Keyword: jobs

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  • An Idiotic Government with Idiotic Goals

    09/18/2014 7:42:08 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | September 18, 2014 | John Ransom
    For folks who are trying to ignite inflation, this sure isn’t working out very well. It’s been hoped by the country’s central bankers that the massive quantitative easing program along with near-zero interest rates will touch off a wave of inflation that if not exactly the same thing as boom times, will at least give the appearance of a strengthening economy. However, month after month inflation in the goods that the Fed cares about seems muted. Now this month we had the horrid news that official inflation numbers are falling not rising.
  • U.S. initial jobless claims fall by 36,000 to 280,000 last week

    09/18/2014 6:27:18 AM PDT · by SeekAndFind · 19 replies
    Investing ^ | 09/18/2014
    The number of people who filed for unemployment assistance in the U.S. last week fell to the lowest level since mid-July, fuelling optimism over the strength of the labor market, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 13 decreased by 36,000 to a seasonally adjusted 280,000 from the previous week’s revised total of 316,000. Analysts had expected jobless claims to fall by 11,000 to 305,000 last week. Continuing jobless claims in the week ended September 6 fell to 2.429...
  • Military Vets Targeted by Sophisticated Job Scheme

    09/17/2014 4:26:55 PM PDT · by huldah1776 · 3 replies
    NBC Bay Area News Online ^ | Sept 17, 2014 | Vicky Nguyen, Liza Meak, Jeremy Carroll and Felipe Escamilla
    Mark Blum served his country for eight years in the Air Force. When he left the military, he had high hopes the skills he learned as a logistical advisor would help him land a new career in civilian life. Instead, he says, he was taken in by an elaborate online employment scheme that has financially ruined him. Blum posted his profile on LinkedIn, which led to an email from a woman identifying herself as Betty Blake from Blue Line Network. “The very first contact with me was, 'We’re looking to hire ex-military people because of their attention to detail,”' Blum...
  • Obama's Illinois: Food Stamp Growth Exceeds New Jobs

    09/17/2014 3:41:34 PM PDT · by raptor22 · 12 replies
    Investor's Business Daily ^ | September 16, 2014 | IBD EDITORIALS
    Economy In Crisis: A new study by the Illinois Policy Institute shows in the past four years, the number of new food-stamp recipients in the state has outpaced new jobs nearly 2-to-1. Illinois Democratic Gov. Pat Quinn, locked in a tight re-election battle with self-made billionaire Republican Bruce Rauner, has been arguing that Illinois, arguably the bluest of blue states, has turned the fiscal corner and is on its way back. The recovery may be slower than Quinn wants it to be — but, he says, it is real. It is an odd recovery, though, that makes more people dependent...
  • Few Americans Want More Gov't Regulation of Business [Gallup Poll: Republicans Ignoring the Issue]]

    09/16/2014 3:56:57 PM PDT · by SoFloFreeper · 7 replies
    Gallup ^ | 9/15/14 | Frank Newport
    About half say there is too much regulation; 22% say there is too little .....From 2003 through the remainder of the George W. Bush administration, however, these attitudes settled into a pattern in which Americans were more likely to say there was too much rather than too little government regulation of business. After Barack Obama took office in 2009, the percentage saying "too much" regulation rose into the high 40s, including a reading of 50% in 2011, and has remained at these relatively high levels since. Less than a quarter of Americans have perceived in the last two years that...
  • World's first 3-D printed car takes test drive [Eventual Doom of UAW?]

    09/16/2014 6:56:45 AM PDT · by SoFloFreeper · 70 replies
    WYFF-TV ^ | 9/16/14 | Sean Lewis
    In a matter of two days, history was made at Chicago's McCormick Place, as the world's first 3-D printed electric car -- named Strati, Italian for "layers"-- took its first test drive. "Less than 50 parts are in this car," said Jay Rogers from Local Motors.
  • Damn the Soviet Style, One Party American Political System

