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Keyword: unemployment

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  • U.S. Weekly Jobless Claims Jump More Than Expected To 313,000

    02/26/2015 6:41:32 AM PST · by SeekAndFind · 19 replies
    RTT News ^ | 02/26/2015
    First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended February 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims jumped to 313,000, an increase of 31,000 from the previous week's revised level of 282,000. Economists had expected jobless claims to edge up to 290,000 from the 283,000 originally reported for the previous week. The Labor Department said the less volatile four-week moving average also climbed to 294,500, an increase of 11,500 from the previous week's revised average of 283,000. With the increase, the four-week...
  • Yellen: Unemployment Rate Looks 'Less Rosy' When Part-Time and Discouraged Workers Are Counted

    02/24/2015 11:54:36 AM PST · by Hojczyk · 12 replies
    CNS News.com ^ | February 24,2015 | Ali Meyer
    Federal Reserve Chair Janet Yellen said Tuesday at a Senate Banking Committee hearing that the U-6 unemployment rate--which includes people who are working part-time for economic reasons and those who are marginally attached to the labor force--“definitely shows a less rosy picture” of employment in the country. People "marginally attached" to the labor force "are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for one work sometime in the past 12 months." In January, according to the Bureau of Labor Statistics, the "U-3" unemployment...
  • Latinos to account for over 40% of increase in U.S. employment over next 5 years, study finds

    02/24/2015 10:58:59 PM PST · by 2ndDivisionVet · 41 replies
    Fox News Latino ^ | February 24, 2015
    A new study released Tuesday indicates that Latinos will play an ever increasing role in the future of job growth in the United States. Latinos will account for more than 40 percent of growth in the next five years and more than 75 percent between 2020 and 2034 – an increase of 11 million jobs out of an economy-wide gain of 14 million, according to an analysis done by the economic forecasting firm IHS Global Insight. A number of reasons will account for the rise of Latinos in the workplace, but some major factors will be a Hispanic population growth...
  • The group that’s seen the slowest unemployment recovery under Obama? Black Americans.

    02/24/2015 9:09:41 PM PST · by Maelstorm · 27 replies
    http://www.washingtonpost.com ^ | February 6 | By Philip Bump
    There's a lot of blurring that happens with the Bureau of Labor Statistics' monthly jobs report, the splashy release that drives headlines about the unemployment rate and (recently at least) the gains in the job market. One example is that the figures are seasonally adjusted, to offer a comprehensible baseline month-over-month instead of always having to explain that employment always spikes in June and at the end of the year. It's blurry in a more important way, too. Reporting that unemployment in January was at 5.7 percent (a tick upward from December's figure) tells us a lot about the economy....
  • Yellen: Unemployment Rate 'Less Rosy' When You Count Part-Time, Discouraged Workers

    02/24/2015 5:36:17 PM PST · by Son House · 21 replies
    CNS News ^ | February 24, 2015 | Ali Meyer
    Federal Reserve Chair Janet Yellen said Tuesday at a Senate Banking Committee hearing that the U-6 unemployment rate--which includes people who are working part-time for economic reasons and those who are marginally attached to the labor force--“definitely shows a less rosy picture” of employment in the country. People "marginally attached" to the labor force "are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for one work sometime in the past 12 months." In January, according to the Bureau of Labor Statistics, the "U-3" unemployment...
  • New Data Show How Firms Like Infosys and Tata Abuse the H-1B Program

    02/19/2015 4:46:21 PM PST · by bushwon · 48 replies
    Outsourcing by the THOUSANDS The outsourcing companies involved in the Southern California Edison (SCE) scandal I wrote about last week—where U.S. workers were replaced with H-1B guestworkers—are Infosys and Tata Consultancy Services. These two India-based IT firms specialize in outsourcing and offshoring, are major publicly traded companies with a combined market value of about $115 billion, and are the top two H-1B employers in the United States. In Fiscal Year (FY) 2013, H-1B petitions government, and Tata ranked second with 6,193. As with the SCE scandal, these leading offshore outsourcing firms use the H-1B program to replace American workers and...
  • Biden: Running away from Obama in 2016 would be ‘mistake’ for Dems

