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Keyword: unemployment

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  • George Will: The harm incurred by a mushrooming welfare state

    01/22/2015 1:22:47 PM PST · by Brad from Tennessee · 55 replies
    Washington Post ^ | January 21, 2015 | By George Will
    America’s national character will have to be changed if progressives are going to implement their agenda. So, changing social norms is the progressive agenda. To understand how far this has advanced, and how difficult it will be to reverse the inculcation of dependency, consider the data Nicholas Eberstadt deploys in National Affairs quarterly: America’s welfare state transfers more than 14 percent of gross domestic product to recipients, with more than a third of Americans taking “need-based” payments. In our wealthy society, the government officially treats an unprecedented portion of the population as “needy.” Transfers of benefits to individuals through social...
  • Drug manufacturer Hospira closing Clayton plant, cutting 250 jobs (North Carolina)

    01/20/2015 1:00:36 PM PST · by 2ndDivisionVet · 5 replies
    WRAL-TV TechWire ^ | January 14, 2015
    Clayton, N.C. — Hospira, a manufacturer of injectable and other drug products as well as medical devices, is closing its plant in Clayton which employs some 250 people. Hospira says the facility will close in the second half of this year. “After a thorough evaluation of the site and the various products produced at this facility, we had to make this difficult decision,” said Matt Stober, senior vice president for operations, in a statement. The firm operates a major plant in Rocky Mount as well. In 2012, it decided to add 200 works at that operation. Hospira (NYSE: HSP) disclosed...
  • Why Wages Lag Employment Recovery

    01/19/2015 6:20:13 AM PST · by SeekAndFind · 34 replies
    RCM ^ | 01/19/2015 | Robert Samuelson
    The great wage mystery deepens. In economic recoveries, there usually comes a time when strong job gains lead to strong wage gains. Businesses must pay more to recruit and retain the workers they need. Not this time - or at least not yet. The unemployment rate has dropped from a peak of 10 percent in October 2009 to 5.6 percent at the end of 2014. But hourly wage gains haven't accelerated. They've plodded along at about a 2 percent annual rate, roughly matching inflation. Economists are baffled. "This labor market recovery looks different from anything since World War II," says University...
  • Majority of U.S. Public school students are in poverty

    01/18/2015 9:40:01 AM PST · by wtd · 46 replies
    Washington Post ^ | 1/18/2015 | Lindsay Layton
    For the first time in at least 50 years, a majority of U.S. public school students come from low-income families, according to a new analysis of 2013 federal data, a statistic that has profound implications for the nation. The Southern Education Foundation reports that 51 percent of students in pre-kindergarten through 12th grade in the 2012-2013 school year were eligible for the federal program that provides free and reduced-price lunches. The lunch program is a rough proxy for poverty, but the explosion in the number of needy children in the nation’s public classrooms is a recent phenomenon that has been...
  • Jobless Claims in U.S. Unexpectedly Climb to Four-Month High

    01/15/2015 8:38:55 AM PST · by PROCON · 18 replies
    bloomberg | Jan. 15, 2015 | Shobhana Chandra
    Linky only. http://www.bloomberg.com/news/2015-01-15/jobless-claims-in-u-s-unexpectedly-climb-to-four-month-high.html
  • Deb Shops closing all stores in Michigan, nationwide

    01/15/2015 2:20:25 AM PST · by 2ndDivisionVet · 11 replies
    The Ann Arbor News ^ | January 12, 2015 | Heather Jordan
    Women's fashion discount retailer Deb Shops is closing all of its stores in Michigan and nationwide. After more than 80 years in business, the Philadelphia-based retailer, which specializes in junior- and plus-size apparel, filed for Chapter 11 protection on Dec. 4, according to a news release. On Jan. 7, the bankruptcy court awarded Gordon Brothers Group and Hilco Merchant Resources the store closing process for all locations. Officials with Gordon Brothers Group and Hilco Merchant Resources began going-out-of-business sales at approximately 287 Deb Shops retail locations Friday, Jan. 9, the release states. The company's website gob.debshops.com now is simply an...
  • The only state where less than half its citizens work

