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Keyword: jobs

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  • US Unemployment Claims Fall to 298K

    08/21/2014 7:00:58 AM PDT · by SeekAndFind · 40 replies
    Epoch Times ^ | 08/21/2014
    Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving. The Labor Department said Thursday that weekly claims for jobless aid fell 14,000 last week to a seasonally adjusted 298,000. The prior week’s figures were revised up slightly to 311,000. The less-volatile four-week average rose 4,750 to 300,750. It remains close to levels that predate the Great Recession of 2007-2009. Applications are a proxy for layoffs. Employers aren’t just keeping workers. They’re hiring at a pace last seen during the tech boom. They added 209,000 jobs in July, the sixth straight month that job...
  • Hostess Twinkie factory near Chicago closing [400 Jobs Lost, Obama Goes Golfing]

    08/21/2014 4:38:48 AM PDT · by SoFloFreeper · 26 replies
    CNBC ^ | 8/20/14
    The Schiller Park, Ill., bakery, where Twinkies were invented in 1930, will close according to an announcement by Hostess Brands on Wednesday....
  • Wasserman Schultz visits Hobby Lobby store - to urge a boycott

    08/21/2014 3:01:35 AM PDT · by SoFloFreeper · 45 replies
    Sun-Sentinel ^ | 8/20/14 | Anthony Man
    Congresswoman Debbie Wasserman Schultz of Weston, the chairwoman of the Democratic National Committee, stopped at a Hobby Lobby store in her district on Wednesday – not to pick up some craft supplies for one of her kid’s school projects, but to alert people to the store’s existence and urge people not to shop there. “I want people to know that this Hobby Lobby is here and they should vote with their purses and their pocketbooks, and women should not shop here. If you didn’t know this Hobby Lobby was here before, know it now and don’t shop here. They don’t...
  • Biden At Goodwin: Job Training A Community Effort

    08/21/2014 2:44:23 AM PDT · by Biggirl · 8 replies
    Hartford Courant ^ | August 21, 2014 | Mara Lee
    EAST HARTFORD — Vice President Joe Biden visited Goodwin College on Wednesday to draw attention to the ways that job training, when it's guided by industry, can help people move into higher-paying jobs and strengthen the middle class. He praised the college's year-old manufacturing production training program and its ambitious expansion of manufacturing training this fall.
  • States Of Depression: Employment Rates in Most States Still Lag 2007 Levels

    08/20/2014 11:48:22 AM PDT · by MRourke85 · 7 replies
    Confounded Interest ^ | 08/20.2014 | Anthony B. Sanders
    It is difficult to have a surge in homeownership for the 25-54 year old bracket when not a single state in the US has shown improvement in employment rates since 2007. According to the Pew Charitable Trusts, employment rates for 25- to 54-year-olds were lower in 29 states in fiscal year 2014 than in 2007, before the Great Recession. Percentage-point Change in Employment Rate, CY 2007 to FY 2014 statesemp A state-by-state comparison of calendar year 2007 with fiscal 2014 shows: 1) No state reported employment rate gains for 25- to 54-year-olds. 2) 29 states had statistically significant decreases. 3)...
  • Job Announcements Don't Equal Job Creation

    08/20/2014 11:31:39 AM PDT · by MichCapCon · 1 replies
    Capitol Confidential ^ | 8/18/2014 | James Hohman
    The campaign season has been filled with claims from candidates that they will create jobs. A common strategy is to target a business or an industry for special state support and to claim credit whenever jobs are added by companies receiving support. A quick look at the job creation and loss figures for the economy as a whole shows that this approach is not a workable one. There is a surprising amount of job creation and loss in the economy. Michigan added 214,000 jobs and lost 194,000 jobs in the fourth quarter of 2013, according to the Bureau of Labor...
  • Target lowers outlook, reeling from data breach

    08/20/2014 5:37:51 AM PDT · by SoFloFreeper · 16 replies
    Marketwatch ^ | 8/20/14 | Anna Prior
    Target Corp. lowered its outlook for the year.... The big-box retailer, which also posted a 62% decline in earnings for its second quarter, has been trying to bounce back from the data breach over the holiday season. The company booked expenses tied to the fumble of $148 million in the latest quarter....
  • Job Turnover Data Show Lots Of Churning, Little Job Creation

