All posts in tag: unemployment

Robert Reich Today’s jobs report and the Supreme Court’s McCutcheon debacle

What does the Supreme Court’s McCutcheon decision this week have to do with today’s jobs report, showing 192,000 new jobs for March?

Connect the dots. More than five years after Wall Street’s near meltdown the number of full-time workers is still 4 million less than it was in December 2007, yet the … More >

Robert Reich Fear is why workers in red states vote against their economic self-interest

Last week’s massive spill of the toxic chemical MCHM into West Virginia’s Elk River illustrates another benefit to the business class of high unemployment, economic insecurity, and a safety-net shot through with holes. Not only are employees eager to accept whatever job they can get. They are also also unwilling … More >

Claude Fischer Political responses to the Crash

Back about a decade or two, as polarization widened among America’s politicians and political activists, most analysts concluded from the initial flurry of research that the general public seemed exempt. Officeholders and activists were taking more extreme positions on hot-button issues like immigration and welfare, but Americans in general seemed … More >

Robert Reich The most important political news this week

The biggest political news this week won’t be the Democratic convention. It will be Friday’s unemployment report.

If the trend is good — if the rate of unemployment drops and the number of payroll jobs is as good if not better than it was in July — President Obama’s claim we’re … More >

Robert Reich The job stall

The White House must be telling itself there are still five months between now and Election Day, so the jobs picture could brighten. After all, we went through a similar mid-year slump in 2011 but came out fine.

But however you look at today’s jobs report, it’s a stunning reminder of … More >

Robert Reich The jobs report: Don’t break out the champagne

In brief: The Bureau of Labor Statistics’ household survey shows unemployment at 8.6 percent, and the payroll survey shows 120,000 new jobs in November (140,000 from the private sector, and a loss of 20,000 in the public sector). BLS also revised upward its job numbers for September and October.

What does … More >

Robert Reich The truth about the economy that Washington and Wall Street won’t admit: We’re heading back toward a double dip

Why aren’t Americans being told the truth about the economy? We’re heading in the direction of a double dip – but you’d never know it if you listened to the upbeat messages coming out of Wall Street and Washington.

Consumers are 70 percent of the American economy, and … More >

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