Payrolls Drop in 28 U.S. States, Joblessness Rises in 21 in Labor Setback
Editor’s Note: Naturally, a bit of quantitative easing propaganda thrown in; like the “rescue” worked before. Timothy R. Homan and Courtney Schilsserman Bloomberg Payrolls…
Employment
Number of Adult Children Living with Parents Spikes as Homeownership Plummets
Calculated Risk This interesting graph is from economist Tom Lawler comparing the percent of 24-34 year olds living at home vs. the under 35 year…
A Grim Record: One In Seven Americans Is On Food Stamps
Jacob Goldstein NPR The number of people on food stamps keeps hitting new all-time highs; as of September, nearly 43 million people were using the…
Economy Needs To Create 235K Jobs A Month To Return To Pre-Depression Levels By End Of Obama Second Term
Tyler Durden Zero Hedge When we last ran this number, the economy needed to create 232,400 jobs per month to get to the same unemployment…
12 Simple Things You Can Start Doing Right Now To Prepare For The Coming Financial Apocalypse
The American Dream It is becoming increasingly apparent that the U.S. economy is heading for complete and total disaster. State and local governments across the…
High jobless rate streak could break ’80s record
Job Fair – photo: Mark Wilson/Getty Paul Davidson USA TODAY Not since the early 1980s has the nation’s unemployment rate been so grim for so…
Bailouts Are For Banks: Unemployed People Get Zilch
Peter S. Goodman Huffington Post In Washington, the agenda has long since moved on from bailing out megabanks to figuring out how to stop paying…
Bernanke: Long-Term Unemployment Has SEVERE ‘Social Consequences’
Kristina Cooke Reuters NEW YORK — Federal Reserve Chairman Ben Bernanke warned on Tuesday that a long period of high unemployment could exact a steep…
2 million lose jobless benefits as holidays arrive
Tom Breen Associated Press Extended unemployment benefits for nearly 2 million Americans begin to run out Wednesday, cutting off a steady stream of income and…
Unemployment Extension Defeated In House
image source Arthur Delaney Huffington Post WASHINGTON — The House of Representatives on Thursday voted down a measure that would have reauthorized extended unemployment insurance…
The REAL Unemployment Rate Is 22%
The Daily Bell Details from John William’s Shadow Stats: The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged…
Big Lies, Little Lies
Paul Craig Roberts VDare If we cannot trust what the government tells us about weapons of mass destruction, terrorist events, and the reasons for its…
Obama calls India creator, not poacher, of US jobs
Reuters image Ben Feller Associated Press MUMBAI, India – Searching for help half a world away, President Barack Obama on Saturday embraced India as the…
Volcker calls Fed plan an “illusion”, won’t boost economy
Kelly Olsen Associated Press SEOUL, South Korea — Former Federal Reserve Chairman Paul Volcker says the U.S. central bank’s plan to buy hundreds of billions…