Keyword: unemployment

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  • Nearly half of U.S. workers consider themselves underemployed, report says

    06/29/2016 3:44:14 AM PDT · by george76 · 16 replies
    Chicago Tribune ^ | June 28, 2016 | Alexia Elejalde-Ruiz
    <p>Nearly half of U.S. workers consider themselves underemployed, according to a survey of more than 960,000 people by PayScale, an online provider of salary information.</p> <p>Three-quarters of those who label themselves as such say they're not working in a job that uses their education and training. One quarter say they are working part time but want full-time work.</p>
  • The Missing Men

    06/27/2016 7:03:21 PM PDT · by 2ndDivisionVet · 23 replies
    The Atlantic ^ | June 27, 2016 | Derek Thompson
    Millions of men in the prime of their lives are missing from the labor force. Could a big U.S. housing construction project bring them back? Something is rotten in the U.S. economy. Poor men without a college degree are disappearing from the labor force. The share of prime-age men (ages 25-54) who are neither working nor looking for work has doubled since the 1970s. The U.S.’s labor participation rate for this group of men is lower than every country in the OECD except for Israel (an outlier, because of the high number of non-working Orthodox Jewish men) and Italy (an...
  • Fewer low-income men are working

    06/19/2016 5:46:40 PM PDT · by 2ndDivisionVet · 46 replies
    CNN Money ^ | June 15, 2016 | Tami Luhby
    Men have been disappearing from the workforce for decades. But a closer look at the data reveals that lower-income men account for much of the change -- and that reflects a big problem with the economy. Only 69% of these men, ages 25 to 54, are employed, according to new research from the Brookings Institution. That figure was 80% in 1980. Among middle class and upper-income men, 92% are working, down only slightly from 94% in 1980....
  • Agency Directed by Obama to Perform Muslim Outreach Commissions Jobs Propaganda Posters for Mars

    06/19/2016 4:05:08 PM PDT · by DogByte6RER · 6 replies
    Mars.NASA.gov ^ | Mars.NASA.gov
    BE A MARTIAN! Mars needs YOU! In the future, Mars will need all kinds of explorers, farmers, surveyors, teachers . . . but most of all YOU! Join us on the Journey to Mars as we explore with robots and send humans there one day.
  • How Obama Has Made It Harder for Companies to Hire

    06/13/2016 4:38:51 AM PDT · by milton23 · 15 replies
    The Daily Signal ^ | 6/10/2016 | Patrick Tyrrell
    Government data released on Wednesday shows the number of private-sector job openings was at an all-time high in April. Companies, however, hired the fewest number of people on a seasonally adjusted basis in nine months. Why the disparity? The JOLTS (Job Openings and Labor Turnover Survey) data the government released show there were 5,289,000 private-sector job openings in April—114,000 more than in March. The government report also shows that private-sector hires declined by 169,000 compared to March. With private companies advertising so many job openings, why are they not filling them?
  • US unemployed have quit looking for jobs at a 'frightening' level: Survey

    06/08/2016 1:11:17 PM PDT · by 2ndDivisionVet · 24 replies
    CNBC ^ | June 8, 2016 | Jeff Cox
    Nearly half of unemployed Americans have quit looking for work, and the numbers are even worse for the long-term jobless, according to a poll released Wednesday that paints a grim picture of the labor market. Some 59 percent of those who have been out of work for two years or more say they have stopped looking, the Harris Poll of unemployed Americans showed. Overall, 43 percent of the jobless said they have given up, according to the poll released in conjunction with Express Employment Professionals, a job placement service. "This is a tale of two economies," Express CEO Bob Funk...
  • The lousy Obama economy is killing Hillary Clinton's hopes

    06/07/2016 6:54:33 AM PDT · by 2ndDivisionVet · 18 replies
    The New York Post ^ | June 5, 2016 | Charles Gasparino
    The case for an Obama third term, a.k.a. a Hillary Clinton presidency, just suffered a major blow. Indeed, Friday’s jobs report (or lack-of-jobs report) is just the thing Clinton feared most when she launched her presidential bid: namely, that Obamanomics, which boils down to the bizarre notion that higher taxes, more regulation and class warfare actually work, would begin to fully implode while she was forced into defending it on the campaign trail — or risk losing the president’s endorsement. The sickeningly weak job creation during the month of May (just 38,000 jobs when economists expected closer to 150,000) doesn’t...
  • Administration "Not Disappointed" with Job Numbers [semi-satire]

