If Congress doesn't extend unemployment benefits in the next few weeks, millions of jobless Americans will find themselves without a vital safety net in 2012.
Lawmakers must decide by the end of the year whether or not to once again extend the deadline to file for unemployment benefits, a measure that would cost around $44 billion. If the deadline isn't extended, up to five million people will stop getting checks next year, according to the U.S. Labor Department.
Today on American Morning, Christine Romans discusses the pros and cons of extending the measure with Stephen Moore, senior economics writer for the Wall Street Journal, and Bob Herbert, distinguished senior fellow from Demos.
Young Americans have been hit particularly hard by the recent recession. Many are drowning in student loan debt and struggling to find work in one of the toughest job markets in modern history. But some of the young are starting to make their frustrations heard, with groups heading to Washington today to urge lawmakers to do more to support youth job creation.
Christine Romans speaks with Aaron Smith, co-founder and executive director of Young Invincibles, to talk about why young Americans are struggling – and what they can do to bring their plight to the attention of lawmakers.
The August jobs report released by the Labor Department on Friday painted a bleak picture about racial inequality in the jobs market. Unemployment for African Americans is now at an astounding 16.7%, its highest level since 1984. This is more than double the unemployment figure for whites, which fell slightly last month to 8%.
With President Obama set to lay out his jobs plan in a highly-anticipated speech on Thursday, what does he need to say to restore faith in the African American public about jobs?
Robert Kuttner, co-founder and co-editor of American Prospect, and C. Nicole Mason, executive director of the NYU Women of Color Policy Network, join Christine Romans today to weigh in on black unemployment in America and what can be done right now to help ease the unemployment situation.
A shaky economy and high tuition prices have some wondering if a college education is worth the cost.
CNN's Christine Romans breaks down the numbers this morning on American Morning. The bottom line: Education pays. See the video above.
According to a report issued by the National Urban League at the end of July, the Great Recession and the subsequent recovery has pushed the black unemployment rate back close to levels recorded in the early 1980s, with 16.2% of African Americans unemployed in June.
In light of these staggering statistics, the Congressional Black Caucus (CBC) kicked off a month long, five-city "For the People" job fair/town hall initiative on Monday. CBC Chairman Emanuel Cleaver hopes that the campaign will force Congress and the White House to recognize that at nearly double the national rate, unemployment in black communities has reached crisis level.
On American Morning today, Representative Cleaver and Bill Rodgers, a Rutgers University professor, weigh in on the minority unemployment in the U.S., discussing potential solutions and the disappointment many minorities feel toward President Obama about how he has approached the problem.