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Keyword: labor

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  • UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

    07/17/2014 7:27:51 AM PDT · by Red Badger · 1 replies
    www.dol.gov ^ | 07-17-2014 | Bureaucrats
    In the week ending July 12, the advance figure for seasonally adjusted initial claims was 302,000, a decrease of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 304,000 to 305,000. The 4-week moving average was 309,000, a decrease of 3,000 from the previous week's revised average. This is the lowest level for this average since June 2, 2007 when it was 307,500. The previous week's average was revised up by 500 from 311,500 to 312,000. There were no special factors impacting this week's initial claims.
  • Labor board scrambles after hundreds of decisions thrown into doubt by court ruling

    06/27/2014 10:14:30 AM PDT · by lilyramone · 15 replies
    Fox News ^ | June 27, 2014 | FoxNews.com
    The Supreme Court ruling on Thursday that invalidated three appointments made by President Obama to the National Labor Relations Board has thrown hundreds of the board's decisions into question. The board that rules on labor disputes is now scrambling to determine the impact of the high court decision. At issue is whether board decisions made when the now-invalid appointees were participating will have to be re-decided under the current NLRB.
  • Immigration Reform Can't Wait

    06/18/2014 5:53:52 PM PDT · by Theoria · 39 replies
    WSJ ^ | 18 June 2014 | Rupert Murdoch
    There is rarely a good time to do hard things, and America won't advance if legislators act like seat-warmers. When I learned that House Majority Leader Eric Cantor had lost his Republican primary, my heart sank. Not simply because I think he is an intelligent and talented member of Congress, or because I worry about the future of the Republican Party. Like others who want comprehensive immigration reform, I worried that Mr. Cantor's loss would be misconstrued and make Congress reluctant to tackle this urgent need. That would be the wrong lesson and an undesirable national consequence of this single,...
  • The “Paying To Work For Free” VFX Business Model (Gov funded college degrees for this)

    06/13/2014 6:04:53 PM PDT · by ransomnote
    vfxsoldier.wordpress.com ^ | 2012 | VFXSoldier (pen name of blogger)
    New horizontal expansion includes government-funded Bachelors and Masters programs wherein students pay Digital Domain to work for Digital Domain Soon after my tweet I get an email from a new VFX blogger called OccupyVFX who was able to find audio of the presentation given by Digital Domain’s CEO John Textor. The whole 22 minute presentation is posted above but the surprising part starts around 15:40 when Mr. Textor talks about their new VFX school in Florida called Digital Domain Institute: Classes starting in the education space, what’s interesting is the relationship between the digital studio and the college. Not only...
  • Canadian Oil Sands Projects Continue to Vie for Skilled Talent

    06/13/2014 5:51:42 AM PDT · by thackney · 8 replies
    Rig Zone ^ | June 12, 2014 | Robin Dupre
    Employment in Canada's oil sands sector expects to reach around 98,380 jobs over the next decade. More than 98,000 oil sands construction, maintenance and operations jobs will be generated over the next decade, according to a new report “the Oil Sands Construction, Maintenance and Operations Labour Demand Outlook to 2023”. “Accurate labor market information gives us a clear understanding of the workforce issues affecting oil sands development, and helps ensure that $172 billion in wages and salaries continues to generate economic benefits right across this country. This new information helps government and industry make the best possible decisions, and helps...
  • Big Labor's VA Choke Hold

    05/30/2014 6:03:59 AM PDT · by KeyLargo · 6 replies
    The Wall Street Journal ^ | May 29, 2014 | Kimberley A. Strassel
    Big Labor's VA Choke Hold How Democrats put their union allies before the well-being of veterans. By Kimberley A. Strassel May 29, 2014 We know with certainty that there is at least one person the Department of Veterans Affairs is serving well. That would be the president of local lodge 1798 of the National Federation of Federal Employees. The Federal Labor Relations Authority, the agency that mediates federal labor disputes, earlier this month ruled in favor of this union president, in a dispute over whether she need bother to show up at her workplace—the Veterans Affairs Medical Center in Martinsburg,...
  • Farage hails UKIP triumph as Labour and the Tories are humiliated

