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Keyword: unemployment

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  • 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 · 14 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...
  • Fury and fear in Ohio as IT jobs go to India

    11/10/2015 6:35:42 AM PST · by Utilizer · 24 replies
    Computerworld ^ | Nov 9, 2015 3:03 AM PT | Patrick Thibodeau
    The IT workers at Cengage Learning in the company's Mason, Ohio offices learned of their fates game-show style. First, they were told to gather in a large conference room. There were vague remarks from an IT executive about a "transition." Slides were shown that listed employee names, directing them to one of three rooms where they would be told specifically what was happening to them. Some employees were cold with worry. The biggest group, those getting pink slips, were told to remain in the large conference room. Workers directed to go through what we'll call Door No. 2, were offered...
  • Why Darkness Has Descended on America Explained for Paul Krugman

    11/09/2015 3:43:36 PM PST · by Kaslin · 17 replies
    Rush ^ | November 9, 2015 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Right here in the New York Times, even today. Paul Krugman -- who hates everything conservative, hates everything Republican, and despises personally Ronald Reagan -- has a piece called, "Despair, American Style." "A couple of weeks ago President Obama mocked Republicans who are 'down on America,' and reinforced his message by doing a pretty good Grumpy Cat impression. He had a point: With job growth at rates not seen since the 1990s, with the percentage of Americans covered by health insurance hitting record highs, the doom-and-gloom predictions of his political enemies look ever more at odds with...
  • Why the unemployment rate could fall to 3.8%

    11/09/2015 4:05:10 PM PST · by ForYourChildren · 60 replies
    MarketWatch ^ | Nov 9, 2015 | Steve Goldstein
    A low of 3.8% could be reached on the jobless rate, one strategist says The current economic recovery has, by most measures, been slower and steadier than almost any that have come before. On the one hand, the expansion has lasted 77 months - the fifth-longest since 1900. On the other, it's taken longer than any recovery since World War II to reach the same growth in output, according to Minneapolis Fed data. But David Kelly, chief global strategist at J.P. Morgan Funds, says the current recovery actually does resemble the others in one respect - the speed at which...
  • October Jobs Report Reality Check: America Still Isn't Working

    11/07/2015 11:15:54 AM PST · by SeekAndFind · 9 replies
    IBD via RCM ^ | 11/06/2015 | Investors Business Daily
    A strong employment report for October hasn't solved a conundrum that has persisted for five years: As jobs are created and the jobless rate falls, the number of Americans in the labor force keeps dropping. The Labor Department reported Friday that, including revisions from August and September, hiring was up a brisk 283,000 - about double the meager pace of recent months. Gains were widespread in industries, including business services, health care, retail, food services and even construction, suggesting a housing bounce. Average wages rose 0.35% to $25.20, indicating many workers got raises. We'd love to see 12 months or...
  • The Most Surprising Thing About Today's Jobs Report: Workers aged 55 and older gained more jobs

    11/06/2015 7:56:17 AM PST · by SeekAndFind · 26 replies
    Zero Hedge ^ | 11/06/2015 | Tyler Durden
    After several months of weak and deteriorating payrolls prints, perhaps the biggest tell today's job number would surprise massively to the upside came yesterday from Goldman, which as we noted earlier, just yesterday hiked its forecast from 175K to 190K. And while as Brown Brothers said after the reported that it is "difficult to find the cloud in the silver lining" one clear cloud emerges when looking just a little deeper below the surface.That cloud emerges when looking at the age breakdown of the October job gains as released by the BLS' Household Survey. What it shows is that...
  • Labor Participation Rate Remains At 37 Year Low As 94.5 Million Remains Outside The Labor Force

