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Keyword: employment

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  • For young Americans, living with their parents is now the norm

    05/24/2016 7:46:47 PM PDT · by detective · 31 replies
    CBS MONEYWATCH copied on Truth Revolt blog ^ | May 24, 2016 | By AIMEE PICCHI
    In Obama's America, a third of all young adults between the ages of 18 and 34 are broke, single, and living with their parents. The Pew Research Center released its new study showing that Millennials are tipping the scales for the first time in modern history. From CBS Money Watch: About 32.1 percent of Americans between 18 to 34 years old lived in their parents' homes in 2014, edging out the 31.6 percent who were married or living with a partner in their own household, the analysis of Census data found. The remaining 36 percent either live alone, are single...
  • Is there going to be any Republican response to Obama's stupid overtime rules?

    05/18/2016 2:48:09 PM PDT · by SoFloFreeper · 39 replies
    5/18/16 | sff
    So I wake up today hearing this HORSE CRAP rule regarding overtime....a move that is SO BEYOND the scope of a federal government it makes me want to scream. I have been largely absent from news today--is there ANY response on this at all?! I know Valerie told her little man to make this effective AFTER the election....but certainly this overreach can be fought in other ways. Any hope at all out there?
  • Obama spending millions to find summer jobs — for refugees

    05/18/2016 6:34:17 AM PDT · by Whenifhow · 14 replies
    theamericanmirror. ^ | May 17 2016 | VICTOR SKINNER
    The Obama administration wants to make sure Utica, New York’s young refugees aren’t without a job, so he’s spending millions to make sure it doesn’t happen. “Access to a job in the summer and beyond can make all the difference to a young person – especially those who don’t have access to many resources and opportunities,” President Obama said of his new Summer Opportunity Project. The project spends a total of $21 million on a variety of programs in 11 communities nationwide with the focus of helping young people find summer work, and permanent part-time jobs, the White House and...
  • Hiring Hurdle: Finding Workers Who Can Pass a Drug Test

    05/17/2016 8:17:47 PM PDT · by Theoria · 62 replies
    The New York Times ^ | 17 May 2016 | Jackie Calmes
    A few years back, the heavy-equipment manufacturer JCB held a job fair in the glass foyer of its sprawling headquarters near here, but when a throng of prospective employees learned the next step would be drug testing, an alarming thing happened: About half of them left. That story still circulates within the business community of this historic port city. But the problem has gotten worse. All over the country, employers say they see a disturbing downside of tighter labor markets as they try to rebuild from the worst recession since the Depression: They are struggling to find workers who can...
  • Small Businesses Have Big Job Openings, But Can’t Fill Them

    05/12/2016 4:21:04 AM PDT · by expat_panama · 77 replies
    Investors Business Daily ^ | 5/10/2016 | ED CARSON
    Small-business owners were more upbeat in April, with job openings matching a cycle high, but finding qualified applicants remains a major problem, according to the National Federation of Independent Business on Tuesday. NFIB’s Small Business Optimism Index rose 1 point last month to 93.6. This ends a three-month slide to a two-year low in March. The gauge remains below historically normal levels. A net 11% of smaller firms plan to add staff, up from March’s 9%,... ...46% of small businesses said they had few or no qualified applications... ,,,24% of NFIB respondents said in April that they planned to increase...
  • There's something wrong with the US labor market

    05/10/2016 1:10:20 PM PDT · by SeekAndFind · 63 replies
    Business Insider ^ | 05/10/2016 | Myles Udland
    Something isn't clicking in the US labor market. On Tuesday, the latest Job Openings and Labor Turnover Survey — or JOLTS — report showed there were 5.757 million jobs available in the US in March, a near record. Additionally, the number of unemployed persons in the US per job open is down to pre-recession levels at about 1.5 workers per job. In 2010, for example, this number was closer to five unemployed workers per job opening. And while the abundance of jobs is often interpreted as a sign of strength in the labor market, there's a persistent and growing gap...
  • President Obama Still Hasn’t Closed The Yawning Jobs Gap

