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Keyword: unemployment

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  • Fact check: Anti-Obamacare chorus is off key

    02/06/2014 2:15:32 AM PST · by Olog-hai · 39 replies
    Associated Press ^ | Feb 6, 2014 3:12 AM EST | Calvin Woodward
    New estimates that President Barack Obama’s health care law will encourage millions of Americans to leave the workforce or reduce their work hours have touched off an I-told-you-so chorus from Republicans, who’ve claimed all along that the law will kill jobs. But some aren’t telling it straight. […] In a key point overlooked in the GOP response, the report says, “The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses’ demand for labor.” In other words, workers aren’t being laid off. They...
  • U.S. Jobless Claims Fall, Point To Firming Labor Market

    02/06/2014 6:40:10 AM PST · by mykroar · 16 replies
    The number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labor market outlook and the broader economy. Initial claims for state unemployment benefits declined 20,000 to a seasonally adjusted 331,000, 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 falling to 335,000 in the week ended Feb. 1. The four-week moving average for new claims, considered a better measure of underlying labor market conditions as...
  • Specter of welfare state jolts Democrats; CBO hits election pitches for jobs

    02/06/2014 5:18:11 AM PST · by Cincinatus' Wife · 7 replies
    Washington Times ^ | February 5, 2014 | By Dave Boyer
    The White House and congressional Democrats tried to limit the fallout Wednesday from the politically damaging conclusion in a Congressional Budget Office report that the Obamacare entitlement creates a major incentive for some people not to work. While some critics focused on a finding by the CBO that Obamacare will result in 2.5 million fewer workers over a decade, conservatives said the bigger fundamental issue highlighted in the report is one familiar to the welfare state — that taxpayer-funded government subsidies provide disincentives for full-time work. “People used to be stuck in jobs because they needed the health insurance,” said...
  • Kellogg closing Charlotte snack plant, cutting 195 jobs

    02/05/2014 5:48:47 PM PST · by 2ndDivisionVet · 16 replies
    The Charlotte Observer ^ | February 4, 2014 | Ely Portillo
    Michigan-based Kellogg Co. said Tuesday that it plans to shutter a Charlotte snack factory as part of a plan to cut costs. The Kellogg plant will close by the end of 2014, a company official said in a statement, and about 195 jobs will be cut. Kellogg’s Charlotte plant is on Louise Avenue, just east of uptown. Workers there produce cookies including Famous Amos, Austin Sandwich Creme and Iced Animals. “As with any project that impacts people, these are difficult decisions,” CEO John Bryant said in a statement. “We are very mindful of the impact these changes will have –...
  • MORE GOOD NEWS!… CBO Director Says O-Care Will Reduce Workers’ Wages (Video)

    02/05/2014 3:04:04 PM PST · by 2ndDivisionVet · 13 replies
    Gateway Pundit ^ | February 5, 2014 | Jim Hoft
    What a wonderful law. Thank you, Democrats. Thank you, Barack Obama. Not only will Obamacare kill off over 2.3 million jobs but it will reduce wages, too! Congressional Budget Office (CBO) Director Douglas Elmendorf told a Congressional committee today that Obamacare will reduce workers wages. “We expect as other analysts believe that over time costs that employers bare for their employees end up being borne by the employee in the form of lower wages.” Terrific. (VIDEO-AT-LINK) It’s not as if Americans weren’t already suffering. Since Obama entered the White House US households have lost $4,019 in real income, a little...
  • White House: It's A Good Thing That Obamacare Will Drive 2.5 Million Americans Out Of The Workforce

    02/05/2014 12:20:08 PM PST · by Responsibility2nd · 48 replies
    Yahoo/Forbes ^ | 05/05/2014 | Avik Roy,
    Yesterday, Washington’s official non-partisan bean-counter, the Congressional Budget Office, dropped a bomb. By 2024, says the CBO, Obamacare will reduce the size of the U.S. labor force by 2.5 million full-time-equivalent workers. That’s roughly triple what the CBO had estimated three years ago. Such a sizeable decline in the labor force will have substantial detrimental effects on the U.S. economic and fiscal picture. But the CBO wasn’t responsible for the most amazing thing that happened yesterday. That title belongs to the Obama White House, where Press Secretary Jay Carney claimed that 2.5 million Americans leaving the workforce was a good...
  • Democrats new argument on Obamacare jobs decline: It reduces ‘job lock’

