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Keyword: unemployment

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  • What Obama Plan Misses

    11/25/2014 7:47:08 AM PST · by Academiadotorg · 8 replies
    Accuracy in Academia ^ | November 24, 2014 | Malcolm A. Kline
    The Constitutional law professor in the White House missed a few key details in his pitch to halt the deportation of several million illegal aliens, according to another law professor. “I thought it was a pretty good speech, except for the facts,” Jay Ting, a law professor at Temple said last Friday in remarks at the Heritage Foundation. For one thing, “Qualified legal immigrants have waited 20 years” to become citizens, Ting observed. Ting served as an attorney in the U. S. Justice Department during the administration of George H. W. Bush. Moreover, “There are those on the other side...
  • How the Obama immigration policy will affect black unemployment

    11/21/2014 4:40:49 PM PST · by EveningStar · 9 replies
    Facebook ^ | November 20, 2014 | Calvin D. King
    I get a lot of flack from people regarding my lack of regard for El Presidente Obama. Some of it is good natured ribbing. Some of it is downright nasty. I actually hate that I couldn't be a part of the euphoria that was the First Blackish President. I have no allegiance to White America, Black America or any other hyphenated class or socioeconomic status. I am conservative minded but I am no Republican. I just know enough history, enough policy, and enough reality to not be pulled into the fold. So now we are faced with immigration. Those on...
  • Initial Jobless Claims Hit 2-Month Highs, Continuing Claims Tumble To 14-Year Lows

    11/20/2014 6:54:51 AM PST · by GilGil · 15 replies
    Zerohedge ^ | 11/20/2014 | Tyler Durden
    It is still far too early to call a turn in the long-term trend of initial jobless claims but this is the 5th week that new lows have not been made, 4th miss in a row, and (despite last week's upward revision) claims sit at 2-month highs. Initial claims printed 291k (against 284k expectations) down very slightly from an upwardly revised 293k last week. However, continuing claims continue to tumble to fresh cycle lows at 2.33 million (below expectations and well down from last week's jump).
  • Americans think the unemployment rate is 32 percent

    11/16/2014 5:32:16 PM PST · by 2ndDivisionVet · 48 replies
    Vox ^ | November 15, 2014 | Danielle Kurtzleben
    The latest jobs report showed the unemployment rate was at its lowest level in six years, 5.8 percent. But Americans aren't convinced that things are nearly that good. In a recent Ipsos-MORI poll, 1,001 Americans were asked, "Out of every 100 people of working age, how many do you think are unemployed and looking for work?" Their average response was 32. That's almost 26 percentage points higher than the 6.1-percent jobless rate in August, when the poll was conducted. Americans are way, way off here. But they aren't alone. Here's how other countries' average estimated unemployment rates stack up to...
  • Giving up: 40% women, 28% men, 39% youth don't want a job

    11/14/2014 7:28:35 AM PST · by george76 · 56 replies
    Washington Examiner ^ | November 14, 2014 | Paul Bedard
    Nearly four in 10 Americans, or 92 million, are not in the labor force and now there’s a reason why: They have simply given up and don’t want to work. According to the Bureau of Labor Statistics, the largest group of people not in the labor force are those who don’t want a job, a remarkable statement on the nation’s work ethic. The federal job counter said that 85.9 million adults last month didn’t want a job, or 93 percent of all adults not in the labor force. ... Pew said that 39 percent of 16- to 24-year-olds don’t want...
  • U.S. jobless claims rise to 290,000 but still close to 14-year low

    11/13/2014 7:37:10 AM PST · by SeekAndFind · 22 replies
    Reuters ^ | 11/13/2014 | Jason Lange
    The number of Americans filing new claims for unemployment benefits rose more than expected last week, yet it remained near a 14-year low in a reminder that the labor market appears to be moving toward full health. Initial claims for state unemployment benefits rose 12,000 to 290,000 for the week ended Nov. 8, the Labor Department said on Thursday. Economists polled by Reuters had forecast a smaller increase. Claims have now been below 300,000 for nine straight weeks, and in October hit their lowest level since 2000 at 266,000. "This increase is nothing to worry about," said Ian Shepherdson, an...
  • John Williams' Take On The October Unemployment Report: "The Economy Remains In Terrible Shape"

