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Keyword: unemployment

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  • U.S. Weekly Jobless Claims Edge Down To 271,000

    08/27/2015 6:35:24 AM PDT · by SeekAndFind · 9 replies
    RT News ^ | 08/27/2015
    First-time claims for U.S. unemployment benefits decreased modestly in the week ended August 22nd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 271,000, a decrease of 6,000 from the previous week's unrevised level of 277,000. Economists had expected claims to dip to 270,000. With the drop, jobless claims partly offset the modest increases seen over the past weeks, although they remain above the more than forty-year low of 255,000 set in the week ended July 18th. Meanwhile, the Labor Department said the less volatile four-week moving average ticked...
  • Welfare Is the Highest Paying Entry-Level Job in 38 States

    08/26/2015 8:30:01 AM PDT · by wildwoodla · 51 replies
    Political Outcast ^ | 8/26/15 | Mack Stetson
    There are obvious problems with giving people “free” money.
  • Jobless claims edge up; labor market still improving

    08/20/2015 7:09:30 AM PDT · by SeekAndFind · 19 replies
    Yahoo Finance Via Reuters ^ | 08/20/2015 | Lucia Mutikani
    The number of Americans filing new applications for unemployment benefits unexpectedly rose last week, but the trend remained consistent with solid labor market momentum that could keep the Federal Reserve on track to raise interest rates this year. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 277,000 for the week ended Aug. 15, the Labor Department said on Thursday. Claims for the prior week were revised to show 1,000 fewer applications received than previously reported. Economists had forecast claims slipping to 272,000 last week. A Labor Department analyst said there were no special factors influencing the...
  • Question du jour: What happens when we DO replace low-skill workers with robots ?

    08/18/2015 5:41:12 AM PDT · by Salgak · 37 replies
    So question du jour (and I'm asking it in several places today: it was set off by the attached link and its' discussion here on FR. . ) Replacing low-skilled workers with automation, and now robots, has been an accellerating trend for over a century now, and really looks like we're soon going to hit the point where the curve goes hyperbolic. (especially with the push for $15/hour for minimum wage. . .) Given that, as more and more skilled jobs are automated out of existence. . . .what do we do about the now-unemployed, and likely permanently unemployable? So...
  • 12 Signs That An Imminent Global Financial Crash Has Become Even More Likely

    08/16/2015 4:24:40 AM PDT · by SkyPilot · 49 replies
    Economic Collapse ^ | 11 Aug 15 | Michael Snyder
    Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled. The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not...
  • Jobless Claims Unexpectedly Rise, Labor Market Strengthens

    08/14/2015 6:37:30 AM PDT · by SeekAndFind · 31 replies
    HNGN ^ | 08/14/2015 | By Jelani James
    U.S. jobless claims rose again for a third straight week but the numbers still indicated that the labor market was still strengthening. The amount of Americans filing for unemployment benefits unexpectedly rose again from the predicted 270,000 last week, but the numbers are still indicative of a strengthening labor market, the government said Thursday. Initial jobless claims, cited when assessing the pace of layoffs, increased by 5,000 to 274,000 for the week ended Aug. 8, the Labor Department revealed Thursday, reported Reuters. Claims for the previous week were adjusted to show 1,000 fewer applications than previously reported. Even though claims...
  • HTC To Cut 15 Percent Of Workforce

    08/13/2015 2:26:39 PM PDT · by robowombat · 10 replies
    Manufacturing.net ^ | Thu, 08/13/2015 - 1:39pm | Andy Szal, Digital Reporter
    (AP Photo/Ng Han Guan, File) Taiwanese smartphone maker HTC on Thursday announced plans to lay off 15 percent of its workforce — or about 2,300 people — amid weak demand and sales in China. The cuts will be part of a "strategic realignment" after the company projected a net loss for the current quarter. The plan will trim operating expenditures by 35 percent and shift the company's focus toward premium smartphones, virtual reality and connected lifestyle products. "As we diversify beyond smartphones, we need a flexible and dynamic organization to ensure we can take advantage of all of the exciting...
  • Our Government, Destroyer of Jobs

