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Keyword: jobs

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  • Blocking Obama's Agenda Created 1.8 Million Jobs in 2014

    01/26/2015 8:13:37 PM PST · by SeekAndFind · 6 replies
    IBD ^ | 01/26/2015
    A new study finds that 60% of the jobs gained last year were due to the fact that Republicans managed to block one of President Obama's key "middle class economics" policies in Congress. Let's dial the clock back to December 2013. At that point, 1.3 million faced an end to the federal unemployment benefits that Congress had extended repeatedly in the wake of the recession. Obama predicted doom if this were to happen: "Economists have said failing to extend unemployment benefits is going to have a drag on economic growth for next year." Unemployment insurance, he said, is "one of...
  • As robots start to take over retail, will there be any jobs left?

    01/26/2015 7:22:08 AM PST · by SeekAndFind · 77 replies
    New York Post ^ | 01/26/2015 | Diane Francis
    The world’s first robotized sales assistants were rolled out last month in California. They are nifty, cute — and terrifying. Nicknamed OSHbots, the two machines cost $50,000 apiece, are five feet of plastic on wheels and carry built-in natural language processors, computers, product scanners and navigation tools. Named after the Orchard Supply Hardware store where they work in San Jose, they greet customers, ask if they need help, identify items, then offer to guide them to the appropriate aisle without bumping into anyone or anything. At night, they do inventory by cruising the store to identify missing products and update...
  • Union Membership Rate Falls to 100-Year Low [Feel Good story of the day]

    01/26/2015 7:12:55 AM PST · by SoFloFreeper · 27 replies
    Daily Signal ^ | 1/23/15 | Melissa Quinn
    New information from the federal government suggests workers’ interest in unions continues to fall, with union membership reaching its lowest rate in 100 years. According to data released by the Bureau of Labor Statistics today, the union membership rate fell to 11.1 percent, with just 14.6 million wage and salaried workers maintaining membership. In 2013, the union membership rate was 0.2 percentage points higher, at 11.3 percent.
  • Middle Class Shrinks Further as More Fall Out Instead of Climbing Up [Obamanomics]

    01/26/2015 6:17:42 AM PST · by SoFloFreeper · 15 replies
    NY TIMES ^ | 1/25/15 | DIONNE SEARCEY and ROBERT GEBELOFF
    .....it is clear that millions are struggling to hang on to accouterments that most experts consider essential to a middle-class life..... Lisa Land, 49, is one of those who have dropped through the hatch. She gets by on her father’s $1,300 monthly Social Security checks and by having her adult daughter pitch in for groceries. Her circumstances are a stark change from just a few years ago, when she considered herself firmly in the middle class. Despite a relatively modest salary, her pay and other resources went a long way in tiny Eden, N.C., where she worked for 13 years...
  • How the middle class has fragmented under Obama

    01/26/2015 3:49:58 AM PST · by SoFloFreeper · 3 replies
    yahoo finance ^ | 1/20/15 | Rick Newman
    [When] Obama delivered his first State of the Union address in 2009, 53% of Americans considered themselves middle class. Six years later, just 44% of Americans define themselves that way..... The middle class itself, however, has changed notably during the relatively short time Obama has been in office, as the chart below shows. The portion of Americans who consider themselves middle class has dropped (as has the portion considering themselves upper class), while the ranks who call themselves lower class have swelled.
  • Peer-reviewed pocket-calculator climate model exposes serious errors in complex computer models

    01/26/2015 1:26:22 AM PST · by Cincinatus' Wife · 9 replies
    Physics Organization News ^ | January 21, 2015
    Near-term global warming projections (brick-red region) on[0.13, 0.50] K decade-1, compared with observations (green region)that fall on [0.0, 0.11] K decade-1, and the simple model's 21stcentury warming projections (yellow arrow), falling on 0.09 [0.06,0.12] K decade-1. Credit: Science China PressA major peer-reviewed climate physics paper in the first issue (January 2015: vol. 60 no. 1) of the prestigious Science Bulletin (formerly Chinese Science Bulletin), the journal of the Chinese Academy of Sciences, exposes elementary but serious errors in the general-circulation models relied on by the UN's climate panel, the IPCC. The errors were the reason for concern about Man's effect...
  • ‘Poor people don’t plan long-term. We’ll just get our hearts broken’