    08/20/2014 4:59:25 AM PDT · by SeekAndFind · 4 replies
    IBD ^ | 08/20/2014 | EDWARD P. LAZEAR
    The government's latest survey of job openings and labor turnover implies that while the U.S. labor market has improved significantly since the recession, it is far from having recovered. The key determinant of labor market health is hiring, and hiring remains well below normal. The data-rich Job Openings and Labor Turnover Survey, or JOLTS, which Fed chair Janet Yellen is said to follow closely, reports monthly hires and separations, with the separation defined as the termination of an employment relationship for any reason. The hiring and separation numbers reveal important but little-known facts about how the U.S. labor market operates....
  • Why Employers Are to Blame for the ‘Skills Gap’

    08/19/2014 2:12:05 PM PDT · by SeekAndFind · 13 replies
    Fiscal Times ^ | 08/19/2014 | BY ROB GARVER
    Complaints about a “skills gap” that make it difficult for employers to fill open positions have become commonplace in discussions about the economy and unemployment levels. Workers, the story goes, simply don’t have the educational background or professional training for the kinds of jobs that exist in today’s knowledge economy. The argument certainly feels like it makes sense – things have changed an awful lot in the past decade, and it could be that older workers simply don’t have the necessary skills for employment today. The trouble is that economists have become increasingly skeptical about the skills gap narrative, not...
  • What States are the Biggest Job Winners and Losers in the Recovery?

    08/18/2014 6:36:36 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | August 18, 2014 | Mike Shedlock
    The Deloitte University Press has a very interesting, and comprehensive study on job gains and losses, by type of job, and state by state. The biggest winners are states involved in energy production, finance, or healthcare. The biggest losers are states that did not recover from the real estate bust, or lost population due to emigration. With that overview, let's dive deeper into the Geography of Jobs. Only now, as we reach the fifth anniversary of the end of the recession, has employment in the United States finally regained its pre-recession peak. The national story of slow recovery obscures the...
  • So many job openings, but so hard to get hired

    08/15/2014 6:23:04 AM PDT · by SeekAndFind · 44 replies
    CBS News ^ | 08/15/2014 | BySUZANNE LUCAS
    The Labor Department just released statistics that show that job openings in June are at a 13-year high. But while hiring is also up, it's not nearly at the levels that the job openings are. For job-hunters, the disconnect can be frustrating and painful. What's going on, and how can you get around this? * Not all jobs posted will be filled. Sometimes businesses post jobs with no intention of actually filling them. They're looking for applicants to put in their files so that they have a supply of candidates when a job does open up. Sometimes, positions are posted,...
  • Economics for Everybody: Applying Biblical Principles to Work, Wealth, and the World

    08/15/2014 2:41:26 AM PDT · by SoFloFreeper
    ligonier ^ | 8/15/14 | RC Sproul, Jr.
    If you want to know why economics is so important to understand, this is the series for you. In our day and age, it’s a message every Christian needs to hear.
  • Obama’s Betrayal of American Workers of All Races and Backgrounds

    08/13/2014 7:36:47 PM PDT · by Bratch · 8 replies
    Facebook ^ | August 13, 2014 | Sarah Palin
    According to a new report by the U.S. Conference of Mayors, Americans are earning 23% less today than what they made before the 2008 recession for the same jobs. This terrible statistic doesn’t even take into account Americans still struggling with unemployment, and please remember that the real unemployment rate is over 20%. That figure reflects all the Americans who’ve given up even looking for jobs that just aren’t there in Obama’s economy. This issue of middle class wage stagnation is directly related to the current debate about amnesty. According to a recent Reuters/Ipsos poll, 70% of Americans believe illegal...
  • Islamic State Jihadists: Once you've Beheaded Someone for Fun, Where Do You Stop?