    08/12/2015 1:53:06 PM PDT · by SeekAndFind · 6 replies
    Of Two Minds ^ | 08/12/2015 | Charles Hugh Smith
    If our government can't destroy all the private-sector jobs directly, it will do so indirectly by borrowing so much money the system collapses.Conventional economists and pundits are puzzled why jobs growth has been so anemic in this "recovery." Here's one factor they overlook: our government. In theory, our government is supposed to encourage private sector job growth. In reality, all the hundreds of pages of regulations are killing job growth, one small business and one job at a time.Correspondent/entrepreneur Ray Z. was kind enough to share his experience of trying to open a bagel shop and create six jobs: "For...
  • Blase Cupich op-ed: Planned Parenthood and the muted humanity of the unborn child

    08/11/2015 9:34:13 PM PDT · by ubipetrusest · 24 replies
    Chicago Tribune ^ | August 3, 2015 | Blase Cupich
    The [Center for Medical Progress investigative] tapes [about the collection and sale of fetal organs and parts] have generated a visceral reaction independent of how they were made or whether Planned Parenthood was making a profit. Rather, the widespread revulsion over the tapes arose because they unmasked the fact that, in our public conversation about abortion, we have so muted the humanity of the unborn child that some consider it quite acceptable to speak freely of crushing a child's skull to preserve valuable body parts and to have that discussion over lunch.... This newest evidence about the disregard for the...
  • July jobs report – 215,000 jobs added, U-3 unchanged at 5.3%

    08/07/2015 8:32:53 AM PDT · by SeekAndFind · 1 replies
    Hotair ^ | 08/07/2015 | Steve Eggleston
    The Bureau of Labor Statistics released the July jobs report, and reported that, on a seasonally-adjusted basis, 215,000 jobs were added in July and the unemployment rate remained at 5.3%. From the official release on employment: Household Survey DataIn July, both the unemployment rate (5.3 percent) and the number of unemployed persons (8.3 million) were unchanged. Over the year, the unemployment rate and the number of unemployed persons were down by 0.9 percentage point and 1.4 million, respectively. Pretty much every employment metric was unchanged, at least when rounded to the nearest tenth of a percent. The U-3 rate,...
  • RECORD 93,770,000 AMERICANS NOT IN LABOR FORCE

    08/07/2015 8:25:39 AM PDT · by GoneSalt · 13 replies
    Breitbart ^ | 8/7/2015 | Caroline May
    The number of people not in the labor force reached another record high in July, according to new jobs data released Friday by the Bureau of Labor Statistics. The BLS reports that 93,770,000 people (16 and older) were neither employed last month nor had made specific efforts to find work in the prior four weeks.
  • Have Men Given Up on Work?

    08/05/2015 8:27:18 PM PDT · by rickmichaels · 49 replies
    GoodMenProject.com ^ | December 15, 2014 | Dixie Gillaspie
    There is an economic crisis that isn’t much talked about, but which is responsible for a downward spiral that none of us want to see continue. Men are opting out of the workplace. That’s right. According to the U.S. Department of Labor statistics, in the 1950’s about three percent of men between 25 and 54, which is still considered “prime” working age, were unemployed and not seeking employment. In the late 1960’s that had climbed to about five percent. In 2013 it was reported at 12 percent. And the last report placed it at 16 percent. These aren’t just men...
  • US layoffs hit nearly 4-year high in July: Challenger

    08/06/2015 8:29:03 AM PDT · by 11th_VA · 13 replies
    Yahoo Finance ^ | August 6, 2015 | By Tom DiChristopher
    U.S. job cuts soared to a nearly four-year high in July as the military announced plans to reduce troop and civilian workforce payrolls, according to outplacement consultancy Challenger, Gray & Christmas. Employers based in the United States announced 105,696 layoffs last month, the first time monthly reductions exceeded 100,000 since September 2011. A year ago, U.S. companies announced plans to cut 46,887 jobs. The Challenger report comes a day before the Labor Department's crucial July jobs report. A weak report would make it less likely for the Federal Reserve to announce its first interest rate increase in nine years at...
  • Weekly Jobless Claims Rise but Still Low at 270,000

