- Long-term unemployment almost double pre-financial crisis level – OECD, By Phillip Inman, September 3, 2014, The Guardian: “The number of long-term unemployed in the world’s major economies has increased by 85% since the financial crash, according to the latest employment monitor by the Organisation of Economic Cooperation & Development (OECD). More than 16 million people have been out of work for at least a year in the first quarter of 2014, up from 8.7 million before the crisis, or more than one in three of all unemployed across the OECD’s 34 member countries, the report said…”
- U.S. job growth slips in August after months of bigger gains, By Nelson D. Schwartz, September 5, 2014, New York Times: “Once again, the American economy has managed to frustrate the optimists. After a series of positive economic reports in recent weeks, the Labor Department said Friday that hiring in August sank to its slowest pace since December, with employers adding 142,000 jobs last month. The vast majority of economists had been looking for a gain of at least 200,000 in payrolls, coming off healthy indicators for durable goods orders, construction activity and manufacturing in July and August. The unemployment rate did fall by 0.1 percentage point to 6.1 percent last month, but that was because more people dropped out of the work force rather than found jobs…”
Poverty-related issues in the news, from the Institute for Research on Poverty