Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $69,787
79%  
Woo hoo!! And we're now over 79%!! Less than $18.5k to go!! Thank you all very much!! Let's git 'er done!!

Keyword: unemployment

Brevity: Headers | « Text »
  • Coal-mine companies expect 2,267 layoffs

    05/23/2015 8:35:49 PM PDT · by 2ndDivisionVet · 24 replies
    The Columbus Dispatch / The Associated Press ^ | May 23, 2015 | Jonathan Mattise
    CHARLESTON, W.Va. — Appalachian coal mining suffered a double blow on Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told 439 more Mountain State miners they could be out of work. The announcements continue a grim employment trend for the Appalachian coalfields. On Friday, St. Clairsville, Ohio-based Murray Energy said it told 1,417 workers at five West Virginia mines that their jobs must be eliminated....
  • ***THE OFFICIAL FRIDAY SILLINESS THREAD***

    05/22/2015 5:42:22 AM PDT · by Lucky9teen · 89 replies
    In Obama's world - our military's top priority is to fight the weather.  PRESIDENT OBAMA: Climate change is one of those most severe threats. This is not just a problem for countries on the coasts or for certain regions of the world. Climate change will impact every country on the planet. No nation is immune. So I am here today to say that climate change constitutes a serious threat to global security, an immediate risk to our national security. And make no mistake, it will impact how our military defends our country. So we need to act and we need...
  • U.S. Jobless Claims Rise, But Still Point to Growing Labor Market

    05/21/2015 7:59:01 AM PDT · by SeekAndFind · 7 replies
    Wall Street Journal ^ | 05/21/2015 | BEN LEUBSDORF
    WASHINGTON—The number of Americans applying for first-time unemployment benefits rose last week, but remained at a historically low level consistent with an improving labor market. Initial jobless claims, a proxy for layoffs across the economy, increased by 10,000 to a seasonally adjusted 274,000 in the week ended May 16, the Labor Department said Thursday. Economists surveyed by The Wall Street Journal had expected 271,000 new claims. “U.S. labor market momentum remains solid in mid-May,” Barclays economist Jesse Hurwitz said in a note to clients. The prior week’s claims were left unrevised at 264,000. The Labor Department said no special factors...
  • US weekly jobless claims total 274,000 vs 271,000 estimate

    05/21/2015 5:30:16 AM PDT · by Red in Blue PA · 3 replies
    First-time claims for state unemployment benefits were expected to total 271,000 in the most recent week, up from 264,000 reported a week earlier.
  • 40 percent of unemployed have quit looking for jobs

    05/20/2015 9:30:24 PM PDT · by Red in Blue PA · 36 replies
    At a time when 8.5 million Americans still don't have jobs, some 40 percent have given up even looking. The revelation, contained in a new survey Wednesday showing how much work needs to be done yet in the U.S. labor market, comes as the labor force participation rate remains mired near 37-year lows. A tight jobs market, the skills gap between what employers want and what prospective employees have to offer, and a benefits program that, while curtailed from its recession level, still remains obliging have combined to keep workers on the sidelines, according to a Harris poll of 1,553...
  • The 25 best cities for job seekers right now

    05/20/2015 8:29:02 AM PDT · by SeekAndFind · 18 replies
    Business Insider ^ | 05/20/2015 | JACQUELYN SMITH
    If you've been unsuccessful in your job search, it might be time to start looking in other parts of the country. But before you pack up and go, you'll want to consider which cities have the best career opportunities, the happiest workers, and the lowest cost of living. To help, online careers community Glassdoor just released its latest report on the 25 best cities for jobs right now. These metro areas stand out for having the highest Glassdoor "Job Score," which was determined by weighting three factors equally: how easy it is to get a job (hiring opportunity), how affordable...
  • The True Black Tragedy: Illegitimacy Rate of Nearly 75%

    05/19/2015 1:09:13 PM PDT · by Olog-hai · 24 replies
    Cybercast News Service ^ | May 19, 2015 | 6:50 AM EDT | Walter E. Williams
    Hustlers and people with little understanding want us to believe that today’s black problems are the continuing result of a legacy of slavery, poverty and racial discrimination. The fact is that most of the social pathology seen in poor black neighborhoods is entirely new in black history. Let’s look at some of it. Today the overwhelming majority of black children are raised in single female-headed families. As early as the 1880s, three-quarters of black families were two-parent. In 1925 New York City, 85 percent of black families were two-parent. One study of 19th-century slave families found that in up to...
  • In sign of times, hardest-hit Nevada may end foreclosure aid

