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Keyword: unemployment

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  • Job Market Faces New Problem, Hitting One Unlucky Group Really Hard

    08/07/2013 4:03:46 PM PDT · by Hojczyk · 27 replies
    Yahoo Finance ^ | AUG 7,2013 | Matt Nesto
    According to Nick Colas, the chief market strategist at ConvergEx Group, recent graduates under 25 years-old are in a particularly bad spot right now. "It's usually college grads that do well," Colas says in the attached video."They get the first time jobs, they're pretty cheap to employ, and generally have pretty high job satisfaction." But, he says since the recession new government data shows that this unlucky group stands out in three key ways like never before. Overqualified: 52% of recent grads are in jobs where a college degree is not required. Colas calls this the "most startling" new problem,...
  • States Where It Is Hardest To Find Full-Time Work

    08/07/2013 8:57:20 AM PDT · by SeekAndFind · 19 replies
    Wall Street 24X7 ^ | 08/07/2013
    Source: Thinkstock As the nation continues to recover from the recession, not only is the unemployment rate down, but the underemployment rate — an important measure of the health of the job market — has been slowly declining as well.In 2012, 14.7% of all people in the workforce either had no job, were too discouraged to go looking, or were not working as much as they wanted. Through the 12 months ending mid-2013, this figure had fallen slightly to 14.3%. But in many states, underemployment remains persistently high. These are the states where it is hardest to find full-time work.Click...
  • The Great Obama Depression

    08/05/2013 9:11:42 AM PDT · by xzins · 23 replies
    Washington Times ^ | 3 Aug 134 | Judson Phillips
    A White House spokesman called Julys 7.4 percent unemployment rate proof that the U.S. economy is continuing to recover from the worst downturn since the Great Depression. He said it with a straight face. The data tell another story: America remains mired in the Great Obama Depression. The unemployment rate that the administration trumpets is a liars number. The formula for the unemployment figure that is released every month is rigged to look favorable to the administration in power. The true numbers from the Bureau of Labor Statistics show a far different picture. They show an America that is in...
  • New jobs disproportionately low-pay or part-time

    08/05/2013 8:02:22 AM PDT · by TangledUpInBlue · 12 replies
    AP ^ | 8/4/13 | Paul Wiseman
    WASHINGTON (AP) The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse. A disproportionate number of the added jobs were part-time or low-paying or both. Part-time work accounted for more than 65 percent of the positions employers added in July. Low-paying retailers, restaurants and bars supplied more than half July's job gain. "You're getting jobs added, but they might not be the best-quality job," says John Canally, an economist with LPL Financial in Boston. So far this year, low-paying industries have provided 61 percent of the nation's job growth,...
  • Full-Time Employment Down Over 5 Million Since 2007

    08/05/2013 8:14:13 AM PDT · by Kaslin · 5 replies ^ | August 5, 2013 | Mike Shedlock
    PEW Social Trends research shows a Record 21.6 Million Young Adults Live in Their Parents Home Here are some clips from the fascinating PEW study. In 2012, 36% of the nations young adults ages 18 to 31 the so-called Millennial generationwere living in their parents home, according to a new Pew Research Center analysis of U.S. Census Bureau data. This is the highest share in at least four decades and represents a slow but steady increase over the 32% of their same-aged counterparts who were living at home prior to the Great Recession in 2007 and the 34% doing so...
  • Part-time jobs account for 97% of 2013 job growth

    08/05/2013 7:40:44 AM PDT · by SeekAndFind · 13 replies
    Hotair ^ | 08/05/2013 | Ed Morrissey
    Being on vacation last week meant that I missed the jobs report for July, which turned out to be as unremarkable as most of those in the four-plus years of the so-called economic recovery. The media reports I did catch while on the cruise focused mainly on the fact that the jobs added in July missed the expectations of analysts, and not on the fact that adding only 162,000 jobs meant another extension of stagnation, as the US economy needs ~150,000 jobs added each month just to tread water, thanks to population growth. That’s not even a decent maintenance number,...
  • July Unemployment: Ben & Barack Poison the Economy

