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Keyword: unemployment

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  • 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 · 26 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...
  • 4 Of 5 Top Job Additions In September Were Low Or Minimum Wage

    10/03/2014 7:09:52 AM PDT · by SeekAndFind · 14 replies
    Zero Hedge ^ | 10/03/2014 | Tyler Durden
    div class="content">Interested why despite the euphoric headline NFP print, a cursory glance deeper inside the payrolls report reveals weakness after weakness, with both participation plunging again and wages the worst since last summer? Here is the answer: 4 of the top 5 largest job additions in September, retail trade, leisure and hospitality, education and health and temp help, were of the lowest quality, and paying, jobs possible. So yes, America added a whole lot of minimum wage waiters, store clerks, groundskeepers and temps: truly the stuff New Normal "recoveries" are made of.
  • U.S. unemployment rate drops to 6-year low at 5.9%

    10/03/2014 7:05:04 AM PDT · by SeekAndFind · 74 replies
    CRAIN's CLEVELAND BUSINESS ^ | 10/03/2014 | SCOTT SUTTELL
    The U.S. unemployment rate is below 6% for the first time in more than six years. The U.S. Bureau of Labor Statistics reported Friday morning, Oct. 3, that the economy added 248,000 jobs in September, pushing the unemployment rate down to 5.9% from 6.1% in August. The unemployment rate hadn’t been below the 6% mark since July 2008, according to BLS historical data. Employment increased most strongly in professional and business services, retail trade and health care, the government said. The government said the number of people unemployed in September declined by 329,000 to 9.3 million. During the last year,...
  • .S. Added 248,000 Jobs in September, Unemployment Rate Falls to 5.9%

    10/03/2014 6:09:50 AM PDT · by mykroar · 27 replies
    FoxBiz.com ^ | 10/3/14 | Dunstan Prial
    The U.S. economy added 248,000 jobs in September as labor markets rediscovered the momentum gained earlier this year. The headline unemployment rate dropped unexpectedly to 5.9% from 6.1% The better-than-expected figures are certain to rekindle the debate over the timing and trajectory of interest rate hikes by the Federal Reserve, as the positive report will have many economists looking for rates to move higher sooner rather than later. In August the economy generated just 142,000 new jobs, well below expectations on weakness in major sectors including manufacturing, retail and transportation. That number was revised upward to 180,000 on Friday, according...
  • "Discussion" of Unemployment on Bloomberg. Bring back JOBS to America.

    10/03/2014 5:14:14 AM PDT · by Cringing Negativism Network · 12 replies
    Bloomberg News | 10/3/2014 | (rant)
    This morning I'm watching Bloomberg news, and they just started the hour with a quick discussion of unemployment, in anticipation of the week's statistics. I am left distinctly unenthused by the nature of that "discussion". Nobody is talking about unemployment, as a lack of jobs. We have as a country, one big problem. We have sent millions of AMERICAN JOBS to other countries. Many to the Peoples Republic of China. Our solution is so simple. America needs to bring back American jobs. Nobody is willing to say that. We continue as a nation to run a 30 billion trade deficit...
  • U.S. Weekly Jobless Claims Unexpectedly Drop To 287,000 [4th straight week below 300,000]

    10/02/2014 6:42:41 AM PDT · by SeekAndFind · 21 replies
    RTT News ^ | 10/02/2014
    First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended September 27th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 287,000, a decrease of 8,000 from the previous week's revised level of 295,000. The pullback came as a surprise to economists, who had expected jobless claims to climb to 297,000 from the 293,000 originally reported for the previous week. The Labor Department said the less volatile four-week moving average also edged down to 294,750, a decrease of 4,250 from the previous week's revised average of 299,000. With...
  • The Great Recession: The financial crisis that keeps on giving

