Apr 03

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Unemployment Climbs to 8.5% in March

The nation's unemployment rate climbed to 8.5 percent in March, marking its highest level since 1983, as employers slashed a net total of 663,000 jobs, according to government figures released Friday.

Question: Is anyone still hiring? Paul Solman: The number is now in: 651,000 jobs shed in February. Also, from the Bloomberg story this morning: “The payroll drop in January was revised up to 655,000 from 598,000 and December now…

Feb 27

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What Are "Targeted Jobs"?

Question/Comment: Paul, can you explain what “targeted jobs” are? Are these something different from the type of jobs that people are losing now? It seems to me that $30,000 spent on retaining a librarian would have the same economic benefit…