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Unemployment

WNYC News

Unemployment Falls in NYC But Rises in State

Thursday, December 16, 2010

WNYC

Bucking the national trend, New York City unemployment dropped slightly last month. 

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WNYC News

New Jersey Adds 10,000 Jobs But Unemployment Rate Stays the Same

Wednesday, December 15, 2010

WNYC

New Jersey gained 10,000 jobs in November, but not enough to lower the state's unemployment rate of 9.2 percent.

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It's A Free Blog

We Can’t Afford to Lose a Generation

Friday, December 10, 2010

Young people have been hit the hardest by the economic recession. One out of four unemployed persons is under the age of 25 and nearly 20 percent of all young workers are currently unemployed. More than 1.3 million workers under the age of 25 have left the work force since the recession began in December 2007.

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The Takeaway

Top of the Hour: Obama Faces Own Party on Tax Cuts, Morning Headlines

Wednesday, December 08, 2010

President Obama is facing angry members of his own party over the deal he cut with Congressional Republicans, in which Bush-era tax cuts would be temporarily extended in exchange for an extension of unemployment benefits. 

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The Takeaway

Unemployment Numbers Rise as Hiring Slows

Friday, December 03, 2010

Employers added only 39,000 jobs last month — a big decline from October's 172,000. Private companies created the fewest number since January. The anemic month for the labor sector pushes the national unemployment rate from 9.6 to 9.8 percent. That's 19 months of a rate over 9 percent, the longest stretch on record. What do the new numbers mean for the economy? 

 

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It's A Free Country ®

Unemployed New Yorkers Facing Sudden End to Benefits

Friday, December 03, 2010

Unemployment figures released today paint a somber picture for job seekers. The nation's unemployment rate climbed to 9.8 percent in November, a seven-month high.

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WNYC News

Unemployment Rate Climbs to 9.8 Percent as Economy Adds 39,000 Jobs

Friday, December 03, 2010

Hopes that the businesses have hired more people as the economy recovers were scuttled Friday after the government reported anemic job growth in November. The government reported this morning that the nation’s payrolls increased by on by 39,000 jobs.  Economists had been expecting an increase closer to 150,000.

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The Takeaway

Top of the Hour: Today's Jobs Report, Morning Headlines

Friday, December 03, 2010

Today the Labor Department will release job numbers for November. Unemployment is expected to stay even at 9.6 percent, making this the longest continuous stretch of high unemployment since the Great Depression. 

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The Takeaway

More Jobs, But are They As good?

Thursday, December 02, 2010

Non-farm employment grew by 151,000. While some 14.8 million people remain out of work, the data suggests some are still finding new jobs, suggesting continued reason for cautious optimism on the job front. 

Former airline worker Richard Iritano, who remains unemployed since March, came on the show today to speak about his own experience. But there are also those who have been able to find work in the last month. 
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The Takeaway

Two Million Americans to Lose Unemployment Benefits

Thursday, December 02, 2010

The deadline for Congress to extend benefits to those who have been unemployed for up to 99 weeks is quickly passing. This means that up to two million Americans could lose their unemployment benefits over the next few weeks. Richard Iritano stopped receiving unemployment benefits on March 28, 2010, after 99 weeks without a job. He discusses his experiences as an unemployed American.

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The Takeaway

Congress Weighs Unemployment Benefits

Tuesday, November 30, 2010

Earlier this month, a bill to extend benefits for three months for the long-term unemployed was defeated in Congress. The cost of extending benefits would have equaled roughly $12 billion.

But while Capitol Hill has thus far been unwilling to spend $12 billion for the unemployed, Republicans on the Hill have also announced their intention to extend the Bush tax cuts for the wealthiest two percent of Americans. The price tag to do so for 2011? Roughly $36 billion.

