The job guarantee asserts that, if individuals bear a moral duty to work, then society and employers bear a reciprocal moral duty to provide good, dignified work for all. It would finally make real the ideal, stated in Franklin Roosevelt’s “Economic Bill of Rights,” that every American possesses a “right to a useful and remunerative job” and “to earn enough to provide adequate food and clothing and recreation.” Not a paternalistic aid, and not some tribute to aristocratic virtue, but a right to be claimed and exercised
President Obama left his successor a strong foundation on which to build real economic prosperity. If Donald Trump pursues policies that weaken it, he could end up putting the whole structure – and people’s economic security – at risk.
In its annual report on income and poverty, the Census Bureau said Tuesday that the share of people in the U.S. living in poverty dropped to 13.5 percent in 2015, marking one of the biggest annual declines in decades.
Though Trump didn’t say so, the larger criticism of the unemployment rate revolves around how it counts—and doesn’t count—the jobless. Today, the official unemployment rate counts only those actively seeking a job.
Last month’s strong job growth should reinforce the Fed’s confidence in a labor market that officials view as at or near full employment.
Washington (AFP) — New claims for U.S. unemployment insurance benefits fell more than expected last week, another sign of tightening in the jobs market, official data released Thursday showed. Initial jobless claims fell to 298,000 in the week ending August 16 from the revised 312,000 the previous week, the Labor Department said. The decline in […]
By Kevin G. Hall, McClatchy Washington Bureau WASHINGTON — Job growth surged in June, capping the best first half since 1999, driving blue chip stocks to a record high, and leading analysts to say the economy is shifting to higher gear. Employers added a sizzling 288,000 jobs last month, the Labor Department said, pushing the […]
By Don Lee, Tribune Washington Bureau WASHINGTON — U.S. employers added a robust 288,000 jobs last month and the unemployment rate fell to a six-year low of 6.1 percent, the government reported Thursday. The net job growth in June exceeded analysts’ expectations and signaled a strengthening labor market as the economy moves past a weak […]
New York (AFP) – U.S. weekly jobless claims fell more than expected for the week ending December 21, the government said on Thursday. First-time claims for U.S. unemployment benefits fell 42,000 to 338,000 from an adjusted 380,000 the previous week, the Labor Department said. Analysts had projected that 350,000 claims would be filed. Analysts caution […]
Bloomberg News surveyed a wide range of economists — many of whom work at Wall Street investment banks where the executives have flocked to donate to Mitt Romney’s presidential campaign — and they generally seem to agree that the Obama jobs plan (don’t call it a stimulus!) would help stave off a “double-dip” recession: President […]
In testimony before the House Financial Services Committee Wednesday, Fed Chairman Ben Bernanke indicated that the central bank would commit to another round of stimulus if economic growth continues to stall. The Fed Chief acknowledged that economic numbers from the first half of 2011 were less than impressive. Attributing the dismal 9.2% unemployment rate from […]
As the early August debt-ceiling deadline looms, the release of two dismal economic reports can only fan the flames of partisan debate. Both the BLS and the U.S. Department of Commerce release data that points to yet another economic slowdown. The increase in the unemployment rate, the widespread shedding of government jobs, and the increase […]
WASHINGTON (AP) — Hiring slowed to a near-standstill last month. Employers added the fewest jobs in nine months and the unemployment rate rose to 9.2 percent. The economy generated only 18,000 net jobs in June, the Labor Department said Friday. And the number of jobs added in May was revised down to 25,000. The latest […]
The 2012 presidential race will see Barack Obama competing vigorously in some of the states he turned blue in 2008 with burgeoning Hispanic populations, like Nevada, Virginia and North Carolina, as well as others that were out of reach but are seeing even larger growth in the Latino community, like Arizona and Georgia. On the […]