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Keyword: unemployment

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  • Zimbabwe: Street Vending - the Only Option for Zimbabwe's Graduates

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

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

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

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

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

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

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

    08/18/2014 6:36:36 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | August 18, 2014 | Mike Shedlock
    The Deloitte University Press has a very interesting, and comprehensive study on job gains and losses, by type of job, and state by state. The biggest winners are states involved in energy production, finance, or healthcare. The biggest losers are states that did not recover from the real estate bust, or lost population due to emigration. With that overview, let's dive deeper into the Geography of Jobs. Only now, as we reach the fifth anniversary of the end of the recession, has employment in the United States finally regained its pre-recession peak. The national story of slow recovery obscures the...
  • U.S. Jobless Claims Rise, But Remain Near Eight-Year Lows: Unemployment claims up by 21,000 to 311K

    08/14/2014 6:02:33 AM PDT · by SeekAndFind · 19 replies
    Wall Street Journal ^ | 08/14/2014 | By JONATHAN HOUSE And BEN LEUBSDORF
    New applications for unemployment benefits rose last week but remained near eight-year lows. Initial claims for unemployment benefits increased by 21,000 to a seasonally adjusted 311,000 in the week ended Aug. 9, the Labor Department said Thursday. That was more than the 295,000 new claims forecast by economists surveyed by The Wall Street Journal and the highest level since June. Claims for the previous week were revised up slightly to 290,000. Applications for unemployment benefits, a proxy for layoffs, have been trending lower this year. The four-week moving average of claims, which smooths out weekly volatility, increased by 2,000 to...
  • Loss of mid-wage jobs hampers state's growth

    08/08/2014 9:11:14 AM PDT · by Pelham · 13 replies
    LA Times ^ | August 8, 2014 | Tiffany Hsu
    On the surface, California's job market is booming. The state has now recovered all the jobs lost during the recession, and done so at a faster pace than all but five states. The growth, though, belies a troubling imbalance. The fastest job creation has come in low-wage sectors, in which pay has declined. At the high end of the salary scale, a different dynamic has taken hold: rising pay and improving employment after rounds of consolidation. Most distressing, middle-wage workers are losing out on both counts. "People talk about it like an hourglass," said Tracey Grose, vice president of the...
  • Fresh data shows U.S. jobs market tightening: 4.67 Million Job openings in June

    08/12/2014 12:31:34 PM PDT · by SeekAndFind · 7 replies
    Reuters ^ | 08/12/2014 | LUCIA MUTIKANI
    The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth. The Labor Department's monthly Job Openings and Labor Turnover Survey released on Tuesday gave an upbeat assessment of the job market that could sharpen the debate on the timing of the first interest rate increase from the Federal Reserve. The number of unemployed job seekers per open job fell to 2.02 in June, the lowest level since April 2008. The ratio was at 2.14 in May and is now below the...
  • Here's Why Wages Might Rise Despite Millions Of Unemployed Being Available For Work

    08/11/2014 7:43:00 AM PDT · by SeekAndFind · 11 replies
    Of Two Minds ^ | 08/11/2014 | CHARLES HUGH SMITH
    Tragically, the inability of our institutions to impart the skills required by the emerging economy hobble not just the unemployed but employers. A reader recently offered a compelling reason why total compensation costs (wages plus benefits/payroll taxes) could rise even in a stagnant economy with millions available for work: many of those who have been out of work for a long time (or have yet to hold a formal job) are unqualified by experience and professionalism to perform the work that is available. This is a complex topic, so let's separate the key issues. 1. Inability to perform the available work successfully on...
  • Many Americans are still struggling financially

    08/11/2014 6:44:48 AM PDT · by george76 · 13 replies
    Los Angeles Times ^ | August 7, 2014 | Don Lee
    Four in 10 U.S. households are straining financially five years after the Great Recession — many struggling with tight credit, soaring education debt and profound issues related to savings and retirement, according to a new Federal Reserve survey. The wide-ranging Fed study assessing the economic well-being of Americans shows that the economy has made progress to the point where most households said they were "living comfortably" or doing OK financially. But almost 40% reported last fall that their families were "just getting by" or struggling to do so, and more people said their financial situation was worse rather than better...
  • Millennials' Jobs Getting Outsourced to Their Grandparents