    05/17/2015 9:26:06 PM PDT · by Olog-hai · 8 replies
    Associated Press ^ | May 17, 2015 8:02 PM EDT | Michelle Rindels
    At its height, Nevada was ground zero for the Great Recession. Unemployment topped 14 percent, the highest in the nation. The state led in per-capita bankruptcy filings. And one in every 10 homes faced foreclosure. But while Nevada’s jobless and foreclosure rates still rank high relative to other states, the raw numbers have plummeted. Lawmakers who agonized about public employee layoffs and an overburdened unemployment insurance fund a few years ago are now fretting about a shortage of teachers and want to implement new taxes worth hundreds of millions of dollars. And in another sign of the times, they want...
  • The U.S. economy has left behind 20 million Americans

    05/15/2015 8:00:05 PM PDT · by Lorianne · 16 replies
    Market Watch ^ | 13 May 2015 | Howard Gold
    About 10% of adults of working age have at best marginal ties with the economy ___ Last month, when Baltimore was burning after a young African-American man died in police custody (six officers were subsequently charged), I did a Google search to find what David Simon thought about it. Simon, a former reporter for the Baltimore Sun, was the creator and show runner of “The Wire,” which ran for five seasons on HBO and which Entertainment Weekly called the greatest television show ever. It was a brilliant narrative of the struggle for survival in a violent, drug-riddled Baltimore neighborhood much...
  • Zenith Education Group lays off 131 people at Thornton call center (Colorado)

    05/13/2015 12:02:07 PM PDT · by 2ndDivisionVet · 3 replies
    The Denver Business Journal ^ | May 11, 2015 | Caitlin Hendee, digital producer & social engagement manager
    Zenith Education Group, a Minnesota-based provider of career-school training and operator of Everest College campuses in metro Denver, is laying off 131 people at its Thornton call center. "We had a reduction in the student population and we are merging some call centers to the one located in Tampa," said Zenith spokesperson Krissy Humenesky, referring to a call center at an Everest college in Florida. Zenith, an affiliate of ECMC Group Inc., last December entered into a deal with Corinthian Colleges to take over 56 Everest and WyoTech campuses in 17 states across the country, including Colorado. Earlier this month,...
  • Are 90 million Americans not working or not looking for work? [A closer look at the numbers]

    05/13/2015 9:28:38 AM PDT · by SeekAndFind · 19 replies
    Politifact ^ | 7/30/2013 | By Louis Jacobson
    A reader recently asked us to check a claim that’s been widely repeated on conservative websites -- that 90 million Americans either aren’t working or aren’t looking for work. Over the past few months, the statistic has been cited by various conservative bloggers, pundits and news outlets. We thought we’d take a closer look. Here’s how the calculation is made, using Census Bureau population estimates and employment data from the Bureau of Labor Statistics: The total U.S. population age 16 and over is at least 243 million. Subtracting the nearly 156 million Americans in the labor force in June...
  • The US Is In Recession According To These 7 Charts

    05/13/2015 8:23:50 AM PDT · by SeekAndFind · 17 replies
    Zero Hedge ^ | 05/13/2015 | Tyler Durden
    The evidence continues to mount..."Most since Lehman" has become the new meme for macro-economic data in the US as day after day brings another lacklustre superlative to be dismissed with some excuse by the cognoscenti of sell-side economists...  Of course, that is aside from anything related to aggregate jobs that is spewed by the government's official ministries of truth... (do not look at this chart)*  *  *So here are seven charts that scream "recession" is here...Retail Sales are weak - extremely weak. Retail Sales have not dropped this much YoY outside of a recession... And if Retail Sales are weak, then...
  • [Palestinian Authority] PA Towns Surrounded by Jews Enjoy 0% Unemployment

    05/13/2015 12:27:47 AM PDT · by Olog-hai · 3 replies
    INN ^ | 5/11/2015, 7:24 PM | (Arutz Sheva Staff)
    Three Palestinian Arab towns in western Samaria that are surrounded by Jewish communities and seemingly “cut off” from the rest of the the Palestinian Authority (PA) are actually doing quite well for themselves, according to a report by the PA-based Safa news agency cited by blogger Elder of Ziyon. The towns—Mas-ha, Qarawat Bani Hassan and Biddya—are bordered by Elkana on the west and Barkan on the east, and as the blogger notes, they form “islands of Arab brown among a sea of Jewish blue areas,” in a map provided by the pro-Palestinian B’tselem. While PA propaganda portrays Jewish settlements as...
  • This policy has correlated with higher unemployment, more bankruptcies and greater inequality...