    06/06/2016 10:47:10 AM PDT · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 5 June 2016 | John Semmens
    Though the Bureau of Labor Statistics report for May showed an anemic 38,000 new jobs were created during the month and a record 94,708,000 Americans were not in the labor force, Obama Administration Press Secretary Josh Earnest insisted that "we are not disappointed with these numbers." "Those who can't grasp the President's goals for the transformation of this country harp on the point that 38,000 new jobs are far too few to accommodate this country's monthly 200,000 population increase," Earnest complained. "Likewise, they see the expansion of the contingent not in the workforce as a negative. They've got it exactly...
  • White people now finally excluded from the South African job market.

    06/06/2016 4:17:01 AM PDT · by SAT2014 · 58 replies
    South Africa Today ^ | South Africa Today
    The Broad-based Black Economic Empowerment (B-BBEE) Amendment Bill eliminates all white people including the disabled. “The definition of black people is now clear and aligned with the Constitution,” Tlhoaele said.... Read more on South Africa Today
  • Obama: Manufacturing Jobs Outsourced To Mexico Aren’t Coming Back

    06/05/2016 2:34:44 PM PDT · by 2ndDivisionVet · 49 replies
    Breitbart ^ | June 2, 2016 | Charlie Spiering
    President Barack Obama is giving up on some of the American manufacturing jobs that went to Mexico, telling an Indiana resident that many of those jobs are not coming back. During a town hall in Elkhart, Indiana, Obama was asked a question about manufacturing by a man who was once employed by Carrier Corporation in Indiana before the plant announced plans to move to Mexico. “What we have to do is to make sure that folks are trained for the jobs that are coming in now because some of those jobs of the past are just not going to come...
  • Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May

    06/03/2016 6:44:58 AM PDT · by xzins · 28 replies
    CNS ^ | June 3, 2016 | Susan Jones
    A record 94,708,000 Americans were not in the labor force in May -- 664,000 more than in April -- and the labor force participation rate dropped two-tenths of a point to 62.6 percent, near its 38-year low, the Labor Department's Bureau of Labor Statistics reported on Friday. When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce -- some of them retiring and some just quitting because they can't find work. "By almost every economic measure, America is better off than when I came here...
  • Payrolls Huge Miss: Only 38,000 Jobs Added In May; Worst Since September 2010 (gold price soaring)

    06/03/2016 5:43:42 AM PDT · by Zakeet · 86 replies
    Zero Hedge ^ | June 3, 2016
    If anyone was "worried" about the Verizon strike taking away 35,000 jobs from the pro forma whisper number of 200,000 with consensus expecting 160,000 jobs, or worried about a rate hike by the Fed any time soon, you can sweep all worries away: moments ago the BLS reported that in May a paltry 38,000 jobs were added, a plunge from last month's downward revised 123K (was 160K). The number was the lowest since September 2010! There is no way to spin this number as anything but atrocious.
  • 20.1%: Calif. Metro Area Has Nation's Highest Unemployment Rate (El Centro)

    06/02/2016 8:31:16 PM PDT · by Olog-hai · 10 replies
    Cybercast News Service ^ | June 2, 2016 | 6:04 AM EDT | Susan Jones
    El Centro, California bills itself as one of Southern California’s “most promising new commercial and industrial regions.” But it had a 20.1 percent unemployment rate in April, by far the highest of the 387 U.S. metropolitan areas surveyed by the Labor Department’s Bureau of Labor Statistics. That 20.1 percent unemployment rate is more than four times the national unemployment rate of 5.0 percent (seasonally adjusted). The only other metropolitan area to come close to El Centro’s jobless rate was Yuma, Arizona, where the unemployment rate was 18.7 in April. El Centro and Yuma, both near the Mexican border, are located...
  • Claims for jobless aid reach highest level since early 2015