    08/05/2013 7:16:10 AM PDT · by SeekAndFind · 2 replies
    RCM ^ | 08/05/2013 | Louis Woodhill
    <p>The July "Employment Situation" report that came out on Friday provided evidence that our economy is being poisoned by the monetary machinations of Federal Reserve Chairman Ben Bernanke and the tax and regulatory depredations of President Obama.</p> <p>Free-market economies have a natural tendency to grow and thrive. If left alone, they will recover. That the U.S. economy is as sick as it is today, more than four years into Obama's so-called "recovery," suggests that economic foul play is at work.</p>
  • Mysery & Poverty For All

    08/04/2013 10:05:03 PM PDT · by publius321 · 8 replies
    Obama's part-time nation.
  • New jobs disproportionately low-pay or part-time

    08/03/2013 7:14:26 PM PDT · by Olog-hai · 22 replies
    Associated Press ^ | Aug. 3, 2013 4:20 PM EDT | Paul Wiseman
    The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse. A disproportionate number of the added jobs were part-time or low-payingor both. Part-time work accounted for more than 65 percent of the positions employers added in July. Low-paying retailers, restaurants and bars supplied more than half Julys job gain. Analysts say some employers are offering part-time over full-time work to sidestep the new health care laws rule that they provide medical coverage for permanent workers. (The Obama administration has delayed that provision for a year.)
  • Sen. Collins: Obamacare's 30-Hour Rule Will Damage Businesses

    08/03/2013 9:36:23 AM PDT · by Jim Robinson · 32 replies
    NewsMax ^ | Aug 3, 2013 | By Sandy Fitzgerald
    Obamacare has "perverse incentives" that allow employers to cut their employees' work hours, says Maine Republican Sen. Susan Collins, who has introduced a bill to change the healthcare law's definition of full time work from 30 hours a week to 40. Collins, in Saturday's GOP address, noted that under Obamacare, anyone working an average of 30 hours a week is considered full-time, meaning many employers may cut their hours so they won't have to provide them with insurance. A 40-hour work week is full-time, we all know that," said Collins. She noted in her address that her family founded a...
  • Unemployment Climbs to 9.4% Among Hispanics; Double What It Was 7 Yrs Ago

    08/03/2013 9:13:38 AM PDT · by Jim Robinson · 23 replies
    CNSNews ^ | Aug 2, 2013 | By Terence P. Jeffrey
    ( - Unemployment among American Hispanics climbed to 9.4 percent in July, up from 9.1 percent in May and June, and 9.0 percent in April, according to data released today by the Bureau of Labor Statistics. During President Obama's time in office, the number of American Hispanics who are unemployed has increased 161,000--rising from 2,205,000 in January 2009 to 2,366,000 in July 2013. BLS defines a person as unemployed if they are 16 years or older and do not have a job, but have actively sought one in the last four weeks. The Hispanic community has been hit harder by...
  • Five scary charts and facts about whos working and not working in this economy

    08/03/2013 5:35:14 AM PDT · by SeekAndFind · 20 replies
    Hotair ^ | 08/03/2013 | Mary Katherine Ham
    At this point, even Ezra Klein is conceding that the “recovery” growth rate of 1.7 percent is a “horrific” new normal, so I can be accused of no partisan quest driving me to point out these depressing facts about our current economy, but a desire that we harness the good sense to abandon what’s not working and get the heck out of this mess. 1. Workforce participation: 2008-20132. Workforce participation 2008-2013, compared with 2000-2008:Fed charts via @bdomenech, who writes a great morning newsletter, The Transom, which you can sign up for, here.3. The surge of part-time employment:4. “[O]f the 953K...
  • Young Americans Left Out Of Obama's 'Jobs Recovery'

    08/03/2013 5:23:02 AM PDT · by SeekAndFind · 12 replies
    IBD ^ | 08/03/2013
    A (New) Lost Generation: As the media focus on a slight drop in unemployment, an ugly trend gets ignored: the declining participation of young Americans in the job market. We'll pay for this for decades to come. We keep hearing the job market is "improving" or even "solid," with 162,000 new positions created in July and unemployment falling to 7.4%, the lowest since 2008. But one group is sitting it out. And it's the one that most enthusiastically embraced Barack Obama in both of his presidential elections: America's young. Their unemployment rate is a shocking 16.1%. Increasingly, those ages 18...
  • Black Unemployment Rate Closer to 37.9%