    08/14/2014 7:37:40 AM PDT · by afraidfortherepublic · 15 replies
    Breitbart London ^ | 8-14-14 | James Delingpole
    While President Obama works on his golf swing, British Prime Minister David Cameron has cut his summer holiday short to preside over an emergency crisis meeting about the Islamic State in Iraq. Perhaps Cameron's mind has been concentrated by stories like this one - a transcript of an interview with a British-born jihadist on the popular teenage chat-room Ask.fm. Here are some of the questions British kids were dying to ask of this exciting role model - together with his somewhat terrifying answers. Q: Are there gun stores there?A: Yep, u can buy loads of stuff. Q: Are bulletproof vests...
  • From Bellhops to Burger Flippers, Robots Look to Steal Even More Jobs

    08/14/2014 7:32:14 AM PDT · by SeekAndFind · 33 replies
    The Fiscal Times ^ | 08/14/2014 | BY ANDREW LUMBY
    Hotel rooms for the introverts among us are an anti-social haven. Nothing beats a hot shower, followed by settling into a freshly made bed in a terrycloth robe to watch mediocre television with a glass of wine. No one bothers you and for an exquisite moment in time, you have nary a care in the world. Then the realization hits. You’ve forgotten your toothbrush at home! You’re going to have to call the snooty concierge. You’re going to have to smile and tip and say thank you. You’ll have to deal with people. The chain of hotels has introduced the...
  • U.S. Jobless Claims Rise, But Remain Near Eight-Year Lows: Unemployment claims up by 21,000 to 311K

    08/14/2014 6:02:33 AM PDT · by SeekAndFind · 19 replies
    Wall Street Journal ^ | 08/14/2014 | By JONATHAN HOUSE And BEN LEUBSDORF
    New applications for unemployment benefits rose last week but remained near eight-year lows. Initial claims for unemployment benefits increased by 21,000 to a seasonally adjusted 311,000 in the week ended Aug. 9, the Labor Department said Thursday. That was more than the 295,000 new claims forecast by economists surveyed by The Wall Street Journal and the highest level since June. Claims for the previous week were revised up slightly to 290,000. Applications for unemployment benefits, a proxy for layoffs, have been trending lower this year. The four-week moving average of claims, which smooths out weekly volatility, increased by 2,000 to...
  • With Profits Slipping, Cisco Announces Job Cuts [6,000 on the chopping block, 8% of workforce]

    08/13/2014 3:45:34 PM PDT · by SeekAndFind · 7 replies
    New York Times ^ | 08/13/2014 | By QUENTIN HARDY
    SAN FRANCISCO — Cisco Systems may be doing a little better than Wall Street expects, considering its technology and sales challenges. But that doesn’t mean the company will avoid layoffs in the coming months. On Wednesday, Cisco released fourth-quarter earnings that illustrated its troubles as one of the tech industry’s giants competing in a rapidly changing environment. Fourth-quarter revenues, Cisco said, were $12.36 billion, down from $12.42 billion in the same quarter a year ago. Net income was $2.25 billion, or 43 cents a share, down from $2.27 billion a year ago. Using nonstandard accounting common to many tech companies,...
  • Loss of mid-wage jobs hampers state's growth

    08/08/2014 9:11:14 AM PDT · by Pelham · 13 replies
    LA Times ^ | August 8, 2014 | Tiffany Hsu
    On the surface, California's job market is booming. The state has now recovered all the jobs lost during the recession, and done so at a faster pace than all but five states. The growth, though, belies a troubling imbalance. The fastest job creation has come in low-wage sectors, in which pay has declined. At the high end of the salary scale, a different dynamic has taken hold: rising pay and improving employment after rounds of consolidation. Most distressing, middle-wage workers are losing out on both counts. "People talk about it like an hourglass," said Tracey Grose, vice president of the...
  • Actor had 'serious money troubles' after $30million divorce bills

    08/12/2014 2:05:55 PM PDT · by CorporateStepsister · 93 replies
    Daily Mail ^ | August 12, 2014 | Sara Nathan for MailOnline
    As he stepped out on stage last year to hawk his big TV comeback in front of advertisers, comedy great Robin Williams joked it was 'nice to have a job where the checks will clear.' After making his name as the eccentric and beloved alien on 1970s TV hit Mork and Mindy, Robin transferred his attentions to Hollywood with a stream of box office hits. But after acclaim and an Oscar, the movie career started to dry up and the actor signed up for CBS show The Crazy Ones, a small-screen comedy about a 'renowned and slightly unhinged' advertising genius/madman....
  • Fresh data shows U.S. jobs market tightening: 4.67 Million Job openings in June

