Keyword: unemployment

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  • Media says we´re in a jobs boom -- we´re not

    12/08/2016 7:03:48 PM PST · by 198ml · 45 replies
    IBD ^ | 12/8/16 | Staff
    We keep reading in the media that the job market is on fire, that we´re near full employment. But it´s a sad truth that the monthly jobs report doesn´t really reflect what´s going on in our hobbled economy. As everyone knows by now, the jobs data for November show a decline from 4.9% to a 4.6% unemployment rate, as businesses created 178,000 new payroll jobs. What could be better? While we applaud these improvements, they mask deeper problems with the U.S. job market.
  • Reality Check: Job Market Rolling Over -- Rate Of Hiring Declines At Fastest Pace Since 2013

    12/07/2016 9:04:05 AM PST · by SeekAndFind · 11 replies
    Zero Hedge ^ | 12/07/2016
    On Wednesday the BLS reported Janet Yellen's favorite labor market indicator, the JOLTS survey, which as expected (since it tracked the modestly weaker October payrolls) showed that in October, the number of job opening dropped from the upward revised September print 5.631 million to 5.534 million, down some 97,000, if modestly better than the 5.5 million expected.  The number of job openings declined to a series low in July 2009, one month after the official end of the most recent recession. Employment continued to decline after the end of the recession, reaching a low point in February 2010.The October...
  • BLS Data: This Tells The REAL Story On Unemployment

    12/05/2016 8:12:32 PM PST · by eastexsteve · 14 replies
    Forget all the claims of "low" unemployment rate. This is the actual workforce participation rate from the last two Bush years on thru the Obama years from the BLS. It isn't pretty.
  • Record 95,055,000 Americans Out Of The Labor Force

    12/02/2016 8:50:35 AM PST · by Cheerio · 27 replies
    The Daily Caller ^ | 12/02/2016 | Caroline May
    While the unemployment rate dropped and the economy added another 178,000 jobs, the number of Americans out of the labor force hit a record high last month. According to the Labor Department, 95,055,000 Americans were out of workforce in November, meaning they were neither employed nor had made an effort to find work over the previous month. The level of Americans outside of the workforce last month — due to retirement, education, discouragement, or otherwise — represented a substantial 446,000 increase over the month of October.
  • Unemployment rate tumbles to 4.6%, lowest since August 2007 [#fakenews]

    12/02/2016 7:26:58 AM PST · by Olog-hai · 33 replies
    Yahoo Finance ^ | 12/02/2016 | Sam Ro
    In a stunning development, the Bureau of Labor Statistics just revealed that the US unemployment rate unexpectedly dropped to 4.6% in November. This is the lowest level since August 2007. Economists were expecting the rate to be unchanged from October’s 4.9%. “The trend in employment growth remains more than strong enough to keep the unemployment rate trending down,” Jim O’Sullivan, of High Frequency Economics, said. Some of this decline was due to the 446,000 Americans that dropped out of the labor force, which brought the labor force participation rate down to 62.7% during the month from 62.8% a month ago....
  • U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent

    12/02/2016 6:50:15 AM PST · by SeekAndFind · 50 replies
    Washington Post ^ | 12/02/2016 | Ana Swanson
    The U.S. economy added 178,000 jobs in November, and the unemployment rate fell to 4.6 percent from 4.9 percent the previous month, according to new government data released Friday morning. The first employment report after a contentious presidential election in which the candidates expressed diverging views of the health and direction of the economy showed a job market that is continuing to steadily strengthen from the recession. “Overall, it’s a labor market that is continuing to improve, that has a decent momentum,” said Josh Feinman, chief global economist at Deutsche Asset Management. “So that’s certainly encouraging.” Economists surveyed by Bloomberg...
  • Five Myths About Landing a Good Job Later in Life; Conventional Wisdom is wrong

