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Keyword: unemployment

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  • Federal Reserve Vice Chairman Says Economy Is Nearing “Full Unemployment” …

    07/01/2015 7:05:30 AM PDT · by Enlightened1 · 34 replies
    Gateway Pundit ^ | 06/30/15 | Jim Hoft
    Federal Reserve Vice Chairman Says Economy Is Nearing “Full Unemployment” …Real Unemployment Closer to 42.9% Jim Hoft Jun 30th, 2015 5:42 pm 19 Comments According to the Federal Reserve Bank in St. Louis the labor participation rate is at its lowest point since the Carter years. fred labor part rate Federal Reserve Vice Chairman Stanley Fischer told a an audience at England’s Oxford University this week that the US economy is nearing “full unemployment.” Reuters reported: The U.S. economy probably bounced back to an annual growth rate of around 2.5 percent in the second quarter, and the labor market is...
  • When school's out, millions of kids go hungry

    06/22/2015 3:25:45 PM PDT · by Kid Shelleen · 89 replies
    CNN ^ | 06/22/2015 | staff
    A record 21.7 million American kids get free or reduced-price lunch during at school. But when summer vacation starts, the vast majority of them go without this essential, federally funded benefit. Fewer than 4 million kids -- or just 18% of those in the school lunch program -- are fed through the U.S. Department of Agriculture's summer food program. While that's a record number for the 40-year-old initiative, many advocates and government officials say more needs to be done. "In the summer, when those school meals disappear, children find themselves hungry and with few options," said Duke Storen, a senior...
  • California’s Increasing Job-Stifling Laws

    06/21/2015 12:07:25 PM PDT · by Kaslin · 16 replies
    Townhall.com ^ | June 21, 2015 | Bruce Bialosky
    The other forty-nine states do not fully comprehend how the Golden State has engineered the demolition of a positive job environment. The only thing most hear about today is the drought and our government-enhanced water shortage. The way most Americans become familiar with the anti-employer environment is if another one of our companies moves to their area or one of our residents moves to their area, telling horror stories of how their business was killed by the force of the accumulated regulations. The only businesses that seem to be impervious are located in Silicon Valley or the new Silicon Beach...
  • America’s hiring paralysis

    06/17/2015 7:11:52 AM PDT · by SeekAndFind · 8 replies
    Washington Post ^ | 06/17/2015 | By Catherine Rampell
    Last week the Labor Department offered some seemingly very good news: U.S. employers now have more job openings than ever previously recorded. There is a bounty of opportunities to be had. And yet to unemployed workers, it may not feel that way. That’s because many companies are acting like big teases. They say they want to hire, then drag their feet. In fact, the average time required to fill a job opening has also just reached an all-time high: 27.3 days, or almost a month, according to an important and underappreciated monthly data release called the DHI-DFH Mean Vacancy Duration...
  • 2016 candidates must address high poverty rates among immigrant communities

    06/17/2015 6:32:46 AM PDT · by Twotone · 35 replies
    The Hill ^ | June 17, 2015 | Tom Broadwater
    Immigrants are known for bringing a strong work ethic and economic stimuli to the U.S., but as their families settle into American life, too many are earning too little. According to the latest US Census data on means-tested government assistance, the two largest demographic groups that include large numbers of recent immigrants or children of immigrants (Asians and Hispanics) are disproportionately poor enough to qualify for public assistance.
  • Reality Check: What's the Real Unemployment Rate in the U.S.?

    06/16/2015 10:51:37 AM PDT · by SeekAndFind · 32 replies
    Of Two Minds ^ | 06/16/2015 | Charles Hugh Smith
    By my reckoning, roughly 60% of the civilian work force is fully employed and 40% are marginally employed or unemployed.Officially, the unemployment rate in the U.S. is 5.6%, meaning 5.6% of the work force is temporarily out of a job and actively seeking another one. This low number reflects nearly full employment, as 3% to 4% of the work force is typically in the process of quitting/being laid off and finding another job. Typically, periods of nearly full employment are economically good times, as household income is bolstered and employers have to pay a bit more to hire workers when...
  • The Rise of the Machines

