Tag Archives: Unemployment

How Sequester cuts would impact North Carolina

Why We Worry / Raleigh-Durham Bureau The Sequester cuts may be small relative to the overall national budget, but if Congress does not prevent them, they will be coming in the context of prolonged economic stagnation, as well as recent significant cuts and severe budget shortfalls on the state level. For North Carolina, new cuts […]

Naming the crisis

Why We Worry / Economics Desk It’s incomplete to call what we’re experiencing in the US an “unemployment” crisis. The problem is not just that there aren’t enough jobs available but that the existing jobs are low quality. New jobs put the unemployed to work, but these jobs are being created in a climate where […]

Greased with cash and covered by paint

By Daniel H. Why We Worry / Middle America Bureau For at least the last four or five years (longer if you’re a natural pessimist or a good prognosticator), the most important question in America has been What Went Wrong? People felt like they understood what their deal in life was, what the rules of […]

That sound you hear…

… is the Democrat’s electoral fortunes rushing down the drain: Over all, the nation lost 54,000 jobs in August, the agency said, as state and local governments, many of them grappling with severe budget deficits, cut 1o,000 jobs last month. Another 114,000 temporary Census positions also came to an end. In all, governments cut 121,000 […]

Unemployed? Get a job!

Have you been unemployed since the crash of 2008? Are you on Medicaid or Medicare? If so, your situation is gonna get a lot worse: Democratic leaders in the Senate have apparently failed to win enough support to overcome a Republican filibuster of a bill to help the poor, the old and the jobless, despite […]

Needz moar j0bs

Christina Romer, one of Obama’s economic advisors, says that by the end of 2010 the unemployment rate will be 9.8%. Which is ummm… awful. And to make matters worse, by the end of 2011 the rate will be 8.9%. Still awful. Even at the end of 2012 the rate will be a really crappy 7.9%. […]

The state of (un)employment

Unemployment didn’t push past 10% in December. Cause for celebration right? Well… not really: Had the labor force not decreased by 661,000 last month, the jobless rate would have been 10.4 percent, according to economists including David Rosenberg at Gluskin Sheff & Associates in Toronto and Harm Bandholz at UniCredit Research in New York. […] About […]

Limited Resources

Mr. Obama said he would entertain “every demonstrably good idea” for creating jobs, but he cautioned that “our resources are limited.” (@ NY Times) Really, Mister President? On Tuesday you seemed to imply that the United States had inexhaustible resources when you announced a troop surge in Afghanistan. Sure, you paid lip-service to cost/benefit analysis […]

A jobless recovery?

Economic recovery doesn’t mean what it used to. As usual, it means a comeback in stock prices, particularly the Dow Jones Industrial Average, which has jumped almost 4,000 points since it bottomed out in March of this year. And it necessarily means a resurgence in the financial sector. But outside the gates of Wall St., […]

The best healthcare system in the world

Starla D. Darling, 27, was pregnant when she learned that her insurance coverage was about to end. She rushed to the hospital, took a medication to induce labor and then had an emergency Caesarean section, in the hope that her Blue Cross and Blue Shield plan would pay for the delivery. – NYTimes Maybe it’s […]