    11/29/2016 8:01:44 AM PST · by SeekAndFind · 52 replies
    Wall Street Journal ^ | 11/29/2016 | By ANNE TERGESEN
    There’s a stereotypical view of job opportunities for older workers, and it’s not pretty. It goes something like this. If you’re past 50 and thinking of a career switch, forget it. The opportunities for older workers in the new economy are pretty much nonexistent. And you’re in even worse shape if you’re in your 50s or 60s and retired but want to get back into the workforce in a job that is both challenging and financially rewarding. The only spots available are low-skilled and low-paying—whether that’s burger flipper, Wal-Mart greeter or Uber driver. Boy, have a lot of people have...
  • British jobless rate hits 11-year low, but warning signs appear

    11/16/2016 7:54:10 PM PST · by Olog-hai · 5 replies
    Reuters ^ | Wed Nov 16, 2016 | 6:06pm GMT | William Schomberg and David Milliken
    Britain’s unemployment rate unexpectedly fell to its lowest level in 11 years in the first three months after the Brexit vote, official data showed on Wednesday, but there were signs that a slowdown in the labor market could be coming. The jobless rate edged down to 4.8 percent in the July-September period, compared with a median forecast of 4.9 percent in a Reuters poll of economists. But the increase of 49,000 in the number of people in work was the slowest since the three months to March, and the number of people claiming unemployment benefits gathered speed in October, the...
  • This Is How Steve Bannon Sees The Entire World

    11/16/2016 3:39:47 AM PST · by CapitalistCrusader · 23 replies
    BuzzFeed ^ | 11/15/2013 | J. Lester Feder
    The soon-to-be White House chief strategist laid out a global vision in a rare 2014 talk, one where he said racism in the far right gets “washed out” and called Vladimir Putin a kleptocrat. BuzzFeed News publishes the complete transcript for the first time.
  • This little-known jobs number shows how far we still have to go

    11/04/2016 9:16:28 AM PDT · by rktman · 14 replies
    marketwatch.com ^ | 11/4/2016 | Rex Nutting
    Everyone knows the economy isn’t as strong as it was 10 years ago or 20 years ago, but the data released about the labor market every month have indicated slow but steady progress in putting every American who wants a job back to work.
  • Animated Map of Unemployment in America From 1990 - 2016

    10/22/2016 9:21:13 AM PDT · by rickmichaels · 13 replies
    An interesting look at the cycle of recession and job growth within the United States. (It's scary when 2008 hits.) Animated Map of Unemployment in America From 1990 - 2016
  • The 'Quiet Catastrophe' Of Men Choosing To Not Seek Work

    10/06/2016 4:00:53 AM PDT · by expat_panama · 294 replies
    Investors Business Daily ^ | 10/06/2016 | GEORGE F. WILL
    The "quiet catastrophe" is particularly dismaying because it is so quiet, without social turmoil or even debate. It is this: After 88 consecutive months of the economic expansion that began in June 2009, a smaller percentage of American males in the prime working years (ages 25 to 54) are working than were working near the end of the Great Depression in 1940, when the unemployment rate was above 14%. If the labor force participation rate were as high today as it was as recently as 2000, nearly 10 million more Americans would have jobs. The work rate for adult men...
  • Applications for US unemployment aid tick higher to 254,000

    09/29/2016 6:41:49 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Sep 29, 2016 8:47 AM EDT | Christopher S. Rugaber
    More Americans sought unemployment benefits last week but the number of applications remained low, the latest sign that layoffs are scarce. […] The Labor Department said Thursday that weekly applications for jobless aid rose 3,000 to a seasonally adjusted 254,000. The four-week average, a less volatile measure, ticked down to 256,000, matching a 43-year low first reached in April. […] The economy is expanding, though at a sluggish pace, growing just 1.4 percent in the April-June quarter, according to a separate government report Thursday. …
  • Rhode Island escapee's abusive communist family and shrink respond

