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Keyword: jobs

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  • Trump's vitally important anti-poverty initiative

    04/18/2018 2:47:32 PM PDT · by Tolerance Sucks Rocks · 23 replies
    StarParker.com ^ | April 17, 2018 | Star Parker
    It takes a lot of courage for a president to target almost a quarter of the federal budget for reform in an election year. But this is exactly what President Trump is doing with his executive order, "Reducing Poverty in America by Promoting Opportunity and Economic Mobility." We're now spending more than $700 billion per year on low-income assistance, which is more than we are spending on our national defense. And there are plenty of reasons to believe this spending is inefficient, wasteful and counterproductive. Over the last half-century, some $22 trillion has been spent on anti-poverty programs and yet...
  • Miami Media Local Visit by Trump; Fails again to mention RECORD LOW unemployment for minorities

    04/17/2018 2:17:09 AM PDT · by SoFloFreeper · 6 replies
    4/17/18 | sff
    Tuning in this morning. Trump was in Miami yesterday. Trump met with local business leaders...Some hispanic and women. During the meeting, Trump spoke the truth about unemployment--blacks and Hispanics are benefiting Bigly from the economy. Miami media is focused like a laser beam on issues affecting minorities. Every perceived problem in either one of those demographic groups is highlighted. Today, the day after the visit, I haven't seen ONE SINGLE MEDIA outlet report or repeat the good economic news for minorities. Granted, it is so early I haven't had time to look at the print rags. But tv "news" is...
  • No more cash: Maryland explores changing tolls to electronic only

    04/14/2018 8:17:56 PM PDT · by Tolerance Sucks Rocks · 61 replies
    The Capital Gazette ^ | April 13, 2018 | Katherine Brzozowski
    The Maryland Transportation Authority is exploring phasing out all cash toll booths across the state. Today, tolls are collected three ways: by cash, or electronically, by either an E-ZPass transponder or by video tolling — when the state uses a license-plate photo and mails drivers their bill. Transportation officials say that the transition to all-electronic, high-speed toll collection will: save drivers time on their commute, save the state money, reduce accidents at toll plazas, and reduce CO2 emissions as less fuel is being burned, according to a national study by the University of Central Florida. Drivers in Maryland could start...
  • Robots Are Coming for Our Jobs. Thank Goodness.

    04/09/2018 8:03:06 AM PDT · by SeekAndFind · 11 replies
    Foundation for Economic Education ^ | 04/09/2018 | Andrew Lilico
    Technological progress has frequently resulted in changes in the nature of work, sometimes affecting skilled workers more and sometimes affecting unskilled workers more. But whichever categories of worker were affected, such changes have almost universally been to the benefit of workers of all skill levels. Let’s consider two or three professions of the past.Take the “tanner.” Before technology transformed the nature of such work, Wikipedia tells us that tanning “was considered a noxious or ‘odoriferous trade’ and relegated to the outskirts of town, amongst the poor… The ancient tanner might use his bare feet to knead the skins in dung...
  • Why 'Opportunity Zones' Could Solve Unemployment In Slow-Growth Areas

    04/06/2018 6:52:29 AM PDT · by SeekAndFind · 10 replies
    RCM ^ | 04/05/2018 | John Bailey
    Recent national economic reports point to a robust economic recovery. Employment is steadily increasing, and unemployment has fallen to a 17 year low. But obscured by the national averages are 52 million Americans still living in distressed communities, areas where poverty rates, unemployment, income, and business growth are far below the national averages. This economic recovery has been unusual with its geographic concentration. Research by the Economic Innovation Group shows that just 73 out of 3,000 counties produced more than half the job growth in the first five years after the recession. A mere five metro areas were responsible for...
  • US added modest 103K jobs in March, rate stays 4.1 pct.

    04/06/2018 5:38:06 AM PDT · by NohSpinZone · 21 replies
    ABC News ^ | 4/6/18 | Christopher Rugaber
    U.S. employers added a modest 103,000 jobs in March after several months of bigger gains, though the government's jobs report suggests the labor market remains healthy. The Labor Department says the unemployment rate remained 4.1 percent, a 17-year low, for the sixth straight month. Average hourly pay ticked up, climbing 2.7 percent compared with a year earlier.
  • Private payrolls grow by 241,000 in March vs. 205,000 estimate: ADP/Moody's Analytics

