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Unemployment

The Takeaway

How Population Affects Unemployment

Tuesday, September 06, 2011

Jobs, jobs, jobs. The day after Labor Day millions of Americans are wondering when their next chance for employment will come. The nation's unemployment rate stands at 9.1 percent and experts believe it's going to take years before it goes back down to normal. Ryan Avent, economics correspondent at The Economist, believes the number of jobs available could rise if a city's population density rises. He wrote in The New York Times about what other ingredients need to be mixed in with a dense population to create a healthy economy.

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The Takeaway

Could 'Buying American' Help Create Jobs?

Tuesday, September 06, 2011

Labor Day weekend got off to a rough start this year with some pretty dismal jobs numbers. The economy created a net gain of zero jobs last month. President Obama will surely use that troubling statistic to drive home his message in his jobs speech this Thursday evening. Many different solutions have been offered to help the economy recover. Could "buying American" be the fix we need to create jobs? Anders Lewendal, a general contractor in Bozeman, Montana, is trying just that as he constructs a home built mostly from "all American" materials. 

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The Takeaway

Is Our Sour Economy Ripe for Entrepreneurship?

Monday, September 05, 2011

The economy has yet to recover from the great recession as nation’s unemployment numbers remain bleak at 9.1 percent. That number is worse in Michigan, where the unemployment rate is 10.9 percent. One solution to this problem may be for more people to start businesses. The costs of starting up a business may be lower now than in pre-recession times.

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The Takeaway

Congress Goes Back to Work

Monday, September 05, 2011

Last week, we discussed the state of the nation’s job market, and the news was not good. No new jobs were created in August, meaning unemployment is stuck at 9.1 percent. How to get the job market moving will be the subject of intense debate this week, as Congress returns from its summer recess and the President outlines his strategy. We’ll also see the first meeting of the deficit reduction committee responsible for cutting $1.5 trillion from the budget. So it’s a big week for Congressmen and women, who recently haven’t shown a fondness for compromise.

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The Takeaway

Unemployment Rate Remains at 9.1 Percent for August

Friday, September 02, 2011

No new jobs were added to the economy in August, far below forecasts expecting a net gain of 60,000 jobs. The unemployment rate remains at 9.1 percent. The jobs figures are the latest in a string of dismal economic news, including the downgrading of the U.S.'s tripple-A credit rating, volatility in the stock market, and the ongoing European debt crisis. Though economists believe the U.S. will avoid a double-dip recession, many point to the toxic atmosphere in Congress as a hindrance to economic growth.

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The Takeaway

Nobel Laureate Joseph Stiglitz on America's Lost Decade

Tuesday, August 23, 2011

We're all witnessing a historical moment in the Middle East, as Libya prepares for the end of Moammar Gadhafi’s rule. And while the revolution that has taken six months to occur is in many ways remarkable, Americans may also be in the midst of our own, quieter moment in history: a lost decade. The recession has made it so that young people in particular are having a very difficult time beginning their careers, starting families and buying homes — so they're delaying doing those things. The unemployment rate is hovering at 9.1 percent, and for people between the ages of 16 and 19, it was 25 percent in July. For those ages 20-24, it was 14.6 percent.

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The Empire

State unemployment remains steady, city's job report is "mixed": Dept. of Labor

Thursday, August 18, 2011

The state's Department of Labor just came out with the latest economic portrait of the city and state. State and city unemployment held steady in July, at 8 and 8.7 percent respectively. Both figures were below the national average of 9.1 percent.

“The New York State economy added 14,100 private sector jobs in July 2011, continuing its recovery from the effects of the last recession,” said the state's labor stats chief Bohdan Wynnyk in a statement.

For both the city and state, a clump of sectors--educational & health, professional & business services, and leisure & hospitality--have led in job growth coming out of the recession. Government jobs and manufacturing have continued to see contraction across the state.

Even as job growth continues, the department's analysis of the city's job situation remained uncertain:

Despite strong over-the-year job growth and a generally positive July, the labor market remains mixed with five sectors adding jobs over the past year while four sectors plus government all lost jobs. This is a much more uneven picture than statewide where only manufacturing and government lost jobs over the year.

This, despite the fact the city's private sector growth rate of plus-2 percent outdid both the state and nation.

One area where the tentative recovery news is not being shared is in the African American community. Between July 2010 and June 2011 African Americans were the only tracked group who saw an increasing in unemployment, from 14.2 percent to 14.3 percent. That is more than double the unemployment rate for whites.

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It's A Free Blog

Opinion: Obama's Job Plan - Another Promise when We Need Action

Tuesday, August 16, 2011

The president has been telling us "I will" for a long time. The American people, though, don't need a promissory note. We don't need to be tantalized by a trailer for a fall blockbuster.

-Justin Krebs, It's A Free Country blogger.

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The Takeaway

Lessons For London From Newark

Wednesday, August 10, 2011

In 1967, police arrested an African-American cab driver in Newark, N.J. setting off six days of rioting. Last week, the police fatally shot black Briton Mark Duggan; an event that many are calling the spark that ignited four days (to date) of rioting in the U.K. But do the similarities end there? Many would argue that the underlying causes of the 1967 Newark riots — rampant joblessness, alienation and racial disparity — are the same as those that incited riots in the U.K. this week, as well as the riots that overtook America's cities in the late 1960's.

