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Keyword: employment

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  • Dow Chemical CEO: 'This Is Probably the Most Pro-Business Administration Since the Founding Fathers'

    02/23/2017 4:45:32 PM PST · by ForYourChildren · 26 replies
    CNS News ^ | 02/23/2017 | Melanie Arter
    Dow Chemical CEO Andrew Liveris, one of 24 CEOs of the nation's largest manufacturing companies who met with President Donald Trump at the White House on Thursday, said they were "encouraged by the pro-business policies" of the administration, adding that "this is probably the most pro-business administration since the Founding Fathers." "We in the manufacturing sector…are very encouraged by the pro-business policies of President Trump and his cabinet. Some of us have said that this is probably the most pro-business administration since the Founding Fathers. There is no question that the language of business is occurring here at the White...
  • Dozens fired after skipping work to participate in 'A Day Without Immigrants' protests

    02/20/2017 8:19:23 AM PST · by EveningStar · 50 replies
    CNBC ^ | February 20, 2017 | Sarah Whitten
    As numerous restaurant employees were given leave on Thursday to march in "A Day Without Immigrants" protests, others returned to their posts Friday to discover that they were out of a job. Across the U.S. employers fired hundreds of protesters who skipped work to participate in rallies.
  • Utter Decimation: Men in Labor Force Down to 78 Percent in 2015

    02/09/2017 5:24:04 PM PST · by markomalley · 68 replies
    CNS News ^ | 2/9/17 | Martin Morse Wooster
    As the Trump administration continues to figure out ways to put people back to work, they have to deal with a simple demographic fact: there are tens of millions of American men, in the prime years of their working lives, who have dropped out of the labor force. It’s not that these men are trying, and failing, to get jobs. They’ve simply given up. What is causing this problem and what can be done about it? Nicholas Eberstadt explores this issue in "Men Without Work: The Invisible Crisis." Eberstadt is a long-time fellow at the American Enterprise Institute and one...
  • This Woman’s Minimum Wage Story Shows the Left’s Troubling Mindset

    02/08/2017 8:54:19 PM PST · by Tolerance Sucks Rocks · 46 replies
    The Daily Signal ^ | February 7, 2017 | Katrina Trinko
    JoAnn Wise thinks she wasn’t treated well. In an op-ed published Tuesday by The Washington Post, Wise writes, “I already know what Trump/Puzder economics look like because I’m living it every day. Despite giving everything I had to [labor secretary pick Andy] Puzder’s company for 21 years, I left without a penny of savings, with no health care and no pension.” Wise worked for 21 years at Hardee’s, which is one of the chains Puzder leads as head of CKE. “In 1984, I was hired as a cashier at Hardee’s in Columbia, S.C., making $4.25 an hour. By 2005, 21...
  • Exclusive — Sen. Tom Cotton: Time to Cut Immigration Levels, Shift Focus to Helping American [Trun]

    02/07/2017 10:28:35 AM PST · by SharpRightTurn · 33 replies
    Breitbart ^ | 7 Feb 2017 | Matthew Boyle
    Sen. Tom Cotton (R-AR) is introducing legislation on Tuesday with Sen. David Perdue (R-GA) designed to cut the level of immigration into the United States in half, with the express intent of refocusing the nation’s immigration policy onto helping American workers instead of foreigners first. In an exclusive interview with Breitbart News on Tuesday morning, Cotton explained that the legislation will cut the number of green cards given out every year from about a million a year down to about half a million a year—all designed to help the forgotten American worker who has gotten a “raw deal” thanks to...
  • San Francisco Paper Downplays Minimum Wage Increases Despite Restaurant Closures

    01/29/2017 4:48:54 AM PST · by george76 · 38 replies
    NewsBusters ^ | January 28, 2017 | Tom Blumer
    Bay area restaurant industry employment and even general retail employment have fallen, and are possibly headed towards a steep decline. One has to wonder how obvious things will have to get before the press takes the negative effects of the area's mandated sky-high minimums seriously. ... Upward of 60 restaurants around the Bay Area have closed since the start of September alone, with many citing difficulties like the cost of finding and keeping good employees, rising rents, new requirements for providing health care and sick leave, and doing it all while competing with the slew of new dining options. ......
  • Map: Which counties refused federal requests to turn over immigrants