    11/06/2015 7:53:18 AM PST · by SeekAndFind · 4 replies
    Zero Hedge ^ | 11/06/2015 | Tyler Durden
    In another sign that the labor market slack, at least from the Fed's perspective, is now reaching a peak, the Household survey reported that while the civilian labor force rose by over 300K in October, the number of people not in the labor force actually declined by 97K to 94.5MM (as those employed rose by 320K), following an exodus from the labor force of over half a million in September. Despite this headline improvement, however, the participation rate remained at 62.4%, same as the prior month, and at a level last seen in 1977. Elsewhere, the civilian employment to...
  • Labor Force Participation Sinks To A 38-Year Low

    10/02/2015 6:23:08 AM PDT · by blam · 13 replies
    BI ^ | 10-2-2015 | Andy Kiersz
    Andy KierszOctober 2, 2015 The September jobs report was broadly disappointing, with very few points of optimism. Along with non-farm payrolls and wage growth missing expectations, the civilian labor force participation rate the percentage of the US population that is either working or looking for a job fell by 0.2 percentage points to 62.4%. This is the lowest reading since October 1977.(snip)
  • U.S. Economy Added 271,000 Jobs in October; Unemployment Rate Down to 5.0%

    11/06/2015 6:24:20 AM PST · by SeekAndFind · 69 replies
    New York Times ^ | 11/06/2015 | By NELSON D. SCHWARTZ
    The American economy added 271,000 jobs in October, a very strong showing that makes an interest-rate increase by the Federal Reserve much more likely when policy makers meet next month. The report on hiring and unemployment, released Friday by the Labor Department, was eagerly anticipated on Wall Street, where traders and economists have been sifting each new bit of economic data for any augury of the central bank’s course. The unemployment rate dipped to 5.0 percent, from 5.1 in September. At this level, the unemployment rate is close to what would normally be considered the threshold for full employment by...
  • U.S. jobless claims rise; third-quarter productivity posts surprise gain

    11/05/2015 6:55:27 AM PST · by Olog-hai · 22 replies
    Reuters ^ | Thu Nov 5, 2015 9:16am EST | Lucia Mutikani
    New U.S. applications for unemployment benefits last week recorded their largest increase in eight months, but remained at levels consistent with a fairly healthy labor market. Other data on Thursday showed a surprise gain in productivity in the third quarter after a drop in self-employment contributed to overall hours worked falling for the first time in six years, restraining labor-related production costs. Initial claims for state unemployment benefits rose 16,000 to a seasonally adjusted 276,000 for the week ended Oct. 31, the Labor Department said. It was the largest weekly increase since late February. ...
  • Bad News From Those Good Unemployment Numbers

    10/25/2015 8:04:17 AM PDT · by Kaslin · 19 replies ^ | October 25, 2015 | Bruce Bialosky
    Wow, did you see the new jobs numbers? Unemployment is down to 5.1%. In the current definition of full employment (during the 1960s it was a 4% unemployment rate) we are getting near that point. In fact, the unemployment rate is now lower than it was anytime during the Reagan presidency. We have had 67 consecutive months of job growth. The unemployment rate has dropped almost 5% from the high point of the Obama administration in October 2009. With all this good news why are things so bad? You may have heard something about a controversy regarding the unemployment numbers....
  • Illinois ranks high for creating lawsuits, not jobs

    10/24/2015 7:33:38 AM PDT · by KeyLargo
    ILLINOIS REVIEW ^ | October 23, 2015 | Travis Akin
    Friday, October 23, 2015 Akin: Illinois ranks high for creating lawsuits, not jobs By Travis Akin - The University of Illinois football team is struggling once again this year, mired at the bottom of the Big Ten and near the bottom of numerous national rankings. Similarly, the State of Illinois is stuck near the bottom of another set of rankings, only these rankings reflect not just lost games but lost jobs and thus are important to every person living in Illinois. These important but depressing rankings come from a new national study that confirms Illinois status as a lawsuit haven,...
  • 6.5M More Students With Bachelor's Degrees Than Jobs Available