    01/26/2015 12:46:36 AM PST · by CorporateStepsister · 45 replies
    The Guardian ^ | Sunday 21 September 2014 | Linda Tirado
    In the autumn of 2013 I was in my first term of school in a decade. I had two jobs; my husband, Tom, was working full-time; and we were raising our two small girls. It was the first time in years that we felt like maybe things were looking like they’d be OK for a while. After a gruelling shift at work, I was unwinding online when I saw a question from someone on a forum I frequented: Why do poor people do things that seem so self-destructive? I thought I could at least explain what I’d seen and how...
  • Texas, the ‘great American job machine,’ is responsible for the +1.2M net US job increase since 2007

    01/25/2015 12:01:27 PM PST · by SeekAndFind · 18 replies
    AEI ^ | 01/23/2015 | Mark J. Perry
    The Texas Workforce Commission released state employment data today for the month of December, and job growth in the Lone Star State continues to lead, and in fact carry the nation’s improving labor market as the chart above shows. Here are some highlights of the December employment report for Texas:1. Texas ended the year with the state’s largest ever year-over-year payroll gain with the eye-popping addition of 457,900 new jobs between December 2013 and December 2014. That’s more than 1,700 new payroll jobs that were added every business day last year in the Lone Star State, and 220 new jobs...
  • Keystone debate ends with Democrats' ire

    01/23/2015 1:01:55 PM PST · by Cincinatus' Wife · 8 replies
    CNN ^ | January 23, 2015 | Alexandra Jaffe
    Washington (CNN)Senators worked till midnight on Thursday moving through a series of amendments to a bill that would green-light construction of the controversial Keystone XL pipeline, but Senate Democrats wanted to stay longer. At least, they were frustrated with what they said was a double standard from Senate Majority Leader Mitch McConnell, who moved to end debate on the bill and set up a final vote next week after tabling a number of Democratic amendments. The Senate had already voted on 15 amendments, 10 of which were offered by Democrats and another five from Republicans. But Democrats cried foul at...
  • Anti-H-1B senator to head immigration panel - claims shortage of highly skill labor a 'hoax'

    01/23/2015 2:15:44 AM PST · by Cincinatus' Wife · 32 replies
    Computer World ^ | January 22, 2015 | Patrick Thibodeau
    ..............[U.S. Senator Jeff] Sessions last week accused the tech industry of perpetuating a "hoax" by claiming there is a shortage of qualified U.S. tech workers. "The tech industry's promotion of expanded temporary visas -- such as the H-1B -- and green cards is driven by its desire for cheap, young and immobile labor," wrote Sessions, in a memo he sent last week to fellow lawmakers. Last summer, Sessions attacked Microsoft's push for more H-1B visas as it laid off 18,000 employees. Now, as subcommittee chairman, Sessions will have the ability to conduct investigations and hold oversight hearings. That Senate memo...
  • U.S. initial jobless claims fall by 10,000 last week to 307,000

    01/22/2015 6:24:31 AM PST · by SeekAndFind · 8 replies
    Investing.com ^ | 01/22/2015
    The number of people who filed for unemployment assistance in the U.S. last week fell less 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 January 17 decreased by 10,000 to a seasonally adjusted 307,000 from the previous week’s total of 317,000. Analysts had expected initial jobless claims to decline by 17,000 to 300,000 last week. Continuing jobless claims in the week ended January 10 rose to 2.443 million from 2.428...
  • Majority of Senate says climate change is real and human-driven

    01/22/2015 1:12:44 AM PST · by Cincinatus' Wife · 55 replies
    Washington Examiner ^ | January 22, 2015 | Zack Colman
    Most U.S. senators now agree on two things about climate change: That it is driven by humans, and that it is not a hoax. Getting to that point during a series of votes on amendments for Keystone XL pipeline legislation was tortuous for Democrats and Republicans alike. "I'm not sure that there were any clear expectations, but I think the way the day transpired was productive but it was also fascinating," Sen. Brian Schatz, D-Hawaii, told reporters. "We made good progress today and we were pretty pleased there is an emerging bipartisan group of people who believe climate change is...
  • President No Comes Into His Own - Showing respect for one’s enemies — unless they be Republicans

