Blog
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Only 11% of Long-Term Unemployed Find Jobs
The situation is even bleaker than it might seem for the 3.8 million Americans classed as long-term unemployed, a new study finds. Only 11% of the long-term unemployed in any given month had found work a year later, according to research from three Princeton University economists, and they are... Go to Source Author: Rob Quinn
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Fed: Unemployment Isn’t Our Guide Anymore
The Federal Reserve will no longer rely on the unemployment rate as its be-all, end-all indicator of economic health, it announced today. Until now, the Fed has set its goal at 6.5% unemployment. But as the jobless rate nears that threshold , the central bank said it would keep rates... Go to Source Author: Kevin Spak
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Long-Term Unemployed May Get Benefits After All
Long-term unemployed people who lost their benefits at the end of last year now have hope of getting that money after all. A group of bipartisan senators struck a deal today to extend the benefits for five months, retroactive to December, reports Politico . Because five Republicans already have signed on... Go to Source Author: John Johnson
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Unemployment Ticks Up to 6.7%
Pretty decent news in today's jobs report: 175,000 jobs were added in February; economists had expected 152,000. The unemployment rate ticked up from 6.6% to 6.7%. It had been expected to drop to 6.5%, but the AP explains why you shouldn't be alarmed: It went... Go to Source Author: Evann Gastaldo
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Jobless Rate 6.6%, but That Fails to Impress
Another disappointing jobs report: Just 113,000 jobs were created in January; economists had expected 189,000, and the average monthly gain in 2013 was 194,000. The unemployment rate did tick down to 6.6% from 6.7% , as had been expected; that's a 5-year low, the AP reports.... Go to Source Author: Evann Gastaldo
