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Keyword: unemployment

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  • The Real Jobless Rate Is 42 Percent? Donald Trump Has a Point, Sort Of

    02/11/2016 6:49:44 AM PST · by SeekAndFind · 11 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...
  • Getting away with a bogus unemployment rate. Why?

    02/05/2016 3:08:27 PM PST · by From The Deer Stand · 39 replies
    Local | February 5, 2016 | From The Deer Stand
    The government (Obama administration) reported that only 151,000 jobs were created last month and that the unemployment rate DROPPED to 4.9%, the lowest in 10 years. We all know that is bogus as they don't count the millions who are unemployed but are not looking for work. How do they get away with giving out false information? Of course we know the main stream media won't challenge them but what about our pundits and politicians?
  • U.S. labor market on solid ground as jobless rate hits eight-year low

    02/05/2016 1:16:06 PM PST · by Rockitz · 16 replies
    Reuters via Yahoo ^ | February 5, 2016 | Lucia Mutikani
    WASHINGTON (Reuters) - U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm. Non-farm payrolls increased by 151,000 jobs and the unemployment rate slipped one-tenth of a percentage point to 4.9 percent, the lowest since February 2008, the Labor Department said on Friday. The payrolls gain was a sharp step-down from the average 231,000 jobs per month during the fourth quarter. "The fact that payroll gains fell back to earth is not necessarily...
  • Don't Show Trump This Chart: All U.S. Job Gains Since Dec. 2007 Have Gone To Foreign-Born Workers

    02/05/2016 8:59:34 AM PST · by SeekAndFind · 20 replies
    Zero Hedge ^ | 02/05/2016 | Tyler Durden
    With the Fed on the verge of a full relent and admission of policy error, the Fed's "data (in)dependent" monetary policy once again takes on secondary relevance as we progress into 2016. However, even with the overall job picture far less important, one aspect of the US jobs market is certain to take on an unprecedented importance. We first laid out what that is last September when we said that "the one chart that matters more than ever, has little to nothing to do with the Fed's monetary policy, but everything to do with the November 2016 presidential elections...
  • US added just 151k jobs in January; unemployment at 4.9%

    02/05/2016 8:18:58 AM PST · by SeekAndFind · 33 replies
    The U.S. economy added 151,000 jobs in January, a slowdown from recent months but still a sign of a solid job market. Employers raised pay, more people felt confident enough to look for work and the unemployment rate dipped to 4.9 percent, its lowest level since 2008. Friday's report from the Labor Department showed that the job market remains a vital support for an economy that is struggling in areas such as manufacturing and is facing weakness overseas. It provides a key piece of evidence for the Federal Reserve, which is weighing whether to raise interest rates again after lifting...
  • Sanders' Tax Hike to Cost 6 Million Jobs [semi-satire]

    01/30/2016 9:13:32 AM PST · by John Semmens
    Semi-News/Semi-Satire ^ | 31 Jan 2016 | John Semmens
    An analysis undertaken by the Tax Foundation estimates that the tax increases promised by Democratic presidential candidate Sen. Bernie Sanders (S-Vt) will cut economic growth by more than 9% and result in 6 million fewer full-time jobs. "Sanders' plan would significantly increase marginal tax rates on capital and labor income, which would result in a substantial reduction of the size of the U.S. economy in the long run," authors Alan Cole and Scott Greenberg asserted. Sanders' campaign manager Jeff Weaver pooh-poohed the report quoting economist John Maynard Keynes' observation that "in the long run we are all dead. At 74...
  • This Trend Is Not Your Friend - Initial Jobless Claims Average Surges To 10-Month Highs

    01/28/2016 8:42:28 AM PST · by SeekAndFind · 11 replies
    Zero Hedge ^ | 01/28/2016 | Tyler Durden
    Having surged to six-month highs, initial jobless claims dropped modestly on the week but the smoother 4-week average that is broadly used pushed to new cycle highs at 285k - the highest since March 2015 confirming The Fed's concerns over the economy. This is a trend that is certainly not the friend of Janet and her friends... but we are sure this is all just transitory.
  • Why Do They Lie to Us Over and Over?

