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Keyword: unemployment

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  • 14 states hit record-low unemployment

    04/23/2018 10:50:47 AM PDT · by Red Badger · 23 replies
    thehill.com ^ | 04/23/18 11:21 AM EDT | By Reid Wilson
    Fourteen states have set new records for low unemployment rates in the last year, nearly a decade after the recession put millions of Americans out of work. The states hitting new unemployment lows run the ideological gamut, from conservative Texas to liberal California, suggesting a recovery stronger than any particular political persuasion. In March, eight states saw new record lows, including Hawaii (2.1 percent), Idaho (2.9 percent), Kentucky (4 percent ), Maine (2.7 percent), Mississippi (4.5 percent), Oregon (4.1 percent) and Wisconsin (2.9 percent). California also set a new record last month. The Golden State’s unemployment rate stands at 4.1...
  • Harvey, IL pension crisis 'canary in the coal mine'

    04/20/2018 6:55:42 AM PDT · by george76 · 18 replies
    American Thinker ^ | April 20, 2018 | Rick Moran
    Harvey. Illinois is in the midst of a financial crisis that represents the tip of the iceberg ... The city of 25,000 in the far northwest suburbs of Chicago is suffering from high unemployment (22%). An astonishing 32% of the population lives below the poverty level. This is a deadly mixture that has caused catastrophic shortfalls in revenue, leading to a crisis in funding pensions for the city's retired workers. Since state law prohibits municipal bankruptcy, Harvey has been forced into a situation Illinois has never seen. In February, the state began to garnish Harvey's revenue to fund its pension...
  • Number of people receiving unemployment benefits running at 44-year lows

    04/12/2018 7:07:28 AM PDT · by SeekAndFind · 13 replies
    Washington Examiner ^ | 04/12/2018 | Joseph Lawler
    The number of people receiving unemployment benefits is running at the lowest level in 44 years, the Department of Labor reported Thursday. Altogether, 1.88 million people were receiving jobless benefits at the end of March. That was low enough to sent the monthly average for such claims down to 1.85 million, the lowest such mark since January of 1974, when the total workforce was much smaller. Unemployment benefits are available for up to 26 weeks in most states. During the worst of the recession, as many as 6.5 million workers were getting unemployment insurance. As for new claims for unemployment...
  • Robots Are Coming for Our Jobs. Thank Goodness.

    04/09/2018 8:03:06 AM PDT · by SeekAndFind · 11 replies
    Foundation for Economic Education ^ | 04/09/2018 | Andrew Lilico
    Technological progress has frequently resulted in changes in the nature of work, sometimes affecting skilled workers more and sometimes affecting unskilled workers more. But whichever categories of worker were affected, such changes have almost universally been to the benefit of workers of all skill levels. Let’s consider two or three professions of the past.Take the “tanner.” Before technology transformed the nature of such work, Wikipedia tells us that tanning “was considered a noxious or ‘odoriferous trade’ and relegated to the outskirts of town, amongst the poor… The ancient tanner might use his bare feet to knead the skins in dung...
  • Why 'Opportunity Zones' Could Solve Unemployment In Slow-Growth Areas

    04/06/2018 6:52:29 AM PDT · by SeekAndFind · 10 replies
    RCM ^ | 04/05/2018 | John Bailey
    Recent national economic reports point to a robust economic recovery. Employment is steadily increasing, and unemployment has fallen to a 17 year low. But obscured by the national averages are 52 million Americans still living in distressed communities, areas where poverty rates, unemployment, income, and business growth are far below the national averages. This economic recovery has been unusual with its geographic concentration. Research by the Economic Innovation Group shows that just 73 out of 3,000 counties produced more than half the job growth in the first five years after the recession. A mere five metro areas were responsible for...
  • Private payrolls grow by 241,000 in March vs. 205,000 estimate: ADP/Moody's Analytics

    04/04/2018 9:12:00 AM PDT · by SeekAndFind · 4 replies
    CNBC ^ | 04/04/2018 | Jeff Cox
    * Private companies added 241,000 positions in March as employment in construction and manufacturing surged, according to ADP and Moody's Analytics. * The report was well ahead of Wall Street estimates for 205,000 growth and marked the fifth straight month that private payroll growth topped 200,000. * Service providers added 176,000 new jobs while goods-producing industries contributed 65,000. * "The job market is rip-roaring," says Mark Zandi, Moody's Analytics' chief economist. Companies kept up the hiring pace in March, adding 241,000 positions as employment in construction and manufacturing surged, according to a report Wednesday from ADP and Moody's Analytics. Economists...
  • Booming: Jobless Claims Hit Lowest Level Since the Nixon Administration

