August 12, 2010 |
Claims for unemployment-insurance benefits remain at a distressingly high level and could forecast trouble for the labor market's recovery, analysts said Thursday after the government released new data. The number of initial claims for regular state unemployment insurance benefits rose 2,000 to 484,000 in the week that ended Aug. 7, reaching the highest level since February, the Labor Department reported Thursday. Economists polled by MarketWatch had expected a level of 463,000 for first-time claims.
CALIFORNIA | LOCAL
May 22, 1987
One does not have to be an expert economist to know, intuitively, that something is terribly wrong with the thesis presented by Martin and Kathleen Feldstein in their article (Editorial Pages, May 10), "Cut Unemployment Rate and You Risk Inflation." I wonder which corporate raider paid them to write this article. We all understand that high unemployment results in less power to labor, therefore lower wages and higher profits. But more importantly, what about the 6-to-7 million people, plus dependents, who are the real victims of this sort of defeatist thinking displayed by this happy couple?
January 10, 2009 |
Newly unemployed Americans would have to spend an average of about 30% of their jobless benefits to pay for health insurance through their former employer, according to a new report. And if they want coverage for their families, the report by Families USA says, it will take more than 80% of their unemployment check. U.S. unemployment hit a 16-year high last month as an additional 524,000 jobs were lost. For all of 2008, the government says the economy lost 2.6 million jobs.
March 11, 2010 |
Unemployment in eight counties in California has topped 20%, according to figures released by the state Wednesday. Joblessness in California has hit a peak -- 12.5% in January -- the highest rates have been since the government began tracking unemployment numbers in 1976. Here are the eight counties in the state where unemployment is more than 20%. (Numbers are not seasonally adjusted. Colusa : 27.4% Imperial : 27.3% Merced: 21.7% Plumas : 22.3% San Benito: 21.1% Sutter: 21% Trinity: 25.8% Yuba: 20.4%
CALIFORNIA | LOCAL
September 25, 1992
Only one thing was lacking from your otherwise excellent recent coverage of California's high unemployment rate: discussion of a primary cause. For the past 25 years or so, but especially in the 1980s, California has been a destination country for hundreds of thousands of immigrants each year. In the '80s alone, California became home to more than 2.5 million immigrants and, if present trends continue, under current law somewhere between 3.1 to 4.2 million immigrants will settle here in the 1990s.
November 18, 2010
Washington is poised to stop providing extended unemployment benefits despite the huge number of laid-off workers, the paucity of job openings, the high rate of underemployment in every sector of the economy and stubbornly slow economic growth. That's because Republicans in the Senate insist that, unlike the hefty tax cuts they covet for the wealthy, the comparatively slender subsidies for the unemployed must not be financed with borrowed money. This penuriousness is not just hypocritical, it's bad economics.