Unemployment

Obama Hints at Using TARP Funds to Spur Job Creating at Small Businesses

By Donald Sears ⋅ December 4, 2009 ⋅ Post a comment

President Obama indicated yesterday that he will use funds from the Troubled Asset Relief program (TARP) to offer financial aid to small businesses as part of an effort to spur jobs.
The TARP funds, also known as the federal bailout, were originally intended to bolster large banks banks struggling under the weight of bad investments, but [...]

Unemployment Stigma for Hiring Subsides in 2009

By Donald Sears ⋅ December 2, 2009 ⋅ Post a comment

A new study of 195 executives found that over a third of them–36 percent– believed that it did not matter how long a candidate was unemployed, according to a news statement by Boston-based technology staffing firm Veritude. Another 36 percent of survey participants said their ideal amount of time for being out of work was [...]

Census Bureau Hiring Temporary Workers in Bulk

By Donald Sears ⋅ November 19, 2009 ⋅ Post a comment

The United Stated Census Bureau plans to hire hundreds of thousands of temporary census takers for the 2010 Census, according to its website. Pay ranges for the part time work vary from $10.00 to upwards of $22.00 an hour depending on your state and the county you apply. The Census website has an interactive state-by-state [...]

President Obama to Hold Job Summit in December

By Donald Sears ⋅ November 16, 2009 ⋅ One comment

President Obama announced Friday that he will host business leaders and employment experts at the first ever Jobs Forum in December to help inform his administration’s strategy to improve job market in 2010.
Obama said he was was disappointed by the pace of recovery in the job market, which has not improved with the rest of [...]

Weekly Unemployment Claims Continue to Improve

By Donald Sears ⋅ November 12, 2009 ⋅ Post a comment

Weekly new unemployment claims have fell last week to their lowest levels since January. For the week ending Nov. 7, new claims were 502,000 and continuing claims stand at at 5.63 million, said the U.S. Department of Labor.
The unemployment rate is 10.2 percent.
President Obama recently signed legislation that allows for an extension of unemployment benefits [...]

Prepare for a “Jobless Recovery”: Fed Officials

By John Hazard ⋅ November 11, 2009 ⋅ Post a comment

Miami Herald: Unemployment likely will remain high for the next several years because the economic recovery won’t be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday.
…rising unemployment could crimp consumers, restraining the recovery. Consumer spending accounts for about 70 percent of economic activity.
“With such a slow rebound, unemployment could well stay high [...]

Severance Is Running Out on the Economic Recovery

By Donald Sears ⋅ November 11, 2009 ⋅ Post a comment

Weak consumer spending continues to hamper the struggling economic recovery and consumer spending could actually drop further yet, according to the Wall Street Journal.
Many professionals have endured unemployment much as if they were still employed, relying on severance packages to maintain their lifestyle and, to an extent, the economy has been bolstered by what the [...]

New Job Openings Rise, But Barely

By John Hazard ⋅ November 11, 2009 ⋅ One comment

The Labor Department’s Job Openings and Labor Turnover Survey, released yesterday, showed that the number of new, open positions increased slightly in August and September.
The number of unfilled positions rose 57,000 (or about 2 percent) to 2.48 million, according to the Bureau of Labor Statistics (BLS) report. Openings remain down by 2.3 million, or 48 [...]

Hired for Holidays, But Maybe Longer

By Donald Sears ⋅ November 10, 2009 ⋅ Post a comment

As the holiday season approaches, many retail and service-based companies hire seasonal workers. You might have picked up work there during you winter break form college and you probably scorn the idea of returning to seasonal employment to bridge the gap between jobs in the middle of a professional career.
But these jobs can be an [...]

Who Are Your Jobless Peers?

By John Hazard ⋅ November 10, 2009 ⋅ Post a comment

White women ages 25 to 44 with a college degree face the lowest unemployment rate in the country – 3.6 percent. Their male peers fall in second place – 3.9 percent. Black men and women of the same age and education groups face 6.7 and 8.3 respectively.
The jobless rate is wildly different for various subsets [...]

Search