Streams

 

Unemployment

The Takeaway

Congress Approves Legislation to Extend Unemployment Benefits

Friday, July 23, 2010

This week, Democrats in Congress broke a Republican filibuster and passed legislation to extend unemployment benefits. 2.5 million unemployed people will get payments retroactive to the time they stopped receiving benefits. One of those is Michelle Ives, who got her last check in June, and has resorted to desperate measures while she waited for her check (including taking out a 35 percent loan on her car).

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WQXR News

President Obama Signs Bill to Extend Jobless Benefits

Thursday, July 22, 2010

The president signed the bill hours after it was approved by the House.

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The Takeaway

Where Did Your Job Go? Economists Can't Answer

Wednesday, July 21, 2010

58 Democrats and two Republicans in the U.S. Senate overcame a Republican filibuster and moved closer to extending unemployment benefits to 2.5 million Americans. A final vote is expected later today.

The larger unemployment picture is complex. The national unemployment rate dropped to 9.5 percent in June, down 0.2 percent from the previous month. However, job growth remained stagnant, with only 21 states seeing net job gains. 

With unemployment still high and practically no job growth, we're asking: where have all the jobs gone? We want you to help us track them down: if you're unemployed, or if you know someone who is, tell us: What happened to the job? Did it go overseas? Or did the company downsize?

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WQXR News

Senate Votes to End Filibuster on Jobless Benefits Bill

Tuesday, July 20, 2010

The Senate voted 60-40 Tuesday to end a filibuster on a bill that would extend unemployment benefits.

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The Takeaway

How Much Does Job Training Actually Help With Unemployment?

Tuesday, July 20, 2010

The Senate is set to vote later today on extending unemployment benefits, just 15 minutes after the new Democratic senator from West Virginia is sworn in to replace Robert Byrd. The new senator’s arrival will give Democrats the last vote they need to overcome a Republican-led filibuster.

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WQXR News

Obama Asks Congress to Extend Jobless Benefits

Monday, July 19, 2010

Speaking at the Rose Garden on Monday, President Barack Obama urged Congress to take action on legislation that would extend jobless benefits for millions of Americans.

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The Takeaway

The Recession and Religious Workers

Tuesday, July 13, 2010

A rabbi, a priest and a pastor are all looking for a job … It sounds like the set-up to a joke we’ve all heard before. But due to shifts in our culture and economy, it turns out that this set-up has no punchline. The unemployment rate among clergy has doubled from ten years ago. And institutions ranging from churches to College chaplains have enacted hiring freezes and clergy lay-offs.

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The Takeaway

Why It's Time to Rethink Unemployment Benefits

Wednesday, July 07, 2010

Two gentlemen asked Ebenezer Scrooge for his "liberality" to help the destitute.  Scrooge immediately asked if something had perhaps happened to the prisons, the union workhouses, and the treadmill, all means of punishing the poor.  When assured that these institutions were in fact all active and busy, Scrooge rubbed his hands together and chortled, "I'm very glad to hear it!"  An economist answering questions about unemployment benefits always feels a bit like Scrooge.  Because the answer to the question "Couldn't we do more to help the poor?" is always, "Yes, but..."

So, should we rethink unemployment compensation?  Yes.  But...

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The Takeaway

Are Unemployment Benefits a Disincentive to Work?

Wednesday, July 07, 2010

Around 1.3 million people in the U.S. have lost their unemployment benefits since the beginning of 2010.

Yesterday, we talked with two people who have recently lost their benefits: Donovan Marsden in New York and Michelle Ives in Texas. And we asked: does the extension of unemployment benefits provide a disincentive to finding a job? We got an overwhelming number of responses on both sides of that argument. Some listeners thought it was callous even to suggest that people receiving unemployment benefits don't want jobs. A few listeners actually admitted that receiving benefits has made them lazy. Today, we get an economic perspective.

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The Takeaway

Unemployed? You Should Get a Bonus

Tuesday, July 06, 2010

You hear the debate in the U.S. Senate: aid money is wasted money. Giving people or nations money in the form of unemployment benefits or aid is a disincentive to change. Pay unemployed people and they stay unemployed. Pay poor people and they stay poor. Give aid to corrupt governments and those governments stay corrupt.

