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Keyword: unemployment

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  • The jobs report is far more fantastic than you probably realize.

    08/04/2017 7:15:21 PM PDT · by dangus · 13 replies
    BLS, FRED. | 08-04-2017 | Dangus
    Trump and the Republicans need to tout the jobs report better. Even ABC radio, which carries Rush Limbaugh and many other top conservative hosts was complaining that weak wage growth was dragging down the economy. NPR said wages were very weak, "this late into an economic recovery." This is shockingly untrue. In the first quarter of the year, real weekly earnings grew two 1982 inflation-adjusted dollars; that's about six real dollars. That's as much as real wages grew during the entire Obama administration. Wage growth then doubled THAT in the second quarter. And while we don't yet know the July...
  • Minimum Wage Still = Unemployment

    08/04/2017 6:56:41 AM PDT · by Academiadotorg · 5 replies
    Accuracy in Academia ^ | August 1, 2017 | Malcolm A. Kline
    Democratic Party economists warehoused in academia between elections have spent decades denying that minimum wage increases cause unemployment. Unfortunately, they do. "At the Great Recession's bottom, African-American teens had an unemployment rate of nearly 50 percent while the rate for all teens was 27.1 percent," a column on the BET website notes. "In the weak post-Recession, many teens compete for jobs against down-sized adults with college degrees." "And economists William Even from Miami University and David Macpherson from Trinity University report that when a state, or the federal government, increases the minimum wage, Black teens are more likely to be...
  • Employment Situation Summary

    08/04/2017 5:32:41 AM PDT · by Tennessean4Bush · 12 replies
    Bureau of Labor and Statistics ^ | 8/4/2017 | Bureau of Labor and Statistics
    Employment Situation Summary Transmission of material in this release is embargoed until USDL-17-1070 8:30 a.m. (EDT) Friday, August 4, 2017 Technical information: Household data: (202) 691-6378 * cpsinfo@bls.gov * www.bls.gov/cps Establishment data (202) 691-6555 * cesinfo@bls.gov * www.bls.gov/ces Media contact: (202) 691-5902 * PressOffice@bls.gov THE EMPLOYMENT SITUATION -- JULY 2017 Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, professional and business services, and health care. Household Survey Data Both the unemployment rate, at...
  • The Promise of Apprenticeships

    07/12/2017 8:24:39 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | July 12 | Star Parker
    Last month, President Trump signed an executive order to boost apprenticeship programs in the United States. These are training programs, offered in a variety of formats, usually by businesses, to convey skills to individuals for specific vocations. It's a great idea, but like all great ideas, the key is in execution. Currently, 505,000 people have apprenticeships through 2,100 programs registered with the government. President Trump has committed to a lofty goal of creating 5 million apprenticeships over the next five years. Truth is, I get nervous whenever I hear about any government initiative that claims to provide what our...
  • The Myth of Technological Unemployment: If it were true, it would have already happened repeatedly

    07/12/2017 7:53:17 AM PDT · by SeekAndFind · 41 replies
    REASON ^ | 07/12/2017 | Deirdre Nansen McCloskey
    As a savvy reader, you already know that technological change is why the jobs in manufacturing are drifting away from Youngstown, Ohio. You know that most of the drift goes to other American cities, such as Houston or Chattanooga. You know that Appalachian jobs in coal mining are not coming back, because new techniques have permanently cheapened natural gas. You know that the Trump administration's scapegoat, foreign competition, bears little responsibility for any of this. And when foreign encroachment does happen, you know it's good, not bad, for most Americans. Still, many reasonable people fret. Isn't technological unemployment a real...
  • Employment Situation Summary

    07/07/2017 8:12:10 AM PDT · by Redmen4ever · 5 replies
    U.S. Bureau of Labor Statistics ^ | 7/7/17 | PressOffice@bls.gov
    Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today.
  • Job growth rebounds to 222,000 in June, unemployment at 4.4 percent

    07/07/2017 5:46:15 AM PDT · by GonzoII · 20 replies
    Washington Examiner ^ | Jul 7, 2017 | Joseph Lawler
    U.S. job growth rebounded in June, the Bureau of Labor Statistics reported Friday, as the economy created 222,000 new payroll jobs and the unemployment rate ticked up a tenth of a percentage point to 4.4 percent. Economists in the private sector had projected around 170,000 new jobs for the month. Friday's report provides reassurance that job growth remains strong even as unemployment, which is the lowest rate since 2001, falls to below where Federal Reserve officials think it can sustainably go. Only around around 50,000 to 100,000 jobs are needed each month to match population growth and keep unemployment trending...
  • 'Go and herd cattle,' Mugabe, 93, tells unemployed Zim youth