    05/12/2015 8:41:27 AM PDT · by fredericbastiat1 · 4 replies
    TheBlaze Books ^ | 2015-05-12 | Benjamin Weingarten
    "From 1947 when [the] Bretton Woods System really got operating to 1971, when the dollar was convertible into gold at a 35th of an ounce, unemployment in America averaged 4.7 percent. And then we got rid of the Bretton Woods system — we defaulted on it — we went to fiat money, and in the years from 1971 to today, unemployment has averaged significantly above 6 percent. Low unemployment: gold standard. High unemployment: fiat money. But it’s not just unemployment. The bankruptcy rate which Elizabeth Warren likes to focus on was one point something per thousand for years, and suddenly...
  • Patriot Coal Files for Chapter 11 Bankruptcy Protection

    05/12/2015 6:42:58 AM PDT · by Rodamala · 9 replies
    ABC New (AP Story) ^ | May 12, 2015, 9:35 AM ET | John Raby
    CHARLESTON, W.Va. Patriot Coal Corp. filed for Chapter 11 bankruptcy protection Tuesday for the second time in three years. The company made the filing in U.S. Bankruptcy Court for the Eastern District of Virginia. It had emerged from an earlier bankruptcy case in December 2013 in Missouri. Patriot said it is involved in active negotiations for the sale of its operating assets to a strategic partner. Patriot said it will continue shipping and mining operations and it has received a commitment for $100 million in debt financing from secured debt holders that it did not identify.
  • The Pain the Job Numbers Don’t Show: Core of America’s workforce hasn’t recovered from recession.

    05/09/2015 10:19:05 AM PDT · by SeekAndFind · 9 replies
    Fiscal Times ^ | 05/09/2015 | By Rob Garver
    It seems almost ungrateful to complain about the announcement that the U.S. added 223,000 jobs to the economy in April, dropping the official unemployment rate to 5.4 percent, particularly after the dismal showing in March. Economists saw those numbers as reason for a “sigh of relief,” as one put it. But the truth is that for many American workers, the jobs recovery hasn’t yet provided real relief — and there is still a lot of ground to cover before the country can be said to have truly recovered the losses from the Great Recession. The labor force participation rate remains...
  • Unemployment rate for black Americans at 7-year low (o rly?)

    05/08/2015 1:06:08 PM PDT · by Olog-hai · 21 replies
    Associated Press ^ | May 8, 2015 12:49 PM EDT
    The unemployment rate for black Americans fell to single digits in April for the first time in nearly seven years. At the same time, the jobless rate among Asian-Americans rose for the first time in six months. The black unemployment rate in April was 9.6 percent, the lowest level since June 2008. During the financial crisis and recession, the rate had risen as high as 16.8 percent. Despite the latest improvement, the employment gap by race remains stubbornly wide. The jobless rate for blacks is more than twice that of whites. …
  • Good news: U.S. economy adds 223,000 jobs (CNN)

    05/08/2015 9:49:35 AM PDT · by lowbridge · 49 replies
    CNN ^ | may 8, 2015 | Patrick Gillespie 
    America can breathe a sigh of relief. The economy is improving with the spring weather. The U.S. added 223,000 jobs in April, a healthy pick up after a disappointing March and about in line with what economists surveyed by CNN Money projected. April's strong job gains reflect a trend the country saw last year: job growth cooling in the winter months, then gaining momentum into the spring. "They are good numbers," says Kate Warne, investment strategist at Edward Jones. "It's reassuring that we saw job growth rebound to above 200,000." The good news doesn't stop there. The unemployment rate dropped to 5.4%,...
  • Old Workers Hit New All Time High As All April Jobs Go To The "55 And Older"

