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Keyword: unemployment

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  • U.S. Added 250,000 Jobs in October; Unemployment at 3.7%

    11/02/2018 7:59:07 AM PDT · by nikos1121 · 19 replies
    NYTIMES ^ | 11/02/2018 | Patricia Cohen
    The Labor Department released its hiring and unemployment figures for October on Friday morning, providing the latest snapshot of the American economy.
  • America’s Ghost Legions of Idle Men

    10/22/2018 2:55:31 PM PDT · by OddLane · 34 replies
    Intellectual Takeout ^ | October 18, 2018 | Michael Cook
    The US stock market continues to set new records. Unemployment continues to go down. The United States is now at or near “full employment”. According to a Bloomberg headline last year, “The Jobless Numbers Aren’t Just Good, They’re Great”. But a closer look at economic data by demographer Nicholas Eberstadt reveals something else entirely. While “unemployment” has gone down, the work participation rate, and especially the male work rate, has been relentlessly declining for most of the post-War era and is now reaching a crisis with Depression-era levels. In his new book, Men Without Work, Eberstadt describes this as a...
  • This chart shows how everything has changed since Trump became president

    10/21/2018 3:05:31 PM PDT · by 2ndDivisionVet · 13 replies
    CNBC ^ | October 21, 2018 | Jeff Cox
    Since Donald Trump won the presidency, he has presided over both one the most tumultuous political times in recent memory, as well as the best economy the country has seen since well before the financial crisis. Consumer and small business confidence is up — but so are both the national debt and budget deficit. The chart below, using mostly data compiled by Goldman Sachs, quantifies just how much things changed from the days just before the election in November 2016 through September 2018. Of course, the stock market has weakened in October, which has been its historically most volatile month....
  • Unemployment rate falls to 49-year low

    10/07/2018 8:28:47 PM PDT · by NotaLowTBoomer · 27 replies
    Just posting this because you won't see it on Television, because it's actual news, and television doesn't report on real news. ashington (CNN Business)The last time the American job market was this strong, astronauts were still going to the moon. The unemployment rate fell to 3.7% in September, the lowest level since December 1969
  • Even the Seemingly Disappointing Job Creation Numbers Are Actually Pretty Great

    10/05/2018 8:20:08 AM PDT · by edwinland · 20 replies
    New York Times ^ | Oct 5, 2018 | Neil Irwin
    The September jobs numbers are the 2018 United States economy in a nutshell: Even when an economic report is bad these days, it’s actually pretty good. When the latest numbers first were broadcast at 8:30 a.m. Friday, it looked like a big disappointment. Employers added only 134,000 jobs to their payrolls last month, well below the levels of recent months and well below what forecasters had projected. But even apart from the usual warnings about statistical error and randomness (the true rate of job creation could turn out to be either much higher or much lower), the numbers are a...
  • Beto O’Rourke blames Black Americans not working for illegal aliens working [video]

    09/20/2018 10:11:26 AM PDT · by KeyLargo · 41 replies
    THE HAYRIDE.COM ^ | Sep 20, 2018 | Bethany Blankley
    Beto O’Rourke blames Black Americans not working for illegal aliens working [video] September 20th, 2018 Bethany Blankley Beto told a black Texan that he and other Americans created the need for illegal aliens working because they are not working a cotton gin. Yes, he said this– in public– on video. During a town hall event on Wednesday night, Rep. Beto O’Rourke (D-TX) — running against Sen. Ted Cruz (R-TX) for the Senate seat — told a black American who questioned his support for illegal aliens. O’Rourke then compared the aliens from Central America and Mexico to the modern version of...
  • Jobless claims fall again to reach new 49-year low of 201,000

    09/20/2018 6:08:58 AM PDT · by Red Badger · 15 replies
    www.marketwatch.com ^ | Published: Sept 20, 2018 8:37 a.m. ET | By Jeffry Bartash
    The numbers: The number of Americans who applied for unemployment benefits in mid-September fell to a fresh 49-year low, more proof that a growing labor shortage and surging economy have given workers greater job security. Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.
  • Widespread disdain for Trump is misguided

