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Keyword: unemployment

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  • 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 · 37 replies
    Breitbart ^ | September 28, 2015 | Neil Munro
    President Barack Obama’s 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. “They’re 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 Obama’s broad immigration-boosting alliance with Fortune 500 Companies and the GOP’s 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 · 25 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 Trump’s 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. Trump’s 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 Trump’s 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 wasn’t Trump’s 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. Trump’s distrust of the government’s job statistics isn’t new. In July,...
  • The GOP Immigration Plan to Save Detroit—and 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 state—in his estimation there are far too few of them. In contrast with Republican politicians who want to rein in president Obama’s 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 ....Snyder—a former CEO for Gateway Computer and head of a venture capitalist firm—called 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 college’s president, Jonathan Last, waxed rhapsodic about the results of the policy change in a statement which appeared on Diane Ravitch’s 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 Roosevelt’s 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 Obama’s Department of Homeland Security (DHS) after the agency pushed through, during a previously aimed at bringing over highly sought-after “intracompany transferees” from American firms’non-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 Obama’s 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 Midwest’s 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 I’ve been with my current employer, how long I’ve had my license, or how long I’ve 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: It’s 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 yesterday’s 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 Grandma’s 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 family’s 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...
  • Total Job Cuts in 2015 To Be Biggest Since 2009: Challenger

    09/03/2015 8:20:56 AM PDT · by SeekAndFind · 5 replies
    Zero Hedge ^ | 09/03/2015 | Tyler Durden
    Moments ago Challenger reported August job cuts, which at 41,186 were a 60% drop from the 115,730 reported last month (the highest since September 2011), which however was driven by a one-time mass layoffs last month in military staffing. Putting August in its correct perspective, the number was 2.9% higher than the same month a year ago, when 40,010 planned job cuts were announced. What is troubling is that this marks the seventh month this year that the job-cut total was higher than the comparable month from 2014.What is worse is that for all the euphoria about initial claims...
  • Jobless claims rise to two-month high

    09/03/2015 6:47:36 AM PDT · by mykroar · 5 replies
    MarketWatch ^ | 9/3/2015 | Jeffry Bartash
    WASHINGTON (MarketWatch) — The number of Americans who sought unemployment benefits at the end of August rose to a two-month high, but so-called initial claims are still at very low levels that suggest a low rate of layoffs in the economy. Initial jobless claims in the period running from Aug. 23 to Aug. 29 rose by 12,000 to 282,000, the Labor Department said Thursday. That’s the highest level since the end of June. Still, new claims have been under the key 300,000 level for the past six months, the longest streak since 2000. The average of new claims over the...
  • ADP Jobs Data Misses Again, Drops YoY For 7th Month In a Row

    09/02/2015 8:13:54 AM PDT · by SeekAndFind · 3 replies
    Zero Hedge ^ | 09/02/2015 | Tyler Durden
    Following its disapppointing tumble in July (having missed expectations for 6 of the last 7 months), August ADP printed another miss at 190k against expectations of a 200k rise with last month revised lower. As the energy sectyoir continues to bleed jobs at a rate of 10k per month, ADP's Zandi notes that manufacturing jobs growth is all auto-related (which is extremely worryinmg given the size of inventories). Job groiwth was largely driven by small businesses (85k) as opposed to large business (40k) with Service-producing goods drastically outpacing manufacturing job growth (173k to 17k). Perhaps most notably, ADP jobs...
  • U.S. Weekly Jobless Claims Edge Down To 271,000

    08/27/2015 6:35:24 AM PDT · by SeekAndFind · 9 replies
    RT News ^ | 08/27/2015
    First-time claims for U.S. unemployment benefits decreased modestly in the week ended August 22nd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 271,000, a decrease of 6,000 from the previous week's unrevised level of 277,000. Economists had expected claims to dip to 270,000. With the drop, jobless claims partly offset the modest increases seen over the past weeks, although they remain above the more than forty-year low of 255,000 set in the week ended July 18th. Meanwhile, the Labor Department said the less volatile four-week moving average ticked...
  • Welfare Is the Highest Paying Entry-Level Job in 38 States