    02/12/2015 9:52:51 PM PST · by PROCON · 40 replies
    washingtontimes ^ | Feb. 12, 2015 | Dave Boyer
    Vice President Joseph R. Biden said Democratic presidential candidates in 2016 should embrace President Obama’s economic policies and “run on what we have done” instead of running away from the administration. “In my view, those seeking to lead the nation should protect and defend and run, yes run, on what we’ve done and own what we have done,” Mr. Biden said in a speech in Des Moines, Iowa. “Stand for what we have done. Acknowledge what we have done. And be judged on what we have done, if we have any chance for continued resurgence in 2016.” He added, “Some...
  • Congress Destroying American Quality of Life One Foreign Worker at a Time

    02/09/2015 5:21:58 AM PST · by xzins · 17 replies
    CHQ ^ | 2/7/2015 | George Rasley
    Last Friday’s employment numbers where the subject of a lot of spin from the White House to make them sound good and from Republican politicians to make them sound bad, but almost no one talked about the most important finding from the Bureau of Labor Statistics. And that finding was that, since the start of the recession in 2007 (which allegedly ended in June 2009) the number of foreign workers employed in the United States rose by 1.7 million, while the number of American-born workers employed decreased by 1.5 million. About the only one in Washington talking about this astonishing...
  • Legislation Proposal: Limit Obama's Ability to Cash in on the Presidency

    02/09/2015 4:33:56 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | February 8, 2015 | John Ransom
    MaxUrderer wrote: You know what would be even BETTER? If we hadn't invaded a Iraq and destabilized the entire regime in the first place. If we had treated 9/11 as what it WAS, a crime, had caught the perpetrators and brought them to justice, and had left the evil but stabilizing dictator in place as we've done in Saudi Arabia. So no, John, Iraq was neither a "victory" nor a "war". It was a mistake. And it will NEVER be Obama's fault. It'll ALWAYS be Bush's fault. To summarize Conservative sentiment regarding Iraq: "That idiot Obama didn't fix our incredible...
  • AP-GfK Poll: Majority approves of Obama job on unemployment

    02/08/2015 10:41:13 PM PST · by Olog-hai · 42 replies
    Associated Press ^ | Feb 8, 2015 12:02 PM EST | Emily Swanson
    Americans’ views of President Barack Obama have improved slightly in the past two months, and opinions are more positive about the direction of the country and the health of the economy, an Associated Press-GfK poll finds. A slim majority now approves of the way Obama is handling unemployment, according to the poll, conducted before Friday’s release of a surprisingly strong jobs report. Forty-seven percent of those surveyed approve of how Obama is doing his job, compared with 41 percent in December, and 51 percent approve of his handling of unemployment, compared with 44 percent before. Nearly half say the economy...
  • Gallup CEO Fears He Might “Suddenly Disappear” for Questioning U.S. Jobs Data

    02/08/2015 6:37:42 AM PST · by Cringing Negativism Network · 57 replies
    Wall Street Parade ^ | February 5, 2015 | By Pam Martens and Russ Martens
    Years of unending news stories on U.S. government programs of surveillance, rendition and torture have apparently chilled the speech of even top business executives in the United States.
  • The Jobs Report Isn't Worthy of the Praise It's Getting

    02/06/2015 12:52:39 PM PST · by IBD editorial writer · 10 replies
    Investor's Business Daily ^ | 02/06/2015 | John Merline
    "Jobs report crushes it." "The streak continues." "It's raining jobs!" "That's great news." "This is a great jobs report across the board." From the tone of these headlines, and many others like them, you'd think the economy added a million jobs last month, instead of 257,000.
  • After 2 historic months of jobs growth, Illinois still lagging

