CALIFORNIA | LOCAL
September 14, 1988
According to a front-page story in The Times (Part I, Sept. 3), the unemployment figure goes up (its second increase in two months) and, as a result, the stock market dances for joy, and the Dow Jones average leaps 52.28 points. A Merrill Lynch representative says that this was "something financial markets really wanted to see." What kind of cockamamie economic setup do we have here, when putting people out of work is considered a financial "plus?" No wonder we've got a budget deficit that won't quit, and a trade deficit that has made us the laughing stock of the entire world!
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.
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.
October 4, 2013 |
More than a week after the state's top labor official ordered the California Employment Development Department to pay out all backlogged unemployment claims, many Californians have yet to see their checks. The California EDD had been working overtime to clear a backlog of unemployment claims that were snared when the agency's 30-year-old computer systems were upgraded over Labor Day weekend. The snafu affected tens of thousands of claims, delaying payments by several weeks, causing many to fall behind on rent, car payments and other bills.
August 27, 2013 |
The happy news is that the American economy is producing more jobs and the unemployment rate is continuing to fall. The less happy news is that, in the words of economist Gary Burtless, this is happening "at a heartbreakingly slow pace. " In a blog for Brookings, Burtless reports that there were 162,000 new jobs in July. "Employment gains of between 75,000 and 80,000 a month are needed to keep the unemployment rate from rising," Burtless said. "So far this year the (Brookings) employer survey shows that payrolls have been rising about 190,000 a month, fast enough so that we should expect the unemployment rate to fall.
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.
January 12, 2012 |
The thousands of temporary workers who lost their jobs after the holidays dampened the weekly unemployment report. New jobless claims climbed to 399,000 in the week ending Jan. 7. That was 24,000 more than the previous week and the highest number in six weeks, the Labor Department said Thursday . Economists say claims need to drop to no more than 375,000 for a sustained period to make a dent in the unemployment rate, which fell to...
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.