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Keyword: jobs

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  • No, Inverters Aren't 'Deserters'

    07/24/2014 10:13:17 AM PDT · by Kaslin · 19 replies
    Townhall.com ^ | July 24, 2014 | Jeff Jacoby
    The corporate inversions just keep on coming, and the White House and its allies are calling them unpatriotic. But it's a funny sort of "patriotism" that insists American businesses put the Treasury's insatiable appetite for revenue ahead of the best interests of their customers, shareholders, and employees. The latest inversion — the term for a corporate merger or acquisition that allows a US company to reincorporate overseas — is the largest to date: Chicago-based pharmaceutical company AbbVie is paying $55 billion to acquire Shire PLC, an Irish drug maker incorporated in the United Kingdom, but with a manufacturing and management...
  • US jobless claims tumble to lowest level in nearly a decade (284,000)

    07/24/2014 6:47:03 AM PDT · by SeekAndFind · 79 replies
    CNBC ^ | 07/24/2014
    The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction. Initial claims for state unemployment benefits declined 19,000 to a seasonally adjusted 284,000 for the week ended July 19, the Labor Department said on Thursday. That was the lowest level since February 2006, and confounded economists' expectations for a rise to 308,000. The prior week's claims were revised to show 1,000 more applications received than previously reported.
  • U.S. Jobless Claims Drop to Lowest Level Since 2006

    07/24/2014 6:40:00 AM PDT · by SoFloFreeper · 13 replies
    WSJ ^ | 7/24/14 | SARAH PORTLOCK and ERIC MORATH
    New applications for unemployment benefits plunged last week, reaching an eight-and-a-half-year low and suggesting increasing strength in the labor market. Initial claims for jobless aid, a proxy for layoffs, fell by 19,000 to a seasonally adjusted 284,000 in the week ended July 19...
  • Administration to unveil stricter rules for carrying crude by rail

    07/23/2014 6:21:51 AM PDT · by Cincinatus' Wife · 17 replies
    The Hill ^ | July 23, 2014 | Laura Barron-Lopez
    The Obama administration will unveil new rules Wednesday proposing more stringent safety standards on trains carrying crude oil and other flammable fuels. Transportation Secretary Anthony Foxx is expected to announced the new rules, which will include standards for tank cars, speed limits for trains carrying crude oil, brake standards and testing for oil and other flammable liquids, according to a Wall Street Journal report. A Department of Transportation spokesperson confirmed to The Hill that the announcement will be made Wednesday. The federal rules have been anxiously awaited by the railroad and oil industries, which have met with White House and...
  • Obama Recovery Turns 5: Are You Better Off?

    07/22/2014 6:27:35 AM PDT · by IBD editorial writer · 67 replies
    Investor's Business Daily ^ | 07/22/2014 | John Merline
    In a speech last week in Delaware, President Obama was positively bursting with pride about what his policies have produced since the economic recovery started five years ago. What Obama didn´t say in his speech is that [snip] many Americans are doing a whole lot worse than they were when Obama's economic recovery began five years ago.
  • High gasoline prices push up U.S. consumer prices

    07/22/2014 5:49:00 AM PDT · by SoFloFreeper · 19 replies
    Reuters ^ | 7/22/14
    U.S. consumer prices rose in June as the cost of gasoline surged, but the overall trend continued to point to a gradual build up of inflationary pressures. The Labor Department said on Tuesday its Consumer Price Index increased 0.3 percent last month after May's 0.4 percent gain. Gasoline accounted for two-thirds of the rise in prices last month. In the 12 months through June, the CPI increased 2.1 percent after a similar rise in May.
  • SHOT UP: Udall Losing In NYT Predictive Model For First Time

    07/21/2014 2:57:42 PM PDT · by george76 · 32 replies
    Colorado Peak Politics ^ | July 21, 2014
    For the first time this entire election cycle The New York Times Senate forecast at The Upshot predicts Udall has a greater chance of losing reelection than winning (53%-47%). This is a huge deal, as The Upshot tries to go beyond just the polls and factor in other intangibles about a race, such as, incumbency, fundraising, a state’s past election history among others, who the liberals at the NYT want to win. All those factors in The Upshot model lean heavily Udall’s way. Yet, despite this inherent, built-in advantage, Udall can’t overcome one thing: the people of Colorado feel he...
  • Study: Minimum wage hikes don’t kill jobs