    06/16/2015 8:51:19 AM PDT · by Oldpuppymax · 4 replies
    Coach is Right ^ | 6/16/15 | By LtCol Forrest R. Lindsey USMC (ret), staff writer
    Hardly a day goes by without some new article describing the very rapid advance of automation in our lives. As it is right now, more and more manufacturing is done using computer-controlled machining and robots doing the assembling and even testing. We can’t call for customer assistance anymore without going through a battery of mechanical voices asking us which option we want while directing us away from any hope of human interaction. Machines are accurate, dependable and they never sleep. They don’t belong to unions and they never complain about working conditions and best of all for the Captains of...
  • Robert Reich: Americans have had it with free trade

    06/16/2015 2:17:57 AM PDT · by Cincinatus' Wife · 64 replies
    Salon ^ | June 16, 2015 | Robert Reich
    How can it be that the largest pending trade deal in history – a deal backed both by a Democratic president and Republican leaders in Congress – is nearly dead? The Trans Pacific Partnership may yet squeak through Congress but its near-death experience offers an important lesson. It’s not that labor unions have regained political power (union membership continues to dwindle and large corporations have more clout in Washington than ever) or that the President is especially weak (no president can pull off a major deal like this if the public isn’t behind him). The biggest lesson is most Americans...
  • Yet Another Double Standard in American Politics

    06/12/2015 11:04:44 AM PDT · by jfd1776 · 6 replies
    Illinois Review ^ | June 12, 2015 A.D. | John F. Di Leo
    In America, when friends learn that a woman is being abused by her husband or boyfriend, what do they do? They stage an intervention, help her find a lawyer, get a restraining order, get her out of there… as fast as possible. When a son or daughter learns that an elderly parent is receiving bad care at a nursing home, what do they do? Pack up Dad’s or Mom’s stuff, help them move to a better, safer place, file a complaint with the state’s attorney or the board of health, press charges, but first and foremost, get them out of...
  • Media Downplays Youth Unemployment

    06/11/2015 7:02:58 AM PDT · by Academiadotorg · 12 replies
    Accuracy in Academia ^ | June 10, 2015 | Malcolm A. Kline
    Recent college graduates contemplating their post-graduation job prospects might find that the media is as inaccurate a source of information as their university career services division is. The Washington Post reported on June 5, 2015 that the “U.S. economy added 280,000 jobs in May; unemployment rate at 5.5%.” Generation Opportunity took a closer look at those numbers and found them wanting: • “The effective (U-6) unemployment rate for 18-29 year olds, which adjusts for labor force participation by including those who have given up looking for work, is 13.6 percent (NSA). The (U-3) unemployment rate for 18-29 year olds is...
  • The Job Market Will Get Much Worse, JP Morgan Economist Warns

    06/10/2015 7:54:37 AM PDT · by SeekAndFind · 22 replies
    Zero Hedge via Dark-Bid.com ^ | 06/10/2015 | Daniel Drew
    As Zero Hedge reports every month, the labor force participation rate is at multi-decade lows. Michael Feroli, a JPMorgan economist, said the economy will produce even fewer jobs in the future.In the last ten years, the U.S. saw 68,000 new jobs per month. Meanwhile, the population grew by over 200,000 per month. The last decade's data was marred by severe job losses in 2008. From 1995 - 2005, it was normal to see 300,000 new jobs per month in good years, and the bad years didn't come close to the 2008 horror show.Job creation is on a slight uptrend now,...
  • Plover company files for bankruptcy; may be sold (432 layoffs at Golden County Foods in Wisconsin)

    06/09/2015 1:45:28 AM PDT · by 2ndDivisionVet · 3 replies
    WAOW-TV ^ | June 1, 2015 | Robert Imrie
    PLOVER (WAOW) - A manufacturer of frozen snacks and appetizers told the state Monday that it was laying off 432 workers at its two Plover plants as part of a bankruptcy filing and proposed sale to another company. Golden County Foods said it had reached a preliminary agreement to sell the company to Monogram Appetizers, subject to the approval of the Bankruptcy Court. The company filed for Chapter 11 bankruptcy on May 15 and notified the state Department of Workforce Development of possible massive layoffs in a four-page letter released Monday. Golden County Foods describes itself as world's largest supplier...
  • America’s lost decade

