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Keyword: unemployment

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  • Unemployment rates fall in 21 US states last month

    04/18/2014 9:21:59 AM PDT · by SeekAndFind · 11 replies
    Washington Post ^ | 04/18/2014
    More than two-thirds of the states reported job gains in March, as hiring has improved for much of the country during what has been a sluggish but sustained 4 1/2-year recovery. The Labor Department said Friday that unemployment rates dropped in 21 states, rose in 17 and were unchanged in the remaining 12. Meanwhile, hiring increased in 34 states and fell in 16. The unemployment rate varies from as low as 2.6 percent in North Dakota to as much as 8.7 percent in Rhode Island. South Carolina has experienced the sharpest rate decline over 12 months to 5.5 percent from...
  • California adds 11,800 jobs, unemployment rate rises slightly to 8.1%

    04/18/2014 9:14:18 AM PDT · by SeekAndFind · 8 replies
    Los Angeles Times ^ | 04/18/2014 | Shan Li
    California's economy added 11,800 net new jobs in March, a meager showing after robust gains the month before, the Bureau of Labor Statistics reported Friday. Although the Golden State gained some jobs, the unemployment rate ticked up slightly to 8.1% from 8% a month earlier, according to the data.
  • "Ownership Increasingly More Important Than The Job", says Reagan's economist

    04/17/2014 9:18:21 AM PDT · by se99tp · 7 replies
    ChristianConceptsDaily ^ | April 17th, 2014 | Dr. Norman Kurland
    The rich are not the problem, the greedy are not the problem, the crooked are not the problem - the problem is the system that brings them about. If the system is ours, the system means by the people, of the people, for the people, then now it is time to take it back. Now it is time to demand that it would be changed.
  • Jobless claims inch up, but remain near 7-year low

    04/17/2014 6:29:40 AM PDT · by SeekAndFind · 25 replies
    MSNBC ^ | 04/17/2014 | Steve Benen
    Initial unemployment claims improved unexpectedly last week to a level unseen in seven years, and though the new figures from the Labor Department aren’t quite as good, they’re close. The number of people who applied for unemployment-insurance benefits ticked up by 2,000 to 304,000 in the week that ended April 12, a slight increase from the lowest level since 2007, signaling that employers are maintaining a slow pace of layoffs, according to government data released Thursday. Economists polled by MarketWatch had expected claims to total a seasonally adjusted 315,000 in the latest weekly data. The average of new claims over...
  • New York no longer worst state to do business

    04/16/2014 11:44:32 AM PDT · by george76 · 16 replies
    Crain Communications ^ | April 15, 2014 | Jeremy Smerd
    That honor now goes to New Jersey. Tax reforms passed in the latest budget represent big improvements for corporations, but not so much for individuals. ... Still, New York remains a burdensome place to earn a living. The reforms did not change the state's poor rankings for having high sales taxes (No. 38), individual income taxes (No. 49) and unemployment taxes (No. 45). Meanwhile, the governor announced Tuesday that the state tax department collected nearly $4 billion in evaded taxes in the past year, a 5% or $200 million increase compared to the year earlier.The state collects about $87 billion...
  • Down and Out: Single fact explains why black Americans have a hard time climbing the economic ladder

    04/14/2014 9:57:05 PM PDT · by 2ndDivisionVet · 53 replies
    Slate ^ | April 3, 2014 | Jamelle Bouie
    We didnt run from where we grew up. We arent afraid to be associated with the people who came up with us. Thats Richard Sherman of the Seattle Seahawks writing in defense of his friend, DeSean Jackson, who was cut from the Philadelphia Eagles amid reports of gang ties. Sherman isnt trying to litigate the allegations or exonerate Jacksonhe doesnt know the details. But he doesnt think its wrong for Jackson to associate with the men from his childhood. And why would it be? Yes, some of them have criminal recordsand for some, that includes gang activitybut leaving home is...
  • How To Get A Job Despite The Economy

    04/14/2014 1:09:21 PM PDT · by SeekAndFind · 19 replies
    Zero Hedge ^ | 04/14/2014 | Charles Hugh-Smith
    An entire new feedback loop ofaccreditationis necessary in the economy we have, andfortunately that feedback is within our individual control.To paraphrase Donald Rumsfeld, we work in the economy we have, not the economy we might want or wish to have at a later time.And what characterizes the economy we have?It'sbewilderingbecause nothing works like it's supposed to.For example, getting a college degree was supposed to guarantee a good job and an 80% lifetime wage premium over people without college degrees.But in the economy we have, getting a college degree no longer guarantees a good job, or indeed, a job of any...
  • Haven't We Struggled and Suffered Enough?