    09/16/2014 5:44:58 AM PDT · by The_Media_never_lie · 32 replies
    Self | September 16, 2014 | self
    Yesterday I passed through Upstate South Carolina. Spartanburg is a very friendly, smaller city. It is not at all unusual to strike up a conversation with an absolute stranger in this generally congenial environment. While refueling the car, I was approached by a 50ish black gentleman who commented that the United States was becoming Mexico. He said Mexican workers were everywhere and that he was an independent contractor struggling to survive. He said he likes Mexican people and they are hard workers, but they were making it impossible to earn a living. Said he worked hard all his life, and...
  • Don't Believe President Obama's Hype About An Engineer 'Shortage'

    09/15/2014 3:26:55 PM PDT · by SeekAndFind · 80 replies
    Forbes ^ | 09/15/2014 | John Tamny
    [SNIP] All of which brings us to the latest popular lament among pundits, politicians, and even some in the business world: the perceived lack of engineers and/or ‘STEM’ (science, technology, engineering, and mathematics) graduates. President Obama has said “We need more engineers,” so has Hillary Clinton, and then Lockheed Martin executive Stephanie Hill recently stated that “we’ll lose” if we don’t produce at least 1 million more ‘STEM’ grads. About all the handwringing, readers can relax. Indeed, there’s nothing to this story or alleged shortage. Price signals work. They always do, and they do because one of the underlying purposes...
  • The Politics of Giving Your Child a Black Name

    09/15/2014 3:34:00 AM PDT · by 2ndDivisionVet · 132 replies
    Politic365 ^ | December 30, 2011 | Jeneba Ghatt
    Yesterday, New York City Department of Health revealed that the number one name Black parents applied to their baby girls was Madison, a name historically and traditionally given by White parents. By contrast, the number one boy name was Jayden, often considered a typical “Black name.” The juxtaposition of the contrast is striking. It is no hidden secret that many Blacks in America for decades have struggled with the decision of whether to name their children a traditional African or African American name. The decision is based on how much they want to give away the race of their children...
  • Ferguson job fair attracts 5,000

    09/14/2014 9:14:49 AM PDT · by 2ndDivisionVet · 29 replies
    The St. Louis Post-Dispatch ^ | September 14, 2014 | Stephen Deere and Joel Currier
    FERGUSON • In less than half an hour, thousands of people arrived, dressed in jeans and suits, with their résumés in hand. The line to get into a room where dozens of potential employers sat waiting was at least 45 minutes long. A job fair sponsored by the Urban League of Metropolitan St. Louis on Saturday drew about 5,000. The event, held at St. Louis Community College’s Florissant Valley campus, was supposed to end at 2 p.m. But it ran more than an hour long just so everyone who had waited in line could interview. Damon Williams, 38, said frustration...
  • Job, Resource Fair to Be Held in Ferguson Saturday

    09/13/2014 8:13:23 AM PDT · by 2ndDivisionVet · 64 replies
    KMOX-AM ^ | September 12, 2014 | Carol Daniel
    FERGUSON, Mo. (KMOX) - The protests and riots in Ferguson highlighted what many already knew—residents in many North St. Louis county towns are facing unemployment, poverty and lack of educational achievement. Organizers say a job and resource fair on Saturday, Sept. 13 is designed to tackle those issues. “We’re all alarmed by the situation and events that are happening, but I’m hoping that out of that something good can come out of it, and that’s getting people jobs and getting folks back into the educational setting,” says St. Louis Community College-Florissant Valley Interim President Ruby Curry. The Urban League of...
  • The Post Obama Recovery Begins Here

    09/13/2014 5:14:39 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | September 13, 2014 | John Ransom
    If Americans want some cheap fuel for the economy, it would be best to vote GOP this time around because only the GOP has a plan for inexpensive, reliable domestic energy production. Combined with a lifting of restrictions on exportation of unrefined oil, fuel prices could be significantly lower than they are now. And where they are now—lower—has helped the economy greatly in the last month. For years I’ve puzzled over how so many Americans have lost the connection between inexpensive, reliable energy sources and a robust economy. But this month’s retail sales numbers make the connection clear. Retail sales...
  • Germany opens doors to immigrants to fuel economy