    07/01/2017 9:06:25 PM PDT · by 2ndDivisionVet · 18 replies
    News 24 ^ | July 1, 2017 | Frank Chikowore
    Zimbabwean President Robert Mugabe, 93, on Friday told unemployed youths to "go and herd cattle" in the rural areas amid a critical shortage of jobs in the southern African country. During his election campaign of the 2013 polls, Mugabe promised Zimbabweans that his government would create more than 2.2 million jobs. However, latest statistics indicated that Zimbabwe had a formal unemployment rate of around 80%. Addressing his supporters at a rally at Mucheke Stadium in Masvingo, Mugabe said Zimbabwean youths who had no jobs should look for ideas so that they became entrepreneurs. “We always hear youths from the (opposition...
  • Unemployment in Maine at 32-year low, forces layoffs

    06/20/2017 12:24:19 PM PDT · by C210N · 22 replies
    WGME ^ | 06/14/2017
    Maine Labor Department officials say the unemployment rate right now may be the lowest since World War II. In fact, people are finding jobs so quickly, the Labor Department is now having to laid off employees.
  • Jobless claims drop to 237,000 For First Full Week of June

    06/15/2017 9:06:33 AM PDT · by SeekAndFind · 2 replies
    Washington Examiner ^ | 06/15/2017 | by Joseph Lawler
    New applications for unemployment benefits fell 8,000 to 237,000 in the first full week of June, the Department of Labor reported Thursday. Investors had expected 243,000 new jobless claims. Low jobless claims are a good sign. They indicate that layoffs are relatively rare and that laid-off workers are not showing up at state unemployment agencies to collect benefits. In recent months, jobless claims have scraped the lowest levels in decades, providing one of the most positive signs of the U.S. economy's health. At a press conference Wednesday, Federal Reserve Chairwoman Janet Yellen said that the labor market appears to be...
  • Gallup Survey: US Job Creation Index Returns to Record High

    06/12/2017 7:50:52 AM PDT · by SeekAndFind · 4 replies
    Gallup ^ | 06/12/2017 | by Art Swift
    WASHINGTON, D.C. -- Gallup's Job Creation Index was +37 in May, tied with the record high found in March. This marks 15 straight months of the index reaching +30 or higher. The index has generally been moving upward since bottoming out at -5 in April 2009 during the Great Recession. It has been in positive territory since February 2010. Gallup's Job Creation Index is based on employed U.S. adults' reports of whether their employer is hiring workers and expanding the size of its workforce, or letting people go and reducing the size of its workforce. Gallup computes the index by...
  • What's Up With The Labor Numbers?

    06/02/2017 11:11:00 AM PDT · by mountn man · 25 replies
    So, yesterday ADP releases it's job numbers, 253,000 new jobs vs 185,000 estimated.And everybody here at FR is whooping and hollering. Then the BLS numbers are released today and their numbers are WAAAAAY down.138,000 according to BLS.Almost 50,000 BELOW what was expected.So, what is right and what is wrong?How can ADP be almost twice of BLS?The Atlanta Fed projected the Q2 GDP growth at a 4% pace.That suggests the economy is on a tear.Does anybody know the reality of the labor situation?And can you explain it for the rest of us?
  • It's Time to Abolish the BLS, and Its Worthless Unemployment Report

    06/02/2017 10:00:23 AM PDT · by SeekAndFind · 14 replies
    RCM ^ | 06/02/2017 | John Tamny
    Back when Hong Kong was a largely autonomous colony of Great Britain, its leaders made a point to not calculate the city-state’s economic statistics. With good reason. The feeling was that if government were in the business of divining unemployment, GDP, and other supposed measures of economic activity, that those same measures would be used by politicians as an excuse for politicians to ‘do something.’ Of course, when it comes to economic growth and progress, there’s no need for politicians to do anything other than ensure individual freedom to succeed, fail, import, export, and to generally produce in order to...
  • Unemployment Is Approaching A Historic Low. So Why Aren't Wages Shooting Up?