    08/12/2014 12:31:34 PM PDT · by SeekAndFind · 7 replies
    Reuters ^ | 08/12/2014 | LUCIA MUTIKANI
    The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth. The Labor Department's monthly Job Openings and Labor Turnover Survey released on Tuesday gave an upbeat assessment of the job market that could sharpen the debate on the timing of the first interest rate increase from the Federal Reserve. The number of unemployed job seekers per open job fell to 2.02 in June, the lowest level since April 2008. The ratio was at 2.14 in May and is now below the...
  • The Fastest-Growing States For Tech Jobs [Republican led Texas & Florida]

    08/12/2014 8:09:03 AM PDT · by SoFloFreeper · 11 replies
    Forbes ^ | 8/7/14 | Susan Adams
    What state is adding technology jobs at the greatest rate? My guess would have been Washington, where Seattle has become a center for cloud computing....[but it is behind]....No. 1, Texas, No. 2, Florida,
  • Here's A Crazy Statistic That Shows The Huge Disconnect In The Job Market

    08/12/2014 5:49:15 AM PDT · by SeekAndFind · 38 replies
    Business Insider ^ | 08/12/2014 | Joe Weisenthal
    At 6.2%, the unemployment rate remains uncomfortably high.  And yet, companies are increasingly saying they're having a hard time finding workers.This statistic from the latest NFIB small business optimism survey really drives home the disconnect. Note the highlighted part of the text below:NFIB owners increased employment by an average of 0.01 workers per firm in July (seasonally adjusted), the tenth positive month in a row and the best string of gains since 2006. Seasonally adjusted, 13 percent of the owners (up 1 point) reported adding an average of 2.9 workers per firm over the past few months. Fifty-three percent of...
  • The Unions’ War on Small Businesses

    08/11/2014 11:51:31 AM PDT · by SoFloFreeper · 2 replies
    Daily Signal ^ | 8/9/14 | James Sherk
    Would you like to own a small business someday? If so, sorry — the Service Employees International Union would rather you didn’t. The SEIU has convinced the National Labor Relations Board (NLRB) to eviscerate the franchising model that many small-business owners rely on.Under the current model, these small-business owners pay for the right to use a corporate brand. The franchising corporation researches appealing products. It also does marketing to promote the brand. In return, the local franchisees agree to produce those products to fit certain price and quality specifications. The local franchisee handles all the hiring and employment.
  • Millennials' Jobs Getting Outsourced to Their Grandparents

    08/08/2014 7:47:10 AM PDT · by SeekAndFind · 18 replies
    American Thinker ^ | 08/08/2014 | Chriss Street
    The Los Angeles Times ran a story titled “Freelance Workers a Growing Segment of California Economy” lamenting that millennials working part-time costs California $17 billion a year in tax revenue. Apart from the Times' bizarre comment that young people are somehow shirking their responsibility to pay more taxes by working odd jobs to survive, the real issue is that higher tax rates, labor rules and anti-business regulations, and Obamacare mandates have made hiring millennials for full-time work much more expensive. Businesses are increasingly adapting to higher government costs burdens by hiring the over 65-year-old seniors who are exempt from ObamaCare.The...
  • States Where It’s Hardest to Find Full-Time Work

    08/07/2014 10:29:23 AM PDT · by SeekAndFind · 24 replies
    Wall Street 24X7 ^ | 08/07/2014 | By Alexander Kent, Robert Serenbetz and Thomas C. Frohlich
    While the labor market has improved significantly since the depths of the recession in 2009, high underemployment may be an indication that the economy is still struggling. As of the first quarter of 2014, 13.4% of the nationÂ’s labor force was considered underemployed, meaning they were unemployed, were working only part-time despite wanting full-time jobs or would like a job but had given up on actively looking. The underemployment rate has dropped from its peak of 16.7% in 2010, which indicates that the labor market has improved. However, underemployment is still well above its pre-recession levels. Based on underemployment data...
  • Where Did All the Entry-Level Jobs Go? Many Firms Expect New Graduates to Arrive Job-Ready

