Unemployment Articles


America as a Safe Haven

11:00 PM, Jun 08, 2012

Just as America proved to be such a safe haven for immigrants in the latter 19th and early 20th centuries, it is now seen as a safe haven for wealth attempting to escape Europe’s tax collectors and financial chaos and recession in Europe, and for foreign central banks newly enamored of the dollar.

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Where's LeBoeuf?

Another firm bites the dust.
3:50 PM, Jun 07, 2012

Last year, the mega-law firm Dewey & LeBouef generated revenue totaling $782 million. It was the 20th largest firm according to the National Law Journal. Its clients included the Los Angeles Dodgers, the NFL Players Association, and eBay. But over the last five months, 206 of its partners defected. It currently owes approximately $315 million to creditors. There is a criminal investigation involving a pension plan allegedly underfunded by $80 million. Last week, the legacy firm, which dates back to 1909 (and whose "Dewey" refers to the Thomas Dewey), filed for Chapter 11 bankruptcy protection.

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8.2 Percent

7:44 AM, Jun 01, 2012

CNBC reports

The American jobs engine hit stall speed in May, with the economy adding just 69,000 new jobs while the unemployment rate climbed to 8.2 percent.

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The Political Meaning of Friday's Jobs Report

1:13 PM, May 29, 2012

On Friday, the Bureau of Labor Statistics will release its first estimate of jobs created during the month of May. The consensus estimate is for about 150,000 total jobs to have been added to the economy, barely enough to keep up with population growth and certainly insufficient to reduce the jobless rate in any meaningful way.

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Not All Employment Indicators Are Worth Following

12:07 PM, May 24, 2012

Everybody is worried about the nation’s dismal employment situation, and that worry has prompted news organizations, pundits, market watchers, and others to focus intently upon any and all economic metrics that gauge the problem. On the first Friday of every month, the non-farm payroll report from the Bureau of Labor Statistics is hotly anticipated, and can move the markets for days afterwards.

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Under Obama: 30 Worst Months of Employment in the Past 25 Years

7:05 AM, May 23, 2012

The federal government’s Bureau of Labor Statistics publishes monthly tallies for the employment-population ratio.  That stat shows something rather straightforward:  Among those who are living in America and are free to pursue employment, what percentage are employed?  (The bureau excludes those who are under 16 years old, are active-duty military, or are — in the bure

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Obama Deputy Campaign Manager: 'Economy ... Will Continue to Be a Challenge'

2:42 PM, May 18, 2012

President Obama's deputy campaign manager, Stephanie Cutter, admitted at a Harvard Kennedy School of Government event in Massachusetts that "The economy, you know, will continue to be a challenge."

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You Mean It’s Not About the Economy?

11:31 AM, May 17, 2012

That’s what Clive Crook thinks, anyway. In a measured appraisal of the election, he writes:

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Living in the Obama Economy

7:48 AM, May 15, 2012

The latest Mitt Romney web ad looks at "a few of the 23 million Americans ... [who]  are out of work, underemployed, or have stopped looking for work. These are the stories behind the statistics. These are a few of the twenty-three million."

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Obama: 'Sometimes I Forget' Magnitude of the Recession

6:37 PM, May 10, 2012

President Obama, speaking earlier today at a campaign event in Seattle, Washington:

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We Are The Ones ...

1:48 PM, May 10, 2012

We are the ones ... who are waiting tables and living in our parents' basements. According to Gallup:

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What Is the Real Unemployment Rate? 11.1 Percent?

10:16 AM, May 05, 2012

James Pethokoukis asks, "what is the true state of the labor market?" He offers, "If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7% then vs. 63.6% today—the U-3 unemployment rate would be 11.1%."

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'Disappointing Job Growth'

8:05 AM, May 04, 2012

The New York Times reports on the latest jobs report, just released this mroning: 

The United States had another month of disappointing job growth in April, the Labor Department said Friday.

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President Cool

11:44 AM, Apr 27, 2012

 

And coolness does in fact matter when it comes to elections, especially when it’s the presidency, [Democratic strategist, Peter]  Fenn says.

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How Mitch Maneuvered the JOBS Act

11:00 PM, Apr 09, 2012

It looked so easy when the bipartisan JOBS Act cleared the Senate (73-26) and the House (380-41) and was signed into law by President Obama last week. But passage of a strong bill wasn’t a snap. Only the maneuvering of Senate minority leader Mitch McConnell kept the measure from being delayed, angrily debated, and then watered down.

