News
CNN Money | No relief for long-term unemployed
Nearly 32% of the 14 million Americans who are unemployed have been out of work for more than a year, according to data from the Pew Charitable Trusts.
Daily Finance | Long-Term Unemployment Hits Older Workers the Hardest
To get an idea of how many Americans have been out of work for more than a year, envision the state of Louisiana. Yes, the state's population -- around 4.4 million -- is about the same as the number of people who have been jobless for 12 months and counting, according to the latest report from Pew Charitable Trusts.
CNN Money | Unemployment claims dip below key level
About 397,000 people filed for their first week of unemployment claims in the week ended Oct. 29, the Labor Department said Thursday. The number of claims fell 9,000 from the revised 406,000 in the prior week.
Econ Comments
RCM | Stop Blaming China For the Loss of Manufacturing Jobs
Indeed, as a recent USA Today editorial noted, "American companies are making lots of stuff", and in fact they're producing "about 80% more than in 1979 with nearly 8 million fewer workers."