    04/11/2014 11:38:26 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | April 11, 2014 | Donald Lambro
    WASHINGTON - The news is filled with bleak reports that continue to cast a pall of gloom over many Americans who say life for them is a daily struggle. Two deeply troubling stories appearing in the papers this week were typical of the growing problems that afflict so many Americans in a still very weak, job-deficient, low-paying economy. A front page story in The Washington Post under the headline, "A choice between buying books and eating," reports that "more college students are going hungry." "The number of food pantries on college campuses has increased rapidly in the past six years...
  • Bill Clinton Points Out Gloomy State of Economy Under Obama

    04/10/2014 3:16:30 PM PDT · by 2ndDivisionVet · 22 replies
    Breitbart's Big Government ^ | April 10, 2014 | Charlie Spiering
    During his speech at the Civil Rights Summit held at the LBJ Presidential Library, former President Bill Clinton sounded a gloomy note about the current state of the economy under President Obama. Clinton, whom Obama frequently described as the Secretary of Explaining Stuff, pointed out that the current state of the economy made it more difficult to unite Americans politically. It is all the more difficult today because of the economic conditions that we find ourselves, where medium family income today after inflation is still lower than it was the day I left office, he said, adding, where all over...
  • Family Dollar to close (370) stores as shoppers pinched (Recovery Spring!)

    04/10/2014 12:11:44 PM PDT · by Red in Blue PA
    Dollar stores are feeling the pinch from mounting financial pressures on low-income shoppers.Family Dollar said Thursday that will cut jobs and close about 370 underperforming stores as it tries to reverse sagging sales and earnings. The discount store operator will also permanently lower prices on about 1,000 basic items.
  • Jobless claims tumble to near seven-year low

    04/10/2014 5:41:28 AM PDT · by SeekAndFind · 17 replies
    Reuters ^ | 04/10/2014
    The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in almost seven years, which could bolster views of an acceleration in job growth after a cold winter dampened hiring. Initial claims for state unemployment benefits dropped 32,000 to a seasonally adjusted 300,000 for the week ended April 5, the lowest level since May 2007, the Labor Department said on Thursday. Claims for the week ended March 29 were revised to show 6,000 more applications received than previously reported. Economists polled by Reuters had forecast first-time applications for jobless benefits falling to...
  • Along North Dakota border, Minnesota businesses worry about minimum-wage increase

    04/09/2014 5:08:57 AM PDT · by TurboZamboni · 21 replies
    Pioneer Press ^ | 4-9-14 | Archie Ingersoll
    MOORHEAD, Minn. -- The minimum-wage boost that Minnesota legislators are expected to pass this week has restaurant and bar owners here wondering how the bill would affect their bottom lines in a border city already faced with tough competition from business-friendly North Dakota. At J.C. Chumley's in Moorhead, co-owner Josh Henstorf worries he would have to reduce employees' hours and raise prices, which may send customers to Fargo in search of a cheaper alternative. "I think it's going to do a lot more harm than good to the business, to the employees, to the end-users," Henstorf said of the wage...
  • This Is What Employment In America Really Looks Like

    04/07/2014 7:01:21 PM PDT · by Errant · 32 replies
    The Economic Collapse ^ | 6 April 2014 | Michael Snyder
    The level of employment in the United States has been declining since the year 2000. There have been moments when things have appeared to have been getting better for a short period of time, and then the decline has resumed. Thanks to the offshoring of millions of jobs, the replacement of millions of workers with technology and the overall weakness of the U.S. economy, the percentage of Americans that are actually working is significantly lower than it was when this century began. And even though things have stabilized at a reduced level over the past few years, it is...
  • Senate Passes Unemployment Benefits Extension