    08/08/2014 7:47:10 AM PDT · by SeekAndFind · 18 replies
    American Thinker ^ | 08/08/2014 | Chriss Street
    The Los Angeles Times ran a story titled “Freelance Workers a Growing Segment of California Economy” lamenting that millennials working part-time costs California $17 billion a year in tax revenue. Apart from the Times' bizarre comment that young people are somehow shirking their responsibility to pay more taxes by working odd jobs to survive, the real issue is that higher tax rates, labor rules and anti-business regulations, and Obamacare mandates have made hiring millennials for full-time work much more expensive. Businesses are increasingly adapting to higher government costs burdens by hiring the over 65-year-old seniors who are exempt from ObamaCare.The...
  • States Where It’s Hardest to Find Full-Time Work

    08/07/2014 10:29:23 AM PDT · by SeekAndFind · 24 replies
    Wall Street 24X7 ^ | 08/07/2014 | By Alexander Kent, Robert Serenbetz and Thomas C. Frohlich
    While the labor market has improved significantly since the depths of the recession in 2009, high underemployment may be an indication that the economy is still struggling. As of the first quarter of 2014, 13.4% of the nationÂ’s labor force was considered underemployed, meaning they were unemployed, were working only part-time despite wanting full-time jobs or would like a job but had given up on actively looking. The underemployment rate has dropped from its peak of 16.7% in 2010, which indicates that the labor market has improved. However, underemployment is still well above its pre-recession levels. Based on underemployment data...
  • U.S. initial jobless claims fall by 14,000 to 289,000 last week

    08/07/2014 6:33:35 AM PDT · by SeekAndFind · 34 replies
    Investing ^ | 08/07/2014
    The number of people who filed for unemployment assistance in the U.S. last week fell more than expected, fuelling optimism over the strength of the labor market, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending August 2 decreased by 14,000 to a seasonally adjusted 289,000 from the previous week’s total of 303,000. Analysts had expected jobless claims to rise by 2,000 to 305,000 last week. Continuing jobless claims in the week ended July 26 fell to 2.518 million from 2.542 million...
  • Old Workers Hit New Record High As Jobs For Key 25-54 Age Group Slide By 142K

    08/05/2014 2:26:07 PM PDT · by SeekAndFind · 29 replies
    Zero Hedge ^ | 08/04/2014 | Tyler Durden
    Another month, another case where the primary age group of the US work force, those aged 25-54, gets shafted. According to the BLS' household survey, while overall July jobs rose, if modestly less than the 209K revealed by the establishment survey, there was no joy for those aged 25-54: historically the most important and highest earning age group (in case anyone is wondering where all that missing average hourly earnings growth is) within the US labor force. As the chart below shows, while all other age groups posted a jobs uptick, it was those 25-54 that saw a 142K...
  • 11,472,000 Americans Have Left Workforce Since Obama Took Office

    08/01/2014 6:39:27 AM PDT · by Hojczyk · 32 replies
    CNS News.com ^ | August 1,2014 | Ali Meyer
    11.4 million Americans age 16 and over have left the workforce since President Obama took office in January 2009, according to data released today from the Bureau of Labor Statistics (BLS). In July 2014, there were 92,001,000 Americans, 16 and over, who were classified as “not in the labor force,” meaning they not only did not have a job, but they didn’t actively seek one in the last four weeks. This number has increased by 11,472,000 since January 2009, when the number of Americans not in the labor force was 80,529,000. The number of Americans not in the labor force...
  • Is Long-Term Unemployment Finally Returning to Normal?

    08/04/2014 6:45:24 AM PDT · by SeekAndFind · 24 replies
    RCM ^ | 08/04/2014 | Jeffrey Dorfman
    For all the fuss made and dollars spent it is not clear that the 2007-2009 recession was worse than the 1980-1982 downturn when Fed Chairman Paul Volker defeated inflation. For example, unemployment peaked at 10.8 percent then, higher than the 10 percent maximum in the most recent recession. However, this most recent recession and the weak recovery that has followed has been the undisputed champion for long-term unemployment. The U.S. government defines long-term unemployment as a period of unemployment that lasts 27 weeks or longer, roughly six months or more. While overall unemployment was relatively normal for a severe recession,...
  • It's The Economy, Stupid: No, The Real One!