    01/26/2017 5:58:08 AM PST · by artichokegrower · 21 replies
    San Jose Mercury ^ | January 25, 2017
    The U.S. Immigration and Customs Enforcement released the numbers, by county, of federal detention requests declined from January 2014 through September 2015. Santa Clara County, Calif., had the highest number, 1,856, followed by Los Angeles County, with 1,492.
  • No, Most People Don’t Need to Go to College

    01/22/2017 10:39:07 AM PST · by Kaslin · 56 replies
    American Thinker ^ | January 22, 2017 | Taylor Lewis
    If human nature weren’t as it is, I’d be perfectly content with tearing apart America’s educational system, root and branch, and starting over from scratch. Compulsory schooling? Gone! Federalized K-12 standards? Fini! Stafford Loans? Kaput! But, given the fragility of such deep-seated things, I’m wont to hold back, arguing for cautious reform toward a more prudent position. I guess that makes me a Burkean. Maybe a sucker. Perhaps both. Anyhoo, a recent piece in the periodical National Affairs got me reconsidering why our education system is such a mess, and what it means for America’s future in the age of...
  • How the University of California exploited a visa loophole to move tech jobs to India

    01/07/2017 7:35:58 AM PST · by george76 · 15 replies
    LA Times ^ | 1-6-2017 | Michael Hiltzik
    Using a visa loophole to fire well-paid U.S. information technology workers and replace them with low-paid immigrants from India is despicable enough when it’s done by profit-making companies such as Southern California Edison and Walt Disney Co. But the latest employer to try this stunt sets a new mark in what might be termed “job laundering.” It’s the University of California. Experts in the abuse of so-called H-1B visas say UC is the first public university to send the jobs of American IT staff offshore. That’s not a distinction UC should wear proudly. UC is training software engineers at the...
  • A Stronger Economy Will Also Destroy Jobs, but It’s Necessary - Better jobs come...

    01/04/2017 3:50:48 AM PST · by expat_panama · 3 replies
    Reason ^ | January 2, 2017 | Steve Chapman
    South Africa, people who speak Afrikaans use the word "robot" to mean the same thing it means in English. But it is also the word for "traffic light." Why? Before automated signals, motorists on busy streets were directed by police officers standing on platforms. Those cops were automated out of a job. This bit of trivia comes from the dazzling new book Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World, by University of Illinois at Chicago economist and historian Deirdre McCloskey. She points out that automation and robots are nothing new, that they are crucial to raising...
  • Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time

    01/03/2017 12:43:40 PM PST · by InvisibleChurch · 12 replies
    Zero hedge ^ | 1-3-17
    Just over six years ago, in December of 2010, we wrote "Charting America's Transformation To A Part-Time Worker Society", in which we predicted - and showed - that in light of the underlying changes resulting from the second great depression, whose full impacts remain masked by trillions in monetary stimulus and soon, perhaps fiscal, America is shifting from a traditional work force, one where the majority of new employment is retained on a full-time basis, to a "gig" economy, where workers are severely disenfranchised, and enjoy far less employment leverage, job stability and perks than their pre-crash peers. It also...
  • Finland to pay unemployed basic income of $587 per month

    01/02/2017 10:56:17 AM PST · by Olog-hai · 83 replies
    Associated Press ^ | Jan 2, 2017 1:49 PM EST | Jari Tanner
    Finland has become the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to €560 ($587), in a unique social experiment which is hoped to cut government red tape, reduce poverty and boost employment. Olli Kangas from the Finnish government agency KELA, which is responsible for the country’s social benefits, said Monday that the two-year trial with the 2,000 randomly-picked citizens who receive unemployment benefits kicked off Jan. 1. Those chosen will receive €560 every month, with no reporting requirements on how they spend it. The amount will be deducted from any benefits they already...
  • Federal agencies rush to fill job openings before Trump takes office Jan. 20

    12/31/2016 11:36:44 PM PST · by Windflier · 74 replies
    Washington Post ^ | 31 December 2016 | Lisa Rein and Juliet Eilperin
    Several federal agencies are accelerating hiring in the final days of the Obama administration to ensure that as many new employees as possible are in place before President-elect Donald Trump imposes a promised hiring freeze. Leaders at these agencies are filling open positions with transfers and outside hires and are making internal promotions before Trump takes office Jan. 20, according to internal documents and interviews. The hiring could increase tensions between the Trump transition team and the Obama administration — a relationship that has grown worse in recent days due to disagreements over how the United States should handle its...
  • Republicans to target unions, expand school choice in states

