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August Jobs Report

Jobs Day! First Impressions -- A Disappointing Report, But One Month Does Not a New Trend Make

Jared Bernstein | Posted 11.05.2014 | Business
Jared Bernstein

In a surprisingly downbeat look at last month's job market, today's jobs report shows payrolls up only 142,000 in August, a downward revision to June's gain, flat weekly hours, and a slight tick down in the labor force.

Mark Gongloff

Economy Barely Budges In Disappointing Jobs Report | Mark Gongloff | Posted 09.05.2014 | Business

Like the monster at the end of a horror movie, the lame, sluggish recovery that we thought was dead just crawled out of the grave to give us another s...

Mark Gongloff

Unemployment Is Mediocre And Congress Is About To Make Thing Worse | Mark Gongloff | Posted 09.06.2013 | Business

The U.S. job market is turning ugly, exposing the folly of the Fed's plan to tighten monetary policy and Congress' hellbent march toward another destr...

Mark Gongloff

Jobs Report Masks Real Problems In U.S. Labor Market | Mark Gongloff | Posted 08.02.2013 | Business

Fed Chairman Ben Bernanke has said the official U.S. unemployment rate could mask the real problems in the labor market. He got proof of that in July'...

Daddy, Where Do Jobs Come From?

Jared Bernstein | Posted 11.15.2012 | Business
Jared Bernstein

The most direct way to create jobs, the only surefire way to be sure stimulus will work, is direct job creation. But we live in a dark age where any fiscal policy to create jobs is viewed as European socialism, despite the fact that Europe's even more austere than we are.

Economic Policy Beyond Gimmicks

Jeffrey Sachs | Posted 09.08.2012 | Politics
Jeffrey Sachs

It's hard to imagine a less satisfactory jobs report at this stage of President Obama's term. The economy is dead in the water.

The Jobs Report News Just Got Worse

AP | The Associated Press | Posted 11.07.2012 | Business

August was a weak month of hiring with just 96,000 new jobs created. While many industries added jobs, they largely came in low-paying fields. ...

Bonnie Kavoussi

'We've Ended Up With Tea Party Economic Policy' | Bonnie Kavoussi | Posted 09.08.2012 | Business

Five years after the economic downturn began, the unemployment rate is nearly double what it was in 2007. According to some economists, politicians ar...

Lackluster Jobs Report Ups Pressure on Fed

Kevin Dunning | Posted 09.07.2012 | Business
Kevin Dunning

More pressure increases on the Federal Reserve to loosen monetary policy further in order to boost the economy, but this move would be extremely controversial among Republicans, who could accuse the Fed of taking political sides.

'Not Good Enough'

AP | Posted 11.07.2012 | Politics

PORTSMOUTH, N.H. — President Barack Obama says news that private employers created just 96,000 jobs last month is "not good enough" and the econ...

Lackluster Jobs Report May Push The Fed To Act

AP | PAUL WISEMAN and CHRISTOPHER S RUGABER | Posted 11.07.2012 | Business

WASHINGTON — American employers cut back sharply on hiring last month, crushing hopes that the job market was improving and putting more pressur...

What August's Jobs Report Tells Us

Mohamed A. El-Erian | Posted 11.07.2012 | Business
Mohamed A. El-Erian

Notwithstanding citizens dropping out of the labor force, 5 million Americans were classified in August as "long-term unemployed." Meanwhile, teenage joblessness rose to over 24% -- an alarming level given the risk that out of work youth face in going from being unemployed to being unemployable. As hard as Ben Bernanke and his Fed colleagues try -- and they have been trying very hard, taking monetary policy ever deeper into unfamiliar/experimental territory -- the institution does not have the proper tools to deal with our unemployment crisis. The bottom line is a simple one. It should concern us all as citizens and parents. And it is worth repeating over and over again: If Congress is not careful, these trends will further increase an already-material risk that, for the first time in a very long time, our children's generation may be worse off than that of their parents.

Ryan Attacks Failed Leadership In Wake Of Jobs Report

AP | Posted 11.07.2012 | Politics

LOS ANGELES (AP) -- Republican vice presidential nominee Paul Ryan says the latest unemployment report shows the economy is "limping along" as a resul...

White House Sees Silver Lining In Disappointing Jobs Report

AP | Posted 11.07.2012 | Politics

WASHINGTON -- The chairman of the White House Council of Economic Advisers says the latest jobs report offers signs of an improving economy. But he ac...

Mitt Romney Talks About 'Hangover'

Posted 09.07.2012 | Politics

BOSTON (AP) — Republican presidential candidate Mitt Romney says the latest disappointing jobs report shows President Barack Obama's policies are no...

And They're Off...

AP | BEN FELLER | Posted 11.07.2012 | Politics

CHARLOTTE, N.C. — A dismal new snapshot of jobs in America shadowed the presidential campaign on Friday, testing the voter patience that will sa...

August Jobs Report, First Impressions (Update)

Jared Bernstein | Posted 11.07.2012 | Business
Jared Bernstein

After two weeks of lofty speeches about vision, family, who gets it and who doesn't, there's nothing like a monthly jobs report to bring you back to the reality of the economic moment.

Jobs Report Disappoints After DNC

AP | CHRISTOPHER S RUGABER | Posted 11.07.2012 | Business

WASHINGTON -- U.S. employers added 96,000 jobs last month, a weak figure that could slow the momentum President Barack Obama hoped to gain from his sp...

Education Is a Viable Solution to the Jobs Crisis

Michelle Asha Cooper, Ph.D. | Posted 11.28.2011 | Education
Michelle Asha Cooper, Ph.D.

If we fail to work collaboratively and centralize the role of education in conversations about long-lasting job and economic growth, we will continue to be frustrated and our efforts will produce minimal results.

The August Jobs Report

Jared Bernstein | Posted 11.02.2011 | Business
Jared Bernstein

Okay, deep breath. The job market was weaker than expected in August, as employers added no new jobs, on net. There were some extraneous factors, but they don't change the dismal result.

Labor Day: A Day to Rest, Remember, and Act -- For "Entitlements" and Jobs

Richard (RJ) Eskow | Posted 11.02.2011 | Politics
Richard (RJ) Eskow

How far have we really come in the last hundred years? Workers and their rights are under attack all across the country at the local, state, and national levels.

Job Report Wows Wall Street, but Strikes out on Main Street

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Wall Street had an enthusiastic reaction to Friday's disclosure of a better-than-expected August employment report. But is the report nothing more than a paper tiger?