    02/05/2015 8:17:17 PM PST · by george76 · 8 replies
    Illinois Policy ^ | February 3 2015 | Michael Lucci
    Illinois still lays claim to the worst recession recovery in the nation. According to the BLS household survey, there are still 216,000 fewer Illinoisans working than when the Great Recession began, the worst of any state and one of only 22 states that still have fewer people working than when the recession started. .... The business-establishment survey for the 2008-2014 period shows 114,000 fewer payroll jobs in Illinois than when the recession began, the second-worst record of any state, and one of only 15 states yet to break even on the recession. Only New Jersey is down more payroll jobs....
  • U.S. Adds 257,000 Jobs in January, Wages Still a Concern

    02/06/2015 5:42:37 AM PST · by mykroar · 14 replies
    FoxBusiness.com ^ | 2/6/15 | Dunstan Prial
    The unemployment rate was 5.7%, according to figures released Friday by the U.S. Labor Department, slightly higher than the December rate as more Americans re-entered the work force. Economists had predicted 234,000 new jobs last month and that the unemployment rate would hold steady at 5.6%. Average hourly earnings for all employees on private nonfarm payrolls rose by 0.5% in January, a turnaround from December, when wages fell by 5 cents to $24.57. Over the past 12 months, average hourly earnings have risen by just 1.7%, well below the 3% rate economists say is healthy. The labor force participation rate...
  • Notices go out to more than 1,700 Izod Center workers that they'll lose jobs (New Jersey)

    02/05/2015 8:42:34 PM PST · by 2ndDivisionVet · 25 replies
    EAST RUTHERFORD, N.J. – Notices have gone out to more than 1,700 Izod Center workers that they'll lose their jobs by the end of March because the arena is closing. Almost all of the employees are part-time. The Record (http://bit.ly/1zPZgk1 ) reports the New Jersey Sports and Exposition Authority says the layoffs include 618 stagehands, 263 security guards, 169 admissions workers, 116 trades workers, 66 box office employees, and 50 parking attendants....
  • Weatherford to cut 5,000 jobs as it fights oil slump

    02/05/2015 8:27:35 PM PST · by 2ndDivisionVet · 7 replies
    CNBC / Reuters ^ | February 5, 2015
    Weatherford International plans to cut 5,000 jobs, or about 9 percent of its workforce, by the end of the first quarter as the oil services company tries to save costs amid sinking oil prices and budget cuts. The job cuts will focus on both operating and support positions and a majority of the reductions will be in the Western Hemisphere, the company said in a statement. Weatherford, which currently employs about 56,000 people across the world, expects the job cuts to result in annualized savings of over $350 million. "Due to the quickly changing market conditions, we are aligning and...
  • The Big Lie

    02/05/2015 1:44:32 PM PST · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 02/05/15 | Dr. Ileana Johnson Paugh
    While you lost your doctor, your premiums skyrocketed, the deductibles went through the roof, co-pays were larger than ever, your medical care took a dive While the country is busy blaming the measles outbreak at Disneyland on the official story line that it came from “overseas,” and the main stream media is pushing the agenda of vaccination, blaming the outbreak on the statistically insignificant number of Americans who refuse to vaccinate their children, the media is deliberately ignoring the elephant in the room, the illegal aliens bussed and flown in continuously since last year by this administration from countries where...
  • Gallup CEO: Number of Full-Time Jobs as Percent of Population Is Lowest It’s Ever Been (Video)

    02/05/2015 11:06:33 AM PST · by Beave Meister · 18 replies
    The Gateway Pundit ^ | 2/5/2015 | Jim Hoft
    Gallup CEO and Chairman Jim Clifton doubled-down on his comments earlier in the week on the misleading Obama unemployment rate. Obama says the unemployment rate is 5.6% which is very misleading. Clifton went on America’s Newsroom today to explain the misleading government numbers. “The number of full-time jobs, and that’s what everybody wants, as a percent of the total population, is the lowest it’s ever been… The other thing that is very misleading about that number is the more people that drop out, the better the number gets. In the recession we lost 13 million jobs. Only 3 million have...
  • Defining Economic Failure Down: We’re coming to accept a weaker economy as the new normal.

