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Keyword: jobs

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  • Entrepreneurship up 60 percent in U.S. since last year [Pravda! Alert]

    11/29/2012 4:47:43 AM PST · by SoFloFreeper · 14 replies
    Washington Post ^ | November 29, 2012 | Mohana Ravindranath
    Entrepreneurial activity is up 60 percent in the United States over last year, reaching its highest level since 2005, according to a new report. About 12.3 percent of U.S. adults —around 29 million —are involved in entrepreneurial activity, the 2011 Global Entrepreneurship Monitor issued by Babson College and Baruch College reported. This rise marks the the first uptick in Americans starting or running new businesses since 2008.
  • Federal jobless benefits could vanish

    11/29/2012 12:51:58 AM PST · by Cincinatus' Wife · 11 replies
    San Francisco Chronicle ^ | November 28, 2012 | Kathleen Pender
    Talk about a hard landing: About 2 million Americans, including 400,000 in California, will abruptly lose their unemployment benefits after December unless Congress votes to continue federal funding for extended benefits. ....About 2.1 million of the 5 million Americans receiving jobless benefits are on a federal extension that will end after Dec. 29, even if they have weeks remaining in their federal claim, according to Maurice Emsellem of the National Employment Law Project. "It's a hard cutoff," he said. "There is no phaseout,".... Congress has renewed extended benefits 10 times since the current round started in June 2008. At its...
  • White House adding My2K hashtag to fiscal cliff [Let's Push Back on this CRAP]

    11/28/2012 4:46:12 AM PST · by SoFloFreeper · 22 replies
    Boston.com ^ | November 28, 2012
    Obama is introducing a new hashtag to the fiscal cliff debate. The White House plans to promote (hashtag)My2K on Twitter and other social media — a reference to the estimated $2,200 tax increase that a typical middle-class family of four would see if the Bush tax cuts expire. Obama is holding an event with middle-class Americans on Wednesday and urging the public to press Congress to protect tax cuts for families earning $250,000 or less. The president is also meeting with corporate executives at the White House on Wednesday and then traveling to Pennsylvania on Friday to push for upper...
  • House GOP plans public push against tax hikes on businesses [Good!]

    11/28/2012 3:35:47 AM PST · by SoFloFreeper · 20 replies
    THE HILL ^ | November 27, 2012 | Russell Berman
    President Obama won’t be the only one hitting the campaign trail to push his deficit plan to avert the fiscal cliff. House Republicans are planning their own campaign-style events to argue against Obama’s insistence on higher tax rates for the wealthy, Speaker John Boehner’s office said Tuesday. As they have repeatedly, Republicans are targeting their message to small businesses, arguing that an increase in the marginal income rate over $250,000 a year will hit small-business owners who file as individuals.
  • "FA$T CA$H: Easy Credit & the Economic Crash" - (Music Video by Dorian Electra)

    11/27/2012 2:45:56 AM PST · by SoFloFreeper · 2 replies
    youtube ^ | 11/26/12 | Dorian Electra
    A cautionary tale about monetary stimulus in a catchy pop-song!
  • Skills Don’t Pay the Bills

    11/26/2012 9:40:40 AM PST · by ksen · 69 replies
    The New York Times ^ | 11/20/2012 | Adam Davidson
    Eric Isbister, the C.E.O. of GenMet, a metal-fabricating manufacturer outside Milwaukee, told me that he would hire as many skilled workers as show up at his door. Last year, he received 1,051 applications and found only 25 people who were qualified. He hired all of them, but soon had to fire 15. Part of Isbister’s pickiness, he says, comes from an avoidance of workers with experience in a “union-type job.” Isbister, after all, doesn’t abide by strict work rules and $30-an-hour salaries. At GenMet, the starting pay is $10 an hour. Those with an associate degree can make $15, which...
  • The Great American Mismatch. Plenty of Manufacturing jobs, too few people with the necessary skills

    11/26/2012 7:12:46 AM PST · by SeekAndFind · 88 replies
    National Review ^ | 11/26/2012 | Jillian Kay Melchior
    In September, 238,000 American jobs went unfilled, despite employers’ best efforts. At the same time, unemployment was at 7.8 percent nationally. And believe it or not, this was no statistical oddity. The manufacturing sector has long had trouble finding skilled applicants for its jobs. Around 48 percent of manufacturing companies are looking to hire, according to the most recent report from ThomasNet, a company that helps connect producers and suppliers. But 67 percent of manufacturing companies see a moderate to severe shortage of skilled workers, and last year, as many as 600,000 jobs went unfilled, according to a report from...
  • Doubt of the benefit: Why increasing unemployment aid is prolonging the recession