    09/12/2014 7:57:10 AM PDT · by Lowell1775 · 5 replies
    The Washington Times ^ | 9-11-2014 | Nele Obermueller
    BERLIN — When Marie Duness-Rose, 39, immigrated to Germany from Bulgaria 10 years ago, she left a lot behind, she says. But now she holds a management degree and runs a thriving bistro serving Balkan food in a popular neighborhood in Berlin. She is one of about 6.2 million non-German citizens in the country and one of about 15 million — or 19 percent of the total population — who are not ethnically German. That percentage is one of the highest proportions of immigrants in any European country, and it is not expected to decrease any time soon. Last month,...
  • Jobless claims jump back above 300K; remain near pre-recession levels

    09/11/2014 3:19:04 PM PDT · by SeekAndFind · 13 replies
    CNBC ^ | 09/11/2014
    The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels. Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 315,000 for the week ended Sept. 6, the highest level since late June, the Labor Department said on Thursday. Claims for the prior week were revised to show 2,000 more applications received than previously reported. Economists polled by Reuters had forecast claims slipping to 300,000 last week. The period included the Labor Day holiday...
  • Obama Demands Minimum Wage While Denying Minimum Education

    09/11/2014 7:16:12 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | September 11, 2014 | John Ransom
    There’s good news folks.Obama finally has an employment policy that works. Apparently, if you cross the border from Mexico illegally, the chances of you finding and keeping a job rise considerably.At least in California. “Immigrants comprise more than one-third of California’s labor force (35%),” writes the California Immigrant Policy Center wrote in a report released in September. “They ?gure prominently in the agriculture, manufacturing, and repair and personal service industries. The undocumented in particular comprise a large share of the labor force in these industries as they represent 9% of the total state’s workforce. The undocumented alone comprise 38% of...
  • U.S. weekly jobless claims rise unexpectedly (Unexpectedly)

    09/11/2014 7:07:37 AM PDT · by Cringing Negativism Network · 24 replies
    Chicago Tribune ^ | September 11, 2014 | Chicago Tribune
    The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels. http://www.chicagotribune.com/business/breaking/chi-us-weekly-jobless-claims-rise-unexpectedly-20140911-story.html?track=rss
  • U.S. jobless claims rise unexpectedly, but still at pre-recession levels

    09/11/2014 5:46:57 AM PDT · by Oldeconomybuyer · 15 replies
    Reuters ^ | September 11, 2014 | By Lucia Mutikani
    The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels. Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 315,000 for the week ended Sept. 6, the highest level since late June, the Labor Department said on Thursday. Claims for the prior week were revised to show 2,000 more applications received than previously reported.
  • America is running out of jobs. It's time for a universal basic income.

    09/09/2014 11:43:55 AM PDT · by DannyTN · 192 replies
    The Week ^ | 09/09/2014 | Ryan Cooper
    The politics of a guaranteed income get a lot easier when you acknowledge that the U.S. is no longer the land of opportunity ... However, there are other trends that may be interacting with and exacerbating this original sin. Automation and globalization had already largely hollowed out America's manufacturing employment base; most jobs created during this "recovery" have been in crappy low-wage work. And when one takes automation to its obvious logical end, it's hard not to conclude that robots will soon be putting just about everyone out of a job. ... As someone with a nice, stimulating job, I...
  • Where's the Payoff in Gambling?

    09/09/2014 7:20:39 AM PDT · by Kaslin · 54 replies
    Townhall.com ^ | September 9, 2014 | Phyllis Schlafly
    For those who promote legalized gambling as a means of economic development or revitalization, or as a painless way to pay for public schools, the recent news from Atlantic City, New Jersey, is sobering. Dominated by its famous boardwalk, the beach resort is familiar to Americans from the popular game of Monopoly, the Miss America pageant and the Democratic Convention that nominated Lyndon B. Johnson for president. Almost 40 years ago, when casino gambling was prohibited by every state except Nevada, New Jersey voters succumbed to a slick campaign that promised to remake the fading resort into Las Vegas East....
  • BLS: Unemployed More Likely to Go Shopping on Average Day Than Look for Job