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Transportation Nation

About to Hit the Roads? You'll Have Company

Friday, July 02, 2010

(Andrea Bernstein, Transportation Nation)  Government data out this morning shows the  unemployment rate dipped to 9.5, as private sector employment ticked up.  But government hiring is down. Confused?  The AAA is concluding there are enough straws to grasp to give you a good enough feeling to get in your car, buy some relatively cheap gas (down from soaring highs two years ago) and drive.  The Motorists' group says some 17 percent more Americans will travel this fourth of July weekend than last year, though we won't be driving farther.

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WQXR News

US Economy Loses Jobs in June, As Expected

Friday, July 02, 2010

For the first time this year, the economy lost jobs largely as a result of 2010 census workers losing those temporary jobs in June.

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The Takeaway

Unemployment Rate Drops, Layoffs Rise

Friday, July 02, 2010

New figures out this morning show the unemployment rate dropped to 9.5 percent, it's lowest in almost a year. But this was driven mostly by a drop in people looking for work. Employers cut 125,000 jobs last month, which was the most since last October. New York Times finance reporter, Louise Story, breaks down the numbers. Louise reminds us that 8 milllion jobs have been lost since 2007 and that a real recovery will take years. She also looks at the effects of these numbers on the markets.

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WQXR News

Labor Dept. Reports Increase in Jobless Claims

Thursday, July 01, 2010

According to the latest report from the U.S. Labor Department, 13,000 more jobless claims were filed in the last week of June, bringing the total number of claims filed this past week to 472,000.

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The Takeaway

This Week's Agenda: Petraeus' Confirmation, Saudi King Comes to DC, Job Numbers

Monday, June 28, 2010

The week was thrown into uncertainty with the death this morning of Sen. Robert Byrd. The New York Times' Marcus Mabry and The Takeaway's Charles Herman, look at that and the rest of the news coming up in the next seven days.

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The Takeaway

Why Bother With Grad School?

Tuesday, June 22, 2010

With the unemployment rate for people in their twenties hovering around 15 percent, it’s tempting for recent college grads to just skip the terrible job market and stay in school. And many of them are doing just that. Last year, there was a 6 percent increase in graduate school enrollment, and this year, 27 percent of college grads will go to grad school instead of entering the job market. But Takeaway work contributor Beth Kobliner says it might not be the best choice for everyone.

 

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The Takeaway

Study Shows Colleges Don't Prepare Us Well for Jobs

Thursday, June 17, 2010

At a time when we have a 9 percent unemployment rate, a new study shows we may soon face a shortage of 3 million qualified workers. There are plenty of people to fill those jobs, but there won't be enough educated people trained for the positions, according to the study published by the Georgetown University Center on Education and the Workforce.

The report finds that by 2018, 63 percent of the jobs in the United States will require post-high school education. At the current rates of high school and college graduations, there will not be enough workers with higher education degrees. And colleges aren't doing enough to emphasize the importance of employability. 

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WQXR News

Jobs Report Falls Short of Expectations

Friday, June 04, 2010

The Labor Department released new jobs numbers on Friday that revealed a spike in temporary employment in May, and a lag in private sector hiring

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The Takeaway

New Jobs Numbers Disappoint

Friday, June 04, 2010

The U.S. economy gained 431,000 jobs last month, according to numbers released this morning from the Bureau of Labor and Statistics.  Lakshman Achuthan, managing director at the Economic Cycle Research Institute (ECRI), joins us to parse the numbers.

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The Takeaway

This Week's Agenda: Oil, Jobs, and Terror Suspects

Monday, May 31, 2010

It's Monday, which means it's time to check what's on the agenda this week. Marcus Mabry, associate national editor for The New York Times, and Dan Gross, senior editor and finance expert at Newsweek, look at what's ahead for BP; what unemployment numbers, due out on Friday, will say of the economy; and court hearings for two accused home-grown terrorists, Major Nidal Malik Hasan, the suspected Fort Hood shooter, and Faisal Shahzad, the accused Times Square bomber.

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