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Keyword: mcjobs

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  • Despite focusing on the economy, Obama's approval slides

    08/15/2013 7:29:48 AM PDT · by Oldeconomybuyer · 20 replies
    CBS News ^ | August 15, 2013 | by Jake Miller
    The number of Americans who approve of President Obama's handling of the economy has slid seven points since June to 35 percent, according to a new poll from Gallup. During the same period, the number of Americans who approve of Mr. Obama's handling of taxes and the budget deficit dropped five points to 36 and 26 percent, respectively. The president' overall job approval rating dropped 3 points to 44 percent. The drop comes after weeks of focus on the economy by the president, who has traveled around the country touting his efforts to jump start growth in the housing and...
  • States Where It Is Hardest To Find Full-Time Work

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

    08/02/2013 6:17:16 PM PDT · by Hojczyk · 41 replies
    The Daily Ticker ^ | August 2,2013 | Aaron Task
    At 162,000, the July jobs report fell short of expectations and well shy of whisper numbers for payroll figures above 200,000. In addition, job tallies were revised down for May and June and average hourly earnings fell 0.1% in July, the first decline since October. The data disappointed Wall Street economists but are consistent with the trends Dan Alpert, managing partner at Westwood Capital, cited in a recent report: The fact is that the U.S. employment situation is more of a wounded beast than a bull, he writes. According to Alperts analysis, 69% of the jobs created in the second...
  • June Payrolls +195K Much Higher Than Expected (7.6%); Underemployment Rate Soars To 14.3%

    07/05/2013 5:36:41 AM PDT · by Perdogg · 77 replies
    Zero Hedge ^ | 07.05.13
    So much for any doubts about a September taper: with the street expecting a 165K NFP number for June, the actual print of 195K following an upward revised May print of 195K as well, means the September flow fade is now virtually assured. The Unemployment Rate stayed at 7.6% despite expectations of a drop to 7.5%, although the real action was in the underemployment rate which exploded from 13.8% to 14.3%. From the report: Total nonfarm payroll employment increased by 195,000 in June, in line with the average monthly gain of 182,000 over the prior 12 months. In June, job...
  • Low-Wage Jobs Cause More Problems Than They Solve (Women and children hardest hit)

    12/03/2012 8:44:15 AM PST · by 2ndDivisionVet · 16 replies
    Yahoo! Finance ^ | December 2, 2012 | Jennifer Wheary
    In the wake of strikes by Walmart workers last week and fast food workers in New York City this past Thursday, the issue of low-wage work is slowly becoming more prominent. This is a timely, important and essential conversation. Retail's Hidden Potential, a recent Demos' report about the possibility of lifting 1.5 million retail workers and their families out of poverty, provides hard evidence about the impact of low-wage work on the economy. Now a new study by researchers at Boston College and the University of Massachusetts shows the impact of parents' low-wage jobs on their children. Analyzing over 100...
  • Kroger to Slash Hourly Workers to Avoid Obamacare Penalties

    11/12/2012 12:05:46 PM PST · by tobyhill · 176 replies
    Flopping Aces ^ | 11/4/2012 | Doug Ross
    Operative Faith reveals that Kroger will soon join the ranks of Durden Restaurants and slash the hours of its non-exempt (hourly) workers to avoid millions in Obamacare penalties. To give you a sense of Krogers size and importance, its sales last year were $90 billion and it employs nearly 350,000 people. Most of its jobs are hourly and the vast majority of workers are neither millionaires or billionaires. Faith is a mid-level manager at Kroger and reports the dire news: Last week we found out that, beginning in January, any employee who is not full-time at that point,will be limited...
  • Obama to Defense Contractors: Break Law on Layoffs and We'll Pay Fines

    10/10/2012 1:57:59 PM PDT · by Kaslin · 15 replies
    Townhall.com ^ | October 10, 2012 | Mike Shedlock
    Following the surprise drop in the unemployment rate last Friday, I have seen many conspiracy charges leveled against the BLS. I do not believe any of the conspiracy charges. Had Obama instructed the BLS to juice the numbers, someone in the BLS would surely be yapping. They are not all Democrats. Many were hired under President Bush. Is Obamacare Responsible for Surge in Part-Time Jobs? Some stated the 582,000 surge in part-time workers was a seasonal thing based on teachers going back to work. I do not buy that explanation either because the surge in part-time workers and the decline...
  • Scary: Obama Appointed the Jobs Number Cruncher; Scarier: Her Resume