    05/25/2014 5:11:49 PM PDT · by Beave Meister · 15 replies
    The Daily Mail ^ | 5/25/2014 | MATT CHORLEY, MAILONLINE POLITICAL EDITOR
    Nigel Farage tonight claimed victory in the European elections, becoming the first 'insurgent party' to top a national vote. With results still being declared, Mr Farage broke cover to predict he will humiliate the Westminster parties, pushing Labour and the Tories into second and third. Support for Ukip has surged by more than 12 per cent, outstripping a more modest boost in votes for Labour, while the Lib Dems faced near-wipeout, with some calling for Nick Clegg to resign. Mr Farage said: 'Ukip is going to win this election and yes that will be an earthquake because never before in...
  • The Part of the Obama Admin. That’s Supposed to Help U.S. Workers Is Calling for More Foreign Labor

    05/20/2014 9:46:06 AM PDT · by SeekAndFind · 8 replies
    TheBlaze ^ | 05/20/2014 | Pete Kasperowicz
    The Obama administration’s Department of Labor, which is supposed to represent the needs of U.S. workers, said Monday that the government needs to find ways to get more skilled foreign workers into the country.“We also need to fix our broken immigration system to encourage more highly educated foreign-born workers to come to the United States,” Deputy Secretary of Labor Chris Lu said in a blog post. “If we are to compete in a global economy, we must continue to attract and retain the world’s brightest minds.” “Too many foreign students – many from Asian countries – come to the...
  • With Democrats and unions out of the way Detroit could be America’s first truly Chinese city

    05/14/2014 10:28:52 AM PDT · by Oldpuppymax · 12 replies
    Coach is Right ^ | 5/14/14 | Kevin "Coach" Collins
    Now that Detroit has been sucked dry by Democrat criminality and union greed, the Chinese are eager to become America’s new wave of “homesteaders.” As Detroit continues to crumble and disappear in its current form a “Chinese Phoenix” may be rising out of the ashes. Chinese buyers are scooping up dilapidated homes throughout the once great Motor City in hopes of turning the town into a “little Beijing.” The question here becomes: How is this happening? The governor of Michigan, Republican Rick Snyder, has already made a formal request to Obama’s Homeland Security for 50,000 special immigration visas to accommodate...
  • Labor Secretary Dismisses Historical Drop in Labor Participation Rate

    05/02/2014 1:56:34 PM PDT · by Nachum · 14 replies
    free beacon ^ | 5/1/14 | staff
    Secretary of Labor Tom Perez dismissed today’s reported drop in the labor participation rate this morning on CNBC. According to the Department of Labor the economy created 288,000 jobs in the month of April, but the labor participation rate dropped 0.4 percentage points back to a historical low of 62.8 percent. Host David Faber put it to Perez directly, noting the labor participation rate drop is not due to people retiring given the participation rate for individuals 55 and older actually increased. “The civilian labor force dropped by 806,000 in April. The participation rate down by 0.4 percentage points, lowest...
  • The household survey is insane, Opinion: Don’t believe the drop in the unemployment rate to 6.3%

    05/02/2014 9:00:21 AM PDT · by Oldeconomybuyer · 19 replies
    Market Watch ^ | May 2, 2014 | By Rex Nutting
    The household survey is simply insane. Do not pay any attention to it. Do not make eye contact. Just calmly walk away. It’s simply not believable that the labor market contracted so violently according to one survey, while at the same time a separate survey of business establishments showed strong payroll growth of 288,000. Consider this: The jobless rate fell because 733,000 fewer people were considered unemployed. That’s the largest one-month decline since 1949, when unemployment fell by 920,000 when two large national strikes concluded. Nothing like that happened in April.
  • The Missing Middle Class: Jobs in the Second Machine Age

    04/27/2014 2:55:50 PM PDT · by anymouse · 56 replies
    Xconomy ^ | March 21, 2014 | Wade Roush
    Technological change is not a tide that lifts all boats in our economy. The truth is that it’s more like a tsunami. It threatens to overturn all the boats and drown their occupants, sparing only the lucky few who have already reached safety in the hills. That’s the kind of admission you won’t often see here in the pages of Xconomy. The X in our name, after all, stands for exponential, a reference to the stunning pace of technological progress and economic growth over the past 75 years—growth attributable largely to advances in computer hardware and software and the organizational...
  • In France, it’s now illegal to work late

    04/11/2014 10:48:04 AM PDT · by Oldeconomybuyer · 13 replies
    Unions and employers in France have come to a labor agreement that employees are not allowed to check their work-related emails once the work day is done, the Guardian reports. Although the country adopted the 35-hour work week in 1999, workers have complained about having to clock in at home. The deal, which is legally binding, affects 250,000 employees in the tech and consultancy industries, including workers at the French branches of Google, Facebook, and Deloitte. Under the new law – which does not have a particular time requirement – employees cannot look at their computers, phone, or anything else...
  • The IRS of Labor: Obama’s cabinet may be giving increased scrutiny to non-union factories