    01/22/2016 12:51:49 PM PST · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 01/22/16 | Dr. Robert Owens
    The major media has morphed from a watchdog to a lapdog barking on cue that everything is all right, there's nothing to see here, move along Joseph Goebbels, Hitler’s Minister of Propaganda said, “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal...
  • US jobless claims jump to 7-month high

    01/21/2016 6:30:22 AM PST · by SeekAndFind · 10 replies
    New claims for US unemployment insurance benefits jumped to a seven-month high last week, the Labor Department reported Thursday. Initial jobless claims rose by 10,000 to 293,000 in the week ending January 16, the highest level since early July. But claims, a sign of the pace of layoffs, have remained below 300,000 since late February 2015 as the jobs market tightens. Analysts say volatility is typical in the first weeks of the year. The four-week moving average for claims rose by 6,500 to 285,000. A year ago it was 298,250. The US economy added 2.65 million jobs in 2015, the...
  • UN chief alarmed at prospect of rising global unemployment

    01/20/2016 9:29:46 PM PST · by Olog-hai · 11 replies
    Associated Press ^ | Jan 20, 2016 7:20 PM EST | Edith M. Lederer
    Secretary-General Ban Ki-moon's spokesman said Wednesday that projections for rising global unemployment over the next two years are "alarming" and the U.N. chief will keep pushing for job opportunities, especially for youth. The comments from deputy spokesman Farhan Haq were in response to a new report from the U.N. labor agency projecting that the number of unemployed people will increase by nearly 2.3 million in 2016 and 1.1 million in 2017 as a result of the global economic slowdown last year. Haq said Ban has been raising the need for new jobs in discussions with business leaders and others at...
  • Quitters Prosper:...allow workers who quit their jobs to collect unemployment insurance [tr]

    01/20/2016 7:20:52 AM PST · by C19fan · 21 replies
    Democracy: A Journal of Ideas ^ | January 11, 2016 | Nick Bunker
    Numbers from Friday’s jobs report underscores a persistent problem for the U.S. economy: Wages aren’t growing fast enough for most Americans. According to the data for December, the average wage for all workers grew at 2.5 percent over the last year, before accounting for inflation. Healthy wage growth would be somewhere in the range of 3.5-4 percent. How can we get to that level of wage growth? A number of proposals have been floated by economists and politicians across the political spectrum. But there’s one minor fix we can implement that could have major implications: allow workers who quit their...
  • Redo of a classic...unemployment figure manipulation

    01/17/2016 3:01:13 PM PST · by granite · 7 replies
    1/17/2016
    COSTELLO: I want to talk about the unemployment rate in America . ABBOTT: Good Subject. Terrible Times. It's 5.6%. COSTELLO: That many people are out of work? ABBOTT: No, that's 23%. COSTELLO: You just said 5.6%. ABBOTT: 5.6% Unemployed. COSTELLO: Right 5.6% out of work. ABBOTT: No, that's 23%. COSTELLO: Okay, so it's 23% unemployed. ABBOTT: No, that's 5.6%. COSTELLO: WAIT A MINUTE. Is it 5.6% or 23%? ABBOTT: 5.6% are unemployed. 23% are out of work. COSTELLO: If you are out of work you are unemployed. ABBOTT: No, Obama said you can't count the "Out of Work" as the...
  • Obama unveils plan to reform unemployment insurance [passing out $$ we don't have]

    01/17/2016 1:53:36 AM PST · by Cincinatus' Wife · 23 replies
    The Hill ^ | January 16, 2016 | Bradford Richardson
    President Obama on Saturday unveiled an unemployment insurance plan that he says will provide stability and opportunity to workers in a rapidly changing economy. The president's three-pronged plan includes wage insurance of up to $10,000 over two years, expanded unemployment insurance coverage and more opportunities for laid off workers to retrain and reenter the workforce. "If a hardworking American loses her job, regardless of what state she lives in, we should make sure she can get unemployment insurance and some help to retrain for her next job," Obama said in his weekly address. "It's a way to give families some...
  • US weekly jobless claims total 284,000 vs 275,000 estimate