    05/08/2015 8:21:55 AM PDT · by SeekAndFind · 37 replies
    Zero Hedge ^ | 05/08/2015 | Tyler Durden
    Earlier we reported that all the jobs added in April were part-time, or over 400,000, while full-time jobs decreased by over 200,000 pushing them further under the pre-recession peak. Here is another stunning data point: while it has been no secret that ever since the quote-unquote recovery virtually all job gains have gone to older workers, those 55 and over and ever closer to retirement, April merely confirmed this demographically disastrous trend, and of the 255K workers added in the household survey when broken down by age group, more than all, or 266K went to workers aged 55 and older...
  • Americans Not In The Labor Force Rise To Record 93,194,000

    05/08/2015 7:46:42 AM PDT · by GrandJediMasterYoda · 41 replies
    zerohedge.com ^ | 5/8/15 | Tyler Durden
    Americans Not In The Labor Force Rise To Record 93,194,000 In what was an "unambiguously" unpleasant April jobs payrolls report, with a March revision dragging that month's job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating...
  • Economy Adds 223,000 Jobs in April; Unemployment Rate at 5.4%

    05/08/2015 6:43:46 AM PDT · by SeekAndFind · 61 replies
    Fox Business News ^ | 05/08/2015 | By Dunstan Prial
    <p>The economy added 223,000 jobs in April and the unemployment rate dropped to 5.4%, a rebound from the dismal March report that led to concerns the U.S. labor market was heading into a prolonged skid.</p> <p>Economists were nearly spot on in their predictions of a gain of 224,000 and that the unemployment rate would dip to 5.4%.</p>
  • Wow. 47 Major Retailers Announce Closing of 6,000 Stores Across the Country

    05/07/2015 6:16:59 PM PDT · by Beave Meister · 39 replies
    You’ll never hear the Obama administration pass on an opportunity to gloat about the miracles they think they’ve managed to pull off over the past seven years to get America’s economy back on track. The only problem with that is, it’s not remotely true. Somehow, the spin doctors at the White House always manage to cherry pick rare instances of economic improvement and turn them into something much bigger. If you want a real indication of how President Barack Obama’s economy is fairing, just look to a recent report that shows a coming “retail apocalypse,” with major retailers across the...
  • The Texas Job Recession Is Now Literally "Off The Chart": Now Leads the Nation in Layoffs

    05/07/2015 9:10:25 AM PDT · by SeekAndFind · 23 replies
    Zero Hedge ^ | 05/07/2015 | Tyler Durden
    The paradoxical, utterly nonsensical "data" releases continue. On one hand, the government's Department of Labor reported earlier today that in the past week just 265K people were laid off: the lowest number since early 2000. On the other, private data aggregator Challenger reported that in April, there were a whopping 61,582 job cuts, a 68% surge from March, and up 53% from a year ago. This was the highest monthly total since May 2012 and the highest April total since 2009!Smoothing out the noise reveals that in the first 4 months of 2015, employers announced 201,796 planned job cuts,...
  • Jobless claims remain low, but planned layoffs jump to three-year high

    05/07/2015 7:30:50 AM PDT · by SeekAndFind · 4 replies
    Los Angeles Times ^ | 05/07/2015 | Jim Puzzanghera
    Initial jobless claims rose slightly last week from a 15-year low while planned layoffs surged in April to a three-year high, providing mixed signals about the health of the labor market ahead of Friday's jobs report. About 265,000 people applied for first time unemployment benefits in the week ended Saturday, up from the previous week's 262,000, the Labor Department said Thursday. Economists had expected claims to rise to 280,000 after hitting the lowest level since 2000 the previous week. The four-week average, which smooths out some volatility, fell to 279,500 last week. That was the lowest level since May 2000....
  • Hopeless in America [Why are we bringing sand to the beach?]

    05/07/2015 1:34:22 AM PDT · by Cincinatus' Wife · 10 replies
    Front Page ^ | May 7, 2015 | Michael Cutler, retired Senior Special Agent of the former INS
    When he came to office, not unlike other politicians, Obama made many promises. Nearly every promise he made has remained unfulfilled — with one exception: The promise that “change has come to America.” My dad used to tell me that nothing was so good it could not be better or be so bad it could not get worse. Things have indeed gotten worse, much worse, and it would appear that there is no bottom as to how far we may ultimately fall at the hands of an administration and politicians from both sides of the aisle, who only care about...
  • Only 169,000 Jobs Added in April, Says ADP