    08/26/2015 8:30:01 AM PDT · by wildwoodla · 51 replies
    Political Outcast ^ | 8/26/15 | Mack Stetson
    There are obvious problems with giving people “free” money.
  • Jobless claims edge up; labor market still improving

    08/20/2015 7:09:30 AM PDT · by SeekAndFind · 19 replies
    Yahoo Finance Via Reuters ^ | 08/20/2015 | Lucia Mutikani
    The number of Americans filing new applications for unemployment benefits unexpectedly rose last week, but the trend remained consistent with solid labor market momentum that could keep the Federal Reserve on track to raise interest rates this year. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 277,000 for the week ended Aug. 15, the Labor Department said on Thursday. Claims for the prior week were revised to show 1,000 fewer applications received than previously reported. Economists had forecast claims slipping to 272,000 last week. A Labor Department analyst said there were no special factors influencing the...
  • Question du jour: What happens when we DO replace low-skill workers with robots ?

    08/18/2015 5:41:12 AM PDT · by Salgak · 37 replies
    So question du jour (and I'm asking it in several places today: it was set off by the attached link and its' discussion here on FR. . ) Replacing low-skilled workers with automation, and now robots, has been an accellerating trend for over a century now, and really looks like we're soon going to hit the point where the curve goes hyperbolic. (especially with the push for $15/hour for minimum wage. . .) Given that, as more and more skilled jobs are automated out of existence. . . .what do we do about the now-unemployed, and likely permanently unemployable? So...
  • 12 Signs That An Imminent Global Financial Crash Has Become Even More Likely

    08/16/2015 4:24:40 AM PDT · by SkyPilot · 49 replies
    Economic Collapse ^ | 11 Aug 15 | Michael Snyder
    Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled. The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not...
  • Jobless Claims Unexpectedly Rise, Labor Market Strengthens

    08/14/2015 6:37:30 AM PDT · by SeekAndFind · 31 replies
    HNGN ^ | 08/14/2015 | By Jelani James
    U.S. jobless claims rose again for a third straight week but the numbers still indicated that the labor market was still strengthening. The amount of Americans filing for unemployment benefits unexpectedly rose again from the predicted 270,000 last week, but the numbers are still indicative of a strengthening labor market, the government said Thursday. Initial jobless claims, cited when assessing the pace of layoffs, increased by 5,000 to 274,000 for the week ended Aug. 8, the Labor Department revealed Thursday, reported Reuters. Claims for the previous week were adjusted to show 1,000 fewer applications than previously reported. Even though claims...
  • HTC To Cut 15 Percent Of Workforce

    08/13/2015 2:26:39 PM PDT · by robowombat · 10 replies ^ | Thu, 08/13/2015 - 1:39pm | Andy Szal, Digital Reporter
    (AP Photo/Ng Han Guan, File) Taiwanese smartphone maker HTC on Thursday announced plans to lay off 15 percent of its workforce — or about 2,300 people — amid weak demand and sales in China. The cuts will be part of a "strategic realignment" after the company projected a net loss for the current quarter. The plan will trim operating expenditures by 35 percent and shift the company's focus toward premium smartphones, virtual reality and connected lifestyle products. "As we diversify beyond smartphones, we need a flexible and dynamic organization to ensure we can take advantage of all of the exciting...
  • Our Government, Destroyer of Jobs

    08/12/2015 1:53:06 PM PDT · by SeekAndFind · 6 replies
    Of Two Minds ^ | 08/12/2015 | Charles Hugh Smith
    If our government can't destroy all the private-sector jobs directly, it will do so indirectly by borrowing so much money the system collapses.Conventional economists and pundits are puzzled why jobs growth has been so anemic in this "recovery." Here's one factor they overlook: our government. In theory, our government is supposed to encourage private sector job growth. In reality, all the hundreds of pages of regulations are killing job growth, one small business and one job at a time.Correspondent/entrepreneur Ray Z. was kind enough to share his experience of trying to open a bagel shop and create six jobs: "For...
  • Blase Cupich op-ed: Planned Parenthood and the muted humanity of the unborn child