    01/22/2015 12:19:05 AM PST · by Cincinatus' Wife · 9 replies
    The American Spectator ^ | January 22, 2015 | Jeffrey Lord
    Call him President No. He doesn’t want to cut taxes. He will veto any attempt to overturn the mess of Obamacare. He is adamant about opposing anyone who wants to undoing his executive order on amnesty, or his sudden turnabout of U.S. policy on Cuba. He won’t say yes to the Keystone XL pipeline. And hell will freeze over before he utters the words “radical Islamic terrorism.” Now the White House is furious that Speaker John Boehner has issued a February 11th invitation for Israeli Prime Minister Benjamin Netanyahu to address Congress, this just hours after the president made it...
  • American Express to cut more than 4,000 jobs over this year

    01/21/2015 2:32:48 PM PST · by Nachum · 10 replies
    cnbc ^ | 1/21/15 | Everett Rosenfeld
    American Express said it plans to cut more than 4,000 jobs over the next year. A representative for the company told CNBC that it is planning to cut the jobs, but that this is only a gross figure, and that the firm will also continue to hire selectively in parts of the organization. Additionally, American Express reported quarterly earnings that slightly beat analysts' expectations on Wednesday, and CEO Ken Chenault said in a release that "tight controls on the cost side of the ledger" had benefited the company. The company posted fourth-quarter earnings per share of $1.39 per share, compared...
  • 50,000 Wall Street jobs cut [There’s blood on the Street]

    01/19/2015 6:15:07 AM PST · by SeekAndFind · 31 replies
    New York Post ^ | 01/19/2015 | By John Aidan Byrne
    There’s blood on the Street. In a wild swing of the ax that has shocked many pundits, Wall Street’s biggest banks have slashed nearly 50,000 jobs, and bonuses and expense money are being cut as profit opportunities dry up. And there’s no easy way out, analysts say, because the Fed’s quantitative easing that once rescued the financial system with trillions of cheap dollars is — at least for now — history. But while some analysts were unnerved by the carnage announced by banks last week during their earnings calls, the warning signs were there before — from lower trading and...
  • Why Wages Lag Employment Recovery

    01/19/2015 6:20:13 AM PST · by SeekAndFind · 34 replies
    RCM ^ | 01/19/2015 | Robert Samuelson
    The great wage mystery deepens. In economic recoveries, there usually comes a time when strong job gains lead to strong wage gains. Businesses must pay more to recruit and retain the workers they need. Not this time - or at least not yet. The unemployment rate has dropped from a peak of 10 percent in October 2009 to 5.6 percent at the end of 2014. But hourly wage gains haven't accelerated. They've plodded along at about a 2 percent annual rate, roughly matching inflation. Economists are baffled. "This labor market recovery looks different from anything since World War II," says University...
  • Do Democrats hate the U.S. Navy?

    10/16/2012 2:28:57 PM PDT · by DFG · 19 replies
    Washington Examiner ^ | 10/16/12 | Starr
    A second Democratic campaign has been caught mistaking a foreign ship for a U.S. Navy vessel in images meant to brag on the candidate's devotion to the military. A month after the Democratic National Convention featured Cold War-era Soviet ships on a giant screen as a former Navy admiral representing the Obama campaign praised American veterans, the Democrat running for Senate in Connecticut featured a foreign sub in a television ad promoting his efforts to create jobs at the state's sub-maker, General Dynamics' Electric Boat of Groton. Instead of Groton-made subs, the ad for Rep. Chris Murphy featured a Norwegian...
  • Uber Wants to Create 50,000 Jobs, Take 400,000 Cars Off the Road in Europe This Year

    01/18/2015 1:42:56 PM PST · by 2ndDivisionVet · 23 replies
    re/code ^ | January 18, 2015 | Ina Fried
    Uber chief Travis Kalanick said he wants to expand operations in Europe and, in the process, create 50,000 jobs and take 400,000 personal vehicles off the road. Kalanick said the ride-sharing service isn’t opposed to regulation, but wants “progressive regulation” that promotes safe and affordable rides and generates tax revenue without limiting competition. Cities around the globe have been going after Uber and other services, using a mix of existing regulations and new laws. “We want to make 2015 the year where we establish a new partnership with (European Union) cities,” Kalanick said, speaking Sunday at the DLD Conference in...
  • Obama Unleashes EPA to Kill American Jobs

