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jobless recovery News

jobless recovery News From AOL News

David Brooks Says Unemployed Care More About Values Than Jobs

By Paul WachterOct 29th 2010 – 10:42AM

(Oct. 29) -- The latest economic growth numbers aren't good: The economy grew just 2 percent in the third quarter, the Commerce Department reported today. It's a "slight uptick" from the previous quarter, reports The New York Times, but not enough to put a dent in the country's 9.6 percent unemployment rate. "The economy...

Glenn Beck Blasts 99er Movement

By Steven HofferAug 19th 2010 – 2:20PM
Jose Luis Magana, AP

Jose Luis Magana, AP

(Aug. 19) -- Glenn Beck probably won't be joining a 99er protest anytime soon. On Monday, the Fox News television commentator lambasted the 99er movement -- composed of the 1.4 million long-term unemployed Americans who have exhausted the full 99 weeks of emergency federal unemployment aid -- for not seeking out work and...

Opinion: Give Me Work -- The Terrible Price of Outsourcing

By Mark BudmanJul 13th 2010 – 6:09AM
Chris Hondros, Getty Images

Chris Hondros, Getty Images

(July 13) -- If I were to pick the single-biggest issue that dampens the American spirit, damages our economy and ruins our future, it would be unemployment. Total nonfarm payroll employment declined by 125,000 in June; the unemployment rate is 9.5 percent, according to the U.S. Bureau of Labor Statistics. What drives...

Background on jobless recovery

A jobless recovery or jobless growth is an economic phenomon in which a macroeconomy experiences growth while maintaining or decreasing its level of employment.

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