    01/14/2016 7:22:53 AM PST · by mykroar · 6 replies
    CNBC.com ^ | 1/14/2016 | Reuters
    The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below levels associated with a healthy labor market. Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 284,000 for the week ended Jan. 9, the Labor Department said on Thursday. The prior week's claims were unrevised.Still, it was the 45th consecutive week that claims remained below the 300,000 mark, which is associated with strong labor market conditions. That is the longest such stretch since the early 1970s. Economists polled by Reuters had forecast claims slipping to 275,000 in the latest week. The increase...
  • Goodbye Jobs, Hello 'Gigs': How One Word Sums Up A New Economic Reality

    01/12/2016 11:19:49 AM PST · by SeekAndFind · 24 replies
    NPR ^ | 01/12/2016 | GEOFF NUNBERG
    The obvious candidates for word of the year are the labels of the year's big stories -- new words like "microaggression" or resurgent ones like "refugees." But sometimes a big theme is captured in more subtle ways. So for my word of the year, I offer you the revival of "gig" as the name for a new economic order. It's the last chapter in the life of a little word that has tracked the rise and fall of the great American job. "Gig" goes back more than a century as musicians' slang for a date or engagement. Nobody's sure where...
  • This is The Last Hurrah For Job Growth

    01/11/2016 10:20:56 AM PST · by SeekAndFind · 6 replies
    RCM ^ | 01/10/2016 | By Louis Woodhill
    Friday's "Employment Situation" report from the Bureau of Labor Statistics (BLS) showed that December was a very good month for jobs. FTE* employment rose by 481,000. This complemented the unexpectedly large increase of 292,000 in payroll employment. Labor force participation edged upward in December, providing welcome relief from the relentless slide of this important indicator that has occurred during the Obama years. Unfortunately, December's numbers may very well be the last hurrah for jobs, as the economy slips into recession. It is worrisome that the Dow Jones Industrial Average fell by 2.23% during 2015, after rising during each of the...
  • Job Cuts at Macy's Signal Hard Times Ahead for Retailers: 4,800 layoffs after miserable holiday

    01/10/2016 6:09:11 AM PST · by SeekAndFind · 19 replies
    ABC News ^ | 01/10/2016
    Macy's is slashing jobs, a harbinger of hard times for retailers after a holiday season that saw a noticeable shift to online shopping and away from physical stores. The nation's largest department store chain, which also operates Bloomingdale's, said late Wednesday it is cutting up to 4,800 jobs and trimming its profit outlook after a miserable holiday season. "I think Macy's is likely to be a canary in a coal mine," said Ken Perkins, president of Retail Metrics, a retail research firm. He said retailers witnessed an acceleration of the shift toward online and mobile holiday spending in 2015. About...
  • Newsflash From The December 2015 ‘Jobs’ Report --- The US Economy Is Dead In The Water

    01/09/2016 9:43:05 PM PST · by SeekAndFind · 9 replies
    Contra Corner ^ | 01/09/2016 | David Stockman
    Here’s a newsflash that CNBC didn’t mention. According to the BLS, the US economy generated a miniscule 11,000 jobs in the month of December.Yet notwithstanding the fact that almost nobody works outdoors any more, the BLS fiction writers added 281,000 to their headline number to cover the “seasonal adjustment.” This is done on the apparent truism that December is generally colder than November and that workers get holiday vacations.Of course, this December was much warmer, not colder, than average. And that’s not the only deviation from normal seasonal trends.The Christmas selling season this year, for example, was absolutely not comparable...
  • Jobs Arrive In December, But Why Still No Pay Raise?