    02/05/2015 8:42:10 AM PST · by SeekAndFind · 6 replies
    National Review ^ | 02/05/2015 | George Will
    Two phrases that Daniel Patrick Moynihan put into America’s political lexicon two decades ago are increasingly pertinent. They explain the insufficient dismay about recent economic numbers. Moynihan said that when deviant behaviors — e.g., violent crime, or births to unmarried women — reach a certain level, society soothes itself by “defining deviancy down.” It de-stigmatizes the behaviors by declaring them normal. And sometimes, Moynihan said, social problems are the result of “iatrogenic government.” In medicine, an iatrogenic ailment is inadvertently induced by a physician or medicine; in social policy, iatrogenic problems are caused by government. When the economy grew by...
  • When Leftwing Economists Gruber and Krugman Practiced Economics

    02/05/2015 7:37:45 AM PST · by Kaslin · 1 replies
    Townhall.com ^ | February 5, 2015 | Larry Elder
    resident Barack Obama, in his State of the Union speech, called for a minimum-wage hike and for government-mandated paid family and medical leave. "We are the only advanced country on Earth," said the President, "that doesn't guarantee paid sick leave or paid maternity leave to our workers." On the minimum wage, Obama issued this challenge: "And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, try it. If not, vote to give millions of the...
  • Only 44 Percent of U.S. Adults Work 30 Hours a Week or More with a Regular Paycheck

    02/04/2015 8:22:44 PM PST · by george76 · 19 replies
    National Review ^ | February 4, 2015 | Jim Geraghty
    It’s not every day you see you see the chairman and CEO of the Gallup polling organization come out and declare the official unemployment rate number is extremely misleading, or, as the headline suggests, “a big lie”: ... There’s another reason why the official rate is misleading. Say you’re an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 — maybe someone pays you to mow their lawn — you’re not officially counted as unemployed in the much-reported 5.6%....
  • Southern California Edison IT workers 'beyond furious' over H-1B replacements

    02/04/2015 5:26:26 PM PST · by Bill_o'Rights · 189 replies
    Computerworld ^ | Feb 4, 2015 12:06 PM PT | Patrick Thibodeau
    Information technology workers at Southern California Edison (SCE) are being laid off and replaced by workers from India. Some employees are training their H-1B visa holding replacements, and many have already lost their jobs...The H-1B program "was supposed to be for projects and jobs that American workers could not fill," this worker said. "But we're doing our job. It's not like they are bringing in these guys for new positions that nobody can fill. "Not one of these jobs being filled by India was a job that an Edison employee wasn't already performing," he said...SCE employees said that since August,...
  • Gallup condemns Obama's unemployment numbers as a blatant 'lie'‏

    02/04/2015 4:48:29 PM PST · by aquapub · 25 replies
    Conservative Examiner ^ | February 4, 2015 | Robert Moon
    Gallup CEO Jim Clifton denounced the White House and the news media on Tuesday for wildly misinforming the public on the current unemployment numbers. According to the report, Obama's overtly dishonest and partisan Labor Department has once again published "extremely misleading" figures that deliberately misrepresent the nation's unemployment rate as significantly better off than they are...
  • ADP Says U.S. Private Sector Added 213,000 Jobs In January

    02/04/2015 9:42:40 AM PST · by SeekAndFind · 16 replies
    Forbes ^ | 02/04/2015
    Out Wednesday, ADP’s January National Employment Report shows private payrolls adding 213,000 jobs in the first month of 2015. The January figure was somewhat lower than the 220,000 economists had been anticipating, however, the payroll provider hiked its November and December readings comfortably. ADP now says 274,000 jobs were added in November up from 227,000 and that 253,000 jobs were added in December from 241,000. In a press release ADP chief Carlos Rodriguez noted that January’s gains were in line with the 12-month average of over 200,000 jobs added. Moody’s Analytics Chief Economist Mark Zandi added, “Employment posted another solid...
  • The 5.6% Unemployment Rate Is A 'Big Lie,' Gallup Boss Says