    04/09/2014 7:12:03 AM PDT · by SeekAndFind · 7 replies
    National Review ^ | 04/09/2014 | Jillian Kay Melchior
    Alabama representative Martha Roby, a Republican from Montgomery, is concerned that the U.S. Department of Labor is targeting Southern vehicle and auto-parts manufacturers because of their failure to unionize. Automotive manufacturers in Alabama, Georgia, and Mississippi are all now subject to in-depth inspections, part of an Occupational Safety and Health Administration (OSHA) regional emphasis program that went into effect on January 15. This increased scrutiny comes a year after the agency also issued a rule clarification in response to a question from organized labor, newly allowing union staffers to accompany OSHA officials on inspections to non-union sites. “I find the...
  • National Average Labor Participation Rate at 35 year low, February 2014

    03/08/2014 2:28:54 PM PST · by DBCJR · 14 replies
    Day before yesterday I heard on the news that the National Average Labor Participation Rate hit a record low of 63.2%. I checked it on the Dept of Labor site this morning and that report was unavailable - even though it was a Google search result, indicating at one time it WAS available. Again, Obama cleans up his ugly mess.
  • Labor Force Participation in 2013 Lowest in 35 Years

    03/03/2014 8:06:59 PM PST · by Nachum · 7 replies
    cns news ^ | 3/3/14 | Ali Meyer
    (CNSNews.com) - The average annual labor force participation rate hit a 35-year-low of 63.2 percent in the United States in 2013, according to data from the Bureau of Labor Statistics (BLS). The last time the average annual labor force participation rate was that low was in in 1978, when it was also 63.2 percent. Jimmy Carter was president then. The BLS bases its employment statistics on the civilian noninstitutional population, which consists of all people in the United States 16 or older who are not on active duty in the military or in an institution such as a prison, nursing...
  • Unions to Spend $300 Million to Unseat Scott Walker, Other Governors

    02/22/2014 8:44:48 PM PST · by afraidfortherepublic · 45 replies
    Wisconsin Election Watch ^ | 2-13-14 | Kyle Maichle
    HOUSTON, TX – The nation’s leading labor union will plan to spend $300 million in 2014 trying to unseat Wisconsin Governor Scott Walker and four other Republican Governors. More: AFL-CIO to Target Walker, Other Governors People’s World reported that the AFL-CIO announced on Thursday morning during a press conference in Houston that they would spend money trying to unseat Governor Walker. Other Governors that the labor organization is targeting are John Kasich (R-Ohio), Tom Corbett (R-Pennsylvania), Rick Snyder (R-Michigan), and Rick Scott (R-Florida). The American Federation of Teachers backed the AFL-CIO’s plan. President Randi Weingarten said: “In many ways it...
  • Argentina: Capitanich reveals Gov’t offered 22% salary rise to teachers

    02/21/2014 4:35:39 PM PST · by Oldeconomybuyer · 2 replies
    Buenos Aires Herald ^ | February 21, 2014
    Cabinet Chief Jorge Capitanich revealed in a press conference that the Government offered teachers unions a 22 percent salary rise during today’s bargain negotiations. The offer included a “perfect attendance” plus that could raise the increment to reach 26.8% if respected. “Teachers unions claimed 61% and 35% salary increments. This is impossible,” said the Cabinet Chief, and added that the Government “hopes to near positions with the unions and close a deal next Monday or Tuesday”.
  • Union Suffers Big Loss at Tennessee VW Plant

    02/15/2014 6:13:18 AM PST · by KeyLargo · 69 replies
    Wall Street Journal ^ | Feb 14, 2014 | Neal E. Boudette
    Union Suffers Big Loss at Tennessee VW Plant Volkswagen workers rejected the UAW by a vote of 712 to 626. Neal E. Boudette Updated Feb. 14, 2014 11:44 p.m. ET The United Auto Workers union suffered a crushing defeat Friday, falling short in an election in which it seemed to have a clear path to organizing workers at Volkswagen AG VOW3.XE +1.10% 's plant in Chattanooga, Tenn. The setback is a bitter defeat because the union had the cooperation of Volkswagen management and the aid of Germany's powerful IG Metall union, yet it failed to win a majority among the...
  • U.S. senator drops bombshell during VW plant union vote (Tennessee)