    11/10/2014 10:17:45 AM PST · by blam · 5 replies
    Zero Hedge - Shadow Stats ^ | 11-10-2014 | Tyler Durden - John Williams
    Tyler Durden 11/10/2014 When it comes to inflation data, there are two parallel sources: the BLS, and ShadowStats' John Williams, who continues to plough through the underlying "data" using pre-pre-pre-revision protocols, and every month reveals a parallel universe in which something shocking is revealed: the truth. Here is his take on the October "weaker but really stronger than expected" jobs numbers. Here is what really happened. From ShadowStats Never Recovered, the Economy Remains in Terrible Shape. The large number of opening headlines in today’s (November 9th) missive reflects various stories, ranging from twisted unemployment data, to an election dominated by...
  • Why a Better Jobs Picture Didn't Save the Democrats

    11/10/2014 8:19:53 AM PST · by SeekAndFind · 46 replies
    RCM ^ | 11/10/2014 | Louis Woodhill
    As reported by the Bureau of Labor Statistics (BLS) on Friday, October was a good month for jobs. Full-time-equivalent (FTE)* employment increased by 617,000. This was the sixth-highest monthly total seen during the economic recovery that began in July 2009, and it was far above the 122,000 average over the 64 months since then. Meanwhile, labor force participation, the unprecedented fall in which has been the big ongoing story of the Obama economic recovery, actually increased slightly during October. This meant that the reported decline in the unemployment rate to 5.8%, from 5.9% in September, was "real." While the BLS...
  • Why many aren’t celebrating low US unemployment (disingenuous AP)

    11/08/2014 9:32:08 AM PST · by Olog-hai · 32 replies
    Associated Press ^ | Nov 8, 2014 11:53 AM EST | Josh Boak
    The unemployment rate no longer seems to reflect America’s mood. Friday’s strong jobs report showed that the jobless rate—the most closely watched gauge of the economy’s health—is down to 5.8 percent. A year ago, the rate was 7.2 percent. Five years ago, it was 10 percent. It’s the kind of sustained decline that would normally suggest a satisfied public. Not so much anymore. […] Many Americans don’t feel they've benefited from falling unemployment any more than they have from a sustained rise in the stock market or from solid U.S. economic growth. Some hints of their discontent can be found...
  • Jobs Mirage Caught Up with Obama, Dems

    11/08/2014 5:49:28 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | November 8, 2014 | John Ransom
    On the heels to two so-so jobs reports—one from the government, one from ADP-- the spotlight remains firmly on the non-jobs recovery that Obama and the Democrats were successfully able to cover up for six years. The government reported jobs growth of 214,000 jobs for the month of October this week. While the number is okay, it is nowhere near what is needed to heal the wounds to the labor market.As our own Peter Morici observed:The official jobless rate is 5.8 percent, down from its recession peak of 10 percent, but that has been mostly accomplished by encouraging prime working-aged...
  • U.S. Economy Adds 214K Jobs, Unemployment Rate Falls to 5.8%

    11/07/2014 6:55:02 AM PST · by SeekAndFind · 58 replies
    Fox Business News ^ | 11/7/2014 | By Dunstan Prial
    The U.S. economy added 214,000 jobs in October, lower than the 231,000 jobs economists expected but still enough to maintain labor market momentum as the Federal Reserve ponders a timetable for raising interest rates. While the number of jobs created came in under expectations, the headline unemployment rate dropped to 5.8%, the lowest level since July 2008, and under the 5.9% rate in September, according to numbers released today by the U.S. Department of Labor. The report doesn't slow the momentum started in September when 248,000 jobs were created, far more than expected. The 214,000 jobs gained in October represented...
  • US jobless claims fall by 10,000 to hit a 14-year low (+video)

    11/06/2014 12:20:50 PM PST · by SeekAndFind · 13 replies
    CSM ^ | 11/6/2014
    Fewer people applied for U.S. unemployment benefits last week, a sign that the job market should continue to improve. The Labor Department said Thursday that weekly applications fell 10,000 to a seasonally adjusted 278,000. The four-week average, a less volatile measure, declined 2,250 to 279,000, the lowest level in more than 14 years. Applications are a proxy for layoffs and have fallen 18.5 percent in the past year. This suggests rising economic confidence among businesses, causing them to keep their workers and potentially look to hire more employees. "The Labor Department noted no special factors in this week’s report," Jesse...
  • What's Causing the Wage Stagnation?