    10/21/2015 11:56:55 AM PDT · by SeekAndFind · 44 replies
    HNGN: Headlines and Global News ^ | 10/21/2015 | Taylor Tyler
    There are currently 6.5 million more students in the U.S. with bachelor's degrees than there are jobs available that require such degrees, including jobs expected to be created by 2022, according to data from the Bureau of Labor Statistics (BLS), but the Obama administration is still expanding programs to encourage even more foreign students to stay in the U.S. and work after graduation. There were 35,632,000 Americans age 25-64 with bachelor's degrees in 2014. If you include people age 20-24 and 65 years and older, the number grows to 45,176,000, according to the BLS statistics, reported The Washington Free Beacon....
  • Janet Yellen's "Favorite" Labor Indicator Tumbles: Job Openings Drop Most Since 2009

    10/16/2015 9:02:31 AM PDT · by SeekAndFind · 8 replies
    Zero Hedge ^ | 10/16/2015 | Tyler Durden
    One month ago, when the JOLTS data showed the highest number of job openings in history, rising by a near record 430,000 to 5.8 million vacant positions, most speculated that this data - considered to be Janet Yellen's favorite indicator of slack in the labor market now that the unemployment rate has become utterly unreliable due to the 94 million Americans out of the labor force - had sealed the fate of a September rate hike. It did not, as instead the Fed decided to shift to its 4th mandate (the 3rd being the stock market), namely the "global...
  • Initial Jobless Claims Plunge To 42 Year Lows, Despite Surging Job Cuts

    10/15/2015 8:03:48 AM PDT · by SeekAndFind · 7 replies
    Zero Hedge ^ | 10/15/2015 | Tyler Durden
    The yawning gap between job cuts (surging most since 2009) and initial jobless claims (hovering near 42 year lows) continues to grow as initial jobless claims collapse 7k this week to 255k - the lowest since 1973. Bear in mind, Goldman's explanation that jobless claims are useless in this part of the business cycle..."this does not signal a booming labor market." Charts: BloombergBut as Goldman Sachs confirms... "this does not represent a booming labor market"Although payroll employment growth has slowed in recent months, initial claims for unemployment insurance benefits remain very low. The four-week moving average of initial claims has...
  • Labor coalition calls for minimum wage higher than $15 per hour

    10/13/2015 8:39:53 AM PDT · by 2ndDivisionVet · 30 replies
    Al Jazeera ^ | October 13, 2015 | Ned Resnikoff
    Analysis: With $15 minimum wage campaign gaining political traction, group says workers need more for a living wage. As the nationwide campaign for a $15 hourly minimum wage gains traction, some labor groups have set their sights on an even higher number: $16.87 a demand that could help push the $15 figure closer to the mainstream of American politics. A new report, published Tuesday, from the Alliance for a Just Society, a coalition of labor organizations, argues that $15 an hour is less than a living wage in most states. A single, childless adult earning $15 per hour would...
  • Government On Hiring Spree As Private Job Gains Fade

    10/09/2015 3:33:55 AM PDT · by expat_panama · 21 replies
    Government is again behind the curve in adapting to changes in the economy, ramping up hiring even as weakening global demand prompts private employers to tap the brakes. If the trend continues, governments could find themselves with more staff than they can afford and eventually a new cycle of budget shortfalls and painful cutbacks. The slowdown in China and other economies has knocked the wind out of exports and commodity prices and slowed private-sector hiring to its weakest level in more than three years. But state and local governments are adding jobs at the fastest pace since the recession....
  • Despite Surging Job Cuts, Initial Jobless Claims Tumble Back Near 42 Year Lows

    10/08/2015 7:47:59 AM PDT · by SeekAndFind · 14 replies
    Zero Hedge ^ | 10/08/2015 | Tyler Durden
    Job cuts have already surpassed last year's total, according to Challenger, Gray & Christmas with the highest annual total since 2009, when nearly 1.3 million layoffs were announced at the tail-end of the recession... so how does the government explain the fact that initial jobless claims have once again re-tumbled back to close to 42-year lows...Initial claims dropped 13k this week to 263k - just shy of the lowest levels sicne 1973...As Job cuts soar...One of these is lying... The third quarter ended with a surge in job cuts, as U.S.-based employers announced plans to shed 58,877 in...
  • Obama Prepares Give-Away of White-Collar Jobs And Citizenship To Foreign Graduates