    08/07/2014 6:54:00 AM PDT · by SeekAndFind · 55 replies
    Wall Street Journal ^ | 08/07/2014 | LAUREN WEBER and MELISSA KORN
    Entry-level work isn't what it used to be. Companies bruised by the recession have stayed lean by automating and outsourcing core functions while slashing training budgets and payrolls. But in an effort to cut costs, some companies also have cut entry-level jobs that serve as a crucial first step on the path to a professional career. And others have made the responsibilities for first-timers more sophisticated, raising the bar for new graduates, who are expected to arrive job-ready from day one. These developments may be making it more difficult for some young adults to gain a foothold in the labor...
  • U.S. initial jobless claims fall by 14,000 to 289,000 last week

    08/07/2014 6:33:35 AM PDT · by SeekAndFind · 34 replies
    Investing ^ | 08/07/2014
    The number of people who filed for unemployment assistance in the U.S. last week fell more than expected, 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 August 2 decreased by 14,000 to a seasonally adjusted 289,000 from the previous week’s total of 303,000. Analysts had expected jobless claims to rise by 2,000 to 305,000 last week. Continuing jobless claims in the week ended July 26 fell to 2.518 million from 2.542 million...
  • After Jobs Failure, Taxpayers Giving Solar Company Another Shot

    08/06/2014 1:50:32 PM PDT · by MichCapCon · 7 replies
    Capitol Confidential ^ | 8/2/2014 | Tom Gantert
    In 2009, then Gov. Jennifer Granholm hailed Suniva as a company that would help turn the state into the “epicenter” of manufacturing green energy products. She said Suniva was opening a photovoltaic plant in Saginaw Township that would create 500 jobs over the next five years. That plant never came to fruition, joining several other solar projects that didn't work out in Michigan. But the process is starting again with more job predictions and state subsidies if they come through this time. Suniva, a Georgia-based company, was going to invest $250 million in 2009 and would get a $15 million...
  • Drunk Driving & The 7 Trillion Dollar Man

    08/06/2014 11:03:37 AM PDT · by xuberalles · 2 replies
    Self | 8/6/14 | Me
    Barack Obama has raised the deficit by more than 7 trillion in six years. Let me repeat: Barack Obama has accrued a 7 trillion dollar deficit in only six years of office! And the man still has two years remaining! It’s nearly beyond comprehension and more than the first 42 Presidents combined; nearly twice as much George W. Bush who presided over the economic fallout from 9/11, a war on two fronts, the credit collapse and subsequently was besieged by Democrats as “unpatriotic” and “incompetent” for wasting taxpayer money. So why isn’t anyone being held accountable for such reckless incompetence?...
  • Old Workers Hit New Record High As Jobs For Key 25-54 Age Group Slide By 142K

    08/05/2014 2:26:07 PM PDT · by SeekAndFind · 29 replies
    Zero Hedge ^ | 08/04/2014 | Tyler Durden
    Another month, another case where the primary age group of the US work force, those aged 25-54, gets shafted. According to the BLS' household survey, while overall July jobs rose, if modestly less than the 209K revealed by the establishment survey, there was no joy for those aged 25-54: historically the most important and highest earning age group (in case anyone is wondering where all that missing average hourly earnings growth is) within the US labor force. As the chart below shows, while all other age groups posted a jobs uptick, it was those 25-54 that saw a 142K...
  • How to Find a Job Without Looking for a Job

    08/05/2014 12:59:54 PM PDT · by SeekAndFind · 6 replies
    The Fiscal Times ^ | 08/05/2014 | BY REILLY DOWD,
    A new Seattle-based startup called Poachable wants to play matchmaker—not with your love life, but with your career.Poachable’s online book of possible employee-employer matches may well change the way people engage with the often dreaded and largely outdated process of searching for a job. But it’s more of a flirtation with the idea of finding a new job than a mission to marry a new job as soon as possible. It’s the Tinder of the online job search, not Match.com.Poachable cofounder Tom Leung, a former Microsoft and Google employee, may well have identified the new "sweet spot" in recruiting. As...
  • JULY UNEMPLOYMENT: STILL IN THE DOLDRUMS, BUT A LITTLE WIND IN THE WORKFORCE SAILS

    08/05/2014 4:55:59 AM PDT · by SoFloFreeper · 6 replies
    Human Events ^ | 7/31/14 | John Hayward
    Since the media has spent the last six years ignoring the decline of the American workforce, and writing comically lunkheaded propaganda stories about how the unemployment picture “improved” when it was actually people giving up altogether and dropping out of the game, it seems appropriate to switch gears and applaud the small signs of life.... it has absolutely nothing to do with some mythical “recovery” finally chugging to life as Obamanomics suddenly starts working, after six years of failure and trillions of dollars spent. It’s because extended unemployment benefits were not renewed.
  • Is Long-Term Unemployment Finally Returning to Normal?