    02/13/2014 4:12:16 PM PST · by 2ndDivisionVet · 38 replies
    Reuters ^ | February 13, 2014 | Bernie Woodall
    U.S. Senator Bob Corker of Tennessee said on Wednesday he has been "assured" that if workers at the Volkswagen AG plant in his hometown of Chattanooga reject United Auto Worker representation, the company will reward the plant with a new product to build. Corker's bombshell, which runs counter to public statements by Volkswagen, was dropped on the first of a three-day secret ballot election of blue-collar workers at the Chattanooga plant whether to allow the UAW to represent them. Corker has long been an opponent of the union which he says hurts economic and job growth in Tennessee, a charge...
  • Exclusive: Labor Secy Hilda Solis Failed to Report Trips on Union's Pvt Jet-'09 Confmtn Hrgs

    02/10/2014 9:30:09 PM PST · by joinedafterattack · 38 replies
    Hews Media via Los Cerritos News ^ | February 10, 2014 | By Randy Economy and Brian Hews
    <p>Hews Media Group-Community News has obtained a lawsuit filed in the California Central US District Court claiming that former US Labor Secretary Hilda Solis, a current candidate for the Los Angeles County Board of Supervisors, was provided thousands of dollars worth of free private jet travel without declaring the trips on the federal government required forms, paid for by the powerful International Union of Operating Engineers based in Pasadena during the same period she was undergoing confirmation hearings to become part of President Barack Obama’s Cabinet.....</p>
  • Minimum Wages: Few Benefits, Many Consequences

    02/10/2014 2:25:41 PM PST · by ThethoughtsofGreg · 4 replies
    American Legislator ^ | 2-10-14 | Will Freeland
    President Obama’s recent State of the Union address was the culmination of months of advocacy from Democrats and activists for a higher minimum wage. The President proposed a raise to the minimum wage for federal contractors by executive order to $10.10 per hour and called on Congress to raise the national minimum wage for all workers to the same mark, along with indexing it to inflation. A raise of the national minimum wage was framed as giving low income workers the “living wage” they deserve and fighting perceived growth in income inequality in America. Though the President’s proposal is well...
  • Black Labor Force Participation Rate Under Obama Hits Rock Bottom--Lowest Level Ever Recorded

    01/13/2014 9:06:48 AM PST · by kristinn · 40 replies
    The Gateway Pundit ^ | Monday, January 13, 2014 | Kristinn Taylor
    Five years in to Barack Obama’s presidency, the number of African-Americans participating in the labor force has hit rock bottom. The news media has ignored this stunning revelation from Friday’s monthly jobs report by the Labor Department. The exception has been PBS, which interviewed economist Dean Baker who had written about it in a report published Friday. “The drop in labor force participation was sharpest for African Americans, who saw a decline of 0.3 percentage points to 60.2 percent, the lowest rate since December of 1977. The rate for African American men fell 0.7 percentage points to 65.6 percent, the...
  • SCOTUS to Decide Landmark Recess Appointment Case

    01/11/2014 7:49:18 AM PST · by Kaslin · 28 replies
    Townhall.com ^ | January 11, 2014 | Fred Wszolek
    In the coming days, the U.S. Supreme Court will hear oral arguments in the case of Noel Canning versus the National Labor Relations Board (NLRB). This case arose when President Obama made several so-called recess appointments to the Board on January 4, 2012 when the Senate was not formally in recess. This landmark case is expected to determine how much leeway the President has to make appointments without Senate confirmation, and more significantly, it will have serious implications on the broader powers of the presidency itself and the system of checks and balances. The United States Court of Appeals for...
  • Beilin: Rabin Fought With 'Settlers' For the Sake of It

    12/22/2013 7:42:49 AM PST · by Eleutheria5 · 4 replies
    Arutz Sheva ^ | 22/12/13 | David Lev
    Former minister Yossi Beilin said Saturday that former Prime Minister Yitzchak Rabin was a man with a short temper and a long streak of nastiness when it came to dealing with residents of towns in Judea and Samaria. “It wasn't worthy behavior for a Prime Minister,” said Beilin, a former Labor politician who was identified with the radical-left elements of the party. Beilin, one of the proponents of the Geneva Initiative, which advocated a total Israeli withdrawal from all lands liberated in 1967, said that Rabin “would fight with the settlers for fighting's sake. When you want to remove thousands...
  • Scott Walker: Republicans should focus on economic issues to take back the Senate