    08/03/2014 8:24:36 PM PDT · by xuberalles · 8 replies
    Self | 8/3/14 | Me
    Inflation, inflation, inflation! Obama and his merry band of propagandists can keep trying to smear lipstick on this historically, pathetic economy but the endless, reckless pumping by the Fed has resulted in a worthless dollar and mass inflation across the board. $6 for a pound of ground beef? A gallon of milk for $3.50! $4 gas for almost four years now? Oh yes, all is most definitely well! If the truth be known, the cost of owning and operating a business has nearly doubled since 2008. Energy costs are passed on to consumers, as is the fallout from a glut...
  • Welcome to the WORST Employment Recovery Since President Jimmy Carter (Low Wage "Recovery")

    08/03/2014 10:12:12 AM PDT · by MRourke85 · 18 replies
    Confounded Interest ^ | 08/03/2014 | Anthony B. Sanders
    Unemployment in the United States is finally below the WORST unemployment rate during the George W Bush Administration. That is like saying you are the smartest person at a Village Idiot convention. Not only has unemployment been slow to recover, but real median household income has fallen to 1995/1996 levels. unenrmincsentnon According to Sentier Research, real median household income is recovering, but VERY slowly. sentierrres Then we have average hourly wage earnings growth Year-over-year (YoY) that is nearly 50% lower than before the recession in 2007. u3averegehr And labor share (as opposed to capital share) is near the all-time low...
  • The Complete Employment Perspective in Pictures

    08/02/2014 8:18:17 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | August 2, 2014 | Mike Shedlock
    Here's a series of charts from reader Tim Wallace on various aspects of employment, labor force, and population. The charts use seasonally unadjusted data, July of 2014 compared to July in prior years. click on any chart for sharper image Age 16 and Over Age 16 and Over Full-Time Employment Percentage Age 25-54 Age 25-54 Full-Time Employment Percentage Age 55 and Over Age 55 and Over Full-Time Employment Percentage Mish Notes Because of the aging workforce, the first chart in each series has a slight negative bias. For example: Note a relatively small decline in population in age group 25-54...
  • Obama Conjugates the Economy: Broke, Broker, Broken

    08/02/2014 5:39:52 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | August 2, 2014 | John Ransom
    While the media basks in the artificial light of a 4 percent GDP print for the second quarter, jobs continue to disappoint—and so does GDP. You wouldn’t know it, however,r by the way the media covers the economy. “The high-flying labor market showed no let-up in July,” writes USAToday, “as employers added 209,000 jobs.” Of course economists expected a bigger gain of 238,000 jobs, but you know: Who’s counting? Numbers and math are so overrated. We have gotten to the point that a missed estimate of 30,000 jobs is no big deal, while an uptick in unemployment is good...
  • Why A Higher Unemployment Rate Is Actually Good News This Time

    08/01/2014 8:36:16 AM PDT · by nhwingut · 27 replies
    Huffington Post ^ | 08/01/14 | Mark Gongloff
    The job market is still not the greatest, but we just got one hopeful sign that it might be improving a bit. The economy added 209,000 jobs in July, and the unemployment rate ticked up to 6.2 percent from 6.1 percent, the Bureau of Labor Statistics said Friday. Believe it or not, both of those numbers are encouraging. The reason the first number is encouraging is because, duh, jobs. The encouraging part of the second number, the unemployment rate, is less obvious. Normally, higher unemployment is bad news, and people seeing HIGHER UNEMPLOYMENT on the evening news tonight will naturally...
  • U.S. job growth cools, unemployment rate rises to 6.2 percent

    08/01/2014 5:51:09 AM PDT · by SeekAndFind · 51 replies
    Reuters ^ | 08/01/2014 | LUCIA MUTIKANI
    U.S. job growth slowed more than expected in July and an unexpected rise in the unemployment rate pointed to some slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while. Nonfarm payrolls increased 209,000 last month after surging by 298,000 in June, the Labor Department said on Friday. Data for May and June were revised to show a total of 15,000 more jobs created than previously reported, showing underlying momentum.
  • U.S. initial jobless claims rise by 23,000 to 302,000 last week

