Keyword: unemployment

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  • 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...
  • Jobless claims jump back above 300K; remain near pre-recession levels

    09/11/2014 3:19:04 PM PDT · by SeekAndFind · 13 replies
    CNBC ^ | 09/11/2014
    The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels. Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 315,000 for the week ended Sept. 6, the highest level since late June, the Labor Department said on Thursday. Claims for the prior week were revised to show 2,000 more applications received than previously reported. Economists polled by Reuters had forecast claims slipping to 300,000 last week. The period included the Labor Day holiday...
  • “Reach Higher!” Hell, Why Not Go For The White House?

    09/09/2014 5:04:24 AM PDT · by NOBO2012 · 6 replies
    Michelle Obama's Mirror ^ | 9-9-2014 | MOTUS
    I guess I’ve been a little off my game lately, butt in my defense, I hadn’t even noticed until Little Mo pointed out that I’ve been wasting a lot of valuable Ethernet time/space yacking about racist topics like ISIS/ISIL/IS/ISZ, Benghazi, IRS, Fast & Furious and how Putin is rebuilding the Soviet Union one country at a time. As a result, he reminded me that I’ve been giving short shrift to the more important issues facing our country, like renegade schools that are dumping Lady M’s “Healthy Lunch & Snack Programs.” Because kids just won’t eat them. So they’re hungry all...
  • BLS: Unemployed More Likely to Go Shopping on Average Day Than Look for Job

    09/08/2014 7:20:22 PM PDT · by 2ndDivisionVet · 18 replies
    CNS News ^ | September 8, 2014 | Ali Meyer
    On the average day, an unemployed American is more likely to be shopping—for things other than groceries and gas---than to be looking for a new job, according to data from the Bureau of Labor Statistics. Only 18.9 percent of Americans who were unemployed (in surveys conducted from 2009 through 2013) spent time in job search and interviewing activities on an average day, according to BLS. Yet 40.8 percent of the unemployed did some kind of shopping on the average day--either in a store, by telephone, or on the Internet. 22.5 percent of the unemployed, according to BLS, were shopping for...
  • Mexico Is the New Detroit; Forbes Credits NAFTA

    09/08/2014 7:04:50 PM PDT · by logi_cal869 · 21 replies
    New American ^ | 09/08/2014 | Bob Adelmann
    In a burst of unwarranted enthusiasm, Forbes magazine’s international automotive analyst, Joann Muller, announced gleefully that the rise of the auto-making business in Mexico represented not only more bad news for Detroit, but was the result of “wise trade policies south of the border.” In the promotion for her article, Muller asked rhetorically: “Washington, are you listening?” She concluded that, if those trade policies, better known as the North American Free Trade Agreement (NAFTA), work so well for Mexico, Washington should do more of it for the United States. Not a single word in her lengthy article was devoted to...
  • The Worst Job Stat Continues To Get Even Worse

    09/08/2014 7:09:22 AM PDT · by SeekAndFind · 10 replies
    IBD ^ | 09/08/2014 | Jed Graham
    Amid all the focus on boosting the minimum wage and legislating living wages, virtually no one seems to have noticed what is happening to the workweek in low-wage industries. Since December 2012, private industries paying up to about $14.50 an hour have added, on net, 972,000 nonsupervisory jobs with an average workweek of a mere 17.7 hours, an IBD analysis finds. That doesn't mean new employees are being hired for such few hours. Rather, it reflects a combination of reduced hours in existing jobs and short workweeks for newly created jobs. Overall, in these low-wage industries which employ 30 million...
  • Clifton-based recycler abruptly closes its doors, lays off 100 workers (New Jersey)

    09/07/2014 10:56:13 PM PDT · by 2ndDivisionVet · 16 replies
    The Clifton Journal ^ | September 5, 2014 | Jeff Green, Aaron Morrison, James M. O’Neill and Todd South
    Green Sky workers being told that the recycling plant is closing. A prominent Clifton-based recycling company abruptly closed its doors on Friday, informing more than 100 employees that they had worked their final day while dozens of North Jersey towns scrambled to forge temporary arrangements with other collectors. Green Sky Industries, which promoted itself as the stateÂ’s largest private recycler with 75 municipal contracts, many in Bergen and Passaic counties, announced in a letter to towns on Thursday that it was shutting both of its plants, in Clifton and Carteret in Middlesex County. The companyÂ’s Clifton employees on Friday were...
  • More Angelenos are becoming street vendors amid weak economy