    09/29/2014 2:01:22 PM PDT · by SeekAndFind · 6 replies
    Los Angeles Times ^ | 09/29/2014 | SCOTT MARTELLE
    The Great Recession has lasted a lot longer for some than for others. A new survey from Rutgers University’s John J. Heldrich Center for Workforce Development found that “one in five workers - or nearly 30 million people - say they were laid off from a job in the past five years," dating back to the end of the recession in June 2009. "Nearly 4 in 10 of these laid-off workers say they searched for a job for more than seven months before finding another one; one in five workers laid off during the past five years never found another...
  • Dallas Fed Reserve Pres: Fed Gov’t Should ‘Get Their Act Together and Be More Like Texas’

    09/29/2014 3:05:27 AM PDT · by Olog-hai · 4 replies
    Fox News Insider ^ | Sep, 28, 2014 1:31 pm
    Despite struggling with the ongoing border crisis, Texas is the number three state in terms of job growth, creating more than 20,000 jobs in August alone, with an unemployment rate of just 5.3%. So, what is Texas doing right? […] (President and CEO of the Federal Reserve Bank of Dallas, Richard) Fisher explained that Texas is way ahead of much of the nation economically largely due to its highly diversified economy, pro-business government and lack of income tax. …
  • Weekly Jobless Claims Rise Less than Expected, Point to Firming Labor Market

    09/25/2014 8:34:45 AM PDT · by mykroar · 19 replies
    FoxBusiness.com ^ | 9/25/14 | Reuters
    <p>The number of Americans filing new claims for unemployment benefits rose less than expected last week, suggesting an acceleration in job growth in September.</p> <p>Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 293,000 for the week ended Sept.20, the Labor Department said on Thursday.</p>
  • Hedge Fund Manager Kyle Bass: Unemployment Rate Is 'Rigged', Closer to 11%

    09/24/2014 2:46:20 PM PDT · by SeekAndFind · 10 replies
    Real Clear ^ | 09/24/2014
    America's unemployment rate as measured by the Labor Department vastly underrepresents the number of Americans actually out of work, hedge fund manager Kyle Bass told CNBC. Earlier this month, the government said the nation's unemployment rate fell to 6.1 percent in August, while job growth cooled with just 142,000 nonfarm payrolls added. "Look at unemployment, the way it's calculated is it's semi-rigged," he argued in a "Squawk Box" interview. "It will trend down to the 5 percent range just because people stop looking for a job." "If you take everyone that has dropped out of the workforce since the beginning...
  • Off-shoring American jobs - good for corporations, bad for everyone else

    09/20/2014 2:28:08 PM PDT · by Noremac · 44 replies
    Communities Digital News ^ | September 20, 2014 | Richard Cameron
    <p>Every now and then I see an article that is so reality deficient that it commits what amounts to sexual assault against common sense. Actually I see them all the time, but one in particular had me shaking my head.</p>
  • Sonoma County jobless rate falls in August

    09/19/2014 6:01:55 PM PDT · by rey · 4 replies
    Press Democrat ^ | September 19, 2014 | ROBERT DIGITALE
    With school employees returning to work, Sonoma County’s unemployment rate dipped in August to 5.4 percent, the lowest rate for the month in seven years. In August, Sonoma had the fifth-lowest unemployment rate among the state’s 58 counties. Marin ranked first with a rate of 4.2 percent. Napa ranked fourth at 4.8 percent, Mendocino was 12th at 6.1 percent and Lake, 40th at 8.9 percent.
  • U.S. initial jobless claims fall by 36,000 to 280,000 last week

    09/18/2014 6:27:18 AM PDT · by SeekAndFind · 19 replies
    Investing ^ | 09/18/2014
    The number of people who filed for unemployment assistance in the U.S. last week fell to the lowest level since mid-July, fuelling optimism over the strength of the labor market, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 13 decreased by 36,000 to a seasonally adjusted 280,000 from the previous week’s revised total of 316,000. Analysts had expected jobless claims to fall by 11,000 to 305,000 last week. Continuing jobless claims in the week ended September 6 fell to 2.429...
  • Obama's Illinois: Food Stamp Growth Exceeds New Jobs