    08/02/2013 9:20:19 PM PDT · by NaturalBornConservative · 16 replies
    Natural Born Conservative ^ | August 3, 2013 | Larry Walker Jr
    I am a firm believer in the people. If given the truth, they can be depended upon to meet any national crisis. The great point is to bring them the real facts. ~ Abraham Lincoln ~Phony Government Statistics, Detroit and Black Americans- By: Larry Walker II -One way the federal government could help reduce Black-on-Black crime and address the nations poverty crisis would be to start telling the truth about unemployment. The U.S. Bureau of Labor Statistics (BLS) publishes a set of completely phony statistics each and every month, in order to convince the public that our economic condition is...
  • Shocking: Black Teen Unemployment Rate 41.6%

    08/02/2013 7:19:59 PM PDT · by upbeat5 · 49 replies
    Breitbart ^ | August 2, 2013 | Mike Flynn
    Friday's jobs report was disappointing, but it also contained a truly heartbreaking statistic. Black teen unemployment is a shocking 41.6%. In July last year, the unemployment was considerably lower, at 36%. That almost half of black teens who want to work can't find jobs is a stain on Obama's economic policies. This isn't a numbers trick. This isn't a rate based on the whole black teen population in the country. This is the proportion of the black teen population that is looking for work but can't find a job. Just in March, the number was eight points lower at 33%....
  • Obamacare Killing Full-time Jobs Growth (81% Of Jobs Since March Were Part-time)

    08/02/2013 3:45:24 PM PDT · by whitedog57 · 14 replies
    Confounded Interest ^ | 08/02/2013 | Anthony B. Sanders
    According to the Bureau of Labor Statistics, July nonfarm payrolls (NFP) rose 162,000. Expectations were for 185,000 a big swing and a miss. Juness NFP was revised lower to 188,000. The unemployment rate fell from 7.5% to 7.4%. The rate dropped because the civilian labor force declined by 37,000 from 155,835 to 155,798. unemploymentrate080213 U6 unemployment, full-time and part-time unemployment rate, also fell slightly to 14%. u6un080213 Not in labor force increase by 240,000. notinfaborfore Labor force participation rate fell from 63.5% to 63.4%. lfp080213 And there are still greater than 11.5 million unemployed. unemployed080213 US Average Hourly...
  • Unemployment Rate Falls to 7.5%, But Real GDP Is 76% Lower Than The Same Point Under Reagan

    08/02/2013 9:54:31 AM PDT · by whitedog57 · 5 replies
    Confounded Interest ^ | 08/02/2013 | Anthony B. Sanders
    The good news in todays BLS report: the unemployment rate fell to 7.5%. The bad news? The recent real GDP revision revealed a dismal 1.7% real GDP growth. During the Reagan Recovery, we saw an unemployment rate of 7.5% in June 1984 when real GDP growth was 7.20%. The Q2 2013 real GDP growth rate is 76% lower than in Q2 1984. gdpunemp This is spite of the 10 year Treasury yield (green line) falling from 13.56% on June 30, 1984 to 2.30% as of today. That is an 83% drop in the ten year yield. gdpt10 Like in...
  • Obamacare Full Frontal: Of 953,000 Jobs Created In 2013, 77%, Or 731,000 Are Part-Time

    08/02/2013 7:52:16 AM PDT · by SeekAndFind · 4 replies
    Zero Hedge ^ | 08/02/2013 | Tyler Durden
    When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America's conversation to a part-time worker society is not "tapering": according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only...
  • So-so summer: Job growth disappoints; rate drops

    08/02/2013 7:17:53 AM PDT · by SeekAndFind · 2 replies
    CNBC ^ | 08/02/2013 | Jeff Cox
    Job growth continued in July as the U.S. economy added another 162,000 positionsenough to keep the recovery theme going but not a level likely to have a major effect on monetary policy. The number missed economist expectations of 184,000 and caused some movement in markets. Stocks opened lower and gold pared earlier losses, while Treasury yields headed lower, with the 10-year note most recently at 2.64 percent. However, the general feeling was that the numbers were unlikely to budge the Federal Reserve from its current position on quantitative easing. "Bottom line: Disappointment, but not enough disappointment to dissuade the Fed...
  • Stinking Jobs Report: 11.5 Million Still Unemployed, Part-time Jobs 77% of Jobs Created in 2013