    05/09/2016 5:12:21 AM PDT · by expat_panama · 18 replies
    Investors Business Daily ^ | May 6, 2016 | Editorial
    Employment: April’s job growth was below expectations, which after seven years of missed targets shouldn’t come as a surprise to anyone. But doesn’t slow and steady win the race? The short answer is, no. Any way you look at it, April’s report was mediocre. At 160,000 new jobs, April’s number came in well below expectations — which ranged up to 240,000. The Bureau of Labor Statistics revised its job growth number down by 19,000... ...the number of people employed dropped by 316,000 last month, while 562,000 dropped out of the labor force. As a result, the labor-force participation rate dropped...
  • The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April

    05/08/2016 5:32:39 PM PDT · by SeekAndFind · 27 replies
    TEC ^ | 05/08/2016 | Michael Snyder
    Should we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March? This is definitely a case where the trend is not our friend. According to Challenger, Gray & Christmas, U.S. firms announced 65,141 job cuts during April, which represented a massive 35 percent increase over the previous month. And so far this year overall, job cut announcements are running 24 percent higher than for the exact same period in 2015. Meanwhile, on Thursday we learned that initial claims for unemployment benefits shot up dramatically...
  • This one number foretold Donald Trump’s Rise

    05/05/2016 3:16:39 PM PDT · by LS · 46 replies
    Yahoo Finance ^ | 5/5/2016 | Rick Newman
    Pundits and prognosticators are in a rare mea culpa moment, acknowledging how badly they misjudged Donald Trump as a presidential candidate and apologizing for being so narrow-minded. But they didn’t need to travel to dozens of campaign events or poll hundreds of Iowans to understand Trump’s appeal. All they had to do was understand one single number: $55,191. That was median household income, adjusted for inflation, in June 2015, the month Trump declared he was running for the Republican presidential nomination. That number is neither good nor bad on its own, but when you compare it with a second number,...
  • A Parting Shot to the Company Commissar

    05/06/2016 8:58:54 AM PDT · by Vigilanteman · 62 replies
    Vanity ^ | 6 May 2016 | Me
    So here is the situation. About a year ago, I was convinced I would lose my job due to a confrontation with the company HR manager (a/k/a "The Commissar") over doing something non-PC which he made into a BFD. But today, I am still here and he is retiring next week. We are even having a "We're Glad You are Leaving Party." So there is a card we are all being asked to sign with a short message (preferably 6 words or less). I am trying to keep it classy even though a lot of my co-workers are not. I...
  • Foreign-Born Employment in U.S. Dips Slightly from Record, Still At 25,460,000 (or 1/5 of US Jobs)

    05/06/2016 8:07:25 AM PDT · by xzins · 13 replies
    Breitbart ^ | 6 May 16 | Caroline May
    The number of foreign-born people employed in the United States dipped slightly last month compared to the record high set in March, but remained above 25 million mark, according to data released Friday by the Bureau of Labor Statistics. The BLS reports that 25,460,000 foreign-born people had a job in the U.S. during the month of April, a decrease of 281,000 compared to the month of March when a record 25,741,000 foreign-born people were employed in the U.S. The BLS does not distinguish between legal and illegal immigrants, defining the foreign-born as: Those residing in the United States who were...
  • MyVisaJobs.com Get your H1B Visa here

    04/30/2016 2:57:13 PM PDT · by spintreebob · 14 replies
    MyVisaJobs.com ^ | 4-3--16 | MyVisaJobs.com
    Top 100 H1B Visa Sponsors 2016 Salary is the average salary of all proffered salary on LCA or Form 9035. Sometimes the visa sponsors (employers) does not enter a specific salary, but a salary range. The number of LCA includes renewed, transferred and cap-exempt LCA. Department of Labor(DOL) typically certifies more than 3 times the number of foreign work requests than the number of H-1B visas issued by USCIS.
  • IRS changing policy on employment-related ID theft

    04/26/2016 3:21:25 PM PDT · by jazusamo · 27 replies
    The Hill ^ | April 26, 2016 | Naomi Jagoda
    The Internal Revenue Service will start notifying victims of employment-related identity theft in a shift of policy that comes after criticism from Congress. "We’re still working out the details of the policy change to advise people of possible misuse of their Social Security number, and we will have more details to share in the near future," the IRS said in a statement. During a Senate Finance Committee hearing earlier this month, Sen. Dan Coats (R-Ind.), expressed concerns about the fact that the IRS doesn't inform victims when illegal immigrants use their Social Security numbers to obtain employment and then file...
  • Blind Hiring, While Well Meaning, May Create Unintended Consequences