    01/13/2015 7:58:38 AM PST · by illiac · 19 replies
    MarketWatch ^ | 1/13/15 | Steve Goldstein
    WASHINGTON (MarketWatch) — West Virginia quietly passed the ignominious milestone of having less than half of its adult, civilian population in the workforce in November. State data compiled by the Labor Department shows that West Virginia’s civilian labor participation rate has fallen to 49.8%, from 50% in October. The national rate in December was 62.7%. The Mountain State is the only state in the history of the series, which goes back to 1976, to have fallen below 50%, though Mississippi at 50.8% isn’t far behind. The troubles that have befallen West Virginia have been well publicized, notably the diminished demand...
  • Dallas-Fort Worth and three other Texas metro areas showed best job growth in November

    01/12/2015 12:42:00 AM PST · by 2ndDivisionVet · 3 replies
    The Dallas Morning News BizBeat ^ | December 30, 2014 | Sheryl Jean
    Dallas-Fort Worth and three other Texas metro areas continued to outperform the nation in job growth in November. The Dallas-Fort Worth and Houston areas continued to see the nation’s fastest growing employment among metropolitan areas for the 12 months through November, according to data released today by the U.S. Bureau of Labor Statistics. The Houston area added 125,300 jobs in that time frame, followed by Dallas-Fort Worth (111,500 jobs) and the New York area (107,900 jobs). Midland (6.2 percent) and Odessa (+4.7 percent) saw the largest year-over-year percentage gains in employment in November. Overall, November employment increased in the last...
  • Americans don't want a revolution despite Elizabeth Warren's sounds of alarm for the middle class

    01/11/2015 4:42:11 PM PST · by 2ndDivisionVet · 51 replies
    The London Telegraph ^ | January 11, 2015 | Peter Foster in Washington
    Ideological splits among Republicans have been part of the fun of the American political fair for more than 50 years now, but what of potential divisions on the Left? When Barack Obama departs the White House in 2016, the question already being asked is whether Democrats will now suffer the same kind of upheaval that the Tea Party inflicted on Republicans after George W. Bush left office in 2008. Last week in Washington DC it was possible to hear the opening shots of what some left-wing Democrats hope will become a similarly fierce fight for the ideological soul of their...
  • Unemployment rate drops to 5.6% as economy creates 252,000 jobs

    01/09/2015 6:01:54 AM PST · by God luvs America · 80 replies
    The U.S. economy added 252,000 jobs in December, sending the unemployment rate down to 5.6%. The latest jobs numbers continue a streak of strong economic growth, which has seen the unemployment rate drop 0.2 points in the last two months alone.
  • Why The Unemployment Rate Fell: Dipping Participation Rate

    01/09/2015 10:13:48 AM PST · by SeekAndFind · 18 replies
    Yahoo News ^ | 01/09/2015 | By Rick Rieder of BlackRock
    4 Factors Weighing On Labor Markets—And Implications For Fed Policy (Part 1 of 5) Labor markets are weaker than they appear, leading the Fed toward continued accommodative monetary policy. Still, the central bank may find that weakness difficult to overcome, as much of it stems from serious long-term issues and not merely short-term lack of demand. In recent posts, my colleague Russ Koesterich outlined why the U.S. labor market recovery will continue to frustrate the Fed, and Jeff Rosenberg examined one key reason why the central bank is set to keep rates low for some time. I agree with these...
  • Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million Not In Labor Force

    01/09/2015 9:55:23 AM PST · by SeekAndFind · 19 replies
    Zero Hedge ^ | 01/09/2015 | Tyler Durden
    Another month, another attempt by the BLS to mask the collapse in the US labor force with a goalseeked seasonally-adjusted surge in waiter, bartender and other low-paying jobs. Case in point: after a modest rebound by 0.1% in November, the labor participation rate just slid once more, dropping to 62.7%, or the lowest print since December 1977. This happened because the number of Americans not in the labor forced soared by 451,000 in December, far outpacing the 111,000 jobs added according to the Household Survey, and is the primary reason why the number of uenmployed Americans dropped by 383,000. And...
  • Unemployment rate falls to 5.6 percent as U.S. gains 252,000 jobs

    01/09/2015 8:03:17 AM PST · by SeekAndFind · 31 replies
    Columbus Dispatch ^ | 01/09/2015
    WASHINGTON -- The United States capped its best year for hiring in 15 years with a healthy gain in December, and the unemployment rate hit a six-year low. The numbers support expectations that the United States will strengthen further this year even as overseas economies stumble. The Labor Department said today that employers added 252,000 jobs last month and 50,000 more in October and November combined than it had previously estimated. The unemployment rate dropped to 5.6 percent from 5.8 percent in November. The rate is at its lowest point since 2008. Yet wage growth remains weak. Average hourly pay...
  • U.S. jobless claims dip to 294,000; 2014 layoffs lowest in 17 years