    12/24/2016 1:47:50 PM PST · by ColdOne · 24 replies
    ap.org ^ | 12/24/16 | ap
    JEFFERSON CITY, Mo. (AP) -- Republicans are poised to use their newly attained capitol dominance to make Missouri the 27th right-to-work state prohibiting mandatory union fees. That is unless Kentucky's recently crowned GOP majorities can beat them to it. The race to expand right-to-work laws is just one of several ways that Republicans, who strengthened their grip on power in the November elections, are preparing to reshape state laws affecting workplaces, classrooms, courtrooms and more during 2017.
  • Trump’s First 100 Days: What Black Americans Should Hope For

    12/21/2016 6:05:43 PM PST · by Kaslin · 24 replies
    Townhall.com ^ | December 21, 2016 | Harry R. Jackson, Jr
    In late October of this year, then candidate Trump gave a speech in Gettysburg, Pennsylvania, in which he outlined his plan for his first 100 days in office. It included three major areas of focus: cleaning up corruption in Washington, job creation and what many called a “law and order” agenda. The speech was reported on and then largely forgotten. So what should black Americans be looking for in the first 100 days of a Trump presidency? I believe we should press for three major priorities, which are very compatible with what Trump has already put forth: a growing economy...
  • Google age-discrimination lawsuit could grow

    12/13/2016 7:59:41 PM PST · by Freedom of Speech Wins · 20 replies
    Fox News ^ | 6-30-16 | James Rogers
    An age-discrimination lawsuit filed by two people who interviewed unsuccessfully for jobs at Google could expand to encompass other individuals if a motion filed this week is successful.http://www.foxnews.com/tech/2016/06/30/google-age-discrimination-lawsuit-could-grow.html
  • Stunning Economic Winning – IBM Announces Intent To Hire 25,000 U.S. Workers…

    12/13/2016 4:00:56 PM PST · by bobsunshine · 34 replies
    The Conservative Treehouse ^ | December 13, 2016 | Sundance
    ...(Via Bloomberg) IBM Chief Executive Officer Ginni Rometty said she plans to hire about 25,000 people in the U.S. and invest $1 billion over the next four years, laying out her vision for filling technology jobs in America on the eve of a meeting of industry leaders with President-elect Donald Trump. Rometty, who is on Trump’s advisory panel of business leaders, will join Facebook Inc.’s Sheryl Sandberg, Amazon.com Inc.’s Jeff Bezos and Alphabet Inc.’s Larry Page and Eric Schmidt at a summit with Trump Wednesday in New York that is said to focus on jobs.
  • Philippines outsourcing firms hit by Trump and 'Trump East'

    12/08/2016 5:19:17 PM PST · by 2ndDivisionVet · 5 replies
    Reuters ^ | December 8, 2016 | Neil Jerome Morales and Karen Lema
    When Philippines President Rodrigo Duterte, the man dubbed "Trump of the East", told U.S. businesses to pack their bags if they didn't like his anti-American rhetoric, the huge and growing outsourcing industry got a little nervous. It's now the real Donald Trump who has businesses worried here, after the U.S. president-elect vowed to bring offshored jobs home from places such as the Philippines, a big provider of back-office services for corporate America. The Southeast Asian country accounts for 12.6 percent of the global market for business-process outsourcing (BPO), which has been growing 10 percent a year for the past decade,...
  • Obama NLRB Wiped Out 4,500 Years of Legal Precedent

    12/07/2016 6:59:35 PM PST · by ColdOne · 24 replies
    freebeacon.com ^ | 12/6/16 | Bill McMorris
    President Barack Obama’s top labor arbiters have overturned a cumulative 4,500 years of legal precedent over the past eight years, according to a new study. The National Labor Relations Board, an agency that oversees union elections and workplace disputes, has issued numerous new rules that changed longstanding agency practices, as well as issued decisions that overturned decades of precedent. In all, the board has overturned 91 precedents, wiping out more than 4,000 years of case law—averaging more than 45 years per decision; the agency’s new election rules overturned a combined 454 years of protocol, according to a study from three...
  • Speaker Ryan Retreats on H-2B Visa Outsourcing Program