    10/09/2012 12:33:43 PM PDT · by SeekAndFind · 39 replies
    Townhall ^ | 10/09/2012 | Charles Payne
    First, I'm a grandfather for the first time, and it's an amazing blessing. The country my granddaughter has come into is at a very dangerous point. The economy is teetering, but Main Street is being told it's all okay. What's problematic is the rapid decline in the last year. That unemployment rate number on Friday was a total farce, but even if it was completely honest, 7.8% is way too high for an economy that supposedly turned the corner a long time ago. The number doesn't jibe, with an economy growing at 1.3%. The only honest aspect of the report...
  • ObamaCare transforming America into Part-Timer Nation?

    10/09/2012 9:13:01 AM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 10/09/2012 | Ed Morrissey
    Under ObamaCare, companies of more than 50 workers who do not provide health-insurance coverage have to pay significant fines, although not nearly as costly as the insurance itself. That alone might have employers bailing out of the health-insurance market, but the Orlando Sentinel reports that at least one company is testing a way to avoid both costs. Employers do not have to provide health-insurance coverage to part-time workers under ObamaCare as long as they work less than 30 hours a week, and one restaurant company has begun experimenting with changing over entire staffs to part-time work to avoid the ObamaCare...
  • Part-Time Job Working on Yard Swells Employment- LOL

    10/08/2012 6:20:02 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | October 8, 2012 | Morgan Brittany
    I have had enough of being thought of as stupid. Im sick and tired of the media, the administration and the spin doctors putting statistics and information out that is so cock-eyed, it is laughable. It has been going on for a long time but this week the unemployment numbers were so ridiculous I thought I was watching an SNL comedy routine. How in the world do they think that they can get away with something so ludicrous? If they wanted to manipulate the numbers to make Obama look good, they should have at least lowered the number to 8%...
  • Reason UE Plunged: Part-Time Jobs For Economic Reasons Surge Most Since QE1 Announcement

    10/05/2012 11:45:46 AM PDT · by Abiotic · 20 replies
    Zero Hedge ^ | 10-05-2012 | Tyler Durden
    We already noted the absolutely stunning surge in reported Household Survey jobs which "added" 873,000 jobs, or the most since 2003 and the second most in the past decade, which was just a little bit off the Household Survey used in the monthly NFP jobs changes, which came at 114,000, or about 8 times less. But what was the reason for this epic jump in Household survey jobs? Simple, and those who have read our series on America's transition to a part-time worker society know the answer. The reason is that the number of part-time people employed for economic reasons...
  • The jobs numbers: never mind the quantity, check the quality

    10/05/2012 1:09:14 PM PDT · by Perdogg · 13 replies
    ~snip~ Buried in the Friday's jobs report is evidence that a disturbing trend continues: the creation of more part-time jobs, many of them low-wage, taking the place of solid middle-class careers. Positions in sectors like manufacturing continued to decline last month, replaced by new jobs in the healthcare, warehousing and retail industries. A lot of these jobs don't allow workers to rack up enough hours to earn healthcare benefits let alone break out of poverty. The key data in the new report can be found in a table called "A-8". It shows that more workers are in stuck in...
  • US jobless rate falls to 7.8 pct., 44-month low

    10/05/2012 5:44:02 AM PDT · by Oldeconomybuyer · 247 replies
    Yahoo News ^ | October 5, 2012
    WASHINGTON (AP) The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate fell because more people found work, a trend that could impact the presidential election.
  • Fact Check: Suspicion Falls on Labor Secretary Solis as She Misleads on Jobs Numbers