    01/09/2016 7:48:06 PM PST · by SeekAndFind · 10 replies
    IBD ^ | 01/09/2016
    We needed some good news in an otherwise grim week for the economy and stocks and got it in a blockbuster report showing 292,000 new hires in December and a 50,000 upward revision from previous months. The alternative measure used by the Department of Labor based on the household survey, showed job growth was even swifter, with a gain of 485,000. Best of all, nearly half a million Americans on net entered the labor force, helping reverse for now a horrid slide in labor market participation. The participation rate now stands at 62.6%, up from 62.4% in September. But we're...
  • Where The December, 2015 Jobs Were: Minimum Wage Deluge Continues

    01/08/2016 10:03:19 AM PST · by SeekAndFind · 11 replies
    Zero Hedge ^ | 01/08/2016 | Tyler Durden
    Earlier we gave a big picture explanation how the US can add 292,000 while average hourly wages actually decline. Below is a more nuanced answer, looking at the breakdown of jobs by industry in December. It will probably come as no surprise to anyone that for another consecutive month, the well-paying jobs: mining and logging, wholesale trade, manufacturing, and information barely posted a net increase. Alternatively, the worst quality jobs continued to soar, pushed higher once again by none other than education and health, where Obamacare was once again instrumental to propel healthcare jobs by a 52,600 surge in...
  • WHOA! Job creation surges in December

    01/08/2016 9:37:46 AM PST · by SeekAndFind · 22 replies
    CNBC ^ | 01/08/2016 | Jeff Cox
    The U.S. economy closed out 2015 with a huge round of job creation. Nonfarm payrolls grew by 292,000 during December, according to a Bureau of Labor Statistics report Friday that showed employment momentum as the year wound down. The unemployment rate was 5 percent. A separate, more encompassing measure that accounts for those who did not look for work in the past month or were working part time for economic reasons -- the underemployed -- head steady as well, at 9.9 percent. Economists had been expecting 200,000 new positions and the unemployment rate to hold steady. Stock market futures temporarily...
  • ADP estimate: 257,000 private-sector jobs added in December

    01/07/2016 8:41:46 AM PST · by SeekAndFind · 16 replies
    Hotair ^ | 01/07/2016 | Ed Morrissey
    If this comes close to the Bureau of Labor Statistics report on Friday, it will signal a decent if unspectacular start to the New Year. ADP estimates that employers added 257,000 private-sector jobs last month, an increase of 40,000 jobs over its estimate for November, and the best result for all of 2015: Private sector employment increased by 257,000 jobs from November to December according to the December ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP® in collaboration with Moody’s Analytics. The report, which...
  • The Big Lie: 5.6% Unemployment

    01/01/2016 3:22:23 PM PST · by GilGil · 24 replies
    Gallup ^ | 2/3/2015 | Jim Clifton
    Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market. None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department...
  • "All You Americans Are Fired" (Obama illegally increasing HB2 foreign workers)

    12/31/2015 7:57:10 AM PST · by free_life · 37 replies
    BuzzFeedNews ^ | Dec 1, 2015 | Jessica Garrison
    MOULTRIE, Georgia - "All you black American people, *uck you all ... just go to the office and pick up your check," the supervisor at Hamilton Growers told workers during a mass layoff in June 2009. The following season, according to a lawsuit filed by the Equal Employment Opportunity Commission, about 80 workers, many of them black, were simply told: "All you Americans are fired." Year after year, Hamilton Growers, which has supplied squash, cucumbers, and other produce to Wal-Mart and the Green Giant brand, hired scores of Americans, only to cast off many of them within weeks, according to...
  • Obama Preps for Final State of the Union

    12/27/2015 8:54:53 AM PST · by Rockitz · 62 replies
    WeeklyStandard.com ^ | Dec 27, 2015 | Daniel Halper
    Barack Obama is preparing for his final State of the Union Address, which he'll deliver January 12. And the president is not looking to slow down as the end of his presidency nears. "I've got 12 months left to squeeze every ounce of change I can while I'm still in office. And that's what I intend to do," Obama writes in an email to supporters. We've done a lot of remarkable things together this year, and it's because of committed citizens like you that this country keeps moving forward. You keep proving the cynics wrong. On January 12, I'll be...
  • Pew Trust: American Finances on Uncertain Footing

