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Budget 2011: Industry Clusters as a Paradigm for Job Growth

February 3, 2010 - 12:32pm
Budget 2011: Industry Clusters as a Paradigm for Job Growth
The Obama administration’s FY2011 budget request unveils several proposals to support regional industry or innovation “clusters” through multiple federal departments, which could put the U.S. on par with other nations in providing support to these systems of business development.
Categories: Economic Feed

Bakery Holding Its Own After Cutting Workforce

February 3, 2010 - 9:43am
Bakery Holding Its Own After Cutting Workforce
Outside Boston, the Dancing Deer Baking Co. sells all kinds of cookies and brownies to restaurants and stores. Last year, during the worst of the recession, the owner had to lay off some of the employees. Would the bakery be helped by President Obama's efforts to get banks to loan more to small businesses?
Categories: Economic Feed

In California, Small Businesses Hit By 'Perfect Storm'

February 2, 2010 - 9:45am
In California, Small Businesses Hit By 'Perfect Storm'
Tight credit, falling home prices and high unemployment contributed to a high bankruptcy rate among small businesses in the state. Keanyn and Estella Gray know all too well that owning a small business in California is hardly smooth sailing.
Categories: Economic Feed

Some U.S. Jobs Aren't Coming Back

January 12, 2010 - 12:12pm
Some U.S. Jobs Aren't Coming Back
Even when the U.S. labor market finally starts adding more workers than it loses, many of the unemployed will find that the types of jobs they once had simply don't exist anymore.
Categories: Economic Feed

Cobra extension a big help for jobless

December 22, 2009 - 10:49am
Cobra extension a big help for jobless
Congress extends time people can sign up for healthcare subsidy and adds six months of subsidies.
Categories: Economic Feed

High Rates of Joblessness and the Deficit

December 11, 2009 - 9:38am
High Rates of Joblessness and the Deficit
Isabel Sawhill reacts to President Obama's speech on creating jobs and the economy, delivered at Brookings. She concludes that by proposing and then enacting key fiscal restraints now and then gradually phasing them in as the economy recovers, there need be no te
Categories: Economic Feed

Unemployment Insurance Weekly Claims Report [12/10/2009]

December 10, 2009 - 3:38pm
Unemployment Insurance Weekly Claims Report [12/10/2009]
In the week ending Dec. 5, the advance figure for seasonally adjusted initial claims was 474,000, an increase of 17,000 from the previous week's unrevised figure of 457,000. The 4-week moving average was 473,750, a decrease of 7,750 from the previous week's revised average of 481,500.
Categories: Economic Feed

Creating Jobs in the Recession

December 10, 2009 - 9:48am
Creating Jobs in the Recession
During testimony before a subcommittee of the Senate Committee on Banking, Housing and Urban Affairs, Bruce Katz highlighted six strategies to stop additional job losses and build a lower-carbon, innovation-fueled and export-oriented economy. He emphasized that national recovery will be metropolitan-led but will vary across metropolitan areas—the building blocks of the U.S. economy.
Categories: Economic Feed

High unemployment: A fact of life for American Indians

December 9, 2009 - 3:54pm
High unemployment: A fact of life for American Indians
In Economic Performance, Recession/Stimulus, Race and Ethnicity, Economic Status, Wages and Living Standards, Jobs, Unemployment Insurance

Categories: Economic Feed

Changes Needed to Reduce Volatility in California's Workers' Compensation Insurance Market

December 9, 2009 - 3:05pm
Changes Needed to Reduce Volatility in California's Workers' Compensation Insurance Market
California's workers' compensation insurance market will remain vulnerable to wide swings in performance unless changes are made to improve the predictability of costs, transparency of pricing decisions, regulatory oversight and consistency of the incentives facing different parties.
Categories: Economic Feed

The Meaning of the Jobs Report

December 8, 2009 - 2:54pm
The Meaning of the Jobs Report
Martin Baily examines the latest jobs report, concluding that it was much better than expected and hence increases the chances that a strong or at least solid recovery is underway. However, he cautions that it is too early to be sure and another few months of good reports are needed before optimism carries the day.
Categories: Economic Feed

