July 19, 2016 |
Donald Trump introduced Indiana Gov. Mike Pence as his running mate Saturday, but, in doing so, oversold Indiana's economic performance under Pence. Trump praised Pence for reducing the state's unemployment rate, which has declined by 3.4 percentage points since January 2013. But that tracked the national average, which dropped 3.3 percentage points in that time. Trump said it was "very unusual" that Indiana has added 147,000 private-sector jobs. Not really. Florida (12.7 percent)
February 22, 2016 |
TRENTON - As New Jersey lawmakers consider taking over Atlantic City's finances and asking voters to approve casino expansion to the northern part of the state, a new report paints a bleak picture of the ailing resort town's underlying economics. Job loss is the new normal, the labor force is in "free fall," and the housing market is "moribund," according to a report released last week by the South Jersey Economic Review, published by the William J. Hughes Center for Public Policy at Stockton University.
September 8, 2013 |
Doldrums continued in the U.S. labor market in August with the nation's payrolls adding 169,000 jobs - not enough, or fast enough, to move the needle much for the nation's 4.3 million long-term unemployed. The unemployment rate declined slightly to 7.3 percent, the lowest rate in nearly five years, the U.S. Labor Department reported Friday. "The drop in the employment rate is bogus," said Ryan Sweet, an economist with Moody's Analytics in West Chester. "It's attributable to people - teenagers and older people - leaving the labor force.
August 23, 2013 |
MARK MERCER had filled out more job applications than he could count, and after two years of trying to snag a steady gig the old-fashioned way, he decided in June to try a new approach. Decked out in black shoes and a black suit - the only one he owns - Mercer stands almost daily in the heart of the city's financial district, on the southeast corner of 19th and Market streets, with a stack of resumes and a huge sign: I Don't Want Your Change. I NEED A JOB. Mercer, 54, was fired in 2011 after four years in a customer-service job in Bucks County for refusing to yell at a technician, he said.
June 3, 2013
It may be hard to believe, but it really is the improving economy that is driving down unemployment rates. The economy is getting better, so why are so many people distrustful of the government data? The question I am asked most often is: "Do you really think the unemployment rate is accurate?" The measure that is supposed to describe the status of the labor market is now assumed by many to misstate its true condition. The reality is that the number does a good job of summarizing things.
May 18, 2013 |
New Jersey's April unemployment rate dropped below 9 percent - to 8.7 percent - marking its lowest point in four years, the state's Department of Labor and Industry reported Thursday. A gain of 4,100 private-sector jobs offset a loss of 800 public-sector jobs, including scores of Camden police officers laid off last month when a county force took over policing the city. While New Jersey's rate has fallen, it still tops the nation's, which was 7.5 percent in April. To the Christie administration, the report, coupled with another showing better-than-expected increases in revenues from income, corporate, and sales taxes, points to an economy on the upward track.
June 5, 2012 |
In 1935, Time magazine ran an article titled "Maniacal Wives. " It actually focused on ex-wives, who were allegedly bleeding their former spouses dry out of a mix of greed and vindictiveness. According to the author, 69 percent of the ex-wives he studied were "suffering from psychoses bordering on sadism. " Spend a few minutes trolling through the blog posts of New Jersey divorce-reform activists, and you might conclude that vengeful women are still taking hapless men to the cleaners.
April 22, 2012 |
Coming Apart, the book I published a few months ago, tracks the cultural divergences in America's classes from 1960 to 2010, focusing on whites as a way of getting people to understand that the problems I describe aren't driven by minorities. I used Belmont, an affluent Boston suburb, as my label for the white upper middle class, and Fishtown, referring to Philadelphia's own Fishtown, one of the oldest white working-class communities in America, as my label for the white working class.
February 9, 2012 |
The unexpected drop of the unemployment rate to a three-year low has overshadowed a less-positive labor-market development: Fewer Americans are looking for work. Last week's Labor Department announcement that the jobless rate fell to 8.3 percent in January sent stocks and bond yields higher. The same report showed the share of working-age people in the labor force had declined to the lowest level in 29 years. The so-called participation rate was cited by Federal Reserve Chairman Ben S. Bernanke on Tuesday to support his assessment that the rate of unemployment obscures vulnerabilities in the job market.
December 3, 2011 |
Question: November's unemployment rate dropped to its lowest point since March 2009, the U.S. Labor Department reported Friday. Why isn't that good news? Answer: It is good news, but it isn't great news. The unemployment rate is a ratio that accounts for two numbers - the number of unemployed as a percentage of the number of people in the labor force. In November, the number of unemployed people dropped 594,000, and the labor force fell 315,000 people. So, in the entire pool of workers, fewer were unemployed.