    08/04/2014 6:45:24 AM PDT · by SeekAndFind · 24 replies
    RCM ^ | 08/04/2014 | Jeffrey Dorfman
    For all the fuss made and dollars spent it is not clear that the 2007-2009 recession was worse than the 1980-1982 downturn when Fed Chairman Paul Volker defeated inflation. For example, unemployment peaked at 10.8 percent then, higher than the 10 percent maximum in the most recent recession. However, this most recent recession and the weak recovery that has followed has been the undisputed champion for long-term unemployment. The U.S. government defines long-term unemployment as a period of unemployment that lasts 27 weeks or longer, roughly six months or more. While overall unemployment was relatively normal for a severe recession,...
  • Welcome to the WORST Employment Recovery Since President Jimmy Carter (Low Wage "Recovery")

    08/03/2014 10:12:12 AM PDT · by MRourke85 · 18 replies
    Confounded Interest ^ | 08/03/2014 | Anthony B. Sanders
    Unemployment in the United States is finally below the WORST unemployment rate during the George W Bush Administration. That is like saying you are the smartest person at a Village Idiot convention. Not only has unemployment been slow to recover, but real median household income has fallen to 1995/1996 levels. unenrmincsentnon According to Sentier Research, real median household income is recovering, but VERY slowly. sentierrres Then we have average hourly wage earnings growth Year-over-year (YoY) that is nearly 50% lower than before the recession in 2007. u3averegehr And labor share (as opposed to capital share) is near the all-time low...
  • Obama Conjugates the Economy: Broke, Broker, Broken

    08/02/2014 5:39:52 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | August 2, 2014 | John Ransom
    While the media basks in the artificial light of a 4 percent GDP print for the second quarter, jobs continue to disappoint—and so does GDP. You wouldn’t know it, however,r by the way the media covers the economy. “The high-flying labor market showed no let-up in July,” writes USAToday, “as employers added 209,000 jobs.” Of course economists expected a bigger gain of 238,000 jobs, but you know: Who’s counting? Numbers and math are so overrated. We have gotten to the point that a missed estimate of 30,000 jobs is no big deal, while an uptick in unemployment is good...
  • Supply Chain Talent Is a Growing Gap for Leaders and the Impact Is Enormous

    08/01/2014 1:32:47 PM PDT · by Vigilanteman · 16 replies
    Supply Chain 24/7 Magazine ^ | 1 August 2014 | Lora Cecere
    Five years ago talent was plentiful, companies could easily recruit for supply chain planners, and it was easier to recruit supply chain graduates - Not so today. The biggest issues are in mid-management roles. Let’s examine some of the facts from recent research. Today, 60% of companies have open positions. Fifteen percent of the planning positions are open for an average time of five months. An IBM surveys report that 51% of companies are seeing an increase in turnover of supply chain leaders. Have I convinced you yet to be worried? If so, let’s start working on an answer. Let...
  • U.S. job growth cools, unemployment rate rises to 6.2 percent

    08/01/2014 5:51:09 AM PDT · by SeekAndFind · 51 replies
    Reuters ^ | 08/01/2014 | LUCIA MUTIKANI
    U.S. job growth slowed more than expected in July and an unexpected rise in the unemployment rate pointed to some slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while. Nonfarm payrolls increased 209,000 last month after surging by 298,000 in June, the Labor Department said on Friday. Data for May and June were revised to show a total of 15,000 more jobs created than previously reported, showing underlying momentum.
  • Manufacturers: Ozone standard could be most costly regulation ever