    09/08/2014 7:20:22 PM PDT · by 2ndDivisionVet · 18 replies
    CNS News ^ | September 8, 2014 | Ali Meyer
    On the average day, an unemployed American is more likely to be shopping—for things other than groceries and gas---than to be looking for a new job, according to data from the Bureau of Labor Statistics. Only 18.9 percent of Americans who were unemployed (in surveys conducted from 2009 through 2013) spent time in job search and interviewing activities on an average day, according to BLS. Yet 40.8 percent of the unemployed did some kind of shopping on the average day--either in a store, by telephone, or on the Internet. 22.5 percent of the unemployed, according to BLS, were shopping for...
  • Mexico Is the New Detroit; Forbes Credits NAFTA

    09/08/2014 7:04:50 PM PDT · by logi_cal869 · 21 replies
    New American ^ | 09/08/2014 | Bob Adelmann
    In a burst of unwarranted enthusiasm, Forbes magazine’s international automotive analyst, Joann Muller, announced gleefully that the rise of the auto-making business in Mexico represented not only more bad news for Detroit, but was the result of “wise trade policies south of the border.” In the promotion for her article, Muller asked rhetorically: “Washington, are you listening?” She concluded that, if those trade policies, better known as the North American Free Trade Agreement (NAFTA), work so well for Mexico, Washington should do more of it for the United States. Not a single word in her lengthy article was devoted to...
  • Burgers via call center? Jack in the Box...outsourcing fast-food orders.

    09/08/2014 12:53:05 PM PDT · by WhiskeyX · 41 replies
    The Christian Underground ^ | n.d. | Craig Portwood
    Burgers via call center? Jack in the Box in Charlotte North Carolina testing process of outsourcing fast-food orders. That crackling voice taking your order at a fast-food drive-through may come from a lot farther away than the restaurant: Try Texas, or even overseas. San Diego-based Jack in the Box has tested outsourced drive-through order-taking since mid-2008 at seven of its 30 Charlotte-area restaurants. Spokeswoman Kathleen Anthony declined to specify the locations, though workers at the Cotswold restaurant in Charlotte recently said their restaurant uses the system. The technology is intended to improve speed, accuracy and service, freeing up restaurant employees...
  • The Worst Job Stat Continues To Get Even Worse

    09/08/2014 7:09:22 AM PDT · by SeekAndFind · 10 replies
    IBD ^ | 09/08/2014 | Jed Graham
    Amid all the focus on boosting the minimum wage and legislating living wages, virtually no one seems to have noticed what is happening to the workweek in low-wage industries. Since December 2012, private industries paying up to about $14.50 an hour have added, on net, 972,000 nonsupervisory jobs with an average workweek of a mere 17.7 hours, an IBD analysis finds. That doesn't mean new employees are being hired for such few hours. Rather, it reflects a combination of reduced hours in existing jobs and short workweeks for newly created jobs. Overall, in these low-wage industries which employ 30 million...
  • I Can Destroy Your Reputation and Career in Two Minutes

    09/01/2014 5:21:49 AM PDT · by Kaslin · 83 replies
    Townhall.com ^ | September 1, 2014 | Rachel Alexander
    There is a new form of cyberbullying out there and it is scary, because it could derail the professional career of any conservative - even those working in apolitical jobs. Slimy folks like “Busta Troll” are hijacking Facebook pages of conservatives, replacing the content with goats and anti-conservative messages. Some believe a goat is used because it is a Satanic symbol; many of the conservatives are targeted because of their Christian or Jewish views. The conservative Citizens’ Post page on Facebook was hijacked by the “Goatz Alliance,” which also goes by the name “Busta Troll,” by pretending to be from...
  • Capitalism and the Common Good

    09/07/2014 1:47:00 PM PDT · by SoFloFreeper · 5 replies
    Christianity Today ^ | 9/5/14 | Kevin Brown
    How to gear the free market so that people floursh.Two young girls sit on the front porch of an idyllic suburban home, staring at the wonder that is the modern smartphone. After one girl lists all the things the smartphone can do—“I can watch movies on it, read a book, talk with my friends... ...prompting the other girl to say, “I want one; make me one!” The smartphone then explains that “no one knows how to build even one of these things”—that millions of inventors, designers, miners, oil drillers, and factory owners around the world are needed to create just...
  • One-Third of Americans Are Freelancers Now