    04/07/2014 3:32:52 PM PDT · by Oldeconomybuyer · 26 replies
    Roll Call ^ | April 7, 2014 | By Humberto Sanchez
    The Senate approved a bipartisan unemployment benefits extension Monday, with six Republicans joining Senate Democrats to clear the measure. The measure passed 59 to 38 with all Democrats in attendance voting for the bill. The five Republicans who helped negotiate the measure joined the Democrats voting in favor of the bill as well as by Sen. Kelly Ayotte, R-N.H. Senate Majority Leader Harry Reid teed up the vote with another screed against the billionaire Koch brothers. Reid on Monday tied his war against the Kochs to the fight to restore emergency unemployment insurance benefits that have been cut off since...
  • Jebs Gibberish: Any limit on immigration is an act of hate

    04/07/2014 3:25:08 PM PDT · by ObamahatesPACoal · 61 replies
    NRO ^ | Mark Krikorian
    Youd think that someone who put his name on a book about immigration would at least know a little bit about it. Im afraid that may not be the case, if Jeb Bushs recent comments on illegal immigration are any indication. His act of love comment is whats gotten everyones attention, and I agree with Rameshs take on the Corner to the extent that theres some truth to what Jeb said:
  • Millions of Americans aren't working. Why? (Real Headline!)

    04/07/2014 2:38:49 PM PDT · by Red in Blue PA · 45 replies
    Call it the million-worker mystery. Related Stories Marchs Goldilocks Jobs Report Highlights Lukewarm Labor Market Wall St. Cheat Sheet U.S. jobs market dropouts increasingly likely to stay out Reuters [$$] The Decline of Work The Wall Street Journal This Economist Foresees 15 Years of Labor Shortages BusinessWeek No Jobs, No Opportunity: Americas Young Face Permanent Setback Wall St. Cheat Sheet A large chunk of American adults are no longer in the labor force. That has left economists divided over how many of them are voluntarily not working-or even looking for work-because they wanted to retire, go to school or take...
  • Occupy, Union Activists Organizing Homeless Tent Cities in Honolulu?

    04/06/2014 8:09:36 PM PDT · by Islander7 · 23 replies
    Hawaii Free Press ^ | April 6, 2014 | by Andrew Walden
    Homeless Tent Cities have proven a disaster in Seattle, Portland, Sacramento and other mainland cities where they have been tried. Homelessness Industry organizers set up their tents in an area--and the meth-addled denizens generate a crime wave targeting local businesses and residents as they seek out anything they can steal to buy drugs. Exasperated local officials pay the organizers off in order to get them to move into a different jurisdiction where the cycle of crime and shakedown begins again. In Honolulu, unofficial tent cities are now set up in strategic locations designed to pressure the tourism industry, the Chinatown...
  • The Unemployment Puzzle: Where Have All the Workers Gone?

    04/06/2014 4:50:29 PM PDT · by SeekAndFind · 55 replies
    Wall Street Journal ^ | 04/05/2014 | By GLENN HUBBARD
    A big puzzle looms over the U.S. economy: Friday's jobs report tells us that the unemployment rate has fallen to 6.7% from a peak of 10% at the height of the Great Recession. But at the same time, only 63.2% of Americans 16 or older are participating in the labor force, which, while up a bit in March, is down substantially since 2000. As recently as the late 1990s, the U.S. was a nation in which employment, job creation and labor force participation went hand in hand. That is no longer the case. What's going on? Think of the labor...
  • GOVERNOR PERRY: UNEMPLOYMENT FIGURES SHOW TEXAS KEEPING AMERICA AFLOAT

    04/06/2014 12:47:13 PM PDT · by Jim Robinson · 26 replies
    Breitbart ^ | April 6, 2014 | by KRISTIN TATE
    HOUSTON, TEXAS--According to new statistics from the Labor Department, 16,000 new people sought U.S. unemployment benefits. This brought the seasonally adjusted figure to 326,000. In addition, the national employment holds at 6.7 percent. Meanwhile in Texas, the job market is booming and companies are expanding at a rapid rate. Texas Governor Rick Perry said the state is home to a thriving job market due to business-friendly policies and a predictable regulatory climate. Perry told Breitbart Texas, "We've been below the national average of unemployment for over 80 months. We have 1,000 plus people moving into the state per day. So...
  • The Part Time Presidents Part Time Jobs

