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Jobs Report

TODAY: Jobs Report Coming

Reuters | Posted 07.31.2012 | Business

* Nonfarm payrolls likely rose 150,000 in May * Unemployment rate seen unchanged at 8.1 percent * Average hourly earning...

May Jobs Report: Some Context

Jared Bernstein | Posted 07.31.2012 | Business
Jared Bernstein

With the Friday jobs report, you want to think about the nexus of jobs and policy in the longer term, which in this case asks, "what did the administration do to offset the massive contraction in labor demand, aka the Great Recession?" The answers to that are the Recovery Act, financial and auto rescues, unemployment insurance extensions, payroll tax cuts, and more. Those measures demonstrably pulled the recovery, tepid as it is, forward, saved and created millions of jobs, and hastened the turnaround in net jobs growth. You might also want to note that Republicans have generally tried to block all of the above, and since 2010, have successfully blocked efforts like the American Jobs Act to do more to help offset the residual drag from the downturn. In that regard, their fingerprints are the most prominent ones on the current slog.

Mark Gongloff

7 Reasons The Jobs Report Might Be Lousy Again | Mark Gongloff | Posted 05.31.2012 | Business

It's almost that time again, America: We're less than 24 hours away from the latest jobs report, which could help decide the 2012 presidential electio...

Romney Makes Bold Prediction On Unemployment Rate

The Huffington Post | Sam Stein | Posted 05.23.2012 | Politics

Mitt Romney, in a sit-down interview with Time's Mark Halperin, said that by the end of his first term as president he would get the unemployment rate...

How Bad Things Are

Paul Krugman | Posted 07.08.2012 | Business
Paul Krugman

If you have any familiarity with the world, in short, you know that involuntary unemployment is very real. And it's currently a very big deal. How bad is the problem of involuntary unemployment, and how much worse has it become?

The View From the Rooftops

Mitch Feierstein | Posted 05.07.2012 | Business
Mitch Feierstein

Shareholders need to take a hit. That way, the ground will be cleared for better managed companies and stockholders will be reminded about the responsibilities of ownership. And central bankers should take responsibility too.

Sunday Roundup

Arianna Huffington | Posted 07.06.2012 | Politics
Arianna Huffington

On this week's NBC special about the killing of Osama bin Laden, Brian Williams repeatedly held up the famous photo of administration members watching the raid and asked those in the photo, "What does it conjure up inside of you?" This week also brought the latest job numbers, which revealed the lowest percentage of adults working or looking for work in 30 years. Maybe Williams should tape a follow-up special where he holds up a copy of the jobs report and asks administration members, "What does it conjure up inside of you?" Contrasting the White House's relentless focus on the bin Laden operation with its lack of relentless focus on the economy is enough to make one want to scream. Hmm, maybe Edvard Munch could paint it and we could raise $120 million to help the unemployed.

The Labor Force Shrinks. Is Economic Growth Next?

The Washington Post | Posted 07.05.2012 | Business

If the same percentage of adults were in the workforce today as when Barack Obama took office, the unemployment rate would be 11.1 percent. If the per...

Obama Wants To See 'Common Sense' From Congress

Reuters | Posted 07.04.2012 | Politics

ARLINGTON, Va., May 4 (Reuters) - President Barack Obama said on Friday he would urge Congress next week to implement "common sense ideas" to accele...

Romney On Unemployment: 'Not Cause For Celebration'

The Huffington Post | Sam Stein | Posted 05.04.2012 | Politics

Early on Friday, Mitt Romney declared that a signal of a strong economy would be one creating roughly 500,000 jobs a month. The number was arbitrary; ...

Sam Stein

Romney Says Obama Should Have Historically Rare Metric For Job Growth | Sam Stein | Posted 05.04.2012 | Politics

WASHINGTON -- Friday's news of yet another month of tepid job growth in April provided Mitt Romney with an opening both to criticize the president's p...

