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Keyword: unemployment

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  • If Employment Is So Great, Why Are Withholding Taxes Declining?

    09/09/2013 8:16:50 AM PDT · by SeekAndFind · 4 replies
    Of Two Minds ^ | 09/09/2013 | Charles Hugh Smith
    Submitted by Charles Hugh-Smith of OfTwoMinds blog,It's difficult to have a meaningful national debate about economic policy when "headline numbers" are juiced to make things appear rosier than reality. Since unemployment statistics are either suspect or blatantly bogus, we must look for other less manipulated statistics for some modicum of truth. Key statistics of employment, income and production are vital propaganda tools for the status quo, and the temptation to adjust them to manage perceptions is apparently irresistible. Here in the U.S., unemployment statistics are a travesty of a mockery of a sham: Real Unemployment Rate Rises To 11.4%,...
  • Small Businesses Not Adding Workers Like They Used to

    09/09/2013 6:54:51 AM PDT · by SeekAndFind · 17 replies
    Wall Street Journal ^ | 09/07/2013 | Kathleen Madigan
    <p>It’s well known that job growth has been lacking in this recovery. One reason for the disappointment is that small businesses aren’t adding workers like they used to.</p> <p>Economists at Goldman Sachs explored the shift in hiring by business size using the Labor Department‘s Business Employment Dynamics survey. Although the BED data lag, the Goldman economists found small firms (defined as businesses employing less than 1-49 workers) have indeed underperformed medium and large companies whether underperform is defined as “a slower rate of job growth during the recovery relative to other firm size classes or a failure to regain the absolute magnitude of job losses incurred during the recession.”</p>
  • Let’s face it: The US job market is dead in the water and not getting better

    09/09/2013 6:52:47 AM PDT · by SeekAndFind · 21 replies
    American Enterprise Institute ^ | 09/08/2013 | James Pethokoukis
    How do you know the August jobs report was pretty bad? When the best thing you can say is that it might have met Wall Street expectations if not for a temporary shutdown in the porn industry last month. (The motion picture and sound recording industry lost 22,000 jobs in August, according to the BLS.) Sure, the White House can argue, as economic adviser Jason Furman did right after the report’s release, that the “incoming economic data broadly suggest that the recovery continues to make progress.” But consider the following:1. This was the jobs report that was supposed to...
  • The Number Of Private Sector Jobs Fell By 278,000 Last Month But The Economy Is Getting Better?

    09/08/2013 7:41:09 AM PDT · by SeekAndFind · 12 replies
    TEC ^ | 09/07/2013 | Michael Snyder
    Have you heard about the "wonderful" employment numbers that were just released? Last month, the unemployment rate declined to 7.3 percent. Somehow this happened even though the percentage of working age Americans with a job actually declined and the number of private sector workers fell by 278,000. So how did the federal government magically produce a drop in the unemployment rate even though less people have jobs? Well, they did it by pretending that more than half a million Americans "dropped out of the labor force" last month. If the government is to be believed, the number of Americans that...
  • 90,473,000: Record Number Not in Labor Force—Up Almost 10M Under Obama

    09/07/2013 7:22:51 PM PDT · by Olog-hai · 11 replies
    Cybercast News Service ^ | September 6, 2013 - 9:42 AM | Terence P. Jeffrey
    The number of Americans who are 16 years or older and who have decided not to participate in the nation’s labor force has pushed past 90,000,000 for the first time, according to data released today by the Bureau of Labor Statistics. The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. A person is not participating in the labor force if they are 16 or older and have not sought a job in the last four...
  • Meager August Jobs Growth Obscures A Disastrous Employment Picture

    09/07/2013 6:11:23 AM PDT · by SeekAndFind · 6 replies
    IBD ^ | 09/07/2013
    Another month of high expectations for jobs, another month of deep disappointment. How long does this lackluster performance have to go on before we recognize its true cause? Some economists and pundits viewed the 169,000 new jobs created in August as confirmation of a continuing modest rebound in job growth that's now underway. They're wrong. In fact, the data are far worse than they appear. Not only did the actual number of jobs come up short, but June and July totals were revised down by 74,000. Recovery summer, anyone? Other data in the jobs report show similar weakness: • Some...
  • Jobs numbers reflect another bleak month for American workers