    09/05/2014 7:51:45 PM PDT · by 2ndDivisionVet · 34 replies
    Reason Magazine's Hit & Run Blog ^ | September 5, 2014 | Elizabeth Nolan Brown
    new report shows some 53 million Americans—or 34 percent of the U.S. workforce—are now working as freelancers in some capacity. "This is more than an economic change," asserts the report, a joint effort from the Freelancer's Union and freelance markeplaces oDesk and eLance. It's also "a cultural and social shift" that will "have major impacts on how Americans conceive of and organize their lives, their communities, and their economic power." The first and last time anyone looked at the freelance worker population in the U.S. was 2004, in a report from the Government Accountability Office (GAO). Back then the GAO...
  • Media Desperately Spinning Bad Jobs Report

    09/06/2014 10:52:10 AM PDT · by SeekAndFind · 16 replies
    Frontpage Mag ^ | 09/06/2014 | Daniel Greenfield
    Shockingly enough the numbers are bad and performing below the usual optimistic expectations. Just like every other time.I’ll just give you the headlines for a taste of how frantically the media is spinning the bad news. A Disappointing Jobs Report May Mask Economy’s Strength – NPRJobs Report: Not Good, but Not Terrible Either – New York TimesDon’t freak out about bad jobs report – Washington PostWhy weak August jobs report probably a fluke – MarketWatchThe Awful New Jobs Report Has One Silver Lining – New Republic It’s a fluke! There’s a silver lining! The bad news is really good news!...
  • 24,639,000: Record Number of Foreign-Born Hold Jobs in U.S.

    09/05/2014 12:58:28 PM PDT · by jazusamo · 17 replies
    CNSNews ^ | September 5, 2014 | Ali Meyer
    (CNSNews.com) - The number of foreign-born individuals holding jobs in the United States hit a recorded high of 24,639,000 in August, according to data from the Bureau of Labor Statistics (BLS). The BLS has been tracking the number of foreign-born workers annually since 2005 and monthly since 2007. The BLS does not distinguish between foreign-born individuals who are in the United States legally and those who are here illegally. “The foreign born are those who reside in the United States but who were born outside the country or one of its outlying areas to parents who were not U.S. citizens,”...
  • White Unemployment 5.3% -- Black Unemployment 11.4%

    09/05/2014 10:29:52 AM PDT · by Jim Robinson · 52 replies
    CNSNews ^ | September51, 2014 | By Michel mW. Chapman
    (CNSNews.com) – While unemployment nationwide is 6.1%, the unemployment rate for black Americans at 11.4% is more than double the rate for white Americans, who have an unemployment rate of 5.3%, according to the Bureau of Labor Statistics (BLS). The unemployment rate for Latino Americans, at 7.5%, is also lower than the unemployment rate for blacks, the BLS data show. For black Americans, age 16 and older, seasonally adjusted, the unemployment rate between July and August stayed the same at 11.4%, and that is up from the 10.7% rate in June. The last time the black unemployment rate was 11.4%...
  • Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    09/05/2014 10:17:23 AM PDT · by Red Badger · 39 replies
    CNS News Service ^ | September 5, 2014 - 9:07 AM | By Ali Meyer
    CNSNews.com) - A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics. The labor force participation rate has been as low as 62.8 percent in six of the last twelve months, but prior to last October had not fallen that low since 1978. BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison,...
  • Labor Participation Rate Drops To Lowest Since 1978; People Not In Labor Force Rise To Record

    09/05/2014 7:04:21 AM PDT · by Zakeet · 10 replies
    Zero Hedge ^ | September 5, 2014
    Complete headline: Labor Participation Rate Drops To Lowest Since 1978; People Not In Labor Force Rise To Record 92.3 Million It is almost as if the Fed warned us this would happen. In a note released yesterday, a Fed working paper titled "Labor Force Participation: Recent Developments and Future Prospects", looked at the US labor force and concluded that "while we see some of the current low level of the participation rate as indicative of labor market slack, we do not expect the participation rate to show a substantial increase from current levels as labor market conditions continue to improve."...
  • No Such Thing As A Free Lunch: IRS Mulls Tax On Employee Meals [Pre-Cursor to Health Insurance]