    05/12/2016 6:34:19 AM PDT · by Olog-hai · 12 replies
    Associated Press ^ | May 12, 2016 9:26 AM EDT | Paul Wiseman
    The number of Americans applying for unemployment benefits rose last week to the highest level since February 2015, more sobering news for the labor market after a disappointing April jobs report. The Labor Department reported Thursday that applications for jobless aid rose by 20,000 to a seasonally adjusted 294,000. The four-week average, a less volatile measure, rose by 10,250 to 268,250, highest in nearly three months. […] “Today’s jobless claims report was a surprise, and not a positive one,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. “Jobless claims have moved sharply higher in recent weeks, reinforcing...
  • "As Barack says, a three letter word: Jobs!" –Joe Biden

    05/11/2016 8:17:31 AM PDT · by NOBO2012 · 6 replies
    Michelle Obama's Mirror ^ | 5-11-2016 | MOTUS
    When the government jobs and economy report was released last Friday, it wasn’t quite as rosy as we’ve been led to believe: Economist Herbert Stein famously observed, "If something cannot continue, it will stop." Given other readings on the economy, the rapid growth in jobs that was reported by the Bureau of Labor Statistics (BLS) for 4Q2015 and 1Q2016 could not continue. So, in April, it stopped. [ed. in other words, we lied about jobs growth,again.] Telling lies with statistics is so easy even a politician can do itFriday's BLS "Employment Situation" report was terrible. FTE* employment fell by 296,000,...
  • There's something wrong with the US labor market

    05/10/2016 1:10:20 PM PDT · by SeekAndFind · 63 replies
    Business Insider ^ | 05/10/2016 | Myles Udland
    Something isn't clicking in the US labor market. On Tuesday, the latest Job Openings and Labor Turnover Survey — or JOLTS — report showed there were 5.757 million jobs available in the US in March, a near record. Additionally, the number of unemployed persons in the US per job open is down to pre-recession levels at about 1.5 workers per job. In 2010, for example, this number was closer to five unemployed workers per job opening. And while the abundance of jobs is often interpreted as a sign of strength in the labor market, there's a persistent and growing gap...
  • President Obama’s Economic Legacy

    05/10/2016 9:03:43 AM PDT · by Academiadotorg · 12 replies
    Accuracy in Academia ^ | May 10, 2016 | Roger Aronoff
    As President Obama's second term nears its end he has begun a media tour emphasizing what he claims are the positive aspects of his policies. The complicit media, of course, have long worked to inflate positive impressions of Obama’s legacy, and this latest set of interviews is no different. "In two recent interviews, with The New York Times Magazine on his economic legacy and with The Atlantic on his foreign policy legacy, Mr. Obama expressed a common sentiment: He had achieved big things and avoided even bigger mistakes, and yet most people just shrug," wrote Mark Landler for The New...
  • The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April

    05/08/2016 5:32:39 PM PDT · by SeekAndFind · 27 replies
    TEC ^ | 05/08/2016 | Michael Snyder
    Should we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March? This is definitely a case where the trend is not our friend. According to Challenger, Gray & Christmas, U.S. firms announced 65,141 job cuts during April, which represented a massive 35 percent increase over the previous month. And so far this year overall, job cut announcements are running 24 percent higher than for the exact same period in 2015. Meanwhile, on Thursday we learned that initial claims for unemployment benefits shot up dramatically...
  • Mother’s Day 2016: More Millennials Are Living At Home With Mom, Study Finds

    05/07/2016 11:54:38 AM PDT · by Lorianne · 29 replies
    International Business Times ^ | 05 May 2016 | Tim Marcin
    Ahead of Mother's Day, more and more millennials are gifting their mom the most precious thing of all: quality time with their offspring. An analysis from real estate and rental marketplace Zillow released Thursday found more people ages 24-34 in the United States are living at home with mom than at any time in the past decade. Twenty-one percent of the age bracket lives at home with their mother, Zillow found. In 2005 that figure was just 13 percent. Rents have continued to rise, but income growth for young people has not kept pace. Zillow found that over the past...
  • My Rebuttal to Obama's Economic Lies

