Unemployment News

Unemployment news from around the U.S. and the world.

Senator Single-handedly Screws 1.2 Million Unemployed

Location

Washington
United States

Somebody really needs to take Jim Bunning (R-KY) out the woodshed and whoop his butt for this. Then they need to wash out his mouth with soap.

Bunning was the lone holdout against an emergency extension of unemployment benefits for the 1.2 million people whose benefits will run out in March. Other senators tried to reason with him until nearly midnight. The highlight of the proceeding may have been Bunning's telling Sen. Jeff Merkley (D-OR) "Tough shit" in response to Merkley's impassioned entreaty that he change his mind.

Unemployment Rate Drops to 9.7 Percent as 20,000 Jobs Lost

The front cover of The New York Times today almost made me want to buy the paper. Then I realized that I didn't have two bucks in my pocket and hurried home to the computer to read it online. If I had had two bucks, I probably would have blown it on the paper -- the news was that exciting.

Help Save American Jobs

Please help save American jobs. Watch, listen, rate, comment, and pass on this youtube video http://www.youtube.com/dangriffithmusic I have to do something to gain awareness and stop the exit of jobs overseas. What will be left for our children. Please pass on. God Bless America! Thanks Dan

Georgia Expected to Report Near-record Unemployment Rate

Location

Columbus, GA
United States

WTVM of Columbus, Georgia, reports that the numbers to be announced Thursday in Georgia will show the highest rate of unemployment ever recorded in that state. The only surprise here is that it took so long into this endless recession for Georgia to reach this point.

New Jersey Unemployment Rate Falls

Garden State loses 1,800 net jobs but unemployment rate falls slightly

In yet another sign that the unemployment rate is a totally meaningless statistic in the real world, New Jersey's unemployment rate fell slightly in October to 9.7 percent from September's 9.8 percent.

The interesting thing about this is that both employment and unemployment fell. The state shed 4,400 private sector jobs and gained 2,600 government jobs. Maybe my arithmetic skills are falling off with old age, but according to my calculations that adds up to a net loss of 1,800 jobs.

Adobe Cuts 680 Jobs

AFP reports that software titan Adobe Systems -- the maker of Photoshop, Shockwave, and your favorite PDF reader -- announced that it will be cutting 680 jobs. This represents nearly 10 percent of the company's global workforce.

In its SEC filing regarding the restructuring, Adobe announced that it would incur between $65-71 million in short-term costs for the restructuring. Apparently they are paying good severance packages.

New York Times Blows the Lid off Distortions in Economic Statistics!

It's about time somebody told the truth about this charade. READ THIS!

The nation's economists, including those at the BLS, Fed, and BEA, have been distorting the state of the nation's economic health, skewing it upward. Anybody who reads this blog or lives in the real world already knew that.

U.S. Unemployment Rate Cracks Double Digits

You have probably already heard the news that the U.S. unemployment rate finally rose above 10 percent to 10.2 percent. This was much higher than the 9.9 percent that economists had predicted.
unemployed angry
To me this number is meaningless except as a psychological reminder. To me the "numbers" that matter are the uncounted millions of people affected by this social disease. Of more concern to me than the grossly deflated official unemployment rate are the 190,000 jobs that were lost in October. That's 190,000 households hit, 190,000 more sh*tty holidays, 190,000 more competing for the few (if any) jobs that are available, 190,000 more people to become depressed -- 190,000 lives (plus their families) turned upside down.

Current Unemployment Rate Just One Consideration for FOMC

The Federal Open Market Committee will meet on November 3-4, 2009, to discuss U.S. monetary policy. The main course on the table will be whether or not to recommend that the Federal Reserve raise the Federal Funds Rate or keep interest rates at their current low levels. It is expected that monetary policy will remain largely unchanged after this meeting.

Another Job Board Hacked - 500,000 Exposed to ID Theft

The British newspaper, The Guardian's job board was hacked, exposing 500,000 resumes to potential identity theft. The newspaper's response? Tell users of the board to buy identity theft protection. Talk about a slap in the face! (You're looking for a job on our site. We messed up. Now you have to pay for our mess-up.)

Another British job board -- Monster.uk -- was hacked earlier this year. There have been other cases.

Syndicate content