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Keyword: jobs

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  • U2′s Bono: Capitalism is only way to end poverty

    08/13/2013 9:14:18 AM PDT · by SoFloFreeper · 16 replies
    Bizpac Review ^ | 8/12/13
    U2 frontman Bono proves that in the end, intelligence and common sense wins out. In a speech at Georgetown University’s Global Social Enterprise Event, Bono admitted that even he himself finds it hard to accept that he has become a rock star who preaches capitalism, according to The Inquisitr. “Wow; sometimes I hear myself and I just can’t believe it,” he said.
  • Update: Major Trends in New Jobless Claims

    08/12/2013 9:01:07 AM PDT · by Kaslin · 14 replies ^ | August 12, 2013 | Political Calculations
    What's the real story for the overall trend in new jobless claims in the U.S.? It has been several months since we last featured an update of our statistical analysis of the trends in new jobless claims in the U.S., which is mostly by design on our part. When we last left off, the overall trend, which we identified as Trend L, was largely flat, but characterized by extreme volatility, with unusual outliers in the data popping up with an alarming frequency. Some of that was understandable. We saw the state of California mishandle its processing of new jobless claims,...
  • Oil and gas jobs have grown 40 percent since 2007 {chart w/ breakdown}

    08/09/2013 1:45:11 PM PDT · by thackney · 6 replies
    Fuel Fix ^ | August 9, 2013 | Emily Pickrell
    Jobs in the oil and gas sector have grown 40 percent in the last five years, helping to counteract the tepid one percent increase in total U.S. employment. The oil and natural gas industry created more than 162,000 jobs from 2007 to 2012 in drilling, extraction and support services, according to a report by the Labor Department’s Bureau of Labor Statistics released Friday. These new jobs helped build up the ranks of the more than 971,000 people working in the industry in the U.S., including about 379,800 in Texas, according to an April report by The Texas Independent Producers &...
  • Weekly Jobless Claims Edge Up as Labor Market Heals

    08/09/2013 5:28:53 AM PDT · by SeekAndFind · 13 replies
    Daily Finance ^ | 08/08/2013 | Jason Lange
    The number of Americans filing new claims for jobless benefits rose slightly last week but was near its lowest level since before the 2007-09 recession, a hopeful sign for the U.S. economy. Initial claims for state unemployment benefits rose by 5,000 last week to 333,000, the Labor Department said Thursday. Economists polled by Reuters had expected first-time applications to rise to 336,000 last week. Claims were volatile in July due to regular summer auto plant shutdowns which make it hard for the government to adjust the data for seasonal swings. But that volatility is now past, and a Labor Department...
  • Jobless Claims, Mortgage Foreclosures and Eminent Domain in California

    08/08/2013 7:57:54 AM PDT · by whitedog57 · 7 replies
    Confounded Interest ^ | 08/08/2013 | Anthony B. Sanders
    According to the Department of Labor, in the week ending August 3, the advance figure for seasonally adjusted initial claims was 333,000, an increase of 5,000 from the previous week’s revised figure of 328,000. The 4-week moving average was 335,500, a decrease of 6,250 from the previous week’s revised average of 341,750. joblessc080813 Continuing claims rose above the 3 million mark, printing at 3,018,000. This represents an increase from the previous week of 2,951,000. Yet we seem stuck in a continuing claims slump since April. ontjc080823 Consumer confidence? It rose to -23.5, the highest level since early 2008. bcc080813 Delinquent...
  • DOJ files civil suit against Bank of America [Obama Continues To Assault Capitalism]

    08/08/2013 5:16:06 AM PDT · by SoFloFreeper · 30 replies
    CNBC ^ | 8/6/13
    The U.S. government on Tuesday filed two civil lawsuits against Bank of America for what the Justice Department and securities regulators said was a fraud on investors involving $850 million of residential mortgage-backed securities. The Justice Department and the U.S. Securities and Exchange Commission filed the parallel suits in U.S. District Court in Charlotte, according to the court filings. The securities date to about January 2008, the government said, putting them just at the beginning of the global financial crisis.
  • States Where It Is Hardest To Find Full-Time Work

    08/07/2013 8:57:20 AM PDT · by SeekAndFind · 19 replies
    Wall Street 24X7 ^ | 08/07/2013
    Source: Thinkstock As the nation continues to recover from the recession, not only is the unemployment rate down, but the underemployment rate — an important measure of the health of the job market — has been slowly declining as well.In 2012, 14.7% of all people in the workforce either had no job, were too discouraged to go looking, or were not working as much as they wanted. Through the 12 months ending mid-2013, this figure had fallen slightly to 14.3%. But in many states, underemployment remains persistently high. These are the states where it is hardest to find full-time work.Click...
  • Egalitarians Want Us All Poor or Dead