    07/31/2014 9:09:38 AM PDT · by jazusamo · 22 replies
    The Hill ^ | July 31, 2014 | Benjamin Goad
    A looming Obama administration rule aimed at updating the federal ozone standard could be the single most expensive federal regulation in U.S. history, according to a new study commissioned by the National Association of Manufacturers (NAM). The proposal, expected to be unveiled by year’s end, could lead to millions of lost jobs, $2.2 trillion in compliance costs and a $3.4 trillion blow to gross domestic product between 2017 and 2040, according to the 142-page study. The analysis does not take potential public health benefits into account. NAM President Jay Timmons contends the regulation would saddle manufacturers with a new regulatory...
  • U.S. jobless claims turn higher one week after touching 14-year low

    07/31/2014 7:13:26 AM PDT · by SoFloFreeper · 36 replies
    Marketwatch ^ | 7/31/14 | Jeffrey Bartash
    One week after falling to a 14-year low, the number of people who applied for U.S. unemployment benefits rose sharply last week but remained near a postrecession bottom. Initial jobless claims climbed by 23,000 to 302,000 in the seven days ended July 26, retracing the entire decline in prior week, according to Labor Department data . The level of claims was in line with Wall Street expectations.
  • U.S. initial jobless claims rise by 23,000 to 302,000 last week

    07/31/2014 7:02:35 AM PDT · by SeekAndFind · 15 replies
    Investing ^ | 07/31/2014
    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 July 26 increased by 23,000 to a seasonally adjusted 302,000 from the previous week’s total of 279,000, which was the lowest since May 2000. Analysts had expected jobless claims to rise by 22,000 to 301,000 last week.
  • Want a Real Anti-Poverty Plan? Stop Amnesty!

    07/30/2014 4:10:10 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | July 30, 2014 | Michelle Malkin
    It is now all the fashionable rage in Washington, D.C., to proclaim solidarity with America's working poor in front of the cameras -- while stabbing them in the back behind closed doors. Privileged Illinois Democratic Congresswoman Jan Schakowsky and others have taken to Twitter, posting photos of themselves eating tuna sandwiches and buying Ramen noodles to show how much they empathize with minimum-wage workers. On the other side of the aisle, GOP Rep. Paul Ryan has wrapped himself in a cloak of compassion, putting a cheesy Taylor Swift hand heart around conservatism by proposing government "life coaches" for those in...
  • Another ObamaCare Promise Flatlines

    07/30/2014 3:55:48 AM PDT · by IBD editorial writer · 3 replies
    Investor's Business Daily ^ | 07/29/2014 | IBD Staff
    Health Care: Remember when ObamaCare backers said there was no way the law would push employers to drop their health plans? A new report calls the lie on that one, too. A big concern raised by critics of ObamaCare was that employers would shift their health costs onto taxpayers — dropping insurance benefits knowing workers could access guaranteed, often subsidized coverage in an ObamaCare exchange. Typical of the left's response was a Families USA "fact sheet" that called such worries a "myth." "Employers that offer coverage will continue to do so," it declared. The liberal Urban Institute likewise promised the...
  • It's Going To Get Worse Before It Gets Better

    07/29/2014 11:39:24 AM PDT · by Kaslin · 34 replies
    Townhall.com ^ | July 29, 2014 | Donald Lambro
    Barack Obama's approval polls slipped precariously closer to the 30 percent range this week, as many more Americans expressed deep dissatisfaction with his failed presidency. As Obama frantically runs around the country trying to find a motivating message that resonates with the base of his party, it's obvious that he's in over his head, without a serious, substantive agenda, or any workable idea of how to get America moving again. He's still peddling the same shady shell game to raise the minimum wage, an idea the Congressional Budget Office says would kill up to one million jobs. The Gallup Poll...
  • Tech layoffs could hit highest level since 2009

    07/29/2014 10:31:44 AM PDT · by SeekAndFind · 15 replies
    The Hill ^ | 07/29/2014 | Vicki Needham
    Layoffs in the technology sector could reach their highest level in five years, according to a group that tracks employments trends. So far this year, tech employers have announced plans to cut payrolls by 48,402, a 68 percent increase over the 28,883 layoffs announced during the same period in 2013, according to a special report released Monday by Challenger, Gray & Christmas. At the current rate, the 2014 year-end total could be the highest since 2009, when tech-sector job cuts hit 174,629. The highest total on record was 695,581 job cuts in 2001, when the tech bubble in the stock...
  • Merck Announces Another Round Of Layoffs [Another 600 positions in Montgomery County, PA]

