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    PODCAST: Unemployment Report

    In this week’s Heritage in Focus, labor economist Rea Hederman discusses last month’s job report. Listen to the full interview, here. Unfortunately, last month’s jobs report was the worst one in some time. We created a mere 18,000 jobs and the unemployment rate increased to 9.2 percent. Normally in a … More

    Morning Bell: Time to End Fannie and Freddie

    Four years after home values in America plummeted, fears over America’s housing market remain. In testimony before Congress yesterday, Federal Reserve Chairman Ben Bernanke cited “the continuing depressed condition of the housing sector” as one of the factors behind America’s sagging economy. In response to the poor market, the White … More

    Top 10 Reads: July 13, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Economy Needs Tax Reform, Not Tax Hikes – J.D. Foster Paul Ryan Schools Sebelius at Hearing … Ouch! – Kathryn Nix Republicans Split on Trade Tactics – Vicki Needham NAT GAS … More

    Fed Chairman Bernanke Projects Continued Slow Growth in Economy

    It’s a continued slow pace of recovery for the U.S. economy, Federal Reserve Chairman Ben Bernanke said in testimony today before the House Financial Services Committee. MarketWatch reports: At the moment, Fed officials see a recovery that “will likely remain moderate,” Bernanke said, with the unemployment rate falling “only gradually.” Inflation is … More

    Washington in a Flash: Ben Bernanke Heads to the Hill

    Federal Reserve Chairman Ben Bernanke is due to deliver the Semiannual Monetary Policy Report to Congress today before the House Financial Services Committee. What will he say about unemployment, if anything at all? The stakes are high with Bernanke’s approval rating at an all-time low. The hearing starts at 10 a.m. … More

    Youth Hardest Hit in Obama Economy

    Whom has the recession hurt the most? There is no easy answer to that question—job opportunities have diminished for every ethnic and demographic group. But one of the worst hit groups has attracted little media attention: the youth. Younger Americans overwhelmingly voted for Obama in 2008, but the Obama economy … More

    Obama vs. the Evidence: Infrastructure Spending Is No Job Creator

    The latest unemployment numbers, released Friday, showed that the economy created a net 18,000 jobs in June, far below the roughly 150,000 needed to keep pace with new job market entrants. The unemployment rate ticked up to 9.2 percent. Since President Obama had not yet been asked directly about June’s … More

    Chao: High Unemployment Doesn't Have to Be the New Norm

    In an interview Friday on Fox Business Network, former Secretary of Labor Elaine Chao took head on the notion that persistent, high unemployment is the new way of life in America. Chao says it doesn’t have to be that way: This administration is trying to say that there’s a new … More

    Questions and Answers on America's Unemployment

    We asked The Heritage Foundation’s William Beach, Director of the Center for Data Analysis, to answer some questions about America’s economy and unemployment following the Department of Labor’s release of the June 2011 payroll report. Here are his responses: Question: How does this job market recovery compare to past recessions? Answer: … More

    From Hope to Defeatism: White House Changes Message on Economy

    June’s job numbers– 9.2 percent unemployment and the creation of only 18,000 new jobs — has brought a fundamental shift in the White House’s message on the economy. The Heritage Foundation’s Michael Franc sums it up: “Bye-bye, hope and change. Hello, denial and defeatism.” In yesterday’s National Review Online, Franc … More