    04/05/2014 6:48:50 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | April 5, 2014 | John Ransom
    Hooray, hooray! they said in print. 192,000 jobs were created last month according to the Department of Labors somewhat flawed mathematics that the media is eager to ignore. Because hidden inside that job gain is another disheartening sign for the workforce: the number of workers who could only find part-time jobs rose by 225,000. Leading the field in job creation, not surprisingly, was education and health services with 34,000 jobsthank you Obamacare-- the retail trade with about 22,000 jobsthank you Obamacare-- and temporary workers with 28,500 jobs thank you Obamacare. So the good news is that if youre independently...
  • House Republicans pass bill redefining full-time work to 40 hours

    04/04/2014 7:21:14 PM PDT · by SeekAndFind · 15 replies
    Hotair ^ | 04/04/2014 | Ed Morrissey
    House Republicans moved yesterday to correct one of the unintended consequences of ObamaCare, and to challenge Senate Democrats to demonstrate that they want to “fix it rather than nix it.” The definition of full-time work in the Affordable Care Act is 30 hours a week, which provides incentives for employers to limit hours for its employees to less than that — and it’s not just the private sector responding to that incentive. The House passed a new definition of full-time work that raises the threshold to 40 hours a week, and eighteen House Democrats voted for passage: Eighteen House Democrats...
  • The dirty little secret behind today's employment report

    04/04/2014 9:23:57 AM PDT · by cutty · 12 replies
    Yahoo ^ | APRIL 4, 2014 | Jeff Macke
    There's a dirty little secret buried in the monthly employment data. It's a secret so dark, so exquisitely threatening to the financial media industry that those who reveal it risk being expunged from the community like magicians revealing their tricks. The National Bureau of Labor Statistics reported that 192,000 jobs were added to the economy in March. The unemployment rate stayed flat at 6.7%. The participation rate rose to 63.2%. Now the dirty secret: none of that actually matters very much. 1.The number itself is simply impossible to measure with any accuracy ... 2.The unemployment rate is irrelevant. ... 3.No...
  • BLS jobs data will be heavy on the BS

    04/04/2014 8:01:00 AM PDT · by SeekAndFind · 8 replies
    New York Post ^ | 04/04/2014 | John Crudele
    Its time for the Bureau of Labor Statistics to own up to the fact that the nations unemployment statistics have been compromised. Fridays jobs report should come with a big asterisk detailing all the investigations the BLS knows about. Maybe the BLS thinks it cant afford to be that honest. But I say it cant afford not to be if it wants to maintain the long-term integrity of all its statistics. Ive been telling you for months about the investigations being conducted by the Inspector General at the Census Bureau concerning the falsification of unemployment and inflation data. Probes...
  • Jobless claims edge unexpectedly higher

    04/03/2014 6:53:21 AM PDT · by xzins · 30 replies
    Yahoo/Reuters ^ | Apr 3, 2014, | Lucia Mutikani
    The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend continued to point to some strength in the labor market. Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 326,000, the Labor Department said on Thursday. Economists had forecast first-time filings for jobless aid rising to 317,000 in the week ended March 29.
  • Weekly Jobless Claims Rise More than Expected by 16,000

    04/03/2014 6:46:20 AM PDT · by SeekAndFind · 26 replies
    Fox News ^ | 04/03/2014
    The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend continued to point to some strength in the labor market. Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 326,000, the Labor Department said on Thursday. Claims for the week ended March 22 were revised to show 1,000 fewer applications received than previously reported. Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 317,000 in the week ended March 29. The four-week moving average for new claims, considered a better measure of underlying...
  • Stanley Furniture Closing Robbinsville Plant (North Carolina)

    04/02/2014 10:17:02 PM PDT · by 2ndDivisionVet · 65 replies
    Woodworking Network ^ | April 1, 2014
    HIGH POINT, NC - Stanley Furniture Company, Inc. today reported it will cease domestic furniture production in the factory that supports its Young America brand. We have a healthy Stanley business that is making money. It is supported by a wonderful heritage, strong product in the field and future pipeline, and we are looking forward to the prospects of focusing our team solely on the growth and profitability of this brand in the short-term We have decided to cease manufacturing operations in Robbinsville, said Glenn Prillaman, President and Chief Executive Officer. After a thorough review of both our own operations...
  • ADP employment report estimates 191,000 jobs added in March