    12/07/2016 12:31:19 PM PST · by conservativepoet · 108 replies
    Breitbart ^ | 12/7/2016 | Neil Munro
    GOP leaders, including House Speaker Paul Ryan, have quietly ended an unpopular 2015 program to annually outsource another 198,000 blue-collar jobs to lower-paid foreign workers.
  • Ford Open to Deals With Trump to Keep Jobs in U.S., CEO Says

    12/02/2016 7:24:31 PM PST · by LesbianThespianGymnasticMidget · 81 replies
    bloomberg ^ | December 2, 2016 | Keith Naughton
    <p>Ford Motor Co. is willing to work with Donald Trump to keep jobs in the U.S. if he puts the right policies in place, the automaker’s chief executive officer said.</p> <p>“We will be very clear in the things we’d like to see,” Mark Fields said in an exclusive interview at Bloomberg offices in Southfield, Michigan. “We’ll continue to advocate for currency-manipulation rules to promote free and fair trade. One of our priorities is making sure fuel-economy standards reflect market realities, tax reform in general we would be very supportive of, and the safe deployment of autonomous vehicles.”</p>
  • Just One Thing Matters In Friday's Jobs Report

    12/02/2016 3:05:01 AM PST · by expat_panama · 23 replies
    Investors Business Daily ^ | 12/2/2016 2:23 PM ET | JED GRAHAM
    The U.S. economy likely added 175,000 jobs last month as the unemployment rate held steady at 4.9%, Wall Street economists are estimating ahead of Friday's employment report out at 8:30 a.m. ET. The economy has a bit of momentum, the Federal Reserve is set to hike rates in two weeks and nothing in Friday's jobs report can possibly change that. The real issue for markets is all about expectations. Investors are beginning to assess what the Trump fiscal package of tax cuts and infrastructure spending means for growth as well as inflation... ...in every single jobs report from here on...
  • Donald Trump is already helping the working class

    11/30/2016 12:12:30 PM PST · by monkapotamus · 18 replies
    New York Post ^ | November 30, 2016 | Jonathon M. Trugman
    It’s not uncommon for a Republican to be pro-business. But President-elect Donald Trump showed Tuesday night he’s pro-worker, too, by saving 1,000 jobs at the Carrier plant in Indiana. His standing up for the blue-collar workers who helped get him elected is no small feat, even for the very accomplished billionaire, who has a long record of delivering under budget and on time. Sure, it’s unusual for a president-elect to interject himself in the economic mechanizations of a specific company — let alone the economy writ large — but everything about Trump being the next president is unusual... The brutally...
  • 'Pissed off' dad of Jamiel Shaw Jr. explains how liberal immigration policies hurt black Americans

    11/27/2016 1:01:38 PM PST · by 198ml · 20 replies
    Conservative Review ^ | 11/27/16 | Carly Hoilman
    Jamiel Shaw Sr. has been fighting the lonely battle against illegal immigration since 2008, when his 17-year-old son, Jamiel Shaw Jr., was gunned down in broad daylight by illegal alien gang members in the sanctuary city of Los Angeles. It was determined at trial that Jamiel Jr., who had no criminal record or ever any history with gangs, was targeted and killed due to the color of his skin. The elder Shaw helped create Jamiel’s Law, a proposed ordinance to deport known illegal alien gang members, and has testified before Congress multiple times on the matter. But after years of...
  • From Twitter Feed - Trump working on Keeping Carrier in USA

    11/24/2016 8:25:49 AM PST · by bobsunshine · 4 replies
    Twitter | November 24, 2016 | Self
    From realDonaldTrump Twitter feed: "I am working hard, even on Thanksgiving, trying to get Carrier A.C. Company to stay in the U.S. (Indiana). MAKING PROGRESS - Will know soon!"
  • Think Twice about Going West, Young Man

