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Keyword: unemployment

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  • Poverty in US declines for first time since before recession

    09/16/2014 10:49:41 AM PDT · by Citizen Zed
    Gen. Martin E. Dempsey, the chairman of the Joint Chiefs of Staff, told Congress on Tuesday that he would recommend deploying United States combat forces against Islamic extremists in specific operations if the current strategy of airstrikes was not successful, raising the possibility of the kind of escalation that President Obama has flatly ruled out. General Dempsey said that the ground forces would likely be Special Operations commands who could call in airstrikes from the ground. In testimony before the Senate Armed Services Committee, he said that while he was confident in the ability of the coalition of American, European...
  • 46,496,145: Food Stamp Recipients Can Fill Yankee Stadium 925 Times

    09/15/2014 2:24:06 PM PDT · by SkyPilot · 22 replies
    CNS News ^ | 12 Sep 14 | Ali Meyer
    In June 2014, there were 46,496,145 recipients of the food stamp program, which is enough to fill the Yankee Stadium 925 times, according to data from the Department of Agriculture (USDA). The Yankee Stadium is equipped to hold 50,291 persons, meaning that the 46,496,145 Supplemental Nutrition Assistance Program (SNAP) recipients in June 2014 could fill the stadium 925 times. The number of recipients was up 270,999 since the previous month in May 2014 when there were 46,225,146 individuals participating in the program. Similarly, the number of households participating in the SNAP program has increased as well from the 22,590,393 participating...
  • Food stamp recipients could fill Yankee Stadium 925 times

    09/15/2014 11:01:27 AM PDT · by Impala64ssa · 11 replies
    Allen B. West ^ | 9/15/14 | Allen West
    Recently we reported there are 92 million Americans out of work who didn’t look for employment last month – while there were 9 million out of work who were still looking. And you must understand, since the 92 million aren’t looking, they’re not counted as “unemployed” therefore giving the impression that American unemployment is only 6.1 percent. Well, we haven’t looked at the growth of the welfare nanny-state for sometime. As we are winding down the baseball season — which is the last season for Yankee stalwart Derek Jeter — I figured we could pay tribute to the Yankees as...
  • Ferguson job fair attracts 5,000

    09/14/2014 9:14:49 AM PDT · by 2ndDivisionVet · 29 replies
    The St. Louis Post-Dispatch ^ | September 14, 2014 | Stephen Deere and Joel Currier
    FERGUSON • In less than half an hour, thousands of people arrived, dressed in jeans and suits, with their résumés in hand. The line to get into a room where dozens of potential employers sat waiting was at least 45 minutes long. A job fair sponsored by the Urban League of Metropolitan St. Louis on Saturday drew about 5,000. The event, held at St. Louis Community College’s Florissant Valley campus, was supposed to end at 2 p.m. But it ran more than an hour long just so everyone who had waited in line could interview. Damon Williams, 38, said frustration...
  • How Far Away Can Skynet Be?

    09/14/2014 4:55:17 AM PDT · by Kaslin · 25 replies
    Townhall.com ^ | September 14, 2014 | Derek Hunter
    Remember the Terminator movies and the evil electronic overlords of Skynet – the computer system that became self-aware and launched the war against humans? We aren’t there…yet. But we are fast approaching the point where people simply aren’t necessary to conduct a significant amount of business and life. There won’t be a single day – a “Skynet Day” – we will point to when the low- and no-skilled workers became the Betamax of the workforce. It will happen gradually. But it will happen. And we’ll spend decades arguing over why. It didn’t start with the formation of unions. They were...
  • Hollywood Code Red: 2014 Already a Write Off, 19% of Jobs Cut

    09/12/2014 11:28:52 AM PDT · by ImJustAnotherOkie · 138 replies
    Breibart ^ | 12 Sep 2014, 10:07 AM PDT | John Nolte
    When you combine Variety's story about a 19% drop in entertainment industry jobs, and The Hollywood Reporter's story about the 2014 box office already being written off as a "disaster," things look pretty glum in the business of show. And probably for good reason. No one expected Summer 2014 to tank. No one. Everyone's saying "wait till next year," but this year there was a Spider-Man, some X-Men, a bunch of Apes, more Transformers, ..., this past Labor Day weekend was the worst since the post- 9/11 Labor Day weekend. No one knows why. No one can explain it. And...
  • Jobless claims jump back above 300K; remain near pre-recession levels

    09/11/2014 3:19:04 PM PDT · by SeekAndFind · 13 replies
    CNBC ^ | 09/11/2014
    The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels. Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 315,000 for the week ended Sept. 6, the highest level since late June, the Labor Department said on Thursday. Claims for the prior week were revised to show 2,000 more applications received than previously reported. Economists polled by Reuters had forecast claims slipping to 300,000 last week. The period included the Labor Day holiday...
  • “Reach Higher!” Hell, Why Not Go For The White House?