    07/21/2014 9:27:34 AM PDT · by Incorrigible · 26 replies
    NJ101.5 ^ | 7/21/2014 | Kevin McArdle
    Study: Minimum wage hikes don’t kill jobsBy Kevin McArdle July 21, 2014 5:14 AMA new study by the Center for Economic and Research Policy shows that job growth in states that increased their minimum wages this year is far more robust when compared to states that did not hike the minimum wage. Thirteen states increased their minimum wages in 2014, including New Jersey. According to the report, the average change in payrolls in states that implemented minimum wage hikes was 0.99 percent.  For states that didn’t see a minimum wage hike, it was 0.68 percent.However, the report said there is...
  • Higher Minimum Wage Does Not Cost Jobs

    07/20/2014 12:03:29 AM PDT · by 2ndDivisionVet · 36 replies
    Voice of Russia ^ | July 8, 2014 | Professor Cyril Ghosh, Wagner College, Staten Island, NY
    SEATTLE (VR) – Does raising the minimum wage kill jobs? Most probably not. Does it increase jobs? We don’t know for sure, but it might. Or at least these are the inferences one is likely to make from a recent report from the Center for Economic and Policy Research. It turns out that 12 out of 13 states that raised their minimum wage on January 1, 2013 are experiencing increases in employment. The report also states that the average change in employment for these 13 states is +.99% while the average change in employment in the remaining states is +.68%....
  • A fracking problem for Dems

    07/19/2014 1:26:35 PM PDT · by Cincinatus' Wife · 2 replies
    The Hill ^ | July 19, 2014 | Laura Barron-Lopez
    Republicans love fracking in Colorado — and it could help them flip a critical Senate seat this fall. The onslaught against Democratic Sen. Mark Udall (Colo.) reached a fever pitch this week when Colorado Gov. John Hickenlooper (D) had to cancel a special legislative session meant to keep two hydraulic fracturing initiatives backed by Rep. Jared Polis (D-Colo.) off the November ballot. Udall, who had stayed out of the fray on the two measures, was forced to take a side much to the GOP's glee. Now, with Colorado as one of the top natural gas producing states in the nation,...
  • This Way Up: Mobility in America [Alive for Americans who pursue technical or practical training]

    07/19/2014 6:05:22 AM PDT · by SeekAndFind · 7 replies
    Wall Street Journal ^ | 07/18/2014 | Tamar Jacoby
    Dakota Blazier had made a big decision. Friendly and fresh-faced, from a small town north of Indianapolis, he'd made up his mind: He wasn't going to college. "I discovered a long time ago," he explained, "I'm not book smart. I don't like sitting still, and I learn better when the problem is practical." But he didn't feel this limited his options—to the contrary. And he was executing a plan as purposeful as that of any of his high-school peers. It started in his junior year with release time from high school to take a course in basic construction skills at...
  • Job Numbers Released; Florida Trending Upward [Media REFUSES to credit Rick Scott]

    07/19/2014 5:52:22 AM PDT · by SoFloFreeper · 4 replies
    wusfnews.com ^ | 7/18/14 | Nathan Powell
    Florida is leading the nation in job growth, adding more than 37,000 jobs this month. The Tampa Bay area has added over 25,000 jobs in the last 12 months, third among metro areas in Florida, according to state officials..
  • San Francisco Median Home Price Hits $1 Million as National Jobs Recovery Atrophies

    07/17/2014 4:33:23 PM PDT · by MRourke85 · 7 replies
    Confounded Interest ^ | 07/17/2014 | Anthony B. Sanders
    The one section of the housing market that is booming is housing for the wealthy. For example, the median home price in San Francisco just hit $1 million. An analysis by DataQuick of 25 of the top U.S. metropolitan areas for multimillion-dollar sales showed purchases for $2 million or more jumped 33 percent in January and February from a year earlier. Unfortunately for the rest of the United States (the mere mortals), the housing affordability (according to the National Association of Realtors) is declining. narafford This is particularly bad news since home prices are rising while real median household income...
  • Will Legalizing Illegals Help Unemployed? Rep. DeLauro: That's a 'Gotcha Question'