    03/30/2018 7:01:07 AM PDT · by SeekAndFind · 20 replies
    Townhall ^ | 03/30/2018 | Guy Benson
    Tax reform may not be generating the drumbeat of positive headlines that it once was, but the progress and successes it has created continue to pile up.  Walgreens has affirmed a $100 million investment in raising employees' wages thanks to the GOP-passed law, as McDonald's unveils new education benefits, also to the tune of nine figures, for its workers.  Meanwhile, House Speaker Paul Ryan is touting the decision of a smaller Maryland-based company that he visited last fall to offer tax reform bonuses of up to $1,000.  More than four million US workers have received such bonuses from their employers...
  • As Trump Targets Immigrants, Elderly Brace To Lose Caregivers

    03/26/2018 9:08:05 AM PDT · by spintreebob · 85 replies
    Kaiser Health News ^ | 3/26/2018 | Melissa Bailey
    People living with disabilities, serious illness and the frailty of old age are bracing to lose caregivers due to changes in federal immigration policy. About 59,000 Haitians live in the U.S. under Temporary Protected Status (TPS), a humanitarian program that gave them permission to work and live here after the January 2010 earthquake devastated their country. Many work in health care, often in grueling, low-wage jobs as nursing assistants or home health aides. Now these workers’ days are numbered: The Trump administration decided to end TPS for Haitians. In Boston, the city with the third-highest Haitian population, the decision has...
  • Tariffs Were Killing New Zealand’s Economy. Free Trade Turned It Around.

    03/22/2018 9:08:44 PM PDT · by Tolerance Sucks Rocks · 29 replies
    The Daily Signal ^ | March 16, 2018 | Patrick Tyrrell and Caleb Pascoe
    The new tariffs announced by President Donald Trump have generated intense controversy. With the debate ongoing, it might be useful to examine how other countries have dealt with similar policy debates in the past. New Zealand now ranks third in The Heritage Foundation’s Index of Economic Freedom and is one of the champions of economic freedom around the world. But it wasn’t always so. In the mid-1980s, New Zealand was facing an economic crisis, with its domestic market and international trade both heavily regulated. Unemployment had reached 11 percent, and inflation was a sky-high 15 percent. In response, the government...
  • Good News or Bad News

    03/21/2018 6:01:59 PM PDT · by upchuck · 9 replies
    email | Mar 21, 2018 | Newt Gingrich
    Four recent news stories caused me to think about the current political environment, and how we increasingly reframe news to fit our ideological understanding of the world. It seems that more and more, information means something totally different to people depending on their outlook – to the point that people with differing political positions can appear to be living in alternate realities. Consider how some might react to these four unrelated, recent events: 1. The Daily Caller reported on March 15 that 2 million Americans got off food stamps in President Trump’s first year. Citing a recent assessment by the...
  • Oh No! We are Running Out of People (Well, Not Quite)

    03/20/2018 9:00:29 AM PDT · by SeekAndFind · 6 replies
    Mish Talk Global Economic Trend Analysis ^ | 03/20/2018 | Mike Shedlock
    Barring a recession, it appears the US is running out of people. We aren't. The chart is misleading. The Wall Street Journal asks Is America Running Out of Unemployed People to Fill Jobs? For every job opening in America, there’s now barely more than one unemployed person available to take it. In mid-2015, there were 2.3 million more unemployed people than open jobs. By January, the gap had narrowed to 372,000. Pool of Potential Workers There is a huge pool of workers as shown by the following Advisor Perspectives chart on the Labor Force Participation Rate. In every age group...
  • Job-Creation Gap Widens Economic Red State-Blue State Divide

    03/16/2018 7:00:31 AM PDT · by SeekAndFind · 37 replies
    PJ Media ^ | 03/16/2018 | Simon Constable
    The U.S. isn’t just politically divided -- it’s also economically divided. New research says the two go hand-in-glove together. There are the haves and the have-nots. Increasingly, the red states, which tend to vote Republican, are trailing far behind the blue states, which tend to vote Democrat, according to a recently published study. Worse still, the divide is getting wider. This economic chasm helps explain president Trump’s rise to power, and why he could hold on to it longer than his detractors think possible. “Generally, red states or the red areas of the country are lagging blue areas for employment...
  • Jobs Growth ‘Explodes:’ ABC, NBC Give It Just 39 Seconds Combined

    03/12/2018 6:12:41 PM PDT · by Kaslin · 21 replies
    Newsbusters.org ^ | March 12, 2018 | Julia Seymor
    February job gains came in at a whopping 313,000 new jobs, so much that NBC Nightly News anchor Lester Holt acknowledged it “blows away economists’ expectations.” The Wall Street Journal said expectations were at only 205,000. Unemployment also remained at the 17-year-low of 4.1 percent. But only one network gave the good news any serious attention. February job gains came in at a whopping 313,000 new jobs, so much that NBC Nightly News anchor Lester Holt acknowledged it “blows away economists’ expectations.” The Wall Street Journal said expectations were at only 205,000. Unemployment also remained at the 17-year-low of 4.1...
  • Worse Than Hitler!