    11/26/2012 7:04:08 AM PST · by SeekAndFind · 6 replies
    New York Post ^ | 11/26/2012 | CASEY B. MULLIGAN
    More families used food stamps this past Thanksgiving than ever in history, while Congress is pushing to extend benefits — again — for the longterm unemployed. But what if such aid isn’t helping us weather the recession, but instead prolonging it? The White House, and other believers in Keynesian policy refer to subsidies to the unemployed, poor and financially distressed as “automatic stabilizers” and insist that subsidies have a large positive effect on national income. Yet when the subsidy spigots were opened wide in 2008 and 2009, labor market activity contracted sharply, and stubbornly refuses to rebound. It is time...
  • Obamacare will make us a part time nation

    11/23/2012 2:14:57 PM PST · by SeekAndFind · 78 replies
    American Thinker ^ | 11/23/2012 | Rick Moran
    There are already 8 million Americans working part time who want to work full time. It seems likely that number will skyrocket once Obamacare is implemented. An Obamacare supporter is as stupid as the Democrats who passed the legislation in the first place: ******** When my better half told me that her boss was thinking about cutting all full-time employees to part time in order to avoid the Patient Protection and Affordable Care Act insurance requirements (for full-time employees), my initial response was, "Surely the federal government wouldn't have allowed such a blatantly obvious way of getting out of the...
  • Union Fail: Walmart Reports Record Sales

    11/23/2012 10:41:43 AM PST · by SoFloFreeper · 65 replies
    Brietbart ^ | 11/23/12 | Ben Shapiro
    Despite union efforts to target retailers like Walmart, businesses are reporting record Black Friday traffic – the biggest sign yet that the unions are out of touch with the American people. Starting at 8 p.m. on Thanksgiving, Walmart put its products on Black Friday sale, sparking a run to the stores and earning the stores record sales.
  • Daily Job Cuts

    11/23/2012 9:52:47 AM PST · by SoFloFreeper · 7 replies
    Daily Job Cuts ^ | November 23, 2012
    November 23 , 2012 Gol Brazilian Airlines - 850 Tata Steel ( International ) - 900 PNC Financial in Houston - 33 Madison-based radio station WTDY - Some Layoffs November 22 , 2012 Southwestern Vermont Health Care - Layoffs Expected Advance Auto Parts Andersonville - 80 United Technologies Corp - 42
  • Stuck in a Rut: Mortgage Applications Drop 2.2%, Initial Jobless Claims Remain Above 400k

    11/21/2012 10:36:08 AM PST · by whitedog57 · 6 replies
    Confounded Interest ^ | 11/21/2012 | Anthony B. Sanders
    According to the Mortgage Bankers Association (MBA), mortgage applications dropped 2.2% from the previous week. Mortgage purchases applications rose 2.66% while refinancing applications fell by 3.24%. Purchase applications remain in “the red zone” since 2010 and far below the heady days of 2007. Those are the seasonally adjusted numbers. On a non seasonally adjusted basis, purchase applications actually fell 11.27% and refinancing applications fells 12.91%. Low mortgage rates enable by Fed easing are of little help if credit standards remain elevated. And a stumbling employment market doesn’t help. Initial jobless claims remain above 400k. While there is a temptation to...
  • Proposed 'mega-dairy' may close before opening (Illinois)

    11/21/2012 9:42:06 AM PST · by KeyLargo · 13 replies
    chicagotribune.com ^ | Nov 20, 2012 | Robert McCoppin
    chicagotribune.com Proposed 'mega-dairy' may close before opening Four-year legal fight nears end with California businessman dropping plans for site near Galena By Robert McCoppin, Chicago Tribune reporter 11:15 PM CST, November 20, 2012 A controversial plan to build the largest dairy in Illinois has been put out to pasture, state officials announced Tuesday. The Illinois attorney general's office announced a proposed settlement in which the owners of the 5,500-head dairy planned near Galena will clean up and leave, to the joy of local opponents. "We've agreed they would not seek permitting to allow the dairy, and they've decided to dismantle...
  • The 12 Companies Paying Americans the Least (But you might have to work for them in this economy)

