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Keyword: unexpected

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  • U.S. Jobless Claims Fall to 14-Year Low

    10/16/2014 10:55:55 AM PDT · by Red Badger · 23 replies
    WSJ ^ | 10/16/2014 | By Jonathan House
    WASHINGTON—The number of new claims for jobless benefits fell to a 14-year low last week, the latest sign of an improving labor market. Initial claims for unemployment benefits fell by 23,000 to a seasonally adjusted 264,000 in the week ended Oct. 11, the Labor Department said Thursday. That was below the 290,000 claims forecast by economists surveyed by The Wall Street Journal and the lowest level since the week of April 15, 2000, when it was 259,000. The Labor Department said there were no special factors affecting the data. “This is a clear signal of real strength in the labor...
  • One-fifth of U.S. workers were laid off in past five years, study says

    09/29/2014 6:02:08 PM PDT · by usconservative · 24 replies
    L.A. Times (Link Only) ^ | 9/29/2014 | Jim Puzzanghera
    Link only. Excellent Article that should spur discussion.
  • Hospitals ask patients to pay upfront ("Unexpected" ACA Consequence)

    09/29/2014 9:28:11 AM PDT · by Timber Rattler · 37 replies
    CNN Money, via WCYB TV 5 ^ | September 29, 2014 | Tami Luhby
    Get ready to whip out your credit card before you are wheeled into the operating room or undergo an MRI. Hospitals are increasingly asking patients to pay for procedures either upfront or before they are discharged. That's because Americans are shouldering a greater portion of their health care bills, and medical centers don't want to get stuck with patients that can't pay. (snip) The policies available on the Affordable Care Act exchanges are hastening this trend. Many enrollees are opting for the bronze and silver plans, which often carry deductibles upwards of $5,000 and $2,000, respectively. "The bronze plans are...
  • Blaming the economy, Md. officials lower state revenue projections by $405 million

    09/24/2014 7:20:02 PM PDT · by markomalley · 16 replies
    Washington Post ^ | 9/24/2014 | John Wagner
    Maryland officials on Wednesday lowered projections of state tax revenue for this year and next by a combined $405 million, blaming an economy that is still recovering at a more sluggish pace than expected. The action will require no immediate cuts in the state’s $16 billion general-fund budget, and Maryland remains in better fiscal health than most other states in the region, including Virginia, which announced a $2.4 billion shortfall in August. But some Maryland leaders warned that they could face more challenging budget choices ahead if job growth does not pick up. The largest revenue write-down Wednesday was for...
  • Hollywood Code Red: 2014 Already a Write Off, 19% of Jobs Cut

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

    09/11/2014 5:46:57 AM PDT · by Oldeconomybuyer · 15 replies
    Reuters ^ | September 11, 2014 | By Lucia Mutikani
    The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels. Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 315,000 for the week ended Sept. 6, the highest level since late June, the Labor Department said on Thursday. Claims for the prior week were revised to show 2,000 more applications received than previously reported.
  • Recreational Pot Not Bringing In Tax Money That Was Expected

    09/03/2014 7:13:28 AM PDT · by rktman · 112 replies
    denver.cbslocal.com ^ | 9/2/2014 | Unknown
    High hopes for tax money isn’t as expected as the state’s legal marijuana industry isn’t bringing in as much money as anticipated. In fact, tax revenue is way below expectations. When voters approved recreational marijuana sales the state predicted it would pull in more than $33 million in new taxes in the first six months. The actual revenue came up more than $21 million short. The problem is that buying pot is less expensive on the streets where people don’t have to pay taxes or fees. Medical marijuana is also less expensive than recreational pot, so those with medical cards...
  • Imminent Terrorist Attack Warning By Feds on U.S. Border

    08/29/2014 11:09:07 AM PDT · by kristinn · 277 replies
    Judicial Watch ^ | Friday, August 29, 2014
    Islamic terrorist groups are operating in the Mexican border city of Ciudad Juarez and planning to attack the United States with car bombs or other vehicle born improvised explosive devices (VBIED). High-level federal law enforcement, intelligence and other sources have confirmed to Judicial Watch that a warning bulletin for an imminent terrorist attack on the border has been issued. Agents across a number of Homeland Security, Justice and Defense agencies have all been placed on alert and instructed to aggressively work all possible leads and sources concerning this imminent terrorist threat. Specifically, Judicial Watch sources reveal that the militant group...
  • Reversal in 1Q and 2Q Gross Domestic Product Hints at Flawed Federal Data