    03/10/2018 6:15:26 AM PST · by NOBO2012 · 8 replies
    MOTUS A.D. ^ | 3-10-18 | MOTUS
    Employment up! Unemployment down! (Unexpectedly.) Payrolls rose 313,000 in February, compared with the 205,000 median estimate in a survey of economists, and the two prior months were revised higher by 54,000, Labor Department figures showed Friday. Women and minorities hardest hit! Black, Hispanic unemployment hit historic lows: Just 6.9 percent of black adults were unemployed in February, according to the Bureau of Labor Statistics, the second-lowest such ratio since the agency has been keeping track.Hispanic workers, too, are currently enjoying historically low rates of unemployment. At 4.9 percent in February, Hispanic unemployment is just a tenth of a percentage point...
  • Black unemployment falls to second-lowest level on record in February

    03/09/2018 12:06:44 PM PST · by SeekAndFind · 18 replies
    Washington Examiner ^ | 03/09/2018 | Joseph Lawler
    The unemployment rate for black Americans fell back down to an historic low in February, after spiking up in January. Just 6.9 percent of black adults were unemployed in February, according to the Bureau of Labor Statistics, the second-lowest such ratio since the agency has been keeping track. The low mark was set in December, at 6.8 percent. Then, the rate spiked to 7.7 percent, but that increase proved short-lived. President Trump has touted the fact that black unemployment has dipped so low on his watch, including during his State of the Union address. When the black jobless rate hit...
  • Labor force participation increase is biggest since 2003 as many Americans finally get back to work

    03/09/2018 12:02:28 PM PST · by SeekAndFind · 27 replies
    CNBC ^ | 03/09/2018 | Jeff Cox
    The U.S. economy did more than give jobs to 313,000 in February — it brought nearly three times that amount off the sidelines, where more than 95 million Americans still sit. Inside the glittering nonfarm payrolls report the Bureau of Labor Statistics released Friday were some even more inspiring numbers. Skilled labor positions surged with big increases in construction and manufacturing, which has seen its best three-month period since 1984. On a bigger-picture level, there was even more. The labor force surged by 806,000, the biggest move since September 2003, and now sits just below 162 million. That's due to...
  • Hiring surge adds 313K jobs in February, most in 1 ˝ years

    03/09/2018 5:38:11 AM PST · by RoosterRedux · 47 replies
    abcnews/AP ^ | Christopher Rugaber
    US employers went on a hiring binge last month, adding 313,000 jobs, the most since July 2016, and drawing hundreds of thousands of people into the job market. The Labor Department says wage gains, meanwhile, fell from the previous month to 2.6 percent year-over-year growth. Strong hourly wage growth had spooked markets in February because it raised the specter of inflation. But January's figure was revised one-tenth of a point lower to 2.8 percent. The influx of new workers kept the unemployment rate unchanged at 4.1 percent.
  • Are Liberal Arts Majors Working

    02/22/2018 2:49:07 PM PST · by Academiadotorg · 38 replies
    Accuracy in Academia ^ | February 22, 2018 | Malcolm A. Kline
    The American Academy of Arts and Sciences (AAAS) is trying to prove that liberal arts majors are gainfully employed but they're not doing so all that clearly. For one thing, they call the report "The State of the Humanities 2018: Graduates in the Workforce and Beyond." What exactly is beyond the workforce other than unemployment and retirement? "While their unemployment rate has declined since the Great Recession, humanities graduates had a level of unemployment in 2015 that was modestly higher than the rate for the bachelor’s-holding population as a whole," the report proclaims. "The 4.3% unemployment rate among terminal bachelor’s...
  • Jobless claims plunge to 222,000, second-lowest mark in decades

    02/22/2018 9:45:08 AM PST · by Red Badger · 20 replies
    www.washingtonexaminer.com ^ | 02/22/2018 | by Joseph Lawler
    New applications for unemployment benefits dropped 7,000 to 222,000 in the second full week of February, the Department of Labor reported Thursday, the second-lowest mark of the recovery and a good sign for the economy. Forecasters had expected new jobless claims to remain steady at an ultra-low 230,000. Lower claims are good news because they mean fewer people are getting laid off. Thursday's mark is the lowest since the early 1970s, setting aside the week of January 13, when claims touched as low as 216,000. The report should raise expectations for a very strong jobs report for the month of...
  • Will Automation Kill Our jobs? (Or are they creating jobs faster than they are destroying them?)

    02/20/2018 9:53:20 AM PST · by SeekAndFind · 12 replies
    Frontpage Mag ^ | 02/20/2018 | Walter Williams
    A recent article in The Guardian dons the foreboding title "Robots will destroy our jobs — and we're not ready for it." The article claims, "For every job created by robotic automation, several more will be eliminated entirely. ... This disruption will have a devastating impact on our workforce." According to an article in MIT Technology Review, business researchers Erik Brynjolfsson and Andrew McAfee believe that rapid technological change has been destroying jobs faster than it is creating them, contributing to the stagnation of median income and the growth of inequality in the United States. If technology is destroying jobs...