    09/06/2014 8:59:25 PM PDT · by 2ndDivisionVet · 42 replies
    The Los Angeles Times ^ | September 6, 2014 | Tiffany Hsu
    Sitting at her street vending booth with products arrayed neatly on a sequined purple tablecloth, Jackie Lloyd reflects nostalgically on the days when she had a steady salary and regular hours.. That was four years ago, before the 39-year-old was laid off from her job as an elementary school cafeteria worker and mounting bills forced her to venture into self-employment. Now the Pico-Union resident hops from location to location, selling body oils, shea butter, soap and incense. She moves when nearby businesses complain or she feels unsafe. Some days, her sales bring in $150. Others, they don't break $20....
  • Unemployed Unicorns, Bonfires & the Magic Rainbow of Obamanomics

    09/06/2014 4:45:28 PM PDT · by xuberalles · 19 replies
    Self | 9/6/14 | Me
    I’ve said it before and I’ll say it again: the Obama economic recovery is a complete sham! Barack the Barista, aided by his media muppets and trusty teleprompter, continues to tout the “common core” 6.1% unemployment rate while shouting “America is back” from the top of Mount Hypocrisy amidst adoring crowds of mindless Kool-Aid drinkers. As expected, our so-called President is excluding one teensy-weensy, minor detail: Over 92 MILLION Americans, more than a third of the country, are not working! Workforce participation is at an atrocious 62.8%, the lowest rate since Carter’s implosion in 1978, and food stamp recipients have...
  • Millions of job openings, so why aren’t companies hiring?

    09/06/2014 9:18:57 AM PDT · by Citizen Zed · 44 replies
    Yahoo Finance ^ | 9-4-2014
    Even though there were 4.7 million jobs openings in June, the most since 2001, employers are waiting longer to fill them than they have in more than a decade, according to an index created by University of Chicago economist Steven Davis. It's taking 25 working days on average to fill vacancies, a 13-year high, according to the Dice-DFH Vacancy Duration Measure. And for companies with 5,000 employees or more, it's taking more than twice that long -- an average of 58.1 working days. In the accompanying video, Davis points to a few key reasons that could explain why. "The economy...
  • Media Desperately Spinning Bad Jobs Report

    09/06/2014 10:52:10 AM PDT · by SeekAndFind · 16 replies
    Frontpage Mag ^ | 09/06/2014 | Daniel Greenfield
    Shockingly enough the numbers are bad and performing below the usual optimistic expectations. Just like every other time.I’ll just give you the headlines for a taste of how frantically the media is spinning the bad news. A Disappointing Jobs Report May Mask Economy’s Strength – NPRJobs Report: Not Good, but Not Terrible Either – New York TimesDon’t freak out about bad jobs report – Washington PostWhy weak August jobs report probably a fluke – MarketWatchThe Awful New Jobs Report Has One Silver Lining – New Republic It’s a fluke! There’s a silver lining! The bad news is really good news!...
  • For Europe’s vast unemployed, hopes remain dim

    09/06/2014 6:19:31 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Sep 6, 2014 9:02 AM EDT | Paul Wiseman
    For the struggling Spanish shopkeeper or the Portuguese restaurant owner, the European Central Bank’s latest economic stimulus plans won’t likely provide much relief anytime soon. If ever. Confronting a stalled economy and painful unemployment across Europe, the ECB is doing what it can. It surprised economists and investors Thursday by cutting its benchmark interest rate to a record-low 0.05 percent. And it announced plans to pump money into the financial system by buying bonds backed by assets such as auto and credit-card loans. But Europe faces a crushing array of problems—from burdensome regulations to growth-killing budget policies—that analysts say remain...
  • White Unemployment 5.3% -- Black Unemployment 11.4%