    09/05/2014 7:00:18 AM PDT · by SoFloFreeper · 40 replies
    Forbes ^ | 9/4/14 | Kelly Phillips Erb
    When I was contemplating where I might want to practice after law school, I was struck by the description of one particular firm in Philadelphia with a thriving tax practice. A former partner warned me off, explaining that they brought lunch to your desk. After years of scratching together my own lunch, I thought that sounded pretty great so I asked what was so terrible about having your lunch brought to you. “They do it,” she said simply, “Because they don’t want you to leave.” ....On August 26, 2014, the Department of Treasury released the 2014-2015 Priority Guidance Plan (downloads...
  • Payroll growth slumps in August; unemployment rate down to 6.1%

    09/05/2014 6:44:06 AM PDT · by SeekAndFind · 21 replies
    CNBC ^ | 08/05/2014 | Jeff Cox
    Job growth cooled in August, with nonfarm payrolls adding just 142,000 even as the unemployment rate fell to 6.1 percent, according to the Labor Department. The fall in the headline rate came as labor-force participation fell, declining to 62.8 percent, or 64,000 workers, tying the 2014 bottom and remaining at the lowest level since 1978. Economists expected payroll growth of 225,000 in August following July's upwardly revised 212,000. The unemployment rate was forecast to drop to 6.1 percent from 6.2 percent. August's number are a notoriously volatile set, with 2013's initially reported 169,000 ultimately revised up to 238,000. In 2011,...
  • August job growth worst of the year: 142K

    09/05/2014 6:14:01 AM PDT · by SoFloFreeper · 17 replies
    The Hill ^ | 9/5/14 | Vicki Needham
    The U.S. economy added 142,000 jobs in August, well below expectations and breaking a six-month streak of gains above 200,000...
  • Granite State Debate, U.S. Senate: Candidates discuss how they disagree with Kelly Ayotte

    09/04/2014 6:09:29 PM PDT · by ObamahatesPACoal · 3 replies
    Youtube ^ | WMUR-TV
    The Republican candidates for U.S. Senate in New Hampshire discuss how they disagree with Sen. Kelly Ayotte.
  • ADP: Employers Add 204,000 Jobs in August: Figure falls short of economists' estimate of 220K

    09/04/2014 9:47:08 AM PDT · by SeekAndFind · 17 replies
    US News and World Report ^ | 09/04/2014 | Katherine Peralta
    Businesses in the U.S. added 204,000 jobs in August, led by broad-based gains across industries and company sizes, according to the ADP National Employment report released Thursday. The figure fell short of the consensus estimate of 220,000, and was down from the 218,000 jobs the group said the economy added in July. Continued monthly gains in job growth would signal to Federal Reserve policymakers labor market tightening, which could put pressure on employers to raise wages if labor is scarce. Wage gains, which have yet to really materialize, could in turn enable households to pickup their pace of spending and...
  • U.S. initial jobless claims rise by 4,000 to 302,000 last week

    09/04/2014 7:00:51 AM PDT · by SeekAndFind · 6 replies
    Investing.com ^ | 09/04/2014
    The number of people who filed for unemployment assistance in the U.S. last week rose more than expected, dampening optimism over the strength of the labor market, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending August 30 increased by 4,000 to a seasonally adjusted 302,000 from the previous week’s total of 298,000. Analysts had expected jobless claims to rise by 2,000 to 300,000 last week. Continuing jobless claims in the week ended August 23 declined to 2.464 million from 2.528 million...
  • Robert Reich: College is a ludicrous waste of money

