Tag Archive | "Unemployment"

The Missing 3 Million

I remain in the camp of people who are entirely unimpressed by the economic figures raved about by most pundits, economists and The White House. We all know that pay is not growing. But, there’s another thing to be concerned about: the missing 3.1 million workers.

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The Phony Jobs Report Hype, A Very Sick Economy & Millions of Workers Who Don’t Count

This was almost predictable: the traditional media, and too many bloggers who regurgitate what they read in the traditional media, are buying into the “rebound” in the economy because of today’s Labor Department report; the stock market goes up; and, I’m certain, pretty soon, the White House will be taking credit for all this and, subtly or not so subtly, arguing that, see, aren’t we great, vote for us. It’s nonsense.

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“Corporate U.S. Healthiest in Decades Under Obama”, Though The People Are F***ED

For Corporate America, it’s “Morning in America”, babe. Time to party, break out the champagne, lock in a little trip on the Gulfstream to the South of France. For the rest of the people, oh, well, nose to the grindstone–it’s as dark as can be.

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Jobs & The Economy: It’s Worse Than You Think

Truthfully, this is not particularly a new idea. For a long time, I, and others, have been pointing out that the data about the economy and jobs does not reflect how bad it really is–and this was true way before the financial crisis. But, drumroll, a little academic cover joins the chorus.

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Black College Graduates Finding It Even Tougher

I meant to share this from last week. “Young black workers with college degrees have fared better than their less-educated peers, they have a higher unemployment rate and are more likely to find themselves in a job that does not require a degree than other recent college graduates”, says the Center for Economic and Policy Research.

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Why Unemployment Seems To Edge Down

A little thing to remember when you see unemployment seem to get “better”. There is more here than meets the eye.

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The Fed Guessing Game Misses The Point

That elites and the transcribers of press releases (formerly known as “journalists”) don’t understand what is happening to most working people is never more apparent when discussing the Federal Reserve Board, and the basic abandonment of the idea of full employment.

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Job Growth Wheezing

Job growth is allegedly “steady” but unemployment increases — so said the statistics. But, here’s the thing — these stats still miss an important point.

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Krugman to Catfood Commission: Austerity Is A Failure

   Paul Krugman wasn’t actually writing directly to the Catfood Commission II (speaking for myself, I decline to use a superlative being used by many to describe the Congressional fool’s gathering because the superlative implies higher quality). But, his message, looking at the debacle in Europe, is very clear: austerity is a loser.    In […]

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The $1.3 Trillion Black Hole–And The Job Party’s Call To Close It

   To return to my theme of "numbers are a bitch"…here is one to chew on: $1.3 trillion. It’s a gap–a BIG gap…and in that number is part of the story of the crisis we’re in.   At this point, after checking in with my colleague and friend Dean Baker, the Gross Domestic Product is […]

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Stop The Deficit Silliness: Even OECD Says High Unemployment Is The Crisis

   My head hurts every time I read about the phony crisis about the debt and the deficit–whether it be the idiotic headlines bowing down to the rating agencies’ hand-wringing (the same bozos who did such a good job blessing the financial instrument trash churned out by Wall Street) or the daily headlines about a […]

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Wages, Wages, Wages

   Ok, fine, this is a good thing, via The Wall St. Journal: The number of U.S. workers filing new claims for jobless benefits slid last week to the lowest level in nearly two and a half years, indicating that labor-market conditions continue to improve. Initial unemployment claims declined by 34,000 to 388,000 in the […]

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The Mozilo Method: Rob, Get Caught, Cut Deal, Die Rich

We are missing part of the anger that I think cuts across the political spectrum–and it goes right to the question: why is Angelo Mozilo not going to jail for a very long time? Because the political system still is not willing to jettison our coddling of the vast array of people who committed deep […]

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What If The “Recession” Ended And No One Knew?

I have always thought there is a huge gap between economists and numbers’ crunchers versus the reality-based world of workers. But, in the midst of the current economic crisis, it seems to me that the entire way we talk about "recessions" needs to be thrown out the window. It simply does not measure, and obscures, […]

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America Today: An Unemployed Mother Kills Her Kids

Every single day that I campaign, someone comes up to me in the streets and says, "can you get me a job?". On one day this past weekend, I got literally a couple of dozen of those questions. The desperation in peoples’ voices is more urgent than I have heard in a long, long time […]

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Jobs Tighten

   This was predictable: This year is shaping up to be even worse than last for the millions of high school and college students looking for summer jobs. State and local governments, traditionally among the biggest seasonal employers, are knee-deep in budget woes, and the stimulus money that helped cushion some government job programs last […]

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