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Keyword: unemployment

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  • Uh Oh: BLS Preliminary Recalculation Sheds Half-Million Jobs In 2018-19

    08/23/2019 7:57:58 AM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 08/23/2019 | Ed Morrissey
    Every year, the Bureau of Labor Statistics recalculates its benchmarks for employment calculations. It’s not every year, however, when those revisions chop a half-million jobs out of its previous estimates. In its preliminary calculations, the new benchmark does just that — although it remains to be seen whether those benchmarks will hold up for their final implementation next February: Each year, the Current Employment Statistics (CES) survey employment estimates are benchmarked to comprehensive counts of employment for the month of March. These counts are derived from state unemployment insurance (UI) tax records that nearly all employers are required to...
  • Job Security Is Not Coming Back: The sooner we face up to this reality, the better off we'll be

    08/12/2019 9:12:37 AM PDT · by SeekAndFind · 26 replies
    National Review ^ | 08/12/2019 | Kevin Williamson
    The sooner we face up to this unpleasant reality, the better off we'll be. Shed a single tear, if you havent gone entirely dry, for Americas beleaguered, struggling, and anxiety-ridden law-firm partners.Sara Randazzo, writing in the Wall Street Journal, chronicles the lamentations of the lawyers: Being named a partner once meant joining a band of lawyers who jointly tended to longtime clients and took home comfortable, and roughly equal, paychecks. Job security was virtually guaranteed and partners rarely jumped ship. That model, and the culture that grew up around it, is all but dead. Law firms are now often partnerships...
  • Let's Talk Success

    08/07/2019 4:50:14 PM PDT · by Redwood71 · 3 replies
    The Whitehouse ^ | August 7,2019 | redwood71
    Lets stop talking about liberal lies and talk facts. This is how you win with accomplishments like this after the election: And this is what the liberals/socilaists and the media is hiding.
  • Strong Jobs Numbers Wont Last If Tariffs Continue (blecch)

    08/02/2019 2:30:12 PM PDT · by Tolerance Sucks Rocks · 14 replies
    The Daily Signal ^ | August 2, 2019 | Timothy Doescher
    As the summer rolls on, the American economy is staying hot. Thats the main takeaway from the Bureau of Labor Statistics reports on Friday, which shows that the economy added 164,000 jobs in July. That lined up for the most part with expert predictions. The economy is showing signs of resiliency economy due to sound policies like deregulation and tax cuts. Nonetheless, its time to get real about the negative impacts that tariffs and out-of-control spending will have on long-term growth. In July, we saw that the historically low unemployment rate went unchanged, hovering at 3.7%, while the labor force...
  • new driver training regulations that may hurt its ability to hire drivers

    07/12/2019 6:35:56 PM PDT · by spintreebob · 12 replies ^ | 6-28-2019 | Brendan Ward
    United Parcel Service Inc. has asked for exemptions from 2020 entry-level driver training regulations that would hurt the companys ability to hire new drivers, according to a report from FreightWaves. The new Federal Motor Carrier Safety Administration rules would require behind-the-wheel and theory driver training instructors to have two years experience and to have held a commercial drivers license for two years. If it has to comply with the instructor qualification requirements, UPS would not be able to use a minimum of 25% of its current certified driver instructors, UPS said, according to the logistics news site. Looking forward two...
  • Fact Check: Actually, the Trump Economy is Benefitting the Very People Democrats Claim It Isn't

    07/10/2019 9:41:20 AM PDT · by SeekAndFind · 1 replies
    Townhall ^ | 07/10/2019 | Guy Benson
    One of the trickier bits of political positioning facing Democrats this cycle is how to talk about the American economy.  By nearly every metric, it's performing quite well.  Unemployment is low, growth is pretty strong, wages are rising, the stock market is up -- and we're in the midst of the longest overall US economic expansion in recorded history.  Roughly 70 percent of voters are optimistic about both their personal financial situation and the national picture, and a relatively unpopular president consistently earns his highest marks on this issue, which happens to be at the top of the pile...
  • U.S. Job Growth Rebounds With 224,000 Created In June, Quelling Fears Of Economic Slowdown

    07/05/2019 6:38:55 AM PDT · by SeekAndFind · 35 replies
    U.S. employers added 224,000 jobs Opens a New Window. in June, beating Wall Street Opens a New Window. s expectations of 160,000 likely quelling some concerns about an impending economic slowdown on the heels of a worse-than-expected month for job creation. The unemployment rate ticked up slightly at 3.7 percent, while the labor force participation rate was also little unchanged at 62.9 percent. Average hourly earnings, meanwhile, rose by 6 cents to $27.90. Over the year, average hourly earnings have increased by 3.1 percent, slightly missing expectations of 3.2 percent growth. FoxNews Posted at 9:15 am on July 5,...
  • Employment Situation Summary

