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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 ^ | 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...
  •'s Facebook Page Omits Biggest News from September Unemployment Report

    09/06/2013 12:42:36 PM PDT · by Kaslin · 7 replies ^ | 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%: 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 ^ | 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 ^ | 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 ^ | 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
  • Going off track: Subway franchisees decry discounts as hospital-bound CEO struggles to right course

    08/29/2013 3:04:09 PM PDT · by 2ndDivisionVet · 77 replies
    The New York Post ^ | August 29, 2013 | Josh Kosman
    This summer wasn’t the best time for Subway sandwich shops — the world’s largest restaurant chain — to stumble. Founder and owner Fred DeLuca — the driving force and vision behind the Milford, Conn., chain’s growth into a 40,000-unit chain — is in a Connecticut hospital getting treatment for leukemia and, he has told associates, is awaiting a bone marrow transplant. Still, the 65-year-old billionaire businessman is directing the chain’s operations from a hospital bed. The hands-on owner is still in daily contact with regional managers trying to find new ways to reverse the sales decline, a Subway development agent...
  • U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates (Edged down by 6,000 to 331,000)

    08/29/2013 6:32:20 AM PDT · by SeekAndFind · 7 replies
    RTT News ^ | 08/29/2013
    First-time claims for U.S. unemployment benefits showed a modest decrease in the week ended August 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 331,000, a decrease of 6,000 from the previous week's revised figure of 337,000. The modest drop came roughly in line with the expectations of economists, who expected jobless claims to dip to 330,000 from the 336,000 originally reported for the previous week. Despite the modest pullback, however, jobless claims remain above the five-year low of 322,000 set in the week ended August 10th. The...
  • It's Fact, Not Anecdote, That ObamaCare Is Turning Us Into A Part-Time Nation

    08/28/2013 6:38:01 PM PDT · by 2ndDivisionVet · 38 replies
    Forbes ^ | August 27, 2013 | Grace-Marie Turner, Contributor
    The Obama administration continues to discount the huge impact its health overhaul law is having in turning America into a part-time nation, calling reports anecdotal and not based on complete data. To paraphrase Groucho Marx: Who are you going to believe? Me, or your own eyes? An avalanche of “anecdotes” continues to pile up as workers across the country are having their hours cut and their health benefits slashed across a broad range of industries. Loren Goodridge, the owner of 21 Subway franchises, says he has no choice but to cut the hours of his employees to 29 a week...
  • Gallup Shows Large Unemployment Jump in Just One Month

    08/27/2013 8:50:47 PM PDT · by digitalrainmaker · 8 replies
    Right Wing Patriot ^ | 8/27/2013 | Jeff Francis
    It’s always a good idea to have someone watching the watchman. We depend upon the federal government’s Bureau of Labor Statistics to track unemployment numbers despite the fact that we know the data is already manipulated by the various formulas that they use to compile the statistics. I stumbled across a Brietbart piece last week (that I haven’t seen in other media outlets) showing that Gallup also tracks unemployment and the most recent poll they undertook showed a huge jump in unemployment from 7.7% up to 8.9%. This occurred from July 21st to August 31st, a mere thirty days!
  • If You Could Make More Money By Going On Welfare Instead Of Working, Would You Do It?

    08/25/2013 7:49:35 AM PDT · by SeekAndFind · 46 replies
    TEC ^ | 08/24/2013 | Michael Snyder
    If you could stay home and relax all day and actually make more money than you do at your current job, would you do it? That sounds crazy, but this is actually a very real dilemma for millions upon millions of Americans. According to a shocking new study that was just released by the Cato Institute, people on welfare are actually better off than minimum wage workers in 35 U.S. states. And in 13 states, those on welfare actually do better than those making $15 an hour. So why bother? It is very difficult to find a job in...
  • Employment Doom Rattling Media

