The Ottumwa Courier

AP National

March 7, 2014

A look at US job market on eve of February data

(Continued)

The plight of many of these people has worsened. That's because unemployment benefits were cut off late last year for 1.4 million who have been out of work for six months or more. That's when an emergency federal program for the long-term unemployed expired. The National Employment Law Project estimates that an additional 600,000 long-term unemployed workers would still be receiving benefits if Congress had renewed the emergency program.

Searching for a job was one of the conditions for receiving benefits. Many economists think some portion of these people likely stopped looking for a job last month.

Most economists say the loss of those benefits could slow economic growth if many people who lost benefits haven't found a job. Without unemployment checks, those 1.4 million people have less money to spend on groceries, housing and transportation. And 70 percent of all economic activity flows from consumer spending.

— EMPLOYER DEMAND

The monthly jobs report is widely followed. But many economists pay close attention to a more obscure indicator: job openings online. The private Conference Board said this week that advertised openings in February rose 268,100 to 5.19 million. This increase matters because it points to pent-up demand for workers, even if recent government data suggests otherwise.

"That speaks volumes that it's not all dire straits out there," said Jennifer Lee, senior economist at BMO Capital Markets. "That alone gives me hope that we will see stronger numbers in the next few months, if not in February itself."

Text Only
AP National
  • Analysis: Clinton impeachment shadows GOP lawsuit WASHINGTON (AP) — The last time Republicans unleashed impeachment proceedings against a Democratic president, they lost five House seats in an election they seemed primed to win handily. Memories of Bill Clinton and the campaign of 1998 may help expl

    July 28, 2014

  • After six weeks, finally a deal on VA health care WASHINGTON (AP) — A bipartisan deal to improve veterans health care would authorize at least $15 billion in emergency spending to fix a veterans health program scandalized by long patient wait times and falsified records covering up delays. Congressi

    July 28, 2014

  • US: Russia has fired rockets into Ukraine WASHINGTON (AP) — Stepping up pressure on Moscow, the U.S. on Sunday released satellite images it says show that rockets have been fired from Russia into neighboring eastern Ukraine and that heavy artillery for separatists has crossed the border. The

    July 28, 2014

  • Trial opening over video of Oklahoma City bombing OKLAHOMA CITY (AP) — A Salt Lake City attorney is arguing in a lawsuit that the FBI has video of the Oklahoma City bombing that shows a second person was involved. The case is at the heart of Jesse Trentadue's quest to explain his brother's mysteriou

    July 28, 2014

  • Aid Group: Two Americans have Ebola in Liberia BOONE, N.C. (AP) — Two American aid workers have tested positive for the Ebola virus while working to combat an outbreak of the deadly disease at a hospital in Liberia, a relief group official said. Ken Isaacs, a vice president of Samaritan's Purse,

    July 28, 2014

  • Air travel a leap of faith for passengers WASHINGTON (AP) — Airline travel requires passengers to make a leap of faith, entrusting their lives to pilots, airlines, air traffic controllers and others who regulate air travel. Even after a week of multiple tragedies in worldwide aviation, "Ther

    July 25, 2014

  • Pot may be legal, but homeowner agreements can ban DENVER (AP) — Pot may be legal in some states — but the neighbors don't have to like it. Marijuana and hemp have joined wacky paint colors and unsightly fences as common neighborhood disputes facing homeowners' associations. Though a few HOAs have wi

    July 25, 2014

  • Central American leaders convening at White House WASHINGTON (AP) — President Barack Obama will urge Central American leaders to help slow the influx of unaccompanied children fleeing their countries for the United States, even as Congress remains deeply divided over proposals to stem the crisis at

    July 25, 2014

  • Little sunlight as Obama raises super PAC dollars WASHINGTON (AP) — For years President Barack Obama railed against the surge of unlimited spending flowing into American political campaigns, arguing that average voters were being shut out of a secretive system that lets special interests bankroll el

    July 25, 2014

  • Prosecutor: Man faces charges in hospital shooting DARBY, Pa. (AP) — A man who authorities say fatally shot a caseworker at a hospital complex near Philadelphia and was then shot by his psychiatrist remains listed in critical condition. District Attorney Jack Whelan said Richard Plotts would be arrai

    July 25, 2014

Obituaries
Record
Facebook
AP National