    06/01/2017 11:23:02 AM PDT · by SeekAndFind · 58 replies
    BuzzFeed ^ | 06/01/2017 | Matthew Zeitlin
    There's something weird going on with the US economy. It's steadily adding new jobs, at a pace of about 185,000 every month. Unemployment keeps falling: at 4.4%, it's at its lowest since May, 2007. But people's wages aren't growing at the rate you'd expect them to when unemployment is this low and hiring is so healthy. So what's happening? One explanation is there's a larger pool of people who are starting to look for work — people who weren't previously considered unemployed. If that's the case, companies don't need to boost wages to compete for workers, because there's more people...
  • CBS Exposes Deadly Impact of "Trump Economy" [semi-satire]

    05/29/2017 4:18:58 PM PDT · by John Semmens · 4 replies
    Semi-News/Semi-Satire ^ | 28 May 2017 | John Semmens
    The upsurge in economic activity that has followed from Donald Trump's elevation to the presidency has an unpublicized "dark side" according to a recent newscast from CBS. Network correspondent Norah O'Donnell explained that "what the Trump Administration failed to consider was that getting people off unemployment and welfare and into the workforce means more will be on the roads driving to their jobs. This exposes them to higher risk of death and injury in traffic crashes." "Worse, the risk isn't confined to the work commute," O'Donnell breathlessly told viewers. "When people are more prosperous they also travel more for recreation....
  • Moving Past the Recession: Black Millennials Face Steep Challenges in Job Market

    05/24/2017 6:10:53 PM PDT · by 2ndDivisionVet · 34 replies
    The Atlanta Black Star ^ | May 24, 2017 | Frederick Reese
    The Class of 2017 is facing the strongest labor market in nearly 10 years. According to research from the Federal Reserve Bank of New York and the Rockefeller Foundation, the unemployment rate for recent graduates is at its lowest rate since October 2008. This has led some to suggest that this nation has finally emerged from the ravages of the Great Recession. However, this may be a matter of perspective. According to the Bureau of Labor Statistics’ 2016 Household Data Annual Averages, African-Americans with some college but no degree have the same unemployment rate as whites with no high school...
  • Academics Surrounded by Reality

    05/23/2017 8:23:01 AM PDT · by Academiadotorg · 6 replies
    Accuracy in Academia ^ | May 17, 2017 | Malcolm A. Kline
    Academics are always mystified that the American public perceives reality differently than they do. It never occurs to the former that the latter may be closer to it. The American Council on Education (ACE) polled its members at the ACE annual convention on a quartet of questions. "Not surprisingly, most of those at the meeting who took the poll answered, correctly, that the economic value of college is increasing; that half of borrowers indeed owe less than $13,000; that most institutions do try hard to manage costs and limit tuition increases; and that traditional colleges and universities are nonprofit institutions,"...
  • The Greatest Measure of Devotion

    05/23/2017 4:30:07 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | March 23, 2017 | Allen West
    (Editors Note, this commentary was co-authored with Matthew Howe) On November 19, 1863, President Abraham Lincoln delivered one of our Nation’s greatest speeches, the Gettysburg Address. The purpose was to dedicate the Soldier’s National Cemetery at Gettysburg, Pennsylvania, the site of a battle fought that year in July that turned the tide of the Civil War. President Lincoln was not the primary speaker for the event, but his words are everlasting. His closing words of a speech that was less than 270 words are very appropriate for today. This is what President Lincoln said, “It is rather for us to...
  • Unemployment claims at lowest level in 28 years

    05/19/2017 4:54:08 AM PDT · by monkapotamus · 14 replies
    Washington Examiner ^ | May 18, 2017 | Joseph Lawler
    Total continuing claims for unemployment benefits ran at the lowest level in 28 years at the beginning of May, the Department of Labor reported Thursday morning in a new sign that the jobs market is still improving. The total number of unemployed workers receiving benefits fell to 1.9 million, the agency said, the lowest such mark since November of 1988, when the workforce was much smaller. Over the past month, the average number of continuing claims per week has clocked in at 1.95 million, the lowest number in 43 years.
  • April jobs report: 211,000 jobs added, jobless rate 4.4% (Thank you President Trump)

    05/05/2017 9:08:05 AM PDT · by Kaslin · 21 replies
    Hot Air.com ^ | May 5, 2017 | ED MORRISSEY
    Welcome back to the status quo ante. After an unexpectedly poor March, the US economy returned to its previous pace of job creation, adding 211,000 jobs in April according to today’s jobs report. However, nearly as many people left the workforce last month as got jobs within it. In fact, March turned out to be worse than previously reported: The change in total nonfarm payroll employment for February was revised up from +219,000 to +232,000, and the change for March was revised down from +98,000 to +79,000. With these revisions, employment gains in February and March combined were 6,000 lower...