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Keyword: unemployment

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  • The Real Reason Obama Got Elected ("Freebie" Nation)

    11/11/2012 5:48:20 AM PST · by tobyhill · 36 replies
    fox news ^ | 11/8/2012 | Gerri Willis
    Here’s an interesting plot twister; Republicans made the assumption, incorrectly as it turns out, that voters in states with high-unemployment would kick the bums out. That is, that they’d vote Obama out of office and try to find someone who could solve the jobs problem in this country. Turns out, the opposite has happened. Voters in high-unemployment states actually like the president, and the reason is obvious; the Federal Government is paying the jobless, extending unemployment benefits, food stamps, and even underwriting disability payments from Social Security. Think we’re different from the Europeans? Think again. The proportion of Greek men...
  • Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can

    11/11/2012 6:16:21 AM PST · by SeekAndFind · 26 replies
    The Economic Collapse Blog ^ | 11/10/2012 | Michael Snyder
    By Michael, on November 9th, 2012 The victory by Barack Obama on election night has resulted in a huge wave of firings and layoffs all over America. A large number of businesses seem to have suddenly shifted into panic mode. The number of layoff announcements that we have seen in the last 48 hours has been absolutely shocking. So why is this happening? Well, the truth is that the federal government is absolutely suffocating small businesses all over America with rules, regulations and taxes. If you have never tried to run a small business, then you have no idea...
  • Bankrupt Bakers Footwear liquidating 21 Los Angeles-area stores (150 altogether)

    11/11/2012 4:11:50 AM PST · by 2ndDivisionVet · 9 replies
    The Los Angeles Daily News ^ | November 9, 2012 | Gregory J. Wilcox, Staff Writer
    Bankrupt Bakers Footwear Group on Friday began liquidating 150 stores across the country, including 21 in the Los Angeles area. The St. Louis-based company's stores are being liquidated by Tiger Capital Group and SB Capital Group and the process should be completed by year's end. Stores being closed have about $30 million in inventory, the companies said in a statement. There are 33 stores in California. The going-out-of-business sales involve 70 percent of the group's Bakers and Wild Pair mall-based stores, which are familiar to shoppers throughout Los Angeles and Orange counties. Bakers Footwear Group sells a private-label and national-brand...
  • Economy: Post-Election Firings and Layoffs Surge

    11/10/2012 1:41:38 PM PST · by 2ndDivisionVet · 71 replies
    Market Daily News ^ | November 10, 2012 | Michael Snyder
    The victory by Barack Obama on election night has resulted in a huge wave of firings and layoffs all over America. A large number of businesses seem to have suddenly shifted into panic mode. The number of layoff announcements that we have seen in the last 48 hours has been absolutely shocking. So why is this happening? Well, the truth is that the federal government is absolutely suffocating small businesses all over America with rules, regulations and taxes. If you have never tried to run a small business, then you have no idea how oppressive this system actually is for...
  • John Schnatter Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut

    11/10/2012 12:23:22 AM PST · by 2ndDivisionVet · 28 replies
    WPTV-TV ^ | November 8, 2012 | Jessica Lipscomb
    A day after Barack Obama earned a second term in the White House, Papa John's founder and CEO John Schnatter said the president's signature health-care reform law would increase his business costs and possibly result in employees' hours being cut. Schnatter, a part-time Naples resident, made the comments Wednesday night inside a small auditorium at Edison State College's Collier County campus. In August, he made national headlines after telling shareholders the Affordable Care Act — commonly known as Obamacare — would result in a 10- to 14-cent increase for customers buying a pizza. "I got in a bunch of trouble...
  • Scores of US Businesses Announce Closings and Layoffs Due to Obama's Re-election

    11/09/2012 10:27:25 AM PST · by 2ndDivisionVet · 17 replies
    The Examiner ^ | November 9, 2012 | Barry Secrest
    Over the days following President Obama's re-election, the US stock market has undergone a two day sell-off resulting in a loss of over 400 points. On Wednesday, immediately following the election, the market suffered it greatest single day loss of the year. While numerous experts point to the Europe debt crisis or an approaching fiscal cliff in the US as the culprit, many business owners have indicated Obama's re-election as a direct cause of the faltering business climate and loss of confidence. One Las Vegas business owner, after having warned his employees of a certain lay-off if Obama were re-elected,...
  • Research in Motion lays off workers; Irving office to remain open (Blackberry phone, 200 laid-off)

