America has the weakest labor market since the Great Depression. Unemployment remains above 9 percent, primarily because job creation hasn’t recovered. In a new paper, Heritage’s James Sherk looks at unemployment in America and what Congress can do about it. And in the interactive slideshow below, see what America’s employment …
The Big Labor full-court press is in full swing ahead of President Barack Obama’s speech next week in which he will roll-out a new jobs plan. What do they want? You guessed it: more government spending (as if an auto industry bailout, Obamacare, and a $780 billion stimulus weren’t enough.) Yesterday, …
Sometime next week—we don’t quite know when—President Barack Obama is due to announce his latest jobs plan designed to lift America out of its unemployment doldrums. And though we also don’t know the exact details of the plan, there’s a pretty good chance it will include several key components we’ve heard …
Some people will never be satisfied. Case in point: AFL-CIO president Richard Trumka, who today lambasted President Barack Obama for not doing enough to create jobs—which in his world means “spend more on infrastructure so my union constituency benefits.” Unfortunately for America, Obama has already done too much spending. USA Today …
Americans’ confidence in the economy is sitting at its lowest point since March 2009, and in every state in the country, a vast majority of Americans see the economy as getting worse. Meanwhile, the number of people claiming new jobless benefits rose again last week. Under those circumstances, it’s no wonder the …
Correlation doesn’t necessarily equal causation, but some disturbing correlations are evident in the nation’s economic woes. Take Illinois. If you take a look at the chart below, you can see a startling picture. In Illinois, employment numbers increased steadily until January 2011, at which point they took a sharp dip …
Contrary to tradition, the Congressional Budget Office (CBO) today released its mid-year assessment of the budget and economic situation. Traditionally, CBO releases its mid-year assessment after the White House’s Office of Management and Budget (OMB) releases its statutorily required Mid-Session Review (MSR). The law requires the MSR to be produced …