    04/12/2016 11:44:32 AM PDT · by TigerClaws · 35 replies
    A growing number of companies are experimenting with blind hiring. It's a process that seeks to eliminate bias by hiding a job candidate's identity.
  • Highlights of the Obama Regime

    04/11/2016 9:06:35 AM PDT · by Oldpuppymax · 3 replies
    The Coach's Team ^ | 4/11/16 | John C. Velisek USN (Ret.)
    I was bored the other day. In my boredom I made the choice to watch Obama’s latest televised offering of lies and deceit as sent to us by the supine media. The lies reminded me of the sanguine presentations which invariably accompanied the “5 year plans” of the old Communist regime. That is, everything is sweetness and light; we have “turned the corner” to a better life. But then, numbers don’t lie and no matter what our Messiah-in-chief says, the people on the ground and in the streets know that he is lying. Obama spent the better part of this...
  • How White Castle Will Adjust to a $15 Minimum Wage in New York

    04/11/2016 8:07:57 AM PDT · by SeekAndFind · 161 replies
    National Review ^ | 04/11/2016 | by MARK ANTONIO WRIGHT
    ‘This is something that’s become a bumper sticker,” Jamie Richardson tells me. “But it hasn’t really been thought through. There is a better way to get people out of poverty than hiking the minimum wage.” Richardson is a vice president at White Castle, the chain of famously white-painted and turreted burger joints specializing in slider-style hamburgers in the Midwest and Mid Atlantic. (Let me pause for a moment: If you’ve somehow made it through life without visiting this family-owned American treasure, stop reading this article, make like Harold and Kumar, and get yourself to the Castle . . . I’ll...
  • Guess which states lost retail jobs while hiring overall increased?

    04/09/2016 6:52:21 PM PDT · by Hojczyk · 4 replies
    Hotair ^ | April 9,2016 | Jazz Shaw
    The first one is probably fairly obvious to any of you who follow this site regularly. North Dakota has seen a drastic cut in energy production jobs due to sustained low oil prices and it’s dragging down every other sector with it. But the other two may not be as intuitive. It’s probably no coincidence that Connecticut and Massachusetts, the first two states to approve hikes in their statewide minimum wage to north of $10 an hour, now stand out because of retail-employment contractions. Massachusetts has lost 2,200 retail jobs since employment in the sector peaked last July, seasonally adjusted...
  • Long-Term Unemployed Still Recovering from Recession

    04/06/2016 4:23:08 AM PDT · by expat_panama · 10 replies
    economics21 ^ | 04/04/2016 | Preston Cooper
    Friday’s jobs report from the Bureau of Labor Statistics, at long last, contained some good news. The labor force participation rate, long a laggard of the economic recovery, finally cracked 63 percent. The labor force participation rate, the share of people either working or seeking employment, was 66 percent before the recession, and bottomed out at 62 percent last year. As the labor market gets tighter, wage growth has started to pick up as well. While the unemployment rate did tick up by a tenth of a percentage point, that is likely good news if it means more people have...
  • Millennials are being dot.conned by cult-like tech companies

    04/04/2016 3:24:08 PM PDT · by OddLane · 23 replies
    New York Post ^ | April 3, 2016 | Kyle Smith
    Tech startups love millennials. Tasty, tasty millennials who get underpaid, overworked, churned up and turned into nourishment for venture capitalists. Millennials are the Soylent Green of the tech world. As each batch gets mashed up, there’s a long line of new hires eager to be made into the next meal for the execs and their billionaire backers, as tech survivor Dan Lyons shows in a scathingly funny new book, “Disrupted: My Misadventure in the Start-Up Bubble” (Hachette Books). Lyons became a strange kind of celebrity a decade ago when he began posting nutty but funny insights as “Fake Steve Jobs.”...
  • Cruz Plan: VATs Help Trade but Invite Corruption [aw!m vanity]

