Facebook

Twitter

iTunes

RSS

HEAR THIS HOUR'S UPDATE

Entries in Unemployment (3)

Wednesday
Dec292010

US Army Waiting List Swells to Near Record Levels

Photo Courtesy - Getty Images(WASHINGTON) -- Young Americans looking to join the armed forces may have to wait to serve.

The combination of lower recruitment target numbers, a weak economy and the implementation of the GI bill has made waiting lists, officially known as the Delayed Entry Pool, longer than they have been in recent years.

The Marine Corps, which has traditionally had a smaller recruiting base, has fulfilled more than 65 percent of its target for fiscal year 2011.  The Army entered the new recruiting year in October having fulfilled 50 percent, or half its targeting goals for next year.

The number is a near record for the Army.  The last time in recent decades the waiting list was so long was in 1996, when the Delayed Entry Pool was at 42.9 percent at the start of the fiscal year.

A number of factors are behind the surging numbers.  The military has cut back recruitment goals across the board.  The Army target, for example, for the fiscal year 2011 is 67,000, lower than 74,500 in 2010 and well below the average recruitment goal of 80,000 between 2005 and 2008.

The economy also plays a crucial part.  Unemployment remains relatively high at 9.8 percent, the same level as last year, and among 18-to-24-year-olds -- the Pentagon's prime recruiting age -- it's even higher.´╗┐

Copyright 2010 ABC News Radio

Friday
Nov052010

Boehner and Pelosi Trade Jabs on Jobs Report

Photo Courtesy - Getty Images(WASHINGTON) --  The next likely Speaker of the House, John Boehner, reacted to this morning’s Department of Labor jobs report by once again calling for an extension of the Bush-era tax cuts, although the House Republican Leader believes the 151,000 net job gain is “a positive sign.”

“Any job growth is a positive sign, but stagnant and stubbornly high unemployment makes clear why permanently stopping all the looming tax hikes should top Washington’s to-do list this month,” Boehner, R-Ohio, said. “Stopping these tax hikes – and cutting spending to pre-‘stimulus,’ pre-bailout levels – would help eliminate the uncertainty gripping small businesses and show Americans asking ‘where are the jobs?’ that Washington is finally on the job.”

Throughout the campaign, Republicans blasted House Democrats who voted for the stimulus, which the Obama Administration had projected would keep the unemployment rate below eight percent. While the latest jobs report showed a net-gain of 151,000 jobs, the unemployment rate remained unchanged at 9.6 percent.

“Our economy will ultimately recover, but it will do so because of hard work and entrepreneurship, not more of the same Washington spending sprees and job-killing policies the American people have repudiated so loudly and clearly,” Boehner stated.

Reacting to the jobs report, Speaker of the House Nancy Pelosi touted legislation passed by Democrats that she says helped prevent the financial crisis from getting any worse. She also called on Republicans to bring jobs ideas to the table, saying that Democrats will work with Republicans to find common ground on potential solutions to help the stagnant economy.

“With October marking the tenth straight month of private sector job growth, today's news confirms that Democratic actions have helped bring our economy back from the brink and create jobs for the American people,” Pelosi said. “Republicans also must bring their ideas for job creation to the table. And Democrats will strive to find common ground to accomplish our number one priority: putting the American people back to work.”

But with the unemployment rate unchanged at 9.6 percent, Pelosi admitted Congress has not done enough and “must do much more for those struggling in these difficult times and to strengthen America's middle class.”

Earlier this week, President Obama signaled he might be open to a temporary extension of all of the Bush-era tax cuts as long as it ensured that taxes are not increased on the middle class. The president is expected to sit down with Democratic and Republican leaders from the House and Senate on Nov. 18 at the White House to discuss the issue.

“My goal is to make sure that we don't have a huge spike in taxes for middle-class families,” President Obama said. “Not only would that be a terrible burden on families who are already going through tough times, it would be bad for our economy.”

Boehner said he hoped President Obama would make the extension a top priority when he returns next week from his trip to India and South East Asia.

Copyright 2010 ABC News Radio´╗┐

Friday
Oct082010

Employers Cut 95,000 Jobs in September; Unemployment Rate Steady

Photo Courtesy - Getty Images(WASHINGTON) -- The nation’s employers cut 95,000 jobs in September, significantly worse than economists were expecting, according to a government report released Friday.

This marks the fourth straight month the nation has seen headline jobs loss.

The government sector shed 159,000 workers, while private sector companies added 64,000 jobs during September.

The nation’s unemployment rate remained steady at 9.6 percent.

Copyright 2010 ABC News Radio







ABC News Radio