    06/05/2015 9:42:01 PM PDT · by 2ndDivisionVet · 7 replies
    NetRightDaily ^ | June 2, 2015 | Robert Romano
    The U.S. economy contracted at an inflation-adjusted 0.7 percent in the first quarter, the Bureau of Economic Analysis reports in its latest update. The bad news flies in the face of economic projections by the U.S. Federal Reserve, which had been predicting 2.6 to 3 percent growth for 2015 in December. That was downgraded to 2.3 percent to 2.7 percent in March. That had been considered a weak outlook at the time, with the economy not getting above 3 percent any time soon. And now, just to get to that modest 2.3 percent for the year, the economy will need...
  • Payroll Stats Become Even More Implausible: The Job Numbers Literally Do Not Add Up

    06/05/2015 1:23:53 PM PDT · by SeekAndFind · 18 replies
    Alhambra Investment Partners ^ | 06/05/2015 | Jeff Snider
    Payroll Stats Become Even More ImplausibleSince Q1 GDP was revised lower by almost 1% that meant estimates of productivity were going to be even more out of alignment than they were at the first release. Of course, in a less massaged environment productivity might have preserved some sense if there was less rigidity from the BLS on the employment side. In other words, when “output” estimates were reduced (and they were, by more than GDP) it would make sense that everything would be revised downward in a more cohesive process. Instead, output was reduced significantly, by 1.4%, while total hours...
  • Where The May, 2015 Jobs Were: Teachers, Waiters, Retail, And Temp Help

    06/05/2015 1:18:23 PM PDT · by SeekAndFind · 5 replies
    Zero Hedge ^ | 06/05/2015 | Tyler Durden
    One of the defining features of jobs "recovery" and the main reason why wage growth has been so far below the Fed's expectations for years it has prevented wage inflation from appearing despite years of QE, is that the quality of jobs added month after month has disappointing. May was no difference.Yes, the headline print of 280K job additions was great, but a quick look at how the BLS got there shows that nothing has changed because four of the five main job additions were, as usual for the lowest paid jobs. Here is the breakdown: Education and Health...
  • 93 Million Americans Remain Out Of The Labor Force Despite Nearly 400K Work Pool Increase

    06/05/2015 7:17:55 AM PDT · by SeekAndFind · 23 replies
    Zero Hedge ^ | 06/05/2015 | Tyler Durden
    The reason why despite the better than expected increase in jobs the US unemployment rate rose from 5.4% to 5.5% even as the number of Unemployed workers rose by 125K to 8,674MM was due to the 397K influx into the civilian labor force which rose to 157.459MM, a new record high in the series, which on the surface would suggest declining slack as more people who have been traditionally left out of the employment calculation go back into the labor pool.Which aslo meant that since the total US civilian non-institutional population rose by half this number, the number of...
  • U.S. Economy Added 280,000 Jobs in May 2015; Unemployment Rate 5.5%

    06/05/2015 6:33:02 AM PDT · by SeekAndFind · 69 replies
    New York Times ^ | 06/05/2015 | By PATRICIA COHEN
    Blunting worries about the American economy’s momentum after a stretch of lackluster growth this year, the government reported on Friday that employers added a hefty 280,000 jobs in May, well above the average monthly totals logged over the last year. The official unemployment rate ticked up to 5.5 percent, as more Americans returned to the labor force and returned to actively looking for work. At the same time, hourly wages rose 0.3 percent last month, finally providing workers with some long-awaited gains. United States markets were expected to open lower on concerns that the strong report would provide further reason...
  • Gallup: U.S. Job Creation Index Edges Up to New High in May

    06/04/2015 6:28:07 AM PDT · by SeekAndFind · 5 replies
    Gallup ^ | 06/04/2015 | Rebecca Riffkin
    WASHINGTON, D.C. -- Gallup's U.S. Job Creation Index reached +32 for the month of May, the highest Gallup has found, by one point, since 2008. It slightly exceeds the +31 found in April, and the +30 found in September 2014. Shortly after Gallup began tracking job creation in January 2008, the index nosedived as the Great Recession wreaked havoc on the economy. After remaining in negative territory for most of 2009, the index slowly recovered, reaching +30 in September 2014. It then dipped slightly and stayed between +27 and +29 for six months. More recently, it increased two points in...
  • AP Redefines Unemployment as Liberation for Employees