    07/17/2014 3:20:23 PM PDT · by Zakeet · 10 replies
    CNS News ^ | July 17, 2014 | Lauretta Brown
    When asked by CNSNews.com on Wednesday whether legalizing illegal aliens would help the unemployed in the United States, Rep. Rosa DeLauro (D.-Conn.) countered that that was a “a gotcha question” and declined to answer it. DeLauro was speaking outside the U.S. Capitol at a rally for the unemployed.
  • Manufacturing Job Growth Helps Move Michigan Ahead

    07/17/2014 12:48:53 PM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 7/12/2014 | Tom Gantert
    Gov. Rick Snyder's Facebook page boasted recently that Michigan led the nation in manufacturing job growth in May by adding 4,500 jobs. In fact, from May 2012 to May 2014, Michigan was first in the nation in gross manufacturing job gains with 25,000 jobs, according to the Bureau of Labor Statistics. Texas was second with 22,000 jobs added. Michigan has been sixth in that time span in percentage growth (4.7 percent). Montana led the nation in percentage growth over the past two years at 8.5 percent. University of Michigan economist Don Grimes said Michigan's economy is doing well, but he...
  • US housing starts sink in June [Summer of No Recovery]

    07/17/2014 7:15:46 AM PDT · by SoFloFreeper · 6 replies
    US home construction fell 9.3 per cent in June, a surprising sign of weakness for a sector that has struggled to maintain momentum over the past year. Housing starts sank last month to a seasonally adjusted annual pace of 893,000, the weakest showing since September 2013, the Commerce Department said Thursday. It was the second-straight monthly drop....
  • US jobless queue shortens, but housing starts plunge sharply in June

    07/17/2014 6:52:23 AM PDT · by SeekAndFind · 31 replies
    CNBC ^ | 07/17/2014
    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market recovery was gaining traction. However, a separate report showed U.S. housing starts and building permits unexpectedly fell in June, suggesting the housing market recovery was struggling to get back on track after stalling in late 2013. Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 302,000 for the week ended July 12, the Labor Department said on Thursday. The prior week's claims were revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast...
  • The Job Interview—Answering Behavioral Questions: Your Biggest Failure

    07/16/2014 8:48:07 PM PDT · by CharlesOConnell · 28 replies
    Big Interview Pro Site ^ | February 20, 2014 | Pamela Skillings
    Part of our continuing series on answering the most common (and trickiest) behavioral interview questions. Tell Me About a Failure What’s the toughest behavioral interview question of them all? For many, it’s this one: Tell me about a time you failed. I’ve noticed that more and more recruiters and hiring managers are including this question in their standard behavioral interviews. Some recruiters will even tell you that this is the most important interview question to ask a candidate. Obviously, you can’t afford to FAIL to answer this question well. However, my experience is that most candidates are terrible at answering...
  • Business majors' job prospects are looking bright

    07/16/2014 7:09:58 AM PDT · by SeekAndFind · 9 replies
    Fortune ^ | 07/16/2014 | by Alison Damast
    For business graduates, job placement appears to be on par with last year, if not slightly better, and salaries are holding firm. At a recent open house for parents of incoming freshmen business students at Bentley University, Career Services Director Len Morrison had an encouraging message to share. Recent graduates have been landing jobs with ease, and companies have been flocking to campus, many making multiple hires, Morrison said. “I told them that I don’t think there is a better time to be graduating as a business student,” he said. “The economy is back and looks like it is moving...
  • 10 Popular Jobs That Are Quickly Disappearing

    07/15/2014 7:40:37 AM PDT · by SeekAndFind · 46 replies
    Business Insider ^ | 07/15/2014 | Emmie Martin
    As the digital sector grows, jobs that rely on older technologies, such as newspaper reporters, mail carriers, and lumberjacks, are rapidly becoming obsolete. A new study by CareerCast revealed the top 10 professions predicted to lose the most jobs by 2022, based on data from the Bureau of Labor Statistics. Mail carriers are most endangered, with a projected 28% decline by the year 2022. Farmers and meter readers will also see significant shrinkage, with an anticipated 19% decline for each within the next eight years. Is your job headed for the trash pile? 1. Mail Carrier BLS job description: Sort...
  • Black American from Gang-Besieged Baltimore: 'Where Can I Get Asylum?'