    09/28/2016 9:55:37 AM PDT · by mainestategop · 7 replies
    Mainestategop ^ | multiple authors
    About 2 months ago, we presented the story of Roger Bauer, a victim of communism in the state of Rhode Island. The Democrats who control that state and support communism along with his liberal family abused him, denigrated him and forcibly held him captive in Rhode Island. He was unable to find work, be independent or take care of himself because of the bad treatment he received. Roger was accused of having Asperger's syndrome, a very terrible disease of the brain that is believed to exist by liberals and those sympathetic to them and to government. Also they say those...
  • Trump’s plan for inner cities could decide election

    09/20/2016 9:40:58 PM PDT · by 2ndDivisionVet · 14 replies
    The Detroit News | September 20, 2016 | Justin Haskins
    Link only due to copyright issues: http://www.detroitnews.com/story/opinion/2016/09/20/trump-plan-inner-cities/90768524/
  • Merkel Demands German Firms Hire Immigrants [semi-satire]

    09/19/2016 10:41:34 AM PDT · by John Semmens · 4 replies
    Semi-News/Semi-Satire ^ | 18 Sep 2016 | John Semmens
    Impatient at the slow progress toward integrating Middle Eastern immigrants into the German economy, Chancellor Angela Merkel demanded that businesses "step up the pace of hiring. It's a disgrace that only 100 of the million refugees that have entered the country this year have jobs. The refusal of the private sector to offer enough jobs forces the government to bear the burdens of meeting the need to house and feed these people." Hans Volle, Director of Human Resources for Deutsche Tech, complained that "Chancellor Merkel's aspirations are unreasonable. Hardly any of these refugees understand our language, a majority of them...
  • America's Rust Belt key to White House race

    09/14/2016 7:34:04 PM PDT · by 2ndDivisionVet · 3 replies
    The Sun Daily ^ | September 14, 2016 | Agence France-Presse
    The White House race could be decided in the Rust Belt – a vast, decaying former industrial powerhouse in the US Midwest and Northeast where Hillary Clinton and Donald Trump are battling for the support of working class white voters. The region, also typified by a declining population and urban decay, forms an arc around the Great Lakes, running mainly through Pennsylvania and Ohio. If those two states – each won twice by Democrat Barack Obama – swing to Trump in November, the Republican stands a good chance of becoming president. Major cities such as Philadelphia, Pittsburgh and Cleveland are...
  • Tent Cities Full Of Homeless People Are Booming In Cities All Over America As Poverty Spikes

    09/12/2016 11:05:04 AM PDT · by aMorePerfectUnion · 56 replies
    Just like during the last economic crisis, homeless encampments are popping up all over the nation as poverty grows at a very alarming rate. According to the Department of Housing and Urban Development, more than half a million people are homeless in America right now, but that figure is increasing by the day. And it isn’t just adults that we are talking about. It has been reported that that the number of homeless children in this country has risen by 60 percent since the last recession, and Poverty USA says that a total of 1.6 million children slept either in...
  • The poverty-stricken US community where most people hate Hillary Clinton

    09/09/2016 7:25:53 AM PDT · by PROCON · 19 replies
    itv.com ^ | Sep. 8, 2016 | Jamie Roberton
    It is difficult to imagine such levels of poverty existing in the most powerful nation on earth - but it does in McDowell County, West Virginia. Abandoned shops, closed schools and neglected homes are visible on almost every corner in every distressed community. Whole families are plagued by the consequences of unemployment and widespread drug abuse. The average life expectancy for men is 64 - the same as Namibia.But it was not always like this. McDowell was once a hustling and bustling town, thriving off the riches of the coal industry. The reliance on one industry proved fatal and...
  • Worse Than the Depression: 1 in 6 Working Age Males Has No Job Under Obama

    09/07/2016 11:51:09 AM PDT · by detective · 32 replies
    The numbers are in and after seven years of Obamanomics the economic climate in America is “worse than the depression.”
  • The Idle Army: America’s Unworking Men