    05/06/2016 12:53:23 PM PDT · by Kaslin · 16 replies
    Rush Limbaugh.com ^ | May 6, 2016 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: The economy is in the tank. It's confirmed. All the April economic news is out, jobs news and everything. So what does Obama do? Come out and spin it. He's doing a presser or some sort of press availability now at the White House timed exactly to coincide with the beginning of this program, which he is wont to do. Here are the numbers that you need to know: 160,000 new jobs in April, the vast majority of them part time. That is 50,000 below "expectations." The expectations are meaningless. It's a bunch of economic experts that...
  • Payrolls Miss Huge: April Jobs Rose Only 160K, Below 200K Expected; Unemployment Rate At 5%

    05/06/2016 7:00:49 AM PDT · by SeekAndFind · 11 replies
    Zero Hedge ^ | 05/06/2016 | Tyler Durden
    It appears that the Fed is now officially "one and done" because the only indicator that until recently "confirmed" a "strong recovery", non-farm payrolls, just had a major stumble.  In yet another Goldman jinx which just two days ago boosted its payrolls forecast from 225K to 240K, moments ago the BLS reported that ADP's ominous print was right when it said that April payrolls rose only 160K, far below the 200K expected, and higher than just 1 of 92 economist expectations. This was the lowest print since last September's 145K. Private payrolls rose 171K on expectations of a 195K...
  • VANITY: When did the government begin separating unemployment into 6 categories, U1 through U6?

    05/02/2016 8:53:11 AM PDT · by RavenATB · 24 replies
    none
    I'm in a discussion about unemployment, and my "opponent" just declared that U3 Unemployment calculation has been the official measurement of unemployment for every president. Obviously, that's ridiculously wrong. But I was looking for a data point to help me drive that fact home, and I can't seem to find anything specific on when the US government began separating unemployment calculation into six categories, U1-U6, and specifically when the U3/U6 categories were established and first used. Do any of you have any information on this, and can you provide a source link? Thank you.
  • Automating Ourselves To Unemployment: How shortsighted policies are creating a long-term crisis

    04/28/2016 2:51:54 PM PDT · by SeekAndFind · 14 replies
    Peak Prosperity ^ | 04/28/2016 | Adam Taggart
    Students of Austrian business cycle theory are familiar with the term malinvestment. A malinvestment is any poor use of resources or capital, commonly made in response to bad policy (usually artificially low interest rates and/or unsustainable increases in the monetary supply). The dot-com bubble that popped in 2001? The housing bubble that similarly burst in 2008? Those were classic examples of malinvestment.With this article, I'd like to introduce a related term: malincentive. While not part of the official economic lexicon, I consider a 'malincentive' a useful word to describe any promise of short-term gain whose long-term costs outweigh any...
  • A Retrospective On Obama’s Economic Prowess

    04/28/2016 8:57:42 AM PDT · by NOBO2012 · 4 replies
    Michelle Obama's Mirror ^ | 4-28-2016 | MOTUS
    Make no mistake: Barry is a just a little economic genius. New York Times Magazine Sunday May 1, 2016Well of course he has a theory. Barry’s got a theory about everything, every one of which has been or will be proven absolutely positively wrong. Butt we won’t let that stop a good story – it’s the Old Gray Lady and you know what their motto is: “We were moving so fast early on that we couldn’t take victory laps. We couldn’t explain everything we were doing. I mean, one day we’re saving the banks; the next day we’re saving the...
  • In 1 Out Of Every 5 American Families, Nobody Has A Job

    04/27/2016 6:20:35 PM PDT · by SeekAndFind · 24 replies
    TEC ^ | 04/27/2016 | Michael Snyder
    If nobody is working in one out of every five U.S. families, then how in the world can the unemployment rate be close to 5 percent as the Obama administration keeps insisting? The truth, of course, is that the U.S. economy is in far worse condition than we are being told. Last week, I discussed the fact that the Federal Reserve has found that 47 percent of all Americans would not be able to come up with $400 for an unexpected visit to the emergency room without borrowing it or selling something. But Barack Obama and his minions never bring...
  • Joblessness is Killing People