    08/06/2015 8:42:35 AM PDT · by SeekAndFind · 2 replies
    Daily Finance ^ | 08/06/2015 | Josh Boak
    WASHINGTON -- Slightly more Americans filed for unemployment benefits last week, but their numbers remain near historic lows in a sign that the job market is healthy. The Labor Department said Thursday that applications for jobless aid rose 3,000 to a seasonally adjusted 270,000. The four-week average, a less volatile measure, dropped 6,500 to 268,250. That average has fallen nearly 10 percent over the past year, close to levels last seen in 2000. "Initial claims for unemployment insurance have been below 300,000 for 22 straight weeks, the longest such stretch since 1973," said Gus Faucher, senior economist at PNC Financial...
  • Job insecurity is the new normal. Here's how it's affecting your family life

    08/03/2015 12:49:19 PM PDT · by SeekAndFind · 19 replies
    Deseret News ^ | 08/03/2015 | By Lane Anderson
    After World War II, there was a golden era when Americans, especially those that had an education, could expect to have a job and keep it until retirement and retire with an adequate pension. Those days, which Allison Pugh, professor of Sociology at University of Virginia, refers to as the "20-year career and a gold watch" model, are over. Between a competitive global market, recession and job automation, and a switch to part-time and contingent workers, Americans now live in a culture of perpetual job insecurity, where they are easily laid off, at both high and low-level jobs, and can...
  • H-1B Visas: Great for American Companies, Terrible for American Workers

    08/03/2015 5:28:55 AM PDT · by SeekAndFind · 52 replies
    National Review ^ | 08/03/2015 | Ian Tuttle
    In 2013, when it was revealed that a developer was planning to purchase one of the four properties next to Mark Zuckerberg’s Palo Alto, Calif., home, and pitch potential buyers on the idea of living next-door to the founder of Facebook, the 29-year-old multi-billionaire purchased all four residential properties and leased them back to their current occupants, whose neighborly discretion he valued. Businessmen do business to make money. But occasionally, as Mr. Zuckerberg found out firsthand, business ventures have human costs. In a 2013 letter to President Obama and congressional leaders, more than 100 tech executives, Zuckerberg among them,...
  • What Economic Recovery? America’s Children Suffer Post-Recession

    07/30/2015 8:17:01 AM PDT · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | July 30, 2015 | Malcolm A. Kline
    Three universities contributed to a study that shows that children are faring badly in the Obama years, although they stop short of questioning the official unemployment rate. The 2015 Kids Count Data Book, published by the Annie E. Casey Foundation found that “In 2013, nearly a third of children (31 percent) were living in families where no parent had full-time, year-round employment. The child poverty rate has remained stubbornly high. At 22 percent in 2013, it was still several percentage points higher than before the recession.” The report goes on to note that “In 2000, 9 percent of children lived...
  • US weekly jobless claims total 267,000 vs 270,000 estimate

    07/30/2015 7:55:09 AM PDT · by SeekAndFind · 4 replies
    CNBC via Reuters ^ | 07/30/2015
    The number of Americans filing new applications for unemployment benefits increased last week, but remained near cycle lows in a sign that the jobs market was gaining steam. Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 267,000 for the week ended July 25, the Labor Department said Thursday. Claims for the prior week were unrevised at 255,000, which was the lowest level since November 1973. A Labor Department analyst said there were no special factors influencing the data and that only claims for Puerto Rico had been estimated. The four-week moving average of claims, considered a...
  • Report: Illegal Aliens Outnumber Unemployed Americans

    07/29/2015 7:30:52 AM PDT · by conservativejoy · 22 replies
    http://www.townhall.com ^ | 7/2872015 | Aaron Bandler
    A new report from the Pew Research Center says that the number of illegal aliens in the country currently outnumber unemployed Americans. The Washington Free Beacon has the details: The number of illegal immigrants in the United States totaled 11.3 million in 2014, outnumbering the 9.6 million Americans who were unemployed in the same year, according to data from Pew Research Center and the Bureau of Labor Statistics (BLS). “An estimated 11.3 million unauthorized immigrants lived in the U.S. in 2014,” says a Pew report. “The new unauthorized immigrant total includes people who cross the border illegally as well as...
  • Illegal Immigrants Outnumber Unemployed Americans (Legacy of Perfidy)