    09/06/2013 4:08:39 PM PDT · by richardb72 · 17 replies
    FoxNews.com ^ | September 06, 2013 | John Lott
    Friday’s new job numbers show something workers already knew: they face a very bleak job market. Unfortunately, Americans have been facing tough times for many years now. According to the latest Gallup poll, Obama’s job approval rating on the economy stands at just 35 percent. After over four years, this continues to be, by far, the worst recovery on record. And that goes for income as well as for job growth. Too often the media’s gauge of whether the economy is improving rests solely on the number of jobs created or the unemployment rate. And indeed, 169,000 jobs were added...
  • ABCNews.com's Facebook Page Omits Biggest News from September Unemployment Report

    09/06/2013 12:42:36 PM PDT · by Kaslin · 7 replies
    NewsBusters.org ^ | September 6, 2013 | Ken Shepherd
    Reporting on the latest unemployment reports by the U.S. government, ABCNews's Facebook page curiously left out the most newsworthy statistic: 63.2 percent. That's where the labor force participation rate stands right now. [see screen capture below the page break] It's the lowest it's been since 1978. But here's how ABCNews's social media editors teased Facebook visitors: The U.S. economy added 169,000 jobs in August -- a bit weaker than economists expected. Meanwhile, the unemployment rate fell to 7.3%: http://abcn.ws/17JQof4 The linked September 6 story, by Susanna Kim, noted that the labor force participation rate has been steadily declining on President...
  • In Today's World, Workers Are Scared

    09/06/2013 5:31:17 AM PDT · by SeekAndFind · 8 replies
    RCM ^ | 09/02/3013 | Robert Samuelson
    <p>On this Labor Day, American workers face a buyers' market. Employers have the upper hand and, given today's languid pace of hiring, the advantage shows few signs of ending. What looms, at best, is a sluggish descent from high unemployment (7.4 percent in July) and a prolonged period of stagnant or slow-growing wages. Since 2007, there has been no gain in average inflation-adjusted wages and total compensation, including fringes, notes the Economic Policy Institute, a liberal think tank.</p>
  • August 2013 NFP: NFP + 169K, Exp. 180K

    09/06/2013 5:30:46 AM PDT · by Perdogg · 22 replies
    Zero Hedge Twitter ^ | Sept 6 2013 | Tyler Durden
    NFP + 169K, Exp. 180K— zerohedge (@zerohedge) September 6, 2013
  • It's OK to be an older worker in this economy; just don't lose your job

    09/05/2013 2:40:28 PM PDT · by SeekAndFind · 31 replies
    CNBC ^ | 09/05/2013 | By: Allison Linn
    t's the best—and worst—of times for older workers. The unemployment rate for Americans 55 and older is lower than for any other age group the government tracks, and far below the national average. But if an older worker loses a job, the length of time that person will stay unemployed is typically much longer than for any other age group. "There's a much higher prevalence of unemployment among young people, but the time that you spend in that state is much shorter," said Linda Barrington, executive director of the Institute for Compensation Studies at Cornell University. Darrel Keesee, 61, is...
  • French jobless rate tops 3 million for first time

    09/05/2013 1:49:25 PM PDT · by Olog-hai · 6 replies
    TheLocal.fr ^ | 05 Sep 2013 16:24 CET | Ben McPartland
    French unemployment rose for the first time above 3.0 million in the second quarter, but in a sign the upward trend is tailing off, the unemployment rate rose by only 0.1 percentage point to 10.5 percent, official data showed on Thursday. … The high level of young people without work (24.6%) is a particular concern for the left-wing government, which is focusing on raising competitiveness and reducing unemployment. … President François Hollande promised in July to reverse the rising trend of unemployment by the end of the year, saying that economic recovery was on the doorstep, but this was ridiculed...
  • Factory orders drop 2.4% in July, layoffs up in August

    09/05/2013 12:00:44 PM PDT · by SeekAndFind · 11 replies
    Hotair ^ | 09/05/2013 | Ed Morrissey
    <p>The number of planned layoffs at U.S. firms surged in August to their highest in half a year, with industrial goods manufacturers the hardest hit, a report on Thursday showed.</p> <p>Employers announced 50,462 layoffs last month, up 33.8 percent from 37,701 in July, according to the report from consultants Challenger, Gray & Christmas.</p>
  • Gallup Unemployment Survey Spikes To 8.6%, Treasury And Mortgage Rates Continue To Rise

