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.
September 24, 2012 |
In my Sunday column , I briefly mentioned a counterintuitive idea: When unemployment is high, Democratic candidates may benefit, even when the Democrat is an incumbent. How can that be? Don't voters punish the party in power when unemployment goes up? Won't voters desert President Obama because unemployment appears stuck at 8.1%? After all, since 1936, no president has been reelected when unemployment exceeded 7.2%. Evidence suggests that it's not so simple; unemployment affects voters in a more complicated way than a simple reward-and-punishment model.
June 19, 2013 |
The state on Friday will release its monthly jobs report showing whether the unemployment rate rose or fell in May. The monthly data release will also show which sectors added or shed jobs last month. Ahead of Friday's news, our team of economy reporters is soliciting anecdotes of your job search. We'd like to get your perspective on the state of the labor market, and we're looking for all types of Californians, including: -- Those recently laid off from jobs. -- Those who have recently found jobs in faster-growing industries such as technology or leisure and hospitality.
January 11, 2012 |
Taking his campaign to a state that spurned him four years ago that will serve as a crucial test of his appeal to the conservative voters in his party, Mitt Romney kept his focus trained on the economy and unemployment Wednesday - arguing that his private-sector credentials made him the best suited Republican candidate to defeat President Obama. Romney's top surrogate in South Carolina, Gov. Nikki Haley, echoed that message as she made her pitch for Romney and chided the Republican contenders who have been criticizing Romney's work at Bain Capital, a private equity firm that he co-founded. “We have a real problem when we have Republicans talking like Democrats against the free market,” Haley said.
CALIFORNIA | LOCAL
May 22, 1987
The argument of the Feldsteins has me wondering at the expertise of some economists. They say that reducing the 6.2% unemployment rate will increase inflation and they advocate not taking any steps to reduce it. Nonsense! First, this rate does not include those who have dropped out of the job market; second, those who are under-employed; third, those whose wages are substantially less than in previous jobs. Our factory capacity remains at about 80%, and the Feldsteins are worried.
August 29, 2010 |
I am embarrassed to be collecting unemployment. I am embarrassed about it because my husband has a good job. I am more embarrassed about it because I have a brand new car. I feel like Ronald Reagan's "welfare queen driving a welfare Cadillac," but it's not like that. Really. We needed my job. We have two kids in college, and my job paid for our health insurance as well as my son's tuition. Now my unemployment barely covers our COBRA payment. My old car, with 150,000 miles, is paid off, and I gave it to my daughter to get her to work and school.
July 31, 1990
Rules on job security in the industrialized world have tended to converge. In Japan and the United States, where laws place few explicit obstacles to the dismissal of workers, there has been movement in the courts and elsewhere to establish practices to protect workers. In Europe, on the other hand, rigid laws against dismissals have been relaxed. Who Does What for the Unemployment?
CALIFORNIA | LOCAL
May 8, 2001
Re "Unemployment Rate Rises to 4.5% in April" May 5: These so-called analysts who, according to your article, "suggested that the downturn would be a quick inventory correction" have no idea about real life. Obviously they have not paid attention to the daily layoff announcements I have been reading with dread for the past few months. The only surprise to me about the 4.5% unemployment was that it wasn't 5%. I've worked in the computer business for more than 17 years. I'm damn good at what I do, yet I have not been able to find a job, or even get an interview, for the past six months, the longest I've been unemployed in my life.
January 1, 2004
Re "Jobless Count Skips Millions," Dec. 29: Thank you for finally revealing that the official 5.9% jobless rate is "artificially rosy," with a true number of 9.7%. Sadly, the position is worse than your article suggests. Exactly how does the U.S. government know how many people are "actively looking for work"? Here is a news flash. It doesn't. While the compilation of statistics in this country is very good, the unemployment number is based on guesswork. A true compilation of the unemployment number would start with the 62% of working adults in the total population.
December 30, 1991 |
What individuals do right after learning that they will be laid off could have a dramatic impact on how well they survive the furlough, financial experts say. Those who act quickly to tally and preserve their assets are likely to emerge reasonably intact, while those who delay could find themselves financially devastated long after they've found new employment. What should you do the moment you receive a layoff notice? * Apply for unemployment compensation.