    07/27/2015 1:20:36 PM PDT · by lbryce · 13 replies
    Free Beacon ^ | July 27, 2015 | Ali Mayer
    The number of illegal immigrants in the United States totaled 11.3 million in 2014, outnumbering the 9.6 million Americans who were unemployed in the same year, according to data from Pew Research Center and the Bureau of Labor Statistics (BLS). “An estimated 11.3 million unauthorized immigrants lived in the U.S. in 2014,” says a Pew report. “The new unauthorized immigrant total includes people who cross the border illegally as well as those who arrive with legal visas and remain in the U.S. after their visas expire.” Of those 11.3 illegal immigrants, 8.1 million are participating in the labor force. “Unauthorized...
  • We just got a deafening sign that the next US jobs report will be a monster

    07/23/2015 8:13:21 AM PDT · by SeekAndFind · 36 replies
    Business Insider ^ | 07/23/2015 | AKIN OYEDELE
    The July jobs report could be a monster. On Thursday, the Department of Labor reported that initial claims for unemployment insurance plunged by 26,000 to 255,000, the lowest level since November 24, 1973. That's nearly 42 years ago, or when Richard Nixon was US president, or before Greek prime minister Alexis Tsipras was born. The important thing, however, is that this data came during the week that the Bureau of Labor Statistics conducts the survey for the monthly jobs report, which we'll get in just over two weeks on Friday, August 7. In July, the economy added 223,000 jobs and...
  • SHOCK: More black babies aborted than born in New York City

    07/21/2015 2:07:44 PM PDT · by MinorityRepublican · 24 replies
    The American Mirror ^ | JULY 21, 2015 | OLAF EKBERG
    Black lives matter? Apparently not in New York City. A “Pregnancy Outcomes” report from the New York City Department of Health and Mental Hygiene reveals in 2013, more black babies were aborted than born in the city. A chart on page 7 shows 24,108 “non-Hispanic black” babies were born while 29,007 faced “induced terminations” — or abortions.
  • US weekly jobless claims total 281,000 vs 285,000 estimate

    07/16/2015 8:20:42 AM PDT · by SeekAndFind · 15 replies
    CNBC ^ | 07/16/2015
    The number of Americans filing new applications for unemployment benefits fell more than expected last week, pointing to a solid labor market. Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 281,000 for the week ended July 11, the Labor Department said on Thursday. The decline reversed the prior week's rise and ended three straight weeks of increases. Claims tend to be volatile during the summer when automakers normally shut assembly plants for annual retooling. However, some of the companies keep production running, which can throw off a model the government uses to smooth the data for...
  • What Americans Lose When We Refuse to Do Crap Jobs

    07/14/2015 11:28:53 AM PDT · by SeekAndFind · 72 replies
    The Federalist ^ | 07/14/2015 | Peter Cook
    The best job I’ve ever had was cleaning deep fryers at McDonald’s at 4:30 in the morning. By “best,” I don’t mean most pleasant. Each morning, I would take a filtration device (basically a heavy bucket with a filter, on wheels) up to each deep fryer, empty the fryer’s oil into it and, while it churned away, I would scrub the sides and bottom of the fryer. After the filter was done working, I would pump the filtered oil back into the fryer and turn on the heating element to prepare it for that day’s cooking. By the end of...
  • A Marxist, A Calculator & A Comedian Walk Into A Bar

    07/10/2015 12:20:14 AM PDT · by xuberalles · 9 replies
    Self | 07/09/15 | Me
    If you’ve ever played the shell game – one ball and three half coconuts – then you understand the entire charade behind this so-called economic recovery: deception. Let me introduce you to subtraction, addition’s tricky friend! According to astute celebrities like Chris Rock, only in America could a black President lower the unemployment rate to less than 6%, reduce the price of gas to $2.50 a gallon, end two wars – despite accounting for 75% of all casualties and using the exact same timetable as George Bush – and still somehow be considered a failure. Hmm, well that depends on...
  • U.S. jobless claims rise to highest level since February at 297,000