    11/06/2014 7:57:13 AM PST · by SeekAndFind · 44 replies
    RCM ^ | 11/6/2014 | Robert Samuelson
    I recently wrote about sluggish and stagnant wages, which are said to weaken the economy's recovery. I argued that workers' fear of losing their jobs is an important - perhaps decisive - explanation. In a nutshell: Frightened of being fired and being unable to find a new job, workers are less inclined to quit and search for something better. Therefore, employers don't have to raise wages, or can raise them less, to retain their best workers. Wage gains have been running at about 2 percent annually, a bit above the rate of inflation. There are many competing theories. The most...
  • Satire: Republicans Manipulating Statistics for Political Gain

    11/01/2014 9:57:04 AM PDT · by John Semmens · 3 replies
    Satire ^ | 31 Oct 2014 | John Semmens
    In remarks this week, former President Bill Clinton denounced GOP attempts to "cash-in" on people's "misery" under Democratic policies and programs for "political gain." "Republicans want voters to focus on the lack of economic growth and the huge number of people who can't get jobs since Democrats took control of the federal government," Clinton complained. "They want voters to overlook the flip side of this coin. Expansion of benefit programs have made work unnecessary for a growing segment of the population. The increased amount of leisure time our policies have made possible doesn't show up in the statistics Republicans like...
  • How Universal Basic Income Will Save Us From the Robot Uprising

    11/01/2014 6:58:22 AM PDT · by Malone LaVeigh · 73 replies
    io9 ^ | 10/31/14 | George Dvorsky
    Robots are poised to eliminate millions of jobs over the coming decades. We have to address the coming epidemic of "technological unemployment" if we're to avoid crippling levels of poverty and societal collapse. Here's how a guaranteed basic income will help — and why it's absolutely inevitable.
  • President Barack Obama's Legacy Pitch

    10/30/2014 8:35:37 AM PDT · by pabianice · 19 replies
    Politico ^ | 10/30/14 | Brown, Epstein
    Speaking to a mostly white college audience: "“This progress has been hard but it has been steady and it has been real,” Obama said at Northwestern University on Oct. 2. “And it’s the direct result of the American people’s drive and their determination and their resilience, and it’s also the result of sound decisions made by my administration. So it is indisputable that our economy is stronger today than when I took office.” Obama griped to party donors several days later that his accomplishments are a mystery even to his most loyal supporters. “Most of you don’t know the statistics...
  • U.S. Weekly Jobless Claims Tick Up To 287,000

    10/30/2014 7:13:51 AM PDT · by SeekAndFind · 13 replies
    RTT News ^ | 10/30/2014
    First-time claims for U.S. unemployment benefits saw a modest increase in the week ended October 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 287,000, an increase of 3,000 from the previous week's revised level of 284,000. Economists had expected jobless claims to tick up to 285,000 from the 283,000 originally reported for the previous week. With the modest increase, jobless claims climbed further off the fourteen-year low of 266,000 set in the week ended October 11th. However, the Labor Department said the four-week moving average dipped to...
  • Suit Filed to Halt Work Requirements for Food Stamp Recipients in New Mexico

    10/28/2014 7:52:43 AM PDT · by Zakeet · 7 replies
    Brietbart ^ | October 28, 2014 | Awr Hawkins
    On October 27, the New Mexico Center for Law and Poverty, the Southwest Organizing Project, and a number of food stamp recipients filed suit to halt work requirements for food stamp recipients which are set to go into effect in November. The Associated Press reports the changes would require "some childless adults [to] work in order to receive food stamps." Other recipients would have to "search for a job or participate in community service or job training."
  • Food Stamps, without Work Requirements: In 42 states, Able-bodied collect benefits without working.

