- Middling jobs gain signals a long path to healthy payrolls, By Catherine Rampell, June 7, 2013, New York Times: “American employers added 175,000 jobs in May, almost exactly the average monthly job growth over the last year, the Labor Department reported Friday, while the unemployment rate ticked up to 7.6 percent from 7.5 percent in April. Economists were relieved that the numbers weren’t worse, given a string of other disappointing data in recent weeks, but noted that recent job trends are nowhere close to bringing the country back to full employment. At the current pace of job and population growth, it would take nearly five years to get the economy back to the low unemployment rate it enjoyed when the recession officially began in December 2007…”
- U.S. adds 175,000 jobs; jobless rate moves up, By Paul Davidson, June 7, 2013, USA Today: “Employers added a better-than-expected 175,000 jobs in May, providing further evidence of a resilient labor market despite huge federal spending cuts and global economic turmoil. The unemployment rate rose to 7.6% from 7.5%, the Labor Department said Friday, as 420,000 Americans, including previously discouraged workers who had given up job-hunting, joined the labor force. The labor force includes people working and looking for work…”
Day: June 7, 2013
Long-Term Unemployment
Why the unemployed are seeing smaller checks, By Tami Luhby, June 7, 2013, CNNMoney: “Federal budget cuts are taking a big bite out of the unemployment checks for the long-term jobless. Precisely how those cuts are being carried out varies by state. Most are enacting an across-the-board reduction for all federal unemployment insurance recipients, but some are ending the program early or slashing benefits only for new enrollees. And in some states, recipients should brace for an upcoming shock. The places that took the longest to implement the cuts will need to compensate by slicing off a bigger chunk of recipients’ remaining checks…”
State Pre-Kindergarten Programs
Some states shoring up spending on pre-K, By Adrienne Lu, June 4, 2013, Stateline: “President Obama is calling for a $75 billion investment over 10 years in high-quality pre-kindergarten programs. While Congress studies his proposal, governors and state lawmakers are forging ahead with their own ideas…”