    02/04/2015 4:54:05 AM PST · by IBD editorial writer · 11 replies
    Investor's Business Daily ^ | 02/02/2015 | Terry Jones
    We at IBD often get lambasted for our gloomy take on the monthly jobs data that emerge from the government. After all, if the government puts it out, it can't be inaccurate, can it? And it must be honest, right? Well, we're not alone in casting aspersions on the dicey employment numbers.
  • Report: The Gravy Train Is Over For Welfare Recipients: ‘Earn Your Keep or Go Hungry’

    02/03/2015 3:42:49 PM PST · by Kartographer · 49 replies
    SHTR Plan ^ | 2/3/15 | Mac Slavo
    For those who are tired of seeing their hard earned money forcibly seized by the government and redistributed to those who refuse to contribute anything of value to society. Even the staunchest of conservatives and libertarians understands that a civilized society needs to provide some level of support for those who are sick, disabled, or simply going through a rough period like losing a job. Americans are a generous people and for the most part we’re all willing to chip in to make our country a better place. But we can all probably agree that within the social programs designed...
  • Revocation of Islamic organizations tax exempt status

    02/03/2015 4:56:29 PM PST · by Steve Newton · 24 replies
    Self ^ | 2014 | Steve Newton
    To revoke the tax exempt status of all Islamic organizations in the United States. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
  • VANITY: SCRIPTURE HELP FOR UNEMPLOYED FRIEND

    02/03/2015 2:29:06 PM PST · by fatnotlazy · 24 replies
    VANITY | NONE | fatnotlazy
    Freeper Friends: A close friend lost her job a week ago. This afternoon she called me feeling very depressed and anxious. I'm trying to be there for her and offer her words of encouragement. As she is a devout Christian, I'm looking for some Scripture that might lift her up. Can any of you help me? Thank you.
  • GALLUP: "The Big Lie: 5.6% Unemployment"

    02/03/2015 10:10:41 AM PST · by Reverend Saltine · 44 replies
    Gallup.com ^ | February 3, 2015 | Jim Clifton
    Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading. Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market. None of them will tell you this: If you, a family member...
  • Gallup CEO: "America's 5.6% Unemployment Is One Big Lie"

    02/03/2015 9:49:47 AM PST · by SeekAndFind · 36 replies
    Zero Hedge ^ | 02/03/2015 | Tyler Durden
    The biggest threat to a corrupt regime is when truth moves away from the "conspiracy theory" fringes and into the mainstream. Which is why we thank Jim Clifton, Chairman and CEO of Gallup, for daring to tell the truth to those who care to listen.Posted first on LinkedInThe Big Lie: 5.6% UnemploymentHere’s something that many Americans -- including some of the smartest and most educated among us -- don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.Right now, we’re hearing much celebrating from the media, the White House and Wall Street...
  • The Big Lie: 5.6% Unemployment

    02/03/2015 9:26:37 AM PST · by Kartographer · 13 replies
    LinkedIn ^ | 2/3/15 | Jim Clifton
    Here’s something that many Americans -- including some of the smartest and most educated among us -- don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading. Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market. None of them will tell you this: If you, a family member...
  • Perpetuating Ineffective Anti-Poverty Programs

    02/02/2015 3:35:08 PM PST · by NYer · 7 replies
    Crisis Magazine ^ | February 2, 2015 | STEPHEN M. KRASON
    The Obama presidency has been distinguished for unprecedented levels of federal social welfare spending. In his second term, President Obama is pursuing new and expanded federal anti-poverty initiatives. There has been a sharp increase in the food-stamp and Children’s Health Insurance programs. Obama has proposed more federal funding for Head Start and pre-school education generally, job training for laid-off workers, and Medicaid. In fact, the Affordable Care Act (“Obamacare”) has bloated the Medicaid rolls. He is even seeking free federally subsidized community college education. I have seen numbers ranging from 79 to 126 federal programs aimed at reducing poverty...
  • Progressive Calls For Immigration Controls