    10/28/2014 7:54:08 AM PDT · by SeekAndFind · 19 replies
    National Review ^ | 10/28/2014 | Jillian Kay Melchior
    The Great Recession ended more than 1,900 days ago, and the national unemployment rate is 5.9 percent — but many able-bodied adults in 42 states nevertheless continue to collect long-term food-stamp benefits without working, volunteering, or training for a job. Unless a state has extraordinarily high unemployment or a dearth of jobs, able-bodied adults who are younger than 50 and without a dependent must spend 20 hours a week productively if they wish to continue drawing food-stamp benefits longer than three months — or so says a policy enacted as part of the 1996 welfare reforms. But Congress temporarily suspended...
  • Cotton: Amnesty Would Drive Down Wages and Increase Unemployment

    10/28/2014 10:00:28 AM PDT · by xzins · 38 replies
    Breitbart ^ | 27 Oct 2014 | Dan Riehl
    In discussing U.S. immigration policy on Monday’s “Laura Ingraham Show,” U.S. Senate Tom Cotton (R-AR) cited illegal immigration as a “major issue” in his race in Arkansas, while also pointing out that based upon non-partisan analysis, the so called Gang of Eight bill previously passed by the Senate "would both drive down wages in America and increase unemployment". "I think we need to get Americans back to work before we worry about increasing the number of guest workers, or temporary visa holders we have in the country," he added. “In so many ways, this bill is just like Obamacare --...
  • (Flashback)Unemployment Rate Falls For All The Wrong Reasons

    10/25/2014 7:20:49 AM PDT · by Son House · 2 replies
    CNN Money ^ | April 5, 2013 | Chris Isidore
    The difficulty for younger workers finding jobs is also a factor...The participation rate for those age 16 to 24 was near a 50-year low. Heidi Shierholz, a labor economist with the Economic Policy Institute...She points out that the participation rate of "prime-age" workers, age 25 to 54, also fell to match the lowest reading since 1984. "It's the lack of job opportunities -- the lack of demand for workers -- that is keeping these workers from working or seeking work, not other factors," she said. Shierholz said estimates from the nonpartisan Congressional Budget Office show there are 3.9 million workers...
  • Sen Jeff Sessions: Amnesty Hurts African-Americans the Most

    10/23/2014 7:33:09 AM PDT · by xzins · 27 replies
    Conservative HQ ^ | 10/22/14 | CHQ Staff
    In an exclusive interview conducted by our friend Matt Boyle of Breitbart, Sen. Jeff Sessions of Alabama argued that amnesty for illegal aliens and other immigration policies favored by Obama and the Democrats will be Jeff Sessionsfinancially devastating -- especially to African-American workers. Sessions' passion for putting the interests of working Americans first and his commitment to conservative principles demonstrates once again why he has been steadily rising in our CHQ 2016 presidential straw poll. The Alabama Senator has been a leader in the fight to expose the Democrats’ plans to legalize millions of immigrants. Here are a few quotes...
  • Jobless claims jump, but one-month average still lowest since 2000

    10/23/2014 7:08:10 AM PDT · by SeekAndFind · 8 replies
    Los Angeles Times ^ | 10/23/2014 | By JIM PUZZANGHERA
    Initial jobless claims jumped last week from a post-Great Recession low, but the average during the previous month was the best since 2000 for the volatile but closely watched barometer of the labor market. About 283,000 people filed for first-time unemployment benefits in the week ended Saturday, up 17,000 from the previous week's upwardly revised level, the Labor Department said Thursday. Economists had forecast claims would rise to 285,000 after a sharp drop the previous week to the lowest point not only since the Great Recession but since April 2000. Jobless claims can fluctuate widely from week to week. So...
  • Joe Biden Accidentally Touts Falling Labor Participation Rate

    10/21/2014 12:51:54 PM PDT · by therightliveswithus · 7 replies
    Pundit Press ^ | 10/21/14 | Aurelius
    Joe Biden accidentally touted the low and falling labor participation rate on Twitter by touting the decline in long-term unemployment. The Vice President tweeted this graph, which he says shows a sharp decline in unemployment thanks to jobs created by the Obama Administration: Unfortunately for Mr. Biden, this graph looks oddly similar to this graph, which charts the labor participation rate in the United States: There is a strong correlation between the amount of people who have dropped out of the work force because they have been unemployed for so long and the drop in the unemployment rate. Further complicating...
  • U.S. Jobless Claims Fall to 14-Year Low