    01/08/2015 8:29:52 AM PST · by SeekAndFind · 25 replies
    Yahoo News via Reuters ^ | 01/08/2015 | By Lucia Mutikani
    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week and job cuts declined sharply in December, suggesting the labor market is tightening. Thursday's reports support views of faster growth this year, driven by consumer spending, despite a faltering global economy. "Labor market conditions continue to improve, providing support for consumers and contributing to a virtuous cycle for the economy," said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan. Initial claims for state unemployment benefits slipped by 4,000 to a seasonally adjusted 294,000 for the week ended Jan. 3,...
  • Family Fragmentation: Can Anything Be Done?

    01/06/2015 4:24:51 AM PST · by Kaslin · 25 replies
    Townhall.com ^ | January 6, 2015 | Michael Barone
    How big a problem is family fragmentation? "Immense," says Mitch Pearlstein, head of the Minnesota think tank Center of the American Experiment. "The biggest domestic problem facing this country." So big he went out and interviewed 40 experts of varying ideology across the nation and relayed their answers in his book "Broken Bonds: What Family Fragmentation Means for America's Future." That's the good news. The bad news is that none of the experts is confident he has an answer, and neither is Pearlstein. What is family fragmentation? The facts are easy to state. About 40 percent of babies born in...
  • The Obama Economic Record is Even Worse than You Realize

    01/06/2015 8:26:59 AM PST · by george76 · 20 replies
    American Thinker ^ | January 5, 2015 | Chad Stafko
    Six years ago this month, America cast its lot toward a young, first-term U.S. Senator from Illinois to lead the greatest nation in the world. His mesmerizing words and bold promises drew folks in by the millions. However, unless you're a bleeding heart liberal, you realize the social experiment of electing an unqualified, former professional antagonizer has been an economic disaster. The quantitative evidence, and it abundant, is overwhelming and ever-growing. ... In 2007, the average household income in America was $55,627. In 2014, that figure had slipped to $53,880 -- Americans earned less on average than they did seven...
  • Boise health care call center to lay off 1,500

    01/05/2015 6:48:35 PM PST · by 2ndDivisionVet · 6 replies
    BOISE, Idaho (AP) — A technology company says it will lay off more than 1,500 employees at a Boise call center where workers handle questions about the federal health care law. The Idaho Statesman reports (http://bit.ly/1F11uRI ) that Maximus Inc. has hired, laid off and rehired hundreds of employees at the call center since 2013....
  • 20 states just raised the minimum wage. It wasn’t enough.

    01/05/2015 6:13:35 PM PST · by 2ndDivisionVet · 21 replies
    The Washington Post ^ | January 5, 2015 | Danielle Paquette
    "The work that we do, it’s modern-day slavery," says one Florida worker who just got a 12-cent raise.On New Year’s Day, minimum wage increased in 20 states. More states will bump pay later this year. The first round of hikes will expand paychecks by as much as $1.25 an hour, fattening the wallets of about 3.1 million Americans, according to the Economic Policy Institute. (Peruse Wonkblog or work by our labor reporter Lydia DePillis for more details about how the pay bumps could impact your state.) Economically, the verdict is mixed on minimum wage: Supporters paint the raises as an...
  • Initial Jobless Claims Rise To 298,000

    12/31/2014 10:36:43 AM PST · by SeekAndFind · 9 replies
    Business Insider ^ | 12/31/2014 | MYLES UDLAND
    Initial jobless claims finished the year on a so-so note. Claims totaled 298,000 last week, up from last week's 280,000 and worse than expectations for 290,000. Last week's number was also revised up slightly to 281,000. Following the report, economists at BNP Paribas said the four-week moving average in claims remains at low levels — 290,750 — which is consistent with an improving labor market. Initial claims still had a huge year, with 2014's first claims report coming in at 333,000 and claims trending downwards for most of the year.
  • An 'Awesome Economy'? Not Even Close

