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Tag Archives: Unemployment

Obama-Congress Fiscal Deal Must Be Bipartisan, Budget Analyst Says

Any deal in Congress to avert the fiscal cliff of tax increases and spending cuts must have policies that members of both parties do not like, the head of a business-backed campaign told the Business Journal. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, told Washington bureau chief …

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House Panel Told Defense Cuts Put 880K ‘Main St.’ Jobs At Risk

One million U.S. jobs could be lost if the congressional supercommittee fails to agree on a deficit reduction proposal and automatic defense budget cuts are imposed, according to the Aerospace Industries Association, a major trade group representing many defense contracting firms. The figure comes from an economic impact analysis prepared …

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Job Creation Up in September, Unemployment Stuck at 9.1

More workers were hired in September and job gains from previous months were revised higher, but the Labor Department’s latest jobs report says it did not make a dent in the nation’s unemployment rate. Unemployment remains at 9.1 percent, the same rate as July and August according to the Bureau …

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Congress Returns from Recess, Agenda Ahead

Congress returns to Washington this week after a month-long recess, with a full slate of issues on its agenda. C-SPAN reports lawmakers will focus on three issues that dominated their schedules before the recess: jobs, spending and deficits. President Barack Obama will address a joint session of Congress Thursday to …

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Job Growth Halted in August, Labor Dept. Says

New job numbers released Friday by the Labor Department show job growth remained unchanged in August, with the unemployment rate holding at 9.1 percent. The new report says the number of those unemployed for 27 weeks and over was unchanged at 6 million in August and accounted for 42.9 percent …

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CBO Gives Grim Outlook on Deficit & Unemployment

The U.S. is facing a $1.3 trillion deficit for fiscal year 2011 and an unemployment rate above 8 percent through 2014, according to a projection from the Congressional Budget Office. The CBO’s latest mid-term outlook, released Wednesday, was originally completed in July. The CBO updated its outlook in August to …

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President Announces Vet Workforce Initiatives

President Barack Obama announced Friday a series of administration initiatives to help veterans find jobs once they return to the U.S. AFPS reports the president proposed a series of tax credits for companies hiring veterans, including an increase to the existing tax credit for hiring disabled veterans. The Returning Heroes …

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