    10/07/2015 8:00:06 PM PDT · by bushwon · 40 replies
    Breitbart ^ | September 28, 2015 | Neil Munro
    President Barack Obamas deputies are quietly hacking a gap through immigration regulations to allow them to import hundreds of thousands of university-trained foreign workers for jobs sought by American college grads. Theyre bending immigration law until it almost breaks, says Ian Smith, a lawyer at the Immigration Reform Law Institute. The Obama-hack, he added, should be fixed by Congress or a judge The regulatory hack is part of Obamas broad immigration-boosting alliance with Fortune 500 Companies and the GOPs establishment. In 2013 and 2014, most but not all of his prior amnesty and immigration plans were blocked by...
  • Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job

    10/07/2015 7:15:45 AM PDT · by SeekAndFind · 28 replies
    TEC ^ | 10/07/2015 | Michael Snyder
    The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation. For the month of September, the federal government told us that 142,000 jobs were added to the economy. If that was actually true, that would barely be enough to keep up with population growth. Sadly, the truth is that the real numbers were actually far worse than that. The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a million Americans to the “not in the labor force”...
  • What Happens to our Economy as Millions of People Lose the Habits of Hard Work?

    10/07/2015 7:09:55 AM PDT · by SeekAndFind · 18 replies
    Of Two Minds ^ | 10/07/2015 | Charles Hugh Smith
    If we're going to dig our way out of what lies ahead, we need people who can work hard and start/operate new businesses.Simply put, job growth is not keeping pace with population growth--specifically, the growth of the labor force which is generally defined as the population between the ages of 18 and 64.So what happens to the economy as millions of people never acquire the habits of hard work or lose them due to chronic joblessness?Yesterday I presented data on not in the labor force, which is defined as "persons aged 16 years and older in the civilian noninstitutional population...
  • Fed official: Strong economy nears full employment and higher interest rates

    10/06/2015 5:10:53 PM PDT · by ForYourChildren · 45 replies
    San Jose Mercury News ^ | 10/06/2015 | George Avalos
    SAN FRANCISCO -- The U.S. economy is nearing full employment, setting the stage to ease some of the stimulus from low interest rates that's been the foundation of the nation's monetary policy, a key member of the Federal Reserve told a gathering in San Francisco on Tuesday. "Looking forward, I expect we will reach our maximum employment mandate in the near future and inflation will gradually move back to our 2 percent goal," John Williams, president of the Federal Reserve Bank of San Francisco, said to the Urban Land Institute conference. That could potentially point to a change in the...
  • Trump: Unemployment Rate As High As 40%

    09/28/2015 11:05:48 AM PDT · by TigerClaws · 80 replies
    At Trump Tower, only a few blocks away from the meeting of world leaders at the United Nations, GOP presidential frontrunner Donald Trump announced his new plan to reform the U.S. tax code. After the main announcement, he took questions from the press. On how his plan would address income inequality: TRUMP: In terms of income inequality, we're going to create a lot of jobs. You know, right now we have a false [unemployment rate] 5.4%, 5.3%, 5.6%, every month it is different. It is such a phony number. Because when people look and look and look and then they...
  • Strange bedfellows: Donald Trump and the white working class

    08/23/2015 9:05:46 PM PDT · by 2ndDivisionVet · 68 replies
    Reuters ^ | August 23, 2015 | Justin Gest
    Republican presidential candidate Donald Trump clearly prides himself in shunning focus-group research. He refuses big campaign donations that he asserts make his opponents beholden to special interests. He seems to target no specific constituency. Many pollsters remain puzzled by Trumps political appeal. Republican support for Donald Trump just continues to grow, said Patrick Murray, director of Monmouth Polling after its August survey, with no clear sense of who his constituency really is. Yet a constituency is emerging. Trumps strongest supporters, roughly a quarter of Republican voters across the polls, are not dissuaded by any increased media scrutiny of their candidate....
  • Donald Trump Claims The 'Real' Unemployment Rate Is 18%. Here's What Wall Street Says.

