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Entries in Jobless (5)

Thursday
Oct182012

Gallup: Unemployment Rate Now Down to 7.3 Percent

iStockphoto/Thinkstock(WASHINGTON) -- There's an October surprise in the making that's out of the hands of either President Obama or GOP presidential nominee Mitt Romney.

A report by Gallup tracking the nation's hiring finds that the unemployment rate has dropped to 7.3 percent in mid-October, or 7.7 percent when seasonally adjusted.

Either way, it seems to give more credence to the September report by the Bureau of Labor Statistics, which said that the jobless rate dipped to 7.8 percent that month from 8.2 percent in August.

This could bode well for the Obama campaign -- if the trend continues -- since October's unemployment numbers will be out just four days before Election Day.

Then again, the percentage of part-time workers who would rather work full time was 8.6 percent in September and climbed to 9.0 percent so far this month.

Furthermore, the Romney campaign can point to the fact that just 59 percent of the population has a job, compared to 63 percent in late 2007, with millions having given up looking for work.

Copyright 2012 ABC News Radio

Thursday
Sep292011

TaskRabbit: Putting Americans Back to Work, One Odd Job at a Time

PRNewsFoto/TaskRabbit(SAN FRANCISCO) -- They could be anybody: lawyers, doctors, police officers. What do they all have in common? They're all TaskRabbits.

TaskRabbit, based in San Francisco, is a sort of an eBay for odd jobs. Here's how it works: You have an errand you need to run but you don't have time to do it, so you go on TaskRabbit.com, post the task and post the amount you'd be willing to pay for it. Once it's up there, a band of carefully vetted TaskRabbits bid on the task.

Generally, the lowest bidder wins. TaskRabbit gets a cut of the transaction, but the bidder gets that extra bit of cash in his or her pocket.

In this economy, those little tasks can go a long way.
Since its inception in 2008, at the start of the recession, there have been more than 2,000 TaskRabbit "runners." Since then they have expanded to six different cities: New York City, Boston, Los Angeles, the San Francisco Bay Area, Chicago, and Orange County in California.

At the height of the recession, 70 percent of the runners were mostly unemployed or underemployed. By the company's estimates, TaskRabbits have altogether earned $10.5 million in the past three years.
The company makes people undergo a rigorous process to become a TaskRabbit, including a video interview, federal background check, Social Security number trace and, lastly, a test to see if applicants have what it takes.

CEO Leah Busque said, "We have folks who are making this their full-time jobs, almost their second career. We have people that cash out up to almost $5,000 a month, just from doing TaskRabbit tasks."

No one company can rescue America from its economic woes, but TaskRabbit aims to help people take back their lives, be their own boss, help people out, make some money and just feel good again.

"I know how to make them happy, and I like making them happy," TaskRabbit Hohen said. "It's a win-win situation."

Copyright 2011 ABC News Radio

Friday
May062011

Payrolls Add 244,000 Jobs in April; Unemployment Back at 9%

Stockbyte/Thinkstock(WASHINGTON) -- The nation’s employers increased payrolls by 244,000 during the month of April, beating economists’ expectations, a government report showed Friday.

The private sector, which factors out government layoffs and hiring, saw 268,000 workers added to payrolls -- the best monthly jobs growth from the private sector since February 2006.

The nation’s unemployment rate jumped, however, from 8.8 to 9 percent.

"The reason you get that," said economist Hugh Johnson, "is even though you get a very strong increase in the number of jobs, you get a much bigger increase in the labor force," or the number of those who are actively pursuing work.

Copyright 2011 ABC News Radio

Wednesday
Feb162011

Jobless Need Not Apply?

Photo Courtesy - Getty Images(WASHINGTON) - Federal officials have begun a probe into concerns that some employers may be unfairly preventing the unemployed from applying for job openings.

Although there is no specific laws that protect the jobless, the Equal Employment Opportunity Commission has said they will look into whether it is indeed a violation of job discrimination laws.

Concerns were raised after reports surfaced that some companies and recruiting firms had discouraged the unemployed from applying in job advertisements.

Chairman of the EEOC, Jacqueline Berrien, said at a hearing Wednesday that the commission will see what they can do to address the issue.

"We'll take a close look at what we heard and consider if there's anything we might need to do to clarify standards," she said.

The Labor Department says it is unclear how widespread the practice is.

Copyright 2011 ABC News Radio

Friday
Dec032010

Jobs Report Disappointing, Unemployment Up to 9.8%

Photo Courtesy - Getty Images(WASHINGTON) -- The nation's employers increased payrolls by 39,000 in November, significantly worse than the 130,000 increase analysts expected.

Private sector companies added only 50,000 workers, far fewer than the 140,000 predicted.
 
The jobless rate jumped significantly from 9.6 to 9.8 percent.

A net of 7.5 million jobs have been lost since Dec. 2007, the first month of the recession.

“There's no denying that the report is disappointing,” Vice President Biden said from the Roosevelt Room of the White House, “because we were, quite frankly, hoping for even stronger job growth.”

The vice president said that the bottom line is that there has clearly not been enough economic progress.

“There is too much pain out there. There's still millions of people out of work and trying to make do with -- without a paycheck and without the dignity or the respect that goes with a job.”

Copyright 2010 ABC News Radio







ABC News Radio