    09/02/2016 9:47:52 AM PDT · by CDB · 10 replies
    The Wall Street Journal ^ | September 2, 2016 | Nicholas Eberstadt
    This is arguably a crisis, but it is hardly ever discussed in the public square. Received wisdom holds that the U.S. is at or near “full employment.” Most readers have probably heard this, perhaps from the vice chairman of the Federal Reserve, who said in a speech last week that “it is a remarkable, and perhaps underappreciated, achievement that the economy has returned to near-full employment in a relatively short time after the Great Recession.” Near-full employment? In 2015 the work rate (the ratio of employment to population) for American males age 25 to 54 was 84.4%. That’s slightly lower...
  • US jobs craeted fall to 151,000, Unemployment at 4.9% (Obama), 9.7% (Real)

    09/02/2016 5:40:37 AM PDT · by JLAGRAYFOX · 20 replies
    Market Watch | 09/02/2016 | Jeffry Battash
    Job created in August droped to 151,000, with unemployment (Obama's) at 4.9%. Real unemployment is 9.7%
  • VIDEO – Bill Clinton: Rebuild Detroit with Syrian Refugees

    08/29/2016 5:20:59 PM PDT · by KeyLargo · 89 replies
    Breitbart ^ | 29 Aug 2016 | Julia Hahn
    VIDEO – Bill Clinton: Rebuild Detroit with Syrian Refugees Julia Hahn 29 Aug 2016 Washington D.C.340 In a previously little-noticed video from February at the Clinton Global Initiative, former President Bill Clinton suggested that the U.S. use Syrian refugees to rebuild Detroit. “The truth is that the big loser in this over the long run is going to be Syria. This is an enormous opportunity for Americans,” Bill Clinton said about the Syrian migrant crisis. Detroit has 10,000 empty, structurally sound houses—10,000. And lot of jobs to be had repairing those houses. Detroit just came out of bankruptcy and the...
  • Anheuser-Busch Expects Major Layoffs After It Buys SABMiller (5,500 jobs)

    08/28/2016 8:45:48 PM PDT · by 2ndDivisionVet · 40 replies
    Fortune ^ | August 26, 2016
    Anheuser-Busch expects to cut some 3% of its combined workforce after it has acquired rival SABMiller, according to takeover documents published on Friday. That would be some 5,500 jobs, according to a source with information on the offer. AB is aiming to achieve pre-tax savings of at least $1.4 billion per year within the four years after completion of the takeover through increased efficiency, sharing best practices and the removal of overlaps in corporate and regional headquarters....
  • Gov. Brown: ‘Is Very Dubious’ that Global Warming Legislation Causes Job Loss

    08/27/2016 7:41:45 PM PDT · by Olog-hai · 37 replies
    Cybercast News Service ^ | August 25, 2016 | 2:01 PM EDT | Eric Scheiner
    California Governor Jerry Brown (D) says that evidence that global warming solution legislation hurts jobs “is very dubious, if it exists at all.” While speaking at a press conference Wednesday night Brown praised the passage of SB32 in the California Senate, which sets a target of cutting the state’s output of heat-trapping emissions 40 percent below 1990 levels by 2030. […] “The economy is an impersonal mechanism of profit-seeking enterprises who will take the world as they find it. Whether it’s a mountain or a river or a regulation or a need for bright people. People who want to invest...
  • California’s Jobless Rate Increases As More Enter Workforce

    08/24/2016 12:10:09 PM PDT · by BenLurkin · 11 replies
    cbsla ^ | 08/19/2016
    California’s unemployment rate still lags the national unemployment rate of 4.9 percent. More than 1 million people remained unemployed. California has gained 2.3 million jobs since the economic recovery began in 2010. The unemployment rate was 6.1 percent last July. Closer to home, numbers were better in Los Angeles County, where the seasonally adjusted unemployment rate was 4.8 percent in July, down from a revised 4.9 percent in June. In Orange County, the unemployment rate was up slightly at 4.6 percent from 4.4 percent in June.
  • What college seniors should know about Jobs