    11/21/2012 9:10:13 AM PST · by SeekAndFind · 30 replies
    Wall Street 24X7 ^ | 11/21/2012 | Trey Thoelcke, Michael Sauter, Alexander E. M. Hess and SamuelWeigley
    The gap between rich and poor is well illustrated by the large multi-billion dollar corporations employing thousands of low-wage workers. With the Great Recession over, not only are many of these companies now hitting record profits, but their executive pay remains spectacularly high. Meanwhile, according to a report released by the National Employment Law Project, the current federal minimum wage the workers are often paid, is worth 30% less than it was in 1968 in terms of purchasing power. Two-thirds of low-wage workers — those that are paid less than $10 an hour — are employed by large corporations with...
  • 95,000 laid off since the election.

    11/20/2012 7:48:08 PM PST · by null and void · 20 replies
    Various, mostly Daily Job Cuts ^ | 11/20/12 | null and void
    Since the election: (Updated 11/20/12 at 7:30 PM PST)Layoff numbers Organization # Laid off Running total Sector Notes AGC 70 70 Glass fabricator Plant closure Advanced Auto Parts 80 150 Automotive Airship Ventures 45 195 Entertainment Closure AMD 400 595 Electronics American Coal 54 649 Energy American Cotton Growers 110 759 Agriculture Ameridose 790 1549 Health Art Gallery of Windsor 12 1561 Art Gallery Canada Associated Milk Producers Inc 130 1691 Agriculture AT&T 71 1762 Telecommunications Operators ATI 172 1934 Education ATK Missile Products Div 50 1984 Defense RIF Atlantic Club 80 2064 Gaming Atlantic Lotto Corp 16 2080 Gaming...
  • GE Healthcare to Eliminate 2 Percent of Jobs in Wisconsin

    11/20/2012 5:27:09 PM PST · by FreeAtlanta · 11 replies
    hispanicbusiness.com ^ | Nov 19, 2012 | Rick Barrett
    GE Healthcare said Friday it is cutting 2 percent of its jobs in Wisconsin, where it has 6,500 employees, and 10 percent of its workforce in Vermont, where it employs about 500 people. The Waukesha-based medical equipment manufacturer said it needs to make "tough decisions in the current economic climate" and was looking for ways to streamline its operations and lower costs. "This will reduce complexity, speed up decision making and help us become more accessible to our customers," said GE spokesman Benjamin Fox. "It also addresses the continued economic challenges in Europe and the U.S., and it will position...
  • Is Thirty the new Fifty? (With ObamaCare in the wings, the 30 hour work week will be new normal)

    11/20/2012 7:20:55 AM PST · by SeekAndFind · 30 replies
    American Thinker ^ | 11/20/2012 | Scott Mayer
    With ObamaCare in the wings, the traditional forty- or fifty-hour work week will soon be replaced with a less than thirty-hour week for many American workers. To wit: many businesses, including ones that previously received ObamaCare waivers, are trying to avoid paying onerous fines for not providing employees with health coverage as mandated by the new law. President Obama recently said that he won't allow the budget to be "balanced on the backs of the middle class." He sure did give the appearance of truly caring about these "folks," but he failed to disclose the fact that, even if taxed...
  • Orlando Health to cut record number of jobs to save money [Obamanomics Strikes Again!]

    11/19/2012 4:22:39 PM PST · by SoFloFreeper · 14 replies
    Orlando Sentinel ^ | 11/19/12 | Marni Jameson
    For the first time in its nearly 100-year history, Orlando Health is reducing its workforce by up to 400 positions starting immediately, hospital officials announced this morning. The elimination of 300 to 400 jobs will occur in two phases, and represents a 2- to 3-percent decrease in the system's 16,000 employees, said Orlando Health spokeswoman Kena Lewis. The reductions affect all departments and all eight of its hospitals, including Orlando Regional Medical Center and Arnold Palmer Hospital for Children. The first wave of employees affected by the "labor expense reduction" portion of the initiative received their notices Friday, said Lewis....
  • Senator Denies Possibility that Regulations Could Cost Jobs