    09/05/2014 10:29:52 AM PDT · by Jim Robinson · 52 replies
    CNSNews ^ | September51, 2014 | By Michel mW. Chapman
    (CNSNews.com) – While unemployment nationwide is 6.1%, the unemployment rate for black Americans at 11.4% is more than double the rate for white Americans, who have an unemployment rate of 5.3%, according to the Bureau of Labor Statistics (BLS). The unemployment rate for Latino Americans, at 7.5%, is also lower than the unemployment rate for blacks, the BLS data show. For black Americans, age 16 and older, seasonally adjusted, the unemployment rate between July and August stayed the same at 11.4%, and that is up from the 10.7% rate in June. The last time the black unemployment rate was 11.4%...
  • Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    09/05/2014 10:17:23 AM PDT · by Red Badger · 39 replies
    CNS News Service ^ | September 5, 2014 - 9:07 AM | By Ali Meyer
    CNSNews.com) - A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics. The labor force participation rate has been as low as 62.8 percent in six of the last twelve months, but prior to last October had not fallen that low since 1978. BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison,...
  • Payroll growth slumps in August; unemployment rate down to 6.1%

    09/05/2014 6:44:06 AM PDT · by SeekAndFind · 21 replies
    CNBC ^ | 08/05/2014 | Jeff Cox
    Job growth cooled in August, with nonfarm payrolls adding just 142,000 even as the unemployment rate fell to 6.1 percent, according to the Labor Department. The fall in the headline rate came as labor-force participation fell, declining to 62.8 percent, or 64,000 workers, tying the 2014 bottom and remaining at the lowest level since 1978. Economists expected payroll growth of 225,000 in August following July's upwardly revised 212,000. The unemployment rate was forecast to drop to 6.1 percent from 6.2 percent. August's number are a notoriously volatile set, with 2013's initially reported 169,000 ultimately revised up to 238,000. In 2011,...
  • The Unemployment Rate In Every State, Before And After The Great Recession

    09/05/2014 5:21:01 AM PDT · by Cringing Negativism Network · 9 replies
    NPR ^ | September 04, 2014 5:33 PM ET | Quoctrung Bui
    Jobs. Jobs. Jobs.
  • ADP: Employers Add 204,000 Jobs in August: Figure falls short of economists' estimate of 220K

    09/04/2014 9:47:08 AM PDT · by SeekAndFind · 17 replies
    US News and World Report ^ | 09/04/2014 | Katherine Peralta
    Businesses in the U.S. added 204,000 jobs in August, led by broad-based gains across industries and company sizes, according to the ADP National Employment report released Thursday. The figure fell short of the consensus estimate of 220,000, and was down from the 218,000 jobs the group said the economy added in July. Continued monthly gains in job growth would signal to Federal Reserve policymakers labor market tightening, which could put pressure on employers to raise wages if labor is scarce. Wage gains, which have yet to really materialize, could in turn enable households to pickup their pace of spending and...
  • U.S. initial jobless claims rise by 4,000 to 302,000 last week

    09/04/2014 7:00:51 AM PDT · by SeekAndFind · 6 replies
    Investing.com ^ | 09/04/2014
    The number of people who filed for unemployment assistance in the U.S. last week rose more than expected, dampening 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 August 30 increased by 4,000 to a seasonally adjusted 302,000 from the previous week’s total of 298,000. Analysts had expected jobless claims to rise by 2,000 to 300,000 last week. Continuing jobless claims in the week ended August 23 declined to 2.464 million from 2.528 million...
  • It Takes a President

    09/04/2014 5:59:55 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | September 4, 2014 | John Ransom
    350 more U.S. troops are headed to Iraq to fight a war that Obama declared over almost exactly four years ago today. “President Obama declared an end on Tuesday to the seven-year American combat mission in Iraq,” wrote the New York Times on the last day of August in 2010, “saying that the United States has met its responsibility to that country and that it is now time to turn to pressing problems at home.”Like a lot of journalism, what the New York Times wrote that day was more of an elegy for the Obama administration and its brand of progressivism...
  • This Chart Disproves Republicans' Food-Stamp Nonsense

    09/03/2014 6:40:37 AM PDT · by SeekAndFind · 30 replies
    TNR ^ | 09/03/2014 | Danny Vinik
    When Republicans want to support their position that Americans have become dependent on welfare, they frequently point to the number of workers on food stamps. In 2012, Senator Rand Paul called the program “out of control.” In 2011, Senator Jeff Sessions told the Daily Caller, “There is no doubt, if this country isn’t willing to look under the hood of the food stamp program as we try to bring our surging debt under control, we are obviously not serious about what we are doing.”Paul, Sessions and their Republican colleagues are right that the number of food stamp beneficiaries grew considerably...
  • Study: At Least 740,000 Wisconsinites Face Food Insecurity