    02/05/2014 12:16:41 PM PST · by SeekAndFind · 33 replies
    Washington Post ^ | 02/05/2014 | Aaron Blake
    Democrats are increasingly employing a new tack in the battle over a projected reduction of two million jobs due to Obamacare, saying the decline is actually the result of people not being required to work anymore when they don't want to -- a concept labeled "job lock.""Yesterday, the CBO projected that by 2021 the Affordable Care Act will enable more than 2 million workers to escape 'job-lock' – the situation where workers remain tied to employers for access to health insurance benefits," House Minority Leader Nancy Pelosi's (D-Calif.) office said in a news release.The release continued: "In addition to being...
  • Why the new CBO report on Obamacare is good news

    02/05/2014 6:04:56 AM PST · by Sir Napsalot · 44 replies
    LA Times ^ | 2-4-2014 | Michael Hiltzik
    The Congressional Budget Office is out with its latest report on the Affordable Care Act, and here are a few bottom lines: — The ACA is cheaper than it expected. — It will "markedly increase" the number of Americans with health insurance. — The risk-adjustment provisions, which Congressional Republicans want to overturn as a "bailout" of the insurance industry, will actually turn a profit to the U.S. Treasury. Given all this, why are the first news headlines on the CBO report depicting it as calling Obamacare a job killer? (snip) ..... it's important to examine what the CBO actually says...
  • 'Mad Man' Sam Stein's Hilarious Response To Calamitous CBO/Obamacare Report

    02/05/2014 5:24:17 AM PST · by governsleastgovernsbest · 9 replies
    NewsBusters ^ | Mark Finkelstein
    Give Sam Stein credit for being an honest liberal. Confronted with the CBO's findings about the disastrous job-killing effects of Obamacare, Stein didn't try to spin the unspinnable. On today's Morning Joe, Donnie Deutsch invited Stein to play a game of Mad Men. Deutsch first sketched out a 30-second ad making the case against Obamacare--that contrary to what President Obama had said, you can't choose your provider and the program costs the country two million jobs. Deutsch then invited Stein to give the 30-second ad in response. Said Stein, much to the amusement of the panel: "The 30-second response is...
  • Thanks Obama! Care- Now with 25% Fewer Jobs!

    02/05/2014 5:23:35 AM PST · by Kaslin · 10 replies ^ | February 5, 2014 | John Ransom
    The Congressional Budget Office just confessed that the healthcare law passed by Democrats and only Democrats in 2010—you know the one that was supposed to save us so much money?-- is really a dud, a job killer, as we have said all along. And the consequences aren’t just that some guy you don’t know won’t have a job, the consequences are that guys you DO know won’t have jobs, and --in the best case—your tax bill will go up accordingly. The reform package, derisively known as Obamacare, is going to cost the country an additional 2 million jobs by 2017...
  • Wall Street to fall after jobs data; services eyed (jobs worse than expected)

    02/05/2014 6:04:57 AM PST · by Red in Blue PA · 15 replies
    * The U.S. private sector created 175,000 jobs in January, slightly below the expectation of 180,000, while the data for December was revised lower to 227,000 from 238,000. December's data widely overshot a broader report from the Labor Department which showed just 74,000 jobs were created in December. The market-moving government report is due Friday.
  • Freeing Workers From the Insurance Trap [NY Times: 2.5M Fewer Full Time Workers is a Good Thing]