    11/08/2012 3:46:54 PM PST · by 2ndDivisionVet · 9 replies
    The Dallas Business Journal ^ | November 7, 2012 | Jeff Bounds, Senior Staff Writer
    Research in Motion, the maker of the BlackBerry smartphone, did a layoff at its U.S. headquarters in Irving Wednesday, a source familiar with the situation said. The source, who requested anonymity because of the sensitivity of the matter, confirmed that a majority of those affected were call-center staffers. There was speculation that approximately 200 staffers were let go, although the source could not confirm a number. RIM employs in the ballpark of 700 people in Irving, the source said. In an emailed statement, a RIM spokesman declined to comment on the layoff. The company is reducing its global workforce by...
  • Wind industries lay off hundreds of workers

    11/08/2012 3:04:08 PM PST · by 2ndDivisionVet · 27 replies
    Minnesota Public Radio ^ | November 6, 2012 | Dan Gunderson
    MOORHEAD, Minn. — Hundreds of workers in our region are losing their jobs as wind turbine manufacturers cut production. The federal tax credit that subsidizes wind energy is set to expire at the end of the year, and political uncertainty is putting the brakes on the wind industry. More than 500 workers are losing their jobs in the Red River Valley. By the end of November, 345 workers who make wind turbine blades at a Grand Forks, N.D. factory will be out of work. Bill Burga, who heads manufacturing in North and South America for LM Wind Power, the Denmark-based...
  • Exide to idle operations in Laureldale, lay off 150

    11/08/2012 2:42:45 PM PST · by 2ndDivisionVet · 5 replies
    The Reading Eagle ^ | November 8, 2012
    Exide Technologies announced Thursday that it will be idling its lead recycling operations in Laureldale and laying off 150 workers, effective no later than March 31. Idling means that all of the permits and approvals will be kept to date and the plant will be maintained in case Exide wants to reopen it at a later date, according to Susan Jaramillo, spokeswoman for Exide. The plant has been operating since the 1930s. The company will continue to operate its plastics recycling business with about 24 employees. "This decision was based on several factors including the dramatic swings in the lead...
  • TE Connectivity to close Guilford plant, lay off 620

    11/08/2012 1:24:27 PM PST · by 2ndDivisionVet · 5 replies
    The Piedmont Triad Business Journal ^ | November 8, 2012 | Matt Evans and Amy Dominello Braun
    TE Connectivity, which makes electrical connectors for appliances and other devices, will close its factory in north High Point and eliminate 620 jobs, according to a company official. The closure and layoffs will happen in phases through the end of 2013, said Tom Peacock, a spokesman for the Pennsylvania-based firm said. TE Connectivity (NYSE: TEL) was known as Tyco Electronics until a name-change in 2011. Peacock said the closure of the facility will not impact the company’s other Triad facilities, and 50 employees from the closing factory will be transferred locally. TE Connectivity has three other Triad facilities. Peacock said...
  • Values, Not Demographics, Won the Election (He's serious!)

    11/08/2012 1:05:11 PM PST · by 2ndDivisionVet · 22 replies
    The New York Times ^ | November 7, 2012 | Joel Benenson
    MUCH of the coverage of Tuesday’s results has focused on the strength of Barack Obama’s coalition — minorities, women and young voters. But that analysis misses the real point. The contours of the 2012 presidential race were shaped less by the country’s changing demographics than by the underlying attitudes and values of American voters, who are always far more complex than they appear to pollsters. The president’s victory was a triumph of vision, not of demographics. He won because he articulated a set of values that define an America that the majority of us wish to live in: A nation...
  • Forward! To mass layoffs!

    11/08/2012 9:48:06 AM PST · by Red Steel · 113 replies
    Human Events ^ | 11/8/2012 07:58 AM | John Hayward
    Obamanomics grinds grimly onward,  as CNBC brings word that on the day after the election, “Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California, and consolidate several business units to cut costs.”  It was sweet of them to keep that under wraps until after the election, wasn’t it? And that’s not even the dreaded “sequestration” layoffs, which Obama broke the law to convince defense contractors to keep under wraps until after the election.  Those are yet to come.  The upside to living in a banana Republic...
  • The Free Republic "Elections Have Consequences" Repository

    11/08/2012 10:08:08 AM PST · by ScottinVA · 69 replies
    Self | 8 November 2012 | ScottinVA
    Fellow FReepers -- This is designed to serve as a single repository for layoff announcements, stories and other related news pertaining to the future dismantling of our economy due to the re-election of Barack Obama. The goal here is a one-stop source to bolster our argument that Obama's reelection is truly the detriment to our economic well-being.
  • Jobless claims fall; Sandy distorts data