    07/29/2014 10:25:00 AM PDT · by SeekAndFind · 15 replies
    CBS Local ^ | 07/29/2014 | Brad Segall
    NORRISTOWN, Pa. (CBS) — A major pharmaceutical company is planning another round of layoffs that again will hit Montgomery County hard. On the heels of more than 650 job cuts at its West Point manufacturing and research plant in late 2013 and earlier this year, Merck plans to let go another 600 employees by the end of August. The company has already filed notices with the Pennsylvania Department of Labor which says the jobs are being cut in North Wales and Lansdale. County Commissioner Josh Shapiro is disappointed with the news, but says they’re working to help those affected.
  • 8 Jobs That Can Make You Happy and Rich

    07/29/2014 7:46:14 AM PDT · by SeekAndFind · 28 replies
    Business Insider ^ | 07/29/2014 | Jacquelyn Smith and Skye Gould
    Most people believe "a happy career" and "a fat paycheck" are mutually exclusive — but online jobs community CareerBliss.com recently found that these two things sometimes do go hand in hand. CareerBliss compiled its new list of jobs that can make you happy and rich by analyzing more than 50,000 independent company reviews from 2013 and 2014. The reviews are from employees all over the U.S. who evaluated 10 factors that affect work happiness — one's relationship with their boss and coworkers; workplace environment; job resources; compensation; growth opportunities; company culture; company reputation; daily tasks; and job control over the...
  • Funny Interviews: Meet the Dumbest Job Applicants

    07/27/2014 6:31:18 PM PDT · by Innovative · 26 replies
    Reader's Digest ^ | april 2014 | Reader's Digest
    "An individual applied for a customer-service job, and when asked what he might not like about the job, he said, 'Dealing with people.'" "I had somebody list their prison time as a job. And an exotic dancer who called herself a 'customer service representative.'"
  • What if Obama Defended American Business?

    07/27/2014 12:55:54 PM PDT · by Kaslin · 17 replies
    Townhall.com ^ | July 27, 2014 | Larry Kudlow
    Just for once, wouldn't it be great if President Obama actually defended American business, instead of attacking it? Just once?Wouldn't it be great if Obama acknowledged that U.S. firms are overburdened by the highest corporate tax rate among developed countries, and as a result are becoming less and less competitive? Wouldn't it be great if he said he wants to fix this tax imbalance in order to grow the economy faster and give U.S. businesses a leg up on the global scene? Couldn't he just say that? He could say it like this: "Look, I don't want to drive businesses...
  • Wage Growth Is Really Going Nowhere

    07/27/2014 9:22:30 AM PDT · by blam · 18 replies
    BI ^ | 7-27-2014 | Myles Udland
    Myles UdlandJuly 27, 2014 Wage growth is close to not being growth at all. On August 1, we'll get the latest jobs report from the Bureau of Labor Statistics. Last month, the report showed that the economy added 288,000 jobs in June, with wages growing 2% year of year. Unfortunately, when taking into account the rate of inflation, "real" wage growth was flat. In Business Insider's latest Most Important Charts In The World feature, Ellen Zentner, senior U.S. economist at Morgan Stanley, highlighted the following chart, which shows how real wage growth has slowed to, well, no growth at all.(snip)(snip)
  • Column in Which I'm an Exact Genetic Copy of Both Evil Koch Brothers

    07/27/2014 5:23:32 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | July 27, 2014 | John Ransom
    Swift Boat Captn wrote: And things were so great before Obama took over. Let's go back to the Chimp's economy that he started by turning surpluses into deficits then finished by losing 800,000 jobs per month and Wall Street on the brink of extinction. - This Won’t End End Well: Obama Giveth X and Taketh Away 7.6 Percent More Dear Comrade Kerry, In February 2007, when the terrible, evil George W. Bush was president, there were 2,427,000 more jobs than there are today. In February 2007, when the terrible, evil George W. Bush was president, there were 5,167,000 fewer unemployed....