    10/05/2012 8:27:36 AM PDT · by Justaham · 103 replies
    breitbart.com ^ | 10/5/12 | Joel B. Pollak
    Suspicion about the federal government's September jobs report has fallen on Secretary of Labor Hilda Solis, who appeared on CNBC this morning and defended the numbers from the Bureau of Labor Statistics (BLS), claiming--falsely--that upward revisions of 86,000 jobs were from the private sector. In fact, the new number is entirely accounted for by upwards revisions to state and federal government payrolls. The BLS reported that while only 114,000 jobs were created in September--which would have translated into a rise in unemployment from 8.1% to 8.2%--the unemployment rate fell dramatically to 7.8%. That unusual drop is the fastest in nearly...
  • Nearly 400,000 More Jobs Added Than First Thought

    09/27/2012 11:13:02 AM PDT · by Oldeconomybuyer · 37 replies
    Wall Street Journal ^ | September 27, 2012 | By Ben Casselman
    The Bureau of Labor Statistics on Thursday released an early look at its annual benchmark revision of its payroll data. When the preliminary revisions become final early next year, the official data should show that 386,000 more Americans were working in March than previously believed. The private sector did even better, adding 453,000 jobs versus previous estimates. ... There was one symbolic significance to the revision: If the preliminary figures hold, they would suggest that more Americans are now working than when President Obama took office. That doesnt mean much for the broader economy there are still more than...
  • The Depression that Shall Not Be Named things we notice that the corrupt media wont report

    09/19/2012 12:15:19 PM PDT · by grundle · 50 replies
    hillbuzz.org ^ | Sseptember 18, 2012 | Kevin DuJan
    Full title: Ground Reports from the Depression that Shall Not Be Named things we notice that the corrupt media wont report that show this is indeed a Depression On my desk, just under the computer monitor, I have a little box full of slips of scrap paper. Ive been doing this since I was a kid because the nuns who taught me in Catholic School refused to ever waste paper. Anything that comes into my home thats blank on one side and has outlived its usefulness is drawn and quartered and spends some time as scrap paper in that...
  • Obama's Next Big Bounce May Be Out Of Office

    09/11/2012 8:44:23 AM PDT · by nhwingut · 17 replies
    Investors Business Daily ^ | 09/11/2012 | PHYLLIS SCHLAFLY
    The bounce expected from Barack Obama's Democratic Convention speech collapsed the following day under the reality check that the current unemployment figure is 8.1%. And 40.7% of those people have been out of work for 27 weeks or more. Those numbers tell only a small part of Obama's failure to deliver on his promises. The real unemployment figure is closer to 19%. The official count doesn't include the 8 million unemployed who have given up and stopped looking for a job, the people who have had to settle for part-time work, those who had to take lower-paying jobs that are...
  • Study: Recovery For Burger-Flippers Only

    09/10/2012 12:25:23 PM PDT · by dennisw · 13 replies
    breitbart.com/ ^ | 9 Sep 2012 | by Ben Shapiro
    According to new analysis of unemployment data by the National Employment Law Project, while 60 percent of the jobs lost during the 2008-2009 financial crisis were in middle income occupations, the vast majority 58 percent of jobs created under President Obama are low-wage. Those jobs include retail sales, food preparation, home health and customer service. The recovery continues to be skewed toward low-wage jobs, reinforcing the rise in inequality and Americas deficit of good jobs, said the author of the study, Annette Bernhardt. While theres understandably a lot of focus on getting employment back to pre-recession levels, the...
  • Majority of New Jobs Pay Low Wages, Study Finds

    09/02/2012 4:57:55 PM PDT · by Innovative · 46 replies
    NY Times ^ | Aug 30, 2012 | CATHERINE RAMPELL
    While a majority of jobs lost during the downturn were in the middle range of wages, a majority of those added during the recovery have been low paying, according to a new report from the National Employment Law Project. "The overarching message here is we don't just have a jobs deficit; we have a 'good jobs' deficit," said Annette Bernhardt, the report's author and a policy co-director at the National Employment Law Project, a liberal research and advocacy group.
  • Bleak Jobs Report Dampens Hopes of Steady Growth (MSM still refusing to blame Obama's policies)