    02/05/2014 5:39:11 AM PST · by SeekAndFind · 47 replies
    New York Slimes ^ | 02/05/2014 | The Editorial Board
    The Congressional Budget Office estimated on Tuesday that the Affordable Care Act will reduce the number of full-time workers by 2.5 million over the next decade. That is mostly a good thing, a liberating result of the law. Of course, Republicans immediately tried to brand the findings as “devastating” and stark evidence of President Obama’s health care reform as a failure and a job killer. It is no such thing. The report estimated that — thanks to an increase in insurance coverage under the act and the availability of subsidies to help pay the premiums — many workers who felt...
  • Congressional Budget Office sends death blow to ObamaCare

    02/05/2014 5:23:24 AM PST · by 2ndDivisionVet · 25 replies
    The New York Post ^ | February 5, 2014 | John Podhoretz
    The Affordable Care Act, a k a ObamaCare, became law almost four years ago. It became operational last Oct. 1. Yesterday, Feb. 4, 2014, the ACA may well have been dealt its death blow. The Congressional Budget Office released a major study of the government’s budget and its effect on the overall economy over the next 10 years. In dull bureaucratic language, it delivers a devastating analysis of the inefficiencies, ineffectualities and problematic social costs of ObamaCare. The one-two punch: Virtually as many Americans will lack health coverage in 10 years as before the law was passed — but 2 million fewer...
  • WH: When you think about it, 2.5 million fewer people working because of ObamaCare is good news

    02/04/2014 9:27:55 PM PST · by 2ndDivisionVet · 28 replies
    Hot Air ^ | February 4, 2014 | Allahpundit
    I’m done, guys. If we’ve reached the stage of welfare-state decadence where it’s a selling point for a new entitlement that it discourages able-bodied people from working, there’s no reason to keep going. We’ve lost, decisively. As a great man once said, remember me as I am — filled with murderous rage. In a statement and conference call featuring top administration officials, the White House tried to beat back an emerging narrative that the CBO report supported claims made by health care reform critics. The CBO report says the Affordable Care Act could lead to a reduction of 2 million...
  • Obamacare remakes the economy -- and it's not all that bad

    02/04/2014 6:51:03 PM PST · by Innovative · 24 replies
    Yahoo Finance ^ | FEb 4, 2014 | Rick Newman
    ...CBO says Obamacare, as the law is known, could cut the size of the U.S. workforce by 2 million people within 3 years... That’s roughly double the CBO’s prior estimate... Those 2 million jobs don’t represent people who will be fired or denied work because of Obamacare. They represent people who hold a job primarily for the healthcare benefits provided by their employer, and might choose not to work it they could get coverage some other way. “The ACA will reduce the total number of hours worked,” the CBO explained in its report, “almost entirely because workers will choose to...
  • Reid: Obamacare Doesn’t Cost Jobs, It Turns Workers Into ‘Free Agents’

    02/04/2014 2:20:15 PM PST · by Sir Napsalot · 40 replies
    PJ Tatler ^ | 2-4-2014 | Bridget Johnson
    Senate Majority Leader Harry Reid (D-Nev.) said the Congressional Budget Office report that shows Obamacare will make the labor force lose 2.3 million full-time workers by 2021 is positive because it lets Americans be “free agents.” “We have the CBO report, which rightfully says, that people shouldn’t have job lock. If they — we live in a country where there should be free agency. People can do what they want,” Reid told reporters outside of a close policy luncheon. “And what they’re saying here is — and the fact checkers have already done this — the Republicans talk about losing...
  • Health-Care Law Expected to Take Greater Toll on Workforce

    02/04/2014 2:20:43 PM PST · by gooblah · 10 replies
    Yahoo/WSJ ^ | Damian Palleta
    WASHINGTON—The Affordable Care Act is projected to reduce the number of full-time workers by roughly 2.3 million people through 2021 and insure 2 million fewer people this year than previously estimated, the Congressional Budget Office said Tuesday.
  • White House: When you think about it, 2.5M fewer people working because of ObamaCare is good news