    08/25/2013 1:45:52 AM PDT · by Kaslin · 28 replies ^ | August 24, 2013 | John Ransom
    Unemployment is not getting better, it’s getting worse. Even the establishment media is taking notice. “Widely followed pollster Gallup puts the nation's unemployment rate at an ugly 8.6 percent in August,” reports CNBC, “a startling jump from the 7.8 percent the organization recorded for July. When counting the underemployed, the rate zooms to 17.7 percent, off its 2013 high of 18.2 percent.” If you count in those who have dropped out of the work force, you get closer to 24 percent unemployment. Gee, and all this time I thought that the job situation was getting better. That’s what we were...
  • The Top 7 Lies of Obam-a-CON-omists… So Far

    08/02/2013 4:04:35 AM PDT · by Kaslin · 3 replies ^ | August 2, 2013 | John Ransom
    There they go again: while admitting to their lie about first quarter GDP, government economists are finding new ways to lie about second quarter GDP. While all of the attention for market-watchers has been on will-they-or-won’t-they taper at the Fed, the real story of the year is the fact that the Commerce Department just downgraded GDP growth once again, in at least a partial revision of the lie they first told last winter. And lost in the official revisions to GDP and the revisions to revisions and the revisions to revised revisions, is the story of how ordinary people are...
  • Earth to Obama: What Planet Are You On?

    08/23/2013 1:30:13 PM PDT · by Kaslin · 38 replies ^ | August 13, 2013 | Donald Lambro
    WASHINGTON - Barack Obama continues to tell us that the quality of our lives and our economy have improved when all the available evidence shows they have not. In fact, they've grown worse under his policies. Recent economic data, studies and government reports reveal a nation in persistent decline showing very little improvement in the lives of millions of Americans. Incomes have fallen, poverty and homeless rates have risen, full- time jobs are much harder to come by, as low-pay, part-time jobs are surging, even while the work force is shrinking. Workers are losing their health insurance under Obamacare, confidence...
  • Unemployment Jumps to 8.9% - Obama's Running Out Of Other People's Money AND Part-Time Jobs

    08/23/2013 10:01:41 AM PDT · by NOBO2012 · 4 replies
    Michelle Obama's Mirror ^ | 8-23-2013 | MOTUS
    It’s sort of like Maggie’s warning about running out of other people’s money; sooner or later you also run out of part-time jobs and people who’ve ‘voluntarily” dropped out of the workforce or joined the ranks of the “disabled.” And when that happens - just like when you run out of other people’s money - bad things happen. In the instant case, unemployment numbers begin to go up. A lot.Gallup is showing a huge 30 day jump in the unemployment rate, from 7.7% on July 21 to 8.9% on August 21, and the underemployed rate (those with some work, seeking...
  • Illinois Unemployment Second Highest In Nation

    08/23/2013 4:54:30 AM PDT · by Zakeet · 3 replies
    WNIJ / NPR News ^ | August 22, 2013 | Amanda Vinicky
    With national unemployment at its lowest level since the start of the Great Recession, the numbers keep going the wrong way in several parts of Illinois. Peoria, Danville, and Decatur all saw unemployment increase by more than a percentage point. Still, Gov. Pat Quinn defends his administration's efforts at building the economy.
  • Gallup's Unemployment Survey Skyrockets As Median Household Income Falls 4.4% Since June 2009

    08/22/2013 8:40:55 AM PDT · by whitedog57 · 23 replies
    Confounded Interest ^ | 08/22/2013 | Anthony B. Sanders
    It has been a tough recovery for Americans, particularly for the middle class. In fact, feeble. Median household income is down 4.4% since the end of the recession in June 2009. medincusa Initial jobless claims rose to 336,000 in the most recent reading. And is above the level when interest rates started rising on May 1st. ijct10 Unemployment in the 16-19 year old segment is a Greek-like 23.70%, putting a crimp in the savings ability of America’s youth. un1619082213 And Gallup’s unemployment survey has skyrocketed. 20130822_unemp_0 And the American Healthcare Act imposes a massive increase in healthcare costs on young...
  • U.S. Unemployment Aid Applications Rise to 336,000