    01/30/2015 7:42:27 AM PST · by Academiadotorg · 4 replies
    Accuracy in Academia ^ | January 29, 2015 | Malcolm A. Kline
    Yes you read that right, and an academic one, no less, much to the consternation of the circles he travels in. “I’m a philosophy professor specializing in ethics and political philosophy, and like many of my fellow academics, I’m a political progressive,” Philip Cafaro writes in The Chronicle Review. “I value economic security for workers and their families, and support a much more equal distribution of wealth, strong and well-enforced environmental-protection laws, and an end to racial discrimination in the United States. I want to maximize the political power of common citizens and limit the influence of large corporations. My...
  • ConocoPhillips tells employees to expect layoffs

    01/30/2015 12:04:47 AM PST · by 2ndDivisionVet · 3 replies
    Fuel Fix ^ | January 29, 2015 | Robert Grattan
    HOUSTON — ConocoPhillips has told its employees layoffs could be on the way, as the independent producer looks to reign in spending amid lower crude prices. The layoffs and an accompanying pay freeze will supplement cost-control steps the Houston company has already taken, such as slashing its exploration and production budget, Daren Beaudo, a spokesman for ConocoPhillips, said in an emailed statement. The company did not detail how many workers would be let go or when the job cuts could take place. “As with our capital program we will be deferring, delaying or eliminating controllable costs where we can,” he...
  • IBM Layoffs 2015: Here's What You Need To Know -- Big Blue's employees bracing for massive job cuts

    01/29/2015 7:55:50 AM PST · by SeekAndFind · 30 replies
    Talkin Cloud ^ | 01/29/2015 | CJ Arlotta |
    The VAR Guy reported last week that IBM's massive layoffs would begin this week — and this seems to be the case. Word surfaced last weekend that IBM is prepping to layoff up to 26 percent of its global workforce, or some 100,000 workers.Many of these layoffs come on the heels of Lance Crosby's resignation. Crosby, the founder of SoftLayer, a company IBM acquired for around $2 billion in July 2013, said in a statement that he was taking some time off before pursuing his "next challenge."Here's what you need to know about IBM's most recent round of layoffs....
  • President George Costanza’s Jobs Boom

    01/29/2015 6:37:50 AM PST · by SeekAndFind · 14 replies
    In a 1994 “Seinfeld” episode, George realizes that “every decision that I have ever made in my entire life has been wrong. My life is the complete opposite of everything I want it to be.” Jerry replies: “If every instinct you have is wrong, then the opposite would have to be right.” So Costanza approaches a gorgeous woman in the coffee shop and announces, “My name is George. I’m unemployed and I live with my parents.” To his surprise, she’s interested. He lands a job with the Yankees after insulting George Steinbrenner. Maybe President Obama ought to take Jerry’s advice...
  • U.S. jobless claims drop sharply to near 15-year low!

    01/29/2015 6:35:20 AM PST · by SeekAndFind · 51 replies
    Yahoo News via Reuters ^ | 01/29/2015 | Lucia Mutikani
    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits tumbled last week to its lowest level in nearly 15 years, adding to bullish signals on the labor market. Initial claims for state unemployment benefits dropped 43,000 to a seasonally adjusted 265,000 for the week ended Jan. 24, the lowest since April 2000, the Labor Department said on Thursday. It was the biggest weekly decline since November 2012. The drop, which far exceeded economists' expectations for a fall to only 300,000, probably exaggerates the strength of the jobs market as the data included the Martin Luther King...
  • 1 In 5 American Kids Rely On Food Stamps

    01/28/2015 8:03:20 PM PST · by Steelfish · 26 replies
    CBSNews ^ | January 28, 2015 | AIMEE PICCHI
    AIMEE PICCHI January 28, 2015 1 In 5 American Kids Rely On Food Stamps America is a global leader on a number of fronts, including having the largest economy in the world. But here is one area where the U.S., given its general affluence, would rather not distinguish itself: It has one of the highest rates of child poverty in the industrialized world. Even as the economy continues to recover from the Great Recession, 1 in 5 children are on food stamps, the U.S. Census said on Wednesday. Before the housing crash, 1 in 8 received federal food assistance. This...
  • Blocking Obama's Agenda Created 1.8 Million Jobs in 2014

