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Unemployment

The Takeaway

This Week's Agenda: Elections, Unemployment, and Asia

Monday, November 01, 2010

One day before the mid-term election and predictions are in. Todd Zwillich, The Takeaway's Washington correspondent, looks ahead to election day and forecasts the after-effects of its results.

Voters head to the polls tomorrow, but non-political happenings continue apace: the Fed will meet to discuss what to do about interest rates and the economy. Charlie Herman, economics editor for The Takeaway and WNYC Radio, doesn't see the interest rate increasing, but sees the Fed pumping more money into the economy, to try and jumpstart it.

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Transportation Nation

Construction Workers Rally to Save ARC Tunnel

Tuesday, October 19, 2010

(North Bergen, NJ -- Scott Gurian, WNYC) Supporters of a new commuter rail tunnel under the Hudson River rallied Tuesday in North Bergen, New Jersey, to save the project, saying it represents thousands of construction jobs for the region.

New Jersey Governor Chris Christie has put the project, known as the ARC Tunnel, on hold pending a review of the costs. Speaking today in front of hundreds of unionized construction workers, William Mullen, the president of the New Jersey State Building and Construction Trades Council, said New Jersey can't afford to lose those jobs in tough economic times.

"Is this state broke, and doesn't have the money?” he asked. “Yes. But do we have to find a way to come up with it? Yes we do! If we're gonna make this state grow and survive for our children, our grandchildren, it has to be done."

The U.S. Department of Labor recently reported that the unemployment rate in the construction industry rose to 17.2 percent last month.

Governor Christie has said he doesn’t want New Jersey taxpayers on the hook for cost overruns. After an appeal from the U.S. Department of Transportation, he is expected to announce later this week whether he's killing the project once and for all.

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The Takeaway

Gene Epstein Asks Businesses to 'Hire Just One'

Monday, October 18, 2010

Can one man's charitable donations help turn around the nation's unemployment numbers? Philanthropist Gene Epstein thinks so. The 71 year old Philadelphia resident is using $250,000 of his own money to create Hire Just One, an initiative that encourages businesses to hire again by making a $1,000 donation to charity when a business hires an unemployed person and keeps him or her on the payroll for six months. Epstein joins the program to talk about his ambitious program.

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WQXR News

Gov't. Cuts Led to Job Losses in September

Friday, October 08, 2010

The U.S. economy continues to lose jobs as the government reports Friday morning that 95,000 positions were cut from the nation’s payrolls.

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The Takeaway

September Jobs Report: Not Quite as Bad?

Friday, October 08, 2010

The September jobs report comes out today; this month's report carries some special weight. For politicians, it's the last unemployment report Americans will hear about before the mid-term elections. For the Federal Reserve, it will affect policy when the it meets in November; many expect a loosening of monetary policy based on how the economy is faring.

Overall though, economists are predicting the September report will not show too much change in unemployment figures. Businesses are still slow to hire, but layoffs are not rising. There may not be much in the way of job growth, and many, many Americans are still unemployed, but fewer people are losing their jobs.

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The Takeaway

Why the New Small Business Jobs Bill May Not Create Jobs

Tuesday, October 05, 2010

The government wants to create new jobs. Most new jobs come from small businesses. Logic might suggest that the government should support small businesses, yet that’s proven hard to do in practice. Why? And, are there better ways for the government to encourage businesses to hire more people?

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The Takeaway

A Small Time Business Owner Competes with Unemployment Benefits

Friday, September 24, 2010

Anthony Fraccia hoped that offering a job in Michigan at his small business — a part-time position that would become full-time depending on performance — he'd get plenty of applicants. But one potential employee who called told him they wouldn't take the job because "I make more on unemployment." It took a minute for it all to sink in, but it left Fraccia wondering if extending unemployment benefits was actually bad for business.

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The Takeaway

Recession Over, But Are We Headed for an Aftershock?

Wednesday, September 22, 2010

This week economists officially declared the recession over, as of June, 2009.  So now what will the recovery look like?

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The Takeaway

Americans Struggle as Poverty Rises

Friday, September 17, 2010

The U.S. Census Bureau released a report yesterday showing that in 2009, more than 14 percent of the population was living in poverty: It's a rate that hasn't been seen in the U.S. since the early '90s. Looking ahead into 2010's statistics, economists fear poverty will soon be higher than at any time since the 1960s, before President Lyndon B. Johnson declared the War on Poverty, as part of his Great Society initiative.  We discuss what can be done to fight poverty in America and how the government defines being poor. 

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WQXR News

Nation's Unemployment Rate Rises to 9.6 %

Friday, September 03, 2010

While large portions of the East Coast breathed a sigh of relief as Hurricane Earl lost strength overnight, another storm, this one economic, was also less damaging than expected.