    08/22/2013 8:32:27 AM PDT · by Red Badger · 11 replies
    Time ^ | 08-22-2013 | Christopher Rugaber
    (WASHINGTON) — The number of Americans applying for unemployment benefits rose last week after reaching the lowest level in nearly six years. But the broader trend suggests companies are laying off fewer workers and could step up hiring in the months ahead. The Labor Department said Thursday that applications for first-time benefits rose 13,000 in the week ending Aug. 17 to a seasonally adjusted 336,000. The four-week average, which smooths week to week fluctuations, fell to 330,500. That’s the sixth straight decline and the lowest for the average since November 2007. At the depths of the recession in March 2009,...
  • BLS, We Have A Problem: Polled Unemployment Soars To March 2012 Levels

    08/22/2013 7:51:00 AM PDT · by Perdogg · 19 replies
    Gallup tracks daily the percentage of U.S. adults, aged 18 and older, who are underemployed, unemployed, and employed full-time for an employer, without seasonal adjustment. Due to the lack of Arima-X 'magic' the results are specifically not comparable to the BLS data, but, as the chart below suggests, the correlation is high. What is most worrying about the latest data is the rapid rise in both unemployment and underemployment that the Gallup poll finds (to 8.9% unemployment and 17.9% underemployment. Unemployment rates have jumped notably in the last month to their highest in 13 months. Will the Fed 'allow' this...
  • 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama

    08/21/2013 5:27:31 PM PDT · by RKBA Democrat · 93 replies
    Zero Hedge ^ | 8-21-13 | Michael Snyder
    Barack Obama has been running around the country taking credit for an "economic recovery", but the truth is that things have not gotten better under Obama. Compared to when he first took office, a smaller percentage of the working age population is employed, the quality of our jobs has declined substantially and the middle class has been absolutely shredded. If we are really in the middle of an "economic recovery", why is the homeownership rate the lowest that it has been in 18 years? Why has the number of Americans on food stamps increased by nearly 50 percent while Obama...
  • U.S. jobless claims jump 13,000 to 336,000

    08/22/2013 5:40:10 AM PDT · by John W · 18 replies ^ | August 22, 2013 | Jeffry Bartash
    WASHINGTON (MarketWatch) - The number of people who applied for new U.S. unemployment benefits climbed by 13,000 to 336,000 in the week ended Aug. 17 but remained near a post-recession low, according to the latest government data. Economists surveyed by MarketWatch expected claims to rise to 330,000 on a seasonally adjusted basis.
  • FPL, sister company eliminating 1,000 jobs (Florida Power & Light)

    08/21/2013 10:14:30 PM PDT · by 2ndDivisionVet · 8 replies
    The Miami Herald ^ | August 21, 2013 | Ina Paiva Cordle
    Florida Power & Light and its sister company, NextEra Energy Resources, will eliminate 1,000 positions or 6.7 percent of their combined, nationwide workforce during the next two years, as part of an effort to improve efficiency and enhance the use of technology, the utility said Wednesday. A total of about 160 workers are expected to lose their jobs, with the remaining 840 cuts coming from the elimination of open positions, early retirement and normal attrition, said FPL President Eric Silagy. It is not yet known how many of the total job losses will be in Florida, but 60 of 80...
  • IL Govt. Unemployment Website Translates Into Chinese, Mlatese, Polish, Russian, Spanish & KLINGON!

    08/21/2013 7:10:46 PM PDT · by DogByte6RER · 21 replies
    Jewish World Review ^ | August 21, 2013 | Ellen Jean Hirst
    State agency's website offers Klingon translation Even bureaucracy can't be satirized these days (MCT) If you wanted to ask an Illinois Department of Employment Security professional how to appeal a denied claim — in Klingon — you would say: vaj tem DoQ, chay' Qu' appeal? That means, if my claim is denied, how do I appeal? You can learn how to ask many questions in Klingon — an unofficial language created for humanoid characters in the "Star Trek" television series and movies — on the IDES website. The site offers translations via Microsoft Translator. The current options are Spanish, Polish,...
  • Gallup: Unemployment Rate Jumps from 7.7% to 8.9% In 30 Days

    08/21/2013 12:35:07 PM PDT · by Perdogg · 51 replies
    Breitbart ^ | 21 Aug 2013, 12:15 PM PDT | by John Nolte
    Outside of the federal government's Bureau of Labor statistics, the Gallup polling organization also tracks the nation's unemployment rate.
  • Most States Saw Rise in Unemployment Rate