    11/19/2012 11:41:28 AM PST · by John Semmens · 10 replies
    Semi-News/Semi-Satire ^ | 16 Nov 2012 | John Semmens
    Encouraged by the recent election results, Senate Majority Leader Harry Reid (D-Nev) boasted that “the Republicans’ contention that excessive government regulation causes increased unemployment has been convincingly refuted by voters.” “Of course, the GOP’s arguments were ludicrous from the beginning,” Reid maintained. “If we pass new regulations the government has to hire more people to enforce them. That means more jobs. Companies have to hire more people to ensure they comply with the regulations. That means more jobs. The regulations are kind of like a scissors cutting into unemployment from both sides.” The possibility that more regulations could boost the...
  • EPA's Regional Administrators Love Activism, Litigation

    07/03/2012 3:20:31 PM PDT · by jazusamo · 13 replies
    National Legal & Policy Center ^ | July 3, 2012 | Paul Chesser
    The suspicions of Oklahoma Sen. James Inhofe were correct: Rather than sitting before the House Energy and Commerce Committee three weeks ago to explain theways he “crucified” oil and natural gas companies, insteadAl Armendariz – who cancelled his appearance at the last minute – met with the Sierra Club for a job interview. This time the recently resigned EPA’s Region 6 administrator will eagerly attack another fossil fuel, joining the litigious environmental group as part of its “Beyond Coal” campaign. If there was any question that Armendariz unfairly regulated the gas and oil businesses under his authority in Texas, Oklahoma,...
  • Twinkie Tribute

    11/17/2012 7:57:46 AM PST · by Alex Baker · 20 replies
    RealityBatsLast ^ | November 16, 2012 | Jess Jones
    I hope you all have a moment for a laugh - and a cry. This article is funny and at the same time very sad as an indicator of the future of business as unions and taxes prepare to run wild. The post is an exerpt - but you must look at the three videos posted at "Reality" in tribute to the lost 18,000 jobs in america... Our perception of the insidious slide from freedom to tyranny powered by a democratic system which ignores constitutional limits can best be described as that of a slowly boiling frog. It is important...
  • Obama's Economy: What We've Learned Since Re-election

    11/17/2012 4:06:27 AM PST · by IBD editorial writer · 29 replies
    Investor's Business Daily ^ | 11/16/2012 | IBD Staff
    Obama II: In the "now they tell us" file, add a vast array of reports that have come out since the election showing just how weak the economy really is. Looks like the president will need a new scapegoat soon. Here's just a sampling of what we've learned since voters decided to give Obama four more years to "experiment" with the economy.
  • The Importance of a College Degree

    11/16/2012 4:53:26 PM PST · by a5478 · 38 replies
    Schiff Radio-Youtube.com ^ | 11/18/2012 | Schiff Report
    President Obama promotes the myth that everyone must go to college. That if you don't go, your life will be ruined -- that you will end up waiting tables, or trapped in some other mundane occupation. The truth is, even with a college degree, you may still end up waiting tables, you'll just begin your "career" four or five years later, tens of thousands of dollars in debt. Here is an example of some of the plumb jobs college grads were able to land during the Obama administration. Not just liberal arts majors mind you, but graduates with degrees in...
  • Two More Stimulus-Backed Solar Companies Announce Layoffs

    11/16/2012 4:13:56 PM PST · by knak · 7 replies
    heritage ^ | 11/16/12 | markay
    A pair of foreign-owned solar companies that benefited from a combined $84 million in Energy Department tax credits have announced they will lay off employees. One of the companies, German-owned SolarWorld, was integral in the fight for tariffs against the importation of Chinese photovoltaic solar panels. The other, Chinese company SunTech, blamed those tariffs for its own layoffs. Both companies benefited from the Energy Department’s stimulus-funded Advanced Energy Manufacturing (48C) Tax Credit. The 48C credit is worth up to 30% of the cost of manufacturing qualifying green energy projects. SolarWorld received a credit worth $82 million, while SunTech’s was worth...
  • Former Hostess workers in Rocky Mount 'relieved' at plant closing (Can't get much dumber)

    11/16/2012 2:14:27 PM PST · by tobyhill · 249 replies
    NBC 17 ^ | 11/16/2012 | JUSTIN QUESINBERRY
    Several former workers at a Hostess Brands plant in Rocky Mount said Friday they were relieved after the company filed for bankruptcy, seeking to close its operations. The closings will mean the loss of about 18,500 jobs overall. “They’ve been holding this over our head for a long time and now it’s here,” said Lamont Phillips, an oven operator and the president of the local union. “They had to do it. “I don’t have to deal with that anymore. The things that they were trying to do to us, it wasn’t fair. “They always hold that over our heads, that...
  • Thousands Of LAX Workers Set For Walkout On Thanksgiving Eve