    06/04/2011 3:43:29 AM PDT · by tobyhill · 21 replies
    ABC ^ | 6/4/2011 | CHRISTOPHER S. RUGABER
    A bleak jobs report suggests the recovery from the Great Recession will be longer and bumpier than many economists had envisioned. Most economists say job growth should strengthen later this year as gasoline prices drop further and the economy recovers from the effects of natural disasters in the U.S. and abroad. But the recovery is starting to weaken 17 months before the 2012 election, which could hurt President Barack Obama's re-election prospects. The unemployment rate in May inched up to 9.1 percent from 9 percent, the Labor Department said Friday; when Obama took office, it was 7.8 percent. The Conference...
  • Half of Last Month's (May) New Jobs Came from a Single Employer McDonald's

    06/03/2011 3:12:41 PM PDT · by CharlyFord · 78 replies
    The Weekly Standard ^ | June 3, 2011 | Mark Hemingway
    According to the unemployment data released this morning, the economy added only 54,000 jobs, pushing the unemployment rate up to 9.1 percent. However, this report from MarketWatch suggests data is much worse than that: McDonalds ran a big hiring day on April 19 after the Labor Departments April survey for the payrolls report was conducted in which 62,000 jobs were added. Thats not a net number, of course, and seasonal adjustment will reduce the Hamburglar impact on payrolls. (In simpler terms restaurants always staff up for the summer; the Labor Department makes allowance for this effect.) Morgan...
  • We're Stuck In a "McJobs" Style Downturn. Americans unhappily settling for burger-flipping jobs.

    04/20/2011 6:46:42 AM PDT · by SeekAndFind · 40 replies
    When a fast-food "National Hiring Day" resembles the Depression's unruly food lines, it doesn't back up President Obama's rosy picture of economic recovery. Want some fries with that "hope and change"? If it were a Republican president in office at a time when high unemployment is so persistent that McDonald's holds a nationwide help-wanted day, the establishment media would be sinking their teeth into him like a Quarter Pounder with Cheese. The legendary hamburger chain has promised to expand its company workforce by 7% by hiring 50,000 new employees in a single day, thus scoring a publicity boon by having...
  • Can McDonald's Alter the Dictionary? (McJobs)

    06/09/2007 11:03:26 AM PDT · by bamahead · 28 replies · 831+ views
    Time.com ^ | June 5, 2007 | Christopher Thompson
    The late Austrian philosopher Ludwig Wittgenstein once said that the meaning of a word was derived from the way it is used in language. Not according to McDonald's. The fast-food giant is currently lobbying dictionary publishers to change the meaning of the word McJob or remove it altogether on the grounds that it denigrates the company's employees. First used some 20 years ago in the United States to describe low-paying, low-skill jobs that offered little prospect of advancement, the term McJob was popularized by the author Douglas Coupland in his 1991 slacker ode Generation X, which chronicled the...
  • Bush says outsourcing benefits U.S. in long run-India's growing middle class seen as a key market

    03/05/2006 7:33:01 AM PST · by SJackson · 171 replies · 1,979+ views
    Chron.com ^ | 3-5-06 | JULIE MASON
    JULIE MASON Copyright 2006 Houston Chronicle Washington Bureau NEW DELHI - It's a touchy, politically charged issue and President Bush dove right into it last week, defending outsourcing as a reality of the global market that should be embraced, not feared. "Globalization provides great opportunities," Bush said, although he conceded that "people do lose jobs as a result of globalization, and it's painful for those who lose jobs." Outsourcing is still in its early stages, but nonetheless cuts to the heart of American anxiety about the economy. Bush, who has an MBA from Harvard, takes the long view of what...
  • McJobs mistake / Sorry, but burger flipping isn't manufacturing

    03/13/2004 10:02:29 AM PST · by Willie Green · 54 replies · 446+ views
    The Pittsburgh Post-Gazette ^ | Saturday, March 13, 2004 | Editorial
    <p>Since George W. Bush became president the economy has lost 2.8 million factory jobs, but his administration is floating an idea that could dramatically boost manufacturing jobs overnight. It sounds too good to be true. And it is.</p> <p>The presidential proposition wouldn't actually create any new jobs but would reclassify them and thereby swell job statistics in a declining sector of the economy. Poof! Problem solved.</p>