    01/17/2015 9:28:44 AM PST · by george76 · 13 replies
    Radix News ^ | January 16, 2015 | David Limbaugh
    I am guessing you don’t know one of the major things resident Obama was doing while snubbing France and world leaders who convened in Paris to express solidarity in the civilized world’s war against radical Islamic terrorism. I assure you it was something close to his heart — as opposed to fighting Islamic jihad. It was something that will thrill the anti-business, anti-energy extreme environmentalists but will not warm the hearts of American businesses and energy producers, and it is not good news for America’s currently overhyped economy. Yes, you heard me right; despite all the faux euphoria projected by...
  • 170,000 in Harris County illegally could benefit from Obama immigration action

    01/16/2015 12:21:24 PM PST · by Cincinatus' Wife · 7 replies
    Houston Chronicle ^ | January 16, 2015 | Lomi Kriel
    ".......The analysis by the Migration Policy Institute, a Washington D.C.-based nonprofit studying immigration policy, shows Obama's new program could also have sweeping impacts in the surrounding suburban and rural counties, not simply in the urban core. Republicans say the changes, the most expansive to the nation's immigration system since 1965, are an overreach. Congress passed a bill Wednesday that would cancel it though Obama has said he would veto the measure if it passes the Senate. According to the MPI analysis: * About 130,000 immigrants in Harris County are the parents of U.S. citizens or legal permanent residents and could...
  • Flashback: Corretta Scott King warned illegals would take black jobs

    01/14/2015 12:02:57 PM PST · by tschatski · 43 replies
    Washington Examiner ^ | Paul Bedard
    Corretta Scott King, wife of the slain civil rights leader, warned way back in 1991 that illegal immigration would rob jobs from poor blacks and Hispanics, echoing a new anti-immigration reform ad on national TV. snip America does not have a labor shortage. With roughly 7 million people unemployed, and double that number discouraged from seeking work, the removal of employer sanctions threatens to add additional U.S. workers to the rolls of the unemployed.
  • Here’s How GOP Can Destroy Myth of Obama Economy

    01/13/2015 3:04:05 PM PST · by Kaslin · 22 replies
    Townhall.com ^ | January 13, 2015 | Wayne Allyn Root
    Everywhere we turn in the media, we hear the lie that the Obama economy is in “recovery.” Bill Maher actually taunted Republicans on his show last week, daring them to attack Obama’s economic record. Now it appears that Hillary has bought into this great lie. The word is that Hillary is about to tie her presidential campaign to Obama’s economic policies. Why? Because for the first time she believes the economy is in “recovery.” She is no longer afraid or embarrassed to support Obama’s policies. Where are the GOP leaders to rip this narrative to shreds? Are they so blind,...
  • The only state where less than half its citizens work

    01/13/2015 7:58:38 AM PST · by illiac · 19 replies
    MarketWatch ^ | 1/13/15 | Steve Goldstein
    WASHINGTON (MarketWatch) — West Virginia quietly passed the ignominious milestone of having less than half of its adult, civilian population in the workforce in November. State data compiled by the Labor Department shows that West Virginia’s civilian labor participation rate has fallen to 49.8%, from 50% in October. The national rate in December was 62.7%. The Mountain State is the only state in the history of the series, which goes back to 1976, to have fallen below 50%, though Mississippi at 50.8% isn’t far behind. The troubles that have befallen West Virginia have been well publicized, notably the diminished demand...
  • Poll: Economic mood brightens after GOP election victory

    01/12/2015 5:29:15 AM PST · by IBD editorial writer · 4 replies
    Investor's Business Daily ^ | 01/12/2015 | John Merline
    The recession technically ended 5-1/2 years ago, but the public is only now — in the wake of falling gasoline prices and the GOP election victory last November — starting to believe it, the latest IBD/TIPP Poll shows. The January survey found that 59% say the economy is improving, up from just 45% two months ago. And while nearly half said the economy was still in a recession last summer, only 37% say that's the case today. More than a quarter (28%) believe the economy will improve over the next six months, which is up from 19% who thought so...
  • Dallas-Fort Worth and three other Texas metro areas showed best job growth in November

    01/12/2015 12:42:00 AM PST · by 2ndDivisionVet · 3 replies
    The Dallas Morning News BizBeat ^ | December 30, 2014 | Sheryl Jean
    Dallas-Fort Worth and three other Texas metro areas continued to outperform the nation in job growth in November. The Dallas-Fort Worth and Houston areas continued to see the nation’s fastest growing employment among metropolitan areas for the 12 months through November, according to data released today by the U.S. Bureau of Labor Statistics. The Houston area added 125,300 jobs in that time frame, followed by Dallas-Fort Worth (111,500 jobs) and the New York area (107,900 jobs). Midland (6.2 percent) and Odessa (+4.7 percent) saw the largest year-over-year percentage gains in employment in November. Overall, November employment increased in the last...
  • State Farm will host a Jan. 15 job fair in Richardson (Dallas/Ft Worth area)