    04/04/2016 6:38:51 AM PDT · by Arthur Wildfire! March · 15 replies
    Cruz addresses a major reason for our trade deficit. However ... If something confuses people? It invites corruption. A handy rule of thumb in government. Are VATs confusing? Very. ~~~ Even explaining a VAT* is tough because there are many different kinds. Some alleged VATs aren't even VATs according to many. But I'll break it down into two categories: 1. A good VAT. 2. A bad VAT. ~~~ A Good VAT Senator Cruz proposes 'turning the tables' on Europe and other nations which are sneaking money back to corporations which give them jobs. In the nutshell, a good 'VAT' is...
  • Men in the U.S. Illegally Are More Likely to Work Than Men Born Here, For Less

    03/28/2016 7:21:05 PM PDT · by 2ndDivisionVet · 52 replies
    The Wall Street Journal ^ | March 22, 2016 | Jeffrey Sparshott
    Men in the U.S. illegally are more likely to work than their native-born counterparts, and they’re willing to take jobs pretty much regardless of how much or little they get paid, new research from Harvard University finds. The study fleshes out the behavior of undocumented workers—a group that by its nature can be difficult to analyze. The challenge of studying the roughly 11.3 million illegal immigrants in the U.S. leaves policy makers guessing on the implications for a wide range of proposals—from offering such workers a path to citizenship to kicking them out of the country. To help fill in...
  • Job totals trail pre-recession levels in 10 US states

    03/25/2016 9:22:44 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Mar. 25, 2016 12:18 PM EDT | Christopher S. Rugaber
    Ten U.S. states still have not regained all the jobs they lost in the Great Recession, even after six and a half years of recovery, while many more have seen only modest gains. […] Wyoming had 3 percent fewer jobs last month than it did in December 2007, when the recession began, the Labor Department said Friday. That is the biggest percentage decline among the states. Alabama's job total trails its pre-recession level by 2.7 percent, followed by New Mexico, where job totals are 2.6 percent lower. Some larger states are also still behind. New Jersey has nearly 1 percent...
  • Social Security Administration Beneficiaries Top 60,000,000

    03/19/2016 6:14:19 AM PDT · by george76 · 62 replies
    CNS News ^ | March 18, 2016 | Terence P. Jeffrey
    The number of people receiving benefits from the Social Security Administration topped 60,000,000 for the first time at the beginning of 2016. ... The total number of beneficiaries includes retired workers and their dependents, survivors of deceased workers, and disabled workers and their dependents. ... In February, there were 151,074,000 people employed in either full or part-time jobs in the United States, according to the Bureau of Labor Statistics ... There were 123,206,000 people employed full-time in February, according to BLS’s seasonally adjusted numbers. That equals approximately 2.05 full-time workers per each beneficiary of the Social Security Administration. ... The...
  • Not ready to retire, but not finding work: The Over 50's in America

    03/12/2016 11:50:43 AM PST · by SeekAndFind · 107 replies
    Washington Post ^ | 03/12/2016 | Rodney Brooks
    A friend recently called to tell me he had been laid off from a company where he worked for more than a decade. He’s 60 years old and not ready to retire, either financially or emotionally. He is, however, prepared for the reality of the situation. He recognizes that he has a tough road ahead. He knows he probably won’t ever earn the salary he had. And even for a much lower-paying job, he’ll be competing with people half his age. Need proof of that? A GAO report in 2012, the most recent available, said unemployed workers 55 and older...
  • Are all employers required to review all employees via E-Verify?

    03/11/2016 1:45:14 PM PST · by stocksthatgoup · 34 replies
    Questions ^ | Current | Vanity
    All employees or just visa carriers. It would seem that all employers should by law be checking their ow is it that so many illegal aliens can get AV job. I welcome a clear answer Thanks!
  • The guessing game behind the monthly jobs report

    03/05/2016 8:34:25 AM PST · by MtnClimber · 10 replies
    New York Post ^ | 4 March, 2016 | John Crudele
    The monthly employment report is always funny - but not in a ha, ha, ha sort of way. It's peculiar/funny. It's stupid/funny. It's "aren’t the 'experts' embarrassed yet about how wrong they usually are"/funny. The Labor Department announced Friday that a healthy 242,000 new jobs were created in February, while the unemployment rate stayed at 4.9 percent. The consensus among the experts had been for a gain of 180,000 to 190,000 new jobs, which means they were more than 30 percent off the mark. I mentioned in my Thursday column that there was a good chance this report would be...
  • Why Hotel Owners Hire Seasonal H1B's-Locals Don't Want to "Ruin" Their Benefits By Working