    08/02/2013 7:06:04 AM PDT · by whitedog57
    Confounded Interest ^ | 08/02/2013 | Anthony B. Sanders
    According to the Bureau of Labor Statistics, July nonfarm payrolls (NFP) rose 162,000. Expectations were for 185,000 a big swing and a miss. Juness NFP was revised lower to 188,000. The unemployment rate fell from 7.5% to 7.4%. The rate dropped because the civilian labor force declined by 37,000 from 155,835 to 155,798. The rate dropped because the civilian labor force declined by 37,000 from 155,835 to 155,798. unemploymentrate080213 U6 unemployment, full-time and part-time unemployment rate, also fell slightly to 14%. u6un080213 Labor force participation rate fell from 63.5% to 63.4%. lfp080213 And there are still greater than 11.5...
  • US unemployment claims fall to 326K, 5 -year low

    08/01/2013 5:58:53 AM PDT · by John W · 30 replies
    AP via San Francisco Chronicle ^ | August 1, 2013 | Paul Wiseman
    WASHINGTON (AP) The number of Americans applying for unemployment benefits fell 19,000 last week to a seasonally adjusted 326,000, the fewest since January 2008. The decline shows the job market continues to strengthen. The Labor Department said Thursday that the less volatile four-week average slid 4,500 to 345,750. The July figures are typically volatile as the government adjusts for seasonal layoffs in the auto industry. Still, the trend in weekly unemployment claims in recent months has been positive. Applications, which are a proxy for layoffs, have fallen more than 12 percent this year. That's coincided with average job growth...
  • A Look at Michigans June Spike in Unemployment Rate

    08/01/2013 7:43:30 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 7/26/2013 | James Hohman
    Michigans recent increase in unemployment was caused by an uptick in the number of people looking for work. While an increased proportion of people looking for work is rarely good news, this time it is. The reversal of the states long-term trend of losing its workforce is a positive for the state. The labor force is the number of people in the state who are either looking for work or are employed. From 2001 to 2003, Michigan lost a substantial number of both jobs and people looking for work. The situation never recovered, despite small increases in the labor force...
  • Eurozone jobless data horrendous

    07/31/2013 2:21:36 PM PDT · by Olog-hai · 3 replies
    EU Business News ^ | 31 July 2013, 14:06 CET | (AFP)
    Eurozone unemployment continued at record highs in June and while a first fall in the jobless numbers for more than two years offers some hope, officials and analysts were cautious on the outlook. The figures remain horrendously high, a European Commission official said, stressing the need to press ahead with economic reforms needed to boost employment. Lets be frank. There is no silver lining here the figures are pretty much the same as the previous month. The 17-nation eurozone jobless rate came in at 12.1 percent, unchanged from May, the Eurostat data agency said on Wednesday.
  • Eurozone unemployment falls for first time in more than 2 years

    07/31/2013 12:49:13 PM PDT · by SeekAndFind
    Global Post ^ | 07/31/2013 | Alexander Besant
    Unemployment in the eurozone fell for the first time in over two years, according to new statistics. The new figures show that24,000 fewer Europeans were considered unemployed since May. The jobless rate in the 17-member eurozone is still high at 12.1 percent and a decrease in spending by shoppers in France Germany, and Spain will mar the promising new data. Domestic demand across Europe remains weak due to the downturn and austerity measures being taken by many nations. In the 27-member European Union, the unemployment rate is 10.9 percent, down from 11 percent in May. The jobless rate of young...
  • Obama reassures Democrats on health care, immigration