    07/05/2019 6:00:01 AM PDT · by Redmen4ever · 4 replies
    Bureau of Labor Statistics ^ | 7/5/19 | U.S. BLS
    Total nonfarm payroll employment increased by 224,000 in June, and the unemployment rate was little changed at 3.7 percent ...
  • Dem Senators Want to Restore Pre-Trump Economy [semi-satire]

    06/22/2019 1:07:21 PM PDT · by John Semmens · 7 replies
    Semi-News/Semi-Satire ^ | 23 June 2019 | John Semmens
    Determined to undo what they called the wrenching changes inflicted on America by Trumps tax cuts, Sens. Ron Wyden (D-OR) and Chris Van Hollen (D-MD) are proposing a Long-Term Unemployment Act. Their bill would create a federal program to reduce the number of private sector jobs and provide new government jobs for those who become unemployed. A problem caused by Trumps policies is that there are currently more jobs than people to fill them. The present surplus of jobs is precisely the worst of the wrenching changes we aim to rectify, Wyden said. Generations of Americans have gotten used to...
  • Four Georgia job sectors that added more than 10,000 jobs

    06/20/2019 5:08:24 PM PDT · by spintreebob · 5 replies
    Atlanta Bizjournal ^ | 6-20-19 | David Allison
    Georgia Labor Commissioner Mark Butler said Thursday that the state's employers added 2,600 jobs in May, pushing the total to 4.59 million jobs. That number is up more than 69,000 from the same time last year. Georgia had four job sectors that added more than 10,000 jobs over the past year: Education/health services, 17,700 Professional/business services, 16,400 Leisure/hospitality, 13,400 Construction, 11,100. "We are continuing to see Georgia grow jobs and overall we're still seeing fewer layoffs year over year," Butler said in a statement. "I think it's been a pretty impressive pace of job creation over the last several years,...
  • Jobs are plentiful, but Idaho teens arent working

    06/16/2019 2:19:02 PM PDT · by Twotone · 57 replies
    Idaho Freedom Foundation ^ | June 7, 2019 | Wayne Hoffman
    Though their population has increased, there are fewer Idaho teenagers in the workforce than there were 20 years ago. In 1998, more than 25,000 Idahoans between the ages of 14 and 18 were employed, two decades later, about 24,500 Idaho youngsters earn a paycheck, according to government data. That four percent drop in the number of young employees today versus 1998 is amplified by the fact that Idahos population was 1.2 million then, and 1.7 million now. The states total workforce has grown by 35 percent. And while policymakers are stoked about Idahos unemployment rate remaining below 3 percent, the...
  • Miss And A Wash: Job Creation Drops To 75,000 In May

    06/07/2019 7:35:11 AM PDT · by SeekAndFind · 31 replies
    Hotair ^ | 06/07/2019 | Ed Morrissey
    Analysts looking for steady job growth got a rude awakening this morning from the Bureau of Labor Statistics. Instead of the expected expansion of 180,000 jobs in May, the economy only added 75,000 jobs, the second-worst performance since August 2017. Unemployment remained steady, but that’s one of the few bright spots from the jobs report: Total nonfarm payroll employment edged up in May (+75,000), and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services and in health care. …The unemployment rate remained at...
  • A devastating analysis of the tax cut shows its done virtually no economic good (barf alert)

    06/01/2019 8:40:47 PM PDT · by Beave Meister · 26 replies
    Los Angeles Times ^ | 5/29/2019 | MICHAEL HILTZIK
    You may remember all the glowing predictions made for the December 2017 tax cuts by congressional Republicans and the Trump administration: Wages would soar for the rank-and-file, corporate investments would surge, and the cuts would pay for themselves. The nonpartisan Congressional Research Service has just published a deep dive into the economic impact of the cuts in their first year, and emerges from the water with a different picture. The CRS finds that the cuts have had virtually no effect on wages, havent contributed to a surge in investment, and havent come close to paying for themselves. Nor have they...
  • The Stock Market Is Sending a Message to Trump: This Is the Wrong Kind of Tech War