    01/10/2015 3:05:52 PM PST · by 2ndDivisionVet · 67 replies
    The Dallas Morning News BizBeat ^ | January 9, 2015 | Sheryl Jean
    State Farm is still hiring even as it prepares to move its first set of employees into its new Richardson campus later this month. The nation’s largest auto and home insurer will hold a job fair on Jan. 15 in Richardson for several hundred full-time and part-time positions in claims, sales, customer service and information technology departments this year. The job fair will take place in three blocks of time: from 8 a.m. to 11 a.m., from 1 p.m. to 4 p.m. and from 6 p.m. to 9 p.m. It will be held at the North Dallas Hyatt Regency Hotel,...
  • Record 92,898,000 Americans Not In The Workforce

    01/10/2015 9:02:10 AM PST · by BenLurkin · 58 replies
    breitbart.com ^ | January 9, 2015
    A record 92,898,000 Americans 16 years and older did not participate in the labor force last month, according to data released by the Bureau of Labor Statistics. The BLS defines people not in the work force as people 16 years and up who are not employed and haven’t “made specific efforts to find employment sometime during the 4-week period ending with the reference week.” The labor force participation rate — or the “The labor force as a percent of the civilian noninstitutional population” — also dipped back down to 62.7 percent, from 62.9 percent in November.
  • Why The Unemployment Rate Fell: Dipping Participation Rate

    01/09/2015 10:13:48 AM PST · by SeekAndFind · 18 replies
    Yahoo News ^ | 01/09/2015 | By Rick Rieder of BlackRock
    4 Factors Weighing On Labor Markets—And Implications For Fed Policy (Part 1 of 5) Labor markets are weaker than they appear, leading the Fed toward continued accommodative monetary policy. Still, the central bank may find that weakness difficult to overcome, as much of it stems from serious long-term issues and not merely short-term lack of demand. In recent posts, my colleague Russ Koesterich outlined why the U.S. labor market recovery will continue to frustrate the Fed, and Jeff Rosenberg examined one key reason why the central bank is set to keep rates low for some time. I agree with these...
  • Joe Manchin: We could override Obama veto on Keystone bill

    01/09/2015 9:57:23 AM PST · by Mozilla · 45 replies
    Washington Times ^ | 1-9-15 | Ben Wolfgang
    As a key Senate committee cleared legislation approving the Keystone XL oil pipeline, a prominent supporter of the project said Thursday he believes the chamber could have enough votes to override a presidential veto of the bill. Sen. Joe Manchin, West Virginia Democrat, told his colleagues he believes the bill approving the pipeline could garner 67 votes, the number needed to overcome a veto by the president.
  • Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million Not In Labor Force

    01/09/2015 9:55:23 AM PST · by SeekAndFind · 19 replies
    Zero Hedge ^ | 01/09/2015 | Tyler Durden
    Another month, another attempt by the BLS to mask the collapse in the US labor force with a goalseeked seasonally-adjusted surge in waiter, bartender and other low-paying jobs. Case in point: after a modest rebound by 0.1% in November, the labor participation rate just slid once more, dropping to 62.7%, or the lowest print since December 1977. This happened because the number of Americans not in the labor forced soared by 451,000 in December, far outpacing the 111,000 jobs added according to the Household Survey, and is the primary reason why the number of uenmployed Americans dropped by 383,000. And...
  • Obama Will Veto Legislation Restoring The 40-Hour Work Week

    01/09/2015 8:35:13 AM PST · by george76 · 48 replies
    Townhall ^ | Jan 08, 2015 | Katie Pavlich
    One of the first agenda items on the to-do list for the new Congress is redefining the definition of full-time work under Obamacare's employer mandate, which goes into effect this year. Under the healthcare law, companies have cut hours in order to avoid reaching the Obamacare threshold requiring businesses to provide health insurance if they employ more than 50 full-time workers at 30-hours per week. As a result, the economy is seeing an substantial shift from full-time to part-time workers with fewer benefits as a result of the law. Republicans have long expressed the need to re-establish the definition of...
  • Unemployment rate falls to 5.6 percent as U.S. gains 252,000 jobs

