Category Archives: Unemployment

If Obama Were President

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The mammone -- a jobless man in his 20s, 30s or 40s who lives with mamma -- is an Italian tradition. But under President Obama, labor force participation rates of young men have plunged to Italian levels. [Credit: studenti.it]

The mam­mone — a job­less man in his 20s, 30s or 40s who lives with mam­ma — is an Ital­ian tra­di­tion. Under Pres­i­dent Oba­ma, labor force par­tic­i­pa­tion rates of young Amer­i­can men have plunged to Ital­ian lev­els. [Cred­it: studenti.it]

In Italy, they call him a mam­mone: an unem­ployed man in his 20s, 30s or 40s who still lives with mamma.

The preva­lence of the mam­mone has long been thought to be a pre­dom­i­nant­ly Ital­ian phe­nom­e­non, with deep cul­tur­al roots.  It has grown more pro­nounced with the country’s recent eco­nom­ic dis­tress.  Since 2008, a grow­ing per­cent­age of Ital­ian men aged 25–54 have aban­doned the labor force, no longer both­er­ing even to look for work.

Italy’s work­force par­tic­i­pa­tion rate among men of prime work­ing age is by far Europe’s low­est.  But it is not the low­est in the devel­oped world.  Italy now shares that dubi­ous dis­tinc­tion with the U.S.

That wouldn’t hap­pen if Oba­ma were Pres­i­dent. Con­tin­ue read­ing →

How Cutting Jobless Benefits Cut Joblessness

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During his December 2013 Hawaiian vacation, President Obama phoned lawmakers, asking them to extend unemployment benefits. They did not. Which is a good thing, according to a new study published by NBER. [Credit: Fox News]

Dur­ing his Decem­ber 2013 Hawai­ian vaca­tion, Pres­i­dent Oba­ma phoned law­mak­ers, ask­ing them to extend unem­ploy­ment ben­e­fits. They did not. Which is a good thing, accord­ing to a new study pub­lished by NBER. [Cred­it: Fox News]

A lit­tle more than a year ago, the Pres­i­dent was dis­tressed.  It was a few days after Christ­mas 2013, and extend­ed unem­ploy­ment ben­e­fits for 1.3 mil­lion peo­ple were about to expire.  In a typ­i­cal­ly per­func­to­ry lob­by­ing effort, he called two Sen­a­tors to urge them to move a bill to pre­serve the benefits.

To recov­er from his exer­tions, he and his fam­i­ly then “ven­tured to the white-sand beach at Bel­lows Air Force Sta­tion, which is on the wind­ward side of the island of Oahu and fea­tures turquoise water and a stun­ning view of the Moku­lua Islands,” the Wash­ing­ton Post reported.

That tran­quil scene augured the best year for U.S. employ­ment growth since 1999.   Accord­ing to the Labor Depart­ment, the econ­o­my added more than 3.1 mil­lion jobs in 2014.  The topline unem­ploy­ment rate was 5.6% in Decem­ber, down from 6.7% the pri­or Decem­ber and the low­est rate since June 2008.

And here is the sur­pris­ing major rea­son for the resur­gence in employ­ment: Con­gress spurned the President’s entreaties and let extend­ed unem­ploy­ment ben­e­fits expire. Con­tin­ue read­ing →

Have We Bungled Our Way To Success In Iraq?

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A radical Islamist group called ISIS made major advances this week in Iraq. President Obama is reviewing his options. Is the best bet to let Sunni and Shiite radicals fight it out? [Credit: AP]

A rad­i­cal Islamist group called ISIS made major advances this week in Iraq. Pres­i­dent Oba­ma is review­ing his options. Is the best bet to let Sun­ni and Shi­ite rad­i­cals fight it out? [Cred­it: AP]

“We’re leav­ing behind a sov­er­eign, sta­ble and self-reliant Iraq, with a rep­re­sen­ta­tive gov­ern­ment that was elect­ed by its peo­ple.” – Pres­i­dent Oba­ma, Decem­ber 15, 2011

The Pres­i­den­t’s illu­sion that we accom­plished our mis­sion in Iraq evap­o­rat­ed this past week, when Sun­ni mil­i­tants call­ing them­selves the Islam­ic State of Iraq and Syr­ia (ISIS) and fly­ing the black flag of Islamism over­ran Mosul and Tikrit. The embat­tled Iraqi gov­ern­ment still holds Bagh­dad, but its sov­er­eign­ty, sta­bil­i­ty and self-reliance have been exposed for the arti­fice they long have been.

The truth is that things began to unrav­el in Iraq two and a half years ago, when we declared vic­to­ry and with­drew our troops. “This is the start of the Iraqi civ­il war that was so obvi­ous­ly going to break out after we washed our hands of it,” Ken­neth M. Pol­lack of the Brook­ings Insti­tu­tion told the Wash­ing­ton Post.

Yet this lat­est in a series of for­eign pol­i­cy fail­ures may actu­al­ly work to our advan­tage.  Hav­ing Sun­ni and Shi­ite mil­i­tants and the Iran­ian Army cross­ing swords in Iraq may not be the worst thing from the per­spec­tive of US interests.

Con­tin­ue read­ing →

Unemployment Benefits and Harry Reid’s Pain

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Harry Reid has embraced the pain of sequestration in his proposal to extend jobless benefits. But does it address the problem? [Credit: Roll Call]

Har­ry Reid has embraced the pain of seques­tra­tion in his pro­pos­al to extend job­less ben­e­fits. But does it address the prob­lem? [Cred­it: Roll Call]

“I think it’s real­ly unfair that it would be so easy to turn the sequester around and allow us to do some­thing for the long term to take care of this issue. But no, the Repub­li­cans like the pain. They like the pain.”  — Sen­ate Major­i­ty Leader Har­ry Reid, April 24, 2013

Har­ry Reid (D‑NV) has late­ly embraced the pain of sequester. On Thurs­day, Reid advanced a pro­pos­al to off­set the cost of extend­ing “emer­gency” unem­ploy­ment ben­e­fits with auto­mat­ic cuts in med­ical spend­ing for the elder­ly and dis­abled. Con­tin­ue read­ing →

Economic Inequality Not Obama’s Fault

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The "Occupy Wall Street" demonstrations are a distant memory, but the economic disparities they decried still persist. [Credit: ABC News]

The “Occu­py Wall Street” demon­stra­tions are a dis­tant mem­o­ry, but the eco­nom­ic dis­par­i­ties they decried still per­sist. [Cred­it: ABC News]

Pres­i­dent Oba­ma has a new plan to revi­tal­ize the mid­dle class.  It almost cer­tain­ly won’t work, but that almost cer­tain­ly isn’t his fault.  Con­tin­ue read­ing →

America’s Shrinking Workforce

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Unemployment officeAmer­i­ca had a bad week. We once again were remind­ed that ter­ror­ism rep­re­sents a con­tin­u­ing threat, that indi­vid­u­als poi­soned by hate­ful ide­ol­o­gy can inflict great harm. We were also remind­ed that we are capa­ble of respond­ing to these bru­tal acts, as Pres­i­dent Oba­ma said, “Self­less­ly. Com­pas­sion­ate­ly. And unafraid.”

Ter­ror­ism presents a chal­lenge to which we’ve yet to for­mu­late a durable response. We remain vul­ner­a­ble, despite the government’s con­tin­ued efforts to keep us safe.

There is anoth­er prob­lem, less hor­rif­ic in its imme­di­ate effects but no less intractable, that also is get­ting the bet­ter of us: the prob­lem of job­less­ness. Con­tin­ue read­ing →