    11/16/2012 12:56:08 PM PST · by BenLurkin · 21 replies
    CBSLA.com) ^ | November 16, 2012 8:34 AM
    LOS ANGELES (CBSLA.com) — Employees at Los Angeles International Airport were considering plans on Friday to walk off the job ahead on what is traditionally the busiest traveling day of the year. A coalition of Southland labor and community leaders are calling for the protest of alleged violations by LAX contractor Aviation Safeguards (AVSG) after breaking their contract with the airport earlier this year. Andrew Gross-Gaitan, the director of the Southern California Airports Division of SEIU, told KNX 1070 NEWSRADIO that AVSG over 400 LAX workers without affordable family health care when it failed to comply with the city’s Living...
  • Wal-Mart workers plan Black Friday walkout

    11/15/2012 4:08:36 PM PST · by Nachum · 167 replies
    Click Orlando ^ | 11/15/12 | Emily Jane Fox
    NEW YORK (CNNMoney) - A group of Wal-Mart workers are planning to stage a walkout next week on Black Friday, arguably the biggest holiday shopping day for the world's largest retail store. The walkout builds on an October strike that started at a Wal-Mart in Los Angeles and spread to stores in 12 other cities. More than 100 workers joined in the October actions. One of the workers who plans to join next week's walkout is William Fletcher, who works at a Wal-Mart in Duarte, Calif.
  • Daily Job Cuts.com

    11/16/2012 6:23:30 AM PST · by Pride_of_the_Bluegrass · 7 replies
    Daily Job Cuts ^ | Web Blog
    A web site posting daily plant closures, layoffs, and Bank Failures. Good reference site
  • How's That Obamacare Waiver Workin' Out for Ya?

    11/16/2012 4:00:12 AM PST · by Kaslin · 31 replies
    Townhall.com ^ | November 16, 2012 | Michelle Malkin
    Exactly two years ago this week, the Obama administration announced it had issued more than 100 waivers en masse to a select group of companies, unions and other health insurance providers seeking relief from the onerous federal health care law. The Obamacare waiver winner's club now totals 2,000. Where are they now? Answer: In the same miserable boat as every other unlucky business struggling with the crushing costs and burdens of the mandate. Among the first and most prominent recipients of the Obamacare waivers for favors were large restaurant chains that provide low-wage, seasonal and part-time workers with low-cost health...
  • CCAC cutting hours to avoid health-care mandate

    11/15/2012 9:08:45 PM PST · by knak · 38 replies
    Community College of Allegheny County will trim hours for about 400 of its part-time workers to avoid having to provide them with health insurance coverage, the school's president, Alex Johnson, said Thursday. Mr. Johnson told members of Allegheny County Council that complying with the requirements of the federal Affordable Care Act, informally known as Obamacare, would have cost CCAC $6 million annually for part-timers who have been working at least 30 hours per week. Affected employees include both adjunct faculty and maintenance workers. CCAC has an annual operating budget of about $110 million and is facing reductions in county support...
  • Blue collar comeback: Part two

    11/15/2012 8:58:52 PM PST · by count-your-change · 16 replies
    WLFI ,COM 18 ^ | 11/15/2012 | Krista Henery
    President and CEO of Greater Lafayette Commerce Joe Seaman said there is a sea of manufacturing opportunities in this region of Indiana. However, with the opportunities there comes what employers call a major 'skills gap.' "The biggest challenge we've had is finding the skilled labor to fill those jobs," Seaman said...... One of the solutions to this problem has been a collaborative effort between the city of Lafayette, Tippecanoe County, WorkOne, dozens of manufacturers and Ivy Tech.
  • Harry Reid: Regulations have nothing to do with killing jobs

    11/15/2012 6:09:04 PM PST · by SeekAndFind · 64 replies
    Hotair ^ | 11/15/2012 | Mary Katherine Ham
    Sen. Harry Reid, in a floor speech Tuesday: Republicans "have yet to produce a single shred of evidence that the regulations they hate so much do the broad economic harms they claim. That's because there is none," said Reid, the Senate majority leader from Nevada.In a Senate speech, Reid said the Bureau of Labor Statistics has concluded "only a tiny fraction of layoffs have anything at all to do with tighter regulation.""Last year, only three-tenths of 1 percent of people who lost their jobs were let go principally because of government regulation or intervention," Reid said. "On the other hand,...
  • Banks told by Fed to test for 12% unemployment