    06/03/2015 1:14:22 PM PDT · by Kaslin · 6 replies
    Rush Limbaugh.com ^ | June 3, 2015 | Rush Limbaugh
    RUSH: I mentioned in the previous hour working 9-to-5 is becoming a less popular way to make a living. This is an AP story. Now, listen. This is absurd, and this is part and parcel of the ongoing Democrat Party agenda. This is how you cover for a rotten economy. "If you want an income, or you're an employer looking for help, it may be time to scrap the idea of the traditional 9-to-5 arrangement." Yes. "For workers --" I prefer employees or associates "-- it has become easier and less risky to go solo. Affordable health-insurance plans, which kept...
  • J.P. Morgan Chase expected to lay off more than 5,000 by next year

    05/29/2015 4:52:55 PM PDT · by 2ndDivisionVet · 16 replies
    MarketWatch ^ | May 28, 2015 | Emily Glazer
    J.P. Morgan Chase & Co. has begun layoffs that are expected to total more than 5,000 by next year, people familiar with the matter said. This latest phase of cuts started earlier this year and would eliminate at least 2% of the bank’s JPM, workforce over the next year. The moves come as the nation’s largest bank overhauls its 5,570 branches to rely more on technology and less on human tellers. Chairman and Chief Executive James Dimon said Wednesday that the average J.P. Morgan Chase branch would lose one employee over the next two years, mostly through attrition....
  • Coal-mine companies expect 2,267 layoffs

    05/23/2015 8:35:49 PM PDT · by 2ndDivisionVet · 25 replies
    The Columbus Dispatch / The Associated Press ^ | May 23, 2015 | Jonathan Mattise
    CHARLESTON, W.Va. — Appalachian coal mining suffered a double blow on Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told 439 more Mountain State miners they could be out of work. The announcements continue a grim employment trend for the Appalachian coalfields. On Friday, St. Clairsville, Ohio-based Murray Energy said it told 1,417 workers at five West Virginia mines that their jobs must be eliminated....
  • ***THE OFFICIAL FRIDAY SILLINESS THREAD***

    05/22/2015 5:42:22 AM PDT · by Lucky9teen · 89 replies
    In Obama's world - our military's top priority is to fight the weather.  PRESIDENT OBAMA: Climate change is one of those most severe threats. This is not just a problem for countries on the coasts or for certain regions of the world. Climate change will impact every country on the planet. No nation is immune. So I am here today to say that climate change constitutes a serious threat to global security, an immediate risk to our national security. And make no mistake, it will impact how our military defends our country. So we need to act and we need...
  • U.S. Jobless Claims Rise, But Still Point to Growing Labor Market

    05/21/2015 7:59:01 AM PDT · by SeekAndFind · 7 replies
    Wall Street Journal ^ | 05/21/2015 | BEN LEUBSDORF
    WASHINGTON—The number of Americans applying for first-time unemployment benefits rose last week, but remained at a historically low level consistent with an improving labor market. Initial jobless claims, a proxy for layoffs across the economy, increased by 10,000 to a seasonally adjusted 274,000 in the week ended May 16, the Labor Department said Thursday. Economists surveyed by The Wall Street Journal had expected 271,000 new claims. “U.S. labor market momentum remains solid in mid-May,” Barclays economist Jesse Hurwitz said in a note to clients. The prior week’s claims were left unrevised at 264,000. The Labor Department said no special factors...
  • US weekly jobless claims total 274,000 vs 271,000 estimate

    05/21/2015 5:30:16 AM PDT · by Red in Blue PA · 3 replies
    First-time claims for state unemployment benefits were expected to total 271,000 in the most recent week, up from 264,000 reported a week earlier.
  • 40 percent of unemployed have quit looking for jobs

    05/20/2015 9:30:24 PM PDT · by Red in Blue PA · 36 replies
    At a time when 8.5 million Americans still don't have jobs, some 40 percent have given up even looking. The revelation, contained in a new survey Wednesday showing how much work needs to be done yet in the U.S. labor market, comes as the labor force participation rate remains mired near 37-year lows. A tight jobs market, the skills gap between what employers want and what prospective employees have to offer, and a benefits program that, while curtailed from its recession level, still remains obliging have combined to keep workers on the sidelines, according to a Harris poll of 1,553...
  • The 25 best cities for job seekers right now

