Job Crisis Denial

jobs treading water

Shamus Cooke: Both parties are not talking about the fiscal cliff because they share the exact same solution: austerity -cuts to social programs, government layoffs, and other measures to make working people pay for the nation’s debt instead of the rich and corporations.

Europe’s Youth Employment Is Bad, But Not As Bad As We’re Told

spain euro

ardly a day goes by without a new headline screaming about the scandal of youth unemployment, which has been pinned at the outrageous levels of 50 percent in Spain and Greece and above 20 percent in the eurozone. There’s just one problem – those numbers are derived from a flawed methodology, which misrepresents the true […]

Welcome to the New Normal America

obama golden valley

Joseph Palermo: Wall Street banks should be pouring money into Obama’s reelection since he’s been so good to them, and the neocons should be rejoicing in his establishing precedent for more unchecked executive power.

The Stall Has Arrived

black unemployment

Robert Reich: @idening inequality is the underlying culprit. As long as almost all the gains from economic growth continue to go to the top, the vast middle class doesn’t have the purchasing power to boost the economy on its own.

A Corporate Versus a People’s City Budget

cuts only budget

Shamus Cooke: Portland is simply following a national trend on a city, state, and federal level where Democrats and Republicans have agreed that taxing the wealthy and corporations must not be an option in addressing the social crisis that resulted from the Great Recession, regardless of the vast inequality of wealth that has erupted over the last 30 years.

Unemployment: Shadows and Reality

job creator

Kathleen Peine: The unemployment report came out recently, and Punxatawny Phil saw a service sector job — that means six more years of growth. Or something like that. It’s all very complicated.

Why Jobs Still Matter More Than Budget Deficits

solis obama

Robert Reich: Government should extend unemployment benefits, and not cut spending until the nation’s rate of unemployment is down to 5 percent. Then, and only then, should we move toward budget austerity.

Holiday Pall: Joblessness Crisis Intensifies

black unemployment

Carl Bloice: The average period of unemployment now exceeds 26 weeks, well above the previous peak in July 1983 of just 21.2 weeks. This is critical because the longer that people of any age are out of work, the less likely they are to find another job.

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