    08/06/2015 11:47:59 AM PDT · by wtd · 52 replies
    Forbes ^ | August 6, 2015 | Dan Diamond
    Donald Trump Claims The 'Real' Unemployment Rate Is 18%. Here's What Wall Street Says.After Donald Trump announced his latest bid for the presidency, I reached out to get details on Trumps plan to replace Obamacare, and posted that interview on FORBES last week. But for many FORBES readers, the most eye-catching part of the interview wasnt Trumps plan for health care. It was what the Trump campaign said about unemployment. Mr. Trump believes that the real unemployment rate is over 18%, not the reported 5.5%, a spokesperson told me. Trumps distrust of the governments job statistics isnt new. In July,...
  • The GOP Immigration Plan to Save Detroitand Syria (50,000 refugees)

    10/04/2015 7:07:18 AM PDT · by opentalk · 23 replies
    Politico Magazine ^ | September 29, 2015
    Michigan Gov. Rick Snyder, a Republican, is upset about the number of immigrants in his statein his estimation there are far too few of them. In contrast with Republican politicians who want to rein in president Obamas executive actions on immigration, the governor asked the Obama Administration early last year to use its executive powers to designate 50,000 extra visas to the Detroit metro area for high-skilled immigrants. Citing population loss and the need to jumpstart the Motor City economically ....Snydera former CEO for Gateway Computer and head of a venture capitalist firmcalled on his state to embrace immigration.
  • Big miss: U.S. added only 142K jobs in September

    10/02/2015 5:45:28 AM PDT · by John W · 28 replies ^ | October 2, 2015 | CBS/AP
    <p>The U.S. economy added only 142,000 jobs last month, the Labor Department said Friday. The unemployment rate remained unchanged at 5.1 percent.</p> <p>Analysts had forecast growth of a much more robust 206,000 jobs and an unchanged unemployment rate.</p> <p>Wages were flat in In September, with average hourly earnings at $25.09, following a 9-cent gain in August. Hourly earnings have risen by 2.2 percent over the year. Average hourly earnings of private-sector production and nonsupervisory employees were unchanged at $21.08 in September, the department said.</p>
  • Payrolls Disaster: Only 142K Jobs Added In September Zero Wage Growth; August Revised Much Lower

    10/02/2015 6:22:25 AM PDT · by SeekAndFind · 21 replies
    Zero Hedge ^ | 10/02/2015 | Tyler Durden
    And so the "most important payrolls number" at least until the October FOMC meeting when the Fed will once again do nothing because suddenly the US is staring recession in the face, is in the history books, and as previewed earlier today, at 142K it was a total disaster, 60K below the consensus and below the lowest estimate. Just as bad, the August print was also revised far lower from 173K to 136K. And while it is less followed, the household survey was an unmitigated disaster, with 236,000 jobs lost in September.Putting it into perspective, in 2015 job growth...
  • Participation Rate Crashes To October 1977 Level: Americans Not In Labor Force Soar By 579,000

    10/02/2015 6:19:48 AM PDT · by SeekAndFind · 13 replies
    Zero Hedge ^ | 10/02/2015 | Tyler Durden
    While the September jobs number was an absolute disaster, here is the real punchline: in September, the people not in the labor force soared by a whopping 579,000 to a record 94.6 million, up from the previous record 94.0, even as number of people employed - according to the household survey used to calculate the "5.1%" unemployment rate - tumbled by 236,000 to 148.8 million.And as a result of this latest surge in people who aren't working, nor want to work, the participation rate crashed yet again, and sliding from 62.6% to 62.4%, it was the lowest since October...
  • Weekly Jobless Claims Rise More than Forecast