    04/02/2014 7:38:25 AM PDT · by SeekAndFind · 12 replies
    Hotair ^ | 04/02/2014 | Ed Morrissey
    Did the slowdown in the fourth quarter of 2013 impact hiring in the first quarter of 2014? The first two jobs reports of the year certainly support that conclusion, but the latest ADP estimate of job creation suggests that the job freeze may have thawed — a bit. ADP estimates that the private sector added 191,000 jobs to the US economy in March: Private sector employment increased by 191,000 jobs from February to March according to the March ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by...
  • Study: States with higher minimum wages had higher unemployment

    04/01/2014 3:02:45 PM PDT · by SeekAndFind · 5 replies
    Daily Caller ^ | 04/01/2014 | Breanna Deutsch
    >A new study by the free-market American Action Forum found that states with minimum wages higher than the federal minimum suffer from higher unemployment. Researchers looked at labor data from both the nineteen states that as of 2013 had enforced minimum wages above $7.25 per hour and the thirty-one states that had minimum wages equal to $7.25.Overall, they found that just a $1 increase in the minimum wage was “associated with a 1.48 percentage point increase in the unemployment rate,” and a “0.18 percentage point decrease in the net job growth rate.”A higher minimum wage thus led to the unemployment...
  • Yellen: Economy Still Needs Extraordinary Support

    03/31/2014 4:40:22 PM PDT · by mykroar · 22 replies
    FoxBusiness.com ^ | 3/31/2014 | Dunstan Prial
    Janet Yellen REUTERS The monetary policies crafted and initiated by the Federal Reserve are intended to help Main Street rather than Wall Street, Fed Chair Janet Yellen told an audience of grassroots community organizers in Chicago on Monday. In an address that employed a handful of devices reminiscent of a political speech, Yellen made her case for a dovish approach toward raising interest rates. Yellen singled out the plights of several individuals who she named and whose situations she described in detail to illustrate labor markets are healing slowly and prolonged accommodative policy is needed to ensure labor...
  • Cover Your Eyes for the Final Obamafication of America

    03/31/2014 5:13:22 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | March 31, 2014 | John Ransom
    Oh, the irony. There it was just above Democrat Illinois Gov. Quinns editorial pleading to make the states temporary income tax hike a permanent income tax hike, as if we could see that one coming. You might remember that Illinois kind of went the other way a few years ago, hiking taxes on personal income 66 percent as a way of trying to get out of the de facto bankruptcy that politicians like Illinois Senator Barack Obama (Present!) had given the state. Politicians and unions had combined in plan to grift taxpayers in a union pension scheme that was...
  • Hundreds of Jobs Lost as Store Chain Closes Due to ObamaCare and Minimum Wage Hike

    03/30/2014 12:13:09 PM PDT · by SeekAndFind · 23 replies
    Frontpage Mag ^ | 03/30/2014 | Daniel Greenfield
    By the time ObamaCare and the minimum wage get done wiping out jobs, everyone will need that basic guaranteed income that libs love talking about. Citing Obamacare and an increase in the state’s minimum wage, the owner of Waterford-based Yankee One Dollar is closing down shop on all 23 remaining locations.Its owner Keith Flike blamed the Affordable Care Act and the increase in the state’s minimum wage for the decision to shut down. Each store has six to 10 employees, he told the Post Star. Those are just more employees who have been liberated from job lock to explore their...
  • America's Retail Job Growth Illusion: More Workers, Fewer Hours

    03/27/2014 6:36:58 AM PDT · by SeekAndFind · 14 replies
    IBD ^ | 03/27/2014 | Jed Graham
    The rank-and-file retail workforce has never been through an employment drought like the kind seen in the past two years, outside of a recession or its immediate aftermath. While retail-industry woes are a regular news staple, the sector's addition of 308,000 nonmanagerial jobs from December 2011 to December 2013 before severe winter weather began skewing economic data has provided the appearance of a recovery in payrolls. Yet that increase was offset by a slide in the average workweek to 30 hours from 30.7 hours. In fact, total hours clocked by nonsupervisors didn't budge in that two-year span, Bureau...
  • US economy expanded in fourth quarter; jobless claims tumble