    05/06/2015 8:57:50 AM PDT · by SeekAndFind · 3 replies
    US News and World Report ^ | 05/06/2015 | Andrew Soergel
    Many economists expected a rebound after last month’s soft jobs numbers, but the ADP National Employment Report released Wednesday shows little sign of such a turnaround. The domestic economy added only 169,000 jobs in April, according to the Wednesday report, and March additions were revised down from an original 189,000 to 175,000. This is the second consecutive month of sub-200,000 job additions, which previously hadn’t happened in a single month since January 2014. Service-providing firms added 170,000 positions last month, with the most pronounced month-over-month gains seen in the professional/business services and trade/transportation/utilities sectors. But goods-producing jobs shed 1,000 positions...
  • Beware of the phantom: ‘New jobs’ hoax

    05/06/2015 8:55:40 AM PDT · by SeekAndFind · 2 replies
    New York Post ^ | 05/06/2015 | John Crudele
    Get ready for another ride on the economic roller coaster. Last week, we got bad news about the economy when it was announced that the US gross domestic product barely rose in the first three months of 2015. And it looks as though the 0.2 percent annualized growth reported by the Commerce Department for the winter months will turn into a contraction when revisions are made at the end of May. Worse, GDP in the second quarter hasn’t gotten much better. The Atlanta Federal Reserve’s GDPNow, which tracks the economy in real time, has GDP growing at a wimpy 0.8...
  • Sen. Jeff Sessions: Top Five Concerns With Trade Promotion Authority (Covert Immigration Bill)

    05/06/2015 5:51:07 AM PDT · by xzins · 20 replies
    Conservative HQ ^ | 5/6/2015 | CHQ Staff
    Congress has the responsibility to ensure that any international trade agreement entered into by the United States must serve the national interest, not merely the interests of those crafting the proposal in secret. It must improve the quality of life, the earnings, and the per-capita wealth of everyday working Americans. The sustained long-term loss of middle class jobs and incomes should compel all lawmakers to apply added scrutiny to a “fast-track” procedure wherein Congress would yield its legislative powers and allow the White House to implement one of largest global financial agreements in our history—comprising at least 12 nations and...
  • Baltimore Is Not About Race

    05/05/2015 7:04:45 AM PDT · by KeyLargo · 7 replies
    The Wall Street Journal ^ | May 4, 2015 | William McGurn
    Baltimore Is Not About Race Government-induced dependency is the problem—and it’s one with a long history. By William McGurn May 4, 2015 For those who see the rioting in Baltimore as primarily about race, two broad reactions dominate. One group sees rampaging young men fouling their own neighborhoods and concludes nothing can be done because the social pathologies are so overwhelming. In some cities, this view manifests itself in the unspoken but cynical policing that effectively cedes whole neighborhoods to the thugs. Opinion Journal Video Manhattan Institute Senior Fellow Jason Riley on what prompted the violence and what comes next....
  • Jobs elusive for 40% of area poor: Survey respondents still struggling

    05/03/2015 1:41:59 PM PDT · by 2ndDivisionVet · 47 replies
    The Fort Wayne Journal Gazette's Local ^ | May 3, 2015 | Sherry Slater
    A survey targeting local low-income families has found that 40 percent of respondents felt they have very little or no job security, according to results being released this week. That kind of instability makes it challenging to commit to car loans, apartment leases and tuition payments – steps often necessary to improving a family’s economic standing. Of those participating in the survey, more than 1 in 2 has received free groceries or meals and about 1 in 4 has needed help with housing, utilities or health care. The 502 responses reflect the experiences of those who continue to struggle in...
  • Easy free solution to Baltimore's 8%+ and 37%+ unemployment rates:Increase their minimum wage

    05/01/2015 6:46:57 AM PDT · by sickoflibs · 19 replies
    SOL (reference links in body) | 5/1/2015 | sickoflibs
    Some fun relevant facts: Maryland's unemployment rate is ~ 5.5% Baltimore unemployment rate is ~ 8.2 % Baltimore unemployment rate for young black men is ~ 37% %Source CNN Money Maryland's minimum wage is $8.25 per hour Baltimore's minimum (called ‘living’) wage is much higher : ~ $11.50 per hour.source baltimorebrew .com Yep, almost $12 per hour. Recall how we are lectured that outlawing these low paying entry level jobs will create better paying jobs, because they all get a raise which they spend. Yep, no HS degree, no work experience, probably an arrest record (try looting businesses) . Sure...
  • Bell Helicopter announces 1,100 layoffs

