Big Business Joins Obama Effort to Aid Long-Term Unemployed

“Folks who’ve been unemployed the longest often have the toughest time getting back to work,” Mr. Obama said at the event. “It’s a cruel catch-22 — the longer you’re unemployed, the more unemployable you may seem. Now this is an illusion, but it’s one that, unfortunately, we know statistically is happening out there.” via Big … Continue reading

Caught in a Revolving Door of Unemployment

Caught in a Revolving Door of Unemployment – NYTimes.com.

For Long-Term Jobless, a Stubborn Trend

“The short-term unemployment rate is back to the levels that prevailed for most of the period before the recession. But the long-term rate, while it is falling, remains higher than it was at any time before the recession.” via For Long-Term Jobless, a Stubborn Trend – NYTimes.com.

The Damage Done

“And the damage is large: Unemployment in America would be far lower than it is if the House majority hadn’t done so much to undermine recovery.” via The Damage Done – NYTimes.com.

Soft Jobs Data Not Expected to Deter Fed

Soft Jobs Data Not Expected to Deter Fed – NYTimes.com.

Reinvented in His 60s, After 26 Jobless Months

“The unemployment rate is lower for people in their 50s and 60s than younger workers, but once they lose a job it takes them a lot longer to find one. And even with the improvement in the economy, there has been little change since the worst of the recession.” via Reinvented in His 60s, After … Continue reading

Treasury’s Lew Sees Danger of Lingering Long-Term Unemployment

Treasury’s Lew Sees Danger of Lingering Long-Term Unemployment – Bloomberg.

Jobs Data Is Strong, but Not Too Strong, Easing Fed Fears

Jobs Data Is Strong, but Not Too Strong, Easing Fed Fears – NYTimes.com.

North Carolina’s Deep Cut to Jobless Benefits Takes Effect Amid Protests

“They are literally hurting people, and it is wrong,” said the Rev. Dr. William J. Barber II, the president of the North Carolina chapter of the N.A.A.C.P. “It’s about violating people’s deepest moral values. Even when you have a majority, you’re not allowed to violate moral values.” via North Carolina’s Deep Cut to Jobless Benefits … Continue reading

War on the Unemployed

“The move to slash unemployment benefits, then, is counterproductive as well as cruel; it will swell the ranks of the unemployed even as it makes their lives ever more miserable.” via War on the Unemployed – NYTimes.com.

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