    11/13/2016 4:43:45 AM PST · by Kaslin · 9 replies
    American Thinker ^ | November 13, 2016 | Doug Thorburn
    I’m an Enrolled Agent tax pro based in California with clients all over the country. Recently, the son of a client who had moved to a more free state than ours asked whether I thought he should move back here to start a business. I suggested not. Why? While California suffers from the highest income tax rate in the country and mountains of regulations that cause everything from housing costs to the price of power to be among the highest, the most destructive regulation of all is arguably an up-and-coming one. It mandates annual increases to the minimum prices of...
  • Since 2014 The US Has Added 547,000 Waiters And Bartenders And Lost 36,000 Manufacturing Workers

    11/04/2016 8:47:49 AM PDT · by Leaning Right · 26 replies
    Zero Hedge ^ | Nov 4, 2016 | Tyler Durden
    As another month passes, the great schism inside the American labor force get wider. We are referring to the unprecedented divergence between the total number of high-paying manufacturing jobs, and minimum-wage food service and drinking places jobs, also known as waiters and bartenders. In October, according to the BLS, while the number of people employed by "food services and drinking places" rose by another 10,000, the US workforce lost another 9,000 manufacturing workers.
  • Houston Oil and Gas: Cuts and Rehires Indefinitely Frozen

    10/26/2016 12:34:12 PM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 26-10-2016 | Mexicans are stealing our jobs
    Despite indications that the Houston hemorrhage of oil and gas jobs has slowed down, the two-year old wave of advances in drilling and extraction technologies—pioneered by now-jobless engineers—will prevent rehiring from commencing any time soon. Last week—and for the first time in over a year—oilfield services company Halliburton reported a quarterly profit. The profit was small in size, but refreshingly hopeful for Houston’s long-ailing oil and gas job market. Months of job cuts and asset sales later, the company announced a slim $6 million profit and a stable global workforce at 50,000 employees. A full ten percent of the 3,500...
  • Twenty One States Move to Stop New Obama Attempt End Run Around Congress

    10/08/2016 4:19:59 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | October 8, 2016 | Ken Blackwell
    resident Barack Obama is doing anything but closing out his lame duck term quietly. On the contrary he’s doing yet another end run around both the U.S. Congress and all 50 states that would impose another mandate that will cost money and jobs, possibly forcing states to raise taxes as well. Twenty-one states have filed a federal lawsuit in U.S. District Court in Sherman, Texas, to stop him. Hours after the states filed their lawsuit, the U.S. Chamber of Commerce and other business groups filed a similar lawsuit with the same federal court. Obama’s new mandate would force employers in...
  • The 'Quiet Catastrophe' Of Men Choosing To Not Seek Work

    10/06/2016 4:00:53 AM PDT · by expat_panama · 294 replies
    Investors Business Daily ^ | 10/06/2016 | GEORGE F. WILL
    The "quiet catastrophe" is particularly dismaying because it is so quiet, without social turmoil or even debate. It is this: After 88 consecutive months of the economic expansion that began in June 2009, a smaller percentage of American males in the prime working years (ages 25 to 54) are working than were working near the end of the Great Depression in 1940, when the unemployment rate was above 14%. If the labor force participation rate were as high today as it was as recently as 2000, nearly 10 million more Americans would have jobs. The work rate for adult men...
  • Labor: Austin restaurant owners not paying workers wages legally owed (left wing Austin, TX)

    10/05/2016 5:51:38 AM PDT · by simpson96 · 10 replies
    KVUE.com ^ | 10/4/2016 | Erin Jones and KVUE Staff
    AUSTIN - The U.S. Department of Labor’s Wage and Hour Division says it found numerous violations in Austin’s restaurant industry, in that owners violated federal labor law by not paying workers the wages they were legally owed. The Labor Department said the division found violations in 95 percent of its investigations of Austin-area restaurants between Oct. 1, 2015 and June 30, 2016. The percentage of violations found was down from 98 percent in fiscal year 2015. “The current level of noncompliance found in these investigations is not acceptable,” said Dr. David Weil, administrator of the Wage and Hour Division in...
  • This is Why the Job Market Stinks, but No One is Talking about it

    09/23/2016 10:27:52 AM PDT · by Lorianne · 29 replies
    Wolf Street ^ | 21 September 2016 | James Murray
    Anyone who pays any attention knows that something unusual is happening to employment. Good full time jobs are disappearing, being replaced by lower paying and part time jobs. Experts and especially politicians have explanations and excuses: Offshoring to lower labor countries, excessive rules and regulations, illegal aliens, lack of education in the workforce…. The list goes on and on. What I rarely hear: automation. When most people hear “automation,” they think “robots.” Most robots are dedicated and expensive and don’t replace that many people. “Automation” or computer control is what gets the majority of the jobs, and it is not...
  • Tent Cities Full Of Homeless People Are Booming In Cities All Over America As Poverty Spikes