    02/04/2014 1:37:39 PM PST · by SeekAndFind · 39 replies
    Hotair ^ | 02/04/2014 | AllahPundit
    I’m done, guys. If we’ve reached the stage of welfare-state decadence where it’s a selling point for a new entitlement that it discourages able-bodied people from working, there’s no reason to keep going. We’ve lost, decisively.As a great man once said, remember me as I am — filled with murderous rage. In a statement and conference call featuring top administration officials, the White House tried to beat back an emerging narrative that the CBO report supported claims made by health care reform critics. The CBO report says the Affordable Care Act could lead to a reduction of 2 million full-time...
  • Pope: 'unjust' unemployment can mean sin, suicide

    02/04/2014 1:29:58 PM PST · by Responsibility2nd · 83 replies
    Assoc. Press ^ | 02/04/2014 | NICOLE WINFIELD
    VATICAN CITY (AP) -- Pope Francis extolled the benefits of sharing wealth with the poor on Tuesday, warning that "unjust" social conditions like unemployment can lead to sin, financial ruin and even suicide. The Jesuit pope has frequently railed about the excesses of capitalism and income disparity in a globalized world, and his message for Lent issued Tuesday echoed those same concerns ~snip~ "When power, luxury and money become idols, they take priority over the need for a fair distribution of wealth," he said in the short message. "Our consciences thus need to be converted to justice, equality, simplicity and...
  • The White House (And Its Faithful) Scramble To Refute CBO Report On Obamacare Job Losses

    02/04/2014 12:18:15 PM PST · by Rusty0604 · 8 replies
    Zerohedge ^ | 02/04/2014 | Tyler Durden
    Earlier we reported how, in the CBO's own words, Obamacare would result in (at least) 2.5 million (soon to be revised much higher) workers departing the labor force over the next decade, that would stay there were it not for the skewed incentives provided by this latest welfare Ponzi scheme. Sure enough, it took the White House mere moments to share its canned retort seeking to control the major fallout this report generated as it goes, once again, against all of Obama's promises. From Reuters: "The White House on Tuesday refuted arguments that Obamacare reforms will hurt jobs, and said...
  • CBO: O-Care slowing growth

    02/04/2014 7:31:16 AM PST · by Second Amendment First · 10 replies
    The Hill ^ | February 04, 2014 | Erik Wasson
    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...
  • 500 layoffs expected today at Time Inc.

    02/04/2014 9:59:47 AM PST · by jimbo123 · 59 replies
    NY Post ^ | 2/4/14 | Keith J. Kelly
    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.
  • CBO: Obamacare Will Lead To 2 Million Fewer Workers In The Labor Force By 2017

    02/04/2014 9:32:21 AM PST · by SeekAndFind · 9 replies
    Yahoo Finance via Business Insider ^ | 02/04/2014 | By Brett LoGiurato
    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...
  • CBO: health care law (Obamacare) will reduce jobs by 2 million

    02/04/2014 9:09:41 AM PST · by Red in Blue PA · 46 replies
    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.
  • Illinois Loses 80,000 Workers in One Year

    02/03/2014 4:45:57 PM PST · by bestintxas · 40 replies
    breitbart ^ | 2/3/14 | j pollak
    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...
  • Big Business Joins Obama Effort to Aid Long-Term Unemployed

    02/01/2014 10:56:00 AM PST · by Innovative · 22 replies
    NY Times ^ | Jan 31, 2014 | Peter Baker
    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.
  • How the GOP Lost Middle America

    01/31/2014 10:25:32 AM PST · by KGeorge · 106 replies
    World Net Daily ^ | 18 hours ago (January 30, 2014) | Patrick J. Buchanan
    <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>
  • Why stronger GDP growth isn't creating more jobs

    01/31/2014 7:14:17 AM PST · by SeekAndFind · 35 replies
    FORTUNE ^ | 01/30/2014 | By Stephen Gandel, senior editor
    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...
  • Are You Smarter Than a Communist?