    07/31/2013 11:12:39 AM PDT · by Jim Robinson · 24 replies
    FOX News ^ | July 31, 2013 | AP
    President Obama sought Wednesday to reassure Democrats nervous about the impact of his health care law and the prospects for immigration legislation, telling them "You're on the right side of history." In the first of two closed-door meetings on Capitol Hill, Obama focused on financial gains as the economy emerges from the worst downturn since the Depression. He was warned about nominating former Treasury Secretary Larry Summers as chairman of the Federal Reserve and faced questions about his health care law. Some lawmakers complained that three years after its passage, the law still baffles many Americans. Rep. Ed Perlmutter, D-Colo.,...
  • AP: 80% of Americans struggle with fears over joblessness and poverty; Obama keeps his promise

    07/31/2013 9:02:39 AM PDT · by Oldpuppymax · 7 replies
    Coach is Right ^ | 7/31/13 | Kevin "Coach" Collins
    In a surprising acknowledgement of the truth, the Associated Press has reported, Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream. The damning report based on what the AP calls exclusive survey data continues with, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend. Given Barack Obamas latest pivot toward the problems of unemployed Americans which by some accounts was his 19th announced such pivot- the...
  • New EPA chief: Can everybody please stop talking about environmental regulations killing jobs?

    07/31/2013 8:00:24 AM PDT · by SeekAndFind · 44 replies
    Hotair ^ | 07/31/2013 | Erika Johnsen
    …How ’bout, no? Via the Washington Post: The new head of the Environmental Protection Agency told an audience at Harvard Law School on Tuesday that cutting carbon pollution will “feed the economic agenda of this country” and vowed to work with industry leaders on shaping policies aimed at curbing global warming.“Climate change will not be resolved overnight,” EPA Administrator Gina McCarthy told the 310-member audience. “But it will be engaged over the next three years. That I can promise you.”McCarthy made a full-throated defense of her agency’s right to address greenhouse-gas emissions and other pollutants, saying that air-quality regulations and...
  • Obamas clueless message to Americas middle class shows a presidency out of touch with reality

    07/31/2013 3:06:14 AM PDT · by 2ndDivisionVet · 27 replies
    The London Telegraph ^ | July 31, 2013 | Nile Gardiner
    President Obama has been rolling up his sleeves campaigning across the country delivering a surreal stump speech message supposedly aimed at the middle class: big government works, Obamacare is manna from heaven, the wave of recent scandals are phony figments of the imagination, and all economic problems are the fault of the Republicans. Conveniently, he leaves out the bankruptcy of Detroit, a city run by his own party for more than half a century. His message is so stale and unconvincing, that even The New York Times and Washington Post have noticed. Both papers, usually loyal to Obama, remarked that...
  • EXography: Many disability recipients admit they could work

    07/30/2013 8:46:58 AM PDT · by magellan · 25 replies
    Washington Examiner ^ | JULY 30, 2013 | LUKE ROSIAK
    Recipients of federal disability checks often admit that they are capable of working but cannot or will not find a job, that those closest to them tell them they should be working, and that working to get off the disability rolls is not among their goals. More baffling, most have never received significant medical treatment and not seen a doctor about their condition in the last year, even though medical problems are the official reason they don't work. Those who acknowledge they're on disability because they can't find a job say they make little effort to find one, according to...
  • Affordable Care Act may free some from working for health insurance

    07/29/2013 12:32:52 PM PDT · by Lorianne · 10 replies
    Marketplace ^ | 15 July 2013 | Dan Gorenstein
    There are lots of predictions the Affordable Care Act will force employers to lay off employees, reduce hours, and cut seasonal positions. But a report released Monday from the National Bureau of Economic Research finds that up to nearly 1 million workers may voluntarily leave their jobs because of the new health care law. For empirical evidence of this, the authors point to something dramatic that happened in Tennessee back in 2005. Finances forced state officials to kick 170,000 people off the Medicaid program, which primarily serves low-income residents. Thats the largest disenrollment in the history of Medicaid. So this...
  • The Worst States to Be Unemployed