    08/18/2014 10:53:13 AM PDT · by Citizen Zed · 57 replies
    MADISON, Wis. – In the land of cheese and bratwurst, a surprising 740,000 Wisconsinites are worried about going hungry. A recent study by the University of Wisconsin School of Medicine and Public Health shows a significant portion of the state's population is worried about not having enough to eat. Lead researcher Dr. Javier Nieto said it isn't just a problem in the rural areas of the state. "We also found more than six percent of respondents in suburban, wealthier areas, also responding 'yes' to the question about whether families have been concerned about having enough food for their family in...
  • Low Income Preppers, Should they get a SNAP/EBT Card? ~ Vanity

    08/18/2014 11:34:16 AM PDT · by GraceG · 77 replies
    GraceG
    Okay, So I know of a few people who are shall we say very Lower middle class who used to be Mid-Middle class until recently due to the wonderful economy as of late. I know they are wanting to prep, but are unable to make ends meet and I have been rotating out my own personal prepping stock to just keep them fed day to day. (don't worry I am not giving them expired food, just food that is nearing expiration). The question recently arose about if they should get an EBT card and use it to buy their own...
  • The 35.4 Percent: 109,631,000 on Welfare

    08/20/2014 7:09:30 AM PDT · by xzins · 89 replies
    CNS ^ | August 20, 2014 | Terence P. Jeffrey
    109,631,000 Americans lived in households that received benefits from one or more federally funded "means-tested programs" — also known as welfare — as of the fourth quarter of 2012, according to data released Tuesday by the Census Bureau. The Census Bureau has not yet reported how many were on welfare in 2013 or the first two quarters of 2014. But the 109,631,000 living in households taking federal welfare benefits as of the end of 2012, according to the Census Bureau, equaled 35.4 percent of all 309,467,000 people living in the United States at that time. When those receiving benefits from...
  • Poverty Is Not The Cause of Criminal Behavior

    08/22/2014 5:51:24 AM PDT · by SeekAndFind · 29 replies
    American Thinker ^ | 08/22/2014 | By Patricia L. Dickson
    As the events in Ferguson, Missouri continue to unfold, a common excuse being offered for the riots and looting is poverty and income inequality. An article written by retired NBA player Kareem Abdul-Jabbar outlines what he calls the reasons for a coming race war that stems from class warfare and systemic racism. The article was so full of liberal talking points and delusional distortions that I had to take a break after each paragraph. He, like others, claims that the rich are somehow holding back poor blacks in order to maintain control of their riches. He also claims the rich...
  • How Dana Loesch’s Upbringing Led Her to Believe ‘Poverty Is a Choice’

    08/25/2014 6:37:12 PM PDT · by combat_boots · 22 replies
    The Blaze ^ | 8/25/2014 | Erica Ritz
    Dana Loesch on Monday shared the story of her upbringing, saying “poverty is a choice” and she knows “a thing or two” about it. “I spent my childhood in a house headed by a single mom, and sometimes, we would have milk, gravy and biscuits twice a day to save money,” Loesch began, filling in on The Glenn Beck Program. “I borrowed notebook paper from my cousin because we were pinching pennies. We didn’t have cable. We didn’t have cell phones. We didn’t have any of the stuff that kids today have. We rented a tiny house in a small...
  • More Than Half Of All Americans Can’t Come Up With $400 In Emergency Cash… Unless They Borrow

    08/26/2014 3:51:12 PM PDT · by SeekAndFind · 88 replies
    Personal Liberty Digest ^ | August 11, 2014 | Ben Bullard
    Count yourself fortunate, or something, if you’re among the 48 percent of Americans who can cough up a spare $400 in emergency cash without having to beg, borrow or steal. According to a Federal Reserve report on American households’ “economic well-being” in 2013, fewer than half of all Americans said they’d be able to come up with four Benjamins on short notice to deal with an unexpected expense. The report, released last week by the Board of Governors of the Federal Reserve, indicates a disparity between how Americans view their financial situation and the reality of where their finances actually...
  • The Welfare State