    10/16/2014 10:55:55 AM PDT · by Red Badger · 23 replies
    WSJ ^ | 10/16/2014 | By Jonathan House
    WASHINGTON—The number of new claims for jobless benefits fell to a 14-year low last week, the latest sign of an improving labor market. Initial claims for unemployment benefits fell by 23,000 to a seasonally adjusted 264,000 in the week ended Oct. 11, the Labor Department said Thursday. That was below the 290,000 claims forecast by economists surveyed by The Wall Street Journal and the lowest level since the week of April 15, 2000, when it was 259,000. The Labor Department said there were no special factors affecting the data. “This is a clear signal of real strength in the labor...
  • Jobless claims drop 23K to a 14-year low [Seasonally adjusted 264,000, lowest level since 2000]

    10/16/2014 7:04:07 AM PDT · by SeekAndFind · 28 replies
    CSM ^ | 10/16/2014
    The number of Americans filing new claims for jobless benefits fell to a 14-year low last week, a positive signal that could counter doubts over whether the economy is shifting into a higher gear. Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 264,000, the lowest level since 2000, the Labor Department said on Thursday. The decline suggests the labor market is gaining steam even as worries grow that the economy will not be strong enough for the Federal Reserve to hike interest rates around the middle of next year.
  • A good explanation of the 'real' unemployment rate

    10/13/2014 1:25:39 PM PDT · by SeekAndFind · 8 replies
    American Thinker ^ | 10/13/2014 | Rick Moran
    Everyone who isn't an Obamabot (Paul Krugman) or above the age of 5 knows that the current "official" unemployment rate of 5.9% is bogus. The real number that counts is the labor participation rate which has been shrinking for more than 5 years.Why is the labor force participation rate important? Ken Braun of MLive has very clear explanation: The U.S. “civilian noninstitutional population” - the total count of civilian adults - grew by 217,000 in September, according to the latest jobs report from the U.S. Department of Labor. Those new entrants represent immigrants, young people coming of age, military personnel...
  • More Evidence Surfaces of Faked Employment Numbers (podcast)

    10/13/2014 9:23:43 AM PDT · by Perdogg · 11 replies
    Podcast at link
  • New 'feminist' government with a Green tinge in Sweden

    10/10/2014 7:14:02 AM PDT · by george76 · 14 replies
    afp ^ | 03 Oct 2014
    Sweden's new Social Democrat prime minister Stefan Loefven unveiled what he called a "feminist" government including Green Party ministers for the first time in the Nordic country. ... Sweden is in a serious situation -- unemployment has become entrenched at high levels, school results have collapsed and the welfare system has major shortcomings ...
  • Minnesota job vacancies hit 13-year high in second quarter

    10/10/2014 5:30:32 AM PDT · by TurboZamboni · 18 replies
    Pioneer Press ^ | 10-9-14 | Tom Webb
    Minnesota job vacancies hit a 13-year high in the second quarter, with employers reporting nearly 84,700 job openings, state officials said Thursday. The Minnesota Department of Employment and Economic Development (DEED) said about 56 percent of those job openings were in the seven-county Twin Cities area, with 44 percent in Greater Minnesota. Over the past year, outstate areas posted the strongest job growth. DEED said the most common job vacancies were in the fields of health care and social assistance (19 percent of the total), retail (15 percent), accommodation and food service (12 percent), manufacturing (8 percent) and educational services...
  • The Not-Credible Shrinking Unemployment Rate: Is government deliberately misclassifying job seekers?