    03/27/2014 6:34:13 AM PDT · by SeekAndFind · 12 replies
    CNBC ^ | 03/27/2014 | Justin Solomon | CNBC
    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week and touched its lowest level in nearly four months, suggesting the labor market was strengthening. A separate report showed U.S. economic growth was a bit faster than previously estimated in the fourth quarter, displaying underlying strength that could bolster views that the slowdown in activity early in the year would be temporary. Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 311,000, the lowest level since November, the Labor Department said on Thursday. Claims for the week ended March 15 were revised to...
  • U.S. jobs market dropouts increasingly likely to stay out

    03/27/2014 6:18:16 AM PDT · by Red in Blue PA · 9 replies
    WASHINGTON (Reuters) - A growing number of Americans quitting the labor force are likely gone for good, offering a cautionary note to the Federal Reserve as it tries to gauge how tight the jobs market is and how quickly to raise interest rates. For a long time, data suggested a significant portion of the decrease in labor force participation was because many job seekers had grown frustrated with their search and had given up looking. If the job market tightened enough, the thinking went, these Americans would be lured back to hunt for work again.
  • Is Crowdsourced Labor the Future of Middle Class Employment?

    03/26/2014 1:43:23 PM PDT · by 2ndDivisionVet · 6 replies
    The Daily Beast ^ | March 26, 2014 | Sarah Kunst 
    Now that Obamacare has removed healthcare from employment, people can leave their cubicles and pursue part-time labor. With apps like Uber, that labor might happen on a micro-level. Dolly Partons 9 to 5 anthem may need a 21st century reboot. In 2013, 75% of the almost 1 million new jobs added to the US economy were part time according to CNBC. Obamacare, a weak recovery, and global unrest are just some of the reasons cited for this phenomenon that contributes to the hot button issues of inequality and poverty. However, one nascent winner has been the rise of crowdsourced fractional...
  • Fed's Bullard says U.S. jobless rate expected to fall below six percent this year (utter BS!)

    03/26/2014 4:12:54 AM PDT · by Red in Blue PA · 12 replies
    HONG KONG (Reuters) - The U.S. unemployment rate will fall below 6 percent by the end of this year, a Federal Reserve official said on Wednesday, offering a bullish view on the country's economy after central bank comments sent shock waves through financial markets last week. James Bullard, president of the Federal Reserve Bank of St. Louis, said that the outlook for the U.S. economy is "quite good," despite data from early in the year. "The biggest thing is that unemployment has come down more quickly than expected," said Bullard, speaking on a panel at the annual Credit Suisse investor...
  • When long-term unemployment becomes self-perpetuating (No, they are NOT lazy)

    03/25/2014 10:15:34 AM PDT · by SeekAndFind · 21 replies
    Washington Post ^ | 03/25/2014 | Catherine Rampell
    Say it with me: The long-term unemployed are not lazy. Nor are they coddled, hammocked or enjoying a coordinated, taxpayer-funded vacation. They are, however, extremely unlucky and getting unluckier by the day. Take Renardo Gomez of Fitchburg, Mass. In three years, Gomez ricocheted from a stable hospital job of 20 years that paid $34,000 annually to a sudden layoff to a series of low-paying, short-term gigs interspersed with longer and longer spells of unemployment. He expects an eviction notice soon. I keep putting in 110 percent and getting 10 percent back, he says. A new Brookings Institution study that...
  • Overqualified and Underpaid: Europe's Educated Unemployed Youth Flee the Continent

    03/22/2014 6:41:23 PM PDT · by SeekAndFind · 31 replies
    The European ^ | 03/22/2014 | Daniel Tkatch
    Europes unemployed youth do not mind a little economic insecurity. What they cant stand is a chronic atmosphere of political hopelessness. No wonder they are fleeing the continent. Young people appear to be the social group most affected by the lingering economic crisis of the EU. Around a quarter of them is unemployed. As expected, the situation is the most dramatic in the countries on the European periphery: In Spain 57 per cent of the population below 30 is unable to find a job, according to the most recent Eurostat figures. The worrying list also includes Greece with 58 per...
  • Quinn: A $10/hour minimum wage is a principle as old as the Bible