    12/14/2013 2:33:46 PM PST · by AstralisLux · 90 replies
    12/14/13
    Asked how the GOP could win the Senate in the 2014 elections, Walker explained that Republicans must not be viewed as the 'party of no' as Democrats have tried to brand them. "As they're running for Senate, focus on the two key issues: an economic concern in our country, [and] there are still too many who are not coming through." Walker explained that Reagan's 1980 acceptance speech should be a model for the Republican Party to message for voters. "If you live in poverty, we want to lift you out,” he said. “We don't want to leave anyone behind. We...
  • Sa'ar: Left's 'Mistaken Outlook' Threatens Israel

    12/10/2013 10:00:05 AM PST · by Eleutheria5 · 3 replies
    Arutz Sheva ^ | 10/12/13 | Ari Yashar
    Interior Minister Gideon Sa'ar (Likud) spoke to Arutz Sheva on Tuesday, saying that by opposing the recently passed law to prevent infiltration by illegal immigrants, the leftist factions in the Knesset have taken a "mistaken outlook" that endangers the future of Israel. The law was officially passed on Monday after a heated debate. It allows police to jail illegal migrants for up to 12 months in special detention facilities, after the previously existing law allowing 3 years of internment was overturned by the Supreme Court in September. Sa'ar expressed confidence that the law would stand up to any petitions in...
  • Bar-Lev: Obama is a true Friend of Israel

    12/07/2013 9:25:08 PM PST · by Eleutheria5 · 24 replies
    Arutz Sheva ^ | 8/12/13
    MK Omer Ber-Lav (Labor) said, "President Obama clarified at the Saban Forum that the agreement obtained with Iran is the best possible option under the circumstances, as there was no option of entirely dismantling the Iranian nuclear program. Obama is a true friend of Israel, and I hope Prime Minister Netanyahu will successfully maneuver the superpowers to make the final agreement with Iran much better than...
  • Get ready for lies and Labor Department statistics

    12/03/2013 4:58:47 AM PST · by SeekAndFind · 8 replies
    New York Post ^ | 12/03/2013 | John Crudelle
    The Labor Department will release its latest unemployment data this Friday. But it won’t put a note in the news release saying that its jobless figures might have been fabricated. So I’ll write the note for the department, which is, understandably, shy about the whole matter. Warning: The unemployment numbers you see in this press release may have been fabricated. In fact, the jobless rate that seems so important to the Federal Reserve, economists, businesses and so many others might have been a joke for years. Use these numbers at your own risk.
  • Putting The GINI Back In The Bottle: GINI Coefficient Keeps Rising While Real Income Falls

    11/28/2013 11:04:45 AM PST · by whitedog57 · 3 replies
    Confounded Interest ^ | 11/28/2013 | Anthony B. Sanders
    Government policies including the Fed monetary expansion have seeming made matters worse for the average American family. Particularly since 2007. The GINI coefficent is a measure of income distribution in country. And it has been skyrocketing since 2007 when Democrats took control of Congress and 2009 when they achieved a majority in both the House and Senate AND the Presidency. But for all the talk of income redistribution and “leveling the playing field,” things have only gotten worse for the average American household. Here is the GINI coefficent for the USA since 2005. Note the decline from 2006 to 2007,...
  • Zuckerberg Launches New Ad Campaign to Push for Amnesty

    11/18/2013 5:20:22 PM PST · by SoFloFreeper · 37 replies
    Breitbart ^ | 11/18/13 | M Boyle
    Facebook’s billionaire founder Mark Zuckerberg has launched a series of new television ads pushing for Congress to pass amnesty now, Politico reports. The new ad quotes President Barack Obama, House Minority Whip Rep. Steny Hoyer (D-MD), House Majority Leader Rep. Eric Cantor (R-VA) and House Speaker John Boehner and strikes, as Politico’s Maggie Haberman wrote, a new “tone” for Zuckerberg. “The ads, obtained by Politico, mark a shift in course for the group,” Haberman wrote. “Its earlier ads — aired through FWD.us and its partisan-leaning affiliates — sought to persuade with a gentler tone, or by offering cover to Senate...
  • Teacher harassed by union and school district after reporting cheating scandal