    04/29/2015 2:36:35 PM PDT · by 2ndDivisionVet · 11 replies
    KATC-TV ^ | April 28, 2015
    Bell Helicopter announced today that it will lay off 1,100 employees. The Fort Worth-based helicopter company has a location on Pont Des Mouton Road in Lafayette, according to the company's website. The company did not release specifics on which locations will see layoffs, but the communications director did say in a news release that the reduction in workforce will apply to all areas of the business, both management and non-management, and covered and non-covered workers. In addition to its Pont Des Mouton location, Bell Helicopter broke ground in August last year on an 82,300-square-foot aircraft assembly center near the Lafayette...
  • In 1 in 5 Families in U.S., No One Works

    04/28/2015 7:16:12 PM PDT · by 2ndDivisionVet · 51 replies
    CNS News ^ | April 27, 2015 | Ali Meyer
    In 19.9 percent of American families in 2014, according to data released by the Bureau of Labor Statistics (BLS), no one in the family worked. A family, as defined by the BLS, is a “group of two or more persons residing together who are related by birth, marriage, or adoption. In 2014, there were 80,889,000 families in the United States, and in 16,057,000 of those families, or 19.9 percent, no one had a job. The BLS designates a person as “employed” if “during the survey reference week” they “(a) did any work at all as paid employees; (b) worked in...
  • Congress: Middle class incomes drop as immigration surges

    04/23/2015 2:23:07 PM PDT · by xzins · 46 replies
    Washington Examiner ^ | APRIL 23, 2015 | PAUL BEDARD
    Wages of America's middle class have dropped below 1970s levels as immigration has surged 325 percent, according to a new congressional report that questions claims that native Americans are economically helped by greater immigration. The nonpartisan Congressional Research Service report studied immigration and middle class income from 1945-2013 and found that as immigration slowed between 1945 and 1970, American incomes increased. But when immigration expanded, the incomes of the bottom 90 percent of Americans went flat and then dropped beginning in 2000. In the report to the Senate Judiciary Committee, the CRS reported that the foreign-born population of the United...
  • Immigration and Barack Obama's New Americans

    04/22/2015 2:30:14 PM PDT · by PoliticallyShort · 14 replies
    PoliticallyShort.com ^ | 04/22/2015 | PoliticallyShort
    While the American voters sent a message of repudiation against the overreach of the executive branch in the November 2014 elections, the executive responded by informing the voters that their message would be ignored. As Republicans won in a landslide election that gave them control of Congress by vowing to stop the overreach of the Obama administration, it simply didn’t matter. In an interview with the Huffington Post last month, Barack Obama conveyed this message by stating that he will, “try to reach out to Republicans and see if they can work with us and where they’re not willing to...
  • Employers cut jobs in 31 US states as growth slows

    04/21/2015 5:10:54 PM PDT · by Kartographer · 16 replies
    AP via Yahoo News ^ | 4/21/15 | CHRISTOPHER S. RUGABER
    Employers in 31 U.S. states cut jobs last month as weak economic growth weighed on hiring and a slowdown in oil and gas drilling caused big job losses in some states. The Labor Department said Tuesday that unemployment rates rose or were unchanged in 27 states and fell in 23 states. Eighteen states gained jobs, while employment was unchanged in Idaho.
  • Why Are Many Former Workers Not Even Applying for Job Openings?

    04/20/2015 10:22:45 PM PDT · by Nachum · 21 replies
    The Daily Signal ^ | 4/20/15 | Patrick Tyrrell
    Commentary By Portrait of Patrick Tyrrell Patrick Tyrrell There was good news this month: private-sector job openings rose slightly in February, according to data released by the Bureau of Labor Statistics. Openings rose to 3.8 percent of all private-sector jobs and the job openings—the highest rate since January 2001. Other data for the month showed the unemployment rate for workers age 25-54 (often called prime age workers) ticked downward to 4.6 percent from 4.8 percent.
  • Why Are So Many Workers Refusing To Apply For Jobs?