    02/26/2016 8:40:03 AM PST · by Be Careful · 33 replies
    Friends who own resort hotels dependent on high season occupancy on the West Coast tell me the same story over and over...Locals 'pretend' to apply for a job, so that they can check the 'Job Search' box on their unemployment requirement. They call by phone, hang up and are no shows for interviews. Or, they show up stoned. Or, they only want to work enough hours so that they don't 'ruin' their benefits....they actually say this. This is just the tip of the iceberg of the issue at hand. They 'pretend' to look for work, while the Employment Office 'pretends'...
  • America's Existential Challenge

    02/17/2016 10:46:50 AM PST · by Starman417 · 2 replies
    Flopping Aces ^ | 02-16-16 | James Raider
      The most extensive theft of our cash has been imposed by our own Federal Government. The politically motivated and seemingly endless printing of dollars has reduced the value of our cash. With a rapidly ascending National debt already stepping over the $19 trillion mark, an economy visibly slowing having been in a depression since 2007, real unemployment increasing and unemployment duration at historical highs fundamentally changing the Nation, America is sagging under wage deflation. We can thank reckless self-serving senior bankers, politicians and overstepping government for leading the country down a trail toward destruction. We function in an...
  • West Virginia Will Become the 26th Right-To-Work State

    02/12/2016 6:53:01 PM PST · by jazusamo · 8 replies
    Townhall.com ^ | February 12, 2016 | Matt Vespa
    Democratic Gov. Earl Ray Tomblin has vetoed legislation to make West Virginia the 26th right-to-work state, but was quickly overridden by the Republican legislature. For bills that don't deal with budgetary matters or appropriations, a simple majority is needed to override a veto. The state senate had already done so. And the State House of Delegates was expected to follow suit, given that there are 64 Republican members. The law goes into effect July 1 (via Metro News ): The House of Delegates and state Senate made quick work of Gov. Earl Ray Tomblin's vetoes on the bills that...
  • Don't Show Trump This Chart: All U.S. Job Gains Since Dec. 2007 Have Gone To Foreign-Born Workers

    02/05/2016 8:59:34 AM PST · by SeekAndFind · 20 replies
    Zero Hedge ^ | 02/05/2016 | Tyler Durden
    With the Fed on the verge of a full relent and admission of policy error, the Fed's "data (in)dependent" monetary policy once again takes on secondary relevance as we progress into 2016. However, even with the overall job picture far less important, one aspect of the US jobs market is certain to take on an unprecedented importance. We first laid out what that is last September when we said that "the one chart that matters more than ever, has little to nothing to do with the Fed's monetary policy, but everything to do with the November 2016 presidential elections...
  • President Barack Obama takes victory lap on economy

    02/05/2016 4:06:07 PM PST · by artichokegrower · 64 replies
    President Barack Obama on Friday used a new jobs report to continue his victory lap on the economy - and jab at the Republicans vying for his job. In brief remarks to reporters at the White House, Obama declared the U.S. has "the strongest, most durable economy in the world." He pointed to signs of wage and income growth, job growth, lower oil prices and increasing numbers of Americans with health insurance as evidence of that claim.
  • You Want Socialism? Look at the 10 Percent Jobless Rate in Europe

    02/05/2016 9:46:16 AM PST · by Kaslin · 21 replies
    Townhall.com ^ | February 5, 2016 | Donald Lambro
    The legions of young voters who are flocking to Bernie Sanders' socialist banner is depressing. It is the latest manifestation of the dumbing down of the next generation of voters who really believe in the Vermont senator's dopey remedies for a persistently weak economy that barely grew in the last three months of 2015 by a 0.7 percent. "The U.S. economy slowed to a crawl," The Washington Post declared at the end of last month, "exposing new weaknesses in the nation's long and sluggish recovery." Sanders' ideological solution: get rid of the billionaires, all 536 of them, by taxing their...
  • Burger King Employee Quits, Steals All the Chicken Nugget