    12/29/2014 7:27:45 AM PST · by SeekAndFind · 11 replies
    American Thinker ^ | 12/29/2014 | Joseph Gestetner
    "Everything is awesome", stated the headline of a recent Politico piece by Michael Grunwald which goes on to list many economic statistics showing how well things are going in the U.S. Indeed, some economic indicators are now better now than when compared to the height of the crisis, but those conditions were bound to change just as most of the water in New Orleans following Hurricane Katrina receded without anyone doing much to encourage it. All the same, current claims of doing “better” than during the depth of a major recession hide how bad things still are compared to before the crisis....
  • Less than half of U.S. kids today live in a ‘traditional’ family

    12/26/2014 5:32:15 PM PST · by Olog-hai · 24 replies
    Pew Research Fact Tank ^ | December 22, 2014 | Gretchen Livingston
    Less than half (46%) of U.S. kids younger than 18 years of age are living in a home with two married heterosexual parents in their first marriage. This is a marked change from 1960, when 73% of children fit this description, and 1980, when 61% did, according to a Pew Research Center analysis of recently-released American Community Survey (ACS) and Decennial Census data. Rapid changes in American family structure have altered the image of who’s gathering for the holidays. While the old “ideal” involved couples marrying young, then starting a family, and staying married till “death do they part”, the...
  • Everything Is Awesome! Well, not everything. But America’s looking much better than you think.

    12/25/2014 8:57:19 PM PST · by 2ndDivisionVet · 67 replies
    Politico Magazine ^ | December 24, 2014 | Michael Grunwald
    ood news! The U.S. economy grew at a rollicking 5 percent rate in the third quarter. Oh, and it added 320,000 jobs in November, the best of its unprecedented 57 straight months of private-sector employment growth. Just in time for Christmas, the Dow just hit an all-time high and the uninsured rate is approaching an all-time low. Consumer confidence is soaring, inflation is low, gas prices are plunging, and the budget deficit is shrinking. You no longer hear much about the Ebola crisis that dominated the headlines in the fall, much less the border crisis that dominated the headlines over...
  • U.S. jobless claims fall to seven-week low to seasonally adjusted 280,000

    12/24/2014 7:38:12 AM PST · by SeekAndFind · 7 replies
    Reuters ^ | 12/24/2014 | LUCIA MUTIKANI
    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy's sustained strength. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 280,000 for the week ended Dec. 20, the Labor Department said on Wednesday. It was the lowest reading since Nov. 1 and marked the fourth straight week of declines. "The labor market is tightening up. Any job losses are just normal frictional unemployment in a healthy growing economy," said Chris Rupkey, chief financial economist at MUFG Union Bank in New York.
  • New York Times Insider: Multi-Million Dollar Shortfall Causing Drastic Cuts

    12/23/2014 6:22:16 PM PST · by Beave Meister · 44 replies
    New York Observer ^ | 12/23/2014 | Ken Kurson
    Yesterday, New York Times readers were treated to a beautifully nuanced and balanced and richly detailed feature about a topic very much in the mix. Its author, Ariel Kaminer, came by her story and its scoop—the first interview with the accused (possibly falsely) rapist of the woman at Columbia who is carrying a mattress around campus to make a statement about campus sexual violence—by developing deep roots in a narrow beat, higher education. And now, Ms. Kaminer will join a hundred or so of her colleagues on the unemployment line as the Times once again cuts costs by cutting journalists....
  • Time to Bring Back the Truman Democrats

    12/21/2014 8:15:04 PM PST · by SeekAndFind · 49 replies
    Daily Beast ^ | 12/21/2014 | Joel Kotkin
    Democrats are pushing race and environmental issues when they should be embracing the lunch-bucket themes that once built party dominance. Meanwhile, voters flee. Once giants walked this earth, and some of them were Democrats. In sharp contrast to the thin gruel that passes for leadership today, the old party of the people, with all its flaws, shaped much of the modern world, and usually for the better. Think of Franklin Roosevelt or Harry Truman, John Kennedy, or California’s Pat Brown, politicians who believed in American greatness, economic growth, and upward mobility. For more than 40 years, the Democratic Party has...
  • Where Did the Jobs Go?