    10/09/2014 8:25:42 AM PDT · by SeekAndFind · 10 replies
    Pajamas Media ^ | 10/09/2014 | Tom Blumer
    Republicans and conservatives frustrated with the GOP’s failure to nationalize this year’s midterm elections received a gift last week from, of all people, President Barack Obama. Going completely unappreciated is how his Department of Labor, particularly its Bureau of Labor Statistics, has from all appearances been conducting a de facto midterm election campaign with cooked unemployment figures for quite some time.On October 2, Obama did the job elected Republican leaders up to that point had failed to do. Speaking at Northwestern University, he told his audience [1]: ”I am not on the ballot this fall. … But make no...
  • US Hiring Plummets Most Since June 2010, Fewest Hires Since Polar Vortex Ground Economy To A Halt

    10/09/2014 8:17:41 AM PDT · by GilGil · 2 replies
    Zerohedge ^ | 10/7/2014 | Tyler Durden
    There was, however, a big problem. Because while according to the BLS survey employers have almost never had more open positions, they have also decided to put an abrupt stop to hiring, something which certainly points to a major disconnect in the US labor market.
  • Jobless claims in the US fall to an eight-year low:

    10/09/2014 8:11:56 AM PDT · by SeekAndFind · 18 replies
    CS Monitor ^ | 10/09/2014
    Jobless claims by American workers for unemployment benefits fell by 1,000 to 287,000 last week, a sign that US employers are hanging on to workers. Jobless claims are currently lower than they were before the country's economic crisis began. The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market. Initial claims for state unemployment benefits dropped 1,000 to a seasonally adjusted 287,000 in the week ended Oct. 4, the Labor Department said on Thursday. The data adds...
  • Obama Says His Policies, That Have Kept You in the Unemployment Lines,

    10/08/2014 12:06:22 PM PDT · by Kaslin · 16 replies
    Townhall.com ^ | October 8, 2014 | Donald Lambro
    Legendary GOP campaign strategist Lee Atwater was guided by a political maxim he called the Napoleonic rule: Never interfere with the enemy when it is in the process of defeating itself. Atwater, a master political infighter without peer, would be jumping up and down with glee if he had lived to see what is now happening to President Obama and his party in the 2014 midterm elections. To say the Democrats, led by Obama's many blunders, are tearing themselves apart is putting it mildly. Some of his top advisers are blowing the whistle on him. Consider what has happened in...
  • Food Stamp Recipients Top 46 Million for 35th Straight Month

    10/07/2014 5:49:51 PM PDT · by Loud Mime · 12 replies
    CNS NEWS ^ | 10/7/2014 | Ali Meyer
    CNSNews.com) - The number of Americans on food stamps has topped 46,000,000 for 35 straight months, according to data from the Department of Agriculture (USDA). From September 2011 through July 2014, the latest month for which data is available, the number of persons participating in the Supplemental Nutrition Assistance Program (SNAP) has exceeded 46 million. As of July 2014, there were 46,486,434 beneficiaries of the SNAP program. Excerpt - - - Graphs at the source
  • Unemployment truthers see new conspiracy

    10/06/2014 9:35:05 PM PDT · by ForYourChildren · 52 replies
    MSNBC ^ | 10/06/14 | Steve Benen
    <p>Two years ago this week, the nation’s unemployment dipped below 8% for the first time since the start of the Great Recession. Almost immediately, Republicans were outraged – the good news couldn’t be real, they said, but rather must be the result of an elaborate conspiracy.</p>
  • Ebola And ISIS Are Complicating Democrats' Election Plans (Supposedly wanted to run on the economy!)

    10/06/2014 12:09:42 PM PDT · by 2ndDivisionVet · 17 replies
    Business Insider ^ | October 6, 2014 | Brett LoGiurato
    In a perfect world, Democrats would love to the 2014 midterm elections to be all about the economy. But in 2014, the world has been far from perfect. And Democrats say it's hard to grab the public's attention and focus it on a slowly improving economy with crises popping up at home and abroad. "August was Ebola. It was ISIS. It was Ukraine," Rep. Steve Israel (D-N.Y.), the chair of the Democratic Congressional Campaign Committee, told a small group of reporters Monday morning. "Global issues dominated. And in September, those issues continued to dominate. And so, part of the headwind...
  • Why are people leaving the workforce?