    07/09/2015 12:30:28 PM PDT · by SeekAndFind · 12 replies
    Yahoo News via Reuters ^ | 07/09/2015 | Elvina Nawaguna
    WASHINGTON (Reuters) - New applications for U.S. unemployment insurance benefits rose last week to their highest level since February, suggesting some slowdown in the labor market recovery. Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 297,000 for the week that ended July 4, the U.S. Department of Labor said on Thursday. Even with the rise in claims, the latest report marks the 18th consecutive week of new filings below 300,000, which is considered consistent with a firming labor market. The previous week's claims were revised to 282,000, showing that 1,000 more people filed than initially reported....
  • No Jobs for the Young, No Retirement for the Old [Financial Insecurity rising for everyone]

    07/08/2015 2:35:31 PM PDT · by SeekAndFind · 18 replies
    Of Two Minds ^ | 07/08/2015 | Charles Hugh Smith
    We shouldn't wonder why people are working into their 70s--we should wonder why anyone retires, assuming they'll still be receiving their full pension in five years.You may have seen a variation of this chart of employment in the U.S. by age group. This chart--courtesy of mdbriefing.com-- shows the number of those employed (with any kind of job--full-time, part-time, self-employed) as a percentage of the Civilian Noninstitutional Population (CNP), which includes everyone 16 years of age and older who is not institutionalized or on active duty in the Armed Forces. A number of striking features pop out of this chart: 1....
  • Major Job Cuts Expected at Microsoft [Obamanomics is Awesome, Ain't it Tech Worshipers?]

    07/08/2015 6:39:51 AM PDT · by SoFloFreeper · 12 replies
    NY Times ^ | 7/8/15 | Nick Wingfield
    SEATTLE — Microsoft plans to announce a major new round of layoffs as early as Wednesday, as the company seeks to further cut costs in a shifting technology landscape. The layoffs are in addition to the about 18,000 employees that Microsoft said it planned to let go a year ago, according to people briefed on the plans, who asked for anonymity because the details were confidential. The new job cuts are expected to affect people in Microsoft’s hardware group, among other parts of the company, including the struggling smartphone business that it acquired from Nokia last year in a $7.2...
  • 100 Million Americans Not Working!

    07/07/2015 7:31:13 AM PDT · by Kaslin · 57 replies
    Townhall.com ^ | July 7, 2015 | Stephen Moore
    Is America hard at work? Or hardly working? I ask this because Thursday's Labor Department report for June found yet another 430,000 Americans of working age (16 and older) dropped out of the workforce. Over the last year, only 1.3 million Americans of working age have entered the workforce, even as the population of this same demographic increased by more than 2.8 million. Just over 1 million members of this group found jobs. That's right -- of the new additions to the working age population, less than four in 10 found jobs. The newspapers touted the reduction in the unemployment...
  • Since 2007 The US Has Lost 1.4 Million Manufacturers, Gained 1.4 Million Waiters And Bartenders

    07/03/2015 10:08:38 AM PDT · by SeekAndFind · 19 replies
    Zero Hedge ^ | 07/02/2015 | Tyler Durden
    Presented without comment. * December 2007 is when, according to the NBER, the recession started. The same recession which also according to the NBER ended precisely 6 years ago.
  • Record 93,626,000 Americans Not in Labor Force; Participation Rate Declines to 62.6%

    07/03/2015 5:50:41 AM PDT · by TurboZamboni · 21 replies
    CNS ^ | 7-2-15 | Ali Meyer
    CNSNews.com) - A record 93,626,000 Americans 16 or older did not participate in the nation’s labor force in June, as the labor force participation rate dropped to 62.6 percent, a 38-year low, according to the Bureau of Labor Statistics. In June, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, hit 250,663,000. Of those, 157,037,000 participated in the labor force by either holding a job or actively seeking one. The 157,037,000 who participated in the labor force equaled only 62.6 percent of the 250,663,000 civilian...
  • The real reason the unemployment rate ‘fell’ in June 2015

    07/03/2015 5:12:38 AM PDT · by SeekAndFind · 8 replies
    New York Post ^ | 07/03/2015 | John Crudelle
    You’ve probably heard this phrase: “There are lies, damned lies and there are statistics.” Let’s look at the latest statistics from the Labor Department and you decide whether we are being told the truth, lied to or simply misled by faulty numbers. On Thursday, Labor, in the first sentence of its June jobs report statement, said that “payroll employment increased by 223,000 and the unemployment rate declined to 5.3 percent. Thanks, but I’d like to focus instead on the fifth paragraph and the very last paragraph. First, the unemployment rate. It was down from 5.5 percent in May, so instinctively...
  • America's Current Jobs Picture: Part-Time Jobs Surge By 161,000; Full-Time Jobs Tumble By 349,000