    08/06/2013 7:43:08 PM PDT · by Enza Ferreri · 15 replies
    Enza Ferreri Blog ^ | 7 August 2013 | Enza Ferreri
    I remember that Paola Cavalieri, the editor of the Italian journal Etica e Animali, once said to me: "If human beings have privileges at the expense of nonhuman animal suffering, it would be best if none of them existed: at least we would all be equal". There is a deep truth in that: egalitarianism, taken to its extreme consequences, would lead to total destruction of all sentient life. Being dead is the only state in which we are all equal. Life is diversity itself. I was reminded of that when I heard on the radio a discussion about zero-hours...
  • Core Logic: Los Angeles House Prices Up 21%, Phoenix Up 17% (The West Of The Rockies Rebound)

    08/06/2013 12:28:49 PM PDT · by whitedog57 · 11 replies
    Confounded Interest ^ | 08/06/2013 | Anthony B. Sanders
    According to Core Logic, house prices in Los Angeles rose 20.7% Year-over-year. Phoenix rose 19.8%. Texas cities (Houston, Dallas) were up 10%. clcities Excluding distressed sales, the recovery is largely west of the Rockies and Georgia/Florida. clmap The large year-over-year gains occurred when the 30 year mortgage rate was 3.80% (but has risen since late May to 4.37%). br30080613 Rising mortgage rates and 70% of jobs being created are part-time. Throw in nationally flat-to-falling mortgage purchase applications, and we have an INVESTOR-FUELED HOUSE PRICE RECOVERY. lambs Hope those investors keep buying!!!! Sadly, it is difficult for part-time workers to purchase...
  • Jop Openings Rise To 5 Year High, But Most Are Part-time (Not Good For Homeownership)

    08/06/2013 10:52:45 AM PDT · by whitedog57 · 8 replies
    Confounded Interest ^ | 08/06/2013 | Anthony B. Sanders
    The June JOLTS report, the job openings measure, was expected to print at 3,895,000. It printed at 3,936,000 after a revised print in May of 3,907,000. We are back to the recession job openings level of 2008, but going up instead of down. jolts0806213 That is the highest level in 5 years! Now for the bad news. Bill Gross at PIMCO thinks that the JOLTS print does not equate to 200,000 jobs. More like 125,000. grossjobstweet From Zero Hedge, we get this charming chart. JOLTS June 3 If we look at The House Ways and Means study on job creation...
  • Temp Nation

    08/05/2013 3:24:56 PM PDT · by rightwingerpatriot · 2 replies ^ | August 5, 2013 | RightWingPatriot
    The progressive assault on the American way of life continues under Obama and his anti-capitalist cronies. The latest job numbers continues to show their progress in reducing working Americans into full-time serfs of the State, bereft of individual liberty or choice. While the media lapdogs are proclaiming that the recovery is still going strong and that nearly 200,000 jobs were created in July, the real numbers tell a starkly different story. First, the 200,000 jobs doesn't even keep ahead of population growth. Even some liberal economists (which are a rare species) admit that actual recovery is 350,000 to 500,000 new...
  • 40 Percent Of U.S. Workers Make Less Than What A Full-Time Minimum Wage Worker Made In 1968

    08/05/2013 1:06:53 PM PDT · by SeekAndFind · 27 replies
    TEC ^ | 08/05/2013 | Michael Snyder
    Are American workers paid enough? That is a topic that is endlessly debated all across this great land of ours. Unfortunately, what pretty much everyone can agree on is that American workers are not making as much as they used to after you account for inflation. Back in 1968, the minimum wage in the United States was $1.60 an hour. That sounds very small, but after you account for inflation a very different picture emerges. Using the inflation calculator that the Bureau of Labor Statistics provides, $1.60 in 1968 is equivalent to $10.74 today. And of course the official government...
  • Obama economy: Part-time jobs swamp full-time jobs

    08/05/2013 1:19:57 PM PDT · by matt04 · 12 replies
    House Republicans have crunched the numbers and say that since President Obama took office, the economy has added seven times more part-time jobs than it has created full-time jobs. Since January 2009 the country has added a net total of 270,000 full-time jobs, but it has added 1.9 million part-time jobs, according to the House Ways and Means Committee.
  • New jobs disproportionately low-pay or part-time

