Allowing car companies to go under would be “unmitigated disaster”
Friday, December 5th, 2008House Financial Services Committee Chairman Rep. Barney Frank (D-Mass.) gives reasons why Congress cannot allow the U.S. car companies to fail. (1:05)
Posts Tagged ‘job loss’
Obama understands struggles faced by Ohio working women
Thursday, July 17th, 2008Senator Barack Obama’s (D-Ill.) campaign hosted a conference call to discuss how Ohio’s working women stand to benefit from Obama’s economic plan. According to Isaac Baker of the Obama campaign, the plan will assist around 195,000 mothers across Ohio. (more…)
“Job losses continue to be widespread” acknowledges Bureau of Labor Statistics Deputy Commissioner
Friday, June 6th, 2008Deputy Commissioner of the Bureau of Labor Statistics Phillip L. Rones talks about the overwhelming unemployment statistics the American economy is experiencing. He says that unemployment increased in construction, manufacturing, retail trade, and temporary health services. (1:01)
Construction jobs hit hardest in March
Friday, April 4th, 2008During questioning from Sen. Sam Brownback (R-KS) the commissioner of the Bureau of Labor statistics Kieth Hall says that of the 80,000 jobs lost in March, 51,000 came from the construction industry. (0:32)
80,000 jobs lost in March
Friday, April 4th, 2008Keith Hall, the commissioner of the Bureau of Labor Statistics testified before the Joint Economic Committee on the March employment statistics. He reported that employers across all sectors of the labor market cut payroll by 80,000 in the month of March. This has cause the unemployment rate to rise from 4.8 percent to 5.1 percent in the first quarter. The total decline in the last quarter was 232,000 jobs. In his opening statement Hall said, “I would note that the labor market conditions started to weaken more than a year ago.” He later added that 68,000 of lost jobs are in hosing-related industries.
There were only three members present. Sen. Charles Schumer (D-NY), Sen. Sam Brownback (R-KS), and Rep. Baron Hill (D-IN) who acted as chairman. Schumer only stayed to make an opening statement saying that these numbers should serve “as a wake up call” to the Bush administration. In the questions both Brownback and Hill asked Hall to forecast the next quarter and comment on the policy context of the recent data. Hall repeatedly refused to project data or give an opinion on policy, saying that the numbers should speak for themselves. He refused to define the economy or the labor market as in a recession.