    09/17/2014 3:41:34 PM PDT · by raptor22 · 12 replies
    Investor's Business Daily ^ | September 16, 2014 | IBD EDITORIALS
    Economy In Crisis: A new study by the Illinois Policy Institute shows in the past four years, the number of new food-stamp recipients in the state has outpaced new jobs nearly 2-to-1. Illinois Democratic Gov. Pat Quinn, locked in a tight re-election battle with self-made billionaire Republican Bruce Rauner, has been arguing that Illinois, arguably the bluest of blue states, has turned the fiscal corner and is on its way back. The recovery may be slower than Quinn wants it to be — but, he says, it is real. It is an odd recovery, though, that makes more people dependent...
  • Census: Real Household Income Peaked in 20th Century

    09/17/2014 7:48:24 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | September 17, 2014 | Terry Jeffrey
    So far, if measured by household income, the 21st century has not been a good one for the United States of America. In its annual report on "Income and Poverty in the United States," released on Tuesday, the Census Bureau described real median household income as stagnating for two years after declining for two. "Median household income was $51,939 in 2013, not statistically different in real terms from the 2012 median of $51,759," said the Census Bureau. "This is the second consecutive year that the annual change was not statistically significant, following two consecutive years of annual declines in median...
  • America Wastes $22 Trillion In War On Poverty. 'Poverty' in America is not your father's poverty

    09/17/2014 6:00:27 AM PDT · by SeekAndFind · 11 replies
    IBD ^ | 09/17/2014 | Robert Rector
    The Census Bureau's annual report on poverty, released Tuesday, is noteworthy because this year marks the 50th anniversary of President Lyndon Johnson's launch of the War on Poverty. Liberals claim that the war has failed because we didn't spend enough money. Their answer is to spend more. But the facts show otherwise. Since its beginning, U.S. taxpayers have spent $22 trillion on Johnson's War on Poverty (in constant 2012 dollars). Adjusting for inflation, that's three times more than was spent on all military wars since the American Revolution. The federal government currently runs more than 80 means-tested welfare programs. These...
  • Welfare Sign-ups Beat Job Creation 2-to-1 in Illinois

    09/16/2014 6:21:04 PM PDT · by Kaslin · 4 replies
    Townhall.com ^ | September 16, 2014 | Sarah Jean Seman
    For every job created in the state of Illinois, two people sign-up for food stamps—not exactly an encouraging statistic. The state ranked ‘dead last’ across America for job growth in 2014, according to the Illinois Policy.Not only is the economically-challenged state failing to create positions in the private sector, it actually lost nearly 6,000 jobs between January and July of this year. Since the financial crisis of 2008, Illinois has almost 300,000 fewer workers:  The pace at which Illinois has been creating jobs is simply not good enough for Illinois families, and policy mistakes, such as the historic 2011 tax hikes,...
  • The War on Poverty After 50 Years (has cost tax payers to date $22 Trillion)

    09/16/2014 5:25:39 PM PDT · by Chgogal · 46 replies
    The Heritage Foundation ^ | September 15 ,2014 | Robert Rector and Rachel Sheffield
    This week, the U.S. Census Bureau is scheduled to release its annual poverty report. The report will be notable because this year marks the 50th anniversary of the launch of President Lyndon Johnson’s War on Poverty. In his January 1964 State of the Union address, Johnson proclaimed, “This administration today, here and now, declares unconditional war on poverty in America.”[1] Since that time, U.S. taxpayers have spent over $22 trillion on anti-poverty programs (in constant 2012 dollars). Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all military wars in...
  • Poverty in US declines for first time since before recession