    12/14/2015 6:08:56 PM PST · by Red in Blue PA · 7 replies
    A surprisingly large share of Americans are in a precarious financial state, according to a new, detailed study from The Pew Charitable Trust. For its study, Pew sampled nearly 8,000 individuals, and it found that the typical American household’s finances have not recovered in any substantial way since the downturn, especially in regards to income, savings and covering emergency expenses. Pew’s conclusions have strong implications for the future of housing, so we have spotlighted several of the study’s most notable findings: 1. Income Instability – For the typical U.S. family, earnings have grown just 2 percent from 1999 to 2009, and more than half of U.S....
  • The Ugly Truth Donald Trump Has Exposed

    12/13/2015 2:00:02 PM PST · by SatinDoll · 265 replies
    The Market-Ticker ^ | Dec. 13, 2015 | Karl Denninger
    The fear in both the GOP and Democratic party is visible at the surface when it comes to Trump, and it's not that he's any of what they've accused him of. No, it's really much simpler than that, and both Republican and Democrat parties, along with the mainstream media, are utterly terrified that you, the average American, is going to figure out what underlies all of these institutions in America. No, it's not that they're evil. It's worse, for evil frequently is recognized and fought back yet for decades America has not awakened to what has been going on in...
  • The H1B Visa: Twenty-Five Years of Helping Foreigners Take American Jobs

    12/13/2015 10:30:54 AM PST · by SeekAndFind · 48 replies
    PJ Media ^ | 12/12/2015 | BY IAN SMITH
    Twenty-five years ago, President George H. W. Bush signed into law the Immigration Act of 1990. Instead of reforming the corrosive effects of the Immigration Act of 1965, an act that birthed the mass immigration system we have today, the 1990 act made the situation dramatically worse and make it less likely Americans would fill American jobs.The act raised the annual immigration ceiling from 530,000 to 700,000 (excluding other types of legal entry like refugee admissions) while creating a coterie of new immigrant and guestworker visas, mostly for semi-skilled and unskilled workers.Perhaps the most controversial creation of the 1990 act...
  • "All you Americans are fired": Businesses go to extraordinary lengths to deny jobs to U.S. workers

    12/06/2015 9:42:14 AM PST · by SeekAndFind · 26 replies
    BuzzFeed News Investigation ^ | 12/05/2015 | Jessica Garrison, Ken Bensinger, Jeremy Singer-Vine
    The H-2 guest worker program, which brought in 150,000 legal foreign workers last year, isn't supposed to deprive any American of a job. But many businesses go to extraordinary lengths to deny jobs to U.S. workers so they can hire foreigners instead. A BuzzFeed News investigation. _______________________________________ MOULTRIE, Georgia -- "All you black American people, f___ you all ... just go to the office and pick up your check," the supervisor at Hamilton Growers told workers during a mass layoff in June 2009. The following season, according to a lawsuit filed by the Equal Employment Opportunity Commission, about 80 workers,...
  • The Truth About Unemployment

    12/04/2015 3:56:10 PM PST · by ForYourChildren · 13 replies
    The Huffington Post ^ | December 4, 2015 | Mark Blessington
    It is important to remember that our country was founded on self-employment. Most historians estimate that over 80 percent of adult males in the U.S. were self-employed for the first 50 or more years before and after winning independence. These workers would be excluded from the current labor market definition. This makes no sense at all. As our country changes, so should our concept of how to measure employment. Today's younger generations want self-employment or fulfillment and high flexibility and from their employer. In many ways they are returning to the spirit of our Founders. They want to be independent...
  • Since January The US Has Added 294,000 Waiters & Bartenders, And Zero Manufacturing Workers

    12/04/2015 9:51:43 AM PST · by SeekAndFind · 16 replies
    Zero Hedge ^ | 12/04/2015 | Tyler Durden
    Here is one of the reasons why the Fed is confident the US economy is strong and resilient enough to sustain a rate hike: since January, the US has added 293,900 waiter & bartender positions and zero manufacturing workers.Unless one is an economist, no further commentary is needed. If one is an economist, we eagerly look forward to an extended discussion why one should focus only on the blue line and ignore the red one, debate the adverse impacts of the weather (both hot and cold) on manufacturing, listen to how the collapse of high-paying jobs is actually a...
  • U.S. adds 211k jobs in November, unemployment remains steady at five percent