    01/26/2016 12:28:41 PM PST · by nickcarraway · 38 replies
    KFOR ^ | JANUARY 26, 2016
    s POSTED 9:43 AM, JANUARY 26, 2016, BY TRIBUNE MEDIA WIRE, UPDATED AT 09:44AM, A Florida man quit his job at Burger King, then he cleared out his locker and a whole lot more. Before leaving, the man scooped up every last chicken nugget in the freezer and took them all home. The man, whose Twitter handle is @Zealot, tweeted a picture of the stolen nuggets. He wrote: "TODAY WAS MY LAST DAY WORKING AT BURGER KING SO I TOOK ALL OF THEIR NUGGETS, F*** IT." The tweet has since gone viral. His friends are now hailing him as "The...
  • DISTURBING fact about government workers shows Trump was right on this point all along…

    01/09/2016 7:23:10 PM PST · by BlackFemaleArmyCaptain · 154 replies
    Allen West ^ | 1/9/2016 | The Analytical Economist
    It's a good thing Trump wants to rebuild our manufacturing base, because it truly has taken a hit. We've turned from a nation of builders to burger flippers. To put in perspective just how bad things have gotten - there were more Americans employed in manufacturing in the months leading up to Pearl Harbor than there are today, despite the fact that the population then was a fraction of what it is today. In that time, there was 1 person employed in manufacturing for every 10.6 people in the overall population compared to 1 person employed in government for every...
  • UN chief alarmed at prospect of rising global unemployment

    01/20/2016 9:29:46 PM PST · by Olog-hai · 11 replies
    Associated Press ^ | Jan 20, 2016 7:20 PM EST | Edith M. Lederer
    Secretary-General Ban Ki-moon's spokesman said Wednesday that projections for rising global unemployment over the next two years are "alarming" and the U.N. chief will keep pushing for job opportunities, especially for youth. The comments from deputy spokesman Farhan Haq were in response to a new report from the U.N. labor agency projecting that the number of unemployed people will increase by nearly 2.3 million in 2016 and 1.1 million in 2017 as a result of the global economic slowdown last year. Haq said Ban has been raising the need for new jobs in discussions with business leaders and others at...
  • How Are Illegals Employed: A Question for my Fellow Freepers

    01/20/2016 6:22:04 PM PST · by Law is not justice but process · 46 replies
    Every time I pass a construction site here in Coastal South Carolina, I wonder how the contractors manage to employ a labor force that consists almost entirely of illegal aliens. The only language spoken at theses sites is Spanish and my experience as a prosecutor tells me that the people employed there are almost all illegal and do not have Social Security Numbers. How are contractors able to employ these workers? Are they all paid under the table? Does no one inspect job sites? Is there some loophole in the law that allows the employers to avoid record-keeping and tax...
  • How to Deal With a Long Hiring Process: Getting a job takes longer than ever

    01/20/2016 7:11:30 AM PST · by SeekAndFind · 28 replies
    Wall Street Journal ^ | 01/20/2016 | By SUE SHELLENBARGER
    Getting a job takes longer than ever, as employers ask more of candidates. It has never been easy to land a job, but a rise in hiring has added a new twist: Employers are taking nearly twice as long to hire people as they did several years ago. Companies need an average of 23 days to screen and hire new employees, up from 13 days in 2010, says Andrew Chamberlain, chief economist at the jobs and recruiting site Glassdoor, based on a study of nearly 350,000 interview reviews by the site's users. Applicants run a gantlet of multiple interviews not...
  • Why The Bullish Jobs Data Can't Be Believed

    01/20/2016 3:13:53 AM PST · by expat_panama · 27 replies
    Investors Business Daily ^ | 01/19/2016 | Editorial
    Employment: We've been hearing for months now about the snapback in payroll jobs that has helped push the unemployment rate down to 5%. A new report, however, suggests that this widely used number isn't believable. The report, "America's Hidden Weakness," from Express Employment Professionals, suggests that a large number of workers who are capable of working but don't have a job have completely given up on looking... What's most worrisome is that this report suggests there's a fundamental problem with the U.S. job market, one we've never faced before. "The labor force participation rate has continued to shrink, even in...
  • Global Risk Off: China Reenters Bear Market, Oil Tumbles Under $30; Global Stocks, US Futures Gutted