    05/20/2015 8:29:02 AM PDT · by SeekAndFind · 18 replies
    Business Insider ^ | 05/20/2015 | JACQUELYN SMITH
    If you've been unsuccessful in your job search, it might be time to start looking in other parts of the country. But before you pack up and go, you'll want to consider which cities have the best career opportunities, the happiest workers, and the lowest cost of living. To help, online careers community Glassdoor just released its latest report on the 25 best cities for jobs right now. These metro areas stand out for having the highest Glassdoor "Job Score," which was determined by weighting three factors equally: how easy it is to get a job (hiring opportunity), how affordable...
  • The True Black Tragedy: Illegitimacy Rate of Nearly 75%

    05/19/2015 1:09:13 PM PDT · by Olog-hai · 24 replies
    Cybercast News Service ^ | May 19, 2015 | 6:50 AM EDT | Walter E. Williams
    Hustlers and people with little understanding want us to believe that today’s black problems are the continuing result of a legacy of slavery, poverty and racial discrimination. The fact is that most of the social pathology seen in poor black neighborhoods is entirely new in black history. Let’s look at some of it. Today the overwhelming majority of black children are raised in single female-headed families. As early as the 1880s, three-quarters of black families were two-parent. In 1925 New York City, 85 percent of black families were two-parent. One study of 19th-century slave families found that in up to...
  • In sign of times, hardest-hit Nevada may end foreclosure aid

    05/17/2015 9:26:06 PM PDT · by Olog-hai · 8 replies
    Associated Press ^ | May 17, 2015 8:02 PM EDT | Michelle Rindels
    At its height, Nevada was ground zero for the Great Recession. Unemployment topped 14 percent, the highest in the nation. The state led in per-capita bankruptcy filings. And one in every 10 homes faced foreclosure. But while Nevada’s jobless and foreclosure rates still rank high relative to other states, the raw numbers have plummeted. Lawmakers who agonized about public employee layoffs and an overburdened unemployment insurance fund a few years ago are now fretting about a shortage of teachers and want to implement new taxes worth hundreds of millions of dollars. And in another sign of the times, they want...
  • The U.S. economy has left behind 20 million Americans

    05/15/2015 8:00:05 PM PDT · by Lorianne · 16 replies
    Market Watch ^ | 13 May 2015 | Howard Gold
    About 10% of adults of working age have at best marginal ties with the economy ___ Last month, when Baltimore was burning after a young African-American man died in police custody (six officers were subsequently charged), I did a Google search to find what David Simon thought about it. Simon, a former reporter for the Baltimore Sun, was the creator and show runner of “The Wire,” which ran for five seasons on HBO and which Entertainment Weekly called the greatest television show ever. It was a brilliant narrative of the struggle for survival in a violent, drug-riddled Baltimore neighborhood much...
  • Zenith Education Group lays off 131 people at Thornton call center (Colorado)

    05/13/2015 12:02:07 PM PDT · by 2ndDivisionVet · 3 replies
    The Denver Business Journal ^ | May 11, 2015 | Caitlin Hendee, digital producer & social engagement manager
    Zenith Education Group, a Minnesota-based provider of career-school training and operator of Everest College campuses in metro Denver, is laying off 131 people at its Thornton call center. "We had a reduction in the student population and we are merging some call centers to the one located in Tampa," said Zenith spokesperson Krissy Humenesky, referring to a call center at an Everest college in Florida. Zenith, an affiliate of ECMC Group Inc., last December entered into a deal with Corinthian Colleges to take over 56 Everest and WyoTech campuses in 17 states across the country, including Colorado. Earlier this month,...
  • Are 90 million Americans not working or not looking for work? [A closer look at the numbers]

    05/13/2015 9:28:38 AM PDT · by SeekAndFind · 19 replies
    Politifact ^ | 7/30/2013 | By Louis Jacobson
    A reader recently asked us to check a claim that’s been widely repeated on conservative websites -- that 90 million Americans either aren’t working or aren’t looking for work. Over the past few months, the statistic has been cited by various conservative bloggers, pundits and news outlets. We thought we’d take a closer look. Here’s how the calculation is made, using Census Bureau population estimates and employment data from the Bureau of Labor Statistics: The total U.S. population age 16 and over is at least 243 million. Subtracting the nearly 156 million Americans in the labor force in June...
  • The US Is In Recession According To These 7 Charts