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WNYC News

August Job Losses: 54,000, Unemployment Rises to 9.6%

Friday, September 03, 2010

While large portions of the East Coast breathed a sigh of relief as Hurricane Earl lost strength overnight, another storm, this one economic, was also less damaging than expected.

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The Takeaway

Unemployment Rises, But Jobs Report Better than Expected

Friday, September 03, 2010

As large portions of the East Coast breathed a sigh of relief as Hurricane Earl lost strength overnight, another storm, this one economic, was also less damaging than expected. 

The government reports that employers cut fewer jobs than expected in August. The nation’s payrolls shrunk by 54,000.  

This was not a great report but it was "better than many thought it would be,” wrote Joel Naroff, chief economist with Naroff Advisors in a note to clients.

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The Takeaway

Jobs, Unemployment and the Danger of the Double-Dip

Friday, September 03, 2010

All eyes are on the Department of Labor's monthly jobs report, scheduled to be released this morning. Economists predict the report will show small gains in the jobs market - between 40,000 and 70,000. But they are concerned that if job creation numbers are too low, the overall unemployment rate could still rise - making the report an indicator that the economy could be heading for a "double-dip" back into recession.

What is your personal jobs report? How would you characterise YOUR job situation? Is it scarier or safer than last month? Let us know in the comments below or text the word TAKE to 69866.

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The Takeaway

Picturing the Human Cost of Unemployment

Friday, September 03, 2010

The Bureau of Labor Statistics will release a new jobs report this morning. Since the start of the economic downturn, the dire unemployment situation has been described in grim and abstract numbers: unemployment is at 9.5 percent; one in six Americans are receiving government assistance; and an estimated 8.5 million factory jobs have been lost since November 2007.

But behind the numbers are the human costs of unemployment. In a new book, “Closing: The Life and Death of an American Factory,” photographer Bill Bamberger and author Cathy N. Davidson capture the faces and stories behind the workers in Mebane, North Carolina, who lost their jobs when White Furniture Company closed its doors in 1993. The book and its gripping photos show tell the stories of personal loss and struggle for workers whose entire lives were turned upside down.

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The Takeaway

Top of the Hour: America on Government Benefits; Morning Headlines

Tuesday, August 31, 2010

A new survey from USA Today brings Americans' dependence on government assistance into the light; that and this morning's top headlines.

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The Takeaway

Listeners Respond: Giving Up on Employment

Thursday, August 12, 2010

The 9.5 percent unemployment rate does not count a huge number of Americans: People who are out of a job and have given up looking. Yesterday, Newsweek and Slate columnist Dan Gross explained why some have stopped their job search altogether, and listeners responded.

Lizzy from the New York City wrote on our website:

“I am a highly educated 43- year- old designer who has had a very successful freelancing career up until end of 2008. Since then, it has been brutal trying to get and keep clients, or find any work whatsoever.”

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The Takeaway

The Unemployed Who Don't Get Counted

Wednesday, August 11, 2010

The 9.5 percent unemployment rate does not count a huge number of Americans: People who are out of a job and have given up looking. With millions of people out of work and competing with each other for the small percentage of open jobs, it makes sense that a significant portion will call it quits – at least for the time being – and cease searching for employment all together.

If you're unemployed but not looking for work, tell us: At what point did you stop looking for a job?

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The Takeaway

Latest Report Shows Worrying Decline in Temp Jobs

Monday, August 09, 2010

The Labor Department's jobs report for July, released last Friday, showed overall unemployment stayed the same at 9.5 percent, but that the economy lost 5,600 temporary jobs. This ended nine months of gradual increases. Concerned economists say temporary jobs can be seen as a leading economic indicator of how businesses will proceed in the hiring of permanent workers. 

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The Takeaway

Jobs Report Released: 131,000 Jobs Lost in July

Friday, August 06, 2010

While private employers added 71,000 in July, the economy lost 131,000 jobs overall and unemployment remained unchanged at 9.5 percent. Many of the job losses were due to the expected reduction in Census Bureau staff. The numbers put increased pressure on Washington to find ways to help the economy.

Lakshman Achutan, managing director of the Economic Cycle Research Institute, analyzes the report and what it could mean for you and where jobs are headed in the months ahead.

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The Takeaway

New Report Shows Huge Increase in Child Poverty

Wednesday, July 28, 2010

According to a new report released by the Annie E. Casey Foundation's KIDS COUNT, child poverty is on the rise in America. The report, which looked at data from 2008, shows that even before the recession hit, one million more children were living in households below the poverty line than in 2000. 

"That's a real warning sign for us," says Laura Beavers, national KIDS COUNT coordinator for the Annie E. Casey Foundation. "We are fully expecting that when the Census Bureau releases new data on child poverty this year, the child poverty rate is likely to climb above 20 percent."

The report also revealed the states with the highest ranking for overall well-being of children, and the states with the lowest rankings: New Hampshire ranked first, while Arkansas, Louisiana and Mississippi ranked in the bottom three.

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