    07/31/2014 7:02:35 AM PDT · by SeekAndFind · 15 replies
    Investing ^ | 07/31/2014
    The number of people who filed for unemployment assistance in the U.S. last week rose more than expected, dampening optimism over the strength of the labor market, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending July 26 increased by 23,000 to a seasonally adjusted 302,000 from the previous week’s total of 279,000, which was the lowest since May 2000. Analysts had expected jobless claims to rise by 22,000 to 301,000 last week.
  • Tech layoffs could hit highest level since 2009

    07/29/2014 10:31:44 AM PDT · by SeekAndFind · 15 replies
    The Hill ^ | 07/29/2014 | Vicki Needham
    Layoffs in the technology sector could reach their highest level in five years, according to a group that tracks employments trends. So far this year, tech employers have announced plans to cut payrolls by 48,402, a 68 percent increase over the 28,883 layoffs announced during the same period in 2013, according to a special report released Monday by Challenger, Gray & Christmas. At the current rate, the 2014 year-end total could be the highest since 2009, when tech-sector job cuts hit 174,629. The highest total on record was 695,581 job cuts in 2001, when the tech bubble in the stock...
  • Merck Announces Another Round Of Layoffs [Another 600 positions in Montgomery County, PA]

    07/29/2014 10:25:00 AM PDT · by SeekAndFind · 15 replies
    CBS Local ^ | 07/29/2014 | Brad Segall
    NORRISTOWN, Pa. (CBS) — A major pharmaceutical company is planning another round of layoffs that again will hit Montgomery County hard. On the heels of more than 650 job cuts at its West Point manufacturing and research plant in late 2013 and earlier this year, Merck plans to let go another 600 employees by the end of August. The company has already filed notices with the Pennsylvania Department of Labor which says the jobs are being cut in North Wales and Lansdale. County Commissioner Josh Shapiro is disappointed with the news, but says they’re working to help those affected.
  • Real Unemployment Rate Is at Least 18 Percent

    07/29/2014 7:32:40 AM PDT · by khelus · 17 replies
    Breitbart ^ | 29 Jul 2014 | Peter Morici
    Friday, the Labor Department is expected to report the economy added 235,000 jobs in July, and the unemployment rate remained steady at 6.1 percent, but that hardly tells the story. The jobless rate may be down from its recession peak of 10 percent, but much of this results from adults, discouraged by the lack of decent job openings, having quit altogether. They are neither employed nor looking for work. Only about half of the drop in the adult participation rate may be attributed to the Baby Boom generation reaching retirement age. Lacking adequate resources to retire, a larger percentage of...
  • US jobless claims tumble to lowest level in nearly a decade (284,000)

    07/24/2014 6:47:03 AM PDT · by SeekAndFind · 86 replies
    CNBC ^ | 07/24/2014
    The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction. Initial claims for state unemployment benefits declined 19,000 to a seasonally adjusted 284,000 for the week ended July 19, the Labor Department said on Thursday. That was the lowest level since February 2006, and confounded economists' expectations for a rise to 308,000. The prior week's claims were revised to show 1,000 more applications received than previously reported.
  • Kgb USA eliminating hundreds of jobs in San Antonio (225 jobs)

    07/18/2014 7:44:05 PM PDT · by 2ndDivisionVet · 26 replies
    The San Antonio Business Journal ^ | July 14, 2014 | W. Scott Bailey
    Kgb USA Inc. has informed the Texas Workforce Commission that it plans to carry out a “mass layoff” in San Antonio. The call center company, which does business as Conduit Global, expects to eliminate 225 positions by Aug. 31. Conduit Global officials say the layoffs are a result of an unexpected cancellation of services by one of the company’s clients. Conduit Global notes in a Worker Adjustment and Retraining Notification Act (WARN) letter filed with the Texas Workforce Commission that it is hopeful the layoffs can be minimized by the “potential award of a large customer care contract.” If a...
  • More Than 1,400 Workers In Pike County, Ohio, To Receive Possible Layoff Notices (Fluor B&W)