    04/04/2018 9:12:00 AM PDT · by SeekAndFind · 4 replies
    CNBC ^ | 04/04/2018 | Jeff Cox
    * Private companies added 241,000 positions in March as employment in construction and manufacturing surged, according to ADP and Moody's Analytics. * The report was well ahead of Wall Street estimates for 205,000 growth and marked the fifth straight month that private payroll growth topped 200,000. * Service providers added 176,000 new jobs while goods-producing industries contributed 65,000. * "The job market is rip-roaring," says Mark Zandi, Moody's Analytics' chief economist. Companies kept up the hiring pace in March, adding 241,000 positions as employment in construction and manufacturing surged, according to a report Wednesday from ADP and Moody's Analytics. Economists...
  • After Eviscerating Laura Ingraham’s Advertisers, David Hogg Has A New Target – A Fast Food Chain

    03/31/2018 8:12:13 PM PDT · by SoFloFreeper · 118 replies
    Daily Caller ^ | 3/30/18
    ....David Hogg, has captured headlines across the country for his calls to boycott Laura Ingraham’s show... Now David Hogg is seeking reparations from one of America’s most beloved fast food chains....went after Arby’s for their advertising on Ingraham’s show. Hogg went as far as to publish the private names and emails of executives at Arby’s to pressure them into pulling their advertisements.
  • Millionaire ranks grew in America the most since 2009

    03/23/2018 12:08:33 PM PDT · by SoFloFreeper · 18 replies
    Fox business ^ | 3/22/18 | By Jade Scipioni
    In a sign of a booming economy under President Donald Trump, a biggest number of U.S. households in almost a decade climbed to millionaire status last year. The number reporting a net worth between $1 million and $5 million, not including primary residences, grew by almost 600,000 last year to nearly 10 million, according to market research and consulting firm Spectrem Group.
  • Tariffs Were Killing New Zealand’s Economy. Free Trade Turned It Around.

    03/22/2018 9:08:44 PM PDT · by Tolerance Sucks Rocks · 29 replies
    The Daily Signal ^ | March 16, 2018 | Patrick Tyrrell and Caleb Pascoe
    The new tariffs announced by President Donald Trump have generated intense controversy. With the debate ongoing, it might be useful to examine how other countries have dealt with similar policy debates in the past. New Zealand now ranks third in The Heritage Foundation’s Index of Economic Freedom and is one of the champions of economic freedom around the world. But it wasn’t always so. In the mid-1980s, New Zealand was facing an economic crisis, with its domestic market and international trade both heavily regulated. Unemployment had reached 11 percent, and inflation was a sky-high 15 percent. In response, the government...
  • Trump's China tariffs aren't crazy

    03/22/2018 11:29:48 AM PDT · by SoFloFreeper · 11 replies
    3/22/18 | R Newman
    ....Most trade experts see little economic justification for those tariffs, and a bevy of loopholes Trump included.... Trump is on firmer ground with his plan to impose tariffs on $50 billion worth of Chinese imports. “The goal is to get China to treat U.S. companies in China the way we treat Chinese companies in our market,” a senior Trump administration official told reporters on March 22. A forthcoming government report, he said, “clearly demonstrates there are unfair practices by China as it relates to their efforts to acquire US technology and to favor their companies over US companies.” Unlike the...
  • Job Openings Hit New Record [semi-satire]

    03/21/2018 9:54:09 AM PDT · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 18 Mar 2018 | John Semmens
    This week the US Bureau of Labor Statistics reported that job openings increased to a record 6.3 million. The number of openings now equals the number of currently unemployed Americans. House Minority Leader Nancy Pelosi (D-Calif) assailed these statistics, saying "this is the economic disaster our Party tried to avert, but the GOP rammed through their tax cut, which as we now see, has created a serious labor shortage. Millions of unemployed Americans will now be pressured into taking jobs they'd rather not do." Pelosi also contended that "these statistics validate the foolishness of the Administration's determination to throttle immigration....
  • Oh No! We are Running Out of People (Well, Not Quite)

    03/20/2018 9:00:29 AM PDT · by SeekAndFind · 6 replies
    Mish Talk Global Economic Trend Analysis ^ | 03/20/2018 | Mike Shedlock
    Barring a recession, it appears the US is running out of people. We aren't. The chart is misleading. The Wall Street Journal asks Is America Running Out of Unemployed People to Fill Jobs? For every job opening in America, there’s now barely more than one unemployed person available to take it. In mid-2015, there were 2.3 million more unemployed people than open jobs. By January, the gap had narrowed to 372,000. Pool of Potential Workers There is a huge pool of workers as shown by the following Advisor Perspectives chart on the Labor Force Participation Rate. In every age group...
  • Job openings surge to a record 6.3 million, Labor Department says

