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The new healthcare law will slow economic growth over the next decade, costing the nation about 2.3 million jobs and contributing to a $1 trillion increase in projected deficits, the Congressional Budget Office said in a report released Tuesday. The non-partisan group’s report found that the healthcare law’s negative effects on the economy will be “substantially larger” than what it had previously anticipated. The CBO is now estimating that the law will reduce labor force compensation by 1 percent from 2017 to 2024, twice the reduction it previously had projected. This will decrease the number of full-time equivalent jobs in...

Tuesday is D-day at Time Inc. Around mid-morning, staffers are expected to start hearing how deep the cuts will be as Time Inc. CEO Joe Ripp unveils what is likely the last big downsizing before Time Warner spins off the publishing group as a separate company later this year. “It’s very nerve racking,” said one source inside the company that publishes People, Time, Sports Illustrated and In Style.

The Congressional Budget Office on Tuesday said that the Affordable Care Act will contribute to the equivalent of 2 million workers out of the labor market by 2017, as employees work fewer hours or decide to drop out of the labor force entirely. The CBO revised much of its outlook on the Affordable Care Act in a new report released Tuesday. From the report: CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 percent to 2.0 percent during the period from 2017 to 2024, almost entirely because workers will choose to...

The Affordable Care Act will reduce the number of full-time workers by more than two million in coming years, congressional budget analysts said Tuesday in the most detailed analysis of the law’s impact on jobs.

President Barack Obama's home state, which has been governed by Democrats throughout his national political career, has slipped in the rankings and now has the third-worst unemployment rate in the nation. Though the jobless rate was the same in December 2013 (8.6%) as in December 2012, the state's labor force declined by a staggering 80,000 workers, according to Michael Lucci of the Illinois Policy Institute. Across the same period, the national unemployment rate fell by 1.3%--though that, too, was partly driven by an exodus of workers from the labor force, albeit less dramatic than in Illinois. Lucci observes: 'The state...

President Obama has persuaded some of the nation’s largest companies, including Walmart, Apple, General Motors and Ford, to revise their hiring practices to avoid discriminating against applicants who have been out of work for a long time. The White House drafted a set of “best practices” to change employers’ screening processes and solicited individual companies to join the effort. Mr. Obama signed an executive memo on Friday instructing the federal government to abide by the same practices.

<p>"Rep. Paul Ryan and the Wall Street Journal are for throwing in the towel. Legalize them all and start them on the path to citizenship.</p> <p>A full and final capitulation. Let’s get it over with.</p> <p>To understand why and how the Republican Party lost Middle America, and faces demographic death, we need to go back to Bush I.</p>

The government said GDP rose 3.2% in the last three months of 2013 -- one of the fastest rates since the end of the recession, though slower than the third quarter's 4.1%. Still, that sounds good, until you remember this: Employers only added 74,000 jobs in December -- one of the worst months in nearly three years. Stronger economic growth is supposed to equal more jobs. So what gives? It does appear that the normal relationship between jobs and GDP has broken down. In the first half of 2013, for instance, GDP growth was at 1.9% and employers added an...

Well it’s official. We’ve known that I am smarter than a communist, but now comes confirmation that I’m smarter than government economists—which still is a rather hollow accolade. GDP figures for 2013 came out and despite a doubtful surge that came in the last half of the year GDP still managed to squeak under 2%, just as I predicted at the beginning of the year. “For 2013 as a whole,” says ABCNews, “the economy grew a tepid 1.9 percent, weaker than the 2.8 percent increase in 2012, the Commerce Department said Thursday. Growth was held back last year by higher...

The corrupt American media is lying for their president Barack Obama again. Our economy is not improving – it is getting worse. Unemployment is not falling – it is rising. Americans are not feeling good about the future – we are suffering from Jimmy Carter-like misery, a new report from a respected Wall Street adviser tells us. According to the calculations of David John Marotta our effective unemployment rate is not the 6.7% as reported by Obama’s apparatchiks in media, but a staggering and more believable 37.2%. Moreover, the Misery Index we are suffering under is...

