Results tagged “jobcreation”

After the U.S. Department of Labor announced that October's unemployment rate was 10.2%, one thing that was left unsaid was the number of people who have been unemployed so long they've given up looking for work, not to mention the people who are working part-time but would rather be in full-time jobs. According to the NY Times, "In all, more than one out of every six workers — 17.5 percent — were unemployed or underemployed in October. The previous recorded high was 17.1 percent, in December 1982."

Mayor Bloomberg is scheduled to give his State of the City address today, but details have already been leaked to the press.

In the weekly Democratic radio address (which is also videotaped for Youtube), President-elect Barack Obama outlined his economic stimulus plan. Noting the "crisis of historic proportions," Obama wants to create 2.5 million jobs in a two-year period to stimulate growth:

"It will be a two-year, nationwide effort to jumpstart job creation in America and lay the foundation for a strong and growing economy. We’ll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels; fuel-efficient cars and the alternative energy technologies that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead."