"It is fiscally irresponsible not to extend unemployment benefits. The long-run cost to the taxpayers will be much higher from disconnecting people from the labor market."
In a wide-ranging speech on the state of the economy, President Obama took sharp aim at income inequality, citing the growing gulf between the rich and the rest of us.
The ruling concerns the 23,500 retired city workers collecting pension benefits.
The New York Times reported serious worry in the U.S. Congress about the Trans Pacific Strategic Economic Partnership Agreement.
The U.S. unemployment rate dropped 0.1 percent from August to September, to 7.2 percent, the BLS said. The partial federal shutdown/lockout sent all of the BLS staff home in the first two weeks of October and delayed release of the results.
The government shutdown may be officially over but its estimated cost of $24 billion to the American taxpayers will continue to rise every day for a long time to come.
Workers, their unions and lawmakers joined hands Oct. 10 outside the Capitol to demand that Republican House Speaker John Boehner allow a vote on legislation to open the government and raise the debt ceiling.
There has been precious little discussion of what the gridlock means to workers and their families outside the Capitol Beltway.
President Obama has nominated Janet Yellen, Federal Reserve vice chair, to run the Federal Reserve, the most important central bank in the world.
"When all is said and done, the most telling thing that people will remember is that at 12:01 a.m. on Oct. 1, the Republicans shut down the government."