    10/06/2014 10:42:21 AM PDT · by SeekAndFind · 67 replies
    CBS News ^ | 10/06/2014 | Kim Peterson
    America's jobs picture is seeing huge improvement, with robust numbers that are giving investors confidence in the economy. The U.S. added 248,000 jobs last month, bringing the unemployment rate below 6 percent. But one part of that picture is still a puzzle: People continue to stop looking for work, and in doing so, are dropping out of the labor pool. In fact, the participation rate in the labor force has fallen to 62.7 percent -- its lowest level since early 1978. How can this be? As the job market heats up and the unemployment rate falls, wouldn't that mean more...
  • Food Stamp Enrollments Top 46 Million for 35 Months in a Row

    10/06/2014 8:49:40 AM PDT · by rktman · 10 replies
    breitbart.com ^ | 10/5/2014 | Wynton Hall
    The government's newly released food stamp enrollment figures reveal that the number of individuals in America on food stamps has topped 46 million for 35 consecutive months. According to the Department of Agriculture, the number of individuals in July (the most recent month figures are available) who received food stamps was 46,486,434. The last time food stamp enrollments fell below 46 million was July 2011.
  • Under 6 Percent Unemployment Rate May Really Be Double? Economic Experts Explain Why

    10/06/2014 9:27:32 AM PDT · by SeekAndFind · 6 replies
    Ch ^ | 10/06/2014 | Samuel Smith
    While people celebrate the fact that America's unemployment rate has fallen below six percent for the first time since 2008, some economic experts say not so fast and point out the discrepancy between the unemployment rate and the number of unemployed persons. The Bureau of Labor Statistics data released its unemployment summary for the month of September on Friday and found that the country's overall unemployment rate decreased by 0.2 percentage points to 5.9 percent, the lowest the rate has been since July of 2008. Additionally, employers added approximately 248,000 jobs in the month. American Enterprise Institute resident scholar in...
  • Rush dares to say it: Ozero's economy numbers are MADE UP

    10/06/2014 9:16:11 AM PDT · by GodAndCountryFirst · 14 replies
    El Rushbo ^ | Oct. 3
    There they the ones who aren't are exceptions. In fact, John Crudele is one of the exceptions. He had a story in the New York Post detailing how that 7.9% number was entirely made up. He did a column on how it was created, how it was artificially manufactured, and how they massaged it to make it 7.9%. He did a piece on how it was illegitimate, and he had been warning prior to the number how they were gonna do it. So he did a column detailing how they did it and so forth. But my guess is most...
  • Record 92,584,000 Not in Labor Force; Participation Hits 36-Year Low

    10/05/2014 8:22:12 AM PDT · by Olog-hai · 19 replies
    Cybercast News Service ^ | October 3, 2014 - 9:19 AM | Ali Meyer
    A record 92,584,000 Americans 16 and older did not participate in the labor force in September, as the labor force participation rate dropped to 62.7 percent, a level it has not seen in 36 years, the Bureau of Labor Statistics reported on Friday. Six times in the last twelve months, the participation rate has been as low as 62.8 percent; but September’s 62.7 percent is the lowest since February of 1978. The participation rate is the percentage of the civilian non-institutional population who participated in the labor force by either having a job or actively seeking one. Those not in...
  • Last Two Election Cycles, Unemployment Dropped Drastically Right Before Election, Rose Soon After

    10/04/2014 8:24:34 PM PDT · by Perdogg · 26 replies
    In an odd coincidence, the last two election cycles have seen a drastic, unexpected drop in the unemployment rate immediately before the election. And in 2012 and 2010, the unemployment rate increased the month or the next after the election. Just as big a coincidence, both 2014 and 2012 saw the drop come in September, but reported in October, the best time to report supposed good news on the economy.
  • High Taxes and Demographic Shift Affect Congressional Representation

    10/04/2014 8:48:31 AM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 10/04/14 | Alan Joel
    Northeast States: For an area that used to be a political powerhouse, it is becoming increasingly marginalized due to excessive taxes and the ensuing population shift I have written on this subject before, and now the affects of high taxes and population migration are playing out in a substantial, political way: the decline of about 40% of Congressional seats in the Northeast. According to the Census Bureau, high taxpayers are moving south. It notes that in the 11 states that comprise the Northeast, population grew at a rate of only 15% over the thirty year span from 1983-2013, while the...
  • GOP Refusal to Extend Unemployment Benefits Leads to Job Growth