    07/29/2013 9:51:58 AM PDT · by SeekAndFind · 12 replies
    Wall Street 24X7 ^ | 07/29/2013
    As a result of the sequester, which went into effect in early 2013 to help cut the U.S. budget deficit, a federal program intended to lengthen the amount of time jobless residents can receive unemployment benefits will be substantially reduced. Cutting Emergency Unemployment Compensation will mean an end to an important source of income for many out-of-work Americans. Unemployment rates have fallen nationwide, but there are still nearly 12 million active job seekers who cannot find work. While unemployment is rarely a favorable situation, in certain parts of the country, the unemployed can expect to find a job more easily...
  • Spains New Squatters

    07/28/2013 2:20:43 PM PDT · by 2ndDivisionVet · 30 replies
    MALAGA, Spain, Jul 28 (IPS) - "You live there for free, don't you?" asked a woman as she passed by the Buenaventura "corrala", a community in a building in this southern Spanish city occupied since February by families evicted from their homes for falling behind in their mortgage payments due to unemployment. "We don't want any handouts. We want to pay, through a social rent scheme," replied 42-year-old Yuli Fajardo, who was living in a tent before she found shelter along with some 40 other people in one of the 13 spacious apartments in this four-storey block of flats in...
  • After One Full Term of Obama 4 of 5 American Adults Face Near-Poverty & No Work

    07/28/2013 12:15:23 PM PDT · by 2ndDivisionVet · 90 replies
    Gateway Pundit / The Associated Press ^ | July 28, 2013 | Jim Hoft
    Worst. President. Ever. After four-and-a-half years of Obama four of five American adults sturggle with joblessness and near-poverty conditions.The AP reported: Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.....
  • Exclusive: 4 in 5 in US face near-poverty, no work [OBAMANOMICS!]

    07/28/2013 9:19:33 AM PDT · by SoFloFreeper · 47 replies
    ap/big story ^ | 7/28/13 | HOPE YEN
    Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream. Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend. The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality. Hardship...
  • Fewer Full-Time Jobs: More Class Warfare A'Comin'

    07/28/2013 6:46:20 AM PDT · by Kaslin · 9 replies ^ | July 28, 2013 | Mike Shedlock
    A Gallup Poll on US Payroll Employment for Age Group 18 to 29 shows Fewer Young Adults Holding Full-Time Jobs in 2013. Fewer Americans aged 18 to 29 worked full time for an employer in June 2013 (43.6%) than did so in June 2012 (47.0%), according to Gallup's Payroll to Population employment rate. The P2P rate for young adults is also down from 45.8% in June 2011 and 46.3% in June 2010. Younger Americans Less Likely to Have Full-Time Work Now, Regardless of Education Older Americans More Likely to Hold Full-Time Jobs Now Than a Year Ago The lack of...
  • Unions by another name? Lawmakers question rise of 'worker centers'

    07/27/2013 9:21:32 AM PDT · by TurboZamboni · 5 replies
    fox ^ | 7-27-13 | Mike Emanuel
    Roughly 200 so-called "worker centers" across the country are representing employees who work in everything from the fast-food industry to the taxi business. But some key Republican lawmakers are asking if those centers are actually acting more like labor unions. The concern is that the rise of these groups has become a way around the rules that govern bona-fide unions -- like requirements to submit financial filings to the feds every year. House education committee Chairman John Kline, R-Minn., and Rep. Phil Roe, R-Tenn., sent a letter this week to newly confirmed Labor Secretary Thomas Perez requesting that he clarify...
  • The Obama Economy's Lowered Expectations

    07/26/2013 3:52:00 PM PDT · by Kaslin · 6 replies ^ | July 26, 2013 | Donald Lambro
    In the sixth year of Barack Obama's presidency, America's job-starved economy remains weak, insecure and undernourished. That's not the economic picture reported on the nightly network news, where anchors report only "good" numbers and ignore bad ones. But the painful reality is that the economy is slowing down, even from its widely acknowledged anemic levels. The economic growth rate (as measured by the Gross Domestic Product) has fallen, and many economists have lowered their GDP forecasts to a snail's pace 1.5 percent annualized rate of growth for the past three months. Some say it's slowed to less than 1 percent....
  • Obama the Unembarrassable

