Unemployment

12:03pm

Mon January 14, 2013
The Two-Way

Flash Mob Brings Some Sunshine Into Spanish Unemployment Office

Originally published on Mon January 14, 2013 2:00 pm

A woman sings "Here Comes the Sun" by the Beatles in an unemployment office in Spain as part of a flash mob organized to cheer up those waiting in the office to find work.
YouTube

11:37am

Tue January 8, 2013
The Two-Way

European Union Reports Highest Unemployment Rates Ever For Eurozone

Originally published on Tue January 8, 2013 1:24 pm

In Badalona, Spain, people waited outside an employment office last summer.
Albert Gea Reuters /Landov

In the European Union, unemployment rates in the region that uses the euro currency are at their highest ever, as a returned recession, falling income levels and persistent debt concerns trouble the region's economy, as its latest statistics show.

After nearly five years of economic crises, the European Union is also seeing more divergence between its member nations, particularly in the north, where economies have resilience, as opposed to the south, where unemployment rates are an average of more than 7 points higher.

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3:27am

Sat January 5, 2013
Economy

Long-Term Unemployed Seem To Be Staying That Way

Originally published on Sat January 5, 2013 10:42 am

Alecia Warthen, 43, has been unemployed since April. She says she's applied for more than 100 jobs and has received only four interviews and no offers.
Ailsa Chang NPR

The latest figures show December was another month of steady, moderate job growth. But for many people still struggling with long-term unemployment, the situation hasn't actually changed much at all.

For Alecia Warthen, the last eight months have been painfully stagnant.

She was the first person in her family to finish college, after growing up in one of the roughest sections of Brooklyn. She had earned an accounting degree and worked as a bookkeeper for most of the last decade.

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3:51pm

Tue January 1, 2013
The Two-Way

Inside The Fiscal Cliff Budget Compromise Bill: Tax Cuts and Tax Hikes

Originally published on Wed January 2, 2013 4:44 am

The budget compromise bill that is meant to allow the U.S. government to avoid higher tax rates and austere budget cuts has tax rates as its central issue, with discussions about more spending cuts, and the federal debt limit, put off until the coming weeks.

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6:45am

Thu December 27, 2012
The Two-Way

Jobless Claims Fell By 12,000 Last Week

The line at a job fair earlier this month in Manhattan.
John Moore Getty Images

There were 350,000 first-time claims for unemployment benefits last week, down 12,000 from the week before, the Employment and Training Administration reports. That's the lowest level since early March 2008.

The agency adds that "the 4-week moving average," which tends to smooth out some of the volatility that comes with the weekly figures, "was 356,750, a decrease of 11,250 from the previous week's revised average of 368,000."

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