Our middle class is not spending enough to keep everyone employed; they are not spending enough because they don't have the money to spend. A revival of the union movement, or something comparable to it, will be vital to the survival of the middle class and a revival of the economy.
How are we to explain these differences? The United States was, after all, the epicenter of the world financial crisis and recession in 2008. But U.S policy-makers responded to the recession with different policies. Most important was monetary policy.
As more and more technology folks end up in the unemployment pool, the U.S. job market is entering a new phase which is related to this particular group. A slew of me-too workers are lingering in the potential hire pool, leaving companies wondering what to do with them.
For many people, the beginning of 2014 is marked by aspirations of finding a new and better job. With a national unemployment rate of 6.7 percent, the...
With last month's expiration of emergency federal jobless benefits, only regular state unemployment insurance (UI) benefits are available to qualifyin...
The shameful attempt to make game of the most vulnerable among us is likely to play out in the Senate arena this week, where Sen. Kelly Ayotte and conservative teammates are forcing a choice between poor, mostly Latino children and those who are jobless in a struggling economy.
We are failing to use all the productive resources available to us and, as a result, over 200 million people are unemployed around the world. On the other hand, we live beyond our natural limits because we use more natural and finite resources than is sustainable. A huge opportunity thus presents itself.
With the world changing as fast as it is, how do we best ensure young people are prepared for the world of work from here forward? Keep in mind that along with the jobs being phased out, countless more jobs don't even exist yet.
Some Republicans get it. This depression has wiped out a generation of older workers whose jobs don't exist anymore. If they try to switch careers, they're competing against highly trained younger workers -- who are also unemployed.
Something is horribly wrong with both America's employment situation and with the way we measure it. In case you missed the news, the economy generated just 74,000 payroll jobs in December, but the unemployment rate dropped by three tenths of a percentage point, from 7.0 percent to 6.7 percent. How can that be? Simple: more and more people have just given up looking for work. The percentage of prime age people in the active work force is now just 62.8 percent, the lowest since 1978, a time when far fewer women worked . And the proportion of long term unemployed remains stuck at historic highs.
The Republican argument against extending unemployment insurance benefits is disingenuous, mean-spirited, and insincere. But instead of calling them out on it, loudly and repeatedly, many Democrats are likewise lamenting that "we can't find enough money."
You may think being unemployed is license to sit around all day watching marathons of House Hunters and Pawn Stars -- and who could blame you? The problem is that watching TV doesn't give you much to talk about with others.
It's as if your speedometer is off kilter such that when you're driving 40 mph it says 60 mph. Under those conditions, you'd be likely to put on the brakes to slow down before you really wanted to.
If policymakers are truly concerned about the debt, as they claim, then there is no excuse for offsetting the costs of sequestration relief, a UI extension, and relief for Medicare physicians but not offsetting the cost of continuing this grab-bag of tax breaks.
An analysis of personal financial disclosure data by the non-partisan Center for Responsive Politics reveals that "for the first time in history" a majority of senators and representatives are millionaires.
On the 50th anniversary of the War on Poverty, many Americans are still operating under the assumption that people choose to be poor and unemployed, that they'd rather be lazy than rich, that they can afford the basic necessities of life. But the numbers tell a different story.