    03/22/2014 4:57:58 PM PDT · by Extremely Extreme Extremist · 41 replies
    HOTAIR.COM ^ | 21 MARCH 2014 | ERIKA JOHNSEN
    Despite his clumsy expression, Im going to go ahead and venture that, yes, most Republicans would probably agree with Illinois Gov. Pat Quinn that a person that works a solid forty hours per week at an honest, productive job should not have to live in poverty. Thats precisely why it would be nice if hiking the minimum wage was actually a constructive way to boost employment, median incomes, and economic growth, instead of an counterproductive and intellectually cheap populist band-aid. Via NRO:
  • City with 36% Unemployment Rate Now has Highest Minimum Wage in California

    03/20/2014 7:28:46 PM PDT · by SeekAndFind · 46 replies
    Frontpage Mag ^ | 03/20/2013 | Daniel Greenfield
    I don’t see how this plan could possibly fail unless economics is real. A San Francisco Bay Area city is on track to have the highest minimum wage in California. The Richmond City Council voted 6-1 on Tuesday in favor of an ordinance that would raise minimum hourly pay in the city to $12.30 an hour by 2017. Richmond’s unemployment rate is somewhere between 11 and 14 percent. Its unemployment rate for black men is 36%.It’s the third most dangerous city in California and its 3rd, 4th, 5th and 6th top employers are all the government. And it has a...
  • Study Shows Increased Minimum Wage's Destructiveness

    03/20/2014 4:46:14 PM PDT · by jazusamo · 14 replies
    Investors.com ^ | March 20, 2014 | IBD Editorial
    Jobs: The country's biggest employment agency warns that 38% of private employers will lay off workers if Congress raises the minimum wage. Once again, wage earners are the casualties of waging class warfare. The White House website's slick presentation on the minimum wage says: "No one who works full time should have to raise their family in poverty." And it promises: "It will lift wages for 28 million Americans. It will give businesses customers with more spending money. It will grow the economy for everyone and we can do it right now." Gee, if you don't like your wage,...
  • U.S. first-time jobless claims up by 5K to 320K

    03/20/2014 11:31:42 AM PDT · by SeekAndFind · 2 replies
    GANT DAILY ^ | 03/20/2014 | Nathan Andrada
    Washington, DC, United States (4E) The number of Americans who filed for unemployment benefits for the first time climbed slightly higher last week, signaling stabilization in the labor market. In the week ended March 15, initial unemployment claims which gauges the layoff trends across the country jumped by 5,000 to a seasonally adjusted 320,000, according to the Labor Department report released Thursday. The reading is in line with economists estimate in a poll by the Dow Jones Newswires. The previous weeks claims figures were unrevised at 315,000. The four-week moving average of claims a broader figure...
  • U.S. Jobless Claims Rise Less Than Expected Last Week

    03/20/2014 7:02:59 AM PDT · by mykroar · 15 replies
    FoxBusiness.com ^ | 3/20/2014 | Reuters
    <p>The number of Americans filing new claims for unemployment benefits rose less than expected last week, pointing to some underlying strength in the labor market.</p> <p>Initial claims for state unemployment benefits increased 5,000 to a seasonally adjusted 320,000, the Labor Department said on Thursday. Claims for the week ended March 8 were unrevised.</p>
  • Bill Gates: People Don't Realize How Many Jobs Will Soon Be Replaced By Software Bots

    03/14/2014 11:30:01 AM PDT · by SeekAndFind · 60 replies
    Business Insider ^ | 03/14/2014 | Julie Bort
    Big changes are coming to the labor market that people and governments aren't prepared for, Bill Gates believes.Speaking at Washington, D.C., economic think tank The American Enterprise Institute on Thursday, Gates said that within 20 years, a lot of jobs will go away, replaced by software automation ("bots" in tech slang, though Gates used the term "software substitution").This is what he said:"Software substitution, whether it's for drivers or waiters or nurses … it's progressing. ...  Technology over time will reduce demand for jobs, particularly at the lower end of skill set. ...  20 years from now, labor demand for lots...
  • Bipartisan Unemployment Extension Deal Reached