    09/09/2014 5:04:24 AM PDT · by NOBO2012 · 6 replies
    Michelle Obama's Mirror ^ | 9-9-2014 | MOTUS
    I guess I’ve been a little off my game lately, butt in my defense, I hadn’t even noticed until Little Mo pointed out that I’ve been wasting a lot of valuable Ethernet time/space yacking about racist topics like ISIS/ISIL/IS/ISZ, Benghazi, IRS, Fast & Furious and how Putin is rebuilding the Soviet Union one country at a time. As a result, he reminded me that I’ve been giving short shrift to the more important issues facing our country, like renegade schools that are dumping Lady M’s “Healthy Lunch & Snack Programs.” Because kids just won’t eat them. So they’re hungry all...
  • BLS: Unemployed More Likely to Go Shopping on Average Day Than Look for Job

    09/08/2014 7:20:22 PM PDT · by 2ndDivisionVet · 18 replies
    CNS News ^ | September 8, 2014 | Ali Meyer
    On the average day, an unemployed American is more likely to be shopping—for things other than groceries and gas---than to be looking for a new job, according to data from the Bureau of Labor Statistics. Only 18.9 percent of Americans who were unemployed (in surveys conducted from 2009 through 2013) spent time in job search and interviewing activities on an average day, according to BLS. Yet 40.8 percent of the unemployed did some kind of shopping on the average day--either in a store, by telephone, or on the Internet. 22.5 percent of the unemployed, according to BLS, were shopping for...
  • Mexico Is the New Detroit; Forbes Credits NAFTA

    09/08/2014 7:04:50 PM PDT · by logi_cal869 · 21 replies
    New American ^ | 09/08/2014 | Bob Adelmann
    In a burst of unwarranted enthusiasm, Forbes magazine’s international automotive analyst, Joann Muller, announced gleefully that the rise of the auto-making business in Mexico represented not only more bad news for Detroit, but was the result of “wise trade policies south of the border.” In the promotion for her article, Muller asked rhetorically: “Washington, are you listening?” She concluded that, if those trade policies, better known as the North American Free Trade Agreement (NAFTA), work so well for Mexico, Washington should do more of it for the United States. Not a single word in her lengthy article was devoted to...
  • The Worst Job Stat Continues To Get Even Worse

    09/08/2014 7:09:22 AM PDT · by SeekAndFind · 10 replies
    IBD ^ | 09/08/2014 | Jed Graham
    Amid all the focus on boosting the minimum wage and legislating living wages, virtually no one seems to have noticed what is happening to the workweek in low-wage industries. Since December 2012, private industries paying up to about $14.50 an hour have added, on net, 972,000 nonsupervisory jobs with an average workweek of a mere 17.7 hours, an IBD analysis finds. That doesn't mean new employees are being hired for such few hours. Rather, it reflects a combination of reduced hours in existing jobs and short workweeks for newly created jobs. Overall, in these low-wage industries which employ 30 million...
  • Clifton-based recycler abruptly closes its doors, lays off 100 workers (New Jersey)

    09/07/2014 10:56:13 PM PDT · by 2ndDivisionVet · 16 replies
    The Clifton Journal ^ | September 5, 2014 | Jeff Green, Aaron Morrison, James M. O’Neill and Todd South
    Green Sky workers being told that the recycling plant is closing. A prominent Clifton-based recycling company abruptly closed its doors on Friday, informing more than 100 employees that they had worked their final day while dozens of North Jersey towns scrambled to forge temporary arrangements with other collectors. Green Sky Industries, which promoted itself as the stateÂ’s largest private recycler with 75 municipal contracts, many in Bergen and Passaic counties, announced in a letter to towns on Thursday that it was shutting both of its plants, in Clifton and Carteret in Middlesex County. The companyÂ’s Clifton employees on Friday were...
  • More Angelenos are becoming street vendors amid weak economy

    09/06/2014 8:59:25 PM PDT · by 2ndDivisionVet · 42 replies
    The Los Angeles Times ^ | September 6, 2014 | Tiffany Hsu
    Sitting at her street vending booth with products arrayed neatly on a sequined purple tablecloth, Jackie Lloyd reflects nostalgically on the days when she had a steady salary and regular hours.. That was four years ago, before the 39-year-old was laid off from her job as an elementary school cafeteria worker and mounting bills forced her to venture into self-employment. Now the Pico-Union resident hops from location to location, selling body oils, shea butter, soap and incense. She moves when nearby businesses complain or she feels unsafe. Some days, her sales bring in $150. Others, they don't break $20....
  • Unemployed Unicorns, Bonfires & the Magic Rainbow of Obamanomics

    09/06/2014 4:45:28 PM PDT · by xuberalles · 19 replies
    Self | 9/6/14 | Me
    I’ve said it before and I’ll say it again: the Obama economic recovery is a complete sham! Barack the Barista, aided by his media muppets and trusty teleprompter, continues to tout the “common core” 6.1% unemployment rate while shouting “America is back” from the top of Mount Hypocrisy amidst adoring crowds of mindless Kool-Aid drinkers. As expected, our so-called President is excluding one teensy-weensy, minor detail: Over 92 MILLION Americans, more than a third of the country, are not working! Workforce participation is at an atrocious 62.8%, the lowest rate since Carter’s implosion in 1978, and food stamp recipients have...
  • Millions of job openings, so why aren’t companies hiring?