Jan 30 (Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend suggested the labor market continued to heal. Initial claims for state unemployment benefits increased 19,000 to a seasonally adjusted 348,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported. Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 330,000 in the week ended Jan. 25. The four-week moving average for new claims, considered a better measure of underlying labor...

The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend suggested the labor market continued to heal. Initial claims for state unemployment benefits increased 19,000 to a seasonally adjusted 348,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported. Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 330,000 in the week ended January 25. The four-week moving average for new claims, considered a better measure of underlying labor market conditions as it...

Thanks to lightning-speed advances in hi-tech, humanity (or part of it) is close to achieving its dream of prosperity without toil. We are already starting glimpse the awful consequences. As Voltaire said, work is the triple tonic for needs, vice, and boredom. A Davos vote split 51:49 on whether "technological innovation" will keep displacing jobs – and at an accelerating rate – leaving us with a deformed world where hundreds of millions are left on the unemployment scrap-heap (205m so far). The waters have been so muddied by the global financial crisis – and the 1930s response to it in...

President Barack Obama's State of the Union address Tuesday wasn't what I wanted to hear. This is what the president should have said: "I cannot imagine what I was thinking when I pushed Obamacare. I now see it is folly to entrust government, which cannot balance its books and routinely loses track of billions of dollars, with even greater power over health care. "If something as simple as a website is too much for government to get right, imagine what government will do to complicated medical pricing and insurance plans. "Foolishly, my plan destroyed many sensible insurance plans -- some...

Retail giant Wal-Mart Stores Inc. (WMT: Quote) will lay off about 2,300 employees at its Sam's Club warehouse division, according to media reports on Friday. The job cuts, representing about 2 percent of Sam's Club workforce, are reportedly part of Walmart's efforts to improve efficiency at the business. Walmart thus joins other retailers who are laying off employees after a lacklustre holiday season. The layoffs would reportedly target a combination of salaried assistant managers and hourly employees. All affected workers will get 60 paid days to find another job at the company and if unsuccessful, will be eligible for severance....

By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose marginally last week, but the underlying trend suggested the labour market continued to steadily improve. Initial claims for state unemployment benefits ticked up 1,000 to a seasonally adjusted 326,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 1,000 fewer applications received than previously reported.

President Barack Obama coming to Nashville Updated: Jan 25, 2014 Posted by Kayla Moore NASHVILLE, TN (WSMV) - President Barack Obama is coming to Nashville on Thursday to talk about jobs. One of Obama's advisors says they hope to work together with the public on this tour to find work and economic security for job seekers. Music City is just one stop on the president's tour across the country that will begin after his State of the Union address on Tuesday.

WASHINGTON (Reuters) - President Barack Obama will announce a new plan next week to help Americans who continue to struggle to find jobs even as the economy recovers from recession, his senior adviser, Dan Pfeiffer, said on Saturday. Obama's efforts to help the long-term unemployed are part of an economic strategy he will lay out in his annual State of the Union address on Tuesday and expound upon during a four-state tour, Pfeiffer said in a mass email from the White House. "With some action on all our parts, we can help more job seekers find work, and more working...

Vitae Delivered With a Pillow or by Stuffed Carrier Pigeon Bring Attention but Not Always Gigs. The box was delivered to the Los Angeles office of One Fine Stay, a business that arranges short-term accommodations in luxury homes. Stuffed inside was a queen-size pillow in a cheap cotton pillowcase. The intriguing gimmick didn't ultimately work for Pillow Guy, who was rejected after one phone conversation and a face-to-face interview. Also rebuffed by One Fine Stay: an applicant who "delivered" a résumé via a stuffed carrier pigeon and another who included a link to his unpublished erotica. Companies like the online...

It is becoming laughable to hear the Obama administration talk about a so-called “recovery.” Supposedly, this “recovery” started in June of 2009; however, in reality our economy is on life support and the latest jobs figures just confirm this horrible news. In the government’s December labor report, the nation’s unemployment rate dropped to 6.7 percent, which is our lowest rate since October of 2008. While this may be heralded as good news, it is truly disturbing. Unfortunately, only 74,000 new jobs were added last month, the worst job growth numbers since January of 2011. This is anemic job creation,...