NEWS
By Michael Oneal | August 8, 2009
Losses in the job market are finally showing real signs of moderating. But as with most other economic data these days, Friday's employment report sent mixed messages, suggesting that while the economy may be bottoming out, recovery will likely be slow, fitful and frustrating. The Department of Labor reported that the U.S. economy lost 247,000 jobs in July while the unemployment rate dipped to 9.4 percent from 9.5 percent. That was the smallest monthly decline in jobs since last August and provided clear evidence that the longer-term pace of job erosion is slowing markedly.
NEWS
By Lorraine Mirabella | June 20, 2009
Unemployment in Maryland topped 7 percent in May, reaching a more than 25-year high as joblessness rose in 48 states and experts said the worst is far from over. The jobless rate hit 7.2 percent in Maryland, up from 4.1 percent in May 2008, preliminary government figures released Friday showed. Economists say joblessness is expected to rise well into next year. "There is always a lag in terms of economic recovery in output and employment, and this recovery is expected to be slower," said Mohammad Iqbal, an economist with IHS Global Insight.
NEWS
By Tyeesha Dixon | April 25, 2009
Although Travis Galey knew there was a chance he could become unemployed, he was shocked when he became a victim of companywide layoffs about a month ago. But as the 35-year-old Annapolis man searches for jobs and contemplates the future, he is also sharing his experience with other people in his city who are going through a similar situation. "There's been times when you're sitting at home and you're not used to sitting at home," he said. "The panic sets in." Galey and a handful of other Annapolis residents are part of a new Unemployment Support Group, organized by Ward 7 Alderman Sam Shropshire.
NEWS
December 9, 2008
Public works proposal a win-win situation I very much like the fact that the recovery plan presented by President-elect Barack Obama emphasizes public works programs ("Obama warns of worsening economy," Dec. 8). I have long advocated such programs because they are not just a tax-and-spend policy but a precious investment in our infrastructure that will create millions of jobs. As Mr. Obama has also suggested, I would invest more money in helping the unemployed; the unemployment numbers are just plain scary, and if our financial institutions and auto companies can get a bailout, our unemployed deserve a sizable investment.
NEWS
By Lorraine Mirabella and Scott Calvert | November 9, 2008
It can be devastating to lose a job, whenever it happens. But the growing numbers of the unemployed in today's economy are facing some tough challenges getting their lives back on track. In Maryland and across the country, thousands of families are feeling the pain of job losses. Crises in housing, credit and the financial arena have forced companies to trim work forces or freeze hiring, leaving few industries untouched. And the employment outlook appears bleak. About 10.1 million people were unemployed nationwide in October.
NEWS
By Kevin G. Hall | February 19, 2008
WASHINGTON -- Bill Clinton's campaign famously defined the 1992 election with the phrase, "It's the economy, stupid." Today, "It's the jobs, stupid." The latest employment figures, released in late January, showed a 52-month streak of job creation ending with a loss of 17,000 jobs last month. The Bush administration acknowledged the contraction, but pointed to the national unemployment rate of 4.9 percent to say that the labor market wasn't a harbinger of recession. A closer look at unemployment data by McClatchy Newspapers, however, found that jobless Americans are spending more time looking for work and that those who can't find work now make up a greater share of the unemployed.
NEWS
By Michael Oneal and T. Shawn Taylor | March 5, 2004
As the nation's 8.3 million jobless wait for evidence that a growing economy will finally lead to robust hiring, one thing is clear: Long-term unemployment is the worst it has been in this country for more than 20 years. According to a new study by the Economic Policy Institute, a Washington think tank, 22.1 percent of all unemployed workers were out of work for six months or more last year - the worst annual rate since 1983. Also, a growing number of those long-term job seekers were people with lots of experience and education, raising disturbing questions about the loss of high-quality work during the nation's persistent "jobless recovery."
NEWS
By Evan Osnos | December 14, 2003
BAGHDAD, Iraq - Morning after morning, they arrive in ragged ones and twos, until dusty plazas across the city are clogged with one of Iraq's most volatile populations: the unemployed. To understand many of the tensions shaping Iraq more than seven months after the United States took control, there is perhaps no better place to begin than with the teeming open-air job markets for day laborers that illustrate a startling statistic: As much as 50 percent of the work force remains unemployed.
NEWS
December 10, 2003
IN A MOMENT only an unrepentant Ebenezer Scrooge could fully appreciate, Congress got out of Washington yesterday without leaving behind so much as a lump of coal for the unemployed. Thanks to Republican inaction this year, there will soon be no more extensions of the 13-week federal unemployment benefit for those who exhaust the customary 26 weeks of state benefits. That federal program kicked in during March of last year when the unemployment rate was 5.7 percent. It ends while unemployment is 5.9 percent.
NEWS
By Jamie Smith Hopkins | September 6, 2003
A slight improvement in unemployment numbers last month concealed the dismaying fact that businesses cut 93,000 jobs across the nation - the largest loss in five months and a sign that the economy has yet to recover in the way that matters most to workers. America's unemployment rate dipped to 6.1 percent from 6.2 percent in July, but the ranks of out-of-work people too discouraged to seek new jobs swelled to 503,000, according to U.S. Department of Labor statistics released yesterday.