    01/15/2016 4:46:55 AM PST · by Zakeet · 6 replies
    Zero Hedge ^ | January 15, 2016
    Bulletin Headline Summary From Bloomberg and RanSquawk Amid the fresh downturn in risk sentiment, there is one standout move to highlight this morning; the USD/CAD ramp through 1.4400 and 1.4500 WTI and Brent are below USD 30/bbl, with analysts noting that the UN are expected to approve the removal of Iranian trade sanctions as soon as Monday Highlights today include US retail sales, PPI final demand, empire manufacturing, industrial production, business inventories and University of Michigan sentiment as well as Fed's Dudley, Williams and Kaplan Treasuries gain as global stocks plunge led by China, crude at 12-year low; 10Y has...
  • Hiring Surged At End Of '15; 292,000 New Jobs In Dec.

    01/11/2016 3:24:25 AM PST · by expat_panama · 37 replies
    Investors Business Daily ^ | 01/08/2016 | JED GRAHAM
    The U.S. added 292,000 jobs in December, the Labor Department said Friday, well ahead of expectations. With October and November payrolls revised up by 50,000, the average monthly gain in the fourth quarter was 284,000. Warm weather and a rebound from weak hiring in August and September helped boost Q4 job gains, but the underlying trend also is solid, economists said. For all of 2015, the U.S. added 2.65 million jobs, down from 2014's 3.12 million but still the second-best since 1999. Robust hiring will keep the focus on when the Federal Reserve will hike interest rates next. That may...
  • Donald Trump, Made in China

    01/11/2016 1:11:27 AM PST · by Cincinatus' Wife · 74 replies
    Slate ^ | January 8, 2016 | Reihan Salam
    ".....[Donald Trump's] detractors will no doubt see his China-bashing as another example of Trumpian buffoonery. Most students of U.S.-China trade will tell you that both countries benefit from the flow of goods and services across the Pacific, and that although China is guilty of imposing nontariff barriers, subsidizing its exporters in violation of global trade rules, and failing to respect the intellectual property rights of U.S. entities, the pros for American investors, workers, and consumers massively outweigh the cons. There is a problem with that view, however....[snip]......Of all the wackadoo ironies of Trump's emergence as tribune of America's white working...
  • With A Straight Face, US Government "Finds" Number Of Retiring 20-24 Year-Olds Has Doubled

    01/06/2016 8:35:36 AM PST · by GilGil · 33 replies
    Zero Hedge ^ | 1/4/2016 | Tyler Durden
    But nothing compares to the latest farce released recently by the Bureau of Labor Statistics, the same guys whom we caught fabricating jobs data back in September 2013. As everyone knows, one of the biggest question marks surrounding the US labor market is the 95 million of Americans not in the labor force, resulting in the lowest labor force participation rate since the mid-1970s... For Americans between the ages of 20 and 24, the share of those sidelined over the past decade because they were in school increased, unsurprisingly, during the decade that included the Great Recession. What's more unusual...
  • "All You Americans Are Fired" (Obama illegally increasing HB2 foreign workers)

    12/31/2015 7:57:10 AM PST · by free_life · 37 replies
    BuzzFeedNews ^ | Dec 1, 2015 | Jessica Garrison
    MOULTRIE, Georgia - "All you black American people, *uck you all ... just go to the office and pick up your check," the supervisor at Hamilton Growers told workers during a mass layoff in June 2009. The following season, according to a lawsuit filed by the Equal Employment Opportunity Commission, about 80 workers, many of them black, were simply told: "All you Americans are fired." Year after year, Hamilton Growers, which has supplied squash, cucumbers, and other produce to Wal-Mart and the Green Giant brand, hired scores of Americans, only to cast off many of them within weeks, according to...
  • Illinois losing 1 resident every 5 minutes to out-migration

    12/24/2015 9:13:53 AM PST · by KeyLargo · 43 replies
    Illinois Policy Institute ^ | Dec 23, 2015 | Michael Lucci
    Illinois losing 1 resident every 5 minutes to out-migration The U.S. Census Bureau report released Dec. 22 is compelling evidence that Illinois needs pro-growth, pro-jobs reforms. The report shows that Illinois recorded its first six-digit loss of residents to other states, with Illinois losing 105,000 more people to other states than it gained from July 2014 to July 2015. The border war losses were so bad that Illinois total population shrank by 22,000 people on the year, the worst ever. Similar to last year 2013-2014 data, Illinois is the only state in the region to have a shrinking population. The...
  • GOP Washington Cartel : New Spending Omnibus Bill to SECRETLY Quadruple H2B Visas in 2016 !