    12/19/2014 7:08:48 PM PST · by 2ndDivisionVet · 16 replies
    Powerline ^ | December 19, 2014 | John Hinderaker
    Somewhat remarkably, given that it has presided over the worst recovery–by far–of the post-war era, the Obama administration tries to slice and dice employment numbers to portray itself as a champion of job creation. There are, indeed, a few more jobs today than there were six years ago. Yet for most Americans, the employment scene has gotten worse, not better. Why is that? Senate Budget Committee staff offer data in explanation: According to BLS data, in November of 2007 there were 23.1 million foreign workers in the United States with jobs. Today, the BLS reports, there are 25.1 million foreign...
  • U.S. jobless claims point to firmer labor market: Down by 6,000 to seasonally adjusted 289,000

    12/18/2014 6:45:16 AM PST · by SeekAndFind · 10 replies
    Yahoo Finance ^ | 12/18/2014 | Lucia Mutikani
    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen. Initial claims for state unemployment benefits dropped by 6,000 to a seasonally adjusted 289,000 for the week ended Dec. 13, the Labor Department said on Thursday. The report came a day after the Federal Reserve offered an upbeat assessment of the labor market and the broader economy, and signaled it could start raising interest rates next year. The U.S. central bank, which has kept its short-term interest rate near zero since December 2008, lowered its unemployment rate forecast on...
  • U.S. Birthrate Declines for Sixth Consecutive Year; Economy Could Be Factor

    12/16/2014 8:42:14 PM PST · by MinorityRepublican · 28 replies
    The New York Times ^ | DEC. 4, 2014 | TAMAR LEWIN
    The number of women in the United States who gave birth dropped last year, according to federal statistics released Thursday, extending the decline for a sixth year. The National Center for Health Statistics reported Thursday that there were 3.93 million births in the United States in 2013, down slightly from 3.95 million in 2012, but 9 percent below the high in 2007. According to the report, the general fertility rate in the United States — the average number of babies women from 15 to 44 bear over their lifetime — dropped to a record low last year, to 1.86 babies,...
  • Food Stamp Beneficiaries Exceed 46,000,000 for 37 Straight Months

    12/16/2014 9:57:29 AM PST · by yoe · 19 replies
    CNSnews ^ | December 10, 2014 | Ali Meyer
    The number of beneficiaries who receive compensation from the Supplemental Nutrition Assistance Program (SNAP), otherwise known as food stamps, has topped 46,000,000 for 37 straight months, according to data released by the Department of Agriculture (USDA). In September 2014, which is the latest data from the USDA, there were 46,459,998 Americans who received assistance from the SNAP program. The number of beneficiaries has exceeded 46 million since September 2011, a total of 37 months, or more than three years. [snip]Households on food stamps in September got an average of $252.69 during the month, and the program benefits cost taxpayers $5,748,809,023....
  • Sen. Sessions: 'Super-Elites in Washington and Wall Street Dream of World Without Borders'

    12/15/2014 11:05:02 AM PST · by xzins · 30 replies
    CNS ^ | December 13, 2014 | CNSNews.com Staff
    - 10:13 AM In a speech delivered on the Senate floor Friday as the Senate was debating a 1,603-page government funding bill that will permit President Obama to spend tax dollars to implement his unilateral amnesty, Sen. Jeff Sessions (R.-Ala.) argued that trends in U.S. immigration and employment are depressing the job prospects and income of Americans. "This summer alone the White House met 20 times with business executives, amnesty lobbyists, immigration activists to craft their executive amnesty," Sessions said. "You know who wasn’t invited into that room? You, the American citizen. You don’t get a say. "These super-elites in...
  • The Vanishing Male Worker: How America Fell Behind

    12/11/2014 3:45:29 PM PST · by 2ndDivisionVet · 57 replies
    The New York Times ^ | December 11, 2014 | Binyamin Appelbaum
    ANNAPOLIS, Md. — Frank Walsh still pays dues to the International Brotherhood of Electrical Workers, but more than four years have passed since his name was called at the union hall where the few available jobs are distributed. Mr. Walsh, his wife and two children live on her part-time income and a small inheritance from his mother, which is running out. Sitting in the food court at a mall near his Maryland home, he sees some of the restaurants are hiring. He says he can’t wait much longer to find a job. But he’s not ready yet. “I’d work for...
  • Jobless claims tick down to 294,000

    12/11/2014 7:12:49 AM PST · by SeekAndFind · 12 replies
    Washington Examiner ^ | 12/11/2014 | Joseph Lawler
    First-time claims for unemployment benefits ticked down to 294,000 for the week ending Dec. 6, the Department of Labor reported Thursday, down from 297,000 the week before and right in line with expectations. The four-week moving average remained just below the 300,000 mark, at 299,250, signaling that layoffs remain low amid an expanding labor market. The Bureau of Labor Statistics reported Friday that the economy added a healthy 321,000 jobs in November. At 5.8 percent, the unemployment rate has plummeted by 1.2 percentage points over the past year. The total number of workers receiving unemployment insurance fell by 95,846 to...
  • 65 Percent of Children in Households on Federal Aid Programs