    12/04/2015 6:36:33 AM PST · by SeekAndFind · 24 replies
    Futures Magazine ^ | 12/04/2015
    Total nonfarm payroll employment increased by 211,000 in November, and the unemployment rate was unchanged at 5.0%, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in construction, professional and technical services, and health care. Mining and information lost jobs. Household Survey Data In November, the unemployment rate held at 5.0%, and the number of unemployed persons, at 7.9 million, was essentially unchanged.During the past 12 months, the unemployment rate and the number of unemployed persons are down by 0.8 percentage point and 1.1 million, respectively. Among the major worker groups, the unemployment rates for adult men (4.7%),...
  • Five reasons why job creation is so weak

    12/02/2015 5:29:44 PM PST · by ForYourChildren · 13 replies
    CNBC ^ | December 2, 2015 | Peter Morici
    The Labor Department is expected to report that the economy added 200,000 jobs in November. That's in line with the average so far this year - 206,000 - but below the 2014 monthly pace of 260,000. The unemployment rate is down to 5.0 percent from the recession high of 10 percent, largely because fewer adults are looking for work. Since the recovery began, GDP growth has averaged 2.1 percent and the economy has added 12.6 million jobs. Growth should pick up to 2.5 to 3 percent next year, but here are five reasons why jobs creation will still disappoint. 1....
  • Trump Goes Black

    12/02/2015 8:26:49 AM PST · by GonzoII · 31 replies
    Life Zette ^ | Aaron Stanley
    GOP upstart shocks with outreach to blacks, the real reason for MSM vitriol Donald Trump's outreach effort to black leaders this week was portrayed as a botched and bungled meeting, a circus in which the mouthy billionaire declared that the 100-plus pastors in attendance would be endorsing his bid to grab the GOP presidential nomination, only to have the men of God themselves say, not so fast, Donny T. The cables and the networks and the newspapers mocked the meet-and-greet, even before it happened. And here's why: Trump had shocked again. This non-candidate who has no business running for president...
  • Trump insists 'most' black pastors endorsing him [Pastor: Everybody...in room likes Donald Trump]

    12/01/2015 7:13:05 AM PST · by GonzoII · 12 replies
    The Hil ^ | - 11/30/15 05:10 PM EST | Lisa Hagen
    Donald Trump is insisting that "most" of the 100 black pastors he met with on Monday are endorsing him for president. "I thought it was an amazing meeting. I met some fantastic people," Trump said following the private meeting at Trump Tower. The GOP presidential front-runner had canceled a planned press conference on Sunday where he was to have highlighted the endorsements of 100 black religious leaders. He did so after several of the pastors denied they were endorsing Trump for president. Darrell Scott, a pastor at the New Spirit Revival Center in Cleveland Heights, Ohio, stood by Trump's side...
  • Fourth Turning - Social & Cultural Distress Dividing The Nation (20% of households on food stamps)

    11/29/2015 9:58:32 AM PST · by GilGil · 31 replies
    ZeroHedge ^ | 11/28/2015 | Tyler Durden
    There is nothing more volatile to societal stability than millions of unemployed men, growing angry and resentful towards the ruling class for their lot in life. A simmering rage is bubbling below the surface as 20% of American households rely on food stamps to survive, the percentage of Americans in the labor force stands at a four decade low... The rise of Donald Trump and Ben Carson in the early polls for Republican presidential candidate is being fueled by a rising anger and discontent with the corporate media promoting offensive social agendas, the flaunting of the Constitution by a president...
  • Voters statewide, in city see April's unrest differently [Baltimore]