    05/13/2015 8:23:50 AM PDT · by SeekAndFind · 17 replies
    Zero Hedge ^ | 05/13/2015 | Tyler Durden
    The evidence continues to mount..."Most since Lehman" has become the new meme for macro-economic data in the US as day after day brings another lacklustre superlative to be dismissed with some excuse by the cognoscenti of sell-side economists...  Of course, that is aside from anything related to aggregate jobs that is spewed by the government's official ministries of truth... (do not look at this chart)*  *  *So here are seven charts that scream "recession" is here...Retail Sales are weak - extremely weak. Retail Sales have not dropped this much YoY outside of a recession... And if Retail Sales are weak, then...
  • [Palestinian Authority] PA Towns Surrounded by Jews Enjoy 0% Unemployment

    05/13/2015 12:27:47 AM PDT · by Olog-hai · 3 replies
    INN ^ | 5/11/2015, 7:24 PM | (Arutz Sheva Staff)
    Three Palestinian Arab towns in western Samaria that are surrounded by Jewish communities and seemingly “cut off” from the rest of the the Palestinian Authority (PA) are actually doing quite well for themselves, according to a report by the PA-based Safa news agency cited by blogger Elder of Ziyon. The towns—Mas-ha, Qarawat Bani Hassan and Biddya—are bordered by Elkana on the west and Barkan on the east, and as the blogger notes, they form “islands of Arab brown among a sea of Jewish blue areas,” in a map provided by the pro-Palestinian B’tselem. While PA propaganda portrays Jewish settlements as...
  • This policy has correlated with higher unemployment, more bankruptcies and greater inequality...

    05/12/2015 8:41:27 AM PDT · by fredericbastiat1 · 4 replies
    TheBlaze Books ^ | 2015-05-12 | Benjamin Weingarten
    "From 1947 when [the] Bretton Woods System really got operating to 1971, when the dollar was convertible into gold at a 35th of an ounce, unemployment in America averaged 4.7 percent. And then we got rid of the Bretton Woods system — we defaulted on it — we went to fiat money, and in the years from 1971 to today, unemployment has averaged significantly above 6 percent. Low unemployment: gold standard. High unemployment: fiat money. But it’s not just unemployment. The bankruptcy rate which Elizabeth Warren likes to focus on was one point something per thousand for years, and suddenly...
  • Patriot Coal Files for Chapter 11 Bankruptcy Protection

    05/12/2015 6:42:58 AM PDT · by Rodamala · 9 replies
    ABC New (AP Story) ^ | May 12, 2015, 9:35 AM ET | John Raby
    CHARLESTON, W.Va. Patriot Coal Corp. filed for Chapter 11 bankruptcy protection Tuesday for the second time in three years. The company made the filing in U.S. Bankruptcy Court for the Eastern District of Virginia. It had emerged from an earlier bankruptcy case in December 2013 in Missouri. Patriot said it is involved in active negotiations for the sale of its operating assets to a strategic partner. Patriot said it will continue shipping and mining operations and it has received a commitment for $100 million in debt financing from secured debt holders that it did not identify.
  • The Pain the Job Numbers Don’t Show: Core of America’s workforce hasn’t recovered from recession.

    05/09/2015 10:19:05 AM PDT · by SeekAndFind · 9 replies
    Fiscal Times ^ | 05/09/2015 | By Rob Garver
    It seems almost ungrateful to complain about the announcement that the U.S. added 223,000 jobs to the economy in April, dropping the official unemployment rate to 5.4 percent, particularly after the dismal showing in March. Economists saw those numbers as reason for a “sigh of relief,” as one put it. But the truth is that for many American workers, the jobs recovery hasn’t yet provided real relief — and there is still a lot of ground to cover before the country can be said to have truly recovered the losses from the Great Recession. The labor force participation rate remains...
  • Unemployment rate for black Americans at 7-year low (o rly?)

    05/08/2015 1:06:08 PM PDT · by Olog-hai · 21 replies
    Associated Press ^ | May 8, 2015 12:49 PM EDT
    The unemployment rate for black Americans fell to single digits in April for the first time in nearly seven years. At the same time, the jobless rate among Asian-Americans rose for the first time in six months. The black unemployment rate in April was 9.6 percent, the lowest level since June 2008. During the financial crisis and recession, the rate had risen as high as 16.8 percent. Despite the latest improvement, the employment gap by race remains stubbornly wide. The jobless rate for blacks is more than twice that of whites. …
  • Good news: U.S. economy adds 223,000 jobs (CNN)