    07/18/2014 7:25:16 PM PDT · by 2ndDivisionVet · 4 replies
    WCHS-TV ^ | July 18, 2014 | Sean Delancey and Jeff Morris
    Piketon , Ohio - Roughly 1400 people woke up to bad news Thursday morning. It's called a warn notice, and it means their livelihood is on the line. "These are the higher paying jobs in the area," Herman Potter said. But those jobs are now in jeopardy. Herman Potter is president of the Steel Workers Union in Piketon, Ohio. His employer, Fluor B&W issued a warn notice, stating layoffs are possible. Fluor B&W was hired by the Department of Energy to clean the former Portsmouth gaseous diffusion plant and re-industrialize the property three years ago. The way things stand now,...
  • Will Legalizing Illegals Help Unemployed? Rep. DeLauro: That's a 'Gotcha Question'

    07/17/2014 3:20:23 PM PDT · by Zakeet · 10 replies
    CNS News ^ | July 17, 2014 | Lauretta Brown
    When asked by CNSNews.com on Wednesday whether legalizing illegal aliens would help the unemployed in the United States, Rep. Rosa DeLauro (D.-Conn.) countered that that was a “a gotcha question” and declined to answer it. DeLauro was speaking outside the U.S. Capitol at a rally for the unemployed.
  • "Seasonal Adjustment" Swings Initial Jobless Claims From 6-Month Highs To Cycle Lows

    07/17/2014 3:15:10 PM PDT · by Perdogg · 3 replies
    Once again we were spot on. Because as the DOL just reported, yet again the fate of the US economy is left to seasonal adjustments. Non-seasonally-adjusted initial jobless claims surged over 47,000 this week to its worst in 6-months. But by the magic of PhD adjustment, this translated into 3,000 seasonally-adjusted drop from last week, beating expectations and printing near 'recovery' cycle lows. We can only imagine the adjustments needed to cope with Microsoft's layoffs. 2014 has seen the smallest percentage drop in initial claims since the crisis began.
  • UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

    07/17/2014 7:27:51 AM PDT · by Red Badger · 1 replies
    www.dol.gov ^ | 07-17-2014 | Bureaucrats
    In the week ending July 12, the advance figure for seasonally adjusted initial claims was 302,000, a decrease of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 304,000 to 305,000. The 4-week moving average was 309,000, a decrease of 3,000 from the previous week's revised average. This is the lowest level for this average since June 2, 2007 when it was 307,500. The previous week's average was revised up by 500 from 311,500 to 312,000. There were no special factors impacting this week's initial claims.
  • US jobless queue shortens, but housing starts plunge sharply in June

    07/17/2014 6:52:23 AM PDT · by SeekAndFind · 31 replies
    CNBC ^ | 07/17/2014
    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market recovery was gaining traction. However, a separate report showed U.S. housing starts and building permits unexpectedly fell in June, suggesting the housing market recovery was struggling to get back on track after stalling in late 2013. Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 302,000 for the week ended July 12, the Labor Department said on Thursday. The prior week's claims were revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast...
  • 2008 Meltdown Revisited-There’s No Solution-Egon von Greyerz

    07/16/2014 12:02:12 PM PDT · by GilGil · 19 replies
    Usawatchdog.com ^ | 07/16/2014 | Greg Hunter
    We are now in a situation where every major economy in the world is in a total mess.” Greyerz goes on to explain, “Japan’s economy is going to disappear into the Pacific. China is having its problems. Europe has problems. The EU will never work and was not supposed to work. The euro is an artificial currency and, in the long run, will not survive. The U.S. stock market is at an all-time high, but that has nothing to do with the real economy which is an absolute mess. So, the world has never been in a situation where all...
  • Pinocchio in The White House Press Room

    07/16/2014 11:18:35 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | July 16,2014 | Donald Lambro
    WASHINGTON - If anyone needs further evidence the White House is out of touch with reality, it came in an official statement this week that President Obama has made the world a more tranquil place. This was the White House's exaggerated response to a well-documented, front page Wall Street Journal story that concluded "the breadth of global instability now unfolding hasn't been seen since the late 1970s." The article also charged that under this administration, "U.S. global power seems increasingly tenuous." This should be obvious to anyone who's been following foreign events -- make that crises -- since Barack Obama,...
  • Business majors' job prospects are looking bright

