Oct 19 Retraining Workers Sounds Great. But For What Jobs? Question: Why does nobody discuss the fact that all the working and many middle class jobs have gone to China and the rest of Asia? Retrain workers — great — but retrain them for what? Paul Solman: You know… Continue reading
Oct 02 More Grim News in the Sept. Jobs Numbers Paul Solman: Today’s unemployment data are grim. I began to write “startlingly grim” but then realized that, for those of us on-the-record pessimists with regard to green shoots and recovery, the numbers aren’t startling at all. Having been on the… Continue reading
Oct 02 Unemployment Hits 9.8%, Job Losses Accelerate By Maureen Hoch September was a rough month for the economy, with the unemployment rate rising from 9.7 percent to 9.8 percent as employers cut more jobs than expected, and more unemployed workers gave up searching for jobs. Continue reading
Sep 22 Are Older Workers More Vulnerable in this Recession? Question: I lost my job in April. I have yet to find any new position. I get this feeling that age plays a big part in the hiring process. I am 48 …soon to be 49 years old. Are… Continue reading
Sep 04 Watch Jobless Rate Hits 26-Year High, but Hints of Recovery Remain Unemployment jumped to 9.7 percent in August, but new data shows job cuts have slowed. Ray Suarez speaks with a financial expert about the labor market and economic recovery. Continue watching
Sep 04 How Do We Compare Unemployment Across Decades If More People in a Household Are Working Now? Question: Economic reports routinely compare current unemployment statistics against historical unemployment statistics. However, I haven’t seen any discussion of the significant increase in the number of household members who are employed or looking for employment and its impact on such… Continue reading
Sep 04 Unemployment Rises to 9.7%, Though Hints of Recovery Remain By Quinn Bowman U.S. employers shed 216,000 jobs in August, increasing the unemployment rate to 9.7 percent, the highest level since 1983. Continue reading
Aug 31 Watch Few Glimmers of Hope for Unemployed Americans With the long-term unemployment rate at its highest level since 1948, the nation's jobless are taking little solace in recent data suggesting the recession is winding down. In the latest installment of his Making Sen$e series, Paul Solman explores the… Continue watching
Aug 28 Would Shortening the Workweek Stimulate the Economy? Question: Why doesn’t the federal government stimulate the economy by reducing the length of the workweek (the number of hours after which employees receive time-and-a-half pay)? Employers would respond by spreading the work load, which means more hiring and fewer… Continue reading
Aug 24 Simon Johnson on Jobs in the Recovery By Business Desk Editor’s note: As part of our continuing series of video conversations with economist Simon Johnson, author of the popular Baseline Scenario blog, which Paul Krugman calls a “must read,” today’s clip features a discussion between Paul and Simon… Continue reading