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February 15, 2014
csmonitor:

Can long-term unemployed find work in improving US economy? There’s hope.

Our current point is nearly the same as the peak of long-term unemployment in the 1980s. Think about that.

csmonitor:

Can long-term unemployed find work in improving US economy? There’s hope.

Our current point is nearly the same as the peak of long-term unemployment in the 1980s. Think about that.

12:08 // 2 months ago
February 7, 2014
Here’s a great Quartz chart breaking down today’s unemployment report. It’s not a particularly great report this time out, with only modest job growth, but the drop in the U6 unemployment rate is pretty significant.

Here’s a great Quartz chart breaking down today’s unemployment report. It’s not a particularly great report this time out, with only modest job growth, but the drop in the U6 unemployment rate is pretty significant.

20:28 // 2 months ago
January 27, 2014
15:53 // 2 months ago
December 27, 2013
17:05 // 3 months ago
December 6, 2013

Unemployment at five-year low

  • 7.0 percent unemployment in November, per the latest jobs numbers. That’s the lowest unemployment rate since November 2008. Some of the positive aspects in the report owed in part to the re-opening of the government after the shutdown in October, but others — a healthy hiring rate, higher wages and more hours for workers — imply that the economy is, at the very least, not getting worse. source
19:23 // 4 months ago
November 8, 2013

Stuff you may have missed: November 8, 2013

On the death-by-poison-at-the-hands-of-government beat, Pablo Neruda wasn’t poisoned by the Chilean government in 1973, but Yasser Arafat may have been poisoned by the Israeli government in 2004. (Though, then again, a Russian report throws cold water on that idea.)

Despite the government shutdown, job growth actually increased in October. Alas, so did the unemployment rate.

Can the HPV vaccine cause infertility? Doctors are skeptical, but these two sisters are suing over that very issue.

Gogo Internet is adding a “Talk and Text” capability to its in-flight Wi-Fi system. Awesome.

Patrick Ewing, surprise head coach.

21:36 // 5 months ago
October 17, 2013

Computer glitches likely to blame for slightly reduced jobless claim numbers

  • 358K Americans filed jobless claims last week, down roughly fifteen thousand from the six-month peak reported last week, but more than twenty thousand claims higher than the 335,000 that analysts were expecting. Worse, the number could rise, as California is currently struggling with a series of computer woes that have slowed the state’s ability to process new applications. The four-week moving average also rose by nearly 12K to 336,500 weekly claims. source
13:47 // 6 months ago
July 11, 2013
This is undoubtedly an amusing headline, but it actually touches on a serious issue in democracies: How can policymakers sell and implement necessarily policy when the general public is almost comedically misinformed about what policy is needed? The poll cited showed that Britons believe that 24% of jobless benefits are fraudulently claimed (the actual number is .7%); that violent crime is rising (it’s falling); that immigrants comprise 1/3 of the population (more like 13%); and that teen pregnancy is roughly 26 times higher than it actually is. “Politicians need to be better at talking about the real state of affairs of the country, rather than spinning the numbers,” said one of the pollsters involved. In addition, “the media has to try and genuinely illuminate issues, rather than use statistics to sensationalise.” So, in other words, the incentives structure of politics and the media needs to do a complete 180 from where they are now. Awesome, that should be a quick fix. source

This is undoubtedly an amusing headline, but it actually touches on a serious issue in democracies: How can policymakers sell and implement necessarily policy when the general public is almost comedically misinformed about what policy is needed? The poll cited showed that Britons believe that 24% of jobless benefits are fraudulently claimed (the actual number is .7%); that violent crime is rising (it’s falling); that immigrants comprise 1/3 of the population (more like 13%); and that teen pregnancy is roughly 26 times higher than it actually is. “Politicians need to be better at talking about the real state of affairs of the country, rather than spinning the numbers,” said one of the pollsters involved. In addition, “the media has to try and genuinely illuminate issues, rather than use statistics to sensationalise.” So, in other words, the incentives structure of politics and the media needs to do a complete 180 from where they are now. Awesome, that should be a quick fix. source

20:22 // 9 months ago
February 2, 2013

Jobs created, but unemployment increases in January

  • 157Kjobs created in January, thanks primarily to strong showings in the construction, retail, hotel and food industries. The gains in construction specifically seem hopeful, especially in relation to a strengthening home-buyers’ market, but one solid month does not a panacea make, sadly — the U.S. unemployment rate nonetheless ticked upwards last month, from 7.8 to 7.9. source
15:40 // 1 year ago
February 1, 2013

Another month of modest job gains, but unemployment rate rises

  • 157k the number of jobs added to the economy in January, according to the Bureau of Labor Statistics latest report. The unemployment rate (U-3, not U-6) jumped to 7.9 percent. The U-6 stayed steady at 14.4 percent. The U-3 rate needs to hit 6.5 percent before the Federal Reserve will consider raising interest rates. source
11:00 // 1 year ago