    12/10/2014 12:21:41 PM PST · by Kaslin · 32 replies
    Townhall.com ^ | December 10, 2014 | Terry Jeffrey
    The Census Bureau reported in a study released this week that 65 percent of American children lived in households taking aid from one or more federal program as of the fall of 2011. "Almost two-thirds (65 percent) of children," said the Census Bureau, "lived in households that participated in at least one or more of the following government aid programs: Temporary Assistance for Needy Families (TANF), the Supplemental Nutrition Assistance Program (SNAP), the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC), Medicaid, and the National School Lunch Program." How to be dependent on government is now one of...
  • 2.5 Million Children Are Homeless in US, New Data Reveals

    12/10/2014 8:37:26 AM PST · by SeekAndFind · 45 replies
    Christian Post ^ | 12/10/2014 | Stephanie samuel
    A historic number of America's youth – 2.5 million children – are homeless according to a report recently released by the National Center on Family Homelessness. These children, the report shows, are victims of a number of variables that contribute to homelessness including single motherhood, racial disparities and low household incomes. The report, based on data compiled from the U.S. Department of Education and the Census Bureau, reveals that many of the nation's homeless children are on the verge of losing their housing, don't have a fixed residence, are living in places not designated for human beings, or are living...
  • Transparency! There’s Far Less Than Meets the Eye in November’s Jobs Report

    12/10/2014 7:50:41 AM PST · by SeekAndFind · 4 replies
    Pajamas Media ^ | 12/10/2014 | Tom Blumer
    On Saturday [1] at the Associated Press, aka the Administration’s Press [2], reporter Christopher Rugaber described the economy’s pickup of 321,000 payroll jobs in November as “booming.”Not so fast, pal.Even if you accept that November’s seasonally adjusted result fairly reflects the underlying reality — and it doesn’t, which will be shown shortly — it will only be “booming” once we see such a figure repeated for at least five more months. On a workforce-adjusted basis, the analogous post-recession period during Ronald Reagan’s presidency in the 1980s had a streak of 19 out of 20 months with an equal or...
  • There Has Never Been A Greater Portion Of America Living On Food Stamps

    12/08/2014 9:25:39 AM PST · by SeekAndFind · 7 replies
    Zero Hedge ^ | 12/08/2014 | Tyler Durden
    Friday's jobs data proves it - America is back baby!!! Or is it all totally manipulated statistical shenanigans? A quick glimpse at the following charts two rather uncomfortably 'non-recovery-like' lines - of structural unemployment and the percent of the US population of Food Stamps - would suggest that for much of America, the recovery never happened... and in fact has got worse...  
  • Displaced IT workers are being silenced

    12/08/2014 6:45:38 AM PST · by Ghost of SVR4 · 40 replies
    ComputerWorld ^ | 12-04-2014 | Patrick Thibodeau
    A major problem with the H-1B debate is the absence of displaced IT workers in news media accounts. Much of the reporting is one-sided -- and there's a reason for this. An IT worker who is fired because he or she has been replaced by a foreign, visa-holding employee of an offshore outsourcing firm will sign a severance agreement. This severance agreement will likely include a non-disparagement clause that will make the fired worker extremely cautious about what they say on Facebook, let alone to the media. On-the-record interviews with displaced workers are difficult to get. While a restrictive severance...
  • Something Stinks Inside The BLS Jobs Data

    12/07/2014 3:42:58 PM PST · by SeekAndFind · 12 replies
    Alhambra Investment Partners via Zero Hedge ^ | 12/07/2014 | Jeffrey Snider, via Alhambra Investment Partners,
    Submitted by Jeffrey Snider, via Alhambra Investment Partners,The juxtaposition could not be more fitting with all that is transpiring at this moment in economic history. On Monday, the headlines were filled with, Black Friday Fizzles as Sales Tumble 11% and ‘Black Friday’ Fades as Weekend Retail Sinks 11%. Then the “employment” report comes out and now the headlines are, More Jobs and Higher Wages: U.S. Recovery Starts to Hit Home and Hiring Surge Gives U.S. Expansion a Lift Into 2015. The problem is one of mutual exclusivity as both narratives are totally inconsistent with each other even when factoring...
  • Full-Time Jobs Down 150K, Participation Rate Remains At 35 Year Lows, "No Job Market For Young Men"

