Number of Long-Term Unemployed ‘Unprecedented’ Under Obama

Almost 5 million workers now classified as ‘long-term’ unemployed
Job fair / AP

The economy has seen an “unprecedented” number of long-term unemployed under the Obama administration, according to a liberal think tank, and economists say plans pursued by Democrats in Washington are unlikely to curb the problem.

The Anti-Stimulus

Economists agree: unemployment benefits hurt employment rates
Job fair / AP

Three different economic experts testified before the House Oversight and Government Reform Committee’s Subcommittee on Economic Growth, Job Creation, and Regulatory Affairs on Thursday afternoon during a heated and contentious hearing.

Terms of Endangerment

Obama faces manifold threats, challenges as he begins second presidential term
Photos: AP/Getty

President Barack Obama faces manifold threats and challenges, foreign and domestic, as he begins his second term in office.

Higher Taxes Matter More to Obama Than UI

Job seekers wait in line to see employers at a National Career Fairs' job fair in New York / AP

Without an extension of unemployment insurance as part of a fiscal cliff compromise, more than 2 million Americans, or roughly 43 percent of those receiving unemployment benefits, will lose Emergency Unemployment Compensation (EUC) benefits at the end of the year, according to a report from the Department of Labor.