    04/26/2016 11:37:09 PM PDT · by Tyrconnell · 40 replies
    The New York Sun ^ | April 26, 2016 | BETSY McCAUGHEY
    Soaring Suicides Emerge As a National Crisis Laid to Economic Stall Middle aged people laid off and unable to find work are taking another way out. They’re killing themselves. Suicide rates are soaring, according to federal data released last week. ... People in need of work are twice as likely to take their own lives as employed people, and people fired in their forties and fifties find it hardest to get hired again. That makes boosting economic growth a life- and- death issue.
  • Is There A Problem With The BLS Employment Reports?

    <p>Yes, there has definitely been an improvement in the labor market since the financial crisis. I am not arguing that point. The financial markets, investors, and analysts eagerly anticipate the release of the employment report each month while the Federal Reserve has staked its monetary policy actions on them as well.</p>
  • 5 shocking examples of H-1B visa program abuse; How they are causing mass layoffs in America

    04/14/2016 6:58:05 AM PDT · by SeekAndFind · 61 replies
    CIO ^ | 07/09/2015 | By Sharon Florentine, CIO
    The H-1B visa program was designed to encourage highly skilled foreign workers to put down roots in the U.S. and spur innovation. However, many IT firms are twisting the intent of the program, and using it to hire inexperienced workers at lower pay. Here are five highly publicized instances of H-1B visa abuse. Companies claim there just aren't enough highly skilled IT workers in the U.S. to fill the number of available tech jobs. Perhaps what they really mean is that there aren't enough highly skilled U.S. IT workers willing to work for lower wages and zero benefits. While there...
  • The Minimum Wage: Destruction Disguised as Justice

    04/08/2016 1:37:42 PM PDT · by jfd1776 · 13 replies
    Illinois Review ^ | April 8, 2016 A.D. | John F. Di Leo
    As cities contemplated doubling their minimum wage, conservatives warned that employers would flee. And that’s exactly what happened. Then as states contemplated doubling their statewide minimum wage, conservatives warned them again; but again their warnings were drowned out in the cacophonies of popular liberalism. So now California companies are already collecting bids from moving companies, and ordering new stationery for new digs in Arizona, Nevada, and of course, Texas. The destruction that minimum wage increases cause is no longer even denied by the left. Their politicians happily proudly admit the damage they do, even as they inflict these pains on...
  • Payrolls Rise 215K In March, Beat Expectations As Average Hourly Earnings, Unemployment Rise

    04/01/2016 7:32:10 AM PDT · by SeekAndFind · 9 replies
    Zero Hedge ^ | 04/01/2016 | Tyler Durden
    And so the confusion remains: why did Yellen go uber dove three days ahead of a day in which the BLS reported that in March not only were 215K jobs created, more than the consensus 205K, if below last month's 245K, but in which average hourly earnings rebounded a solid 0.3%, above the 0.2% expected, and well above last month's -0.1% decline. Payrolls:  Wages:  However, the fly in the the ointment was that the unemployment rate picked up modestly from 4.9% to an above expectations 5.0%. This was due to a modest increase in the participation rate to 63%...
  • Jobless Claims Surge Most In 2 Years As Challenger Warns Of "Significant" Jump In Retail, Layoffs

    03/31/2016 7:58:47 AM PDT · by SeekAndFind · 12 replies
    Zero Hedge ^ | 03/31/2016 | Tyler Durden
    With both ISM Manufacturing and Services employment indices collapsing, endless headlines of layoffs, Challenger-Grey noting Q1 as the worst since 2009, and NFIB small business hiring weak, it is no surprise that initial jobless claims is finally waking up. For the 3rd week in a row - the longest streak since July 2015. The last 3 weeks have seen a 9.1% surge in jobless claims - the biggest such rise since April 2014.  And finally, as Challenger-Grey notes, Through the first quarter of 2016, employers announced 184,920 job cuts, up 31.8 percent from the 140,241 cuts tracked the first three...
  • US applications for jobless aid rise, but still near lows

