10:03 AM, Sep 30, 2014 • By GEOFFREY NORMAN
This is the conclusion, as Pedro Nicolaci Da Costa of the Wall Street Journal reports, reached by:
Josh Bivens ... economist at the Economic Policy Institute, a liberal think tank in Washington. [Unemployment] has remained unusually elevated during this recovery, leading to fears that the long-term jobless would suffer permanent difficulties in finding a job–either due to weaker skills or employer biases.
Policy elites have been arguing that this recession and anemic recovery are somehow special and unlike all those that have gone before, especially as regards unemployment. But:
The EPI study suggests most of the long-term unemployment problem is due to a weak economic backdrop, and will reverse once growth and the job market itself find themselves on a considerably stronger footing. “Despite the deep and obvious damage done by any spell of involuntary job loss, there is very little compelling evidence that the scarring effects are worse for longer spells,” the paper says.
The conclusion, which none would call counterintuitive, runs against the belief that:
… that the long-term jobless are increasingly unemployable due to an erosion of skills.
The remedy is in the boring old conventional wisdom. Economic growth stimulated by tax cuts and the relaxation of regulation.
Less Washington, then, even as the elites who work there propose more and ever more.
10:00 AM, May 21, 2014 • By MARK HEMINGWAY
A new poll suggests that finding employment, particularly for the long-term unemployed, continues to be a struggle for Americans. The poll, conducted by Harris Poll on behalf of Express Employment Professionals, asked questions of 1,500 unemployed adult Americans last month.
9:13 AM, May 2, 2014 • By GEOFFREY NORMAN
Non-farm payrolls beat expectations. Quite handsomely. As Michelle Jamrisko of Bloomberg reports:
Employers boosted payrolls in April by the most in two years and the jobless rate plunged to 6.3 percent as companies grew confident the U.S. economy is emerging from a first-quarter slowdown.
4:31 PM, Mar 28, 2014 • By GEOFFREY NORMAN
Ben Casselman at 538, on unemployment and underemployment, starting from this point.
10:30 AM, Mar 21, 2014 • By GEOFFREY NORMAN
Long-term unemployment, in some cases, does not even show up in the jobless figures released monthly by the Labor Department and eagerly anticipated by the political spinners standing by to mold them into partisan shape. Many of those whose unemployment has been prolonged simply give up; something that is confirmed by a recent study from a former Obama administration economic advisor. As Ben Casselman of 538 writes:
Conservatives and the unemployed.Mar 3, 2014, Vol. 19, No. 24 • By IRWIN M. STELZER
Millions of Americans, glutted with benefits that until now have seemed likely to be renewed and renewed again, have suddenly become devoid of ambition, shed the work ethic, and taken to the couch and the TV remote. Or found a back pain or emotional problem that entitles them to the even higher benefits designed to ameliorate the plight of truly disabled workers.
11:00 AM, Feb 20, 2014 • By JERYL BIER
A recently released Department of Agriculture (USDA) report on the "Food Assistance Landscape" for the fiscal year 2013 shows that for the second year in a row, participation in the federal government's SNAP (food stamps)
8:31 AM, Jan 10, 2014 • By DANIEL HALPER
The latest jobs numbers from the U.S. Bureau of Labor Statistics:
The unemployment rate declined from 7.0 percent to 6.7 percent in December, while total nonfarm payroll employment edged up (+74,000), the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade and wholesale trade but was down in information. …
Household Survey Data
11:44 AM, Jan 7, 2014 • By MICHAEL WARREN
House speaker John Boehner released a statement Tuesday concerning "'emergency' unemployment insurance" (Boehner's quotation marks) and criticizing President Obama for not offering a plan to extend unemployment insurance that would include provisions to "put people back to work." Here's the statement:
12:00 AM, Dec 7, 2013 • By IRWIN M. STELZER
“Everything’s coming up roses,” a mother reassures her daughter in Gypsy, the 1959 musical chronicling the rise of burlesque dancer Gypsy Rose Lee.
9:12 AM, Oct 17, 2013 • By GEOFFREY NORMAN
Those employed by the government may be back at work but many, many others are not. Which has been the case for so long now that it is no longer news. Not so long as it is possible to discuss who won and who lost the epic Battle of the Ceiling.