    12/16/2015 10:53:31 AM PST · by Patton@Bastogne · 15 replies
    NumbersUSA Website ^ | 2015-12-16 | Chris Chmielenski
    . GOP Washington Cartel : New Spending Omnibus Bill to SECRETLY increase Quadruple H1B Visas is 2016 ! The House omnibus bill, released last night, includes a provision that would quadruple the number of H-2B visas for low-skilled guest workers. The measure would increase the number of H-2B visa workers allowed in the U.S. in 2016 from 66,000 to around 264,000. The new provision does not increase the current H-2B visa cap of 66,000 but would exclude any worker who has already received an H-2B visa in the last three years. SEC. 565. Section 214(g)(9)(A) of the Immigration and Nationality...
  • These Will Be the Most In-Demand Jobs in 2016

    12/15/2015 2:30:16 PM PST · by SeekAndFind · 10 replies
    Fast Company ^ | 12/15/2015 | BY LYDIA DISHMAN
    Many people may be adding "find a new job" to their list of resolutions in 2016, and the good news is that it's a job-seekers' market. The national unemployment rate dropped to 5% last month, the lowest it's been since 2008. The Bureau of Labor Statistics reported that 271,000 new jobs were created, many of which were in technology, health care, and retail, building on a trend that's been gaining steam this year, as twice as many employers are looking to fill jobs as there are candidates who are applying. To determine which jobs are most in demand heading into...
  • Trump Goes Black

    12/02/2015 8:26:49 AM PST · by GonzoII · 31 replies
    Life Zette ^ | Aaron Stanley
    GOP upstart shocks with outreach to blacks, the real reason for MSM vitriol Donald Trump's outreach effort to black leaders this week was portrayed as a botched and bungled meeting, a circus in which the mouthy billionaire declared that the 100-plus pastors in attendance would be endorsing his bid to grab the GOP presidential nomination, only to have the men of God themselves say, not so fast, Donny T. The cables and the networks and the newspapers mocked the meet-and-greet, even before it happened. And here's why: Trump had shocked again. This non-candidate who has no business running for president...
  • Maybe we should just let computers decide who gets a job

    11/28/2015 7:16:03 PM PST · by Kaslin · 39 replies
    Hot Air.com ^ | November 28, 2015 | JAZZ SHAW
    Should computers decide who gets a job? That’s a question recently asked by Government Executive Magazine which looked at a study of hiring practices and how much hiring recommendations generated by standardized testing differed from managers who “went with their gut” in terms of eventual employee performance and retention. The results were, at least as I read it, a bit muddled.First of all, the test subjects they looked at were all applicants for low skill service jobs. (Such as you’d find for new hires at call centers or data entry firms.) They were all given standardized tests and those results...
  • Oil Jobs Lost: 250.000 And Counting, Texas Likely To See Massive Layoffs Soon

    11/24/2015 7:44:46 AM PST · by bananaman22 · 12 replies
    Oilprice.com ^ | 24-11-2015 | Charles
    Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel. That spells more pain for the energy sector. Many companies have already slashed spending and culled their payrolls, but the total number of job losses continues to climb. According to Graves & Co., an industry consultant, oil and gas companies have laid off more than 250,000 workers around the world, a tally that will rise if oil prices remain in the dumps
  • Most of the U.S. Job Hunting Takes Place Online Now. That's a Problem For Many.

    11/24/2015 5:16:50 AM PST · by SkyPilot · 43 replies
    Government Executive ^ | 23 Nove 15 | By Amy X. Wang
    In the US, the internet has become a job seeker's most important resource. People are researching, finding, and applying to jobs online with relative ease. A Pew Research Center report released Thursday (Nov. 19) shows most American adults who have looked for a job in the last two years turned to online resources more than they used personal and professional connections, employment agencies, ads, or job fairs, the traditional avenues of a career hunt. A third of respondents used social media to either research or look for a job. Relocating job hunting to the internet is an obvious outcome,...