    08/17/2016 8:51:17 AM PDT · by Academiadotorg · 17 replies
    Accuracy in Academia ^ | August 17, 2016 | Malcolm A. Kline
    They are unlikely to find one. "Wise men" will tell them this is a "weak recovery" and "the financial crisis ended years ago. During the 1930s, as many as 15 million were out of work, according to the Obama Administration’s Bureau of Labor Statistics (BLS). Currently, "Combining those not in the labor force who are of working age and all those unemployed shows 55.4 million working-age, native-born Americans without jobs in the first quarter of 2016, compared to 41.1 million in the same quarter of 2000," according to Dr. Steven Camorata of the Center for Immigration Studies (CIS). If the...
  • It's Time To Dump The Unemployment Rate

    08/07/2016 7:08:05 AM PDT · by expat_panama · 29 replies
    Investors Business Daily ^ | August 05, 2016 | Editorial
    Economy: The July jobs report was a good one, and the unemployment rate held steady at 4.9%, which in the past would have been sure signs of a robust economy. So why is the country in such a bad mood? An unemployment rate below 5% is a relatively rare thing. Only twice before in the past 40 years has it dropped that low -- once in the late 1990s during that economic boom, and again briefly in 2006-2007. Yet unlike before, there is little joy in Mudville today. Instead of confidence and optimism, there is only malaise. Back in 1997,...
  • Hillary Clinton's plan to tax and wipe out the middle-class

    08/06/2016 10:52:15 AM PDT · by mainestategop · 20 replies
    https://www.youtube.com/watch?v=qU__9f0kEb0&feature=gp-n-y&google_comment_id=z13ltx55tpb0jd4s322jgxtrzletuvjlg Hillary Clinton plans to raise taxes for the workers the affluent and middle class. Pay roll taxes and national sales taxes for workers, Higher income taxes for the rest with the middle class bearing the brunt of these taxes. With commentary by Mike Savage Also get a load of some of the people who are gonna benefit the most from these new taxes, yokels, alcoholics, potheads, anarchists, thugs and crazies!
  • Here's what the real unemployment rate looks like

    08/05/2016 11:44:06 AM PDT · by BenLurkin · 12 replies
    cnbc ^ | 08/05/2016
    The U.S. unemployment rate remained at 4.9 percent in July, the Labor Department said Friday. But relying on that one number as an indicator of the job market is an oversimplification of the complicated world of employment. Each month on jobs Friday, the Labor Department's Bureau of Labor Statistics puts out a slew of employment-related data, each of which tells its own story about the jobs situation. Most economists look past the official unemployment rate — also known as the "U-3" number — to other metrics that provide other views of the state of jobs. One of those figures is...
  • We're No. 1: Unemployment in Michigan Fell Faster Than Anywhere Else

    08/02/2016 5:57:05 AM PDT · by MichCapCon · 14 replies
    Michigan Capitol Confidential ^ | 7/29/2016 | Tom Gantert
    Michigan’s unemployment rate has been heading in the right direction – down – faster than any other state's rate since the official end of the Great Recession in June 2009. Unemployment in the state peaked at 14.9 percent in June of 2009. But as of last month, the Michigan jobless rate was at 4.6 percent by the National Bureau of Economic Research, a decline of more than 10 percentage points. From April 2006 through May 2010, or 49 months in a row, Michigan had the nation’s highest unemployment. The state is now ranked 24th instead of first for the percentage...
  • Who's on first?

    07/27/2016 3:36:02 PM PDT · by Osage Orange · 17 replies
    me ^ | unknown | unknown
    Absolutely Brilliant ! ! ! COSTELLO: I want to talk about the unemployment in America. ABBOTT: Good Subject. Terrible Times. It's 5.6%. COSTELLO: That many people are out of work? ABBOTT: No, that's 23%. COSTELLO: You just said 5.6%. ABBOTT: 5.6% Unemployed. COSTELLO: Right 5.6% out of work. ABBOTT: No, that's 23%. COSTELLO: Okay, so it's 23% unemployed. ABBOTT: No, that's 5.6%. COSTELLO: WAIT A MINUTE. Is it 5.6% or 23%? ABBOTT: 5.6% are unemployed. 23% are out of work. COSTELLO: If you are out of work you are unemployed. ABBOTT: No, Obama said you can't count the "Out of...
  • Democrats Need to Stop Insisting That Everything Is Going Well

