It has long been argued by free market economists that unemployment benefits deter individuals from seeking out jobs. This line of reasoning is what has prompted governments to institute certain rules and regulations behind attaining jobless benefits and keeping them for as long as … [Read more...]
Number of Americans Filing for Unemployment on the Rise
The number of Americans filing for unemployment benefits unexpectedly rose by 11,000, a two-month high, to a seasonally adjusted 315,000 in the week ending Sept. 6. This data disrupted the steady decrease to the lowest level since prior to the Great Recession. The Labor Department … [Read more...]
Eurozone youth unemployment rate stands at 23.7% or 19 million people
Last week, new employment data in Europe was published and reported that the eurozone’s seasonally-adjusted unemployment rate was 11.8 percent in the month of March. According to Eurostat, the European Union’s statistics office, close to 19 million people remain unemployed in the … [Read more...]
Study finds one-quarter of millionaires are millennials
"Millennials are the first in the modern age to have higher levels of student loan debt, poverty and unemployment, and lower levels of wealth and income than their two immediate predecessor generations," a recent Pew Research report on the group stated. Perhaps the life of a … [Read more...]
Former White House Advisor: Long-term unemployment is the biggest issue we face today
This week, economists at Princeton University published a paper entitled "Are the Long-Term Unemployed on the Margins of the Labor Market?" that painted a bleak picture of the United States economy and labor market: only one in 10 of long-term unemployed individuals will find a job … [Read more...]
U.S. Employment Outlook Improving Despite Fiscal Cliff Scare
In spite of the looming fiscal cliff and the enormous impact of super storm Sandy on jobs, the overall employment outlook is improving. The effects of super storm Sandy have taken a bigger toll than that of government gridlock, but aside from the storm's affects, new jobs added were … [Read more...]