Mark Gongloff

Unemployment Rate Falls To 8.1 Percent As People Give Up On Looking For Work | Mark Gongloff | Posted 07.04.2012 | Business

While the U.S. unemployment rate in April was the lowest it's been in more than three years, the unemployed may simply be falling off the government's...

Dow Surges To Highest Level In More Than Four Years

Reuters | Posted 07.01.2012 | Business

* Herbalife shares tank on Einhorn remarks * ISM manufacturing growth tops expectations * Chesapeake to replace McClendo...

In the Words of Jerry Maguire, We Live in a Cynical, Cynical World -- and Our Habits Reflect It!

Dee Evans | Posted 06.10.2012 | Politics
Dee Evans

If we had lost jobs in March, I would join the choruses of "this is not good" comments across the media spectrum, but to go into such a tailspin over a report that indicates our country once again gained jobs (although 83,000 less than some predicted) is ridiculous.

Debbie Wasserman Schultz: GOP 'Rooting For Economic Failure'

The Huffington Post | Alana Horowitz | Posted 04.08.2012 | Politics

Debbie Wasserman Schultz slammed her Republican colleagues on Sunday during an appearance on CNN's State of the Union with Candy Crowley. Asked abo...

Mild Winter Weather Might Have Made The Economy Look Better Than It Is

The Washington Post | YLAN Q. MUI | Posted 04.07.2012 | Business

As most Americans basked in the warmest, sunniest March in half a century, economists stared at the skies with dread: Could good weather portend ba...

Charter School Fires Entire Teaching Staff

The Huffington Post | Alexander Eichler | Posted 04.06.2012 | Business

Layoffs may be on the wane, but they haven't stopped entirely. Just ask the teachers at Philadelphia's Frontier Virtual Charter High School. On Mar...

Bonnie Kavoussi

Would You Like That Job With A Side Of Wage Decline? | Bonnie Kavoussi | Posted 04.06.2012 | Business

Would you like your job with a side of wage decline? Restaurants and the food service industry added 188,500 jobs in March, well more than the net...

Want Jobs? Rescue Homeowners -- and Spend, Baby, Spend

Richard (RJ) Eskow | Posted 06.06.2012 | Business
Richard (RJ) Eskow

Let's tax the wealthy, help homeowners, and spend some money to put more people back to work. When that's done we can pivot to deficit reduction -- with millions of additional workers able to contribute to that effort with their taxes.

What Friday's Job Numbers Mean

Robert Reich | Posted 06.06.2012 | Politics
Robert Reich

President Obama will claim the economy is improving -- and, technically, it is. Growth this year will most likely average around 2 percent. The problem is, most Americans aren't feeling it in their paychecks.

Romney Slams Jobs Report As 'Weak And Very Troubling'

The Huffington Post | Luke Johnson | Posted 04.06.2012 | Politics

Mitt Romney slammed the worse-than-expected jobs report Friday that showed the economy only added 120,000 jobs in March. This is a weak and very tr...

Mark Gongloff

Sure You Can Get A Job, But It Won't Pay Much | Mark Gongloff | Posted 04.05.2012 | Business

The job market these days is sort of like that old Catskills joke: The food is terrible, and the portions are so small. The jobs are lousy, and the...

Signs Of Life On Main Street

The Huffington Post | Alicia Ciccone | Posted 04.03.2012 | Small Business

Small business employment in March rose 0.3 percent, the highest single-month growth rate in over two years, according to the latest Intuit Small Busi...

Arthur Delaney

The Indignity Of A Layoff After Decades Of Hard Work | Arthur Delaney | Posted 03.24.2012 | Business

Linda Hall of Spokane, Wash. has worked hard all her life but hasn't earned any respect from the labor market. Laid off for the first time at age 62, ...

Jobs -- The GOP Needs a New Alibi

Daniel Dicker | Posted 05.12.2012 | Business
Daniel Dicker

Much of the hope of the Republicans for making President Obama a one-term leader has been based around the idea of a continuing crisis economy -- the last three months of jobs reports have dashed many of those hopes.