues to grow.
Applications for U.S. jobless aid edge up to 304,000 17.4.2014 Salt Lake Tribune
Washington • The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase. The Labor Department said Thursday that the four-week average of applications, a less volatile measure, fell 4,750 to 312,000. That average has fallen from 357,500 applications over the past 12 months. It is the lowest four-week average since October 2007, just two months before the Great R...
Americans seeking weekly unemployment benefits rose to 304,000; still at pre-recession levels 17.4.2014 Star Tribune: Politics
If inadequate skills cause long-term joblessness, why does it plague all educational levels? 15.4.2014 Daily Kos
Some 3.7 million Americans are now counted among the long-term unemployed, out of work for 27 weeks or more. This is a big improvement over what it was when it peaked at 6.8 million in April 2010. But it is still three times what it was in January 2008, the last tally before the Great Recession really got under way. And it's devastating to those caught in the trap. Especially so since the federal program to provide unemployment compensation to eligible people in this category was allowed to expire in December. Many claims have been made about why there are so many Americans in the long-term unemployed category now. One of the leading ones calls the problem "structural." Boiled down to its essence, it's an argument that workers are at fault for not having the right skills. To believe that means accepting that workers who had the right skills up until the Great Recession began suddenly lost them or that employers came to the realization as the economic downturn continued that workers they thought had had ...
Karl Polanyi Explains It All 15.4.2014 American Prospect
In November 1933, less than a year after Hitler assumed power in Berlin, a 47-year-old socialist writer on Vienna’s leading economics weekly was advised by his publisher that it was too risky to keep him on the staff. It would be best both for the Österreichische Volkswirt and his own safety if Karl Polanyi left the magazine. Thus began a circuitous odyssey via London, Oxford, and Bennington, Vermont, that led to the publication in 1944 of what many consider the 20th century’s most prophetic work of political economy, The Great Transformation: The Political and Economic Origins of Our Time. Polanyi, with no academic base, was already a blend of journalist and public intellectual, a major critic of the Austrian School of free-market economics and its cultish leaders, Ludwig von Mises and Friedrich Hayek. Polanyi and Hayek would cross swords for four decades—Hayek becoming more influential as an icon of the free-market right but history increasingly vindicating Polanyi. Reluctantly, Polanyi left Vienna for ...
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Economics Daily Digest: A business plan for a better environment 14.4.2014 Daily Kos
By Rachel Goldfarb, originally published on Next New Deal Click here to receive the Daily Digest via email. MBAs Will Turn Brownfields Into Green—if Investors Help Them Out ( Quartz ) Roosevelt Institute Fellow Georgia Levenson Keohane writes that the social venture competitions becoming common in MBA programs could push sustainability and social change, if Wall Street will fund the proposals. Even As Jobs Numbers Seem Better… ( Campaign for America's Future Blog ) Unemployment claims have dropped, and the jobs lost in the recession have been restored, but that's just catch-up. Dave Johnson pulls job creation ideas from a new Roosevelt Institute report, "A Bold Approach to the Jobs Emergency: 15 Ways We Can Create Good Jobs in America Today." Roosevelt Take: Read the full report , produced by the Bernard L. Schwartz Rediscovering Government Initiative. Low-Wage Workers Pay the Price of Nickel-and-Diming by Employers ( LA Times ) Michael Hiltzik points out that wage theft is most common in low-paid, ...
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UK pay starts to beat inflation: five key charts 14.4.2014 The Guardian -- Front Page
Inflation figures on Tuesday are expected to show the pressure easing on consumers Continue reading...
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From food banks to property bubbles the moral decay that blights Britain 13.4.2014 The Guardian -- Front Page
Social historians will have no difficulty in giving an accurate portrait of the decline of today's Britain What image will social historians use to capture our times? Last week, after frenzied bidding, a drab garage next to a Camberwell industrial estate in what was once a cheap part of south London, sold for £550,000 . That might do. No one who sniffs the air can fail to notice that London in the Osborne bubble has a whiff of Weimar Germany but without the art or indeed the sex. Yet alongside oligarchs buying the capital's streets, and the Bank of England and Treasury pumping asset prices, we also have poverty that those of us who remember the recessions of the 1970s and 80s have not seen ...
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Lufthansa Technik to build facility in Puerto Rico 11.4.2014 AP Business
SAN JUAN, Puerto Rico (AP) -- German company Lufthansa Technik announced Thursday that it had signed a deal with Puerto Rico's government to build a facility for aviation maintenance, repair and overhaul in the U.S. territory....
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U.S. jobless claims dip 10.4.2014 LA Times: Top News
Lowest number of Americans seeking jobless benefits in almost 7 years, declines 32K to 300,000 10.4.2014 Star Tribune: Business
Jobless Claims Drop To Near 7-Year Low 10.4.2014 NPR News
There were 300,000 applications filed last week. That's the fewest since May 2007. Economists say the data are another sign that the labor market is gaining some strength.
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