    07/12/2014 6:35:52 AM PDT · by KeyLargo · 33 replies
    Breitbart ^ | 11 July 2014 | Tony Lee
    Black American from Gang-Besieged Baltimore: 'Where Can I Get Asylum?' by Tony Lee 11 Jul 2014 1612 post a comment As the White House plans to spend billions of taxpayer funds to take care of illegal immigrant children who are unlawfully entering the country, some black Americans who live in some of the most dangerous neighborhoods are wondering where they and their children can get refugee status and aid. On Friday's Laura Ingraham Show, Elaine, a black woman from Baltimore, expressed her outrage that President Barack Obama is putting the interests of illegal immigrant children above those of American citizens....
  • Majority of employees feel they have NO control over decisions in the workplace

    07/11/2014 3:43:07 PM PDT · by CorporateStepsister · 34 replies
    daily Mail ^ | 11 July 2014 | By Louise Boyle
    Most employees believe they have no say when it comes to changes in the workplace that directly affect their jobs. Six out of ten corporate staff said they have little or no input in decisions which affect them personally at work, according to a recent survey by Strayer University and Ipsos. Those over 35 felt their opinions mattered less than those workers aged 18-34 - although perhaps that's just a healthy dose of cynicism that comes from spending longer on the corporate ladder.
  • Bowling, Beer and Pool with President Irrelevant and Governor Irrelevant

    07/11/2014 12:36:47 PM PDT · by Kaslin · 9 replies
    Townhall.com ^ | July 11, 2014 | John Ransom
    Big news out of the White House this week is that the General Service Administration was finally getting around to tackling the all-important bowling alley renovations for White House staffers. Just more shovel-ready, infrastructure jobs to improve the economy. This from Time.com: The bowling alley was recently photographed by POLITICO, which described “chipped lanes and worn-out shoes” in the basement getaway. “It has been fifteen years since these lanes have had any professional, industry standard maintenance, modifications, repairs or attention,” the GSA wrote in the posting. “They are now irreparable. So it was proposed by the GSA that they...
  • Why State Tax Cuts Aren’t Driving Job Growth

    07/11/2014 7:37:04 AM PDT · by SeekAndFind · 11 replies
    Fiscal Times ^ | 07/11/2014 | BY ROB GARVER
    When Wisconsin Gov. Scott Walker delivered his State of the State address in January 2013, he promised that an agenda of budget cutting, reduced taxes and less business regulation would result in a better economic climate and more jobs for his state. “Unlike the message coming out of Washington, I believe that putting more money in the hands of the people — instead of the government — is good for the economy,” said the Republican governor, who is known as a reformer. Walker is just one of several Republican governors who, with the help of friendly Republican-dominated state legislatures, have...
  • Immigration Reform Proponents Must Consider Results From 100 Years Ago

    07/10/2014 7:23:09 PM PDT · by 2ndDivisionVet · 6 replies
    Roll Call ^ | July 10, 2014 | Roy Beck
    (VIDEO-AT-LINK)The effect on the congressional immigration debate after House Majority Leader Eric Cantor’s surprising primary loss should not be about whether to have reform, but whether that reform should be about increasing foreign labor or reducing it. Cantor represented the unanimous views of the leadership of both parties, which have only differed in how and how much to increase lifetime immigrants, guest workers and legalizations of unlawful foreign visitors. By stressing the opposite option — reductions in legal immigration — during his campaign against Cantor, victorious economics professor Dave Brat has suddenly given hope to the many members of Congress...
  • Black Americans: The True Casualties of Amnesty

    07/10/2014 10:02:24 AM PDT · by boycott · 37 replies
    National Review Online ^ | July 9, 2014 | A. J. Delgado
    One of the sleeper issues surrounding the debate on amnesty for illegal immigrants – an inconvenient one that no proponent of a widespread amnesty wishes to acknowledge – is the devastating effect so-called immigration reform will have on African Americans. The black unemployment rate is almost 11 percent, far higher than that of any other group profiled by labor statistics. African Americans are disproportionately employed in lower-skilled jobs – the very same jobs immigrants take. As Steven Camarota asked in a recent column, why double immigration when so many people already aren’t working? Who will be harmed most by amnesty?...
  • Teens Are Having a Hard Time Getting Summer Jobs