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The Takeaway

A Contest to Create Jobs

Wednesday, August 10, 2011

Joblessness is an ongoing problem in the U.S. and in countries abroad. But fifteen semi-finalists are currently competing in a contest that's hopes to put some of those people back to work. The contest is called Powering Economic Opportunity: Create a World That Works, and it's being produced by the eBay Foundation and Ashoka Changemakers. The contest's winners will get $50,000 to build their ideas. Voting is open to the general public via the contest's website, and ends today at 5 p.m. EST.

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The Takeaway

The Bleakest Generation?

Wednesday, August 10, 2011

Former London Mayor Ken Livingstone suggested that the Tottenham riot was fueled by citizens unleashing pent-up resentment over the weak economy, high unemployment rate, and historically deep budget cuts that decrease funding for poor communities in the United Kingdom. "This is the first generation since the Great Depression that have doubts about their future," he told the BBC. Those same conditions that led to the unrest in the U.K. may apply to the U.S.

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The Takeaway

With Struggle to Create Jobs, Polytech Incubator Encourages Innovation

Friday, August 05, 2011

Economists forecast that Friday's unemployment report will show the nation's unemployment rate has not changed at 9.2 percent, with an expected figure of 90,000 jobs added last month. Congress has done little to address unemployment, infuriating voters around the nation. But, the Polytechnic Institute of New York University has an idea about lowering unemployment. The institute has teamed up with the city of New York to found an incubator that provides a physical space and money to help new businesses take off.

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The Takeaway

Jobs Report Slightly Better Than Expected

Friday, August 05, 2011

The U.S. economy added 117,000 jobs in July, lowering the unemployment rate to 9.1 percent. The new figures from the Bureau of Labor Statistics bring a flicker of optimism to the markets after the worst day on Wall Street in three years. The European debt crisis conflated with fears the U.S. may be entering another recession has lead to a violent investor sell off around the world. Asian markets all closed down around 4 percent, and U.S. futures have been volatile this morning. Louise Story, Wall Street and finance reporter for The New York Times, has the latest.

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WNYC News

July Jobs Report Better Than Expected, But Fears Linger

Friday, August 05, 2011

There was a glimmer of good news Friday morning in the U.S jobs report, which beat many forecasters’ estimates. Speaking in Washington, President Barack Obama said “We are going to get through this. Things will get better and we are going to get there together.”

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WNYC News

Bad Day on Wall Street As Dow Plunges More than 500 Points

Thursday, August 04, 2011

Thursday was a bad day for the markets as the Dow fell 513 points, or more than 4 percent. Why? Continued worries about Europe, Italy and Spain in particular, plus some sell-off that could be attributed to the monthly jobs report due out Friday.

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The Takeaway

The Unemployment Gender Gap

Thursday, August 04, 2011

Does unemployment affect males and females differently? The economic downturn has been called a "mancession." Are we now in the midst of a "he-covery?" According to the Pew Research Center, men lost more than twice as many jobs than women during the Great Recession, but the recovery has reversed that trend. Between June 2009 and May 2011, men gained jobs while women continued to lose them. What accounts for the unemployment gender gap, and will the trend continue?

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The Takeaway

Despite Unemployment Numbers, Seasonal Jobs Go to Foreign Workers

Wednesday, August 03, 2011

The federal government plans to release new unemployment figures on Friday. Will July's numbers be as dismal as June's? All week, The Takeaway is speaking with experts, employers, and out-of-work Americans about unemployment-related issues. Today, we're discussing foreign workers. With unemployment hovering around 9.2 percent, why do so many seasonal employers choose to hire workers from outside the U.S.?

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The Takeaway

How the Debt Ceiling Compromise Will Affect Unemployment

Tuesday, August 02, 2011

The new debt ceiling compromise comes with $2.1 trillion in cuts over the next decade. With the flailing economy and anemic job market, how will these cuts affect unemployment? When it comes to jobs, are there any sure-fire professions or regions of the country left? Beth Kobliner talks about what segments of the economy we can expect to expand in the new climate and what will suffer. In addition to being the author of "Get a Financial Life," Kobliner is also an appointee to the President’s Advisory Council on Financial Capability.  

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The Takeaway

How Can We Get the Long-Term Unemployed Back to Work?

Monday, August 01, 2011

The U.S. Bureau of Labor Statistics will release the latest unemployment numbers on Friday. In anticipation of what could be discouraging news, we're kicking off a weeklong series about unemployment-related issues. Today we focus on the long-term unemployed. What can be done to get them back in the job market? Our guest says one solution is offering incentives to employers to hire the long-term unemployed over those who already have jobs.

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The Takeaway

What Does It Mean To Be Long-Term Unemployed? Stories from This Week

Friday, July 15, 2011

Congress is debating over raising the debt ceiling and meanwhile, Americans are struggling everyday with the harsh realities of the troubled economy. This week we spoke with individuals who have battled unemployment or temporary jobs for years. Today we compiled their stories into one segment.

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