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Keyword: jobs

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  • Jobs Outlook Even More Dismal for the Young

    02/10/2014 12:46:54 PM PST · by SoFloFreeper · 30 replies
    Fox Business ^ | 2/7/14 | Kate Rogers
    While Friday’s jobs report was certainly dismal with employers only adding 113,000 jobs in January, the hiring picture for teens is also looking bleak. January’s report saw unemployment among young workers ages 20 to 24 years-old at 11.9%, compared to the national unemployment rate of 6.6%, according to the Department of Labor. Corie Whalen, spokesperson for Generation Opportunity, an advocacy group for economic opportunity among young adults, says government regulation is the main obstacle this age group faces when it comes to finding a job. The group says 18 to 29 years olds face an unemployment rate of 11.3%, close...
  • Lawmakers Poised To Continue Corporate Welfare Fund

    02/10/2014 11:31:07 AM PST · by MichCapCon
    Capitol Confidential ^ | 2/8/2014 | Jack Spencer
    The state Legislature is considering giving more funding to a program that only delivers 19 percent of the jobs it claims to have created. Legislation is on the House floor that would increase the 21st Century Jobs Fund, a corporate welfare program created under former Gov. Jennifer Granholm. Many House Republicans and Democrats oppose the seven-bill package, or aspects of it. Getting enough votes to pass the bills and send them to the Senate could be tough, but the thread of opposition preventing that from happening could soon prove very thin. If the legislation reaches the Senate, passage seems highly...
  • It Sucks to Be an American: Welcome to the New Normal, comrades.

    02/10/2014 9:12:21 AM PST · by SeekAndFind · 13 replies
    Pajamas Media ^ | 02/10/2014 | Stephen Green
    As someone who came of age during the Go-Go Eighties and the Even Go-Go-er Nineties, I could never have imagined myself writing “It sucks to be an American.” That’s the kind of thing progressives say, or at least think very loudly — but it certainly isn’t the kind of thing to ever enter the mind of a liberty-loving conservative or libertarian. But the news allows — the numbers allow — no other conclusion, so now it must be said.It sucks to be an American. Let’s start with the record numbers of Americans who have decided it sucks so badly...
  • Cruz looks beyond Keystone XL

    02/10/2014 8:55:45 AM PST · by Cincinatus' Wife · 2 replies
    The Hill ^ | February 10, 2014 | Laura Barron-Lopez
    Sen. Ted Cruz (R-Tex.) is shifting his focus to the nation's energy policy, starting on Monday. At the Heritage Action for America's Conservative Policy Summit in Washington, D.C., on Monday, Cruz will make the case that while President Obama should approve the Keystone XL pipeline, Republicans need to come up with other ideas to expand the country's energy production. Aides to the Cruz told The Washington Post that the senator is drafting a bill called the American Energy Renaissance Act, which he will announce at the event on Monday. "There is only one thing that will stop us from embracing...
  • Meet the 99.999999 Percent: They’re worried about jobs and growth, not inequality.

    02/10/2014 8:46:06 AM PST · by SeekAndFind · 1 replies
    National Review ^ | 02/10/2014 | James Pethokoukis
    Forget about the 1 percent versus the 99 percent. It’s really more like the 0.000001 percent versus everybody else. A tiny group — mostly comprising the Obama White House, a bunch of Washington Democrats, progressive economists, and the media elite — continues to fixate on income inequality as America’s greatest challenge. Most everybody else, the 99.999999 percent, sees things differently. Surveys continue to show Americans most worried about jobs and economic growth, not the income gap between the top and bottom. It’s a rational view given new employment data from the government. The January jobs report showed only 113,000 net...
  • Obama Identifies, Targets Newest Enemy of the People

    02/10/2014 4:12:43 AM PST · by Kaslin · 10 replies ^ | February 10, 2014 | John Ransom
    From a solely material perspective, which is the only perspective that the government ought to consider, there is nothing wrong in our body politic that can’t be made at least a little better with more jobs. But of course, as we learned last week, the Obama administration, Harry Reid and the rest of the secular rabble known as the progressive left don't want more jobs. For them jobs are a nuisance, jobs are a hindrance, jobs are the enemy. “The Congressional Budget Office (CBO) on Tuesday said that the Affordable Care Act will contribute to the equivalent of 2 million...
  • Politico Asks: 'Why Do Republicans Want Us To Work All The Time?'