    11/24/2015 3:57:13 AM PST · by markomalley · 9 replies
    Baltimore Sun ^ | 11/23/15 | Luke Broadwater
    Looking back at the unrest that followed Freddie Gray's death, Baltimore voters see events differently than do voters statewide, a new poll shows.City voters are less likely to sympathize with police, and they are more likely to see joblessness and racism as a cause of April's unrest, according to a poll of likely voters conducted for The Baltimore Sun and the University of Baltimore.Those living outside the city are more likely to blame "a lack of personal responsibility among residents" for the city's ills.The divided opinions were most pronounced when respondents were asked for their opinions of how Baltimore State's...
  • 10 Things Americans Are Worried About More Than Global Warming

    11/25/2015 6:18:35 AM PST · by george76 · 16 replies
    Independent Journal ^ | October 2015 | Chris Martin
    Respondents were given a list of 88 things that could inspire fear. These entries ranged from world problems (like war, terrorism, nuclear attacks) to practical fears (murder, death, unemployment) to uncommon phobias (zombies, clowns, ghosts). ... Also on the list was global warming, which leading Democratic candidates have said is the biggest threat facing Americans today. But the American Fears survey revealed a much different opinion on the topic, with only 30.7% of respondents saying that global warming made them either afraid or very afraid. Global warming did not even make the top twenty. Here are some things Americans are...
  • America's sentiment towards the jobs market has turned: They have lost faith in it

    11/24/2015 7:41:18 AM PST · by SeekAndFind · 12 replies
    Business Insider ^ | 11/24/2015 | Akin Oyedele
    Americans are losing faith in the jobs market. The Conference Board's consumer confidence index for November, released on Tuesday, unexpectedly fell to 90.4, a 14-month low. Economists had estimated that the index rose to 99.5 in November, from an upwardly revised 99.1 print (from 97.6) in October. The Conference Board's Lynn Franco explained in the report: "The decline was mainly due to a less favorable view of the job market. Consumers' appraisal of current business conditions, on the other hand, was mixed. Fewer consumers said conditions had improved, while the proportion saying conditions had deteriorated also declined. Heading into 2016,...
  • ECONOMIST: 'Jobs market is literally on fire in most states in the union'

    11/23/2015 8:46:37 AM PST · by SeekAndFind · 43 replies
    Business Insider ^ | 11/23/2015 | Andy Kiersz
    The US Bureau of Labor Statistics just released its monthly estimates of unemployment rates in all 50 US states and the District of Columbia, and things are looking pretty good. The bureau noted that unemployment rates fell in 32 states and Washington, DC, went up in just three states, and stayed the same as September in 15 states. Unemployment in every state and DC was below 7%, indicating increasingly healthy labor markets across the nation. The Bank of Tokyo-Mitsubishi's chief financial economist, Chris Rupkey, circulated an email after the report with the title "Jobs market is literally on fire in...
  • Where Have All the Workers Gone?

    11/17/2015 6:44:27 AM PST · by SeekAndFind · 6 replies
    RCM ^ | 11/17/2015 | By Isabel Sawhill
    Employment rates among prime-age workers, especially men, have declined sharply over the last few decades. The Great Recession made matters worse. Recent declines in the unemployment rate have enticed some back into the active labor force but the long-term picture is still discouraging. When we compare the U.S. to other advanced countries, working-age adults are simply not working as much as adults in most European nations. What's going on here? As my colleague Gary Burtless notes, three developments have probably played a role. First, real wages have fallen by 28 percent for high-school educated men since 1980, making work much...
  • Record Number Of Women Now Live In Parents' Basement, Lack Of Weddings Blamed

    11/11/2015 6:34:14 PM PST · by SeekAndFind · 42 replies
    Bloomberg Article via Zero Hedge ^ | 11/11/2015 | Bloomberg Copied By Tyler Durden
    It was less than two months ago that we brought you “The Mystery Of The ‘Missing Inflation’ Solved, And Why The US Housing Crisis Is About To Get Much Worse.” In it, we documented the inexorable rise of rents in America which, thanks to the housing crisis, has gone from being a society of homeowners to a society of renters, wiping out two decades of “progress” on the homeownership rate in the short span of seven years.Of course to a certain extent (scratch that, to a “great” extent), the market sowed the seeds of its own destruction by creating...