    11/14/2013 1:27:36 PM PST · by Oldpuppymax · 3 replies
    Coach is Right ^ | 11/14/13 | Doug Book
    When Trevor Colestock, an award winning librarian at the Miami Norland High School, reported a cheating scandal on standardized tests, he believed he was doing the right thing. But when a Miami-Dade Public Schools Inspector General verified Colestock’s claims, the teachers union–of which Colestock is an elected union steward–and Miami-Dade Public Schools decided that too much honesty is bad for business. According to the Inspector General, Norland students “…were allowed to cheat on a computerized test designed to prepare students for quality employment after graduation.” Apparently a number of students “…were provided with a cheat sheet or were allowed to...
  • Boeing may look to Right to Work states for newest plane

    11/14/2013 6:52:15 AM PST · by SeekAndFind · 31 replies
    Hotair ^ | 11/14/2013 | Jazz Shaw
    This will probably come as no surprise to those who watched the federal government stepping in to help unions strongarm manufacturers in the last few years, but Boeing is back in the news with more labor issues. The aerospace giant is getting ready to unveil their newest jet – the 777X – which had been widely expected to be built in the Seattle area as so many of their other lines have been. But at the last minute, the unions decided the deal wasn’t fat enough for their tastes. Boeing workers’ rejection of a new labour deal has sent the...
  • Americans’ Participation in Labor Force Hits 35-Year Low

    11/12/2013 3:47:50 PM PST · by Nachum · 20 replies
    Cybercast News Service ^ | 11/12/13 | Ali Meyer
    The percentage of American civilians 16 or older who have a job or are actively seeking one dropped to a 35-year low in October, according to the Bureau of Labor Statistics. In September, the labor force participation rate was 63.2 percent, but in October it dropped to 62.8 percent—the lowest it has been since February 1978, when Jimmy Carter was president. The labor force, according to BLS, is that part of the civilian noninstitutional population that either has a job or has actively sought one in the last four weeks. The civilian noninstitutional population consists of people 16 or older,
  • Whopping 932,000 Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low

    11/08/2013 6:13:43 AM PST · by Zakeet · 34 replies
    Zero Hedge ^ | November 8, 2013
    Complete Headline: Whopping 932,000 Americans Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low The only two charts that matter from today's distorted non-farm payrolls report. First, the labor force participation rate, which plunged from 63.2% to 62.8% - the lowest since 1978! But more importantly, the number of people not in the labor force exploded by nearly 1 million, or 932,000 to be exact, in just the month of October, to a record 91.5 million Americans! This was the third highest monthly increase in people falling out of the labor force in US...
  • Senate Democrats Pause From Obamacare to Push Labor Bills (And ENDA, minimum wage bills, etc.)

    11/05/2013 6:29:19 AM PST · by Qbert · 10 replies
    Bloomberg | 2013-11-05 | Kathleen Hunter
    Bloomberg, link only: http://www.bloomberg.com/news/2013-11-05/senate-democrats-pause-from-obamacare-to-push-labor-bills.html
  • US And European Teen Unemployment Remain Appallingly High (But US Has Far Lower Participation)

    10/31/2013 8:54:25 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 10/31/2013 | Anthony B. Sanders
    According to OECD, teen unemployment rates (under 25) in Europe continue to escalate, particularly in Greece and Spain. eurounemploy That is scary looking! It reminds me of The Who’s song “Teenage Wasteland.” But, the US is no slouch when it comes to teen unemployment. The 16-19 cohort is seeing an unemployment rate of 22.60% while to 20-24 cohort is experiencing 12.80% unemployment. For the sake of comparison, I also included Germany teenage (under 25) unemployment which is 7.70%. unemployteenusgerm For the entire population, here is a chart of labor force participation in Germany, Spain, USA and Mexico. lfp103113 Even beleaguered...
  • Means-Tested Government Benefit Recipients Outnumber Full-Time Year-Round Workers

    10/26/2013 6:47:32 AM PDT · by blam · 10 replies
    CNS News ^ | October 24, 2013 - 11:32 PM | Terence P. Jeffrey
    Census Bureau: Means-Tested Gov't Benefit Recipients Outnumber Full-Time Year-Round Workers October 24, 2013 - 11:32 PM By Terence P. Jeffrey (CNSNews.com) - Americans who were recipients of means-tested government benefits in 2011 outnumbered year-round full-time workers, according to data released this month by the Census Bureau. They also out-numbered the total population of the Philippines. There were 108,592,000 people in the United States in the fourth quarter of 2011 who were recipients of one or more means-tested government benefit programs, the Census Bureau said in data released this week. Meanwhile, according to the Census Bureau, there were 101,716,000 people who...
  • 90,609,000: Americans Not in Labor Force Climbs to Another Record