    07/26/2013 7:44:45 AM PDT · by Kaslin · 32 replies ^ | July 26, 2013 | David Limbaugh
    Sometimes I marvel at President Obama's apparent lack of an embarrassment sensor. How can he stand before the American people and deliver speech after speech making the same tired points and pretending he is delivering the speech of the century? Is he truly impervious to feelings of self-consciousness, or is he trying to play us for fools? His speech at Knox College on the economy contained all the ingredients of a vintage Obama speech: much fanfare about little substance; a stunning distortion of his record across the board, especially on the economy; refusal to accept responsibility and blaming others for...
  • Unemployment Will Get Worse in 2014

    07/25/2013 3:39:20 PM PDT · by Lorianne · 15 replies
    LinkedIN ^ | 25 July 2012 | Jim Clifton CEO Gallup
    President Barack Obama gave a major economic policy speech yesterday. Heres what he didnt say, and probably wont ever say: Businesses will not begin new, significant hiring this year or in 2014. Business leaders around the country tell me theyre not thinking about new hires right now. Rather, their sole focus is on how to win new customers. Too few people know this, but employees follow customer growth, not the other way around. Most importantly, businesses want to survive. Theyve cut everything to the bone and stored cash, and they wont risk anything until they experience customer growth. New hires...
  • No Country For Young People (Unemployment, Obamacare Premiums, Homeownership Rates)

    07/25/2013 12:29:44 PM PDT · by whitedog57 · 11 replies
    Confounded Interest ^ | 07/25/2013 | Anthony B. Sanders
    As high schools and universities turn out more and more students (like George Mason University), I felt it was time to review the economic environment facing the young people in the US, aka “Millennials.” My conclusion? This is no country for young people. At least in the current state of affairs. Let’s start with healthcare premiums under the “affordable” healthcare act. According to a study by the American Action Forum, 45% of respondents who are currently covered report they would no longer purchase health insurance and would instead pay the penalty each year if their premium costs increase 30% in...
  • NY ICE Stands Up For American Workers

    07/24/2013 3:44:27 PM PDT · by OddLane
    American Rattlesnake ^ | July 24, 2013 | Gerard Perry
    The breadth of support enjoyed by BALA in its March for Jobs and equitable treatment of American workers can be seen in lengths so many thousands of patriotic citizens traveled in order to attend this rally. From South Central Los Angeles to the tip of New England, angry Americans of divergent ideologies and different races joined hands in order to stand up for the besieged workers of this nation. One group represented was the indefatigable New Yorkers for Immigration Control and Enforcement, whose members can be seen marching towards Freedom Plaza in the photo above. Joanna Marzullo, President of NY...
  • The US Greek Isles: Teen Unemployment Resembles Greece/Spanish Unemployment Rates

    07/23/2013 8:14:31 AM PDT · by whitedog57 · 8 replies
    Confounded Interest ^ | 07/23/2013 | Anthony B. Sanders
    It is sad to report that Greece has overtaken Spain in terms of unemployment, with both above 25% and rising. Greece is the gold line and Spain is the white line. greecespainunempli While the US has lower unemployment rates than Greece or Spain, our TEEN unemployment rate is very Greek-like at 24.20% (green line). unemp1619 If we compare US teen unemployment to U6 full-time and partial unemployment, they track together. And U6 unemployment is at a whopping 14.3% u6teen On a different note, Spanish house prices continue to decline. Ugh. spainhp072313 painhousing
  • Black Lawmakers to Host First Hearing on the Status of Black Males

    07/22/2013 6:33:43 PM PDT · by 2ndDivisionVet · 63 replies
    Black Entertainment Television ^ | July 22, 2013 | Joyce Jones
    The hearing will address education, unemployment incarceration and other challenges.Young, African-American men are disproportionately more likely to be incarcerated. Their unemployment rate for June was 13 percent. A study by the Schott Foundation for Public Education found that just 52 percent graduated from high school in 2009-10. Black lawmakers on Capitol Hill in March established the Congressional Caucus on Black Men and Boys to raise awareness about issues like these that disproportionately affect this demographic. On July 24, the group will hold its first hearing, titled "The Status of Black Males: Ensuring Our Boys Mature Into Strong Men." The timing...
  • Pope Francis Warns Of Perils Of Global Unemployment