    11/15/2012 3:47:54 PM PST · by Obadiah · 30 replies
    Market Watch ^ | 11/15/2012 | Ronald D. Orol
    The Federal Reserve is asking 30 big banks to make sure their capital can withstand a deep recession in which the unemployment rate rises to 12%. The Fed, which first required big banks to conduct “stress tests” in 2009, laid out three scenarios lenders have to test against. The goal is to ensure that the firms have enough capital to continue operations during stressful economic times.
  • Just a few of the layoffs in the past 48 hours

    11/15/2012 3:15:14 PM PST · by yorkie · 31 replies
    Multiple sources | 11/15/12 | Vanity
    SMITHFIELD FOODS - 120(+400)- http://www.washingtonpost.com/../..c_story.html CUMMINS - 1,500 - http://indianapublicmedia.org/../..rkers-40137/ HARTMARX - 567 - http://www.chicagotribune.com/../..104523.story ENERGIZER - 1,500 - http://www.fool.com/investing/../..-jumped.aspx XEROX - 2,500 - http://www.ksdk.com/news/artic../..0-employees- PIERCE MANUFACTURING - 325 - http://www.bizjournals.com/tam../..-pierce.html PANASONIC - 10,000 - http://news.cnet.com/8301-1001../..n-to-health/ TEXAS INSTRUMENTS - 1,700 - http://money.cnn.com/2012/11/1../..nts-layoffs/ NBC UNIVERSAL - 500 - http://www.hollywoodreporter.c../..ersal-389572 BECHTEL POWER PLANT - 277 - http://www.bizjournals.com/sou../..-of-277.html STRYKER CORP. - 1,170 - http://www.examiner.com/articl../..-200-workers APPLEBEES -massive layoffs - http://www.examiner.com/articl../..nd-obamacare
  • Why The U.S. Job Market Remains Terribly Bleak

    11/15/2012 2:33:25 PM PST · by SeekAndFind · 12 replies
    Forbes ^ | 11/15/2012 | John Goodman
    Full time work is about to get scarcer. The reason? By hiring part-time workers who put in less than 30 hours per week, employers can avoid a mandate dictated by the new health reform law: either provide expensive health insurance or pay a fine equal to $2,000 per worker. Avoiding the mandate becomes even more attractive for low-wage employees, since they can get highly subsidized insurance in the newly created health insurance exchanges. Clearly the Affordable Care Act (ObamaCare) is a major factor holding back economic recovery. But it’s not alone. Other public policies enacted during the Obama administration’s first...
  • The Reality of Economic Decline Surfaces After Obama's Reelection

    11/15/2012 1:31:29 PM PST · by whitedog57 · 9 replies
    Confounded Interest ^ | 11/15/2012 | Anthony B. Sanders
    Initial jobless claims rose to 439,000, their highest level since May 2011. And no, it isn't due to SuperStorm Sandy. Rather, it was increases in Ohio and Pennsylvania that led the surge. Continuing jobless claims spiked as well, their highest point since March 2012. Meanwhile, the Empire State Manufacturing Survey of General Businesss Conditions improved from -6.16 in October to -5.22 in November. The Philadelphia Fed Business Outlook of General Conditions fell to -10.7 from an October reading of +5.7. Meanwhile, The Dow Jones Industrials continue their post election slide. Oogh!
  • Now Hiring Bachelor’s?

    11/15/2012 12:58:53 PM PST · by eagleye85 · 11 replies
    Eagleye Blog ^ | November 15, 2012 | Bethany Stotts
    As recently reported by USA Today, one third of millennials have earned four-year degrees. In my previous blog entry I discussed the financial perils facing these students, who often graduate unable to find a job in their major (unemployed or underemployed) and saddled heavily with debt. However, it looks like the job market for those with Bachelor’s degrees is creeping upward somewhat, according to a new report issued by Michigan State University (pdf). “The new college labor market inches ahead with a 3 percent gain over last year across all degrees,” it states. “Strong demand for marketing, finance, human resources,...
  • President Obama Is Why Investors Aren’t Buying Stocks: Schoenberger