    08/27/2014 3:07:02 AM PDT · by markomalley · 16 replies
    National Review ^ | 8/27/2014 | Michael Tanner
    One hundred ten million! That’s how many Americans now live in households that receive some form of means-tested welfare benefit from the federal government. According to a report from the Census Bureau released last week, that’s the highest absolute number in American history, and it represents 35.4 percent of the American population. Think about it — more than one out of every three Americans live in households that are now on welfare. Looked at another way, America’s welfare state now has nearly three times the population of the largest actual state. Because many of these households include more than one...
  • Census figures show more than one-third of Americans receiving welfare benefits

    08/28/2014 4:00:52 PM PDT · by Oldeconomybuyer · 11 replies
    FOX News ^ | August 28, 2014 | By Mike Emanuel
    Fifty years after the “war on poverty” was first waged, there are signs a new offensive is needed. Newly released Census data reveals nearly 110 million Americans – more than one-third of the country – are receiving government assistance of some kind. The number counts people receiving what are known as “means-tested” federal benefits, or subsidies based on income. This includes welfare programs ranging from food stamps to subsidized housing to the program most commonly referred to as “welfare,” Temporary Assistance for Needy Families. At the end of 2012, according to the stats, 51.5 million were on food stamps, while...
  • U.S. consumer spending falls for first time in six months

    08/29/2014 5:47:16 AM PDT · by Oldeconomybuyer · 7 replies
    Market Watch ^ | August 29, 2014 | By Jeffry Bartash
    Consumer spending fell in July for the first time in six months, as Americans cut back on purchases of new cars and other retail goods, the government reported Friday. The drop in spending was a bit of a surprise: economists polled by MarketWatch had predicted a seasonally adjusted 0.1% increase. The growth in incomes, meanwhile, slowed to 0.2% pace in July from 0.5% in each of the prior two months. It was the smallest gain since December and also below Wall Street expectations.
  • Weekly Jobless Claims Fall for Second Consecutive Week to 298,000

    08/28/2014 8:33:10 AM PDT · by SeekAndFind · 13 replies
    AOL Jobs ^ | 08/28/2014 | Lucia Mutikani
    The number of Americans filing new claims for unemployment benefits fell for a second straight week last week, underscoring the strengthening labor market fundamentals. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 298,000 for the week ended Aug. 23, the Labor Department said Thursday. Claims for the prior week were revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast claims climbing to 300,000 last week. A Labor Department analyst said there were no special factors influencing the state level data. The four-week average of claims, considered a better measure...
  • SunTrust to shutter Orlando fraud unit, lay off 105

    08/28/2014 5:49:19 AM PDT · by 2ndDivisionVet · 5 replies
    The Orlando Sentinel ^ | August 27, 2014 | Richard Burnett
    SunTrust Banks Inc. is shuttering its fraud-response call center group in Orlando and shedding more than 100 jobs, the bank confirmed Wednesday. Atlanta-based SunTrust, the largest bank in Central Florida, handed out pink slips to 105 employees on Tuesday. The effective layoff date is Oct. 31, according to documents filed with the Florida Department of Economic Opportunity. "Difficult decisions must be made to increase operational efficiencies and decrease expenses to better position the company for the future," SunTrust told employees in the layoff notice. The bank posted a $400 million profit on revenue of $2.2 billion in the second quarter,...
  • Zimbabwe: Street Vending - the Only Option for Zimbabwe's Graduates

    08/25/2014 2:01:37 PM PDT · by 2ndDivisionVet · 22 replies
    allAfrica ^ | August 24, 2014 | Clayton Masekesa
    Tarisai Mukahanana (26) says if she could, she would tell all those who are graduating these days that they have set themselves on a rough and tough road -- tougher than any university assignment. Perhaps like Mukahanana who graduated with a Bachelor of Science Honours Degree in Nursing Science in 2010 from a local university and many other graduates that are being churned out each year, today's university graduates already know that they are graduating into obvious unemployment. Considering the high levels of unemployment in Zimbabwe, Mukahanana believes the future of Zimbabwe's youth is hopelessly bleak. Mukahanana now survives on...
  • Germans could pay for EU unemployed

    08/25/2014 12:55:52 PM PDT · by Olog-hai · 26 replies
    TheLocal.de ^ | Published: 25 Aug 2014 13:20 CET
    Germans could foot the bill for unemployment benefits in other European countries under an EU plan to tax the union’s richest states.László Andor, EU Commissioner for Employment, Social Affairs and Inclusion, set out his proposal in June in Berlin to share the burden of unemployment benefits among EU countries. The plan is now “not far from the table”, CDU politician and MEP Herbert Reul told Welt newspaper on Monday. Andor claims that in a time of economic downturn, this concept could stabilize and revive struggling economies. He told the Welt on Monday that his plan would not replace countries’ unemployment...
  • Why Is It So Hard for Employers to Fill These Jobs?