    01/31/2014 4:25:11 AM PST · by Kaslin · 6 replies ^ | January 31, 2014 | John Ransom
    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...
  • Regardless of what the apparatchiks in the media report; unemployment and misery index are sky-high

    01/30/2014 9:03:30 AM PST · by Oldpuppymax · 9 replies
    Coach is Right ^ | 1/30/14 | Kevin "Coach" Collins
    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...
  • U.S. jobless claims rise more than expected

    01/30/2014 6:35:17 AM PST · by John W · 42 replies
    Reuters ^ | January 30, 2014 | Reuters
    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...
  • Weekly Jobless Claims Rise to 348,000

    01/30/2014 6:35:30 AM PST · by mykroar ^ | 1/30/14 | 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 January 25. The four-week moving average for new claims, considered a better measure of underlying labor market conditions as it...
  • Will the 2nd Great Machine Age be a frightening jobless dystopia?

    01/29/2014 7:57:04 PM PST · by 2ndDivisionVet · 45 replies
    The London Telegraph ^ | January 25, 2014 | Ambrose Evans-Pritchard
    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...
  • Re-state of the Union

    01/29/2014 6:18:45 AM PST · by Kaslin · 5 replies ^ | January 29, 2014 | John Stossel
    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...
  • Reports: Wal-Mart To Lay Off 2300 Sam's Club Employees

    01/27/2014 1:53:30 AM PST · by 2ndDivisionVet · 5 replies
    RTT News ^ | January 25, 2014 | Staff
    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....
  • U.S. jobless claims up modestly, labour market trend improving

    01/26/2014 5:18:32 AM PST · by Red in Blue PA · 8 replies
    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

    01/25/2014 3:31:29 PM PST · by KeyLargo · 33 replies ^ | Jan 25, 2014 | Kayla Moore
    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.
  • Obama to outline new plans for jobless next week

    01/25/2014 2:50:02 PM PST · by NormsRevenge · 54 replies
    Yahoo! News ^ | 1/25/14 | Roberta Rampton - Reuters
    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...
  • In Tough Job Market, Applicants Try Résumé Gimmicks

    01/25/2014 8:06:07 AM PST · by Innovative · 21 replies
    Wall Street Journal ^ | jan 23, 2014 | Lauren Weber
    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...
  • Welcome to Jobless America

    01/25/2014 7:39:57 AM PST · by Kaslin · 63 replies ^ | January 25, 2014 | Jeff Crouere
    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,...
  • Obama's Deceitful Blame-Shifting Game

    01/24/2014 6:32:25 PM PST · by Kaslin · 9 replies ^ | January 24, 2014 | Donald Lambro
    Throughout his economically-troubled presidency, Barack Obama's governing strategy has been one of political distraction: Blaming his failures on others in an attempt to convince enough Americans that he's not at all responsible for an underperforming, jobless economy. His latest, duplicitous shell game is to raise the issue of income inequality, which he blames on heartless business people and Republican lawmakers who refuse to buy into his dubious, job-killing plan to raise the nation's minimum wage and enact a bundle of new big-spending programs to help the unemployed. He's trying to shift our attention from the real reasons behind the growing...
  • Schumer seeks to poison Tea Party ["government can be a force for good"]

    01/23/2014 4:19:11 AM PST · by Cincinatus' Wife · 37 replies
    The Hill ^ | January 23, 2014 | Alexander Bolton
    Sen. Charles Schumer (N.Y.), the Senate Democrats’ political guru, has a plan to poison the Tea Party by driving a wedge between its rich funders and its blue-collar rank and file. Schumer, one of the Democrats’ most influential strategists, will argue in a major speech on Thursday that super-wealthy Tea Party donors have hijacked the grassroots movement that grew out of the economic anxiety of the 2008 financial collapse to suit their pro-big business agenda. He’ll lay out a blueprint for how Democrats can exploit what he argues is a weakness in the opposition in the address at the Center...
  • Tacoma teen fired after wearing Broncos jersey to work

    01/22/2014 2:32:53 PM PST · by CorporateStepsister · 27 replies
    Fox Sports News ^ | January 22, 2014 | Any Nesbett
    Nathaniel Wentz is a 17-year-old kid who plays quarterback for his high school football team. He also works — well, he used to work — during his free time. Why did we say he used to work? Because he was fired from his gig at Odyssey 1 family entertainment center in Tacoma, Washington after he wore a Broncos jersey to work last Sunday. Why was he wearing a Broncos jersey? Because his boss told employees that they could wear jerseys of their favorite teams to work since it was the day of the AFC and NFC Championship Games. Wentz's manager...
  • Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years