    11/15/2012 11:07:59 AM PST · by John W · 19 replies
    Yahoo Finance ^ | November 15, 2012 | Jeff Macke
    "President Obama; that's why people aren't buying stocks," says Todd Schoenberger, managing principal at The BlackBay Group. 1. Companies aren't going to hire with the increased expenses associated with Obamacare 2. People aren't going to have money for discretionary spending when taxes going up for the 1% 3. Small business owners won't expand 4. Higher tax rates for individuals making over $250,000 a year will result in a general lack of ambition.
  • Wake Forest Baptist Hospital to eliminate 950 jobs

    11/15/2012 10:12:18 AM PST · by Arthurio · 12 replies
    10:07 am - November 15, 2012 — Updated: 10:07 am - November 15, 2012 Wake Forest Baptist Hospital to eliminate 950 jobs Associated Press WINSTON-SALEM — Wake Forest Baptist Medical Center says it will lay off 76 employees this week and cut a total of 950 jobs by the end of June. Chief executive Dr. John McConnell said Wednesday most of the cuts are administrative positions, but some faculty members could lose their jobs due to cuts in federal research funding.
  • TI Cuts 1,700 Jobs, Exits Mobile Chip Market

    11/15/2012 10:10:49 AM PST · by Arthurio · 11 replies
    By Paul McDougall InformationWeek November 15, 2012 11:37 AM Texas Instruments said it will lay off about 1,700 workers, or about 5% of its total workforce, as part of a restructuring that will see it exit the market for mobile chips that power smartphones and tablets, including Amazon's Kindle Fire. The company said it would instead focus its OMAP (Open Multimedia Applications Platform) business on embedded systems that power business tools and other products that don't evolve as rapidly as mobile gadgets.
  • Hostess to liquidate if bakers' strike continues through Thursday (18,000 jobs)

    11/14/2012 4:45:23 PM PST · by tobyhill · 218 replies
    cnn money ^ | 11/14/2012 | By James O'Toole
    Hostess Brands said Wednesday that it will go into liquidation unless bakers striking in protest against a new contract imposed in bankruptcy court return to work by the end of the day Thursday. "We simply do not have the financial resources to survive an ongoing national strike," Hostess CEO Greg Rayburn said in a statement. The liquidation would result in Hostess' nearly 18,000 workers losing their jobs. The bakers' union represents around 5,000. The union did not immediately respond to a request for comment Wednesday, but has called the concessions demanded in the new contract "outrageous." "Our members are on...
  • Minnesota employers cut 8,100 jobs in October

    11/15/2012 10:08:57 AM PST · by Arthurio · 43 replies
    Minnesota employers cut 8,100 jobs statewide in October, by far the worst monthly job report of the year. A massive positive revision to the September numbers helped offset the loss, but the state’s employment and economic development agency, DEED, reported major losses in administrative support and lower-paid business services jobs, which shed 4,800 jobs. State government lost 1,900 jobs, mostly in education, and durable goods manufacturing lost 800 jobs. “Employment data for October does certainly reinforce the concerns we’ve expressed here, that the recovery, while it does continue, is a fragile one,” said Steve Hine, DEED’s labor market economist. “We’ll...
  • Jobless benefit claims skyrocket in week

    11/15/2012 10:07:07 AM PST · by Arthurio · 23 replies
    WASHINGTON, Nov. 15 (UPI) -- The U.S. Labor Department Thursday said first-time jobless benefits claims rose by 78,000 in the week ending Saturday. Initial claims jumped out of a relatively comfortable 355,000 claims -- the third lowest week since the recession ended in June 2009 -- to 439,000 with the four-week rolling average up 11,750 to 383,750. The weekly figure has been volatile of late -- rising by 46,000 one week in mid-October, for example, but a one-week jump of 78,000 is a clear setback. First time claims have not been this high since the week of April 30, 2011....
  • Surprise! Jobless Claims Up 78,000 Week After Election; PA, OH Worst Hit

    11/15/2012 9:57:03 AM PST · by Free ThinkerNY · 43 replies
    Big Government ^ | Nov. 15, 2012 | Joel B. Pollak
    The Department of Labor has announced that new jobless claims rose by a staggering 78,000 in the first week after the election, reaching a seasonally-adjusted total of 439,000. Over the past year, and in the weeks leading up to the election, jobless claims were said to be declining, dipping as low as 339,000, with the media proclaiming that they had reached the "lowest level in more than four years." Now, suddenly, the news seems far less rosy. From the Department of Labor press release this morning: In the week ending November 10, the advance figure for seasonally adjusted initial claims...
  • The Hopium Is Now Depleted