    10/04/2014 9:56:11 AM PDT · by John Semmens · 1 replies
    Semi-News/Semi-Satire ^ | 3 Oct 2014 | John Semmens
    A study published by the New York Federal Reserve found that the number of job openings rose by an estimated 20% in the six months following the lapse of the federal government's extended unemployment benefits. The lapse occurred because the Republican controlled House refused to vote to extend the benefits. Fatih Karahan, one of the authors of the study, cited the "mutually reinforcing effects of decreasing the burden on businesses to fund the benefits and decreasing the incentives of recipients to shun employment. If your tax burden of supporting benefits declines you can afford to hire more workers. Similarly, if...
  • Everything You Need to Know About Friday's Jobs Numbers

    10/04/2014 7:49:34 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | October 4, 2014 | Mike Shedlock
    Initial Reaction The payroll survey shows a net gain of 248,000 jobs vs. an expectation of 215,000 jobs. Last month was revised up by 69,000 to 180,000. The six-month string of plus 200,000 jobs remains broken. Last month the household survey had a gain in employment of only 16,000. That number was not revised up. This month the household survey shows a respectable gain of 232,000, pretty much in line with the establishment survey. Nonetheless the household survey over the past six months has been much weaker than the establishment survey. One or the other is apt for some serious...
  • Recent Job numbers favor Democrats

    10/04/2014 7:40:14 AM PDT · by SeekAndFind · 33 replies
    New York Post ^ | 10/04/2014 | John Crudelle
    Advantage, Democrats — unless the 248,000 new jobs in September suddenly force Republicans to go on the offensive. I will explain in a second what the Republicans’ next move could be. But first, you may have read that the Labor Department on Friday, in its last jobs report before the mid-term elections, revealed that job growth and the unemployment rate both improved nicely in September — in fact, better than I expected. That’s going to make the Republican battle to take over the Senate a lot harder because issue No. 1 with Americans is the economy. Jobs = votes. In...
  • At Least We’re Not Detroit. Or Liberia. Yet.

    10/04/2014 7:14:01 AM PDT · by NOBO2012 · 4 replies
    Michelle Obama's Mirror ^ | 10-4-2014 | MOTUS
    “So it is indisputable that our economy is stronger today than when I took office.” – President Obama, October 2, 2014 Eric Bolling disputes some of the President’s indisputable factsWhenever Big Guy pivots back to the economy, you can assume that the rest of the world is a messy, messy place indeed.So when BO returned to his “home town” of Chicago last week to raise money and mix with the little people at Bill and Giuliana Rancic’s tony RPM Steak and deliver an economy speech at Northwestern you can safely assume everything else is falling apart. Avoiding such hot...
  • Who Needs Work When We Have Obama?

    10/04/2014 4:18:48 AM PDT · by Kaslin · 25 replies
    Townhall.com ^ | October 4, 2014 | John Ransom
    While many will be giddy because the BLS reported that job creation came in at 248,000, well above analysts expectations-- and because unemployment ticked down to 5.9 percent-- make no mistake: this is still a bad job market.ThatÂ’s because another 315,000 people left the labor force last month. When adding in the numbers of people who entered the civilian population (217,000) job creation is hardly keeping up with population growth.The job gains, in fact, are not much better than in previous years. When one accounts for part-time work, discouraged workers and those who have dropped out of the labor force...
  • Last Two Election Cycles, Unemployment Dropped Drastically Right Before Election, Rose Soon After

    10/03/2014 1:35:03 PM PDT · by therightliveswithus · 16 replies
    Pundit Press ^ | 10/3/14 | Aurelius
    In an odd coincidence, the last two election cycles have seen a drastic, unexpected drop in the unemployment rate immediately before the election. And in 2012 and 2010, the unemployment rate increased the month or the next after the election. Just as big a coincidence, both 2014 and 2012 saw the drop come in September, but reported in October, the best time to report supposed good news on the economy. This comes on the heels of this election cycle's surprise news that the unemployment rate decreased .2% to 5.9%., a mere two months after the unemployment rose to 6.2%. For...