    07/02/2015 9:05:15 AM PDT · by SeekAndFind · 8 replies
    Zero Hedge ^ | 07/02/2015 | Tyler Durden
    While the kneejerk reaction algos were focusing on the +223K jobs number reported by the Establishment Survey, few if anyone notched that the Household survey reported a decline of 56,000 workers in June. But what's worse, is that according to this survey which according to some is far more reliable than its peer, the composition of the US labor force once again deteriorated rapidly with part-time jobs added in June surging by 161,000 while the number of full time jobs tumbled by 349,000. Putting this number in context, while the total number of US workers has long since surpassed its...
  • June jobs report: 223K added, but 432K left workforce, April-May revised down 60K

    07/02/2015 8:18:01 AM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 07/02/2015 | Ed Morrissey
    If you like topline numbers, you’ll like the June jobs report, issued a day early because of the Independence Day headline. The US economy added 223,000 jobs in June, a respectable if unspectacular level of job growth that outpaces population growth, and the U-3 jobless rate dropped to 5.3%. It’s when one looks past the topline numbers that the problems emerge — chief among them the fact that almost twice as many people left the workforce as found jobs: Total nonfarm payroll employment increased by 223,000 in June, and the unemployment rate declined to 5.3 percent, the U.S. Bureau...
  • Little to cheer about in June jobs report: Even has Unemployment Rate Drops to 5.3%

    07/02/2015 8:07:27 AM PDT · by SeekAndFind · 16 replies
    American Thinker ^ | 07/02/2015 | Rick Moran
    The U.S. economy added 223,000 jobs in June, and the "official" unemployment rate dropped from 5.5% to 5.3%.  But the labor force participation rate dropped to a 38-year low, and there were 60,000 fewer jobs created in April and May after adjustments.  It's absolutely amazing that four years after the supposed "recovery" began, more people have stopped looking for work than ever. The Hill: The number of people in the labor force fell by 432,000, a reason for the lower jobless rate, while 56,000 fewer people were employed, sending the participation rate down to 62.6 percent, the lowest level...
  • Federal Reserve Vice Chairman Says Economy Is Nearing “Full Unemployment” …

    07/01/2015 7:05:30 AM PDT · by Enlightened1 · 36 replies
    Gateway Pundit ^ | 06/30/15 | Jim Hoft
    Federal Reserve Vice Chairman Says Economy Is Nearing “Full Unemployment” …Real Unemployment Closer to 42.9% Jim Hoft Jun 30th, 2015 5:42 pm 19 Comments According to the Federal Reserve Bank in St. Louis the labor participation rate is at its lowest point since the Carter years. fred labor part rate Federal Reserve Vice Chairman Stanley Fischer told a an audience at England’s Oxford University this week that the US economy is nearing “full unemployment.” Reuters reported: The U.S. economy probably bounced back to an annual growth rate of around 2.5 percent in the second quarter, and the labor market is...
  • When school's out, millions of kids go hungry

    06/22/2015 3:25:45 PM PDT · by Kid Shelleen · 89 replies
    CNN ^ | 06/22/2015 | staff
    A record 21.7 million American kids get free or reduced-price lunch during at school. But when summer vacation starts, the vast majority of them go without this essential, federally funded benefit. Fewer than 4 million kids -- or just 18% of those in the school lunch program -- are fed through the U.S. Department of Agriculture's summer food program. While that's a record number for the 40-year-old initiative, many advocates and government officials say more needs to be done. "In the summer, when those school meals disappear, children find themselves hungry and with few options," said Duke Storen, a senior...
  • California’s Increasing Job-Stifling Laws

    06/21/2015 12:07:25 PM PDT · by Kaslin · 16 replies
    Townhall.com ^ | June 21, 2015 | Bruce Bialosky
    The other forty-nine states do not fully comprehend how the Golden State has engineered the demolition of a positive job environment. The only thing most hear about today is the drought and our government-enhanced water shortage. The way most Americans become familiar with the anti-employer environment is if another one of our companies moves to their area or one of our residents moves to their area, telling horror stories of how their business was killed by the force of the accumulated regulations. The only businesses that seem to be impervious are located in Silicon Valley or the new Silicon Beach...
  • America’s hiring paralysis