    10/01/2015 9:13:41 AM PDT · by SeekAndFind · 12 replies
    Fox News ^ | 10/01/2015
    The number of new applications for U.S. jobless benefits rose modestly last week and a gauge of the trend in claims fell, pointing to ongoing tightening in the labor market that could push the Federal Reserve to raise interest rates. Initial claims for state unemployment benefits rose 10,000 to a seasonally adjusted 277,000 for the week ended Sept. 26, the Labor Department said on Thursday. It was the 30th straight week that claims remained below the 300,000 threshold, which is usually associated with a strengthening labor market. The four-week moving average of claims, a closely followed trend measure because it...
  • A World without SATs

    09/30/2015 12:29:36 PM PDT · by Academiadotorg · 15 replies
    Accuracy in Academia ^ | September 30, 2015 | Malcolm A. Kline
    Last year, Hampshire College became the first institution of higher learning in the country to categorically reject using SATs as an admissions requirement. The colleges president, Jonathan Last, waxed rhapsodic about the results of the policy change in a statement which appeared on Diane Ravitchs blog: Our yield, the percentage of students who accepted our invitation to enroll, rose in a single year from 18% to 26%, an amazing turnaround; The quantity of applications went down but the quality went up, likely because we made it harder to apply, asking for more essays; Our applicants collectively were more...
  • Donald Trump's wild claim: Unemployment is 42%

    09/28/2015 5:47:46 PM PDT · by 2ndDivisionVet · 93 replies
    CNN Money ^ | September 28, 2015 | Heather Long
    The official U.S. unemployment rate is 5.1% -- the lowest in seven years -- but Donald Trump calls that a "joke." On Monday, he claimed he'd seen numbers that show America's real unemployment rate is as high as 42%. How does he arrive at such a wild figure? Trump appears to be looking at the number of American adults not working. Period. Out of about 251 million American adults, roughly 102 million -- or 40.6% -- aren't working. But, of course, there are a lot of reasons people don't work. They could be disabled, in college, at home raising kids...
  • Unemployment keeps going down. So why aren't wages going up?

    09/22/2015 5:50:23 PM PDT · by ForYourChildren · 51 replies
    CNN ^ | September 21, 2015 | Heather Long
    Pay hasn't budged in years. It's a problem that goes far beyond those earning minimum wage and fighting for $15 an hour. The middle class is stagnating too. American household income is just shy of $54,000. It's barely moved from where it was 20 years ago. In recent years, many economists and the Federal Reserve have said: Don't worry! Wage increases are coming along with a better economy. "The economy has been performing well. And we expect it to continue to do so," Fed chair Janet Yellen, America's top economic policymaker, said Thursday. But Main Street Americans can hardly draw...
  • New Deal with Stacked Deck

    09/22/2015 10:30:42 AM PDT · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | September 22, 2015 | Malcolm A. Kline
    A high school teacher who has worked in Oregon and Manhattan is determined to pass on his history of the Great Depression. By the end of Roosevelts first two terms in office, nonagricultural private-sector workers had the right to organize unions and the National Labor Relations Board was created to enforce that right, Adam Sanchez writes in the Fall 2015 issue of Rethinking Schools. The unemployed had access to a new, permanent system of unemployment insurance, and the elderly could rely on social security. Millions of people were put back to work through federal jobs programs. Sanchez, who teaches at...
  • Obama Administration Unilaterally Rewrites Immigration Law - Again