Unemployment Statistics on Older Americans : Updated 12/09

December 7, 2009 - 3:10pm
Unemployment Statistics on Older Americans : Updated 12/09
The recession has increased joblessness among older Americans. These graphs and tables report unemployment rates and how they have varied by age, sex, race, and education since 2007.
Categories: Economic Feed

The Improving Labor Market May Be Worse than You Think

December 7, 2009 - 3:00pm
The Improving Labor Market May Be Worse than You Think
In light of November's unemployment report, which showed the unemployment rate down 0.2 percent and payrolls remaining essentially flat, Ben Harris and William Gale explain that although the numbers are improving, it is important to recognize the labor outlook for what it is: possibly the worst we’ve seen in at least 60 years.
Categories: Economic Feed

Current Employment Statistics Latest Numbers

December 4, 2009 - 3:24pm
Current Employment Statistics Latest Numbers

By U.S. Bureau of Labor Statistics

Change in Payroll Employment:
-11,000(p) in Nov 2009
Historical Data

Change in Average Hourly Earnings:
+$0.01(p) in Nov 2009
Historical Data

Change in Average Weekly Hours:
+0.2(p) in Nov 2009
Historical Data

Change in Manufacturing Average Weekly Hours:
+0.3(p) in Nov 2009
Historical Data

Change in Aggregate Hours Index:
+0.6(p) in Nov 2009
Historical Data

Change in Real Earnings:
unchanged in Oct 2009
Historical Data

p- preliminary

Categories: Economic Feed

Podcast: The November Unemployment Report and What it Means for the Economy

December 4, 2009 - 3:17pm
Podcast: The November Unemployment Report and What it Means for the Economy
The jobs report for November is discussed by Chief Economist, Chad Stone. Duration: 4:05
Categories: Economic Feed

Statement: Chad Stone, Chief Economist, on the November Employment Report

December 4, 2009 - 3:16pm
Statement: Chad Stone, Chief Economist, on the November Employment Report
Today’s report that the pace of job losses has dramatically abated is the most encouraging in a long time, but serious problems remain for unemployed job-seekers. The number of people who have been unemployed for 27 weeks or more continued to climb in November, and these long-term unemployed now are nearly 40 percent of total unemployment (see chart). Renewing the temporary assistance for unemployed workers scheduled to expire in less than a month and providing …
Categories: Economic Feed

Positive News in the November Employment Report

December 4, 2009 - 3:03pm
Positive News in the November Employment Report
In a very gloomy year for America’s job market, the November employment report is the best one we’ve seen in a long time. The big news is that the unemployment rate is down. Gary Burtless examines the implications of the complete report.
Categories: Economic Feed

New CBO Report Finds Recovery Act has Preserved or Created up to 1.6 Million Jobs

December 3, 2009 - 3:19pm
New CBO Report Finds Recovery Act has Preserved or Created up to 1.6 Million Jobs
A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) had preserved or created between 600,000 and 1.6 million jobs as of September. This estimate by Congress’ non-partisan economic and budget analysts is more comprehensive than the 640,000 jobs that ARRA recipients reported in late October, CBO explains. ARRA Also Prevented Even Deeper Recession, CBO Finds CBO also concluded that ARRA boosted economic activity …
Categories: Economic Feed

Around the Halls: How Do We Create Jobs?

December 3, 2009 - 2:56pm
Around the Halls: How Do We Create Jobs?
As the Obama administration hosts economists, academics and corporate executives at a White House "jobs summit" to consider how the government can spur job creation, scholars from around the halls of Brookings suggest a range of ideas from revisiting the National Infrastructure Bank to more investment in education and training.
Categories: Economic Feed

Examining Economic Mobility in America

December 2, 2009 - 2:59pm
Examining Economic Mobility in America
Examining the barriers to economic mobility in America, Ron Haskins and Isabel Sawhill discuss the alarming unemployment rate and the extent of poverty in America and the distinct challenges facing immigrant families and African-American children.
Categories: Economic Feed