    07/16/2014 7:09:58 AM PDT · by SeekAndFind · 9 replies
    Fortune ^ | 07/16/2014 | by Alison Damast
    For business graduates, job placement appears to be on par with last year, if not slightly better, and salaries are holding firm. At a recent open house for parents of incoming freshmen business students at Bentley University, Career Services Director Len Morrison had an encouraging message to share. Recent graduates have been landing jobs with ease, and companies have been flocking to campus, many making multiple hires, Morrison said. “I told them that I don’t think there is a better time to be graduating as a business student,” he said. “The economy is back and looks like it is moving...
  • 10 Popular Jobs That Are Quickly Disappearing

    07/15/2014 7:40:37 AM PDT · by SeekAndFind · 46 replies
    Business Insider ^ | 07/15/2014 | Emmie Martin
    As the digital sector grows, jobs that rely on older technologies, such as newspaper reporters, mail carriers, and lumberjacks, are rapidly becoming obsolete. A new study by CareerCast revealed the top 10 professions predicted to lose the most jobs by 2022, based on data from the Bureau of Labor Statistics. Mail carriers are most endangered, with a projected 28% decline by the year 2022. Farmers and meter readers will also see significant shrinkage, with an anticipated 19% decline for each within the next eight years. Is your job headed for the trash pile? 1. Mail Carrier BLS job description: Sort...
  • U.S. Economy-Plunge, Stagnation & Turning Down Anew-John Williams

    07/14/2014 10:21:03 AM PDT · by GilGil · 19 replies
    USAWatchdog.com ^ | 7/1/2014 | John Williams
    Back in 2013, Williams predicted that it would be “game over” in 2014. What are the statistics showing him now? Williams says, “They are showing the economy continues to weaken, and it never recovered. A second quarter contraction here would most assuredly be recognized as a new recession, and I contend we never got out of the old recession. We had plunge, stagnation and, now, we are turning down anew.”
  • City of Ruins: Camden, New Jersey, stands as a warning....

    07/10/2014 1:12:33 AM PDT · by WhiskeyX · 69 replies
    Camden, New Jersey, with a population of 70,390, is per capita the poorest city in the nation. It is also the most dangerous. The city's real unemployment—hard to estimate, since many residents have been severed from the formal economy for generations—is probably 30–40 percent. The median household income is $24,600. There is a 70 percent high school dropout rate, with only 13 percent of students managing to pass the state's proficiency exams in math. The city is planning $28 million in draconian budget cuts, with officials talking about cutting 25 percent from every department, including layoffs of nearly half the...
  • What "Rosy" Job Numbers? Wal-Mart CEO Slams Recovery Mirage

    07/09/2014 7:43:18 AM PDT · by SeekAndFind · 19 replies
    Zero Hedge ^ | 07/08/2014 | Tyler Durden
    When the CEO of the world's biggest company doubts the veracity of US economic data, you know you have a problem. After quarters of disappointing growth in the face of miraculous equity market performance; Wal-Mart CEO Bill Simon warns that shoppers aren’t returning at the pace one might expect years after the recession peaked, despite mainstream media interpretation of the data showing unequivocal growth. Simply put, he exclaims, "the unemployment numbers particularly have been difficult to read with the number of people dropping out of the work force," adding that if we see a further drop in the participation...
  • Part-Time Nation: A deceptive jobs report obscures the dark truth about the Obama economy.