    08/20/2013 7:53:15 AM PDT · by BenLurkin · 3 replies ^ | August 19, 2013, 11:45 AM
    The numbers reflect frustratingly slow economic growth. Employers have been adding jobs but the pace hasn’t been fast enough for the 11.5 million Americans who want a job but can’t find one. Monday’s figures also highlight the lingering fallout from the financial crisis. The unemployment rate in Nevada, a state hit hard by the housing bust, remained the highest in the nation at 9.5%. The state shed 10,200 jobs last month, the biggest loss since early 2009. ... The country’s energy boom, meanwhile, is helping keep the jobless rate well below the national average in North Dakota, at 3%, and...
  • Charts: The Economic Gap Between Blacks and Whites Hasn’t Budged For 50 Years

    08/20/2013 11:43:21 AM PDT · by lbryce · 19 replies
    Roll Call ^ | August 20, 2013 | Taegan Goddard
    As the 50th anniversary of the March on Washington for Jobs and Freedom and Martin Luther King, Jr.’s “I Have a Dream” speech approaches,Brad Plumer points out that the ratio of black to white unemployment rate has hardly budged. Washington Post: ”Many of the most overt forms of racial discrimination and bias have faded, but yawning economic gaps have persisted since 1963, and there has been essentially no narrowing of the unemployment gap between blacks and whites. The financial crisis and recession scarred minorities more than any one else.”
  • Unemployment rose in most states in July

    08/19/2013 2:48:03 PM PDT · by SeekAndFind · 11 replies
    Hotair ^ | 08/19/2013 | Ed Morrissey
    How did Barack Obama’s Magical Economy Tour do in convincing Americans to stay the course on Obamanomics? Not only did it fail to impress voters, it didn’t do much for employers, either. According to new data from the Bureau of Labor Statistics, joblessness rose in 28 states while only falling in eight — the worst showing since January: Unemployment rates rose in more than half of U.S. states in July and fewer states added jobs, echoing national data that show the job market may have lost some momentum.The Labor Department says unemployment rates increased in 28 states. They were unchanged...
  • Why We All Lose If the Fed Wins

    08/19/2013 8:59:25 AM PDT · by DeaconBenjamin · 20 replies
    Peak ^ | Monday, August 19, 2013, 12:12 AM | by Chris Martenson
    So let's pretend for the moment that the Federal Reserve gets everything it has stated it wants. And even further, that Washington, D.C. gets everything it wants, too. The credit markets are repaired, and massive new loan growth flows out the door. Loans are made to businesses that hire gobs of new people. Consumers borrow and borrow some more to go to school and buy homes, cars, and gadgets. Inflation remains low and job growth explodes. Tax receipts climb and the deficit falls. The stock market goes higher and higher, gold falls and then falls some more, as confidence in...
  • Why is hiring so much lower than new job openings?

    08/17/2013 4:17:00 PM PDT · by 2ndDivisionVet · 69 replies
    Hot Air ^ | August 17, 2013 | Jazz Shaw
    Both Dr. James Joyner and Bloomberg’s Peter Orszag are looking into a rather puzzling pair of statistics from the labor market this week. Posted job openings around the country are up roughly 50%, but new hires have only risen by 5%. What can account for the disparity in these numbers? It would seem that if companies are posting that many more openings, surely hiring should be on the rise in comparable numbers, and yet it’s not happening. Orszag: To get some sense of how significant this is, consider that if, since June 2010, hiring had risen a third as much...
  • Obama's Policies Have Crushed the Economy (by Larry Elder)

    08/16/2013 5:45:11 PM PDT · by Innovative · 5 replies
    Real Clear Politics ^ | Aug 15, 2013 | Larry Elder
    The headline at CNN Money was, "Why America's Youth Aren't Finding Jobs." If you expected an analysis of how and why President Barack Obama's policies hurt the job market for the young, think again. Believe it or not, CNN wrote a piece, supposedly explaining the tight job market, without using the following words: Obama, Obama administration, taxes, regulations, "stimulus" program or, of course, ObamaCare. .... CNN's head-in-the-sand piece on youthful joblessness serves as the latest example of the pro-Obama media's failure, blindness and unwillingness to see and state the obvious. By historical standards, this recovery stinks. To understand why requires...
  • Is Obamacare Really Responsible for Rise in Part-Time Employment?

