Political Capital

Posts tagged: unemployment

Job seekers wait in line to visit the U.S. Department of State booth at the Choice Career Fairs job fair in Arlington, Virginia.

Photograph by Andrew Harrer/Bloomberg

Job seekers wait in line to visit the U.S. Department of State booth at the Choice Career Fairs job fair in Arlington, Virginia.

Jobs Report: Visualize This

So the economy added 204,000 jobs in October — more than forecast. And the unemployment rate ticked up to 7.3 percent — a figure based on household surveys, and if the government asked a lot of government workers or contractors...

Read more »

U.S. Speaker of the House Rep. John Boehner (R-OH) walks to the House Chamber for a vote on October 16, 2013 in Washington, DC.

Photograph by Alex Wong/Getty Images

U.S. Speaker of the House Rep. John Boehner (R-OH) walks to the House Chamber for a vote on October 16, 2013 in Washington, DC.

Boehner: Obamacare More of a Problem than a Solution

Updated at 10:18 am EDT The war on Obamacare goes on: With word about September’s employment gains out this morning — word delayed by the 16-day partial government shutdown over a Republican bid to block the president’s health-care program —...

Read more »

Job seekers wait in line for a hiring event at a new Target Corp. store in San Francisco, California.

Photograph by David Paul Morris/Bloomberg

Job seekers wait in line for a hiring event at a new Target Corp. store in San Francisco, California.

Most Unemployment Due to Extended Jobless Benefits

Are extended unemployment benefits costing jobs? An October National Bureau of Economic Research working paper suggests the answer is yes. “Most of the persistent increase in unemployment during the Great Recession can be accounted for by the unprecedented extensions of unemployment...

Read more »

Senate Majority Leader Harry Reid, a Democrat from Nevada, right, and House Minority Leader Nancy Pelosi, a Democrat from California, speak to the media after a meeting with President Barack Obama at the White House in Washington, D.C., on Oct. 2, 2013.

Photograph by Andrew Harrer/Bloomberg

Senate Majority Leader Harry Reid, a Democrat from Nevada, right, and House Minority Leader Nancy Pelosi, a Democrat from California, speak to the media after a meeting with President Barack Obama at the White House in Washington, D.C., on Oct. 2, 2013.

Shutdown Journal: Day 3

Updated at 10:51 am through 2:55 pm EDT With Lisa Lerer reporting from the White House, Terry Atlas from the Senate House Speaker John Boehner has been telling fellow Republicans that he won’t allow the U.S. to default on its...

Read more »

A job seeker, center, talks to a job recruiter at the Black Data Processing Associates (BDPA) career fair in Washington, D.C., on Aug. 16, 2013.

Photograph by Andrew Harrer/Bloomberg

A job seeker, center, talks to a job recruiter at the Black Data Processing Associates (BDPA) career fair in Washington, D.C., on Aug. 16, 2013.

Where Are Workers Going?

A shrinking workforce sent the unemployment rate in August down to its lowest level since December 2008. Nonetheless, the data showed some workers are leaving the job market voluntarily, not because they’re depressed about the prospects of getting hired. The...

Read more »

Patricipants hold a sign while walking in the March for Jobs and Justice in Washington, D.C., U.S., on Aug. 28, 2013. The march is part of the Let Freedom Ring ceremony celebrating the 50th anniversary of the "I have a Dream" speech by Dr. Martin Luther King Jr.

Photographer: Pete Marovich/Bloomberg

Patricipants hold a sign while walking in the March for Jobs and Justice in Washington, D.C., U.S., on Aug. 28, 2013. The march is part of the Let Freedom Ring ceremony celebrating the 50th anniversary of the "I have a Dream" speech by Dr. Martin Luther King Jr.

By the Numbers: 41.6 Percent

Before the 50th anniversary of the March on Washington for Jobs and Freedom, the unemployment rate among black teenagers, those aged 16-19, was 41.6 percent,  according to the U.S. Bureau of Labor Statistics. That was double the unemployment rate among white teenagers, 20.3...

Read more »

Workers pick items to fill orders at the Mary Kay Inc. regional distribution facility in Dallas, Texas.

Photograph by T.J. Kirkpatrick/Bloomberg

Workers pick items to fill orders at the Mary Kay Inc. regional distribution facility in Dallas, Texas.

Fed Studies Don’t Fall Far From Tree

The economic debate on what to make of the drop in unemployment has been joined by analysts at the Federal Reserve Banks of Boston and Richmond with results that may surprise some — except their bosses. The share of the working-age...

Read more »

The Financial District in New York City.

Photograph by Andrew Burton/Getty Images

The Financial District in New York City.

JPMorgan: Economy Can Run Only Half as Fast as Before

The long-run growth rate of the U.S. economy is about half of what it used to be, say economists at JPMorgan Chase & Co., as the country faces weaker population growth, lower labor-force participation and slower improvement in productivity. Potential...

Read more »

An employee delivers food at a drive-in restaurant in Normal, Illinois.

Photograph by Daniel Acker/Bloomberg

An employee delivers food at a drive-in restaurant in Normal, Illinois.

Bloomberg by the Numbers: 14%

That’s the “U-6″ July unemployment rate, which adds discouraged, marginally attached and involuntary part-time workers to the baseline unemployment rate of 7.4 percent. The U-6 rate fell from 14.3 percent in June, according to Labor Department data released Aug. 2....

Read more »

A woman adjusts a mannequin at a retail store in the Georgetown neighborhood of Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

A woman adjusts a mannequin at a retail store in the Georgetown neighborhood of Washington, D.C.

Women Make Strides in Market Favoring Lower-Paying Jobs

More than two-thirds of the jobs created last month went to women. Unfortunately, that may have been because much of the hiring took place at the low end of the pay scale. Employers took on 117,000 female workers in July,...

Read more »