    02/09/2014 11:23:40 AM PST · by lowbridge · 54 replies ^ | february 9, 2014 | mike miller
    Politico wonders why the GOP wants Americans to work “all the time,” using the recent CBO projection that ObamaCare will reduce the workforce by 2.5 million over the next 10 years as a springboard. The article’s author, university professorBenjamin Kline Hunnicut, wrote that Republican reaction to the CBO projection was predictable: “Pundits filled the airwaves, Cassandra-like, to paint ObamaCare as the ultimate job killer. Never mind that, reading the fine print, it’s clear the CBO was talking about workers voluntarily reducing their hours in response to the law—not getting laid off or seeing their shifts scaled back.” Hunnicut then asked: “Anyway, isn’t...
  • Gas field politics affect leadership in Western Pa. communities [oust those opposed to drilling]

    02/09/2014 4:53:37 AM PST · by Cincinatus' Wife · 34 replies
    Pittsburg Tribune-Review ^ | February 9, 2014 | Timothy Puko
    Rodger Kendall says he never wanted to enter politics, but when he did, he waded into one of the biggest political conflicts in Pennsylvania. Kendall became a supervisor in Robinson, Washington County, in January, less than three weeks since it won a landmark state Supreme Court ruling overturning part of new laws aimed at eliminating local obstacles to shale drilling. Despite the win, he used his first night in office, Jan. 6, to lead a vote to remove Robinson from the case. Then he made his first official call as a township supervisor to Range Resources Corp. In one election,...
  • Democrat Logic: Lose Your Job and Feel Liberated

    02/08/2014 8:14:59 PM PST · by SeekAndFind · 21 replies
    American Thinker ^ | 02/08/2014 | Brian C Joondeph, MD
    This week, a report from the Congressional Budget Office acknowledged that ObamaCare would reduce full-time employment by 2.5 million over the next ten years. And that is on top of news that 92 million Americans who could be working are not. What a devastating assessment for the unemployed or underemployed, particular millenials seeking to transition from internships and part-time jobs to career-building full-time jobs. Yet the predictable spin from the White House and major media outlets is that this is good news, liberating workers from the chains of employment. To quote President Obama, from the 2008 campaign, "You can put...
  • Memo to GOP: Become the Workers’ Party-Republicans should seize the opportunity to set a jobs agenda

    02/07/2014 4:11:42 PM PST · by 2ndDivisionVet · 10 replies
    The National Review ^ | February 7, 2014 | Mona Charen
    The Obama administration’s response to the Congressional Budget Office’s prediction that Obamacare will cause 2.5 million fewer Americans to work in the coming years is an opportunity for Republicans to seize the moral high ground on the issue of work. Rather than dispute the CBO’s analysis — which would have been awkward, as the White House has touted CBO’s predictions in the past — the administration is spinning the jobs loss as a kind of liberation. No longer tied down to the pesky need to earn a salary, some Americans will be able to follow their bliss. This is part...
  • It's 'Disturbing' How Fast The Unemployment Rate Is Falling

    02/07/2014 12:07:28 PM PST · by blam · 60 replies
    BI ^ | 2-7-2014 | Rob Wile
    It's 'Disturbing' How Fast The Unemployment Rate Is Falling Rob WileFeb. 7, 2014, 10:50 AM Yikes. The unemployment rate is falling really fast. This morning, we learned it had declined to 6.6% — the 23rd-straight month without an increase. As Brooking's and UMichigan's Justin Wolfers observes, the rate has dropped 1.3% over the past year — an insane acceleration from 2012's decline of just 0.3%. "Only three other times in the past six decades has the unemployment rate fallen this far this fast: in the early 1950s, when growth averaged 6.7% per annum; in the late 1970s when GDP growth...
  • What this jobs report means for Dems and midterm elections

    02/07/2014 10:42:51 AM PST · by Rusty0604 · 12 replies
    CNBC ^ | 02/07/2014 | Ben White
    The soft January employment report showing a gain of just 113,000 jobs suggests that what Democrats hoped would be a big advantage in the midterm elections this fall—a rapidly strengthening economy—may not materialize. Not even an economy creating hundreds of thousands of jobs a month would likely be enough to help take the House back for Democrats. But the party was hoping that an improved employment situation and faster growth would convince swing voters not to toss out vulnerable Democratic incumbents in Louisiana, Alaska and North Carolina or flip open seats including Montana, West Virginia and South Dakota to the...
  • Ignore the Unemployment Rate (One of the most misleading numbers shaping our economy)

    02/07/2014 8:57:58 AM PST · by SeekAndFind · 47 replies
    Wall Street Journal ^ | 02/07/2014 | By Zachary Karabell
    The unemployment rate is one of the most consequential numbers shaping our body politic. Unfortunately, it is also one of the most misleading. Today at 8:30 a.m., the U.S. Bureau of Labor Statistics released its monthly employment report, as it does at the start of every month. As usual, the announcement was widely covered in the financial and mainstream media—a convenient hook for commentary about the state of the economy, the arc of the recovery and the future of the U.S. The unemployment rate was a central factor in the 2012 presidential election, with President Barack Obama seemingly defying a...
  • Wall Street Jumps After Jobs Data Spark Fed Optimism

    02/07/2014 7:15:24 AM PST · by mykroar · 7 replies ^ | 2/7/14 | Adam Samson
    <p>U.S. equity markets zipped higher Friday after a round of weak jobs data inspired hopes the Fed may take more time to boost rates and cut its bond-purchasing program.</p> <p>As of 9:32 a.m. ET, the Dow Jones Industrial Average rose 53.3 points, or 0.35%, to 15675, the S&P 500 gained 8.5 points, or 0.48%, to 1783 and the Nasdaq Composite advanced 28.4 points, or 0.69%, to 4084.</p>
  • Two Dismal Months in a Row: Just 113,000 Jobs Added in January (Not much better than December.)

