Jobs

11:53am

Fri February 3, 2012
Economy

Have Economists Got It Wrong About The U.S.?

Originally published on Fri June 22, 2012 9:23 am

Federal Reserve Chairman Ben Bernanke pauses during a hearing before the House Budget Committee on Feb. 28, 2007.
Alex Wong Getty Images

Five years ago, a subprime mortgage firestorm was melting down the U.S. economy, but most analysts didn't see it happening.

Federal Reserve Chairman Ben Bernanke, testifying before Congress in February 2007, said the housing sector "is a concern, but at this point we don't see it as being a broad financial concern or a major factor in assessing the course of the economy."

If he and the vast majority of economists were blind to the economic and financial calamity taking shape then, could they also be missing the start of a huge economic boom now?

A boom? Really?

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2:29pm

Thu January 26, 2012
It's All Politics

Candidates Campaign On An Economic Silver Bullet: Worker Retraining

President Barack Obama waves after speaking at a UPS facility in Las Vegas on Thursday. Nevada is one stop on the president's latest road trip focusing on the economy.
Julie Jacobson AP

There are not many things that Barack Obama, Newt Gingrich and Mitt Romney agree on, but when it comes to job training there is common ground.

"It is time to turn our unemployment system into a reemployment system that puts people to work," President Obama said during his State of the Union address Tuesday.

Earlier in the week, Newt Gingrich offered a similar solution for helping those facing long-term unemployment.

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6:45am

Thu January 26, 2012
The Two-Way

Unemployment Claims Up Slightly; Business Spending Increased

Over the past week, 21,000 more Americans claimed unemployment benefits, the Labor Department reports. Like most economic news, that's the bad news. The good news, reports the AP, is the that the four-week average is down 2,500, which "still signals a healthier job market."

The Commerce Department also has some good news on the economy: Orders for durable goods rose 3 percent, last month.

The AP reports that this marks a gain for the second straight month. The AP adds:

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1:22pm

Fri January 20, 2012
Election 2012

For South Carolina Voters, Jobs May Matter Most

Originally published on Fri January 20, 2012 5:08 pm

Mitt Romney speaks during a campaign stop at Seven Oaks Park this week in Irmol, S.C. Jobs are likely to be an important issue for South Carolina voters in Saturday's primary, with the state's unemployment rate at 9.9 percent.
Joe Raedle Getty Images

In a presidential election that most expect will be all about the economy, South Carolina is a state where economic issues are front and center. The state's unemployment rate is 9.9 percent, well above the national rate. But even that number is deceptive. There are pockets around the state where the conditions are much more severe. In Lancaster County, for example, the rate is above 12 percent.

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1:26pm

Fri December 30, 2011
The Road Back To Work

When The Road Back To Work Detours

Randy Howland works in his small office in March, shortly after he began a work-from-home job with a call center earning $10 an hour.
Tamara Keith NPR

Part of an ongoing series

For the long-term unemployed, getting a job isn't always the end of the story.

Randy Howland spent most of this past year working at a $10-an-hour customer service job. He used to make six figures. With this job, he was settling, just so he could have the satisfaction of working. It was essentially a call-center job.

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