    01/09/2015 8:03:17 AM PST · by SeekAndFind · 31 replies
    Columbus Dispatch ^ | 01/09/2015
    WASHINGTON -- The United States capped its best year for hiring in 15 years with a healthy gain in December, and the unemployment rate hit a six-year low. The numbers support expectations that the United States will strengthen further this year even as overseas economies stumble. The Labor Department said today that employers added 252,000 jobs last month and 50,000 more in October and November combined than it had previously estimated. The unemployment rate dropped to 5.6 percent from 5.8 percent in November. The rate is at its lowest point since 2008. Yet wage growth remains weak. Average hourly pay...
  • U.S. jobless claims dip to 294,000; 2014 layoffs lowest in 17 years

    01/08/2015 8:29:52 AM PST · by SeekAndFind · 25 replies
    Yahoo News via Reuters ^ | 01/08/2015 | By Lucia Mutikani
    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week and job cuts declined sharply in December, suggesting the labor market is tightening. Thursday's reports support views of faster growth this year, driven by consumer spending, despite a faltering global economy. "Labor market conditions continue to improve, providing support for consumers and contributing to a virtuous cycle for the economy," said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan. Initial claims for state unemployment benefits slipped by 4,000 to a seasonally adjusted 294,000 for the week ended Jan. 3,...
  • Does Immigration Harm Working Americans?

    01/07/2015 8:38:44 AM PST · by Theoria · 64 replies
    The Atlantic ^ | 05 Jan 2015 | David Frum
    Many economists say no—but they may be too glib. The job news is increasingly good: 321,000 jobs created in November. Yet the national economic mood remains grimly bleak. Many Americans feel a sharp distinction between what’s said about “the” economy and what they experience in “their” economy. At the top of the income distribution, wages are rising. In the middle and bottom, wages stagnate. Jobs are created, yes—but native-born Americans are not hired for them. Last month, the Center for Immigration Studies released its latest jobs study. CIS, a research organization that tends to favor tight immigration policies, found that...
  • Declining patronage leads US Steel to lay off 636 workers ["Bumps in the road" to Obama]

    01/07/2015 1:49:20 AM PST · by SoFloFreeper · 47 replies
    Microcap Observer ^ | 1/7/15 | Chris Middlebrooks
    In an effort to deal with low gas prices and declining patronage of its tubular goods for exploration projects, the United States Steel is laying off 636 workers from its Lorain Tubular Operations – starting from March 8 through to May.
  • The 14 States That Cut Taxes in 2014

    01/06/2015 2:03:37 PM PST · by ThethoughtsofGreg · 11 replies
    American Legislator ^ | 1-51-14 | Will Freeland
    As 2014 draws to a close and the final few state legislatures still in session prepare to finally adjourn for the year, the ALEC Center for State Fiscal Reform has again published State Tax Cut Roundup, which details the states that cut taxes in the 2014 legislative session. During the 2014 legislative session, 14 states passed significant tax cuts into law. These cuts vary in what tax they reduced and their size but they share one crucial similarity: they put more money into the pockets of taxpayers in their respective states. Those 14 states are detailed in the map below:...
  • The Obama Economic Record is Even Worse than You Realize

    01/06/2015 8:26:59 AM PST · by george76 · 20 replies
    American Thinker ^ | January 5, 2015 | Chad Stafko
    Six years ago this month, America cast its lot toward a young, first-term U.S. Senator from Illinois to lead the greatest nation in the world. His mesmerizing words and bold promises drew folks in by the millions. However, unless you're a bleeding heart liberal, you realize the social experiment of electing an unqualified, former professional antagonizer has been an economic disaster. The quantitative evidence, and it abundant, is overwhelming and ever-growing. ... In 2007, the average household income in America was $55,627. In 2014, that figure had slipped to $53,880 -- Americans earned less on average than they did seven...
  • December Jobs "Significantly Below 200,000", Q4 GDP Tumbles To 2%, Markit Warns