    07/10/2014 6:19:36 AM PDT · by george76 · 33 replies
    The Atlantic ^ | Jul 9 2014 | Joe Pinsker
    since working in the summer can predict future job prospects, that matters. ... Hires of 16- to 19-year-olds in May and June dropped 12 percent in comparison to last year. The teen unemployment rate has been in decline in the past year ... teens who work evenings or summers are more likely to find better jobs and earn more money down the line. The reason summer jobs can predict future success is that they allow teens to get acquainted with the working world and to expand their networks. Interestingly, it barely matters what the job consists of.
  • What "Rosy" Job Numbers? Wal-Mart CEO Slams Recovery Mirage

    07/09/2014 7:43:18 AM PDT · by SeekAndFind · 19 replies
    Zero Hedge ^ | 07/08/2014 | Tyler Durden
    When the CEO of the world's biggest company doubts the veracity of US economic data, you know you have a problem. After quarters of disappointing growth in the face of miraculous equity market performance; Wal-Mart CEO Bill Simon warns that shoppers aren’t returning at the pace one might expect years after the recession peaked, despite mainstream media interpretation of the data showing unequivocal growth. Simply put, he exclaims, "the unemployment numbers particularly have been difficult to read with the number of people dropping out of the work force," adding that if we see a further drop in the participation...
  • Part-Time Nation: A deceptive jobs report obscures the dark truth about the Obama economy.

    07/08/2014 9:32:17 AM PDT · by SeekAndFind · 13 replies
    FrontPage Mag ^ | 07/08/2014 | Arnold Ahlert
    Last Thursday, an Obama-centric mainstream media trumpeted the creation of 288,000 jobs and the reduction in the unemployment rate from 6.3 percent to 6.1 percent. Lost in the manufactured euphoria are the sobering details: America is well on its way to becoming a nation where millions of workers can only find part-time, lower-paying jobs. On the surface, the numbers are impressive. The Bureau of Labor Statistics (BLS) reported the aforementioned 288,000 jobs gain, while the household survey reported a gain of 407,000. Yet those numbers pale in comparison to the rise in the number of voluntary and involuntary part-time jobs,...
  • Unemployment Numbers Warn of Growing Entitlement Burden

    07/08/2014 7:02:55 AM PDT · by SeekAndFind
    RCM ^ | 07/08/2014 | Jeffrey Dorfman
    Why do we tax corporations? No, seriously — why? If you’re like most people and all New Democrats, your response will be “because that’s where the money is,” or some variant thereon. Corporations have lots of money, the thinking runs, and are unlikely to mind if the government helps itself to some of it. And since they don’t vote, it doesn’t much matter if they do mind. An economist, on the other hand, would point out that, one way or another, all of the income earned by a corporation finds its way back to the people who financed it, whether...
  • These Three Charts Show Inflation Is Finally Right Around The Corner

    07/07/2014 8:22:17 PM PDT · by Citizen Zed · 16 replies
    Business Insider ^ | 7-5-2014 | JOE WEISENTHAL
    1. Historically, when Capacity Utilization is as high as its now (suggesting not much industrial slack) the inflation rate has been much higher. 2. According to survey data from the National Federation of Independent Businesses, more and more companies are saying they can't find qualified applicants for job openings. 3. Survey data shows a big increase in the number of businesses who say they plan to raise wages in the future.
  • Boeing fears regulatory wave amid battle over fish, water pollution

    07/07/2014 3:48:39 PM PDT · by jazusamo · 24 replies
    Fox News ^ | July 7, 2014 | Dan Springer
    Aerospace giant Boeing finds itself in a fishy fight against Native Americans and environmentalists over pollution in the waterways -- a disagreement that could affect where Washington state's largest employer builds the next generation of planes. At the heart of the fight, which could impact thousands of jobs, is a peculiar question: How much locally caught fish do Washingtonians eat, and what are the health risks? Green groups, alone with Washington state tribes, have sued the Environmental Protection Agency to push for increased fish consumption rates -- currently set at six-and-a-half grams a day. If the number is set higher,...
  • The Unemployment Rate Should Lose Its Job