    03/13/2014 7:15:21 PM PDT · by mrsmith · 3 replies
    Rollcall ^ | March 13, 2014 | Humberto Sanchez
    From the letter from the Senators: "...The proposal is fully paid-for using a combination of offsets that includes extending pension smoothing provisions from the 2012 highway bill (MAP-21), which were set to phase out this year, and extending customs user fees through 2024. The bill also includes an additional offset allowing single-employer pension plans to prepay their flat rate premiums to the Pension Benefit Guaranty Corporation (PBGC)... ends unemployment insurance payments to any individual whose adjusted gross income in the preceding year was $1 million or more... proposal also includes language championed by Senator Susan Collins (R-ME) to strengthen reemployment...
  • Senators reach deal on unemployment benefits

    03/13/2014 2:58:13 PM PDT · by jazusamo · 25 replies
    The Washington Times ^ | March 13, 2014 | Stephen Dinan
    Senators said Thursday they have reached a deal on a bill to renew federal unemployment benefits for the long-term jobless, announcing a bipartisan agreement that appears likely to have enough votes to clear a filibuster. The deal would provide five months of benefits, which would provide immediate relief for the 2 million who have seen their long-term benefits expire since the federal program ran out on Dec. 28. Were not at the finish line yet, but this is a bipartisan breakthrough, said Sen. Jack Reed, the Rhode Island Republican who has pushed for the bill. Senate Republicans had filibustered several...
  • Latest Estimate of Illegal Alien Population Exceeds Unemployed

    03/13/2014 12:28:25 PM PDT · by Olog-hai · 8 replies
    Cybercast News Service ^ | March 13, 2014 - 10:54 AM | Ali Meyer
    The Pew Research Centers latest estimate of the number of illegal aliens residing in the United States11.7 million as of March 2012was less than the approximately 12.5 million people whom the Bureau of Labor Statistics estimated were unemployed in the United States in the average month of 2012. However, it exceeds the approximately 11.46 million people whom BLS says were unemployed in the average month of 2013. Pew released its latest report on the unauthorized immigrant population on Sept. 23, 2013. Headlined Population Decline of Unauthorized Immigrants Stalls, May Have Reversed, it estimated that the illegal alien population in the...
  • Initial jobless claims fall to 315,000, lowest level since November 2013

    03/13/2014 11:48:56 AM PDT · by SeekAndFind · 9 replies
    Los Angeles Times ^ | 03/13/2014 | Jim Puzzanghera
    - Initial jobless claims unexpectedly fell last week to 315,000, the lowest level since November, as the labor market showed signs of emerging from a winter chill. The number of first-time claims for unemployment benefits was down from 324,000 the previous week, the Labor Department said. Economists had projected claims to increase to 330,000. The four-week average fell by 6,250 last week to 330,500.
  • Immigration Doesnt Have the Votes Yet, Ryan Says

    03/12/2014 7:33:28 PM PDT · by bimboeruption · 54 replies
    Roll Call ^ | 3-12-2014 | Daniel Newhauser
    House Budget Chairman Paul D. Ryan told his local newspaper that Republican leaders do not have the votes yet to pass a rewrite of the nations immigration system. We dont have the votes right now, the Wisconsin Republican told his local newspaper, the Janesville Gazette, in an interview Monday. Right now, were working hard to find where that consensus lies. Ryan said both the right and left are holding up an overhaul. A poll of House Republican offices by CQ Roll Call found that just 18 members, including Ryan, publicly support the immigration principles Speaker John A. Boehner of Ohio...
  • Staples to shutter 225 stores as sales move online

    03/11/2014 4:46:34 PM PDT · by 2ndDivisionVet · 33 replies
    (VIDEO-AT-LINK)FRAMINGHAM, Mass. (AP) Staples will close up to 225 stores in North America by the end of next year as it seeks to trim about $500 million in costs annually by 2015. The nations largest office-supply retailer said Thursday that nearly half of its sales are now generated online, so it will aggressively cut costs to become more efficient....