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Job seekers wait in line to meet with a recruiter during a job and career fair at City College of San Francisco southeast campus on May 30, 2013 in San Francisco, California.  (Photo by Justin Sullivan/Getty Images)

New jobs numbers, same old DC standoff

07/05/13 01:08PM

The Bureau of Labor Statics jobs report, June 2013: unemployment rate unchanged. To be precise, the unemployment rate is hovering at 7.6%, exactly where it has been since March, except for a brief interlude in May when it dipped down to 7.5%. While those numbers represent a significant drop from the 10% unemployment the United States experienced in October 2009, it's still a mere 0.2% lower than the 7.8% jobless rate that President Obama inherited when he first took office in January 2009. Quite the recovery. read more

A barista prepares a drink at a coffee shop in San Francisco, California May 8, 2013. (Photo by Robert Galbraith/Reuters)

A good jobs report, but a new low-wage reality

07/05/13 12:49PM

The June jobs numbers were better than expected, with 195,000 jobs added last month when analysts were expecting a number closer to 155,000. What's more, businesses were hiring more people in previous months than originally anticipated, as my colleague Steve Benen explains. That's all welcome news. read more


#click3 Got a favorite Cosby sweater?

07/03/13 08:45PM

1)      Looking for a great summer read? You might have caught The Da Vinci Code or Twilight: New Moon a few years back, but the removal of just a single letter from a number of bestselling titles could result in a whole new story.  William Faulker’s The Sound and the Fur, anyone? 2)      Comedian Bill Cosby wears the darndest sweaters. But which is best? Vote for your favorite in this tournament of fabrics and styles–and perhaps even win an autographed copy of a Bill Cosby book. read more