    05/30/2019 12:17:47 PM PDT · by SeekAndFind · 44 replies
    PJ Media ^ | 05/30/2019 | Spengler (David Goldman )
    As things stand, America is likely to lose the tech war with China. The stock market should be sending a message to President Trump. U.S. semiconductor stocks are down 20% in the past month, and the broad market has been in freefall for a week. This is a war we can win, by mobilizing American ingenuity to produce technology that will crush the competition. No-one ever won a war by trying to stop someone else from doing something. I'm an Always Trumper, and I want the president to win another term. But he's risking the U.S. economy and his re-election...
  • Gallup: Americans' View of Job Market Hits New High

    05/22/2019 12:01:18 PM PDT · by SeekAndFind · 7 replies
    Gallup ^ | 05/22/2019 | Lydia Saad
    WASHINGTON, D.C. -- Americans' confidence in the U.S. job market is the highest in Gallup's trend originating in 2001, with 71% in May saying now is a good time to find a quality job. This represents a significant improvement from March and April, when 65% each month rated the job market favorably. Today's level is similar to February's 69% reading. The latest survey was conducted May 1-12, with most of the interviews collected after the May 3 Labor Department report announcing that unemployment in April had fallen to 3.6%, the lowest in nearly 50 years. Gallup's national adult trend on...
  • A $2 trillion mistake? Heres what Washington must do to get infrastructure right

    05/19/2019 5:50:33 PM PDT · by Tolerance Sucks Rocks · 19 replies
    The New York Post ^ | May 15, 2019 | Brian Riedl
    President Trump and Democratic leaders have discovered the one policy that unites Washington: spending money we dont have. Yet their bipartisan pledge to spend an added $2 trillion on infrastructure over the next decade faces serious obstacles if these leaders are to responsibly improve our infrastructure. First, Washington should spend only as much as it is willing to offset with other savings. Putting $2 trillion on the national credit card would boost deficits that are already on course to surpass $2 trillion a year within a decade, due mostly to entitlements. These deficits are projected to push annual interest costs...
  • Low unemployment is great unless you're a small business looking for workers

    05/06/2019 11:08:23 AM PDT · by Beave Meister · 49 replies
    NBC News ^ | 5/3/2019 | Martha C. White
    Next week is National Small Business Week, but owners arent likely to spend it celebrating theyll be too busy trying to hire workers or keep the ones they have from defecting to bigger firms. With a 3.6 percent unemployment rate, the lowest since December 1969, the labor market continues to thrive. This is a workers job market, said Moodys Analytics Chief Economist Mark Zandi. But Zandi adds that this is less-than-good news for the small companies that comprise the vast majority of U.S. businesses. The risk or the concern would be at some point that businesses start to come...
  • Dow futures jump 120 points after better-than-expected April jobs report

    05/03/2019 6:22:12 AM PDT · by Red Badger · 32 replies
    CNBC ^ | Published Fri, May 3 2019 2:41 AM EDT Updated Moments Ago | Yun Li
    U.S. stock index futures moved higher on Friday morning as data showed U.S. job creation was stronger than expected in April. Dow futures rose 112 points, indicating a gain of about 110 points at the open, following the release of the better-than-expected jobs report. The Nasdaq Composite is set to open 40 points higher, while futures on the S&P 500 were also higher. The U.S. added a robust 263,000 new hires in April while the unemployment rate fell to 3.6%, the lowest since December 1969, according to a Labor Department report Friday. The nonfarm payroll growth far outpaced Wall Street...
  • Jobs surge in April, unemployment rate falls to the lowest since 1969

    05/03/2019 6:20:06 AM PDT · by Red Badger · 15 replies
    CNBC ^ | 05-03-2019 | Jeff Cox @JeffCoxCNBCcom
    The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, according to a Labor Department report Friday. Nonfarm payroll growth easily beat Wall Street expectations of 190,000 and a 3.8% jobless rate. Average hourly earnings growth held at 3.2% over the past year, a notch below Dow Jones estimates of 3.3%. The monthly gain was 0.2%, below the expected 0.3% increase, bringing the average to $27.77. The average work week also dropped 0.1 hours to 34.4 hours. Unemployment was last this low in...
  • Economy added 263,000 jobs in April, unemployment falls to lowest level since 1969

    05/03/2019 6:07:24 AM PDT · by John W · 41 replies ^ | May 3, 2019 | Lucy Baly
    The economy added a healthy 263,000 jobs in April, firmly beating analyst expectations of 190,000, according to Fridays monthly snapshot from the Department of Labor. The nation's unemployment level fell to 3.6 percent, the lowest since 1969, and average hourly earnings grew by 0.2 percent, for an annual gain of 3.2 percent, according to the Bureau of Labor Statistics.