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  • unemployment

    Morning Bell: The Unemployment Empty Promise

    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 … More

    White House's New Top Economist: Unemployment Benefits Are Not Stimulus

    President Obama’s pick as chairman of the White House Council on Economic Advisors co-authored a paper that showed that extending unemployment benefits will likely exacerbate joblessness. The paper’s findings run counter to the president’s economic argument for an unemployment benefit extension, which is expected to be a major part of … More

    Morning Bell: More Bad News for the Obama Economy

    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 … More

    Illinois Loses Most Jobs in Nation Following Massive Tax Increase

    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 … More

    CBO Report's Good News Built on Shifting Economic Sands

    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 … More

    Morning Bell: Obama's Tour of Denial and Blame

    It’s being billed as a listening tour—a three-state journey across the Midwest where President Barack Obama will hear directly from Americans about the economy and talk about his ideas for job growth. Instead, though, it has the characteristics of a political campaign swing, and the rhetoric the President has brought along for … More

    Wow! The Economy Seems Great! (But Only if You Live in D.C.)

    Think the economy is getting better? See brighter skies ahead? If so, then you’re in the minority. Well, that is, unless you live in Washington, D.C. According to a new Gallup poll, the District of Columbia is the only place in the country where a majority of people think the economy … More

    Memo to White House: Unemployment Benefits Aren't So Stimulating

      You might think that a White House press briefing would be the one place where it’s safe to ask the Obama Administration a question about its economic policy. Well, think again, especially if you’re questioning the underlying premise of the Administration’s economic philosophy. Yesterday, The Wall Street Journal’s Laura … More

    Gallup Poll: Americans' Confidence in the Economy Plunges

    The Dow Jones Industrial Average saw its biggest daily gain yesterday since March 2009, but Americans’ confidence in the economy has dropped to levels not seen since that same time period, according to a new Gallup poll. Americans’ economic confidence plunged to -53 in the week ending Aug. 7, a level … More

    A Smarter Economic Policy Would Provide the Best Help to Veterans

    The President is expected to speak this morning at Washington’s Naval Yard about the importance of finding jobs for America’s veterans. Veteran unemployment is at an all-time high. The best way to solve the problem, however, is for Washington to change course. The best advantage the nation ever gave a veteran … More