    02/07/2014 7:08:34 AM PST · by SeekAndFind · 8 replies
    National Review ^ | 02/07/2014 | By Patrick Brennan
    After a very weak jobs report in December, the U.S. labor market didn’t do much better in January: It added just 113,000 jobs on a seasonally adjusted basis, noticeably less than the 170–180,000 forecast. These numbers can be highly volatile and often get revised, but December’s extremely poor showing (74,000 jobs) was barely updated (does 75,000 jobs make you feel better?). At the time, it was attributed to the weather, which can especially impact construction employment, and there seems to have been some case for that, because construction employment did rebound this month by 48,000 jobs. But even taking that...
  • Freedom for the Job-Locked: Democrats' desperate defense of Obamacare-induced unemployment

    02/07/2014 7:06:04 AM PST · by SeekAndFind · 10 replies
    National Review ^ | 02/06/2014 | Jonah Goldberg
    It’s only February, but it’s already my favorite word — or phrase, I guess — of the year. (Who knows, by December it may be shortened to “joblock.”) It’s not euphonious or edgy, but it does offer insight into the unreality of the Democrats’ predicament. The Congressional Budget Office issued a politically explosive report this week, finding that Obamacare will reduce the number of hours Americans work by the equivalent of 2.5 million full-time jobs. This is different from killing 2.5 million jobs, Obamacare defenders are quick to insist. This will be a shortfall on the demand, not supply, side....
  • 2014 January Job Cut Report: Planned Cuts Surge 50 Percent

    02/07/2014 5:56:59 AM PST · by KeyLargo · 19 replies
    Challenger Grey ^ | Feb 5, 2014
    2014 January Job Cut Report: Planned Cuts Surge 50 Percent After falling to a 13-year low in December, monthly job cuts surged nearly 50 percent to kick off 2014, as U.S.-based employers announced plans to reduce their payrolls by 45,107 in January, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. The 45,107 job cuts last month were 47 percent higher than a December total of 30,623, which was the lowest one-month total since 17,241 planned layoffs were announced in June 2000. January job cuts were up 12 percent...
  • More Governments Aim to Ban Plastic Bags

    02/06/2014 1:19:04 PM PST · by ThethoughtsofGreg · 35 replies
    American Legislator ^ | 2-6-14 | John Eick
    Think you’re green? Not unless you ban or tax the common plastic bag that consumers use every day to carry their groceries, among other things. From California to Rhode Island, municipalities are considering – or have enacted – plastic bag bans or fees on consumers at the register when making a purchase. Reasons given for such restrictions to consumer choice are plenty, but the most common is that plastic bags are not recyclable (patently false), they take an excessive amount of natural resources and energy to manufacture (not true compared to alternatives) and they are the main culprit contributing to...
  • More Men in Prime Working Ages Don't Have Jobs

    02/06/2014 10:47:06 AM PST · by reaganaut1 · 66 replies
    Wall Street Journal ^ | February 5, 2014 | MARK PETERS and DAVID WESSEL
    ... More than one in six men ages 25 to 54, prime working years, don't have jobs—a total of 10.4 million. Some are looking for jobs; many aren't. Some had jobs that went overseas or were lost to technology. Some refuse to uproot for work because they are tied down by family needs or tethered to homes worth less than the mortgage. Some rely on government benefits. Others depend on working spouses. Having so many men out of work is partly a symptom of a U.S. economy slow to recover from the worst recession in 75 years. It is also...
  • Fry Cook Shifted to Part-Time Work Confronts Obama

    02/04/2014 10:18:26 AM PST · by Red Badger · 83 replies ^ | February 4, 2014 11:45 AM | By Andrew Johnson
    During a Google Hangout session on Friday, fry cook Darnell Summers told President Obama that his hours were cut due to the Affordable Care Act. “We were broken down to part time to avoid paying health insurance,” he said. Summers explained that he makes $7.25 an hour and has been on strike four times seeking a wage increase. “We can’t survive, it’s not livin’,” he said. The president responded by urging states to increase the minimum wage. “I am working to encourage states, governors, mayors, state legislators to raise their own minimum wage,” Obama said. “Obviously, the way to reach...