    08/05/2013 8:02:22 AM PDT · by TangledUpInBlue · 12 replies
    AP ^ | 8/4/13 | Paul Wiseman
    WASHINGTON (AP) — The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse. A disproportionate number of the added jobs were part-time or low-paying — or both. Part-time work accounted for more than 65 percent of the positions employers added in July. Low-paying retailers, restaurants and bars supplied more than half July's job gain. "You're getting jobs added, but they might not be the best-quality job," says John Canally, an economist with LPL Financial in Boston. So far this year, low-paying industries have provided 61 percent of the nation's job growth,...
  • Part-time jobs account for 97% of 2013 job growth

    08/05/2013 7:40:44 AM PDT · by SeekAndFind · 13 replies
    Hotair ^ | 08/05/2013 | Ed Morrissey
    Being on vacation last week meant that I missed the jobs report for July, which turned out to be as unremarkable as most of those in the four-plus years of the so-called economic recovery. The media reports I did catch while on the cruise focused mainly on the fact that the jobs added in July missed the expectations of analysts, and not on the fact that adding only 162,000 jobs meant another extension of stagnation, as the US economy needs ~150,000 jobs added each month just to tread water, thanks to population growth. That’s not even a decent maintenance number,...
  • July Unemployment: Ben & Barack Poison the Economy

    08/05/2013 7:16:10 AM PDT · by SeekAndFind · 2 replies
    RCM ^ | 08/05/2013 | Louis Woodhill
    <p>The July "Employment Situation" report that came out on Friday provided evidence that our economy is being poisoned by the monetary machinations of Federal Reserve Chairman Ben Bernanke and the tax and regulatory depredations of President Obama.</p> <p>Free-market economies have a natural tendency to grow and thrive. If left alone, they will recover. That the U.S. economy is as sick as it is today, more than four years into Obama's so-called "recovery," suggests that economic foul play is at work.</p>
  • Obama struggles to push ‘Better Bargain’ economic campaign [New video! Prosperity Around Corner!]

    08/05/2013 6:36:29 AM PDT · by SoFloFreeper · 9 replies
    Daily Caller ^ | 8/4/13 | Patrick Howley
    ....The White House released a promotional video for Obama’s “A Better Bargain for the Middle Class” campaign last Wednesday, and Obama devoted his weekly address Saturday to his “better bargain.” The official White House website currently lays out his campaign’s central talking points.....
  • They Call Them Flippers: Low Paying Food Services/Bartenders Jobs Grow, Construction Falls

    08/04/2013 8:33:46 AM PDT · by whitedog57 · 6 replies
    Confounded Interest ^ | 08/04/2013 | Anthony B. Sanders
    Friday’s jobs report from the BLS could have been better. It revealed that 81% of jobs created since March were part-time rather than full-time. Furthermore, there were 988,000 discouraged workers in the United States in July, an increase of 136,000 from July 2012, according to data released today the Bureau of Labor Statistics (BLS). And the mix of jobs created were mostly in low-paying sectors, like food services and drinking places. Retailers led job gains with 47,000, and restaurants and bars added 38,000. All told, four low-paying sectors — retail, restaurants, temporary staffing firms and home health care — accounted...
  • Liberals' Moral Superiority Lets Them Act Inferior in Every Way

    08/04/2013 4:36:52 AM PDT · by Kaslin · 12 replies ^ | August 4, 2013 | John Ransom
    Robert wrote: Powerful: your radio show. Pitiful: not being able to listen to a recent show of yours online, when life keeps you from listening to it live. Or have I just not managed to find the proper webpage? Please help? Dear Robert, That’s very nice of you to say. For folks who don’t listen to the show, on Thursdays we play clips of politicians saying things, like when Elbert Guillory changed parties, or when Obama’s press Jester Jay Carney said that Benghazi was a long time ago, and I judge them either “powerful” or “pitiful.” You might guess where...
  • Report: Poverty In Williamson County Tripled (Texas)

    08/03/2013 3:16:20 PM PDT · by bgill · 73 replies
    KEYE TV ^ | Aug 1, 2013 | Fred Cantu
    The U.S. Census finds that the number of people in poverty in Austin's suburbs more than doubled in the last decade -- up a whopping 142 percent. Meanwhile, Williamson County started off with 11,735 people living in poverty in 2000 and ended up with 34,069 by 2010. That figure includes a lot of working poor. People who perhaps accepted a limited time offer of a job and a place to live. And others lost their job altogether in the economic downturn of 2008.