    07/07/2014 8:15:41 AM PDT · by SeekAndFind · 3 replies
    RCM ^ | 07/07/2014 | By Brian Brenberg & Jared Pincin
    One thing we know about Mayor de Blasio is that he’s serious about creating affordable, quality housing for all New Yorkers. “This is literally the largest and most ambitious affordable-housing program initiated by any city in this country in the history of the United States of America,” de Blasio declared when he announced his “five-borough, 10-year plan” in May. “It is the largest, fastest affordable-housing plan ever attempted at a local level,” he added, vowing to “change the face of this city forever.” Hear that kids? Your rent worries will soon ease. Great news! I wonder if the new promise...
  • Further Look at Employment: Seasonally Adujsted Decline of 523,000 Over Last Month

    07/06/2014 9:34:21 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | July 6, 2014 | Mike Shedlock
    Initial Reaction On the surface, this appeared to be a very strong jobs report from both the household survey and establishment survey perspective. The establishment survey reported a gain of 288,000 jobs while the household survey sported a gain in employment of 407,000. In addition, May was revised up from +217,000 to + 224,000, and April revised up from +282,000 to +304,000. Digging deeper into the details, strength was entirely part-time (and then some). Voluntary part-time employment rose by a whopping 840,000 and involuntary part-time employment rose by 275,000. Compared to a total gain of employment of 407,000, the gain...
  • What's making US economy a world beater? 5 factors(How about those rising prices and taxes?)

    07/05/2014 9:49:57 PM PDT · by sickoflibs · 38 replies
    AOL news ^ | Jul 5th 2014 | PAUL WISEMAN
    How does the U.S. economy do it? Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains. Yet the U.S. job market is humming, and the pace of economic growth is steadily rising. Five full years after a devastating recession officially ended, the economy is finally showing the vigor that Americans have long awaited. Last month, employers added 288,000 jobs and helped reduce the unemployment rate to 6.1 percent, the lowest since September 2008. June capped a five-month stretch of 200,000-plus job gains - the first in nearly 15 years. After having shrunk at a 2.9...
  • The Obama "Spoons" Job Recovery: More Jobs Added, But at Lower Wages (More Part-time Jobs)

    07/05/2014 7:33:38 AM PDT · by MRourke85 · 8 replies
    Confounded Interest ^ | 07052014 | Anthony B. Sanders
    I read conflicting analysis of whether the Obama jobs recovery is better than the George W. Bush jobs recovery. Daily Kos, for example, chastises the GW Bush recovery for having the slowest job recovery in 75 years. It is similar to the age old debate of whether Mickey Mantle was better than Willie Mays. At least Mantle and Mays played roughly at the same time (1950s and 1960s). Bush and Obama each inherited teetering economies and did not serve at the same time. Thus, it is more difficult to compare GWBush versus Obama than a simple Mantle/Mays comparison. Let’s begin...
  • The Insiders: This month’s jobs headlines don’t tell the true story

    07/04/2014 6:03:26 PM PDT · by xzins · 9 replies
    Washington Post ^ | July 3 | Ed Rogers
    The headline of today’s jobs report, that 288,000 jobs were created in the last month, is positive. At least, it is better than a poke in the eye with a sharp stick. However, as with most economic reports these days, there is a veneer of good news — but when you look closer, the White House is using the positive headlines to hide the growing deterioration of the American workforce. Last month, 523,000 full-time jobs were lost, while 799,000 part-time jobs were added. Another way of looking at these numbers is that almost all of the 288,000 jobs created last...
  • The New Republic: Recovery Summer May Finally Have Arrived

    07/04/2014 5:48:29 AM PDT · by SeekAndFind · 39 replies
    The New Republic ^ | 07/04/2014 | By Danny Vinik
    <p>For the past few years, it was like clockwork: A disappointing summer of job growth would give way to a much stronger winter. Economists would hesitantly forecast that the economy was about to kick into second gear. Then the summer would come and the disappointing data would return. But finally, looks like we're ready to break that trend: The economy added 288,000 jobs in June, soundly beating economists’ expectations of 211,000, and the unemployment rate fell to 6.1 percent.</p>
  • Record Number of Americans Not in Labor Force in June

