Author Archive
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Young Americans giving up on job searches as unemployment reaches higher levels
“I have waited long enough for Obama to bring his shovel ready jobs,” said 26-year-old Austin Taylor, from San Antonio. “It’s obvious he is not delivering while my peers and I remain unemployed.” Taylor is just one of the 16.8% of the nation’s young adults who remain unemployed. Paul T. Conway, the former Chief of Staff of the US Department of Labor, should know a thing or two about adults ages 18-29 and their struggles with unemployment. Conway ...
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Unemployment Stories, Vol. Three: ‘Absolute Hell’
Every week, we're bringing you true stories of unemployment, from the vast land of unemployed America. Today: depression, redemption, struggle, optimism, and the bitterness of the 99%. This is what's happening out there. Do I really have to do this again? I am a mid-30s female with an Ivy League graduate degree. I just received my third layoff in a little over four years. The first layoff was just a month or so long, and I found ...
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The new minority: Millions of long-term unemployed looking for hope
BRIDGEPORT, Conn. — Joe Carbone can't sleep — and the odd thing is, he deals in hope. Carbone is the President and CEO of The WorkPlace, Inc., a non-profit workforce and economic development organization in Bridgeport, Conn. He developed an experimental program to help the long-term unemployed that was recently featured on "60 Minutes." But the problem of the long-term unemployed in America is so large it weighs on him. "I can't tell you what this ...
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NC unemployment rate holds steady in May
North Carolina's unemployment rate was unchanged last month at 9.4 percent, breaking a four-month streak of declining unemployment rates, state officials said Friday. Continue reading here: NC unemployment rate holds steady in May
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District unemployment falls in May
The unemployment rate rose in Maryland, fell slightly in the District and remained unchanged in Virginia in May, according to a Labor Department report released Friday. The District’s unemployment rate fell to 9.3 percent in May, down from 9.5 percent the month before. Maryland’s jobless rate inched up to 6.8 percent from 6.7 percent in April, while Virginia’s unemployment rate remained steady … Continue reading here: District unemployment ...
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Alabama unemployment rate up to 7.4 percent
Alabama's unemployment rate has increased for the first time since last summer. Read the rest here: Alabama unemployment rate up to 7.4 percent
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Unemployment driving foreclosures up
The foreclosure crisis always has been a different animal in Ohio than in other parts of the country, according to housing advocates. See original here: Unemployment driving foreclosures up
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How Tax Break for Overseas Profits Went Awry (June 09)
Researchers were able to calculate that $300 billion in overseas profit was repatriated by American companies in 2005, when they had to pay a tax rate of just 5.25 percent, rather than the normal corporate tax rate of 35 percent. The amount was five times the normal amount of repatriations. See original here: http://dealbook.blogs.nytimes.com/2009/06/05/how-tax-break-for-overseas-profits-went-awry/
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Offshore Outsourcing and America’s Competitive Edge:Losing out in the High Technology R&D and Services Sectors
Source: Office of Senator Joe Lieberman, May 11, 2004 I am releasing this white paper in hopes that it will stimulate a deeper review of the long term implications for our policy responses and change the terms of the debate on the offshore outsourcing issue. The issues raised in this report go well beyond the current debate and focus on the next wave of this challenge, which potentially could affect high end R&D research jobs, ...
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The Real Deficit Culprits: Offshoring and Corporate Tax Evasion
Source: In These Times, April 21, 2011 One of the major causes of current high, chronic levels of unemployment in the United States is offshoring by U.S. corporations. Less well known, however, is that these same multinational corporations are a significant cause of not only millions of lost jobs, but of trillions of dollars of lost tax revenue as well—thus contributing significantly to current and future budget deficits. A recent report by the U.S. Commerce Dept., a ...