    07/08/2014 9:32:17 AM PDT · by SeekAndFind · 13 replies
    FrontPage Mag ^ | 07/08/2014 | Arnold Ahlert
    Last Thursday, an Obama-centric mainstream media trumpeted the creation of 288,000 jobs and the reduction in the unemployment rate from 6.3 percent to 6.1 percent. Lost in the manufactured euphoria are the sobering details: America is well on its way to becoming a nation where millions of workers can only find part-time, lower-paying jobs. On the surface, the numbers are impressive. The Bureau of Labor Statistics (BLS) reported the aforementioned 288,000 jobs gain, while the household survey reported a gain of 407,000. Yet those numbers pale in comparison to the rise in the number of voluntary and involuntary part-time jobs,...
  • Unemployment Numbers Warn of Growing Entitlement Burden

    07/08/2014 7:02:55 AM PDT · by SeekAndFind
    RCM ^ | 07/08/2014 | Jeffrey Dorfman
    Why do we tax corporations? No, seriously — why? If you’re like most people and all New Democrats, your response will be “because that’s where the money is,” or some variant thereon. Corporations have lots of money, the thinking runs, and are unlikely to mind if the government helps itself to some of it. And since they don’t vote, it doesn’t much matter if they do mind. An economist, on the other hand, would point out that, one way or another, all of the income earned by a corporation finds its way back to the people who financed it, whether...
  • EXography: Employment keeps sagging in the Obama recovery

    07/08/2014 4:13:43 AM PDT · by gusopol3 · 8 replies
    Washington Examiner ^ | July 8, 2014 | David Freddoso
    When President Obama took office in 2009, the U.S. economy was in the midst of the Great Recession of 2008. Five and a half years later, that historic swoon remains his excuse for continued economic stagnation. Whoever or whatever is to blame, neither his efforts nor luck nor a natural rebound have managed to restore America's job market to what it was in better times. The July 3 jobs report was a reminder that the economy is at least creating jobs again, albeit at a rate that barely keeps up with population growth. And national and state unemployment rates have...
  • The Unemployment Rate Should Lose Its Job

    07/07/2014 8:15:41 AM PDT · by SeekAndFind · 3 replies
    RCM ^ | 07/07/2014 | By Brian Brenberg & Jared Pincin
    One thing we know about Mayor de Blasio is that he’s serious about creating affordable, quality housing for all New Yorkers. “This is literally the largest and most ambitious affordable-housing program initiated by any city in this country in the history of the United States of America,” de Blasio declared when he announced his “five-borough, 10-year plan” in May. “It is the largest, fastest affordable-housing plan ever attempted at a local level,” he added, vowing to “change the face of this city forever.” Hear that kids? Your rent worries will soon ease. Great news! I wonder if the new promise...
  • Further Look at Employment: Seasonally Adujsted Decline of 523,000 Over Last Month

    07/06/2014 9:34:21 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | July 6, 2014 | Mike Shedlock
    Initial Reaction On the surface, this appeared to be a very strong jobs report from both the household survey and establishment survey perspective. The establishment survey reported a gain of 288,000 jobs while the household survey sported a gain in employment of 407,000. In addition, May was revised up from +217,000 to + 224,000, and April revised up from +282,000 to +304,000. Digging deeper into the details, strength was entirely part-time (and then some). Voluntary part-time employment rose by a whopping 840,000 and involuntary part-time employment rose by 275,000. Compared to a total gain of employment of 407,000, the gain...
  • The Insiders: This month’s jobs headlines don’t tell the true story

    07/04/2014 6:03:26 PM PDT · by xzins · 9 replies
    Washington Post ^ | July 3 | Ed Rogers
    The headline of today’s jobs report, that 288,000 jobs were created in the last month, is positive. At least, it is better than a poke in the eye with a sharp stick. However, as with most economic reports these days, there is a veneer of good news — but when you look closer, the White House is using the positive headlines to hide the growing deterioration of the American workforce. Last month, 523,000 full-time jobs were lost, while 799,000 part-time jobs were added. Another way of looking at these numbers is that almost all of the 288,000 jobs created last...
  • On Every Big Issue, Obama's Presidency is Found Wanting

    07/04/2014 9:39:52 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | July 4, 2014 | Donald Lambro
    WASHINGTON - Republicans have a wealth of political issues that will dominate the 2014 midterm election races and determine their outcome. The national news media has done its best to try to bury these issues, play them down or sugar coat them, but the American people know better. They have persistently put these issues at or near the top of every voter poll in the last six years of Barack Obama's scandal-ridden, trouble-plagued administration. It's hard to break through and overcome the power of the Washington news media that has worked hard to cover up the Obama White House's blunders....