    09/15/2018 2:56:50 AM PDT · by 2ndDivisionVet · 16 replies
    The News Record ^ | September 14, 2018 | Samuel Schell-Olsen
    Contrary to popular culture and the media, Donald Trump has, so far, performed well as commander in chief. Since taking office in 2017, Trump has overseen the most successful economic policy since Calvin Coolidge. By cutting regulations, slashing taxes and promoting business activity, U.S. unemployment rates have dropped to 3.9 percent — its lowest percentage since December 2000. Unemployment in Hispanic communities has reached an all-time low of 4.7 percent. While Trump is arguably the most foul-mouthed President since Lyndon Johnson, his penchant for action speaks volumes. In April, Trump signed the Allow States and Victims to Fight Online Sex...
  • New York Slimes: We’re Measuring the Economy All Wrong

    09/14/2018 7:58:33 PM PDT · by EdnaMode · 44 replies
    New York Slimes ^ | September 14, 2018 | David Leonhardt
    Ten years after the collapse of Lehman Brothers, the official economic statistics — the ones that fill news stories, television shows and presidential tweets — say that the American economy is fully recovered. The unemployment rate is lower than it was before the financial crisis began. The stock market has soared. The total combined output of the American economy, also known as gross domestic product, has risen 20 percent since Lehman collapsed. The crisis is over. But, of course, it isn’t over. The financial crisis remains the most influential event of the 21st century. It left millions of people —...
  • U.S. wages growing at fastest rate in 9 years as unemployment stays at 3.9 percent

    09/07/2018 12:07:19 PM PDT · by Innovative · 26 replies
    Washington Post ^ | Sept. 7, 2018 | Heather long
    iring picked up in August and so did worker pay -- registering the fastest wage growth since 2009 in an encouraging sign that wages may finally be moving higher after years of sluggish gains. August was the 95th straight month the U.S. economy added jobs, with a robust 201,000 job gains, the Labor Department reported Friday, while wages for U.S. workers grew at 2.9 percent in the past year. The national unemployment rate remained at 3.9 percent, one of the lowest levels in half a century. The higher pay is a sign that businesses are having to compete hard for...
  • 6.3%: African-American Unemployment Rate Second-Lowest Ever

    09/07/2018 11:19:38 AM PDT · by Red Badger · 22 replies
    CNS NEWS ^ | September 7, 2018 | 8:43 AM EDT | By Susan Jones
    (Correction: The original headline said that the African-American unemployment rate in August was the lowest ever; in fact, 6.3% is the second lowest rate on record for African-Americans.) (CNSNews.com) - The midterm election is about "safety and jobs," President Trump told a campaign rally in Montana Thursday night. He said the economy is "booming like never before," and on Friday, the unemployment report brought the president more good news: the unemployment rate for African Americans, 6.3 percent, is the second lowest on record (it was 5.9 percent in May); and job-growth remains strong. For Hispanics, the unemployment rate increased two-tenths...
  • Jobless Claims Unexpectedly Plunge to New Post-1969 Record

    09/06/2018 7:49:30 AM PDT · by markomalley · 47 replies
    Big Government ^ | 9-6-18 | John Carney
    Jobless claims fell last week even further to a new post-1969 record of 203,000. This is the lowest level for initial claims for state unemployment benefits since December 6, 1969 when it was 202,000.
  • Government Spends $18 Billion On Jobs Programs, But Can't Tell If They Work

    09/04/2018 1:29:04 PM PDT · by SeekAndFind · 7 replies
    IBD ^ | 09/04/2018
    Every election, politicians talk about the need for more job training programs. What they don't tell voters is that the government already spends billions on job training. Most of it is wasted. Last week, The New York Times reported that one of the biggest and oldest federal job training programs — the $1.7 billion Job Corps — is failing those it's supposed to help. The story points to an audit of the program by the Labor Department's Office of Inspector General, which found that despite its large budget, and the fact that 50,000 students enroll every year, the Job Corps...
  • Jim Brown to blacks: Take 'responsibility,' don't blame Trump

    08/30/2018 11:23:08 PM PDT · by 2ndDivisionVet · 15 replies
    One News Now ^ | August 29, 2018 | Michael F. Haverluck
    National Football League legend Jim Brown proclaimed on Tuesday that the black community must take ownership of its problems and struggles – rather than blame President Donald Trump. These comments come a week after the NFL great criticized professional football players who disrespect the flag and their country by not standing for the National Anthem – when he insisted that he would never kneel while the national tribute before games was being played. Now, Brown wants the blacks to show more accountability for the decisions they make and the predicaments they are in so that they will have less hardships...
  • Believe It: Donald Trump’s Black Support Is Rising …… by how much is up for debate, though.