    11/08/2012 5:48:13 AM PST · by John W · 8 replies
    nbcnews.com ^ | Reuters
    WASHINGTON - The number of Americans filing new claims for unemployment benefits fell last week, a sign the labor market's slow recovery was gaining traction although a severe storm distorted the data. Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 355,000, the Labor Department said on Thursday. That was below the median forecast in a Reuters poll of 370,000. An analyst from the department said Sandy, a mammoth storm that slammed into the East Coast on October 29, boosted claims in some states by leaving people out of work, but also reduced claims in at least...
  • Republican Business Owner Fires 8-Employess (all Obama supporters) Day After Election

    11/07/2012 8:52:48 AM PST · by Arcy · 74 replies
    Cannot Reveal Due to Possibility of Lawsuits | 11-7-12 | Arcy
    The day after the election, 8-employees of a Florida based company were individually called into the office of management and informed that their services would no longer be needed following the Thanksgiving Holiday weekend. The owner and his company cannot be named for fear of legal hassles and thug reprisals, even though Florida is a "right-to-work-state". He had previously let it be known to trusted individuals outside the company, that if Barack Obama was re-elected, the healthcare laws and other anti-business policies the Obama admistration is pushing would force his company to down-size, and that his down-sizing would begin with...
  • U.S. Shed 9,000 Mining, Energy Jobs in October, 17,000 Since May

    11/04/2012 4:42:41 AM PST · by george76 · 6 replies
    Heritage ^ | November 2, 2012 | Lachlan Markay
    Buried in Friday’s Bureau of Labor Statistics report on the country’s unemployment situation was this disheartening fact: 9,000 employees of the mining and resource extraction sector lost their jobs in October. That brings total job losses in that sector to 17,000 since May, according to BLS.
  • Black Unemployment Jumps 10.9% on Obama

    11/03/2012 10:10:11 PM PDT · by NaturalBornConservative · 3 replies
    Natural Born Conservative ^ | November 4, 2012 | Larry Walker Jr
    Are you better off today than four years ago? - By: Larry Walker, Jr. -According to the latest report from the Bureau of Labor Statistics, the official unemployment rate for all Americans rose by 1.3% since Barack Obama took office. But over the same period, the unemployment rate for Black Americans jumped by 10.9%, and the number of unemployed Black Americans climbed by 19.1%. So are we better off than we were four years ago? You might be, but the Black Community as a whole definitely is not. So will 90% of Blacks vote to re-elect Obama anyway? You betcha,...
  • Extended Jobless Benefits Set to Expire Dec. 29 (Nation-wide)

    11/02/2012 3:01:34 PM PDT · by 2ndDivisionVet · 20 replies
    Hispanic Business ^ | October 29, 2012 | Richard Craver
    The local economy, already bruised by a persistently high jobless rate, could take another hit as the new year begins, regardless of who is elected president. That's because all federal extended unemployment benefits will expire Dec. 29 unless Congress acts to extend them again. If the expiration occurs, North Carolinians would receive just up to 26 weeks of regular state benefits if they qualify for unemployment benefits, rather than what had been up to 99 weeks of state and federal benefits. Which means anyone whose job was terminated or ended after June 30 will not get any more federal unemployment...
  • Food Stamp Growth 75X Greater than Job Creation

    11/02/2012 10:00:53 AM PDT · by Gil4 · 11 replies
    The Weekly Standard ^ | Nov 2, 2012 | DANIEL HALPER
    With the latest jobs report, it is now the case that "Under Obama, Food Stamp Growth [Is] 75 Times Greater Than Job Creation," according to statistics compiled by the Republican side of the Senate Budget Committee. "For Every Person Added to Jobs Rolls Since January 2009, 75 People Added To Food Stamp Rolls." Here's a chart detailing the growth: Since January 2009, as the chart shows, a net of 194,000 new jobs have been created. During that same time, 14.7 million have been added to the food stamp rolls. "Simply put, the President’s policies have not produced jobs. During his...
  • Why The Unemployment Rate Is Direct Evidence Of Obama's Economic Failure (pic)

    11/02/2012 10:13:34 AM PDT · by The Looking Spoon · 2 replies
    The Looking Spoon ^ | 11-2-12 | The Looking Spoon
    Whether you accept this "deflated" rate (due to low labor force participation) or not there is no getting around this administrations abject failure on the economy.