March 9, 2015 |
With the nation's payrolls expanding by 295,000 jobs in all sectors, the U.S. unemployment rate hit a new postrecession low in February, reaching 5.5 percent, the Labor Department reported Friday. "We're getting jobs. There's definitely a difference," said John Dodds, director of the Philadelphia Unemployment Project, an advocacy group for low-wage workers. "Wages are still not up," Dodds noted. It is telling that nationwide - at Walmart, in last week's rallies at City Hall and in Harrisburg, at protests near fast-food restaurants, even in Gov. Wolf's first budget address - the focus has shifted from gaining jobs to building paychecks.
January 21, 2015 |
Reuben Amaro expects to file for unemployment by the end of next month - or in early March. That's when the Saladworks in the Gallery will close for renovations at the Center City mall. Amaro, 48, has twice been manager of the restaurant, for a total of seven years. "I'm looking at unemployment for now," said the man with almost the same name as the Phillies' general manager. (The baseball Amaro spells his first name Ruben.) Amaro found out when he returned to work Dec. 16 - three days after his wedding - that the restaurant was shutting down for as long as two years.
September 21, 2014 |
Unemployment rose in Pennsylvania, New Jersey and Delaware in August, the U.S. Department of Labor reported Friday. In New Jersey, as the first of Atlantic City's casinos shut their doors, 800 more people became jobless, compared to July, and the unemployment rate rose from 6.6 percent from 6.5 percent. New Jersey payrolls dropped by 900 jobs over the month, even as they expanded by 3,000 jobs since August, 2013. Pennsylvania's jobless ranks grew by 6,200 statewide as the employment rate rose to 5.8 percent in August from 5.7 percent in July.
June 10, 2014 |
Federal Reserve watcher Ray Stone notes that Friday's payroll data were "very solid," and set the stage for this summer's annual summit in Jackson Hole, Wyo., where central bank officials will debate the quality of the recovery in the labor market. What does that mean for the rest of us? Interest rates rise - or not - based on whether Federal Reserve governors think the economy is picking up. If yes - and jobs growth supports this - rates could go up by mid-2015. Federal Reserve chief Janet Yellen will take a microscope to these latest unemployment data as part of the debate.
April 6, 2014 |
The economy has generated enough private-sector jobs to replace all those lost during the recession, according to data released Friday by the U.S. Labor Department. That was the headline news in an otherwise solid, but unremarkable, report. The unemployment rate remained unchanged at 6.7 percent, and payroll jobs were up by 192,000 in March. In March, private-sector, nongovernmental jobs edged just above 116 million. Such jobs numbered just below 116 million when the recession began in December 2007.
March 25, 2014 |
IT'S ONE thing for Hollywood to keep re-telling the story of Jesus or keep re-making Superman movies, but is it already time for another biopic on Steve Jobs ? The Ashton Kutcher version came out last year. TheWrap.com, however, reports that Christian Bale is David Fincher 's choice to play Jobs in a new untitled movie that Aaron Sorkin has written for Sony. Fincher recently met with Sony's Amy Pascal to discuss the possibility of directing the film, and told her, in no uncertain terms, that he'd helm the project only if Bale plays Jobs.
March 23, 2014 |
Unemployment in the Philadelphia metropolitan area rose in January to 7.1 percent, up from 6.4 percent in December, but down from 9 percent in January 2013, the U.S. Labor Department reported Friday. The figures are not adjusted for normal seasonal variations. Breaking it down, the unemployment rate in the Camden area, which consists of Camden, Gloucester, and Burlington Counties, was 7.9 percent, up from 7.0 percent in December, but down from 10 percent a year ago. Philadelphia and its four surrounding suburban counties also saw an increase, to 6.9 percent in January from 6.3 percent in December, but down from 8.9 percent in January 2013.
February 2, 2014 |
Maybe if it were illegal to discriminate against the long-term jobless, and doing so led to stiff fines, Cheryl Spaulding would be more impressed with the pledge to hire the long-term jobless made by business executives at the White House on Friday. "Every little bit helps," said Spaulding, cofounder of Joseph's People, a network of support groups for the unemployed based in Philadelphia suburban churches. "The truth is that there is no incentive to hire these people, other than ethical and moral," she said.
January 14, 2014
WE ELECT members of Congress to represent our interests and our views. Does that mean that Congress' view of Americans is, in fact, how we see ourselves? We hope not, because that view is unflattering, to say the least. Case in point: In December, more than a million people ran out of unemployment benefits, Congress having failed to pass an extension of federal jobless benefits that kick in after the typical 26-week state programs expire. Last week, the Senate advanced a bill that Republicans in the House say has little chance of passing.