    04/21/2015 4:07:10 AM PDT · by IBD editorial writer · 55 replies
    Investor's Business Daily ^ | 04/20/2015 | John Merline
    Since the end of the recession in June 2009, the number of job openings in the private sector has steadily climbed — just as one would expect to happen as the economy recovered. But over those same years, the share of 25- to 54-year-olds who are active in the labor market has steadily fallen...
  • Oh My: Some People Support A $50 Minimum Wage

    04/18/2015 9:46:09 PM PDT · by 2ndDivisionVet · 37 replies
    Townhall ^ | April 17, 2015 | Matt Vespa
    Dan Joseph is on a mission. Who supports a $50/hour minimum wage? What better place to put forward such a bold initiative than in the free speech zone on the sanctified grounds of George Mason University in Virginia. (VIDEO-AT-LINK)Now, while Joseph was able to find a few supporters, some students on campus knew that raising the minimum wage will lead to job losses and increased pricing for some goods. One man called the law racist and he’s not the only one. The late economist Milton Freidman described minimum wage laws as the most anti-African-American law on the books, as he...
  • The Looming Minimum Wage Hike: Stuck on Stupid

    04/18/2015 9:53:04 AM PDT · by SeekAndFind · 27 replies
    American Thinker ^ | 04/18/2015 | William Sullivan
    We might be inclined to laugh off the national demonstrations calling for a $15/hr minimum wage for burger-flippers, as the suggestion should be received as utterly ridiculous in any intelligent economic debate. But the left isn’t laughing. They’re undoubtedly ecstatic at the media legs such demonstrations have maintained against all odds, and they can’t wait to roll out these downtrodden fast-food workers as a reason to increase the federal minimum wage, victims as they are of an evil system of economic organization that dares assign a value to labor performed in the context of supply and demand. That evil is,...
  • Coal Producer Xinergy Files for Bankruptcy in Virginia

    04/17/2015 12:09:17 PM PDT · by 2ndDivisionVet · 8 replies
    ROANOKE, VA (AP) -- Coal producer Xinergy Ltd. and more than two dozen subsidiaries have filed for Chapter 11 bankruptcy. Knoxville, Tennessee-based Xinergy filed a Chapter 11 petition last week in U.S. Bankruptcy Court in Roanoke, Virginia. The petition lists zero to $50,000 in assets and about $100 million to $500 million in liabilities....
  • Coach is Right, Friday Short Stories

    04/17/2015 9:11:42 AM PDT · by Oldpuppymax
    Coach is Right ^ | 4/17/15 | John C. Velisek USN (Ret.)
    1.) Who’s Fighting For 15? Workers Or Big Labor. A nationwide minimum wage protest planned for Wednesday is being called out by critics who claim the self-proclaimed grassroots movement is actually just a paid stunt by big labor. “This is an orchestrated effort,” Ryan Williams, media advisor for Worker Center Watch, said during a press call Monday. “The union has invested upwards of $20 million.” Additionally, as sources for The Daily Caller News Foundation point out, the SEIU has spent $637,243 in strike benefits to some groups involved despite them not reporting any members. The concept refers to when a...
  • The US labor market recovery is missing one ingredient: Labor Force Participation

    04/17/2015 9:03:29 AM PDT · by SeekAndFind · 10 replies
    The Blackrock Blog ^ | 04/17/2015 | by Russ Koesterich, CFA BlackRock Global Chief Investment Strategist
    Despite last month’s poor jobs report, the U.S. labor market is improving. Job creation is running at the fastest pace since the late 1990s, and there is some evidence that wage growth is finally starting to accelerate, albeit modestly.However, one key component is missing from the labor market recovery: rising labor force participation.In March, labor force participation declined 0.1% to 62.7%, the lowest rate since the late 1970s.Why are so few Americans participating in the labor market even as jobs become more plentiful? I see three main reasons.1. An aging population. While the Great Recession inflicted significant damage on the...
  • US jobless claims hit six-week high, rises by 12,000 to 294,000

    04/16/2015 9:00:22 AM PDT · by SeekAndFind · 14 replies
    Yahoo News ^ | 04/16/2015
    New claims for US unemployment insurance benefits rose more than expected last week to their highest level in six weeks, the Labor Department reported Thursday. Initial jobless claims, a sign of the pace of layoffs, climbed to 294,000 in the week ending April 11, an increase of 12,000 from the prior week's slightly upwardly revised number. Analysts had expected claims would hold steady from the previous week. The four-week moving average, which helps to smooth week-over-week volatility, inched up by 250 to 282,750. A year ago the average was 316,000.
  • The Really Lost Generation

