Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $33,861
38%  
Woo hoo!! And the first 38% is in!! Thank you all very much!!

Keyword: unemployment

Brevity: Headers | « Text »
  • 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 · 23 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...
  • 93 Million Americans Remain Out Of The Labor Force Despite Nearly 400K Work Pool Increase

    06/05/2015 7:17:55 AM PDT · by SeekAndFind · 23 replies
    Zero Hedge ^ | 06/05/2015 | Tyler Durden
    The reason why despite the better than expected increase in jobs the US unemployment rate rose from 5.4% to 5.5% even as the number of Unemployed workers rose by 125K to 8,674MM was due to the 397K influx into the civilian labor force which rose to 157.459MM, a new record high in the series, which on the surface would suggest declining slack as more people who have been traditionally left out of the employment calculation go back into the labor pool.Which aslo meant that since the total US civilian non-institutional population rose by half this number, the number of...
  • U.S. Economy Added 280,000 Jobs in May 2015; Unemployment Rate 5.5%

    06/05/2015 6:33:02 AM PDT · by SeekAndFind · 69 replies
    New York Times ^ | 06/05/2015 | By PATRICIA COHEN
    Blunting worries about the American economy’s momentum after a stretch of lackluster growth this year, the government reported on Friday that employers added a hefty 280,000 jobs in May, well above the average monthly totals logged over the last year. The official unemployment rate ticked up to 5.5 percent, as more Americans returned to the labor force and returned to actively looking for work. At the same time, hourly wages rose 0.3 percent last month, finally providing workers with some long-awaited gains. United States markets were expected to open lower on concerns that the strong report would provide further reason...
  • Gallup: U.S. Job Creation Index Edges Up to New High in May

    06/04/2015 6:28:07 AM PDT · by SeekAndFind · 5 replies
    Gallup ^ | 06/04/2015 | Rebecca Riffkin
    WASHINGTON, D.C. -- Gallup's U.S. Job Creation Index reached +32 for the month of May, the highest Gallup has found, by one point, since 2008. It slightly exceeds the +31 found in April, and the +30 found in September 2014. Shortly after Gallup began tracking job creation in January 2008, the index nosedived as the Great Recession wreaked havoc on the economy. After remaining in negative territory for most of 2009, the index slowly recovered, reaching +30 in September 2014. It then dipped slightly and stayed between +27 and +29 for six months. More recently, it increased two points in...
  • AP Redefines Unemployment as Liberation for Employees

    06/03/2015 1:14:22 PM PDT · by Kaslin · 6 replies
    Rush Limbaugh.com ^ | June 3, 2015 | Rush Limbaugh
    RUSH: I mentioned in the previous hour working 9-to-5 is becoming a less popular way to make a living. This is an AP story. Now, listen. This is absurd, and this is part and parcel of the ongoing Democrat Party agenda. This is how you cover for a rotten economy. "If you want an income, or you're an employer looking for help, it may be time to scrap the idea of the traditional 9-to-5 arrangement." Yes. "For workers --" I prefer employees or associates "-- it has become easier and less risky to go solo. Affordable health-insurance plans, which kept...
  • J.P. Morgan Chase expected to lay off more than 5,000 by next year

    05/29/2015 4:52:55 PM PDT · by 2ndDivisionVet · 16 replies
    MarketWatch ^ | May 28, 2015 | Emily Glazer
    J.P. Morgan Chase & Co. has begun layoffs that are expected to total more than 5,000 by next year, people familiar with the matter said. This latest phase of cuts started earlier this year and would eliminate at least 2% of the bank’s JPM, workforce over the next year. The moves come as the nation’s largest bank overhauls its 5,570 branches to rely more on technology and less on human tellers. Chairman and Chief Executive James Dimon said Wednesday that the average J.P. Morgan Chase branch would lose one employee over the next two years, mostly through attrition....
  • Coal-mine companies expect 2,267 layoffs

    05/23/2015 8:35:49 PM PDT · by 2ndDivisionVet · 25 replies
    The Columbus Dispatch / The Associated Press ^ | May 23, 2015 | Jonathan Mattise
    CHARLESTON, W.Va. — Appalachian coal mining suffered a double blow on Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told 439 more Mountain State miners they could be out of work. The announcements continue a grim employment trend for the Appalachian coalfields. On Friday, St. Clairsville, Ohio-based Murray Energy said it told 1,417 workers at five West Virginia mines that their jobs must be eliminated....
  • ***THE OFFICIAL FRIDAY SILLINESS THREAD***

    05/22/2015 5:42:22 AM PDT · by Lucky9teen · 89 replies
    In Obama's world - our military's top priority is to fight the weather.  PRESIDENT OBAMA: Climate change is one of those most severe threats. This is not just a problem for countries on the coasts or for certain regions of the world. Climate change will impact every country on the planet. No nation is immune. So I am here today to say that climate change constitutes a serious threat to global security, an immediate risk to our national security. And make no mistake, it will impact how our military defends our country. So we need to act and we need...
  • U.S. Jobless Claims Rise, But Still Point to Growing Labor Market

    05/21/2015 7:59:01 AM PDT · by SeekAndFind · 7 replies
    Wall Street Journal ^ | 05/21/2015 | BEN LEUBSDORF
    WASHINGTON—The number of Americans applying for first-time unemployment benefits rose last week, but remained at a historically low level consistent with an improving labor market. Initial jobless claims, a proxy for layoffs across the economy, increased by 10,000 to a seasonally adjusted 274,000 in the week ended May 16, the Labor Department said Thursday. Economists surveyed by The Wall Street Journal had expected 271,000 new claims. “U.S. labor market momentum remains solid in mid-May,” Barclays economist Jesse Hurwitz said in a note to clients. The prior week’s claims were left unrevised at 264,000. The Labor Department said no special factors...
  • US weekly jobless claims total 274,000 vs 271,000 estimate