    08/16/2013 6:27:07 AM PDT · by Kaslin · 14 replies ^ | August 16, 2013 | Mike Shedlock
    Inquiring minds are digging into average weekly hours of workers looking for Obamacare effects on which to place blame. Average Weekly Hours Of Production And Nonsupervisory Employees  Since this data series began in 1964, the average weekly workweek has been trending lower. Note the tendency following each recession. 1990-1998 is the only exception to the general rule that hours never recovered to the previous pre-recession level. Last Five Observations 2013-07: 33.6 Hours 2013-06: 33.7 Hours 2013-05: 33.7 Hours 2013-04: 33.7 Hours 2013-03: 33.8 Hours  Lets' zero in to a tighter timeline for a closer look. The second chart shows that in spite of Obamacare,...
  • With His Polls Slumping, the Economy in Decline, and a Strong al-Qaeda, Obama Flees Washington

    08/14/2013 5:38:36 PM PDT · by Kaslin · 34 replies ^ | August 14, 2013 | Donald Lambro
    President Obama has fled the White House for the peace and serenity of the beaches and golf links of Martha's Vineyard, leaving behind a mess of polls with failure written all over them. In the sweltering, dog days of August, Obama has left town for a one week vacation, hoping to escape the many troubles that plague his presidency: a declining economy; his job approval polls in a nose dive; and the latest news that the vast majority of Americans are dissatisfied with the country's direction under his policies. The Gallup Poll this week shows his job approval marks falling...
  • With So Many Job Openings, Why So Little Hiring?

    08/14/2013 6:37:24 AM PDT · by SeekAndFind · 77 replies
    Washington Monthly ^ | 08/14/2013 | Peter Orzag
    An odd puzzle is taking shape in the labor market: Over the past three years, the number of job openings has risen almost 50 percent, but actual hiring has gone up by less than 5 percent. Companies are advertising a lot more jobs, in other words, but not filling them. To get some sense of how significant this is, consider that if, since June 2010, hiring had risen a third as much as advertised jobs have (rather than only a 10th), and nothing else were different, job creation would be roughly 500,000 higher each month, and the unemployment rate would...
  • Unemployment Lower in Mexico than United States

    08/13/2013 9:08:53 AM PDT · by swampthang77 · 10 replies
    USBC News ^ | 2013,08,13 | USBC News Wire
    Despite seeing an increase in unemployment over June, the unemployment rate in Mexico as of July, 2013 sat at 4.99%. According to unemployment statistics, unemployment in the United States has been over 7.5% since President Barack Hussein Obama’s inauguration in 2009. Despite continuing promises of “laser-like focus” on the economy, critics note that little has been done by the Obama administration...
  • Update: Major Trends in New Jobless Claims

    08/12/2013 9:01:07 AM PDT · by Kaslin · 14 replies ^ | August 12, 2013 | Political Calculations
    What's the real story for the overall trend in new jobless claims in the U.S.? It has been several months since we last featured an update of our statistical analysis of the trends in new jobless claims in the U.S., which is mostly by design on our part. When we last left off, the overall trend, which we identified as Trend L, was largely flat, but characterized by extreme volatility, with unusual outliers in the data popping up with an alarming frequency. Some of that was understandable. We saw the state of California mishandle its processing of new jobless claims,...
  • Weekly Jobless Claims Edge Up as Labor Market Heals

    08/09/2013 5:28:53 AM PDT · by SeekAndFind · 13 replies
    Daily Finance ^ | 08/08/2013 | Jason Lange
    The number of Americans filing new claims for jobless benefits rose slightly last week but was near its lowest level since before the 2007-09 recession, a hopeful sign for the U.S. economy. Initial claims for state unemployment benefits rose by 5,000 last week to 333,000, the Labor Department said Thursday. Economists polled by Reuters had expected first-time applications to rise to 336,000 last week. Claims were volatile in July due to regular summer auto plant shutdowns which make it hard for the government to adjust the data for seasonal swings. But that volatility is now past, and a Labor Department...