    06/17/2015 7:11:52 AM PDT · by SeekAndFind · 8 replies
    Washington Post ^ | 06/17/2015 | By Catherine Rampell
    Last week the Labor Department offered some seemingly very good news: U.S. employers now have more job openings than ever previously recorded. There is a bounty of opportunities to be had. And yet to unemployed workers, it may not feel that way. That’s because many companies are acting like big teases. They say they want to hire, then drag their feet. In fact, the average time required to fill a job opening has also just reached an all-time high: 27.3 days, or almost a month, according to an important and underappreciated monthly data release called the DHI-DFH Mean Vacancy Duration...
  • 2016 candidates must address high poverty rates among immigrant communities

    06/17/2015 6:32:46 AM PDT · by Twotone · 35 replies
    The Hill ^ | June 17, 2015 | Tom Broadwater
    Immigrants are known for bringing a strong work ethic and economic stimuli to the U.S., but as their families settle into American life, too many are earning too little. According to the latest US Census data on means-tested government assistance, the two largest demographic groups that include large numbers of recent immigrants or children of immigrants (Asians and Hispanics) are disproportionately poor enough to qualify for public assistance.
  • Reality Check: What's the Real Unemployment Rate in the U.S.?

    06/16/2015 10:51:37 AM PDT · by SeekAndFind · 32 replies
    Of Two Minds ^ | 06/16/2015 | Charles Hugh Smith
    By my reckoning, roughly 60% of the civilian work force is fully employed and 40% are marginally employed or unemployed.Officially, the unemployment rate in the U.S. is 5.6%, meaning 5.6% of the work force is temporarily out of a job and actively seeking another one. This low number reflects nearly full employment, as 3% to 4% of the work force is typically in the process of quitting/being laid off and finding another job. Typically, periods of nearly full employment are economically good times, as household income is bolstered and employers have to pay a bit more to hire workers when...
  • The Rise of the Machines

    06/16/2015 8:51:19 AM PDT · by Oldpuppymax · 4 replies
    Coach is Right ^ | 6/16/15 | By LtCol Forrest R. Lindsey USMC (ret), staff writer
    Hardly a day goes by without some new article describing the very rapid advance of automation in our lives. As it is right now, more and more manufacturing is done using computer-controlled machining and robots doing the assembling and even testing. We can’t call for customer assistance anymore without going through a battery of mechanical voices asking us which option we want while directing us away from any hope of human interaction. Machines are accurate, dependable and they never sleep. They don’t belong to unions and they never complain about working conditions and best of all for the Captains of...
  • Robert Reich: Americans have had it with free trade

    06/16/2015 2:17:57 AM PDT · by Cincinatus' Wife · 64 replies
    Salon ^ | June 16, 2015 | Robert Reich
    How can it be that the largest pending trade deal in history – a deal backed both by a Democratic president and Republican leaders in Congress – is nearly dead? The Trans Pacific Partnership may yet squeak through Congress but its near-death experience offers an important lesson. It’s not that labor unions have regained political power (union membership continues to dwindle and large corporations have more clout in Washington than ever) or that the President is especially weak (no president can pull off a major deal like this if the public isn’t behind him). The biggest lesson is most Americans...
  • Yet Another Double Standard in American Politics

    06/12/2015 11:04:44 AM PDT · by jfd1776 · 6 replies
    Illinois Review ^ | June 12, 2015 A.D. | John F. Di Leo
    In America, when friends learn that a woman is being abused by her husband or boyfriend, what do they do? They stage an intervention, help her find a lawyer, get a restraining order, get her out of there… as fast as possible. When a son or daughter learns that an elderly parent is receiving bad care at a nursing home, what do they do? Pack up Dad’s or Mom’s stuff, help them move to a better, safer place, file a complaint with the state’s attorney or the board of health, press charges, but first and foremost, get them out of...
  • Media Downplays Youth Unemployment