    09/04/2014 6:57:52 AM PDT · by SeekAndFind · 57 replies
    Salon ^ | 09/04/2014 | Robert Reichhhh
    This week, millions of young people head to college and universities, aiming for a four-year liberal arts degree. They assume that degree is the only gateway to the American middle class. It shouldn’t be. For one thing, a four-year liberal arts degree is hugely expensive. Too many young people graduate laden with debts that take years if not decades to pay off. And too many of them can’t find good jobs when they graduate, in any event. So they have to settle for jobs that don’t require four years of college. They end up overqualified for the work they do,...
  • U.S. Jobless Claims Rose 4,000 Last Week

    09/04/2014 6:34:15 AM PDT · by SoFloFreeper · 3 replies
    Wall Street Journal ^ | 9/4/14 | House & Mitchell
    The number of new applications for jobless benefits rose last week but stayed near 2014 lows, a new indication of an improving labor market. Initial claims for unemployment benefits increased by 4,000.... ... four-week moving average of claims, which smooths out weekly volatility, rose 3,000 to 302,750.....
  • Who Got The Jobs In North Carolina?

    09/02/2014 8:16:47 AM PDT · by zeestephen · 18 replies
    Center For Immigration Studies ^ | August 2014 | Karen Zeigler and Steven A. Camarota
    The total number of working-age (16 to 65) immigrants (legal and illegal) holding a job in North Carolina increased by 313,000 from the first quarter of 2000 to the first quarter of 2014...The number of working-age natives with a job declined by 32,000 over the same time.
  • Did Michigan Gov. Snyder Create 275,000 jobs?

    09/02/2014 5:34:50 AM PDT · by MichCapCon · 9 replies
    Michigan Capitol Confidential ^ | 8/30/2014 | James Hohman
    There can be no question that the Michigan economy is recovering — only about the magnitude of the growth. The level of growth depends on where you look. As we get closer to the November general election, more people will question the degree of growth and whether the Snyder administration and Legislature has helped or hindered the state recovery. Gov. Snyder and his campaign team claim he has helped create "more than 275,000 jobs." Let's take a deeper look at that number. There have been substantial job gains in the payroll survey during Gov. Snyder's first term. This is a...
  • Obama on Labor Day touts economic gains under his leadership, is mum on pressing world concerns

    09/01/2014 4:06:33 PM PDT · by jazusamo · 24 replies
    Fox News ^ | September 1, 2014
    President Obama used Labor Day to tout the country’s economic gains under his leadership and make an election-year case that higher wages and other progress for workers can only be achieved through a Democrat-controlled Congress. “American workers and the American economy are better off since I took office,” Obama told a crowd filled with union supporters at the annual Laborfest event in Milwaukee. “I’m not asking for the moon. I’m asking for policies that help folks get ahead. … Republicans running Congress are opposed to them.” At one point in the speech, Obama enthusiastically told the crowd: “If I were...
  • Economic Forecasts for the Week of September 1st and 8th

    09/01/2014 9:21:19 AM PDT · by Kaslin
    Townhall.com ^ | September 1, 2014 | Peter Morici
    Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of September 1 September 1 Labor Day September 2 Markit PMI Manufacturing Index - August 57.5 55.8 57.8 ISM (Mfg) - August 57.1 57.1 56.8 ISM Prices 58.0 59.5 58.0 Construction Spending - July 0.8% -1.8 0.9 September 3 Auto Sales* - August 16.60M 16.48 16.60 Car Sales 8.00 8.00 Truck Sales 8.60 8.49 *SAAR, as published by Motor Intelligence ADP Employment Report - August 120K 218 223 Factory Orders - June 11.1% 1.6 10.9 Durable Goods Orders Nondurable Goods Orders September 4 Initial Unemployment Claims 302K...
  • Work's for Squares

    09/01/2014 7:50:52 AM PDT · by reaganaut1 · 5 replies
    Barron's ^ | August 30, 2014 | Gene Epstein
    The job market has made a comeback over the past year, but the American labor force hasn't, and the prospects don't look good. Work seems to be on the wane in the U.S., with worrisome consequences for economic growth. While the unemployment rate slipped to 6.1% in June -- its lowest level in six years -- the percentage of adult American workers who are actually in the workforce is at its lowest level in 36 years, with no rebound in sight. ... WHEN IT COMES TO the millions of people receiving Social Security disability income, however, it is fairly certain...
  • The Forgotten Man Graphic Edition: A New History of the Great Depression