    10/22/2013 11:32:26 AM PDT · by Nachum · 21 replies
    cns news ^ | 10/22/13 | Terence P. Jeffrey
    (CNSNews.com) - The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has climbed to a record 90,609,000 in September, according to data released today by the Bureau of Labor Statistics. The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. A person is not participating in the labor force if they are 16 or older and have not sought a job in the...
  • 154,000 Fewer Women Held Jobs in September; Female Participation in Labor Force Matches 24-Year Low

    10/22/2013 11:26:20 AM PDT · by Nachum · 8 replies
    cns news ^ | 10/22/13 | Terence P. Jeffrey
    (CNSNews.com) - American women participated in the nation’s labor force in September at a rate that matched the lowest level in 24 years, according to data released today by the Bureau of Labor Statistics. At the same time, the number of women actually holding jobs declined by 154,000 from August to September. Because the number of women participating in the labor force declined in September, the drop in the number of women who were actually employed did not cause an increase in the unemployment rate for women. In fact, even though 154,000 fewer women worked in August than September, the...
  • Labor Force Dropouts Exceed Private Jobs Created (U6 Unemployment Rate At 13.6%)

    10/22/2013 7:08:18 AM PDT · by whitedog57 · 13 replies
    Confounded Interest ^ | 10/22/2013 | Anthony B. Sanders
    According to the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose by 148,000 in September, and the unemployment rate was little changed at 7.2 percent. The bad news? Economists were predicting 180,000 increase in employment. Even worse, the increase in PRIVATE payrolls was only 126,000. empdata102213 U6 unemployment fell to 13.6% while labor force participation remained the same. u6lfp102213 Where were the jobs created? Transportation and Warehousing: + 23K Government: +22K Retail Trade: +21K Temp Help: +20K NOT in labor force increased by 136,000. So, the labor force dropouts exceed private jobs created. Charming. These numbers are not...
  • Spain Versus The USA: A Tale Of Two Entitlement States (Spain RISING Labor Participation!)

    10/17/2013 4:20:50 PM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 10/17/2013 | Anthony B. Sanders
    AN UNSUSTAINABLE SYSTEM The chart will shake future pensioners If you trust your retirement to politicians, poor end up feeling cheated. JUAN RAMÓN RALLO 16/10/2013 This is a chart that should make us all reflect on pensions. Displays the expected development of the working population and the number of pensioners. Although it is a terrifying figure, is based on two assumptions fed optimistic: the first is that in Spain work 70% of the population old enough, rather than just get in full bubble, the second is that the number of pension pay matches that of people over 67 years, which...
  • How Obamacare Will Shrink the Labor Supply (freeloaders jazzed)

    10/14/2013 2:38:30 PM PDT · by Libloather · 4 replies
    National Review ^ | 10/14/13 | Veronique de Rugy
    Under the Affordable Care Act, someone making less than 138 percent of the poverty line qualifies for Medicaid, and someone between 138 and 400 percent of the poverty line is qualified to receive a federal tax subsidy for health insurance bought on a government exchange. But here is the problem: premiums will rise for millions of Americans because of requirements that policies provide certain benefits that they didn’t offer before. This means plenty of people will now have a pricier plan, and no way to defray the cost. My colleague Chuck Blahous sends me this piece from SFGate that gives...
  • Obamanomics: M1 Multiplier and M2 Money Velocity Fall to New Lows, Labor Participation Collapsing

    10/13/2013 4:24:18 PM PDT · by whitedog57 · 53 replies
    Confounded Interest ^ | 10/13/2013 | Anthony B. Sanders
    According to The Federal Reserve G.19 Report for August, consumer debt topped $3 trillion! Of course, Federal government debt has topped $16 trillion, over 5 times the amount of consumer debt. Note that pickup in Federal debt growth compared to consumer debt growth after Q2 2008 (red box). feddebtconsumer Here is a chart of revolving consumer credit versus non-revolving credit. Non-revolving debt (e.g., auto loans) have effectively replaced revolving debt. revnonrev Business loans have finally grown past the prior peak in 2008. frbusloasn On the government side, current expenditures (purple line) continue to grow, but the rate of growth flattened...
  • Mortgage Purchase Applications Decline 6% As ADP Employment Shows Slowing Trend (Obamacare At Work)