    07/22/2013 1:45:22 PM PDT · by Biggirl · 28 replies
    The Wall Street Journal ^ | July 22, 2013l | Stacy Meichtry,Nicholas Casey
    ABOARD THE PAPAL PLANEWidespread youth unemployment is creating a generation of the jobless, Pope Francis said Monday, setting the tone for a weeklong visit to Brazil that marks the first foreign trip of his papacy.
  • Jobs Crisis Far Worse Than Official Data Show, Former Official Says

    07/20/2013 6:34:29 PM PDT · by Innovative · 24 replies
    Investor's Business Daily ^ | July 19, 2013 | IBD Editorial Staff
    While it barely got mentioned by the mainstream media mob, Hall says the plunging employment-to-population ratio leads him to believe the real rate of unemployment is much higher than 7.6% perhaps 10.6%. Hall notes that June's 58.7% employment-to-population ratio is actually lower than when the recession began at the end of 2007. "And according to our biggest job creators, small business owners, government is playing a big role in holding back the economy," he added. Sadly, despite ample evidence their policies have failed, President Obama and the progressive wing of the Democratic Party plunge recklessly ahead with their plans...
  • Study: Obamacare could cause 1 million low-income Americans to move from work to welfare

    07/16/2013 8:07:56 AM PDT · by Hojczyk · 23 replies
    AEI ^ | July 15,2013 | James Pethokoukis
    Applying our labor supply estimates directly to this population, we predict a decline in employment of between 530,000 and 940,000 in response to this group of individuals being made newly eligible for free or heavily subsidized health insurance. This would represent a decline in the aggregate employment rate of between 0.3 and 0.6 percentage points from this single component of the ACA. The researchers arrive at these numbers by examining the labor market impact of Tennessees 2005 decision to discontinue its expansion of TennCare, the states Medicaid system. They found that the TennCare disenrollment caused a large and immediate labor...
  • U.S. initial jobless claims fall by 24,000 to 334,000 last week

    07/18/2013 7:54:09 AM PDT · by SeekAndFind · 9 replies
    Investing ^ | 07/18/2013
    The number of people who filed for unemployment assistance in the U.S. fell more-than-expected last week, easing concerns over the U.S. jobs market, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending July 13 fell by 24,000 to a seasonally adjusted 334,000, compared to expectations for a drop of 13,000 to 345,000. Jobless claims for the preceding week were revised down to a gain of 358,000, from a previously reported 360,000. Continuing jobless claims in the week ended July 6 rose to...
  • For the Last Time, Robots Do NOT Cause Unemployment

    07/16/2013 7:11:04 AM PDT · by SeekAndFind · 13 replies
    RCM ^ | 07/16/2013 | Scott Winship
    Parts of the nation's commentariat have been seized, in recent months, with a nasty bout of technophobia. Technophobia is a psychological condition, but infectious. Hardly a week goes by without a new outbreak documented in another blog post or business column. To judge from the symptomatic hand-wringing the epidemic is spreading, we are on the verge of mass unemployment as work becomes increasingly automated. Technophobia is an affliction we have yet to cure even after decades of evidence-based ameliorative efforts. We might not have expected much resistance to the disease in earlier times, before evidence accumulated that the fears it...
  • DC March For Jobs (Watch Live)

    07/15/2013 8:46:20 AM PDT · by OddLane · 8 replies
    American Rattlesnake ^ | July 15, 2013 | Ustream
    Steve King is giving an amazing speech right now. Click on the link to view it.
  • My week in the man desert: In some parts of Britain, 70% of children live without fathers

    07/14/2013 12:00:05 PM PDT · by Olog-hai · 42 replies
    Daily Mail (UK) ^ | 09:15 EST, 11 July 2013 | Yasmin Alibhai-Brown
    A sparkling clean canteen in a community center, where families talk quietly over their sandwiches. At the counter, a fight breaks out between five young men. The cook tries to calm the men down and asks them to leave, but it gets nastierchairs are thrown; a knife is produced. See them? How angry they be? an older man sitting outside says to me. Not one of them ever knew their fathers. Areas such as Ladywood, an inner-city corner of Birmingham, are utterly dominated by single-parent families. And the effects are devastating. The area has the highest number of...