It's hard to say exactly why the labor market grew at such a tepid pace last month, adding just 88,000 jobs - not nearly enough to make a dent in the millions of unemployed or even keep up with population growth. Overall, though, it seems clear that consumers are still tapped out, with their...
Decreased labor force participation has left many young adults uncounted in the work force. If the 2012 trend continues—with increased labor force participation in a market unable to absorb new workers—2013 will show unemployment rates climb across the board. But the labor...
The private sector created 155,000 jobs in December, almost exactly the average for the 11 previous months of 2012 and for all of 2011. Once again, it is a record far too weak to produce real progress towards either an adequate recovery or decent growth in wages and salaries. At this rate of job...
New York -- In response to the late night passage of a tax deal by the US House of Representatives, Miles Rapoport, president of the national nonpartisan public policy organization Demos released the following statement: "It is in the nature of a complicated bipartisan agreement that it looks...
The CBO has updated its figures for 2013, showing that if we don’t engage in reckless austerity, the economy will continue to recover next year. But if not, well, we would enter a deep, double-dip recession. The report compares the baseline scenario, in which the Bush tax cuts expire and...
New York continues to suffer from high unemployment. The Bureau of Labor Statistics has new data that indicates that, of all the states, only New York had a “statistically significant over-the-year increase in its unemployment rate (+0.9%).” New York isn’t alone in struggling. The...
Like all workers in July, young adults were not sufficiently enthusiastic about the labor market to continue on a job search in the face of the listless indicators from the months before. Labor force participation rates dropped for 20 to 24-year-olds to 70.8 percent from 71 percent in June....
Although the unemployment rate inched up in July, Friday's unemployment report from the Bureau of Labor Statistics was a welcome reprieve following three months of disappointing jobs numbers. A mere 0.037 percentage points were added to the overall unemployment rate, rounding it up to 8.3...
Bob Herbert appeared on "Your Bottom Line" on CNN to discuss whether better jobs training programs will substantially alleviate unemployment.
All across the country this week, graduation ceremonies will strive to provide America’s newest high school and college graduates with inspirational messages about perseverance, hope and ambition. It’s a message that is getting harder to say with a straight face, particularly in the...