    03/16/2018 9:54:45 AM PDT · by SeekAndFind · 4 replies
    CNBC ^ | 03/16/2018 | Jeff Cox
    Job openings in the U.S. surged to a record 6.3 million, according to the most recent count from the Bureau of Labor Statistics. The number of new positions surged by 645,000 as of the end of January, a new high for the Job Openings and Labor Turnover Survey. The metric gets close attention from Federal Reserve policymakers when gauging the economy and the appropriate monetary policy response. The report suggests slack remains in the labor market, as employers continue to hire and the pool of available jobs grows. Most of the openings came in the private sector, which saw 608,000...
  • Job-Creation Gap Widens Economic Red State-Blue State Divide

    03/16/2018 7:00:31 AM PDT · by SeekAndFind · 37 replies
    PJ Media ^ | 03/16/2018 | Simon Constable
    The U.S. isn’t just politically divided -- it’s also economically divided. New research says the two go hand-in-glove together. There are the haves and the have-nots. Increasingly, the red states, which tend to vote Republican, are trailing far behind the blue states, which tend to vote Democrat, according to a recently published study. Worse still, the divide is getting wider. This economic chasm helps explain president Trump’s rise to power, and why he could hold on to it longer than his detractors think possible. “Generally, red states or the red areas of the country are lagging blue areas for employment...
  • Republic Steel plans restart of plant, bringing back 1K jobs

    03/14/2018 5:52:05 PM PDT · by Libloather · 36 replies
    Idaho Statesman ^ | 3/10/18 | AP
    LORAIN, OHIO Republic Steel says it plans to restart a northeast Ohio steel plant that could bring back more than 1,000 jobs in response to President Donald Trump's tariffs on steel and aluminum imports. The Elyria Chronicle-Telegram reports Republic Steel announced Thursday that it's "positioned" to restart its Lorain facility in the coming months. Plans include restarting its idled electric arc furnace, casters and rolling mills. The Canton-based company said in a news release that it's ready to respond quickly to increased demand for steel in the U.S. The company says with its open capacity at a melt shop in...
  • All that optimism for hot first-quarter economic growth is rapidly fading away

    03/14/2018 1:06:52 PM PDT · by SoFloFreeper · 16 replies
    cnbc ^ | 3/14/18 | Jeff Cox
    Back in late January the Atlanta Fed was calling for a 5.4 percent GDP gain, but on Wednesday it said growth likely will be just 1.9 percent.
  • Trump Tariffs Cost 5 Jobs for Single Job Gained, Analysis Finds

    03/12/2018 10:25:15 AM PDT · by Tolerance Sucks Rocks · 113 replies
    The Daily Signal ^ | March 9, 2018 | Fred Lucas
    The Trump administrationÂ’s new tariffs on steel and aluminum from abroad could result in more than five jobs lost for every single job gained, according to an analysis from a group that advocates free trade.The job losses will be direct and indirect, as price hikes will hit American companies that buy international steel to make screws, wires, and machines, Laura M. Baughman, president of the Trade Partnership, said Friday during a Heritage Foundation event.The Trade Partnership anticipates a net loss of 146,000 U.S. jobs, Baughman said.On Thursday, President Donald Trump announced steel tariffs of 25 percent and aluminum tariffs of...
  • Labor force participation increase is biggest since 2003 as many Americans finally get back to work

    03/09/2018 12:02:28 PM PST · by SeekAndFind · 27 replies
    CNBC ^ | 03/09/2018 | Jeff Cox
    The U.S. economy did more than give jobs to 313,000 in February — it brought nearly three times that amount off the sidelines, where more than 95 million Americans still sit. Inside the glittering nonfarm payrolls report the Bureau of Labor Statistics released Friday were some even more inspiring numbers. Skilled labor positions surged with big increases in construction and manufacturing, which has seen its best three-month period since 1984. On a bigger-picture level, there was even more. The labor force surged by 806,000, the biggest move since September 2003, and now sits just below 162 million. That's due to...
  • Hiring surge adds 313K jobs in February, most in 1 ˝ years

    03/09/2018 5:38:11 AM PST · by RoosterRedux · 47 replies
    abcnews/AP ^ | Christopher Rugaber
    US employers went on a hiring binge last month, adding 313,000 jobs, the most since July 2016, and drawing hundreds of thousands of people into the job market. The Labor Department says wage gains, meanwhile, fell from the previous month to 2.6 percent year-over-year growth. Strong hourly wage growth had spooked markets in February because it raised the specter of inflation. But January's figure was revised one-tenth of a point lower to 2.8 percent. The influx of new workers kept the unemployment rate unchanged at 4.1 percent.