    05/08/2015 9:49:35 AM PDT · by lowbridge · 49 replies
    CNN ^ | may 8, 2015 | Patrick Gillespie 
    America can breathe a sigh of relief. The economy is improving with the spring weather. The U.S. added 223,000 jobs in April, a healthy pick up after a disappointing March and about in line with what economists surveyed by CNN Money projected. April's strong job gains reflect a trend the country saw last year: job growth cooling in the winter months, then gaining momentum into the spring. "They are good numbers," says Kate Warne, investment strategist at Edward Jones. "It's reassuring that we saw job growth rebound to above 200,000." The good news doesn't stop there. The unemployment rate dropped to 5.4%,...
  • Old Workers Hit New All Time High As All April Jobs Go To The "55 And Older"

    05/08/2015 8:21:55 AM PDT · by SeekAndFind · 37 replies
    Zero Hedge ^ | 05/08/2015 | Tyler Durden
    Earlier we reported that all the jobs added in April were part-time, or over 400,000, while full-time jobs decreased by over 200,000 pushing them further under the pre-recession peak. Here is another stunning data point: while it has been no secret that ever since the quote-unquote recovery virtually all job gains have gone to older workers, those 55 and over and ever closer to retirement, April merely confirmed this demographically disastrous trend, and of the 255K workers added in the household survey when broken down by age group, more than all, or 266K went to workers aged 55 and older...
  • Americans Not In The Labor Force Rise To Record 93,194,000

    05/08/2015 7:46:42 AM PDT · by GrandJediMasterYoda · 41 replies
    zerohedge.com ^ | 5/8/15 | Tyler Durden
    Americans Not In The Labor Force Rise To Record 93,194,000 In what was an "unambiguously" unpleasant April jobs payrolls report, with a March revision dragging that month's job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating...
  • Economy Adds 223,000 Jobs in April; Unemployment Rate at 5.4%

    05/08/2015 6:43:46 AM PDT · by SeekAndFind · 61 replies
    Fox Business News ^ | 05/08/2015 | By Dunstan Prial
    <p>The economy added 223,000 jobs in April and the unemployment rate dropped to 5.4%, a rebound from the dismal March report that led to concerns the U.S. labor market was heading into a prolonged skid.</p> <p>Economists were nearly spot on in their predictions of a gain of 224,000 and that the unemployment rate would dip to 5.4%.</p>
  • Wow. 47 Major Retailers Announce Closing of 6,000 Stores Across the Country

    05/07/2015 6:16:59 PM PDT · by Beave Meister · 39 replies
    You’ll never hear the Obama administration pass on an opportunity to gloat about the miracles they think they’ve managed to pull off over the past seven years to get America’s economy back on track. The only problem with that is, it’s not remotely true. Somehow, the spin doctors at the White House always manage to cherry pick rare instances of economic improvement and turn them into something much bigger. If you want a real indication of how President Barack Obama’s economy is fairing, just look to a recent report that shows a coming “retail apocalypse,” with major retailers across the...
  • The Texas Job Recession Is Now Literally "Off The Chart": Now Leads the Nation in Layoffs

    05/07/2015 9:10:25 AM PDT · by SeekAndFind · 23 replies
    Zero Hedge ^ | 05/07/2015 | Tyler Durden
    The paradoxical, utterly nonsensical "data" releases continue. On one hand, the government's Department of Labor reported earlier today that in the past week just 265K people were laid off: the lowest number since early 2000. On the other, private data aggregator Challenger reported that in April, there were a whopping 61,582 job cuts, a 68% surge from March, and up 53% from a year ago. This was the highest monthly total since May 2012 and the highest April total since 2009!Smoothing out the noise reveals that in the first 4 months of 2015, employers announced 201,796 planned job cuts,...
  • Jobless claims remain low, but planned layoffs jump to three-year high

    05/07/2015 7:30:50 AM PDT · by SeekAndFind · 4 replies
    Los Angeles Times ^ | 05/07/2015 | Jim Puzzanghera
    Initial jobless claims rose slightly last week from a 15-year low while planned layoffs surged in April to a three-year high, providing mixed signals about the health of the labor market ahead of Friday's jobs report. About 265,000 people applied for first time unemployment benefits in the week ended Saturday, up from the previous week's 262,000, the Labor Department said Thursday. Economists had expected claims to rise to 280,000 after hitting the lowest level since 2000 the previous week. The four-week average, which smooths out some volatility, fell to 279,500 last week. That was the lowest level since May 2000....
  • Hopeless in America [Why are we bringing sand to the beach?]