    12/05/2014 8:44:55 AM PST · by GilGil · 21 replies
    Zerohedge ^ | 12-5-2014 | Tyler Durden
    Survey was nowhere close to confirming the Establishment Survey data, suggesting jobs rose only by 4K from 147,283K to 147,287K, and furthermore, the breakdown was skewed fully in favor of Part-Time jobs, which rose by 77K while Full-Time jobs declined by 150K.
  • US adds 321,000 jobs in November, the most in nearly 3 years

    12/05/2014 6:54:03 AM PST · by SeekAndFind · 24 replies
    Corpus Christi Caller ^ | 12/05/2014 | Christopher Rugaber
    WASHINGTON - A burst of U.S. hiring in November — the most in nearly three years — added 321,000 jobs and provided the latest evidence that the United States is outperforming other economies throughout the developed world. In addition, the government said Friday that 44,000 more jobs were added in September and October combined than it had previously estimated. Job gains have averaged 241,000 a month this year, putting 2014 on track to be the strongest year for hiring since 1999. The unemployment rate remained at a six-year low of 5.8 percent. November's robust job growth, reflecting a steadily rising...
  • Weekly jobless claims fall to 297,000 as firms reduced planned layoffs

    12/04/2014 7:30:39 AM PST · by SeekAndFind · 14 replies
    Los Angeles Times ^ | 12/04/2014 | By JIM PUZZANGHERA
    Initial jobless claims fell back below 300,000 last week as companies sharply reduced planned layoffs in November in a positive sign for the labor market ahead of the monthly jobs report. About 297,000 applied for first-time unemployment benefits, down 17,000 from the previous week's revised level, the Labor Department said Thursday. The figure, which was in line with analyst expectations, remained above the post-Great Recession low of 266,000 reached in October. The less-volatile four-week average was 299,000, up 4,750 from the previous week. Economists say weekly claims below 300,000 are a sign of a healthy job market. Claims had been...
  • Economy Doesn't Make Clinton a Favorite in 2016

    12/03/2014 5:41:36 PM PST · by 2ndDivisionVet · 11 replies
    RealClearPolitics ^ | December 3, 2014 | Sean Trende
    I’d intended to write about the Democratic and Republican primaries this week, but an article from the New Republic’s very smart Danny Vinik caught my eye. So, the primaries will have to wait. Referencing a piece by Ed Luce in the Financial Times, Vinik writes that Luce “overlooks a fundamental reason why [Hillary Clinton] is the early [2016] favorite: The economy is quickly improving under a Democratic president.” Vinik then cites political science research suggesting that the economy is the crucial factor in predicting elections. This is true. But there are other factors to consider as well; no model of...
  • ADP: US employers added 208,000 jobs in November 2014

    12/03/2014 12:05:35 PM PST · by SeekAndFind · 10 replies
    CSM ^ | 12/03/2014
    WASHINGTON — U.S. businesses hired at a solid pace last month, according to a private survey, a signal that Friday's November jobs report from the government will likely also show strength. Payroll processer ADP said Wednesday that companies added 208,000 jobs in November, the third straight month that hiring has topped 200,000. The figures suggest that businesses remain confident enough in the economy and their customer demand to add workers despite sluggish growth overseas. October gains were revised up slightly to 233,000 from an initially reported 230,000," Barclays Research economist Jesse Hurwutz wrote in an e-mailed analysis. "Goods-producing employers added...
  • NYC: 78% of Abortions Were Black and Hispanic Babies

    12/01/2014 2:09:46 PM PST · by Morgana · 17 replies
    CNS news ^ | December 1, 2014 | Michael W. Chapman
    (CNSNews.com) – In New York City, 77.56% of the abortions in 2011 were performed on Black and Hispanic babies, according to the latest data from the Centers for Disease Control and Prevention (CDC). The Abortion Surveillance report published by the CDC, for which the latest abortion numbers are for 2011, show there were 76,251 abortions in New York City that year. For that total, 9,550 abortions were of white babies, which is 12.5% of the total; 35,188 babies were black (46.1% of total); 23,959 were Hispanic (31.4%); and another 7,554 “other” abortions, 9.9%, which includes Asians and Native Americans, as...
  • Oregon Police Dog ‘Cash’ Fired for Poor Performance ... Fear of Heights and Unfitness for Duty Cited