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WNYC News

Extended Unemployment Benefits Running Out

Tuesday, November 30, 2010

A vital lifeline for the jobless is starting to slip away.
Extended unemployment benefits -- beyond the traditional 26 weeks --  will end for millions of Americans, if Congress does not approve additional funding today.
In New York State that means 200 thousand people in will stop collecting benefits by December 31st.
Already, paying out all those checks has depleted state coffers. Colleen Gardner is the Commissioner of Labor.
[CutID: <DAVID:DigaSystem\NEWS>PB8-USER4_D2E94E8D7C8C4CCDBE5117949B871A13.WAV
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[our unemployment insurance trust fund has been insolvent almost two years. We're gonna owe 3.2 billion dollars starting next year.]
Gardner estimates it could take as long as 9 years to repay funds the state borrowed from the federal government.
To try to make a dent in that debt, employers will pay a surcharge of point-two-seven-five percent on every worker's salary, starting next year.
The state's unemployment rate was 8-point-3 percent in October.

A vital lifeline for the jobless is starting to slip away. Extended unemployment benefits, running beyond the traditional 26 weeks, will end for millions of Americans if Congress does not approve additional funding.

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The Takeaway

Giving Thanks in Tough Economic Times

Wednesday, November 24, 2010

It's the day before Thanksgiving, and with the nation’s unemployment rate at 9.6 percent, many Americans are facing a difficult holiday season. Lyndon Dees, a listener from Stillwater, Oklahoma, knows what tough times are like. Lyndon lost his job in August, 2009, and has yet to find a new position.

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WNYC News

New York City Added Jobs in October

Thursday, November 18, 2010

Unemployment dipped slightly in New York City last month, as all five boroughs saw job growth.

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The Takeaway

Surprisingly Sackable Offenses

Tuesday, November 16, 2010

The Constitution guarantees Americans freedom of speech, religion and association ... but there's no guarantee that your employer won't fire you for exercising some of these entirely legal rights. That's what Best Buy employee Brian Maupin discovered, after he was fired for posting a YouTube video making fun of Apple fans' slavish devotion to the iPhone. Employees of businesses around the country get fired every day for lesser (and in some cases, unusual) offenses.  We asked Takeaway listeners for what counted as firing offenses in their workplace, and got a wide range of responses.

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The Takeaway

New Economic Figures: 'Non-End-of-the-World-Data-Flow'

Friday, November 05, 2010

The Fed yesterday called economic recovery "disappointingly slow," but there may be some optimistic news out today. Unemployment numbers released today place the unemployment rate holding steady at 9.6 percent, but nonfarm payrolls are up 151,000. Yahoo Finance economics editor and columnist Dan Gross deciphers the numbers for us, and tells us about what he calls "non-end-of-the-world-data-flow."

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WNYC News

US Adds 151,000 Jobs

Friday, November 05, 2010

The U.S. economy added jobs in October for the first time since last spring due to hiring in the private sector.

The private sector hired 159,000 employees last month. That is the tenth consecutive month of job gains for the nation’s businesses.  Since the start of the year, private sector employers have hired 1.1 million employees.

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The Takeaway

Unemployment Rate Among African-Americans Still Among Highest

Friday, November 05, 2010

The economic crisis has been felt in most sectors of the economy, and among most communities as well. A year ago, we spoke about how one of the communities most negatively effected was the African-American community. Today we get another glimpse of that impact in the monthly report from the Labor Department. National unemployment for blacks in the third quarter of 2010 was at over 16 percent. Are we seeing a destruction of the black middle class? 

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The Takeaway

Jobs Report Offers Encouraging Numbers

Friday, November 05, 2010

Today the Labor Department reported 151,000 new jobs added to the economy — the most in five months. Some are saying this could be a sign that the country's financial situation is improving, and that the private sector could finally be gaining traction again. We're joined now by Wall Street Journal reporter Kelly Evans, who says it might help the labor market finally lift off. 

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WNYC News

Paterson Suggests Ways to Close New Budget Deficit

Thursday, November 04, 2010

In the midst of a busy election day, more bad news about New York state's budget was overshadowed. Governor David Paterson’s budget director Robert Megna said a new $315 million budget gap has opened up midway through the fiscal year. He said it’s largely due to the continuing recession, which has created lower than expected tax collection revenues and higher spending on Medicaid and other social services due to higher unemployment rates.

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