    03/31/2016 6:13:55 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Mar 31, 2016 8:35 AM EDT | Josh Boak
    More Americans sought unemployment benefits last week, but applications still stayed near historic lows that point to a stable job market. […] Weekly jobless claims have remained below the crucial threshold of 300,000 for more than a year, a level that usually corresponds with monthly gains in excess of 200,000. Economists expect that Friday’s jobs report will show that employers hired roughly 200,000 workers in February as the unemployment rate held at an eight-year low of 4.9 percent. …
  • 23 Percent Of Americans In Their Prime Working Years Are Unemployed

    03/29/2016 9:05:25 AM PDT · by SeekAndFind · 19 replies
    TEC ^ | 03/29/2016 | Michael Snyder
    Did you know that when you take the number of working age Americans that are officially unemployed (8.2 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (94.3 million), that gives us a grand total of 102.5 million working age Americans that do not have a job right now? I have written about this before, but today I want to focus just on Americans that are in their prime working years. When you look at only Americans that are from age 25 to age 54, 23.2 percent...
  • Calif. to raise minimum wage to $15: reports

    03/26/2016 9:51:02 PM PDT · by 2ndDivisionVet · 44 replies
    The Hill's Briefing Room ^ | March 26, 2016 | Evelyn Rupert
    California lawmakers and union leaders have reached a tentative deal to raise the state minimum wage to $15 an hour over the next several years, the Los Angeles Times reports. Gov. Jerry Brown (D) is expected to make the formal announcement as early as Monday. According to the L.A. Times, the minimum wage will jump from $10 to $10.50 an hour in 2017 and will increase by $1 every year after that until reaching $15 an hour in 2022. Business with fewer than 25 employees will have an extra year to comply. "The governor and stakeholders have all been negotiating...
  • US weekly jobless claims total 265,000 vs 268,000 estimate

    03/24/2016 6:18:39 AM PDT · by mykroar · 5 replies
    CNBC.com ^ | 3/24/2016 | Reuters
    The number of Americans filing for unemployment benefits rose modestly last week while revisions for prior weeks showed the labor market was much stronger than previously thought. Initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 265,000 for the week ended March 19, the Labor Department said on Thursday. The prior week's claims were revised to show 6,000 fewer applications received than previously reported. Economists polled by Reuters had forecast claims rising to 268,000 in the latest week. The government also revised data going back to 2011, which showed claims trending lower than previously reported. Claims for...
  • Black Trump Backer Says Open Borders Are Crushing Black Employment

    03/19/2016 6:54:01 PM PDT · by Albion Wilde · 47 replies
    Breitbart News ^ | March 189. 2016 | Breitbart video interviewer
    A black Donald Trump supporter told Breitbart News that a border wall was necessary to get black Americans back into work, citing Harlem’s construction industry.
  • 4.9 Percent Unemployment Rate? Over 80% Of Jobs Added In January Were Minimum Wage Earners

    03/04/2016 7:47:55 AM PST · by SeekAndFind · 20 replies
    Zero Hedge ^ | 03/04/2016 | Tyler Durden
    Jobs were good; earnings were a disaster - that's the best summary of today's jobs report. As we noted earlier, February suffered the biggest ever monthly drop in average weekly earnings, because not only did hourly earnings drop but so did hours worked, resulting in far lower overall weekly wages.  What caused this? Nothing our readers don't already know: recall that in January, "70% Of Jobs Added In January Were Minimum Wage Waiters And Retail Workers."February was even worse: most of the jobs that were created, if only on a goalseeked, seasonally adjusted basis, were of the lowest paying,...
  • US adds a strong 242,000 jobs February; Unemployment rate holds at low 4.9 pct.