    08/11/2015 9:34:13 PM PDT · by ubipetrusest · 24 replies
    Chicago Tribune ^ | August 3, 2015 | Blase Cupich
    The [Center for Medical Progress investigative] tapes [about the collection and sale of fetal organs and parts] have generated a visceral reaction independent of how they were made or whether Planned Parenthood was making a profit. Rather, the widespread revulsion over the tapes arose because they unmasked the fact that, in our public conversation about abortion, we have so muted the humanity of the unborn child that some consider it quite acceptable to speak freely of crushing a child's skull to preserve valuable body parts and to have that discussion over lunch.... This newest evidence about the disregard for the...
  • July jobs report – 215,000 jobs added, U-3 unchanged at 5.3%

    08/07/2015 8:32:53 AM PDT · by SeekAndFind · 1 replies
    Hotair ^ | 08/07/2015 | Steve Eggleston
    The Bureau of Labor Statistics released the July jobs report, and reported that, on a seasonally-adjusted basis, 215,000 jobs were added in July and the unemployment rate remained at 5.3%. From the official release on employment: Household Survey DataIn July, both the unemployment rate (5.3 percent) and the number of unemployed persons (8.3 million) were unchanged. Over the year, the unemployment rate and the number of unemployed persons were down by 0.9 percentage point and 1.4 million, respectively. Pretty much every employment metric was unchanged, at least when rounded to the nearest tenth of a percent. The U-3 rate,...

    08/07/2015 8:25:39 AM PDT · by GoneSalt · 13 replies
    Breitbart ^ | 8/7/2015 | Caroline May
    The number of people not in the labor force reached another record high in July, according to new jobs data released Friday by the Bureau of Labor Statistics. The BLS reports that 93,770,000 people (16 and older) were neither employed last month nor had made specific efforts to find work in the prior four weeks.
  • Have Men Given Up on Work?

    08/05/2015 8:27:18 PM PDT · by rickmichaels · 49 replies ^ | December 15, 2014 | Dixie Gillaspie
    There is an economic crisis that isn’t much talked about, but which is responsible for a downward spiral that none of us want to see continue. Men are opting out of the workplace. That’s right. According to the U.S. Department of Labor statistics, in the 1950’s about three percent of men between 25 and 54, which is still considered “prime” working age, were unemployed and not seeking employment. In the late 1960’s that had climbed to about five percent. In 2013 it was reported at 12 percent. And the last report placed it at 16 percent. These aren’t just men...
  • US layoffs hit nearly 4-year high in July: Challenger

    08/06/2015 8:29:03 AM PDT · by 11th_VA · 13 replies
    Yahoo Finance ^ | August 6, 2015 | By Tom DiChristopher
    U.S. job cuts soared to a nearly four-year high in July as the military announced plans to reduce troop and civilian workforce payrolls, according to outplacement consultancy Challenger, Gray & Christmas. Employers based in the United States announced 105,696 layoffs last month, the first time monthly reductions exceeded 100,000 since September 2011. A year ago, U.S. companies announced plans to cut 46,887 jobs. The Challenger report comes a day before the Labor Department's crucial July jobs report. A weak report would make it less likely for the Federal Reserve to announce its first interest rate increase in nine years at...
  • Weekly Jobless Claims Rise but Still Low at 270,000