    06/11/2015 7:02:58 AM PDT · by Academiadotorg · 12 replies
    Accuracy in Academia ^ | June 10, 2015 | Malcolm A. Kline
    Recent college graduates contemplating their post-graduation job prospects might find that the media is as inaccurate a source of information as their university career services division is. The Washington Post reported on June 5, 2015 that the “U.S. economy added 280,000 jobs in May; unemployment rate at 5.5%.” Generation Opportunity took a closer look at those numbers and found them wanting: • “The effective (U-6) unemployment rate for 18-29 year olds, which adjusts for labor force participation by including those who have given up looking for work, is 13.6 percent (NSA). The (U-3) unemployment rate for 18-29 year olds is...
  • The Job Market Will Get Much Worse, JP Morgan Economist Warns

    06/10/2015 7:54:37 AM PDT · by SeekAndFind · 22 replies
    Zero Hedge via Dark-Bid.com ^ | 06/10/2015 | Daniel Drew
    As Zero Hedge reports every month, the labor force participation rate is at multi-decade lows. Michael Feroli, a JPMorgan economist, said the economy will produce even fewer jobs in the future.In the last ten years, the U.S. saw 68,000 new jobs per month. Meanwhile, the population grew by over 200,000 per month. The last decade's data was marred by severe job losses in 2008. From 1995 - 2005, it was normal to see 300,000 new jobs per month in good years, and the bad years didn't come close to the 2008 horror show.Job creation is on a slight uptrend now,...
  • Plover company files for bankruptcy; may be sold (432 layoffs at Golden County Foods in Wisconsin)

    06/09/2015 1:45:28 AM PDT · by 2ndDivisionVet · 3 replies
    WAOW-TV ^ | June 1, 2015 | Robert Imrie
    PLOVER (WAOW) - A manufacturer of frozen snacks and appetizers told the state Monday that it was laying off 432 workers at its two Plover plants as part of a bankruptcy filing and proposed sale to another company. Golden County Foods said it had reached a preliminary agreement to sell the company to Monogram Appetizers, subject to the approval of the Bankruptcy Court. The company filed for Chapter 11 bankruptcy on May 15 and notified the state Department of Workforce Development of possible massive layoffs in a four-page letter released Monday. Golden County Foods describes itself as world's largest supplier...
  • America’s lost decade

    06/05/2015 9:42:01 PM PDT · by 2ndDivisionVet · 7 replies
    NetRightDaily ^ | June 2, 2015 | Robert Romano
    The U.S. economy contracted at an inflation-adjusted 0.7 percent in the first quarter, the Bureau of Economic Analysis reports in its latest update. The bad news flies in the face of economic projections by the U.S. Federal Reserve, which had been predicting 2.6 to 3 percent growth for 2015 in December. That was downgraded to 2.3 percent to 2.7 percent in March. That had been considered a weak outlook at the time, with the economy not getting above 3 percent any time soon. And now, just to get to that modest 2.3 percent for the year, the economy will need...
  • Payroll Stats Become Even More Implausible: The Job Numbers Literally Do Not Add Up

    06/05/2015 1:23:53 PM PDT · by SeekAndFind · 18 replies
    Alhambra Investment Partners ^ | 06/05/2015 | Jeff Snider
    Payroll Stats Become Even More ImplausibleSince Q1 GDP was revised lower by almost 1% that meant estimates of productivity were going to be even more out of alignment than they were at the first release. Of course, in a less massaged environment productivity might have preserved some sense if there was less rigidity from the BLS on the employment side. In other words, when “output” estimates were reduced (and they were, by more than GDP) it would make sense that everything would be revised downward in a more cohesive process. Instead, output was reduced significantly, by 1.4%, while total hours...
  • Where The May, 2015 Jobs Were: Teachers, Waiters, Retail, And Temp Help

    06/05/2015 1:18:23 PM PDT · by SeekAndFind · 5 replies
    Zero Hedge ^ | 06/05/2015 | Tyler Durden
    One of the defining features of jobs "recovery" and the main reason why wage growth has been so far below the Fed's expectations for years it has prevented wage inflation from appearing despite years of QE, is that the quality of jobs added month after month has disappointing. May was no difference.Yes, the headline print of 280K job additions was great, but a quick look at how the BLS got there shows that nothing has changed because four of the five main job additions were, as usual for the lowest paid jobs. Here is the breakdown: Education and Health...