Showing posts from November, 2013

This Thanksgiving...


Whistle While You Work. I Said "Whistle!"

NELP: Lawmakers Push to Renew Federal Jobless Aid As Deadline for House Vote Draws Near

Report Shows Ongoing Labor Market Distress, Need to Extend Jobless AidWashington, DC—With only 10 days left on the House legislative calendar before the Congressional holiday recess, a group of lawmakers issued an urgent call today to reauthorize federal jobless aid for the long-term unemployed as Representative Sandy Levin (D-MI) and Senator Jack Reed (D-RI) announced new legislation to renew federal unemployment insurance through 2014.An estimated 1.3 million unemployed workers would be abruptly cut off from federal jobless aid at year’s end, if Congress fails to reauthorize the program before the December 31st expiration. An additional 1.9 million workers would lose this vital aid during the first six months of 2014.The showdown over the future of the Emergency Unemployment Compensation (EUC) program takes place amid mounting evidence that the U.S. labor market remains in distress, as documented by an analysis released today by the National Employment Law Project."The fate of …

On The Senate Rules Change

It's OK, GOP: you can still #filibuster bills for hurricane relief and 9/11 first responders. #Maddow#p2— A 99er (@HelpThe99ers) November 22, 2013

NY Times: "Caught in Unemployment’s Revolving Door"

Annie Lowrey, writing in the New York Times:"…joblessness itself has become a trap, an impediment to finding a job. Economists see it the same way, concerned that joblessness lasting more than six months is a major factor preventing people from getting rehired, with potentially grave consequences for tens of millions of Americans."The long-term jobless, after all, tend to be in poorer health, and to have higher rates of suicide and strained family relations. Even the children of the long-term unemployed see lower earnings down the road."The consequences are grave for the country, too: lost production, increased social spending, decreased tax revenue and slower growth. Policy makers and academics are now asking whether an improving economy might absorb those workers in time to prevent long-term economic damage."

In budget conference committee, Senator Coons focuses on budget’s impact on long-term unemployed

Asked about policies that could accelerate growth and help the long-term unemployed, Director Elmendorf said, "Of all non-defense discretionary spending, half represents investment of some sort. About 20 percent of non-defense discretionary spending is investment in physical capital, such as highways, another 15 percent goes for education and training, and about 10 percent goes for R&D, such as health research. Over all, we think those investments help to build a stronger economy in the future and cutbacks in those investments would reduce output and income in the future."The problem of long-term unemployment, Elmendorf noted, also "has important economic effects over time… It poses a very large risk of there being some set of people who will not find their way back to work at all or will not find their way to the productive sort of work that they were in before they lost their jobs."Elmendorf said the CBO has "reviewed the evidence on a large number of di…

Quotes of the Day

"In September, 1.4 million workers, or only 34 percent of all the long-term unemployed, received federal unemployment benefits, down from about 2.2 million workers a year ago." (source: The Hill)"… by failing to address unemployment, we have, in fact, been sacrificing the future, too. What passes these days for sound policy is in fact a form of economic self-mutilation, which will cripple America for many years to come." (source: Paul Krugman)I hope to address the issue in a longer piece soon. For now, though, I have to ask: who are we, as a nation, that we inflict such damage on ourselves?

New York Times Endorses Noam Bramson for County Executive

Citing "a starker divide, between responsible governing and recklessness," the New York Times Editorial Board endorses Noam Bramson for Westchester County Executive:"Mr. Bramson, New Rochelle's mayor since 2006, has the skills and vision needed to run the county well. He makes a strong case that Mr. Astorino's spending cuts — to the planning department, mental health services and child care support, among other things — have done damage. So has the self-destructive battle over fair housing, which Mr. Bramson promises to end. We recommend Mr. Bramson."