    08/24/2014 6:54:55 AM PDT · by 2ndDivisionVet · 178 replies
    The Daily Signal ^ | August 23, 2014 | Stephen Moore
    America has a deficit of workers. Willing workers. Capable workers. Skilled, or at least semi-skilled workers, who can do a job and do it well. There are at least one million jobs that go begging day after day if only employers could find workers to fill them. This probably seems hard-to-believe. After all, how can America have a worker shortage when we have about 18 million Americans who are unemployed or underemployed? When the real unemployment rate is 12 percent? Well certainly the economy isn’t creating nearly as many jobs as it should – in large part because of regulatory...
  • Office Depot to close 165 stores this year; settles lawsuit for $80 million

    08/24/2014 3:45:11 AM PDT · by 2ndDivisionVet · 17 replies
    The Fort Lauderdale Sun-Sentinel ^ | August 5, 2014 | Marcia Heroux Pounds
    Boca Raton-based Office Depot said Tuesday it would close 165 stores during 2014 — up from the 150 estimated earlier this year — but stuck with a total count of 400 store closures through 2016, the company said. The office-supply retailer, which merged with OfficeMax last year in a $1.2 billion transaction, said it has completed its analysis of which stores will be closed across the U.S. and Canada. Locally, the retailer has closed two OfficeMax stores, in Coral Springs and Deerfield Beach. The company also announced on a conference call following its second-quarter earnings announcement that it has settled...
  • Zimbabwe economy takes another dive

    08/21/2014 2:40:16 PM PDT · by george76 · 12 replies
    ap ^ | FARAI MUTSAKA
    Several million Zimbabweans left for South Africa and other countries during past economic turmoil. Now, a year after the re-election of longtime leader Robert Mugabe, the country is facing new financial hardships. Zimbabwe's unemployment rate is estimated at 80 percent, pushing many people try to earn a living as street traders.
  • US Unemployment Claims Fall to 298K

    08/21/2014 7:00:58 AM PDT · by SeekAndFind · 42 replies
    Epoch Times ^ | 08/21/2014
    Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving. The Labor Department said Thursday that weekly claims for jobless aid fell 14,000 last week to a seasonally adjusted 298,000. The prior week’s figures were revised up slightly to 311,000. The less-volatile four-week average rose 4,750 to 300,750. It remains close to levels that predate the Great Recession of 2007-2009. Applications are a proxy for layoffs. Employers aren’t just keeping workers. They’re hiring at a pace last seen during the tech boom. They added 209,000 jobs in July, the sixth straight month that job...
  • Job Turnover Data Show Lots Of Churning, Little Job Creation

    08/20/2014 4:59:25 AM PDT · by SeekAndFind · 4 replies
    IBD ^ | 08/20/2014 | EDWARD P. LAZEAR
    The government's latest survey of job openings and labor turnover implies that while the U.S. labor market has improved significantly since the recession, it is far from having recovered. The key determinant of labor market health is hiring, and hiring remains well below normal. The data-rich Job Openings and Labor Turnover Survey, or JOLTS, which Fed chair Janet Yellen is said to follow closely, reports monthly hires and separations, with the separation defined as the termination of an employment relationship for any reason. The hiring and separation numbers reveal important but little-known facts about how the U.S. labor market operates....
  • What States are the Biggest Job Winners and Losers in the Recovery?

    08/18/2014 6:36:36 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | August 18, 2014 | Mike Shedlock
    The Deloitte University Press has a very interesting, and comprehensive study on job gains and losses, by type of job, and state by state. The biggest winners are states involved in energy production, finance, or healthcare. The biggest losers are states that did not recover from the real estate bust, or lost population due to emigration. With that overview, let's dive deeper into the Geography of Jobs. Only now, as we reach the fifth anniversary of the end of the recession, has employment in the United States finally regained its pre-recession peak. The national story of slow recovery obscures the...