    09/16/2014 10:49:41 AM PDT · by Citizen Zed
    Gen. Martin E. Dempsey, the chairman of the Joint Chiefs of Staff, told Congress on Tuesday that he would recommend deploying United States combat forces against Islamic extremists in specific operations if the current strategy of airstrikes was not successful, raising the possibility of the kind of escalation that President Obama has flatly ruled out. General Dempsey said that the ground forces would likely be Special Operations commands who could call in airstrikes from the ground. In testimony before the Senate Armed Services Committee, he said that while he was confident in the ability of the coalition of American, European...
  • 46,496,145: Food Stamp Recipients Can Fill Yankee Stadium 925 Times

    09/15/2014 2:24:06 PM PDT · by SkyPilot · 22 replies
    CNS News ^ | 12 Sep 14 | Ali Meyer
    In June 2014, there were 46,496,145 recipients of the food stamp program, which is enough to fill the Yankee Stadium 925 times, according to data from the Department of Agriculture (USDA). The Yankee Stadium is equipped to hold 50,291 persons, meaning that the 46,496,145 Supplemental Nutrition Assistance Program (SNAP) recipients in June 2014 could fill the stadium 925 times. The number of recipients was up 270,999 since the previous month in May 2014 when there were 46,225,146 individuals participating in the program. Similarly, the number of households participating in the SNAP program has increased as well from the 22,590,393 participating...
  • Food stamp recipients could fill Yankee Stadium 925 times

    09/15/2014 11:01:27 AM PDT · by Impala64ssa · 11 replies
    Allen B. West ^ | 9/15/14 | Allen West
    Recently we reported there are 92 million Americans out of work who didn’t look for employment last month – while there were 9 million out of work who were still looking. And you must understand, since the 92 million aren’t looking, they’re not counted as “unemployed” therefore giving the impression that American unemployment is only 6.1 percent. Well, we haven’t looked at the growth of the welfare nanny-state for sometime. As we are winding down the baseball season — which is the last season for Yankee stalwart Derek Jeter — I figured we could pay tribute to the Yankees as...
  • Ferguson job fair attracts 5,000

    09/14/2014 9:14:49 AM PDT · by 2ndDivisionVet · 29 replies
    The St. Louis Post-Dispatch ^ | September 14, 2014 | Stephen Deere and Joel Currier
    FERGUSON • In less than half an hour, thousands of people arrived, dressed in jeans and suits, with their résumés in hand. The line to get into a room where dozens of potential employers sat waiting was at least 45 minutes long. A job fair sponsored by the Urban League of Metropolitan St. Louis on Saturday drew about 5,000. The event, held at St. Louis Community College’s Florissant Valley campus, was supposed to end at 2 p.m. But it ran more than an hour long just so everyone who had waited in line could interview. Damon Williams, 38, said frustration...
  • How Far Away Can Skynet Be?

    09/14/2014 4:55:17 AM PDT · by Kaslin · 25 replies
    Townhall.com ^ | September 14, 2014 | Derek Hunter
    Remember the Terminator movies and the evil electronic overlords of Skynet – the computer system that became self-aware and launched the war against humans? We aren’t there…yet. But we are fast approaching the point where people simply aren’t necessary to conduct a significant amount of business and life. There won’t be a single day – a “Skynet Day” – we will point to when the low- and no-skilled workers became the Betamax of the workforce. It will happen gradually. But it will happen. And we’ll spend decades arguing over why. It didn’t start with the formation of unions. They were...
  • Hollywood Code Red: 2014 Already a Write Off, 19% of Jobs Cut

    09/12/2014 11:28:52 AM PDT · by ImJustAnotherOkie · 138 replies
    Breibart ^ | 12 Sep 2014, 10:07 AM PDT | John Nolte
    When you combine Variety's story about a 19% drop in entertainment industry jobs, and The Hollywood Reporter's story about the 2014 box office already being written off as a "disaster," things look pretty glum in the business of show. And probably for good reason. No one expected Summer 2014 to tank. No one. Everyone's saying "wait till next year," but this year there was a Spider-Man, some X-Men, a bunch of Apes, more Transformers, ..., this past Labor Day weekend was the worst since the post- 9/11 Labor Day weekend. No one knows why. No one can explain it. And...