    09/21/2015 9:00:26 PM PDT · by bushwon · 52 replies
    National Review Online ^ | September 21, 2015 | Ian Smith
    Administration lawyers reinterpret the law to greatly increase visas for technology firms. Last week Senate Judiciary Committee chairman Chuck Grassley hit back against Obamas Department of Homeland Security (DHS) after the agency pushed through, during a previously aimed at bringing over highly sought-after intracompany transferees from American firmsnon-immigrant worker visas) the Obama administration, at the behest of Big Tech lobbyists, has told its agency lawyers to think up a clever alternative. In a strongly worded letter to Obamas immigration authorities, Grassley, a 35-year Senate veteran, closely outlines the legal and practical faults of the new policy and demands answers from...
  • Is This The True State Of The US Labor Market? [BLS vs Company CEOs]

    09/15/2015 1:06:51 PM PDT · by SeekAndFind
    Zero Hedge ^ | 09/15/2015 | Tyler Durden
    Despite all the confidence-inspiring propaganda from any and every mainstream talking-head, CEOs are cautious about the U.S. economy’s near-term prospects and are trimming business plans for hiring and capital investment over the next six months. According to The Business Roundtable, the CEO Economic Outlook Index tumbled 7.2 pts, from 81.3 in Q2 to 74.1 in Q3... “The downward trend in CEO plans for investment and hiring continues to reflect reasonable caution regarding near-term prospects for modest U.S. growth,” said Randall Stephenson, chairman of Business Roundtable and chairman and CEO of AT&T Inc. Stephenson noted that business plans could be...
  • Government workers outnumber manufacturing workers in Illinois

    09/14/2015 8:06:11 AM PDT · by KeyLargo · 21 replies
    ILLINOIS REVIEW ^ | September 14, 2015 | Michael Lucci
    Monday, September 14, 2015 Government workers outnumber manufacturing workers in Illinois By Michael Lucci / Illinois Policy Institute - The top-producing states of the Midwests manufacturing powerhouse are Illinois, Indiana, Michigan, Ohio and Wisconsin. But Illinois is the only one of the Great Lakes states where government workers dramatically outnumber manufacturing workers, according to data from the Bureau of Labor Statistics. As of June 2015, Illinois had only 574,000 factory workers, compared with nearly 750,000 state and local government workers. That means Illinois had only 3 manufacturing workers for every 4 state and local government workers.
  • Young Black Men in Crisis

    09/09/2015 10:25:41 AM PDT · by Kaslin · 25 replies ^ | September 9, 2015 | Star Parker
    Why does it surprise anyone when chaos reigns in America's inner cities when it just reflects the chaos now reigning in our whole country? I open my dictionary to the word "civilize" and I read: "1. to bring out of a condition of savagery or barbarism; to instruct in the ways of an advanced society. 2. to better the habits or manners of; refine." Somehow it's lost in today's liberal-controlled America that a civilized society does not emerge spontaneously from individuals giving maximum vent to their impulses. Civilization is the product of living by truths and rules, received through tradition,...
  • Labor and the State: A Lesson in Counter-Productivity

    09/08/2015 4:04:32 PM PDT · by jfd1776 · 1 replies
    Illinois Review ^ | September 8, 2015 A.D. | John F. Di Leo
    Like many speakers, as a starting point for anecdotes, or as an establishment of credentials, I sometimes start out my lectures by mentioning how long Ive been with my current employer, how long Ive had my license, or how long Ive been in my industry. Last week, I caught myself as I mentally added up the latter, and realized that I have been in the workforce now for forty-four years. Yes, that IS a long time for a 52-year-old. But it is probably a story worth recounting, particularly when Labor Day rolls around, because as I think back on my...
  • 698,000 Native-Born Americans Lost Their Job In August: Why This Is The Most Important Jobs Chart

    09/08/2015 8:14:38 AM PDT · by SeekAndFind · 12 replies
    Zero Hedge ^ | 09/08/2015 | Tyler Durden
    After the Fed admitted over a year ago that the US unemployment rate (which in 2012 was supposed to be a rate hike "threshold" once it hit 6.5% and is now at 5.1%) has become irrelevant in a country where a record 94 million people have left the labor force, and with the Fed poised to hike rates even though US hourly wages have not only not increased for the past 7 years, but for the vast majority of the labor force continue to decline, some have asked - is there any labor-related chart that matters any more?The answer:...
  • Working: Its SO Overrated.