    05/21/2015 5:30:16 AM PDT · by Red in Blue PA · 3 replies
    First-time claims for state unemployment benefits were expected to total 271,000 in the most recent week, up from 264,000 reported a week earlier.
  • 40 percent of unemployed have quit looking for jobs

    05/20/2015 9:30:24 PM PDT · by Red in Blue PA · 36 replies
    At a time when 8.5 million Americans still don't have jobs, some 40 percent have given up even looking. The revelation, contained in a new survey Wednesday showing how much work needs to be done yet in the U.S. labor market, comes as the labor force participation rate remains mired near 37-year lows. A tight jobs market, the skills gap between what employers want and what prospective employees have to offer, and a benefits program that, while curtailed from its recession level, still remains obliging have combined to keep workers on the sidelines, according to a Harris poll of 1,553...
  • The 25 best cities for job seekers right now

    05/20/2015 8:29:02 AM PDT · by SeekAndFind · 18 replies
    Business Insider ^ | 05/20/2015 | JACQUELYN SMITH
    If you've been unsuccessful in your job search, it might be time to start looking in other parts of the country. But before you pack up and go, you'll want to consider which cities have the best career opportunities, the happiest workers, and the lowest cost of living. To help, online careers community Glassdoor just released its latest report on the 25 best cities for jobs right now. These metro areas stand out for having the highest Glassdoor "Job Score," which was determined by weighting three factors equally: how easy it is to get a job (hiring opportunity), how affordable...
  • The True Black Tragedy: Illegitimacy Rate of Nearly 75%

    05/19/2015 1:09:13 PM PDT · by Olog-hai · 24 replies
    Cybercast News Service ^ | May 19, 2015 | 6:50 AM EDT | Walter E. Williams
    Hustlers and people with little understanding want us to believe that today’s black problems are the continuing result of a legacy of slavery, poverty and racial discrimination. The fact is that most of the social pathology seen in poor black neighborhoods is entirely new in black history. Let’s look at some of it. Today the overwhelming majority of black children are raised in single female-headed families. As early as the 1880s, three-quarters of black families were two-parent. In 1925 New York City, 85 percent of black families were two-parent. One study of 19th-century slave families found that in up to...
  • In sign of times, hardest-hit Nevada may end foreclosure aid

    05/17/2015 9:26:06 PM PDT · by Olog-hai · 8 replies
    Associated Press ^ | May 17, 2015 8:02 PM EDT | Michelle Rindels
    At its height, Nevada was ground zero for the Great Recession. Unemployment topped 14 percent, the highest in the nation. The state led in per-capita bankruptcy filings. And one in every 10 homes faced foreclosure. But while Nevada’s jobless and foreclosure rates still rank high relative to other states, the raw numbers have plummeted. Lawmakers who agonized about public employee layoffs and an overburdened unemployment insurance fund a few years ago are now fretting about a shortage of teachers and want to implement new taxes worth hundreds of millions of dollars. And in another sign of the times, they want...
  • The U.S. economy has left behind 20 million Americans

    05/15/2015 8:00:05 PM PDT · by Lorianne · 16 replies
    Market Watch ^ | 13 May 2015 | Howard Gold
    About 10% of adults of working age have at best marginal ties with the economy ___ Last month, when Baltimore was burning after a young African-American man died in police custody (six officers were subsequently charged), I did a Google search to find what David Simon thought about it. Simon, a former reporter for the Baltimore Sun, was the creator and show runner of “The Wire,” which ran for five seasons on HBO and which Entertainment Weekly called the greatest television show ever. It was a brilliant narrative of the struggle for survival in a violent, drug-riddled Baltimore neighborhood much...
  • Zenith Education Group lays off 131 people at Thornton call center (Colorado)

    05/13/2015 12:02:07 PM PDT · by 2ndDivisionVet · 3 replies
    The Denver Business Journal ^ | May 11, 2015 | Caitlin Hendee, digital producer & social engagement manager
    Zenith Education Group, a Minnesota-based provider of career-school training and operator of Everest College campuses in metro Denver, is laying off 131 people at its Thornton call center. "We had a reduction in the student population and we are merging some call centers to the one located in Tampa," said Zenith spokesperson Krissy Humenesky, referring to a call center at an Everest college in Florida. Zenith, an affiliate of ECMC Group Inc., last December entered into a deal with Corinthian Colleges to take over 56 Everest and WyoTech campuses in 17 states across the country, including Colorado. Earlier this month,...
  • Are 90 million Americans not working or not looking for work? [A closer look at the numbers]

    05/13/2015 9:28:38 AM PDT · by SeekAndFind · 19 replies
    Politifact ^ | 7/30/2013 | By Louis Jacobson
    A reader recently asked us to check a claim that’s been widely repeated on conservative websites -- that 90 million Americans either aren’t working or aren’t looking for work. Over the past few months, the statistic has been cited by various conservative bloggers, pundits and news outlets. We thought we’d take a closer look. Here’s how the calculation is made, using Census Bureau population estimates and employment data from the Bureau of Labor Statistics: The total U.S. population age 16 and over is at least 243 million. Subtracting the nearly 156 million Americans in the labor force in June...