New veterans—those who left US military service recently—have higher unemployment rates than both older veterans and civilians, according to a new research paper from the Chicago Fed. Even taking into account the age and education level of new veterans, "neither demographics nor simply being a new veteran by…
As we spend the day arguing over a satirical tweet about a Hollywood awards show, more than 12 million Americans remain unemployed. Millions more have dropped out of the labor force entirely. The upcoming sequester deal could cause sharp cuts in unemployment benefits. Each week, we bring you true stories of…
The real unemployment rate in southwest Detroit is almost 50%. Seventeen rural South Carolina counties just closed their unemployment offices due to budget cuts, despite high unemployment. In New York, unemployed people say they're being discriminated against in job searches. The life of the unemployed American is not…
Conservatives argue that black people should oppose amnesty for illegal immigrants, since immigrants can be expected to take low-wage jobs from black people. The WSJ's editorial page says that minorities should oppose a minimum wage hike, because it will end up costing them jobs. (They treat this as a simple economic…
Since the Great Recession struck several years ago, nearly a quarter of Americans have been laid off themselves, and another 50% of Americans have seen a friend or family member lose their job. Each week, we bring you true stories of unemployment, straight from the unemployed. This is what's happening out there.
The next mayor of New York City will not be George McDonald, though George McDonald is running for mayor. That's OK. George McDonald is already better than any mayor has ever been at addressing the most obstinate social problems in this city's modern history.
The economy added more than 150,000 jobs in January, but unemployment still rose to 7.9%; if you count those who have given up and stopped looking for work, the rate is much higher. Each week, we bring you true stories of unemployment, from those who have lived it. This is what's happening out there.
New unemployment claims are down, and the stock market is once again approaching peak levels. It's an easy time to forget that more than 12 million Americans are officially unemployed. Each week, we bring you true stories of unemployment, straight from the unemployed themselves. This is what's happening out there.
When Barack Obama was inaugurated in January of 2009, the U.S. unemployment rate was 7.8%. Today, as Barack Obama is inaugurated for his second term, the U.S. unemployment rate is 7.8%. Hope, but no change. Each week, we're bringing you true stories of unemployment, from the unemployed themselves. This is what's…
Economics is a field in which the general public will often give deference to the opinions of someone with professional credentials, even when that person seems to be saying something in direct opposition to common sense. "Well, sounds crazy, but he's the expert," we say to ourselves. We assume that the expert knows…
America's unemployment crisis is so bad that even the people who work in the unemployment office are getting laid off. Each week, we bring you true stories of unemployment, straight from the unemployed. This is what's happening out there. It's not good.
Spain is in the midst of prolonged and devastating financial crisis. Its economy lost roughly 800,000 jobs last year, more than half of under-25-year-olds are unemployed, and the total unemployment rate is at 26% and growing. So you can imagine how bleak and hopeless people waiting (and working) in one of their…
For many millions of Americans who lost their jobs when the Great Recession struck, unemployment has not just been a typical, momentary bump in the road; it has been persistent, and grinding, and, for many, seemingly impossible to escape, despite their best efforts. Losing a job is bad enough, but the sort of long…
The official U.S. unemployment rate stands at 7.8%. For those with no high school degree, it's closer to 12%; for young people age 20-24, nearly 14%. There are not enough jobs to go around. Each week, we're bringing you true stories of unemployment from the unemployed. This is what's happening out there.
How could a Forbes article that opened with "university professors have a lot less stress than most of us" go so wrong?
America's official unemployment rate is 7.7%. That doesn't reflect the millions of people who have dropped out of the labor force. Millions are set to lose their unemployment benefits at the end of the year. Each week, we're running true stories of unemployment, as told by the unemployed. This is what's happening out…
The official unemployment rate fell to 7.7% last month. But that number is misleading. The percentage of workers who are actually considered to be "participating" in the labor force is now hovering around a three-decade low. Persistent, extended, unrelenting unemployment is now a fact of life for millions of…
It's about to be the worst Christmas ever for more than 11,000 Citigroup employees, who will soon be unceremoniously dumped by their Grinchly employer during the happiest time of the year.
As millions of Americans wait to find out whether their unemployment benefits will completely disappear at the end of the year, European unemployment reaches a record high. There are lots of unemployed people in the world today. Each week, we bring you true stories of unemployment from the unemployed themselves. This…
It's a textbook case of not appreciating what you have until it's gone: the U.S. Navy plans to replace some of its mine-hunting dolphins with unmanned submersibles described as "12-foot torpedo-shaped robot[s]" by 2017. Were you even aware before this announcement that the Navy had a $28 million-dollar marine mammal…