    08/20/2018 11:21:20 AM PDT · by 2ndDivisionVet · 22 replies
    FITSNews ^ | August 20, 2018 | Staff
    U.S. president Donald Trump is receiving higher-than-expected support from black Americans, according to new polling. But a vigorous debate is underway as to exactly how much black support he is receiving. According to a new Rasmussen survey, Trump is backed by a whopping 36 percent of black voters. Wait … what? If that sounds too high, it’s because it probably is. We aren’t convinced that number is accurate, although Rasmussen – along with the Trafalgar Group – was one of the few national firms to correctly predict Trump’s upset victory in 2016. They clearly knew something the other pollsters didn’t...
  • Appeals board says woman who disparaged Mexicans can't claim jobless benefits by citing Trump

    08/18/2018 10:48:05 AM PDT · by rickmichaels · 30 replies
    The Hill ^ | Aug. 16, 2018 | Morgan Gstalter
    An Iowa appeals board has reversed a judge's ruling that a woman who disparaged Mexicans can claim unemployment benefits because such rhetoric is "common" after President Trump was elected. Angela Diers filed for unemployment after said she was fired from her job at Dexter Laundry after she said in front of co-workers that she hated “f---ing Mexicans," The Des Moines Register reported Wednesday. Administrative Law Judge Beth Scheetz had originally approved Diers's request for aid, saying that derogatory comments about "blacks and foreigners" were commonplace at the commercial washer and dryer manufacturing plant where Diers worked. “Since President Trump’s election,...
  • Even if called racist, Trump makes life better for black Americans

    08/11/2018 12:55:54 AM PDT · by 2ndDivisionVet · 19 replies
    The North Andover Eagle-Tribune ^ | August 10, 2018 | Jay Ambrose
    President Donald Trump is making life better for black Americans everywhere you look while his predecessor fumbled. But, hey, say his critics, not everything is perfect yet, so don’t give in to his policies. It’s an unbudging, self-inflicted blindness that can hardly be called racism, itself, even though it is similarly destructive. The loudest Trump triumph of the moment has been dips to the lowest black unemployment in history, and get this: Jobs confer purpose, they provide pride, they build community, they set one up to help others, they enable social mobility, they lift the spirit. Welfare limps, jobs jog...
  • The Market Is “Banning the Box”: The Long-term unemployed finally going back to work.

    08/09/2018 10:11:51 AM PDT · by SeekAndFind · 27 replies
    City Journal ^ | 08/09/2018 | Aaron M. Renn
    The American economic expansion is finally accomplishing one of the country’s most needed social improvements: getting the long-term unemployed reattached to the labor market. Income inequality gets much of the press today, but as Harvard economist and Manhattan Institute senior fellow Ed Glaeser points out, long-term joblessness is the more serious problem. The unemployed face a heightened risk of serious ills ranging from physical maladies and mental health problems to divorce. Rising long-term joblessness, particularly among prime, working-age men (25 to 54), has been a corrosive trend. A Kansas City Federal Reserve study found that the number of men in...
  • Major disconnect: Jobs unfilled despite thousands of unemployed

    08/07/2018 11:10:33 AM PDT · by SeekAndFind · 120 replies
    Dayton Daily News ^ | 08/07/2018 | By Lynn Hulsey
    The U.S. Bureau of Labor Statistics says 20,000 unemployed people are looking for work in Montgomery, Greene and Miami counties, the three counties that make up the Dayton Metropolitan Statistical Area. But some employers look at the slim pickings they get from job fairs and want ads and wonder where all the good workers are. The disconnect between those looking for work and companies struggling to find workers is one reason so many people in the region are not reaping the full rewards of the booming economy. It’s also a reason companies see their job openings going unfilled. “What they...
  • Who's left to employ? Tight job market scoops up those on the margin

    08/06/2018 10:17:04 AM PDT · by SeekAndFind · 49 replies
    CS Monitor ^ | 08/06/2018 | By Laurent Belsie
    Almost like clockwork, a growing US economy cranks out new jobs. In July, it added 157,000 positions, the US Labor Department reported Friday; in June, 248,000. But with unemployment near 20-year lows and some analysts touting “full employment,” are there enough available people to keep filling them? Population growth can account for about a third to a half of the new hires. But to keep the economy growing, people not currently working need to come off the sidelines to reenter the workforce. And that’s what’s happening. The story of who and how is a sometimes messy process, with people struggling...