    09/12/2016 11:05:04 AM PDT · by aMorePerfectUnion · 56 replies
    Just like during the last economic crisis, homeless encampments are popping up all over the nation as poverty grows at a very alarming rate. According to the Department of Housing and Urban Development, more than half a million people are homeless in America right now, but that figure is increasing by the day. And it isn’t just adults that we are talking about. It has been reported that that the number of homeless children in this country has risen by 60 percent since the last recession, and Poverty USA says that a total of 1.6 million children slept either in...
  • Labor Department Revises Away 150,000 Jobs

    09/08/2016 4:41:24 PM PDT · by GilGil · 13 replies
    ZeroHedge ^ | 9/8/2016 | Tyler Durden
    "We felt a great disturbance in the [Obama recovery] farce, as if 150,000 'everything is awesome' job-gainers' voices cried out in terror, and were suddenly silenced. We fear something terrible has happened." With the swipe of The Labor Department's pen, 150,000 newly created jobs were 'revised' out of existence yesterday.
  • Obamacare Shrinks Economy through Medicaid Expansion and Tax Credit Cliffs

    09/07/2016 10:19:09 PM PDT · by Olog-hai · 7 replies
    Competitive Enterprise Institute ^ | September 6, 2016 | Hans Bader
    Obamacare’s expansion of Medicaid reduced employment in those states that participated in it by a statistically significant extent, according to a recent study by Georgetown University’s Tomas Wind:“I find a significant negative relationship between Medicaid expansion and labor force participation, in which expanding Medicaid is associated with 1.5 to 3 percentage point drop in labor force participation.”As Wind notes, Obamacare’s Medicaid expansion provided an unusually good test case for the effects of a government program, since it went into effect in some states but not others during the covered period. […] Ironically, despite its enormous cost of billions of dollars...
  • (CNN Money) Problem: Most Americans don't believe the unemployment rate is 5%

    09/06/2016 10:01:08 PM PDT · by tcrlaf · 65 replies
    CNN Money ^ | 9-6-2016 | Heather Long
    Americans think the economy is in far worse shape than it is. The U.S. unemployment rate is only 4.9%, but 57% of Americans believe it's a lot higher than that, according to a new survey by the John J. Heldrich Center for Workforce Development at Rutgers University. The general public has "extremely little factual knowledge" about the job market and labor force, Rutgers found. It's another example of how experts on Wall Street and in Washington see the economy differently than the regular Joe. Many of the nation's top economic experts say that America is "near full employment." The unemployment...
  • Robert Samuelson: A New Era Of Labor Scarcity?

    09/06/2016 3:31:25 AM PDT · by expat_panama · 13 replies
    Investors Business Daily ^ | 9/04/2016 | ROBERT J. SAMUELSON
    ...Popular attention focuses on Uber and similar internet-based networks that unite buyers and sellers... ...the gig economy is overrated. It's not the main engine of change. It accounts for only about 0.5% of employment... ...In 2015, these unconventional jobs represented 15.8% of the U.S. total. That's almost one in six. What's more, these "alternative work arrangements" are growing rapidly; in 2005, they were only 10.7% of all jobs. Some industries have long relied on subcontracting (construction, trucking) or temporary work (retailing)... ...The "alternative work arrangements" fall into four categories: (1) independent contractors and freelancers... ...(2) on-call workers who have designated...
  • Slower August Job Growth Will Keep The Fed On Hold In September

    09/06/2016 3:25:20 AM PDT · by expat_panama
    Investors Business Daily ^ | 9/02/2016 | JED GRAHAM
    The U.S. economy added 151,000 jobs in August, the Labor Department said, 24,000 less than expected. The jobless rate held steady at 4.9%. The report was viewed as close to Goldilocks — not too hot, not too cold — because it's likely to keep the Federal Reserve on hold when it meets on Sept. 21. Major stock indexes saw moderate gains after the report. The 10-year Treasury yield dipped slightly after the lower-than-expected job gain, but subsequently turned higher. As of midmorning, markets were pricing in about a 25% chance of an interest-rate hike in September, unchanged from the prior...
  • The Fraud Of Full Employment