    09/06/2014 9:18:57 AM PDT · by Citizen Zed · 44 replies
    Yahoo Finance ^ | 9-4-2014
    Even though there were 4.7 million jobs openings in June, the most since 2001, employers are waiting longer to fill them than they have in more than a decade, according to an index created by University of Chicago economist Steven Davis. It's taking 25 working days on average to fill vacancies, a 13-year high, according to the Dice-DFH Vacancy Duration Measure. And for companies with 5,000 employees or more, it's taking more than twice that long -- an average of 58.1 working days. In the accompanying video, Davis points to a few key reasons that could explain why. "The economy...
  • Media Desperately Spinning Bad Jobs Report

    09/06/2014 10:52:10 AM PDT · by SeekAndFind · 16 replies
    Frontpage Mag ^ | 09/06/2014 | Daniel Greenfield
    Shockingly enough the numbers are bad and performing below the usual optimistic expectations. Just like every other time.I’ll just give you the headlines for a taste of how frantically the media is spinning the bad news. A Disappointing Jobs Report May Mask Economy’s Strength – NPRJobs Report: Not Good, but Not Terrible Either – New York TimesDon’t freak out about bad jobs report – Washington PostWhy weak August jobs report probably a fluke – MarketWatchThe Awful New Jobs Report Has One Silver Lining – New Republic It’s a fluke! There’s a silver lining! The bad news is really good news!...
  • For Europe’s vast unemployed, hopes remain dim

    09/06/2014 6:19:31 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Sep 6, 2014 9:02 AM EDT | Paul Wiseman
    For the struggling Spanish shopkeeper or the Portuguese restaurant owner, the European Central Bank’s latest economic stimulus plans won’t likely provide much relief anytime soon. If ever. Confronting a stalled economy and painful unemployment across Europe, the ECB is doing what it can. It surprised economists and investors Thursday by cutting its benchmark interest rate to a record-low 0.05 percent. And it announced plans to pump money into the financial system by buying bonds backed by assets such as auto and credit-card loans. But Europe faces a crushing array of problems—from burdensome regulations to growth-killing budget policies—that analysts say remain...
  • White Unemployment 5.3% -- Black Unemployment 11.4%

    09/05/2014 10:29:52 AM PDT · by Jim Robinson · 52 replies
    CNSNews ^ | September51, 2014 | By Michel mW. Chapman
    (CNSNews.com) – While unemployment nationwide is 6.1%, the unemployment rate for black Americans at 11.4% is more than double the rate for white Americans, who have an unemployment rate of 5.3%, according to the Bureau of Labor Statistics (BLS). The unemployment rate for Latino Americans, at 7.5%, is also lower than the unemployment rate for blacks, the BLS data show. For black Americans, age 16 and older, seasonally adjusted, the unemployment rate between July and August stayed the same at 11.4%, and that is up from the 10.7% rate in June. The last time the black unemployment rate was 11.4%...
  • Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    09/05/2014 10:17:23 AM PDT · by Red Badger · 39 replies
    CNS News Service ^ | September 5, 2014 - 9:07 AM | By Ali Meyer
    CNSNews.com) - A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics. The labor force participation rate has been as low as 62.8 percent in six of the last twelve months, but prior to last October had not fallen that low since 1978. BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison,...
  • Payroll growth slumps in August; unemployment rate down to 6.1%

    09/05/2014 6:44:06 AM PDT · by SeekAndFind · 21 replies
    CNBC ^ | 08/05/2014 | Jeff Cox
    Job growth cooled in August, with nonfarm payrolls adding just 142,000 even as the unemployment rate fell to 6.1 percent, according to the Labor Department. The fall in the headline rate came as labor-force participation fell, declining to 62.8 percent, or 64,000 workers, tying the 2014 bottom and remaining at the lowest level since 1978. Economists expected payroll growth of 225,000 in August following July's upwardly revised 212,000. The unemployment rate was forecast to drop to 6.1 percent from 6.2 percent. August's number are a notoriously volatile set, with 2013's initially reported 169,000 ultimately revised up to 238,000. In 2011,...