    09/07/2015 8:24:25 AM PDT · by NOBO2012 · 4 replies
    Michelle Obama's Mirror ^ | 9-7-2015 | MOTUS
    Well, I see yesterdays post created controversies over everything from true conservative principles to a proper potato salad. It was a lot of fun! And just for the record, my potato salad was made to the specifications of my Irish Grandmas decades old recipe: potatoes, chopped hard cooked eggs, sweet onion, celery, radish and (secret ingredient) cubed seeded cucumber in a dressing of mayo/sour cream. Perhaps different from your familys favorite, butt as pbird said: we sure like it.I surmise from the comments that there are as many versions of potato salad out there as there are grandmas. And almost...
  • If You Really Want To Know The Truth About The Unemployment Rate Read This Article

    09/05/2015 4:30:10 PM PDT · by SeekAndFind · 10 replies
    End of the American Dream ^ | 09/05/2015 | Michael Snyder
    The Obama administration is telling us that the unemployment rate in the United States has fallen to 5.1 percent, but does that number actually bear any resemblance to reality? On Friday, news outlets all over America celebrated the fact that the U.S. economy added 173,000 jobs in August. We were told that the unemployment rate has fallen to a seven year low and that wages are going up. So everything must be getting better for the middle class, right? After all, isn’t that what the official numbers are telling us? The financial markets are buzzing over this news because...
  • 24,914,000 Foreign-Born Workers Employed While Native-Born Lose Jobs

    09/04/2015 5:31:26 PM PDT · by markomalley · 49 replies
    Washington Free Beacon ^ | 9/4/15 | Ali Meyer
    While the number of foreign-born individuals holding jobs increased in August, the number of employed native-born workers fell, according to data released Friday by the Bureau of Labor Statistics (BLS).There were 24,914,000 foreign-born individuals employed in August, up 204,000 from the previous month. According to the BLS, a foreign-born worker may be undocumented because the data does not distinguish between legal or illegal immigrants.The foreign-born include legally-admitted immigrants, refugees, temporary residents such as students and temporary workers, and undocumented immigrants. The survey does not separately identify the numbers of persons in these categories, according to the BLS.While employment increased for...
  • Record 94 Million Americans Not In The Labor Force; Participation Rate Lowest Since 1977

    09/04/2015 6:46:49 AM PDT · by SeekAndFind · 24 replies
    Zero Hedge ^ | 09/04/2015 | Tyler Durden
    While the kneejerk headling scanning algos are focusing on the seasonally-adjusted headline monthly NFP increase which came in a worse than expected 173K, the presidential candidates - especially the GOP - are far more focused on another data point: the labor force participation rate, and the number of Americans not in the labor force. Here, they will have some serious ammo, because according to the BLS, the main reason why the unemployment rate tumbled to the lowest since April 2008 is because another 261,000 Americans dropped out of the labor force, as a result pushing the total number of...
  • US Economy Adds 173,000 Jobs In August 2015, Unemployment Rate Falls To 5.1%

    09/04/2015 6:30:22 AM PDT · by SeekAndFind · 36 replies
    International Business Times ^ | 09/04/2015 | By Jessica Menton
    U.S. employers added 173,000 jobs in August, fewer than widely expected, but the unemployment rate still edged down to 5.1 percent, its lowest level since April 2008, the Labor Department said Friday. Meanwhile, wage growth -- which has been stagnant for years -- edged up slightly more than anticipated to 2.2 percent. Somewhat troubling, though, the labor force participation rate continues to drop, which indicates more Americans giving up on finding work. The report was forecast to show employers adding 220,000 jobs last month and the unemployment rate was expected to fall to at 5.2 percent, according to analysts polled...