    03/04/2016 6:39:31 AM PST · by SeekAndFind · 33 replies
    Pittsburgh Post Gazette ^ | 03/04/2016 | JOSH BOAK AP
    U.S. employers added a robust 242,000 workers in February as retailers, restaurants and health care providers drove another solid month for the resilient American job market. Retailers, restaurants and health care providers drove another solid month for the resilient American job market. The unemployment rate held steady at a low 4.9 percent. The Labor Department on Friday also revised up its estimated job growth for December and January by a combined 30,000. Over the past three months, U.S. employers have added a strong 228,000 to their payrolls. The pickup in job gains shows that the U.S. economy has weathered a...
  • Food Stamp Users Near Record High Despite Low Unemployment Rate

    03/01/2016 10:20:20 AM PST · by Olog-hai · 43 replies
    MRC TV ^ | 02/29/2016 | Nick Kangadis
    Despite the unemployment rate being at an eight-year low (4.9 percent as of January 2016), the number of people on food stamps remains near an all-time high which was 47,636,000 in 2013. Why the disparity in the numbers? Well, the unemployment rate does not take into account people who are not in, or have dropped out of, the workforce altogether. The Bureau of Labor Statistics reported in January of this year that approximately 94 million Americans are not participating in the workforce. But the Supplemental Nutrition Assistance Program (SNAP) has been hovering around 46 million participants since 2011. ...
  • The Meanings of California’s Low Labor Force Participation Rate

    02/17/2016 8:29:52 AM PST · by SeekAndFind · 3 replies
    Foxes and Hounds ^ | 02/17/2016 | Michael Bernick, Former California Employment Development Department Director
    The most recent data on California’s labor force participation rate (the percentage of California adults employed or looking for work) show the rate continuing to decline the past few years, even as job growth is very strong. Why is this? Should workforce practitioners and policymakers in California be concerned? How much does the rate represent increased discouragement among our workforce?Let’s start with the data, turning to EDD’s Labor Market Information Division. Mr. Brandon Hooker of the Division has compiled the chart above (click to enlarge) that tracks the declining labor force participation rate in California since December 2007. The rate...
  • Shadow-Stats: Obama's real unemployment rate almost 25%!

    02/13/2016 3:24:01 PM PST · by Javeth · 6 replies
    Shadow-Stats ^ | February 5th, 2016 | Jon Williams
    The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers. The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.
  • The Real Jobless Rate Is 42 Percent? Donald Trump Has a Point, Sort Of

    02/11/2016 6:49:44 AM PST · by SeekAndFind · 15 replies
    New York Times ^ | 02/11/2016 | Neil Irwin
    Donald Trump seems quite certain that the real unemployment rate is higher than the 4.9 percent that the Bureau of Labor Statistics has reported it to be. A lot higher. "Don't believe these phony numbers when you hear 4.9 and 5 percent unemployment," Mr. Trump said in his victory speech after the New Hampshire primary Tuesday night. "The number's probably 28, 29, as high as 35. In fact, I even heard recently 42 percent." Mr. Trump might be bombastic, but he's not entirely wrong. And the ways in which he is wrong are actually useful for anyone who wants to...
  • Americans are quitting their jobs like crazy

    02/09/2016 8:07:31 AM PST · by SeekAndFind · 33 replies
    Business Insider ^ | 02/09/2016 | Akin Oyedele
    Americans are quitting their jobs like crazy, and this is good news for wages. The latest monthly "Job Openings and Labor Turnover Survey" (JOLTS) showed that in December, the total number of quits was 3.1 million, the highest level in a decade, while the quits rate was 2.1%, the highest since April 2008. This rate, which takes the number of quits divided by the number of employees who worked or were paid for work, is one of the labor-market metrics most closely watched by Federal Reserve chairwoman Janet Yellen. If people are quitting their jobs, it suggests that they are...
  • Study of USDL Data, Reveals Unemployment at 22.95% Due to Sub Par Job Growth

    02/09/2016 12:51:03 PM PST · by DoughtyOne · 18 replies
    My own workup ^ | 02/09/2016 | DoughtyOne / for Free Republic
  • More jobs than job seekers bodes well for U.S. labor force in 2016, expert says