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Help Wanted

12:41 PM, Mar 12, 2012

THE WEEKLY STANDARD has a full-time position available for an editorial assistant.

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Unemployment Gap Remains

12:11 PM, Mar 09, 2012

Today, the Bureau of Labor Statistics reports an unemployment rate of 8.3 percent for February, which is equal to the rate in January and lower than the rate throughout 2011.

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DNC Chair Says Unemployment Is Not Increasing Under Obama

9:51 AM, Dec 12, 2011

DNC chair Debbie Wasserman Schultz said this morning on Fox News that unemployment has not been increasing under President Obama:

I guess it depends on your definition of "increasing," but here are the facts. When Obama took office, the unemployment rate was 7.8 percent, according to the Bureau of Labor Statistics. Unemployment is now at 8.6 percent. Nearly two million jobs have been lost under Obama.

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GOP Joint Economic Committee Responds to Unemployment Numbers

A lower unemployment rate masks a high number of workforce dropouts.
11:00 AM, Dec 02, 2011

The GOP members of the Joint Economic Committee respond to today's unemployment numbers:

While the top line number of 8.6% may sound good, today’s employment report holds very little good news for American workers with 315,000 leaving the workforce and only 120,000 new payroll jobs created nationwide.

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Help Wanted

4:29 PM, Oct 17, 2011

WEEKLY STANDARD contributing editor Charles Krauthammer seeks a research assistant for a one- or two-year term. Send résumé to job@charleskrauthammer.com.

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Treasury Secretary Geithner: $200,000 per Job Is (Your) Money Well Spent

10:26 AM, Sep 27, 2011

ABC News reports that during an interview with David Muir yesterday concerning President Obama’s $447 billion jobs bill, “Treasury Secretary Timothy Geithner didn’t dispute a Harvard economist’s estimate that each job in the White House’s jobs plan would cost $200,000, but said” — mysteriously —“the pricetag is the wrong way to measure the bill’s worth.”

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Denver Post: 'Mr. President, Meet Our Jobless'

9:19 AM, Sep 27, 2011

President Barack Obama will be in Colorado, a state he won in 2008, to pitch his American Jobs Act to a crowd at a Denver high school. The Denver Post, meanwhile, will be greeting Obama with a front-page story on Colorado's unemployed:

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That Was Fast – White House Backs Off From Jobs Act Ultimatum

11:52 AM, Sep 13, 2011

Just this morning, White House adviser David Axelrod went on network television and laid down an ultimatum about the president's jobs bill:

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President Zero

Read his lips: No new jobs.
Sep 12, 2011

'The simplest question,” Dick Cheney writes in his memoir In My Time, “is the most important one.” He mentions this in the context of asking how many American nukes were aimed at Kiev during the Cold War. For President Obama, with job growth stuck near zero, the simplest question is a domestic one. How do you think jobs are created?

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Zero Net Jobs Created in August

7:55 AM, Sep 02, 2011

CNBC reports

The US economy created no jobs and the unemployment rate held steadily higher at 9.1 percent in August, fueling concerns that the US is heading for another recession.

It was the first time since World War II that the economy had a net zero jobs created for a month.

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FDR, Reagan . . . Obama?

The use and abuse of history.
11:07 AM, Sep 01, 2011

Time's Michael Scherer reports that, in June, "White House chief of staff Bill Daley arranged a secret retreat for his senior team at Fort McNair ...  Historian Michael Beschloss went along as a guest speaker to help answer the one question on everyone’s mind: How does a U.S. President win re-election with the country suffering unacceptably high rates of unemployment?

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It’s Obama’s Economy

Aug 08, 2011

According to the Commerce Department numbers released Friday, the U.S. economy is growing at just 1.3 percent. Maybe. First quarter growth, initially reported as a disappointing 1.9 percent, was revised drastically down to just 0.4 percent. Those numbers are depressing enough. The downward revision of first quarter growth suggests that even the woeful second quarter number may be optimistic.

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The Economy and the Election

Happy times aren’t here again.
Jul 25, 2011

The disappointing employment report made public on July 8 provided fresh evidence that economic growth is slowing and the state of the economy will be the central issue in next year’s presidential election. As if in anticipation of the jobs report, David Plouffe, senior political adviser to President Obama, said shortly before the bad news was released, “The average American does not view the economy through the prism of GDP or unemployment rates or even monthly jobs numbers.

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