    08/06/2015 8:42:35 AM PDT · by SeekAndFind · 2 replies
    Daily Finance ^ | 08/06/2015 | Josh Boak
    WASHINGTON -- Slightly more Americans filed for unemployment benefits last week, but their numbers remain near historic lows in a sign that the job market is healthy. The Labor Department said Thursday that applications for jobless aid rose 3,000 to a seasonally adjusted 270,000. The four-week average, a less volatile measure, dropped 6,500 to 268,250. That average has fallen nearly 10 percent over the past year, close to levels last seen in 2000. "Initial claims for unemployment insurance have been below 300,000 for 22 straight weeks, the longest such stretch since 1973," said Gus Faucher, senior economist at PNC Financial...
  • Job insecurity is the new normal. Here's how it's affecting your family life

    08/03/2015 12:49:19 PM PDT · by SeekAndFind · 19 replies
    Deseret News ^ | 08/03/2015 | By Lane Anderson
    After World War II, there was a golden era when Americans, especially those that had an education, could expect to have a job and keep it until retirement and retire with an adequate pension. Those days, which Allison Pugh, professor of Sociology at University of Virginia, refers to as the "20-year career and a gold watch" model, are over. Between a competitive global market, recession and job automation, and a switch to part-time and contingent workers, Americans now live in a culture of perpetual job insecurity, where they are easily laid off, at both high and low-level jobs, and can...
  • H-1B Visas: Great for American Companies, Terrible for American Workers

    08/03/2015 5:28:55 AM PDT · by SeekAndFind · 52 replies
    National Review ^ | 08/03/2015 | Ian Tuttle
    In 2013, when it was revealed that a developer was planning to purchase one of the four properties next to Mark Zuckerberg’s Palo Alto, Calif., home, and pitch potential buyers on the idea of living next-door to the founder of Facebook, the 29-year-old multi-billionaire purchased all four residential properties and leased them back to their current occupants, whose neighborly discretion he valued. Businessmen do business to make money. But occasionally, as Mr. Zuckerberg found out firsthand, business ventures have human costs. In a 2013 letter to President Obama and congressional leaders, more than 100 tech executives, Zuckerberg among them,...
  • What Economic Recovery? America’s Children Suffer Post-Recession

    07/30/2015 8:17:01 AM PDT · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | July 30, 2015 | Malcolm A. Kline
    Three universities contributed to a study that shows that children are faring badly in the Obama years, although they stop short of questioning the official unemployment rate. The 2015 Kids Count Data Book, published by the Annie E. Casey Foundation found that “In 2013, nearly a third of children (31 percent) were living in families where no parent had full-time, year-round employment. The child poverty rate has remained stubbornly high. At 22 percent in 2013, it was still several percentage points higher than before the recession.” The report goes on to note that “In 2000, 9 percent of children lived...
  • US weekly jobless claims total 267,000 vs 270,000 estimate

    07/30/2015 7:55:09 AM PDT · by SeekAndFind · 4 replies
    CNBC via Reuters ^ | 07/30/2015
    The number of Americans filing new applications for unemployment benefits increased last week, but remained near cycle lows in a sign that the jobs market was gaining steam. Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 267,000 for the week ended July 25, the Labor Department said Thursday. Claims for the prior week were unrevised at 255,000, which was the lowest level since November 1973. A Labor Department analyst said there were no special factors influencing the data and that only claims for Puerto Rico had been estimated. The four-week moving average of claims, considered a...
  • Report: Illegal Aliens Outnumber Unemployed Americans

    07/29/2015 7:30:52 AM PDT · by conservativejoy · 22 replies ^ | 7/2872015 | Aaron Bandler
    A new report from the Pew Research Center says that the number of illegal aliens in the country currently outnumber unemployed Americans. The Washington Free Beacon has the details: The number of illegal immigrants in the United States totaled 11.3 million in 2014, outnumbering the 9.6 million Americans who were unemployed in the same year, according to data from Pew Research Center and the Bureau of Labor Statistics (BLS). “An estimated 11.3 million unauthorized immigrants lived in the U.S. in 2014,” says a Pew report. “The new unauthorized immigrant total includes people who cross the border illegally as well as...