Tag: unemployment

News Roundup – Jobs Report, Egyptian pyramids, Stand Your Ground

From EPI: Today’s jobs report was, to say the least, strange. The first look was exciting—288,000 payroll jobs added! Now that is the kind of job growth that would get us back to a healthy labor market relatively soon. If we were to keep up this pace, we would get back to pre-recession labor market conditions by the end of 2016. Even I could live with that. The second look was good, too—the household survey showed the unemployment rate plunged to 6.3 percent. But I should have stopped looking there, because the rest was pretty bad. It turns out the drop in

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Austerity and Pro-Unemployment

As everyone should know by now conservatives have blocked almost every stimulus package that has been proposed over the last five years. No stimulus equals austerity. Austerity equals high unemployment. It is that simple. (European austerity failed.) We can argue about how long a stimulus should last or how low we should try to push unemployment (too low is bad), but the data is clear. Austerity has clearly slowed our economic growth. From Krugman: Jonathan Chait makes a good point about the deficit scolds: whatever they may say, they have in practice played a key role in promoting short-run fiscal austerity and

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The Economy and Unemployment Benefits

I haven’t had an opportunity to talk about the fact that the “War on Poverty” has just turned 50. Instead, I’d like to spend some time talking about the economy. Towards the end of this post I will talk about unemployment benefits. Today we got the much-anticipated jobs numbers. Sometimes the jobs numbers are little hard to digest. This month, according to the Bureau of Labor Statistics, the economy added 74,000 jobs. If you think that number is somewhat low, you are in excellent company. The unemployment rate dipped to 6.7%. I don’t believe any of it. This number (74,000 jobs)

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.


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