    10/02/2013 7:52:01 AM PDT · by whitedog57 · 5 replies
    Confounded Interest ^ | 10/02/2013 | Anthony B. Sanders
    spoke at the American Action Forum / Progressive Policy Institute conference “From Recovery to Reform: Building a Sustainable Housing Finance System.” It was a great line-up including Stan Humphries from Zillow, Mark Zandi from Moody’s Analytics, Jim Millsteen, Mark Calabria from Cato and former Minnesota governor Tim Pawlenty. I did mention that any housing reform should consider the continuing decline in labor force participation and declining real median household income, signals that renting may be the preferred option for many and perhaps we should focus on multifamily markets rather than just single-family detached housing finance. lfpmedrealinc An example of my...
  • Republicans think Labor Department has secret Obamacare 'fix' for unions

    09/21/2013 4:16:36 AM PDT · by afraidfortherepublic · 31 replies
    The Washington Examiner ^ | 9-21-13 | Sean Higgins
    Two Republican House lawmakers asked the Labor Department to provide "all legal analyses" it has done on a proposed Obamacare "fix" sought by Big Labor. The lawmakers think the administration is secretly working on a such a fix but trying to keep it hidden from the public. In a letter Wednesday to Labor Secretary Thomas Perez, House Education and the Workforce Committee Chairman John Kline, R-Minn., and Rep. Phil Roe, R-Tenn., said their request was prompted by the mysterious disappearance of a posting on the Office of Management and Budget's website saying it had received DOL's proposed rule on the...
  • Editorial: Minimum wage boost in California is long overdue

    09/12/2013 6:42:17 AM PDT · by Oldeconomybuyer · 21 replies
    Sacramento Bee ^ | September 12, 2013 | Editorial Board
    There can be no debate about the nation’s anemic economic recovery and its effect on the working poor. While the stock market is soaring again, jobs and wages continue to lag. Democratic leaders and the governor have rightly agreed to raise California’s minimum wage significantly – to $10 over two years. It would increase to $9 on July 1, 2014, and to $10 on Jan. 1, 2016. In an economy with a record-high income gap (the top 10 percent of earners took more than half of the nation’s total income last year), such an adjustment is justified and long overdue....
  • AFL-CIO Convention Calls for Fixes in Affordable Care Act

    09/12/2013 6:26:18 AM PDT · by Oldeconomybuyer · 17 replies
    AFL-CIO.org ^ | September 11, 2013 | By Mike Hall
    ...Laborers (LIUNA) President Terry O'Sullivan, who endorsed the resolution, told the convention delegates that without changes to the way the ACA is implemented, there are likely to be "unintended consequences" that will hurt workers' health care coverage. AFT Secretary-Treasurer Lorretta Johnson said many AFT members, including para-professionals, adjunct college professors, nurses and public employees, have had their hours cut to under the 30-hour week threshold they must work before ACA requires employers to provide affordable, comprehensive health care coverage or pay a penalty. Trumka did tell the delegates that "the labor movement is engaged in ongoing dialogue with a number...
  • Just How Distorted is the U.S. Unemployment Rate Number?

    09/10/2013 7:18:23 AM PDT · by SeekAndFind · 11 replies
    Townhall ^ | 09/10/2013 | Mike Shedlock
    On the first Friday of every month, I go through the jobs report and note the grossly distorted statistics. For example, please see BLS in Wonderland written Friday, September 6  Every month I conclude with a couple paragraphs like these:  Grossly Distorted Statistics Were it not for people dropping out of the labor force, the unemployment rate would be over 9%. In addition, there are 7,911,000 people who are working part-time but want full-time work. Digging under the surface, much of the drop in the unemployment rate over the past two years is nothing but a statistical mirage coupled with a massive increase...
  • US Labor Force Participation Sinking While Others Economies Rising Or Flat

    09/07/2013 5:40:02 PM PDT · by whitedog57 · 5 replies
    Confounded Interest ^ | 09/07/2013 | Anthony B. Sanders
    Friday’s jobs report was a disappointment with, among other things, labor force participation falling to 63.2%. As I noted on Friday, labor force participation is falling generally with M2 Money Velocity. lfpm2v But here is real clinker that makes the jobs report even worse. Countries like Australia, Germany and The UK are seeing either RISING or stable labor force participation. Canada is seeing a decline in their labor force participation rate, but not as bad as the US rate. lfpcount Since each of these countries are “western” with similar demographics, we can chuck the aging population meme out the window....