    05/07/2015 1:34:22 AM PDT · by Cincinatus' Wife · 10 replies
    Front Page ^ | May 7, 2015 | Michael Cutler, retired Senior Special Agent of the former INS
    When he came to office, not unlike other politicians, Obama made many promises. Nearly every promise he made has remained unfulfilled — with one exception: The promise that “change has come to America.” My dad used to tell me that nothing was so good it could not be better or be so bad it could not get worse. Things have indeed gotten worse, much worse, and it would appear that there is no bottom as to how far we may ultimately fall at the hands of an administration and politicians from both sides of the aisle, who only care about...
  • Only 169,000 Jobs Added in April, Says ADP

    05/06/2015 8:57:50 AM PDT · by SeekAndFind · 3 replies
    US News and World Report ^ | 05/06/2015 | Andrew Soergel
    Many economists expected a rebound after last month’s soft jobs numbers, but the ADP National Employment Report released Wednesday shows little sign of such a turnaround. The domestic economy added only 169,000 jobs in April, according to the Wednesday report, and March additions were revised down from an original 189,000 to 175,000. This is the second consecutive month of sub-200,000 job additions, which previously hadn’t happened in a single month since January 2014. Service-providing firms added 170,000 positions last month, with the most pronounced month-over-month gains seen in the professional/business services and trade/transportation/utilities sectors. But goods-producing jobs shed 1,000 positions...
  • Beware of the phantom: ‘New jobs’ hoax

    05/06/2015 8:55:40 AM PDT · by SeekAndFind · 2 replies
    New York Post ^ | 05/06/2015 | John Crudele
    Get ready for another ride on the economic roller coaster. Last week, we got bad news about the economy when it was announced that the US gross domestic product barely rose in the first three months of 2015. And it looks as though the 0.2 percent annualized growth reported by the Commerce Department for the winter months will turn into a contraction when revisions are made at the end of May. Worse, GDP in the second quarter hasn’t gotten much better. The Atlanta Federal Reserve’s GDPNow, which tracks the economy in real time, has GDP growing at a wimpy 0.8...
  • Sen. Jeff Sessions: Top Five Concerns With Trade Promotion Authority (Covert Immigration Bill)

    05/06/2015 5:51:07 AM PDT · by xzins · 20 replies
    Conservative HQ ^ | 5/6/2015 | CHQ Staff
    Congress has the responsibility to ensure that any international trade agreement entered into by the United States must serve the national interest, not merely the interests of those crafting the proposal in secret. It must improve the quality of life, the earnings, and the per-capita wealth of everyday working Americans. The sustained long-term loss of middle class jobs and incomes should compel all lawmakers to apply added scrutiny to a “fast-track” procedure wherein Congress would yield its legislative powers and allow the White House to implement one of largest global financial agreements in our history—comprising at least 12 nations and...
  • Baltimore Is Not About Race

    05/05/2015 7:04:45 AM PDT · by KeyLargo · 7 replies
    The Wall Street Journal ^ | May 4, 2015 | William McGurn
    Baltimore Is Not About Race Government-induced dependency is the problem—and it’s one with a long history. By William McGurn May 4, 2015 For those who see the rioting in Baltimore as primarily about race, two broad reactions dominate. One group sees rampaging young men fouling their own neighborhoods and concludes nothing can be done because the social pathologies are so overwhelming. In some cities, this view manifests itself in the unspoken but cynical policing that effectively cedes whole neighborhoods to the thugs. Opinion Journal Video Manhattan Institute Senior Fellow Jason Riley on what prompted the violence and what comes next....
  • Jobs elusive for 40% of area poor: Survey respondents still struggling

    05/03/2015 1:41:59 PM PDT · by 2ndDivisionVet · 47 replies
    The Fort Wayne Journal Gazette's Local ^ | May 3, 2015 | Sherry Slater
    A survey targeting local low-income families has found that 40 percent of respondents felt they have very little or no job security, according to results being released this week. That kind of instability makes it challenging to commit to car loans, apartment leases and tuition payments – steps often necessary to improving a family’s economic standing. Of those participating in the survey, more than 1 in 2 has received free groceries or meals and about 1 in 4 has needed help with housing, utilities or health care. The 502 responses reflect the experiences of those who continue to struggle in...