    02/09/2016 8:04:17 AM PST · by SeekAndFind · 50 replies
    Daily News ^ | 02/09/2016 | BY DR. STEVEN LINDNER
    Although stock portfolios may be looking bleak with the sudden fall in the market indices, employment prospects for job seekers have never looked better. I don't have a crystal ball, but there are some strong indicators that 2016 has much to offer in terms of achieving our career aspirations. Currently there are more jobs available than job seekers. According to the U.S. Department of Labor, the current unemployment rate is trending downward, a positive sign for all us -- it was 4.9% in January, down from 5% the previous month. In some parts of our country, we have unemployment rates...
  • Dwindling Jobs... And Attacking the Producers

    02/07/2016 8:54:16 PM PST · by jfd1776 · 8 replies
    Illinois Review ^ | February 6, 2016 A.D. | John F. Di Leo
    How would you react to the following news stories? Former Shoppers Fined $5,000 for No Longer Frequenting Nearby Mall Residents of Anytown, USA were surprised to receive invoices in the mail from their local county government Friday. The county identified people who used to shop in the local mall but, due to reports of muggings, rapes, and vehicle theft at the mall, switched to shopping at other, safer malls, or just doing it online. The thousand dollar a year fine was based on the estimated amount of revenue the mall says it lost due to their departure. Professional economists, when...
  • So this is what 'full employment' looks like? [That's essentially what we have today]

    02/07/2016 7:29:45 AM PST · by SeekAndFind · 25 replies
    CNBC ^ | 02/07/2016 | Jeff Cox
    For more than seven years, Federal Reserve officials have touted their progress toward achieving "full employment," with the most recent target a 4.9 percent unemployment rate. With Friday's nonfarm payrolls report showing that the goal has been achieved, perhaps the Fed can raise the "Mission Accomplished" banner along with a welcome mat to the world of "full employment." The jobless rate last reached this level in February 2008, following a run from June 2005 to April 2008 during which unemployment never eclipsed 5 percent. Getting a "4-handle" on the number -- using Wall Street lingo -- was supposed to represent...
  • Obama Quips That New Low Unemployment Number Is 'Inconvenient' For Republican Candidates

    02/05/2016 1:25:44 PM PST · by Kaslin · 36 replies
    Townhall.com ^ | February 5, 2016 | Cortney O'Brien
    "Americans are working," President Obama proudly declared at a White House press conference Friday morning. He was referring to the new jobs report that revealed unemployment has dropped to 4.9 percent - the first time it's fallen below 5 percent in 8 years. The president also remarked on how his administration has added 14 million new jobs over his tenure and that over the past 6 months wages have risen at an impressive rate. He couldn't help pointing to falling gas prices as well. After gleefully sharing these new numbers, Obama quipped that the supposedly successful economy is "inconvenient" for...
  • Obama's Unemployment Sleight of Hand

    02/05/2016 1:41:51 PM PST · by Kaslin · 14 replies
    Townhall.com ^ | February 5, 2016 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: We have an audio sound bite here from Obama, the press conference I mentioned an hour ago. He went out there and he was praising his economy. He was heralding first-time unemployment rate as being under 5% for the first time in seven years. That's essentially since he took office. The first time. When have you ever heard that referred to: "The first-time unemployment rate is now at 4.9%"? What's that? Does anybody have any memory of hearing the unemployment rate referred to as "the first-time unemployment rate"? Well, there's a reason he said it. It's because...
  • Fun with numbers: The real story behind the 4.9% unemployment report

    02/06/2016 5:24:15 PM PST · by SeekAndFind · 13 replies
    American Thinker ^ | 02/06/2016 | Rick Moran
    On the surface, the January jobs numbers appear to be "not bad."  There were 151,000 jobs created, and the official unemployment rate dropped below 5%. But the story inside the numbers is really, really awful.  The Bureau of Labor Statistics calculates job creation and loss using two different measurements: the Current Population Survey and "Establishment" data from the Current Employment Statistics.  Usually, the two measurements are roughly the same.  But how do you explain this, BLS? Consider these BLS numbers based on household data. In January, there were 25,328,000 "foreign born" workers employed, a one-month drop of 98,000. In January, there...