Tom Pauken

The July national unemployment rate remained unchanged at 9.5 percent, according to the Bureau of Labor Statistics. Data from the payroll survey showed total nonfarm employment suffered a net loss of 131,000 largely due to...
The seasonally adjusted unemployment rate in Texas dropped to 8.2 percent in June. Total non-farm employment expanded for the sixth straight time, adding 14,000 jobs for the month. This is reflected in the positive...
At 19.6 percent, the unemployment rate for 16-to-24-year-olds is now the highest it’s ever been since the government began tracking the statistic in 1947. This is a serious setback for all young people entering the workforce...
Texas initial jobless claims for the week ending May 8 rose 2.73 percent from the previous week to reach 18,807. The four-week moving fell to 18,449, or 21 percent lower from levels one year ago.
The Consumer Confidence Index gauges American sentiment regarding the direction of business conditions, employment and personal income. In an article in the New York Times, Floyd Norris explains how recent...
Jobs in the U.S. private sector increased by 32,000 from March to April according to the ADP National Employment Report. After a revision to last month’s report, this marks the third consecutive month of positive growth in...
Texas initial jobless claims for the week ending April 24 fell to 18,072 from 18,609 the previous week. The four-week moving average for initial claims – a steadier measure of unemployment claim activity – declined to 18,537...
As Chairman of the Texas Workforce Commission, I have grave concerns about the true impact of the Obama Administration’s stimulus program on job opportunities for unemployed Americans.
Texas initial jobless claims for the week ending April 3 fell to 16,529 from 19,894 the previous week. The four-week moving average for initial claims – a steadier measure of unemployment claim activity – decreased to 17,...
In recent years, the amount of loans backed by the Federal Housing Administration (FHA) has increased dramatically and now accounts for over a quarter of all home mortgage loans in the United States – a conscious policy...
Texas initial jobless claims for the week ending July 24 fell 9.5 percent to reach 17,894, the lowest level since the first week of June.
Texas initial jobless claims for the week ending July 3 fell 3.2 percent to reach 18,758. Continued claims (those receiving benefits for two weeks or more) increased by 5,000 to reach 214,834. That is 28.1 percent lower than...
Texas initial jobless claims for the week ending May 22 rose 3.46 percent to reach 18,773. The four-week moving average now stands at 18,508.Continued claims (those receiving benefits for two weeks or more) rose by 6,051 to...
Greece is bankrupt.European Union nations are leading a bailout of that government in an attempt to prevent other financially troubled EU members such as Spain and Portugal from collapsing as well, which could bring down the...
Texas initial jobless claims for the week ending May 1 rose slightly to 18,307, or 1.3 percent higher than the previous week. The four-week moving average also rose to 18,981.Continued claims (those receiving benefits for...
The Federal Reserve’s current policy of near-zero interest rates has given banks a golden opportunity to recapitalize while still maintaining low lending rates to the private sector. Because the federal funds rate has been...
Despite recent gains in GDP and a 77-percent rise in the stock market, the prospect of a full economic resurgence remains tarnished by the fact that 44.1 percent of the 15 million unemployed Americans has been without a job...
Texas initial jobless claims for the week ending April 10 rose to 20,936 from 16,529 the previous week. The hike of 4,407 was the largest week-to-week increase since the Jan. 9 holiday rebound of 30,000 initial claims....
Texas initial jobless claims for the week ending March 27 rose to 19,894 from 16,180 the previous week. The four-week moving average also rose to 18,193.
With five straight quarters of year-to-year losses, plummeting tax revenues have steered many U.S. states toward desperate measures to fill budgetary holes.

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