    09/03/2016 8:42:56 AM PDT · by expat_panama · 24 replies
    Investors Business Daily ^ | 9/02/2016 | Editorial
    Economy: While a less-than-expected 151,000 new jobs were created in August, the unemployment rate remained at 4.9% -- a level that Federal Reserve and Wall Street economists have deemed "full employment." Sorry, it ain't so. Just last Tuesday, Fed Vice Chairman Stanley Fischer made the unequivocal statement that the U.S. job market is "very close to full employment," so several interest-rate hikes to quell nascent inflation would be in order. "I don't think you can say one and done and that's it," Fischer told Bloomberg TV. A few days earlier, Fed Chair Janet Yellen had also said that the strong...
  • US jobs craeted fall to 151,000, Unemployment at 4.9% (Obama), 9.7% (Real)

    09/02/2016 5:40:37 AM PDT · by JLAGRAYFOX · 20 replies
    Market Watch | 09/02/2016 | Jeffry Battash
    Job created in August droped to 151,000, with unemployment (Obama's) at 4.9%. Real unemployment is 9.7%
  • The Idle Army: America’s Unworking Men

    09/02/2016 6:42:15 AM PDT · by pabianice · 28 replies
    WS Journal ^ | 9/2/16 | Eberstadt
    Millions of young males have left the workforce and civic life. Full employment? The U.S. isn’t even close. Labor Day is an appropriate moment to reflect on a quiet catastrophe: the collapse, over two generations, of work for American men. During the past half-century, work rates for U.S. males spiraled relentlessly downward. America is now home to a vast army of jobless men who are no longer even looking for work—roughly seven million of them age 25 to 54, the traditional prime of working life. This is arguably a crisis, but it is hardly ever discussed in the public square....
  • Why Friday's Jobs Report Is The Biggest Of The Year

    09/02/2016 3:37:13 AM PDT · by expat_panama · 22 replies
    Investors Business Daily ^ | September 1, 2016 | JED GRAHAM
    Wall Street economists expect Friday's jobs report to show that the economy added 180,000 jobs in August as the jobless rate dipped to 4.8%. That would be a solid gain, but not likely strong enough to prompt the Federal Reserve to raise interest rates at its September meeting, especially after Thursday's surprisingly weak ISM manufacturing index. Other details also will be key: What happened to the workweek... ...wage growth is likely to surprise on the upside... ...what would it take to prompt the Fed to action later this month, instead of waiting until December for the next hike, as markets...
  • Companies Continue To Hire Faster Than They're Growing

    09/01/2016 5:25:40 AM PDT · by expat_panama · 15 replies
    Investors Business Daily ^ | September 1, 2016 | ED CARSON
    Private-sector jobs rose solidly once again in August, according to a new report. But yet another regional factory gauge indicated slower growth -- or outright contraction. Meanwhile, housing demand remains strong. Companies have been staffing up in recent months, even as economic growth remains sluggish, creating a puzzle for investors and Federal Reserve policymakers. It's unclear how long that disconnect can continue. But Wednesday's data presage bigger news later this week, including Friday's employment report. ADP Employment Report Companies added 177,000 workers in August vs. views for 175,000. July's gains was revised up to 194,000. Goods-producing industries, including manufacturing and...
  • Caution: Men (Not) At Work

    08/30/2016 3:41:45 AM PDT · by expat_panama · 34 replies
    Investors Business Daily ^ | August 29, 2016 | Editorial
    Jobs: While the Fed and government policymakers fret over "full employment," ... ...t we are in the midst of a full-blown unemployment crisis — one that remains, in his words, "hidden." This Friday, a new jobs report will come out. If the Wall Street consensus is correct, it will show the unemployment rate continuing to hover... ...a new book... ...nearly one out of six working-age men have no job and are no longer looking for one. A release for his book calls this "a hidden time bomb with far-reaching economic, social and political consequences." With 10 million fewer male workers...
  • DOJ: Firing Migrant Workers With Expired Employment Forms Is Discrimination