    01/22/2014 5:43:19 AM PST · by Kackikat · 6 replies
    Washington Examiner ^ | 01/21/2014 | Paul Bedard
    "the actual unemployment rate is 37.2% and the misery index is the worst in 40 years, since the Ford Administration."
  • Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years

    01/21/2014 9:23:30 PM PST · by 2ndDivisionVet · 37 replies
    The Washington Examiner ^ | January 21, 2014 | Paul Bedard
    (VIDEO-AT-LINK)Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud. In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government. Marotta, who recently advised those worried about an imploding economy to...
  • Mark Levin Show,M-F,6PM-9PM,EST,WABC AM, January 21, 2014

    01/21/2014 2:41:23 PM PST · by Biggirl · 218 replies
    Mark Levin Show ^ | January 21, 2014 | Mark Levin
    The Legacy Lives On! Mark’s Lost Dog & Cat Rescue Foundation “Conservatism is the antidote to tyranny precisely because its principles are the founding principles.” --Mark Levin in Liberty and TyrannyWelcome to “The Levin Lounge”… Step in and have a virtual FRink.Taking the country by storm, one radio station at a time – and kicking the BUTTS of the competition! Welcome all, to the most FUN LIVE THREAD on! You can call Mark’s show: 1-877-381-3811
  • Bill Gates: Raising Minimum Wage ‘Does Cause Job Destruction’

    01/21/2014 1:52:36 PM PST · by Olog-hai · 11 replies
    Cybercast News Service ^ | January 21, 2014 - 9:34 AM | Susan Jones
    Should the nation’s minimum wage be raised, as Democrats from President Obama on down are insisting? “Well, jobs are a great thing,” Microsoft founder and philanthropist Bill Gates told MSNBC’s “Morning Joe” on Tuesday. “So you have to be a bit careful: If you raise the minimum wage, you’re encouraging labor substitution, and you’re going to go buy machines and automate things—or cause jobs to appear outside of that jurisdiction. “And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge tradeoff.” …
  • UN: More than 200 million jobless last year

    01/20/2014 4:24:48 PM PST · by Olog-hai · 7 replies
    Associated Press ^ | Jan 20, 2014 10:47 AM EST
    The United Nations’ labor agency says the number of unemployed people around the world rose above 200 million last year as job opportunities failed to grow at the same pace as the global workforce. The International Labor Organization said Monday that an estimated 201.8 million people were unemployed in 2013. That’s 4.9 million more than the previous year. …
  • Welfare spending: how Britain outstrips Europe

    01/19/2014 2:30:35 AM PST · by Berlin_Freeper · 6 replies ^ | 15 Jan 2014 | Joel Gunter and Dan Palmer
    Welfare spending in Britain has increased faster than almost any other country in Europe since 2000, new figures show. The cost of unemployment benefits, housing support and pensions as share of the economy has increased by more than a quarter over the past thirteen years – growing at a faster rate than in most of the developed world. Spending has gone up from 18.6 per cent of GDP to 23.7 per cent of GDP – an increase of 27 per cent, according to figures from the OECD, the club of most developed nations. By contrast, the average increase in welfare...
  • U.S. initial jobless claims fall by 2,000 last week to 326,000

    01/16/2014 6:27:03 AM PST · by SeekAndFind · 6 replies
    Investing ^ | 01/16/2014
    The number of people who filed for unemployment assistance in the U.S. last week fell to a six-week low, fueling optimism over the U.S. labor market, official data showed on Thursday. n a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 11 declined by 2,000 to a seasonally adjusted 326,000 from the previous week’s revised total of 328,000. Analysts had expected U.S. jobless claims to hold steady at 328,000 last week. Continuing jobless claims in the week ended January 4 rose to 3.030 million from 2.856 million...