Posts Tagged ‘unemployment’
Suskind on Obama via DeLong
Brad DeLong posted these very interesting excerpts from Ron Suskind’s new book Confidence Men on his blog: Maybe this is part of the “women problem” Maureen Dowd mentions in her recent column. But I thought that column was pretty fluffy, battle-of-the-sexes stuff, whereas this Suskind passage is great. Who would have thought that lightbulb would ...Read more.
Jobs Report, Murdoch and Unions, etc.
(1) BLS July Jobs Report: The Bureau of Labor Statistics released its Employment Situation Summary today, and it is pretty dismal. Total non-farm payroll employment rose by a mere 117,000. Though the unemployment rate went down ever so slightly, in fact the percentage of people employed is at a new low, according to Dean Baker ...Read more.
More on Egypt; Reagan; Unemployment
(1) More Links on Egypt: I promised more links; here they are: —The latest from Middle East Report online, Into Egypt’s Uncharted Territory. —On the economic basis of the uprising, by the excellent Nomi Prins, at Alternet: The Egyptian Uprising Is a Direct Response to Ruthless Global Capitalism. —From the excellent Bill Fletcher, at ZSpace, ...Read more.
The Depression, Brave New World, 1984
(1) Comparisons with the Great Depression: The cover story for our Jan/Feb Issue, which is just going to the printers (but will be available in full color to e-subscribers by Wednesday, possibly earlier), is about unemployment–in particular the claim, rampant in the media these days, that today’s unemployment is “structural,” and has to do with ...Read more.
Obama’s PATCO; the Fed’s Wikileaks; Jobs
(1) Obama’s PATCO? Is the Federal Pay Freeze Obama’s PATCO? asks Mike Elk at In These Times‘s labor blog Working In These Times. “The Obama Administration, looking to bolster its deficit-cutting credentials and show its desire to take on what some label a “special interest”—organized labor—yesterday announced a two-year freeze on the wages of all ...Read more.
Recession Long Over! (?); plus: Thank God for Bailouts!
(1) Recession Ended in June ’09, Declares NBER: The Business Cycle Dating Committee of the National Bureau of Economic Research declared yesterday that the Great Recession (not the term they used) had ended in June of 2009. From the press release: CAMBRIDGE September 20, 2010 – The Business Cycle Dating Committee of the National Bureau ...Read more.
Unemployment, Austerity, Stimulus
[N.B.: First three items by our fabulous summer intern Elizabeth Murphy, who also chose this post's Possibly Irrelevant Image. Sorry for the delay posting these!] (1) The Bureau of Labor Statistics released the July unemployment numbers last Friday (Aug.6) and they do not look pretty. Unemployment remains exactly where it was at the end of ...Read more.
Wages Up or Down?
(1) Possibly Irrelevant Image: Which New York Times article are we to believe? (2) Bernanke Says Rising Wages Will Lift Spending, from yesterday’s New York Times (check out the goofy pic of Geithner): Federal Reserve Chairman Ben S. Bernanke said rising wages would probably spur household spending in the next few quarters, even as weak ...Read more.
Arizona Injunction; Baker on CBO and SS
(1) Possibly Irrelevant Image for today: (2) Judge Blocks Az. Law S.B. 1070. Breaking news–U.S. District Court Judge Susan Bolton blocked key parts of Arizona’s restrictive and invasive immigration law, which was to go into effect in a couple of days. Here’s what the New York Times has to say: In a ruling on a ...Read more.