    07/24/2016 2:03:24 AM PDT · by 2ndDivisionVet · 54 replies
    Current Affairs ^ | July 23, 2016 | Nathan J. Robinson, editor
    Trivializing people’s problems and fears is not a good way to win support. Among members of the liberal press, the reaction to Donald Trump’s RNC acceptance speech has been almost unanimous. It was, they say, “grim,” “angry,” and “dark.” Trump painted a “Mad Max” picture of the United States, as a nation is crisis, beset by crime, terrorism, unemployment, and despair. This picture, say the commentators, is false. Trump exaggerated crime rates, which are actually going down rather than up. He scare-mongered about immigrants and terrorism, creating threats where there are none. And he suggested that the world is going...
  • 18 states see significant job gains, but unemployment rises

    07/22/2016 8:13:15 AM PDT · by BenLurkin · 5 replies
    WaPo ^ | 07/22/2016
    n Colorado, the rate jumped 0.4 point from May to a still-low 3.7 percent as more of its population began looking for work without being hired, a positive for the economy as it suggests greater optimism that these people will find jobs. A similar trend played out in five other states: Nevada and Oregon each saw a 0.3 percent increase, while rates went up 0.2 points in California, Maine and South Dakota. Those trends correspond with the national report that saw the unemployment rate rise from 4.7 percent in May to 4.9 percent as more workers started searching for jobs.
  • How socialist governments deal with unemployment: GENOCIDE

    07/12/2016 6:59:51 AM PDT · by mainestategop · 17 replies
    mainestategop ^ | Brian Ball and Reuban Ben Abraham
    One of the biggest arguments made by liberals in favor of socialist government is the lack of unemployment. Unemployment levels according to liberals was zero in the USSR under Stalin and in Germany under Hitler. You would think, "Gosh! All I have to do is give up my constitutional liberties and let the state take care of me and my problems are over!" But not so fast! It never occurred to supporters of socialism just how they were able to do it! They didn't do it by giving everyone a job that paid. They did it through the enslavement and/or...
  • The Truth: Obama’s Net Gain in Jobs Is a Negative 14 Million

    07/06/2016 7:40:44 AM PDT · by blueyon · 6 replies
    the gateway pundt ^ | 7/06/16 | Jim Hoft
    President Obama claimed on Tuesday during his campaign rally with Hillary Clinton that the US economy is in great shape and that he created 14 million jobs. As usual, with Obama, know that the opposite is probably closer to the truth. First of all, the US economy is not in great shape. If it was the Fed would be raising interest rates. Because the economy is not in great shape the Fed has again decided to delay raising rates. Obama will probably not raise interest rates through the end of his term with some estimates that the US will be...
  • Nearly half of U.S. workers consider themselves underemployed, report says

    06/29/2016 3:44:14 AM PDT · by george76 · 16 replies
    Chicago Tribune ^ | June 28, 2016 | Alexia Elejalde-Ruiz
    <p>Nearly half of U.S. workers consider themselves underemployed, according to a survey of more than 960,000 people by PayScale, an online provider of salary information.</p> <p>Three-quarters of those who label themselves as such say they're not working in a job that uses their education and training. One quarter say they are working part time but want full-time work.</p>
  • The Missing Men

    06/27/2016 7:03:21 PM PDT · by 2ndDivisionVet · 23 replies
    The Atlantic ^ | June 27, 2016 | Derek Thompson
    Millions of men in the prime of their lives are missing from the labor force. Could a big U.S. housing construction project bring them back? Something is rotten in the U.S. economy. Poor men without a college degree are disappearing from the labor force. The share of prime-age men (ages 25-54) who are neither working nor looking for work has doubled since the 1970s. The U.S.’s labor participation rate for this group of men is lower than every country in the OECD except for Israel (an outlier, because of the high number of non-working Orthodox Jewish men) and Italy (an...
  • Fewer low-income men are working