    01/27/2015 5:00:29 AM PST · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 01/26/2014 | IBD Staff
    Unemployment: A new study finds that 60% of the jobs gained last year were due to the fact that Republicans managed to block one of President Obama's key "middle class economics" policies in Congress. Let's dial the clock back to December 2013. At that point, 1.3 million faced an end to the federal unemployment benefits that Congress had extended repeatedly in the wake of the recession. Obama predicted doom if this were to happen: "Economists have said failing to extend unemployment benefits is going to have a drag on economic growth for next year." Unemployment insurance, he said, is "one...
  • Blocking Obama's Agenda Created 1.8 Million Jobs in 2014

    01/26/2015 8:13:37 PM PST · by SeekAndFind · 6 replies
    IBD ^ | 01/26/2015
    A new study finds that 60% of the jobs gained last year were due to the fact that Republicans managed to block one of President Obama's key "middle class economics" policies in Congress. Let's dial the clock back to December 2013. At that point, 1.3 million faced an end to the federal unemployment benefits that Congress had extended repeatedly in the wake of the recession. Obama predicted doom if this were to happen: "Economists have said failing to extend unemployment benefits is going to have a drag on economic growth for next year." Unemployment insurance, he said, is "one of...
  • George Will: The harm incurred by a mushrooming welfare state

    01/22/2015 1:22:47 PM PST · by Brad from Tennessee · 55 replies
    Washington Post ^ | January 21, 2015 | By George Will
    America’s national character will have to be changed if progressives are going to implement their agenda. So, changing social norms is the progressive agenda. To understand how far this has advanced, and how difficult it will be to reverse the inculcation of dependency, consider the data Nicholas Eberstadt deploys in National Affairs quarterly: America’s welfare state transfers more than 14 percent of gross domestic product to recipients, with more than a third of Americans taking “need-based” payments. In our wealthy society, the government officially treats an unprecedented portion of the population as “needy.” Transfers of benefits to individuals through social...
  • Drug manufacturer Hospira closing Clayton plant, cutting 250 jobs (North Carolina)

    01/20/2015 1:00:36 PM PST · by 2ndDivisionVet · 5 replies
    WRAL-TV TechWire ^ | January 14, 2015
    Clayton, N.C. — Hospira, a manufacturer of injectable and other drug products as well as medical devices, is closing its plant in Clayton which employs some 250 people. Hospira says the facility will close in the second half of this year. “After a thorough evaluation of the site and the various products produced at this facility, we had to make this difficult decision,” said Matt Stober, senior vice president for operations, in a statement. The firm operates a major plant in Rocky Mount as well. In 2012, it decided to add 200 works at that operation. Hospira (NYSE: HSP) disclosed...
  • Why Wages Lag Employment Recovery

    01/19/2015 6:20:13 AM PST · by SeekAndFind · 34 replies
    RCM ^ | 01/19/2015 | Robert Samuelson
    The great wage mystery deepens. In economic recoveries, there usually comes a time when strong job gains lead to strong wage gains. Businesses must pay more to recruit and retain the workers they need. Not this time - or at least not yet. The unemployment rate has dropped from a peak of 10 percent in October 2009 to 5.6 percent at the end of 2014. But hourly wage gains haven't accelerated. They've plodded along at about a 2 percent annual rate, roughly matching inflation. Economists are baffled. "This labor market recovery looks different from anything since World War II," says University...
  • Majority of U.S. Public school students are in poverty

    01/18/2015 9:40:01 AM PST · by wtd · 46 replies
    Washington Post ^ | 1/18/2015 | Lindsay Layton
    For the first time in at least 50 years, a majority of U.S. public school students come from low-income families, according to a new analysis of 2013 federal data, a statistic that has profound implications for the nation. The Southern Education Foundation reports that 51 percent of students in pre-kindergarten through 12th grade in the 2012-2013 school year were eligible for the federal program that provides free and reduced-price lunches. The lunch program is a rough proxy for poverty, but the explosion in the number of needy children in the nation’s public classrooms is a recent phenomenon that has been...
  • Jobless Claims in U.S. Unexpectedly Climb to Four-Month High