    01/06/2015 7:27:19 AM PST · by SeekAndFind · 14 replies
    Zero Hedge ^ | 01/06/2015 | Tyler Durden
    Markit's US Services PMI missed expectations of 53.7, priting at 53.3, its lowest since Feb 2014 (mid Polar Vortex). From record highs in June, PMI has plunged non-stop for six months leaving Markit noting Q4 growth is looking more like 2.0% than the 5.0% exuberance in Q3.US Services PMI plunges... and along with the tumble in manufacturing leaves the US Composite PMI at 14 month lows... It gets worse. From the report, via Chris Williamson, Chief Economist at Markit said:“The US economy lost significant growth momentum at the close of the year. Excluding the drop in activity caused by the October...
  • New York’s Minimum Wage Increase: The Wrong Way to Ring in the New Year

    01/05/2015 2:09:02 PM PST · by ThethoughtsofGreg · 8 replies
    American Legislator ^ | 1-5-14 | Cara Sullivan
    Last night, as shivering tourists gathered in Times Square to watch the New Year’s Eve Ball drop, something much more impactful rose across the entire state of New York. Rising from $8.00 per hour to $8.75 per hour on December 31, New York’s minimum wage became the fourth-highest state minimum wage in the nation. Yet advocates continue to call for a higher minimum wage, some even as high as $15 per hour. While many applaud the move as a positive step for New York residents, the minimum wage increase will adversely affect those it is intended to help by eliminating...
  • Republicans in state governments plan juggernaut of conservative legislation

    01/03/2015 4:16:54 AM PST · by Cincinatus' Wife · 31 replies
    Washington Post ^ | January 2, 2014 | Reid Wilson
    Legislators in the 24 states where Republicans now hold total control plan to push a series of aggressive policy initiatives in the coming year aimed at limiting the power of the federal government and rekindling the culture wars. The unprecedented breadth of the Republican majority — the party now controls 31 governorships and 68 of 98 partisan legislative chambers — all but guarantees a new tide of conservative laws. Republicans plan to launch a fresh assault on the Common Core education standards, press abortion regulations, cut personal and corporate income taxes and take up dozens of measures challenging the power...
  • 2015 in Review...in Advance

    01/01/2015 8:44:43 AM PST · by Kaslin · 2 replies
    Townhall.com ^ | January 1, 2015 | John Ransom
    Dateline: January 23rd, 2015: Washington: Republicans in the House and the Senate do THE slam dunk in the Democrats’ face by passing the Keystone XL Pipeline authorization. Not only does the bill authorize the controversial pipeline, but it also comes in at 11,571,283,475 pages long. “Take that, Pelosi!” Boehner shouts at the Rose Garden ceremony where Obama signs the bill. “Read that before you pass it byotch!”That’s right: Obama agrees to sign the Keystone bill in the Rose Garden because on page 2,351,546,379, buried in a footnote, the bill authorizes construction of the pipeline so long as no actual “pipes”...
  • Initial Jobless Claims Rise To 298,000

    12/31/2014 10:36:43 AM PST · by SeekAndFind · 9 replies
    Business Insider ^ | 12/31/2014 | MYLES UDLAND
    Initial jobless claims finished the year on a so-so note. Claims totaled 298,000 last week, up from last week's 280,000 and worse than expectations for 290,000. Last week's number was also revised up slightly to 281,000. Following the report, economists at BNP Paribas said the four-week moving average in claims remains at low levels — 290,750 — which is consistent with an improving labor market. Initial claims still had a huge year, with 2014's first claims report coming in at 333,000 and claims trending downwards for most of the year.
  • Farmers brace for labor shortage under new policy

    12/29/2014 11:48:44 PM PST · by Jim Robinson · 54 replies
    Fresno Bee ^ | By Scott Smith
    FRESNO, CALIF. — Farmers already scrambling to find workers in California — the nation's leading grower of fruits, vegetables and nuts — fear an even greater labor shortage under President Barack Obama's executive action to block some 5 million people from deportation. Thousands of the state's farmworkers, who make up a significant portion of those who will benefit, may choose to leave the uncertainty of their seasonal jobs for steady, year-around work building homes, cooking in restaurants and cleaning hotel rooms. "This action isn't going to bring new workers to agriculture," said Jason Resnick, vice president and general counsel of...
  • Economic recovery grows from private sector, not government [Obama didn't build that]

    12/29/2014 7:18:46 AM PST · by SeekAndFind · 4 replies
    Washington Times ^ | 12/29/2014 | Stephen Moore
    It only took six years, but we’re finally starting to see the U.S. economy kick into gear. This isn’t a story of government-directed growth, but the opposite — Washington’s role in the economy starting to shrink after years of Obama administration activism. The private sector is starting to take over. Let’s start with the positive news. Economic output soared in the third quarter at a rate of 5 percent. That comes on top of 4.6 percent growth in the second quarter. It appears that the U.S. economy has clawed out of its anemic 2 percent growth rut of the past...
  • Obama Ignores Black Economic Woes To Focus On Racism

