Employment

Recession, tech cost middle class Americans their jobs

Recession, tech cost middle class Americans their jobs

Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries the world over. And the situation is even worse than it appears. Most of the jobs will never return, and millions more are likely to vanish as well, say experts who […]

Health care claims long on hype, short on facts

Health care claims long on hype, short on facts

Republicans pushing to repeal President Barack Obama‘s health care overhaul warn that 650,000 jobs will be lost if the law is allowed to stand. But the widely cited estimate by House GOP leaders is shaky. It’s the latest creative use of statistics in the health care debate, which has seen plenty of examples from both […]

Jobs report shows momentum for new year

Jobs report shows momentum for new year

The government is expected to report Friday that businesses stepped up hiring in December, a trend likely to gain momentum in 2011. Economists are predicting that employers added a net total of 145,000 jobs last month and that the unemployment rate dipped to 9.7 percent. Some are even more optimistic after a private payroll firm […]

Health care ‘reform’ could undermine employee plans

Health care ‘reform’ could undermine employee plans

The new health care law wasn’t supposed to undercut employer plans that have provided most people in the U.S. with coverage for generations. But last week a leading manufacturer told workers their costs will jump partly because of the law. Also, a Democratic governor laid out a scheme for employers to get out of health […]

Economic woes expected to continue

Economic woes expected to continue

The U.S. economic recovery will remain slow deep into next year, held back by shoppers reluctant to spend and employers hesitant to hire, according to an Associated Press survey of leading economists. The latest quarterly AP Economy Survey shows economists have turned gloomier in the past three months. They foresee weaker growth and higher unemployment […]

Even government workers face job losses

Even government workers face job losses

For years, most people who worked for state or local governments accepted a fact of life: Their pay wasn’t great. The job security was. Now that’s gone, too. States and municipalities are facing gaping budget gaps. Many have responded by slashing services, raising taxes and, for the first time in decades, making deep job cuts. […]

Mixed bag in jobs report

Mixed bag in jobs report

A wave of census layoffs cut the nation’s payrolls in June for the first time in six months, while private employers added a modest number of jobs. The unemployment rate fell to 9.5 percent, its lowest level in almost a year. Employers cut 125,000 jobs last month, the most since October, the Labor Department said […]

Don’t expect a quick economic recovery

Don’t expect a quick economic recovery

The pillars of Americans’ financial security — jobs and home values — will stay shaky well into 2011, according to an Associated Press survey of leading economists. The findings of the new AP Economy Survey, released Monday, point to an economic recovery that will move slowly and fitfully this year and next. As a result, […]