    07/03/2014 7:43:51 AM PDT · by Olog-hai · 13 replies
    Cybercast News Service ^ | July 3, 2014 - 8:48 AM | Ali Meyer
    The number of Americans 16 and older who did not participate in the labor force climbed to a record high of 92,120,000 in June, according to data from the Bureau of Labor Statistics (BLS). This means that there were 92,120,000 Americans 16 and older who not only did not have a job, but did not actively seek one in the last four weeks. That is up 111,000 from the 92,009,000 Americans who were not participating in the labor force in April. …
  • Obama Talks Up Rosy Jobs Numbers and ‘Economic Patriotism’

    07/03/2014 1:20:47 PM PDT · by Nachum · 34 replies
    ABC News ^ | 7/3/14 | Jon Garcia
    President Obama made an unscheduled trip to a D.C.-based tech start-up to cheer about the rosy jobs numbers released this morning and promote his economic strategy. “We have made enormous strides, thanks to the incredible hard work of the American people and American businesses that have been out there competing, getting smarter, getting more effective. And it’s making a difference all across the country,” Obama told workers at “1776,” which the White House describes as a “global hub” to help start-up companies. The government reported today that 288,000 jobs were created last month and that the unemployment rate dropped to...
  • The Stolen Job Myth: Do Immigrants Take Jobs Away from Native-Born Americans?

    07/03/2014 11:03:30 AM PDT · by SeekAndFind · 38 replies
    Townhall ^ | 07/02/2014 | Jeff Jacoby
    IF ANYONE ought to appreciate the power of immigration to stimulate employment, it is America's energetic anti-immigration advocates, whose jobs wouldn't exist if it weren't for the influx of immigrants they spend their days seeking to curtail. Then again, appreciating anything about immigration — least of all the ironies of our endless debate on the subject — goes against the restrictionists' grain. Fulminating about immigrants is one of America's enduring pastimes, and it doesn't leave a lot of room for wry humor. Or for logical consistency. Which helps explain why immigrants can be depicted on Mondays, Wednesdays, and Fridays as...
  • Who Was Hiring In June 2014?

    07/03/2014 8:25:06 AM PDT · by SeekAndFind · 6 replies
    Zero Hedge ^ | 07/03/2014 | Tyler Durden
    As we reported previously, and as hardly anyone else will discuss, in June the composition of added jobs was rather abysmal: according to the Household survey, while over half a million full-time jobs were lost, this was offset by less paying, benefits-free part-time jobs rising by 799K, the most since 1993. So what does that mean for the job quality as reported by the Establishment Survey. Let's dive in.Of the 288K jobs added in June, here were some of the biggest contributors: Retail Trade: 40.2KLeisure and Hospitality: 39KEducation and health: 38KGovernment: 26KTemp Help Service: 13.1K What about the well-paying...
  • Here's How Fox News Covered Today's Awesome Jobs Report

    07/03/2014 8:14:33 AM PDT · by SeekAndFind · 17 replies
    Business Insider ^ | 07/03/2014 | Colin Campbell
    While Thursday's jobs report demolished expectations and sent the country's unemployment rate plummeting to 6.1%, the Fox News Channel noted the "real" unemployment rate was twice that number. Citing the figure the Bureau of Labor Statistics calls "U-6," defined as the "total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers," the conservative-leaning news channel emphasized the higher number. "Brand new monthly jobs numbers to tell you about," a show anchor said Thursday morning, according to video provided by the left-leaning group...
  • June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993

    07/03/2014 7:16:30 AM PDT · by Zakeet · 11 replies
    Zero Hedge ^ | July 3, 2014
    Is this the reason for the blowout, on the surface, payroll number? In June the BLS reports that the number of full-time jobs tumbled by 523K to 118.2 million while part-time jobs soared by 799K to over 28 million! Looking at the breakdown of full and part-time jobs so far in 2014, we find that 926K full-time jobs were added to the US economy. The offset: 646K part-time jobs. Something tells us that the fact that the BLS just reported June part-time jobs rose by just shy of 800,000 the biggest monthly jump since 1993, will hardly get much airplay...
  • World's Oddest Jobs: Meet the toilet tester, professional mermaid and odour examiner