    06/19/2016 5:46:40 PM PDT · by 2ndDivisionVet · 46 replies
    CNN Money ^ | June 15, 2016 | Tami Luhby
    Men have been disappearing from the workforce for decades. But a closer look at the data reveals that lower-income men account for much of the change -- and that reflects a big problem with the economy. Only 69% of these men, ages 25 to 54, are employed, according to new research from the Brookings Institution. That figure was 80% in 1980. Among middle class and upper-income men, 92% are working, down only slightly from 94% in 1980....
  • Agency Directed by Obama to Perform Muslim Outreach Commissions Jobs Propaganda Posters for Mars

    06/19/2016 4:05:08 PM PDT · by DogByte6RER · 6 replies
    Mars.NASA.gov ^ | Mars.NASA.gov
    BE A MARTIAN! Mars needs YOU! In the future, Mars will need all kinds of explorers, farmers, surveyors, teachers . . . but most of all YOU! Join us on the Journey to Mars as we explore with robots and send humans there one day.
  • How Obama Has Made It Harder for Companies to Hire

    06/13/2016 4:38:51 AM PDT · by milton23 · 15 replies
    The Daily Signal ^ | 6/10/2016 | Patrick Tyrrell
    Government data released on Wednesday shows the number of private-sector job openings was at an all-time high in April. Companies, however, hired the fewest number of people on a seasonally adjusted basis in nine months. Why the disparity? The JOLTS (Job Openings and Labor Turnover Survey) data the government released show there were 5,289,000 private-sector job openings in April—114,000 more than in March. The government report also shows that private-sector hires declined by 169,000 compared to March. With private companies advertising so many job openings, why are they not filling them?
  • US unemployed have quit looking for jobs at a 'frightening' level: Survey

    06/08/2016 1:11:17 PM PDT · by 2ndDivisionVet · 24 replies
    CNBC ^ | June 8, 2016 | Jeff Cox
    Nearly half of unemployed Americans have quit looking for work, and the numbers are even worse for the long-term jobless, according to a poll released Wednesday that paints a grim picture of the labor market. Some 59 percent of those who have been out of work for two years or more say they have stopped looking, the Harris Poll of unemployed Americans showed. Overall, 43 percent of the jobless said they have given up, according to the poll released in conjunction with Express Employment Professionals, a job placement service. "This is a tale of two economies," Express CEO Bob Funk...
  • The lousy Obama economy is killing Hillary Clinton's hopes

    06/07/2016 6:54:33 AM PDT · by 2ndDivisionVet · 18 replies
    The New York Post ^ | June 5, 2016 | Charles Gasparino
    The case for an Obama third term, a.k.a. a Hillary Clinton presidency, just suffered a major blow. Indeed, Friday’s jobs report (or lack-of-jobs report) is just the thing Clinton feared most when she launched her presidential bid: namely, that Obamanomics, which boils down to the bizarre notion that higher taxes, more regulation and class warfare actually work, would begin to fully implode while she was forced into defending it on the campaign trail — or risk losing the president’s endorsement. The sickeningly weak job creation during the month of May (just 38,000 jobs when economists expected closer to 150,000) doesn’t...
  • Administration "Not Disappointed" with Job Numbers [semi-satire]

    06/06/2016 10:47:10 AM PDT · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 5 June 2016 | John Semmens
    Though the Bureau of Labor Statistics report for May showed an anemic 38,000 new jobs were created during the month and a record 94,708,000 Americans were not in the labor force, Obama Administration Press Secretary Josh Earnest insisted that "we are not disappointed with these numbers." "Those who can't grasp the President's goals for the transformation of this country harp on the point that 38,000 new jobs are far too few to accommodate this country's monthly 200,000 population increase," Earnest complained. "Likewise, they see the expansion of the contingent not in the workforce as a negative. They've got it exactly...
  • White people now finally excluded from the South African job market.

