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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
    Townhall.com ^ | 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
    (CNSNews.com) - 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...