    08/31/2014 12:54:32 PM PDT · by SoFloFreeper · 11 replies
    amazon ^ | Amity Shlaes
    An illustrated edition of Amity Shlaes’s #1 New York Times bestseller, featuring vivid black-and-white illustrations that capture this dark period in American history and the men and women, from all walks of life, whose character and ideas helped them persevere. This imaginative illustrated edition brings to life one of the most devastating periods in our nation’s history—the Great Depression—through the lives of American people, from politicians and workers to businessmen, farmers, and ordinary citizens. Smart and stylish, black-and-white art from acclaimed illustrator Paul Rivoche provides an utterly original vision of the coexistence of despair and hope that characterized Depression-era America....
  • Unions distance themselves from Obama economic record [Kabuki for Sycophants]

    08/29/2014 7:30:34 AM PDT · by SoFloFreeper · 8 replies
    Washington Times ^ | 8/28/14 | S.A. Miller
    Largest U.S. labor union not ready to back Hillary Clinton 2016 White House bid The country’s largest labor union won’t endorse any Democrat who has the same economic team as President Obama and won’t be getting behind Hillary Rodham Clinton early in the 2016 presidential race, AFL-CIO President Richard Trumka said Thursday. “If you get the same economic team, you’re going to get the same results. The same results aren’t good enough for working people,” he said.
  • Weekly Jobless Claims Fall for Second Consecutive Week to 298,000

    08/28/2014 8:33:10 AM PDT · by SeekAndFind · 13 replies
    AOL Jobs ^ | 08/28/2014 | Lucia Mutikani
    The number of Americans filing new claims for unemployment benefits fell for a second straight week last week, underscoring the strengthening labor market fundamentals. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 298,000 for the week ended Aug. 23, the Labor Department said Thursday. Claims for the prior week were revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast claims climbing to 300,000 last week. A Labor Department analyst said there were no special factors influencing the state level data. The four-week average of claims, considered a better measure...
  • As oil boom continues, there’s no end in sight for job growth

    08/25/2014 11:45:34 AM PDT · by thackney · 12 replies
    Dallas News ^ | 20 August 2014 | JAMES OSBORNE
    <p>Texas has surpassed 300,000 jobs in the oil and natural gas sector as the oil boom drives job growth for a fourth straight year.</p> <p>According to the data released this week by the U.S. Bureau of Labor Statistics, the state gained more than 20,000 oil and gas jobs since July 2013, its largest increase since April 2013.</p>
  • Texas Looks to Decrease Occupational Licensing

    08/25/2014 5:10:23 AM PDT · by MichCapCon · 30 replies
    Capitol Confidential ^ | 8/22/2014 | Jarrett Skorup
    Texas Attorney General Greg Abbott, who is running for governor of that state, has rolled out a plan that would repeal a number of occupational licensing rules. These standards restrict individuals from engaging in certain commerce without permission from the state (and often include paying extra money, taking tests, and meeting other requirements). The plan notes, “Regulation by licensure results in less competition, fewer choices, higher costs, and the potential to thwart innovation. These effects are not always visible to the consumer, but they are nonetheless built-in costs without justification in most instances.” The National Center for Policy Analysis notes,...
  • Why Is It So Hard for Employers to Fill These Jobs?

    08/24/2014 6:54:55 AM PDT · by 2ndDivisionVet · 178 replies
    The Daily Signal ^ | August 23, 2014 | Stephen Moore
    America has a deficit of workers. Willing workers. Capable workers. Skilled, or at least semi-skilled workers, who can do a job and do it well. There are at least one million jobs that go begging day after day if only employers could find workers to fill them. This probably seems hard-to-believe. After all, how can America have a worker shortage when we have about 18 million Americans who are unemployed or underemployed? When the real unemployment rate is 12 percent? Well certainly the economy isn’t creating nearly as many jobs as it should – in large part because of regulatory...