    06/06/2016 4:17:01 AM PDT · by SAT2014 · 58 replies
    South Africa Today ^ | South Africa Today
    The Broad-based Black Economic Empowerment (B-BBEE) Amendment Bill eliminates all white people including the disabled. “The definition of black people is now clear and aligned with the Constitution,” Tlhoaele said.... Read more on South Africa Today
  • Obama: Manufacturing Jobs Outsourced To Mexico Aren’t Coming Back

    06/05/2016 2:34:44 PM PDT · by 2ndDivisionVet · 49 replies
    Breitbart ^ | June 2, 2016 | Charlie Spiering
    President Barack Obama is giving up on some of the American manufacturing jobs that went to Mexico, telling an Indiana resident that many of those jobs are not coming back. During a town hall in Elkhart, Indiana, Obama was asked a question about manufacturing by a man who was once employed by Carrier Corporation in Indiana before the plant announced plans to move to Mexico. “What we have to do is to make sure that folks are trained for the jobs that are coming in now because some of those jobs of the past are just not going to come...
  • Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May

    06/03/2016 6:44:58 AM PDT · by xzins · 28 replies
    CNS ^ | June 3, 2016 | Susan Jones
    A record 94,708,000 Americans were not in the labor force in May -- 664,000 more than in April -- and the labor force participation rate dropped two-tenths of a point to 62.6 percent, near its 38-year low, the Labor Department's Bureau of Labor Statistics reported on Friday. When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce -- some of them retiring and some just quitting because they can't find work. "By almost every economic measure, America is better off than when I came here...
  • Payrolls Huge Miss: Only 38,000 Jobs Added In May; Worst Since September 2010 (gold price soaring)

    06/03/2016 5:43:42 AM PDT · by Zakeet · 86 replies
    Zero Hedge ^ | June 3, 2016
    If anyone was "worried" about the Verizon strike taking away 35,000 jobs from the pro forma whisper number of 200,000 with consensus expecting 160,000 jobs, or worried about a rate hike by the Fed any time soon, you can sweep all worries away: moments ago the BLS reported that in May a paltry 38,000 jobs were added, a plunge from last month's downward revised 123K (was 160K). The number was the lowest since September 2010! There is no way to spin this number as anything but atrocious.
  • 20.1%: Calif. Metro Area Has Nation's Highest Unemployment Rate (El Centro)

    06/02/2016 8:31:16 PM PDT · by Olog-hai · 10 replies
    Cybercast News Service ^ | June 2, 2016 | 6:04 AM EDT | Susan Jones
    El Centro, California bills itself as one of Southern California’s “most promising new commercial and industrial regions.” But it had a 20.1 percent unemployment rate in April, by far the highest of the 387 U.S. metropolitan areas surveyed by the Labor Department’s Bureau of Labor Statistics. That 20.1 percent unemployment rate is more than four times the national unemployment rate of 5.0 percent (seasonally adjusted). The only other metropolitan area to come close to El Centro’s jobless rate was Yuma, Arizona, where the unemployment rate was 18.7 in April. El Centro and Yuma, both near the Mexican border, are located...
  • Claims for jobless aid reach highest level since early 2015

    05/12/2016 6:34:19 AM PDT · by Olog-hai · 12 replies
    Associated Press ^ | May 12, 2016 9:26 AM EDT | Paul Wiseman
    The number of Americans applying for unemployment benefits rose last week to the highest level since February 2015, more sobering news for the labor market after a disappointing April jobs report. The Labor Department reported Thursday that applications for jobless aid rose by 20,000 to a seasonally adjusted 294,000. The four-week average, a less volatile measure, rose by 10,250 to 268,250, highest in nearly three months. […] “Today’s jobless claims report was a surprise, and not a positive one,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. “Jobless claims have moved sharply higher in recent weeks, reinforcing...