    11/29/2014 6:37:37 PM PST · by DogByte6RER · 43 replies
    The Washington Times ^ | Friday, November 28, 2014 | Cheryl K. Chumley
    Oregon police dog ‘Cash’ fired for poor performance A Belgian Malinois trained to be the ninth member of a Cannon Beach, Oregon, police force has been given the boot, evidently unfit for the field of law enforcement. Two-year-old “Cash” was dismissed before he even got to see action, The Associated Press reported. Among his many faults: He was afraid of heights. He had barking difficulties. And he startled at the slightest of noises, AP reported. On top of that, he couldn’t perform one of his key roles — jumping into high spots, like counters, to sniff out drugs. Instead, he’d...
  • Will President Obama’s Immigration Policy Hurt America’s Unemployed?

    11/27/2014 10:49:20 AM PST · by Kaslin · 34 replies
    Townhall.com ^ | November 27, 2014 | Paul Dykewicz
    resident Barack Obama tried to put a positive spin on his decision to issue an executive order to give several million illegal aliens clemency but his move also may have an unintended consequence of creating heightened job competition for America’s unemployed. Despite President Obama’s historic role as the country’s first African head of state, his new policy actually may hurt unemployed African Americans as much as any segment of the U.S. population. The addition of nearly 5 million people into the mainstream workforce to seek employment will increase competition for jobs and put downward pressure on wages, at least in...
  • Nearly 1 in 5 Households Will Celebrate Thanksgiving on Food Stamps

    11/26/2014 11:37:49 PM PST · by 2ndDivisionVet · 27 replies
    CNS News ^ | November 26, 2014 | Staff
    Nearly one in five U.S. households will celebrate Thanksgiving on food stamps this year, according to the latest data from the U.S. Department of Agriculture on participation in the Supplemental Nutrition and Assistance Program. Back in fiscal 2000, there were 106,061,000 households in the United States and, according to a USDA report published in November 2012, there was a monthly average of 7,335,000 households—or 6.9 percent—getting food stamps that year. As of this August, according to the most recent data released by USDA, there were 22,729,389 households on food stamps. That equaled 19.75 percent of 115,048,000 households in the country...
  • U.S. Jobless Claims Rise To 313K

    11/26/2014 11:22:09 AM PST · by SeekAndFind · 14 replies
    Morningstar ^ | 11/26/2014
    WASHINGTON-The number of Americans seeking first-time jobless benefits leapt last week but remained at a level suggesting steady job growth. Initial jobless claims rose 21,000 to a seasonally adjusted 313,000 in the week ended Nov. 22, the Labor Department said Wednesday. Economists surveyed by The Wall Street Journal had expected 289,000 new claims. Updated figures put the prior week's level at 292,000, up from an initially reported 291,000. Last week's spike marked the first time since early September that new claims exceeded 300,000. Jobless claims are volatile, tending to fluctuate week to week. The four-week moving average of jobless claims,...
  • What Obama Plan Misses

    11/25/2014 7:47:08 AM PST · by Academiadotorg · 8 replies
    Accuracy in Academia ^ | November 24, 2014 | Malcolm A. Kline
    The Constitutional law professor in the White House missed a few key details in his pitch to halt the deportation of several million illegal aliens, according to another law professor. “I thought it was a pretty good speech, except for the facts,” Jay Ting, a law professor at Temple said last Friday in remarks at the Heritage Foundation. For one thing, “Qualified legal immigrants have waited 20 years” to become citizens, Ting observed. Ting served as an attorney in the U. S. Justice Department during the administration of George H. W. Bush. Moreover, “There are those on the other side...
  • How the Obama immigration policy will affect black unemployment

    11/21/2014 4:40:49 PM PST · by EveningStar · 9 replies
    Facebook ^ | November 20, 2014 | Calvin D. King
    I get a lot of flack from people regarding my lack of regard for El Presidente Obama. Some of it is good natured ribbing. Some of it is downright nasty. I actually hate that I couldn't be a part of the euphoria that was the First Blackish President. I have no allegiance to White America, Black America or any other hyphenated class or socioeconomic status. I am conservative minded but I am no Republican. I just know enough history, enough policy, and enough reality to not be pulled into the fold. So now we are faced with immigration. Those on...