    12/28/2014 11:12:44 PM PST · by Cincinatus' Wife · 5 replies
    The Daily Caller ^ | December 29, 2014 | Neil Munro
    "............................Then [Obama] claimed his government-centered policies have boosted education and opportunity among African-Americans. “The education reforms that we’ve initiated are showing measurable results… We are seeing record numbers of young people attending college,” he said. But in Obama’s high-unemployment economy, even blacks with college degrees are doing worse than their pre-depression peers. “Among recent graduates ages 22 to 27, the jobless rate for [graduate] blacks last year was 12.4 percent versus 4.9 percent for whites,” said a New York Times article, which was published quietly on Christmas Day. “This 7.5 percentage point difference was far greater than before the recession…...
  • Merry Christmas from Texas to the World

    12/25/2014 12:24:13 AM PST · by Cincinatus' Wife · 26 replies
    The Hill ^ | December 25, 2014 | Ben Voth
    Texas has blessed the world with an incredible Christmas gift: plummeting oil prices. Both the production and the technology of fracking were substantially innovated and pioneered in the Lone Star state. The ramifications here at home and abroad are profound and incredible example of how innovation, property rights,and economic freedom trump the ugly agendas of statism. The gift of Texas oil is a gift that keeps on giving and stands in contrast to the lumps of coal dished out by the Federal government:...Gift 1:A true economic stimulus. The drop in oil prices from over $100 a barrel to less than...
  • U.S. jobless claims fall to seven-week low to seasonally adjusted 280,000

    12/24/2014 7:38:12 AM PST · by SeekAndFind · 7 replies
    Reuters ^ | 12/24/2014 | LUCIA MUTIKANI
    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy's sustained strength. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 280,000 for the week ended Dec. 20, the Labor Department said on Wednesday. It was the lowest reading since Nov. 1 and marked the fourth straight week of declines. "The labor market is tightening up. Any job losses are just normal frictional unemployment in a healthy growing economy," said Chris Rupkey, chief financial economist at MUFG Union Bank in New York.
  • Fewer US-Born Americans Have Jobs Now Than In 2007

    12/20/2014 8:28:02 AM PST · by RicocheT · 32 replies
    Daily Caller blog ^ | 12/20/2014 | NEIL MUNRO
    Fewer Americans born in the U.S. have jobs now than were employed to November 2007, despite a working-age population growth of 11 million. The amazing drop in employment highlights President Barack Obama’s slow recovery from the deep 2008 shock, but also spotlights many companies’ growing reliance on foreign migrant labor. Almost one in every two jobs added since 2009 have gone to foreign-born workers. In November 2014, one in every five U.S. jobs was held by a foreign-born worker, up from one-in-six jobs in January 2010, according to federal data highlighted by the Center for Immigration Studies. Since November 2007,...
  • The boom is here: the economy just grew 5 percent, and it’s not going to stop

    12/23/2014 3:27:01 PM PST · by SoFloFreeper · 28 replies
    Washington Post ^ | 12/23/14 | Matt O'Brien
    ...the economy grew at a 5 percent annual pace in the third quarter this year, revised up from the 3.9 percent that the Commerce Department had previously estimated. It's the best quarterly growth since 2003, and, on the heels of the 4.6 percent growth in the second quarter, it's also the best six months the economy has had in that long. The even better news, though, is that this growth, unlike every other uptick the past few years, looks sustainable. This isn't a blip. It's a boom.
  • Where Did the Jobs Go?

    12/19/2014 7:08:48 PM PST · by 2ndDivisionVet · 16 replies
    Powerline ^ | December 19, 2014 | John Hinderaker
    Somewhat remarkably, given that it has presided over the worst recovery–by far–of the post-war era, the Obama administration tries to slice and dice employment numbers to portray itself as a champion of job creation. There are, indeed, a few more jobs today than there were six years ago. Yet for most Americans, the employment scene has gotten worse, not better. Why is that? Senate Budget Committee staff offer data in explanation: According to BLS data, in November of 2007 there were 23.1 million foreign workers in the United States with jobs. Today, the BLS reports, there are 25.1 million foreign...