    04/14/2015 9:31:03 AM PDT · by Academiadotorg · 36 replies
    Accuracy in Academia ^ | April 14, 2015 | Malcolm A. Kline
    If the raccoon coat-wearing youth of the 1920s really were the lost generation, what would you call millennials? Generation Opportunity, “a national, non-partisan youth advocacy organization,” crunched the employment and unemployment data for March in its Millennial Jobs Report for March 2015” and found that: • “The effective (U-6) unemployment rate for 18-29-year-olds, which adjusts for labor force participation by including those who have given up looking for work, is 13.9 percent (NSA). The (U-3) unemployment rate for 18-29 year olds is 9.1 percent (NSA). • “The declining labor force participation rate has created an additional 1.842 million young adults...
  • Babs unhinged! Streisand sings Obama's praises over jobs

    04/11/2015 8:08:18 AM PDT · by rktman · 44 replies
    wnd.com ^ | 4/11/2015 | Chelsea Schilling
    Barbra Streisand may not be the brightest star in Hollywood. In fact, sometimes you look into her eyes and get the feeling someone else is driving. The starlet, who once compared President Obama to “kings” and “gods,” penned a March 30 commentary in the Huffington Post singing the praises of the president for “creating” so many jobs in the last five-and-a-half years. The piece, titled, “Have you heard the good news?,” promptly heaps praise on Obama: “In the wake of the financial crisis, President Obama took the helm of a sinking economic ship and help to right it. The unemployment...
  • The robots are not threatening your job

    04/10/2015 4:34:59 AM PDT · by SeekAndFind · 20 replies
    Washington Post ^ | 04/10/2015 | By Catherine Rampell
    The Great Robot Freakout of 2015 has begun, and it looks a lot like the robot freakouts that came before it. In a new survey by CNBC, Americans were asked how concerned they were, if at all, that their jobs could be replaced by technology in the next five years. The level of automation angst was astonishing: About 1 in 8 workers indicated was worried about being displaced. Among those earning less than $30,000, it was a whopping 1 in 4. No doubt these workers have seen travel agents, bank tellers, typists, mid-skilled manufacturing workers and other occupations of yore...
  • Jobless claims at 281,000 week ending April 4, 2015. Better than expected

    04/09/2015 6:32:12 AM PDT · by SeekAndFind · 27 replies
    Washington Examiner ^ | 04/09/2015 | BY JOSEPH LAWLER
    There were 281,000 first-time claims for unemployment for the week ending April 4, the Department of Labor reported Thursday. That was an increase from the previous week's revised 268,000 jobless claims, adjusted for seasonal fluctuations, but better than investors expected. The four-week moving average of claims, meanwhile, fell by 3,000 to 282,250. That average was the lowest since June of 2000, reflecting the ongoing improvement in the U.S. labor market. Low first-time claims for unemployment insurance benefits are viewed as a positive sign for the economy, as fewer layoffs generally indicate greater net hiring. Thursday's good news comes after Friday's...
  • Barbra Streisand Fails to Notice That 6.6 Million Jobs Have Gone Missing

    04/08/2015 10:09:24 AM PDT · by SeekAndFind · 13 replies
    National Review ^ | 04/08/2015 | Stephen Moore
    Poor Barbra Streisand. Just last week the renowned economist (who also describes herself as a “singer,” “actress,” and “activist”) penned an opinion piece titled “Have You Heard the Good News?” about how well the economy is performing under Barack Obama. It was a pep rally of sorts, and all that was missing were the pom-poms. “President Obama’s Administration, with only opposition from the Republicans,” she gushed, “has steadily helped put more than 11 million Americans back to work in the private sector.” Then two days later the dismal jobs report for March was released. Bad timing, for sure. The statistic...
  • 9K Off Of Food Stamps After Maine Begins Work Requirements

    04/08/2015 9:15:37 AM PDT · by george76 · 33 replies
    CNS News ^ | April 8, 2015 | Eric Scheiner
    12,000 non-disabled adults were in Maine’s SNAP program before Jan. 1 - a number that dropped to 2,680 by the end of March. More than 9,000 Maine residents have been removed from the state's food stamp program since Republican Gov. Paul LePage's administration began enforcing work and volunteer requirements. The new rules prevent adults who are not disabled and do not have dependents from receiving food stamps for more than three months - unless they work at least 20 hours a week, participate in a work-training program or meet volunteering requirements. DHHS Commissioner Mary Mayhew said the goal of the...