    08/28/2016 10:43:09 AM PDT · by Kaslin · 59 replies
    Townhall.com ^ | August 28, 2016 | Matt Vespa
    Mariana Barillas dug this up at The Washington Examiner. Apparently, it’s discriminatory to fire migrant workers with expired papers. Moreover, Barillas added that the Department of Justice feels that to ask migrant workers for more work authorization forms could constitute a violation of a provision within the Immigration and Nationality Act that says employers cannot give excessive demands: The Justice Department released a video this week encouraging companies not to terminate immigrants after their employment authorization expires, and indicated that doing so is a form of discrimination. […]The video then tells viewers that the federal government has extended employment authorization...
  • Peter Navarro: ‘Hillary Clinton Has Got A Proven Record In Destroying Jobs’

    08/27/2016 3:07:55 PM PDT · by Albion Wilde · 8 replies
    YouTube ^ | Aug 25, 2016 | Peter Navarro
    Trump economic advisor Peter Navarro told Fox Business News’ Sandra Smith on Thursday that millions of jobs have been lost due to Hillary Clinton’s bad trade deals. Peter Navarro is a professor at the Merage School of Business at the University of California-Irvine. With a Masters of Public Administration from the Kennedy School of Government and a Ph.D. in economics from Harvard, this distinguished macroeconomist has written extensively on Asia as well as lived and worked there. He is is the author of Crouching Tiger: What China’s Militarism Means for the World (Prometheus, 11/2015). He has published ten previous books,...
  • The scourge of Indian IT Recruiters

    08/26/2016 6:09:28 PM PDT · by Lazamataz · 169 replies
    8/26/2016 | By Laz A. Mataz
    For about a decade and a half, I have heard horror stories of Indian IT outsourcing. I have not seen the horror stories become realized -- for the most part, the crap you get out of Indian offshore IT is, well, crap. It is not crap because of their skill, in some cases. I have found that while 65% of Indian IT 'professionals' overstate their skill, the remaining 35% can do the job. The issue is the cultural differences. In the case of most Indians, some 90%, they will do EXACTLY as you ask. And that is their downfall. Americans...
  • The Comeback of Middle Wage Jobs

    08/26/2016 3:43:31 AM PDT · by expat_panama · 41 replies
    Real Clear Markets ^ | August 26, 2016 | Robert Samuelson
    One of the economy's bright spots is the job market - and it may be even brighter than it seems. Not only are there more jobs (1.3 million so far in 2016), but they may be better-paying, according to a new analysis by economists at the Federal Reserve Bank of New York. The Fed economists report that middle-wage workers - earning roughly $30,000 to $60,000 - represent the fastest growing segment of the labor market. By contrast, earlier in the recovery, low-wage and high-wage jobs dominated employment increases. The labor market was supposedly becoming economically "polarized," just as society was...
  • Donald J. Trump Remarks on Creating a New and Better Future for America’s Inner Cities

    08/16/2016 8:39:55 PM PDT · by Ray76 · 82 replies
    DonaldJTrump.com ^ | Aug 16, 2016 | Donald J. Trump
    It’s so great to be here tonight. I am honored to also be joined this evening by Governor Scott Walker, Chairman Reince Priebus, and Mayor Rudy Giuliani. We are at a decisive moment in this election. Last week, I laid out my plan to bring jobs back to our country. Yesterday, I laid out my plan to defeat Radical Islamic Terrorism. Tonight, I am going to talk about how to make our communities safe again from crime and lawlessness. Let me begin by thanking the law enforcement officers here in this city, and across this country, for their service and...
  • Here's Why Wages Have Stagnated--and Will Continue to Stagnate

    08/15/2016 11:18:41 AM PDT · by Lorianne · 16 replies
    Of Two Minds ^ | 14 August 2016 | Charles Hugh Smith
    The only way to reverse declines in labor participation and stagnation in wages and demand is to make it easier to start enterprises and hire people. The reason why mainstream economists don't understand these developments is they don't: 1. Consider the systemic impact of energy and EROEI (energy returned on energy invested). 2. Consider the systemic impact of fast-rising private and public debt. 3. Consider the systemic impact of rising inflation resulting from state-cartel capitalism; the only possible output of state-cartel capitalism is a higher cost structure for' the entire economy. 4. Consider that consumption is exhausted because everyone already...