    07/02/2014 12:48:04 PM PDT · by SeekAndFind · 18 replies
    Daily Mail ^ | 07/02/2014
    Nancy Rica Schiff spent 10 years travelling around America tracking down professions that the rest of us never knew existed. Weird jobs include dog food eater, odour judge, and a semen collector. Considering a crazy career change? Meet the people who dress Barbie, examine potato chips, rescue turtles and polish coins for a living This incredible set of pictures show the people found in the weirdest workplaces and with the most peculiar professions in the world. Nancy Rica Schiff is a professional photographer based in New York and Florence, Italy and spends her time hunting down the world's oddest jobs....
  • ADP, Gallup jobs report point to job growth in June

    07/02/2014 12:24:27 PM PDT · by SeekAndFind · 7 replies
    Hotair ^ | 07/02/2014 | Ed Morrissey
    Since Friday is a federal holiday, the Bureau of Labor Statistics will release its jobs report for June 2014 tomorrow. Both ADP and Gallup have their usual leading indicator surveys out this morning, and the news looks relatively good from both. The private sector added 281,000 jobs according to the ADP estimate, the highest growth in more than a year: Private sector employment increased by 281,000 jobs from May to June according to the June ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a...
  • It’s all about jobs in Illinois – Just 900 of them

    07/02/2014 12:11:46 PM PDT · by SeekAndFind · 9 replies
    Hotair ^ | 07/02/2014 | Jazz Shaw
    Welcome to Illinois! The Land of Lincoln… home to the City of the Big Shoulders… a great place to get a thick, round, casserole-like dish which the locals mysteriously refer to as “pizza.” One thing that you probably shouldn’t hope to get in Illinois, though, is a job. Because from August of last year until this May the entire state managed to generate … 900 of them. A report by the Illinois Policy Institute finds that only 500 jobs were created in the state from August 2013 to May 2014, ranking it among the worst in the country over...
  • The 10 Most In-Demand Software Skills

    07/02/2014 9:19:35 AM PDT · by SeekAndFind · 46 replies
    CIO Insight ^ | 07/02/2014 | By Karen A. Frenkel
    The current job market has been very good for software developers, especially those with experience in several programming languages. The unemployment rate for software developers was 2.8 percent in Q1 of 2014, according to the Bureau of Labor Statistics. This is a notable drop from the 5 percent unemployment rate in Q2 of 2009, the quarter when the economic recession ended, and 5.5 percent in Q1 2010. This quarter's report by Dice.com reveals the most-requested skills and platforms, and notes that those with expertise in clusters of language skills are in demand. Furthermore, the Dice report looks at what skills may...
  • US companies added 281,000 jobs in June: Survey

    07/02/2014 8:13:33 AM PDT · by SeekAndFind · 8 replies
    Economic Times ^ | 07/02/2014
    WASHINGTON: A private survey shows US business hiring surged in June, a sign of stronger economic growth. Payroll processer ADP says private employers added 281,000 jobs last month, up from 179,000 in the previous month. The figure suggests the government's jobs report, to be released Thursday, could also show a significant gain from May's tally of 217,000 jobs. But the ADP numbers cover only private businesses and often diverge from the government's more comprehensive report. The improvement in the ADP figures occurred mostly in professional and business services, a category that includes many higher-paying jobs such as accountants and engineers,...
  • Immigrant versus Citizen Employment

    06/30/2014 7:19:08 AM PDT · by SeekAndFind · 11 replies
    American Thinker ^ | 06/30/2014 | Michael Grable
    In Friday's American Thinker, Thomas Lifson drew three valid conclusions from the recent study disclosing that the nation's total net employment gain so far during the 21st century has gone exclusively to immigrants, "while native-born Americans have suffered a decline in the numbers employed."  Here’s one additional conclusion: we're complementing the American welfare state by recruiting workers from the world's failed nations – and, in the process, setting ourselves up to also become a failed nation.Why does an America that each year spends over 6% of its entire gross domestic product on welfare transfer payments need to recruit replacement workers...