    11/15/2012 6:57:19 AM PST · by Pride_of_the_Bluegrass · 11 replies
    Zero Hedge ^ | 11-15-2012 | Tyler Durden
    Hope - it appears - peaked at the start of the year in the US, following the global coordinated central bank pump which ramped it from lows to highs within a few months. All that hope - and then some - has now apparently faded. The General Business Conditions expected six months forward dropped to its lowest level since March 2009. What is perhaps worse, given the focus on jobs jobs jobs, is that for the first time since April 2009, the employment outlook for employment turned negative - suggesting firms are looking to reduce employees at the fastest rate...
  • Wealthy Dump Assets Amid Worries About Going Over 'Cliff'

    11/13/2012 7:54:41 PM PST · by ilovesarah2012 · 23 replies
    cnbc.com ^ | November 12, 2012 | Robert Frank
    For many of the wealthy, 2012 is becoming a good year to sell. They're worried about the "fiscal cliff," which is when tax cuts expire and spending cuts are set to go into effect at the end of the year. Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year. Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save...
  • 45,000 laid off since the election

    11/13/2012 7:04:30 PM PST · by null and void · 49 replies
    Since the election: (Updated 11/13/12 at 7:00M PST)Layoff numbers Organization # Laid off Running total Sector Notes AMD 400 400 Electronics American Coal 54 454 Energy Ameridose 790 1244 Health Art Gallery of Windsor 12 1256 Art Gallery Canada Associated Milk Producers Inc 130 1386 Agriculture ATI 172 1558 Education Atlantic Club 80 1638 Gaming Atlantic Lotto Corp 16 1654 Gaming Bartikowsky Jewelers 25 1679 Retail Business closure Bayou Cane 7 1686 Government Firefighters Brake Parts LLC 75 1761 Automotive Bristol-Myers Squibb 479 2240 Health Career Education Corp 900 3140 Education Caterpillar 100 3240 Construction Eq Center for Hospice and...
  • The Obamacare Nightmare Comes True

    11/13/2012 1:39:42 PM PST · by Kaslin · 52 replies
    Rush Limbaugh.com ^ | November 13, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: A bunch of CEOs are in Washington. These people are beside themselves. They're having to hire outside consultants to pore through the Obamacare legislation and advise them, tell them what they have to do to comply. And they are asking for some kind of relief. You've got John Schnatter at Papa John's pizza, the Applebee's people and a number of other restaurant chains are saying, "We have no choice." If they're gonna keep our products priced where they are, which is the price they've all determined is the most sensible for profit stability and affordability for customers,...
  • The Obamacare Nightmare Comes True (cost to businesses)

    11/13/2012 1:46:53 PM PST · by NYer · 3 replies
    Rushlimbaugh.com ^ | November 13, 2012 | Rush Limbaugh
    RUSH: A bunch of CEOs are in Washington. These people are beside themselves. They're having to hire outside consultants to pore through the Obamacare legislation and advise them, tell them what they have to do to comply. And they are asking for some kind of relief. You've got John Schnatter at Papa John's pizza, the Applebee's people and a number of other restaurant chains are saying, "We have no choice." If they're gonna keep our products priced where they are, which is the price they've all determined is the most sensible for profit stability and affordability for customers, they're gonna...
  • NBCUniversal Cuts About 500 Employees [Less Than One Week After Election!]

    11/12/2012 9:06:06 PM PST · by Steelfish · 27 replies
    LA Times ^ | November 12, 2012 | Meg James
    NBCUniversal Cuts About 500 Employees NBC Studios in Burbank. Parent company NBCUniversal is cutting about 500 jobs By Meg James November 12, 2012 In a round of year-end belt tightening, NBCUniversal is cutting about 500 employees, or about 1.5% of its total workforce. The cuts are distributed throughout the media company, which boasts nearly 30,000 employees, according to a person close to the situation who asked not to be identified discussing the sensitive topic. Some of the layoffs have already occurred. Two months ago, "The Tonight Show with Jay Leno" eliminated about two dozen of its crew in an effort...