    09/05/2013 7:22:02 AM PDT · by whitedog57 · 6 replies
    Confounded Interest ^ | 09/05/2013 | Anthony B. Sanders
    Gallup’s survey of unemployment printed at 8.6% for July. At 8.6%. it is over 1% higher than the BLS’ reported print. And it is the highest print since the end of 2011. gallupunemp At the same time, ADP reports private payrolls increased by 176,000. And initial jobless claims dropped … again. ijc090513 Of course, most of the employment recovery has been in part-time, rather than full-time jobs. ptftemp The BIG jobs report is out tomorrow, so stay tuned. Global sovereign rates continue to rise, hopefully since investors view economic improvement. Or … Central Bank stimulus isn’t working. wbm090513 The US...
  • Obmama/Democrats Goal To Make The USA Into Detroit In 8 Charts

    09/02/2013 5:37:07 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 09/02/2013 | Anthony B. Sanders
    The US economy is straying further and further away from a free-market model and towards a government-controlled, crony economy. You know, like Detroit. We can see the results of the move to government control of the economy in the headwinds, like in the movie “Idiocracy” where the government orders Brawndo, a green liquid that resembles Gatorade, be used instead of water for crops, the government’s solution to all problems is more government, more regulation, more taxes, etc. Government is what statists crave. Brawndo_Social_Head (1) Here is a partial list (the actual list is way too long) of headwinds facing the...
  • Working Moms and Stay-At-Home Dads In the Obama Economy

    09/02/2013 4:12:34 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | September 2, 2013 | Brian Faugnan
    America’s job market is changing – again. It was just a few decades ago that women entered the workforce in large numbers. Now they are increasingly the primary earners in their families – with a full forty percent acting as the chief breadwinner in their homes. At the same time, men are seeing their place in the workforce diminish: the percentage of stay-at-home dads has doubled in the last decade. And according to a new documentary that focuses on this issue of our time, “The Big Flip”, the average woman’s income is rising at a pace that will put them...
  • Obama already achieved his goal

    09/01/2013 1:32:50 PM PDT · by Innovative · 29 replies
    Obama already achieved his goal -- suddenly Syria dominates the news, nobody is talking about Benghazi, the IRS scandals, the Obamacare train wreck, the economy and unemployment, the budget... Can't believe that nobody wrote an article detailing this. Can you say "Wag the dog"? That's why he is happily off playing golf...
  • Social Security Disability Insurance Trust Fund Nears Insolvency

    08/30/2013 5:45:24 AM PDT · by SeekAndFind · 38 replies
    Mercatus Center ^ | 08/30/2013 | VERONIQUE DE RUGY
    This week’s charts show total receipts, expenditures, and assets left in the Social Security Disability Insurance (DI) trust fund. Data from the 2013 Trustees Report show that the disability fund is currently predicted to be three years from insolvency. Under more pessimistic assumptions, the insolvency date is pushed up to 2015. The fact that the DI trust fund is not currently depleted shouldn’t mislead us into thinking we have until 2016 to deal with the shortfalls.Spending on Social Security has more than doubled in the past decade, and DI now accounts for almost 20 percent of Social Security’s budget, up...
  • Media blackout: Thousands of Americans were laid-off this week (Aug. 26-30)

    08/30/2013 7:01:42 AM PDT · by massmike · 15 replies
    examiner.com ^ | 08/30/2013 | n/a
    Within hours of President Obama's re-election, companies both large and small across the country began announcing major layoffs, along with store and plant closings. Unfortunately, massive layoffs have become a weekly occurrence as companies begin to cope with the harsh realities of a second Obama term. Despite the false, cheery rhetoric coming from both the Obama administration and their surrogates in the mainstream press, the labor pool is smaller today than it was 30 years ago and continues to shrink. The following is a list of the companies that have announced the ten largest layoffs between Aug. 26-30:
  • One Irish person emigrates every six minutes (but most not to US anymore)

    08/30/2013 2:36:14 AM PDT · by SkyPilot · 10 replies
    Financial Times ^ | 29 Aug 13 | Jamie Smyth
    Ireland’s rate of emigration is continuing to increase and at one stage one person was leaving the country to live abroad every six minutes – the highest number since modern records began in the late 1980s. New figures published on Thursday show 397,500 people have emigrated since Ireland’s financial crisis began in 2008, with most travelling to the UK, Australia and Canada in search of work. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com...