NEWS
By Erin Cox, The Baltimore Sun | April 16, 2013
Gov. Martin O'Malley plans to tackle the high unemployment rate among Maryland veterans, his office said Tuesday. By the end of 2015, O'Malley aims to reduce veteran unemployment from 5.3 percent to below 3 percent, which economists would consider full employment, the administration said. "The military provides our service members with some of the best possible skills and leadership training," O'Malley said in statement. "We want to make sure Maryland's veterans who possess those skills become a part of our workforce.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | March 20, 2013
Lanham-based veterans group Amvets has been awarded a $250,000 grant to bring veterans' job services to 20 new markets around the country. The grant comes from the Call of Duty Endowment, which provides grants to groups that find jobs for veterans. Amvets expects to open career centers in Pennsylvania, Ohio, Iowa, California, Florida, Missouri and Tennessee. The unemployment rate for veterans improved overall in 2012 to 7 percent, according to a U.S. Labor Department annual report released Wednesday.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | March 18, 2013
Maryland employers added 6,700 jobs in January, picking up the pace from the end of last year, the U.S. Department of Labor said Monday. Businesses added 5,300 jobs in December, according to the agency's revised estimates. In both December and January, all gains came from the private sector as government agencies cut back — eliminating 1,500 jobs in each month. January's uptick wasn't large enough to lower the unemployment rate, which held steady at 6.7 percent. The U.S. jobless rate was 7.9 percent that month.
NEWS
February 20, 2013
Letter writer Don Mathis of the Community Action Partnership insists in one breath that he is not a shill for the Obama Administration, then in the next tries to convince readers what a wonderful job the president is doing ("Obama speech was about strengthening the middle class," Feb. 17). Really? Mr. Mathis claims unemployment is going down when the reality is that it is climbing. The work force has declined considerably since the onset of this administration, making the unemployment rate much higher than touted by mainstream media outlets and a complicit Sun. Accordingly, Mr. Mathis may be right about the auto industry not crashing, but he forgot to mention the billions of dollars it owed to taxpayers that we will never recover.
NEWS
By Bill Barry | February 7, 2013
In all of the clamor about deficit reduction and fiscal cliffs, the assumption is that the U.S. economy is basically fine. The "jobs slump" is just that - a slump - so with proper government intervention (or lack thereof), the happy days of full employment will return. After all, the "recession" is just temporary, isn't it? There is a more devastating prospect: that the lost jobs are gone forever, leaving tens of millions of Americans, concentrated at opposite ends of the age scale, who may never work "permanently" again.
NEWS
By Peter Morici | January 2, 2013
Friday, forecasters expect the Labor Department to report the economy added 155,000 jobs in December - substantially less than is needed to pull unemployment down to acceptable levels. The tax and spending package passed by the Senate and House provides little prospect of improvement, as the U.S. economy continues to suffer from insufficient demand and will continue growing at a subpar 2 percent a year. Factors contributing to weak demand and slow jobs creation are the huge trade deficits with China and other Asian exporters, as well as on oil. However, on the supply side, increased business regulations, rising health care costs and mandates imposed by Obamacare - and now higher taxes on small businesses - discourage investments that raise productivity and competitiveness and create jobs.