    01/15/2015 8:38:55 AM PST · by PROCON · 18 replies
    bloomberg | Jan. 15, 2015 | Shobhana Chandra
    Linky only. http://www.bloomberg.com/news/2015-01-15/jobless-claims-in-u-s-unexpectedly-climb-to-four-month-high.html
  • Deb Shops closing all stores in Michigan, nationwide

    01/15/2015 2:20:25 AM PST · by 2ndDivisionVet · 11 replies
    The Ann Arbor News ^ | January 12, 2015 | Heather Jordan
    Women's fashion discount retailer Deb Shops is closing all of its stores in Michigan and nationwide. After more than 80 years in business, the Philadelphia-based retailer, which specializes in junior- and plus-size apparel, filed for Chapter 11 protection on Dec. 4, according to a news release. On Jan. 7, the bankruptcy court awarded Gordon Brothers Group and Hilco Merchant Resources the store closing process for all locations. Officials with Gordon Brothers Group and Hilco Merchant Resources began going-out-of-business sales at approximately 287 Deb Shops retail locations Friday, Jan. 9, the release states. The company's website gob.debshops.com now is simply an...
  • The only state where less than half its citizens work

    01/13/2015 7:58:38 AM PST · by illiac · 19 replies
    MarketWatch ^ | 1/13/15 | Steve Goldstein
    WASHINGTON (MarketWatch) — West Virginia quietly passed the ignominious milestone of having less than half of its adult, civilian population in the workforce in November. State data compiled by the Labor Department shows that West Virginia’s civilian labor participation rate has fallen to 49.8%, from 50% in October. The national rate in December was 62.7%. The Mountain State is the only state in the history of the series, which goes back to 1976, to have fallen below 50%, though Mississippi at 50.8% isn’t far behind. The troubles that have befallen West Virginia have been well publicized, notably the diminished demand...
  • Dallas-Fort Worth and three other Texas metro areas showed best job growth in November

    01/12/2015 12:42:00 AM PST · by 2ndDivisionVet · 3 replies
    The Dallas Morning News BizBeat ^ | December 30, 2014 | Sheryl Jean
    Dallas-Fort Worth and three other Texas metro areas continued to outperform the nation in job growth in November. The Dallas-Fort Worth and Houston areas continued to see the nation’s fastest growing employment among metropolitan areas for the 12 months through November, according to data released today by the U.S. Bureau of Labor Statistics. The Houston area added 125,300 jobs in that time frame, followed by Dallas-Fort Worth (111,500 jobs) and the New York area (107,900 jobs). Midland (6.2 percent) and Odessa (+4.7 percent) saw the largest year-over-year percentage gains in employment in November. Overall, November employment increased in the last...
  • Americans don't want a revolution despite Elizabeth Warren's sounds of alarm for the middle class

    01/11/2015 4:42:11 PM PST · by 2ndDivisionVet · 51 replies
    The London Telegraph ^ | January 11, 2015 | Peter Foster in Washington
    Ideological splits among Republicans have been part of the fun of the American political fair for more than 50 years now, but what of potential divisions on the Left? When Barack Obama departs the White House in 2016, the question already being asked is whether Democrats will now suffer the same kind of upheaval that the Tea Party inflicted on Republicans after George W. Bush left office in 2008. Last week in Washington DC it was possible to hear the opening shots of what some left-wing Democrats hope will become a similarly fierce fight for the ideological soul of their...
  • Unemployment rate drops to 5.6% as economy creates 252,000 jobs

    01/09/2015 6:01:54 AM PST · by God luvs America · 80 replies
    The U.S. economy added 252,000 jobs in December, sending the unemployment rate down to 5.6%. The latest jobs numbers continue a streak of strong economic growth, which has seen the unemployment rate drop 0.2 points in the last two months alone.