    08/03/2014 8:04:51 AM PDT · by Kaslin · 19 replies
    Townhall.com ^ | August 3, 2014 | Paul Dykewicz
    The merit of the federal government adopting use of Gross Output (GO) as a broadened quarterly measure of U.S. economic activity to supplement the traditional reliance on Gross Domestic Product (GDP) shone when the Bureau of Economic Analysis recently published its first-quarter 2014 findings. The opportunity to compare the numbers shows that the economy may not have been as weak as the 2.1% shrinkage the GDP indicated in the first quarter when winter storms hit. Indeed, second-quarter real GDP rebounded to grow at a 4% annualized rate, affirming Gross Output’s useful role as a measure of economic activity because it...
  • MNsure Monthly Premiums Likely to Increase Significantly

    07/10/2014 7:22:08 AM PDT · by TurboZamboni · 5 replies
    KSTP ^ | 7-9-14 | Jay Kolls
    The head of the Minnesota Council of Health Plans gave a hint of what might come soon to those who pay for health insurance coverage through MNsure, Minnesota's health care exchange. Julie Brunner is the Executive Director of the Minnesota Council of Health Plans, which is the professional association for the HMOs that offer health coverage through MNsure. Brunner recently told a University of Minnesota symposium that she would "not be surprised if the health plans increased their rates by 8, 10, or even 12 percent." Gov. Mark Dayton tells 5 EYEWITNESS NEWS he would be disappointed by such a...
  • Here's how much pricier July 4th will be...

    07/02/2014 8:08:55 AM PDT · by george76 · 5 replies
    CNBC ^ | 1 Jul 2014 | Katie Little
    expected jump in food costs echoes the findings of a new informal survey from the American Farm Bureau Federation, which showed the average cost for a July 4th picnic for 10 is $58.72, 5.4 percent higher than last year. The survey is based on retail prices from 84 shoppers' findings in 26 states and Puerto Rico. Meat and dairy prices rose the most. The cost of ground round shot up 13.4 percent, pork spare ribs 13.2 percent and American cheese 14.3 percent.
  • Producer Price [Wholesale Prices] Index Falls Unexpectedly In May

    06/13/2014 4:05:59 PM PDT · by BenLurkin · 11 replies
    Fox ^ | June 13, 2014 | Greg Robb
    The decline was unexpected. Economists polled by MarketWatch had predicted a 0.1% increase in the PPI after a 0.6% gain in April and a 0.5% rise in March. The price of goods fell 0.2% in May led by a drop in the wholesale cost of energy. The price of services also decreased 0.2%. Personal consumption, a new index designed to foreshadow changes in the consumer price index, fell 0.2% in May.
  • Universities Say No to the 2nd Amendment

    06/03/2014 7:34:21 PM PDT · by TurboZamboni · 8 replies
    Last Resistance ^ | 6-3-14 | Blake Neff
    University presidents overwhelmingly oppose letting students carry concealed guns on their campuses — and don’t really want people carrying them anywhere else, either. A study commissioned by Ball State University polled 401 university presidents in the U.S. and found that 95 percent of them do not want students with concealed handguns to be allowed at their universities. Furthermore, most weren’t comfortable with students having guns anywhere else either, as 65 percent of them opposed the carrying of concealed handguns off-campus. The numbers are hardly surprising, as the university presidents seem to have little personal taste for guns. Seventy-nine percent of...
  • Dozens of bicycles stolen from city bike-share program

    05/30/2014 12:32:39 PM PDT · by BBell · 60 replies
    The Baltimore Sun ^ | 5/30/14 | By Carrie Wells
    More than 40 bicycles belonging to Baltimore's Recreation and Parks department for a bike-share program were stolen this week, and the activity has been suspended indefinitely, city officials said. The bikes, which included children's bikes and adult-size blue beach cruisers, were stolen on Monday during the city's Ride Around the Reservoir program in Druid Hill Park. Recreation and Parks spokeswoman Gwendolyn Chambers said staff had set up the bikes to lend out when a large group of youths began stealing them. One staffer was kicked by a youth, though the injury was not serious, Chambers said. "We don't want our...
  • 1 in 6 American Men Between Ages 25-54 Are Not Working

    05/30/2014 9:01:11 AM PDT · by george76 · 52 replies
    Weekly Standard ^ | May 30, 2014 | DANIEL HALPER
    There are currently 61.1 million American men in their prime working years, age 25–54. A staggering 1 in 8 such men are not in the labor force at all, meaning they are neither working nor looking for work. This is an all-time high dating back to when records were first kept in 1955. An additional 2.9 million men are in the labor force but not employed (i.e., they would work if they could find a job). A total of 10.2 million individuals in this cohort, therefore, are not holding jobs in the U.S. economy today. There are also nearly 3...
  • US Jobless Claims Jumped 14,000 To 344,000 In April 26 Week

    05/01/2014 6:41:18 AM PDT · by SeekAndFind · 12 replies
    WASHINGTON (MNI) - Initial claims for U.S. state unemployment benefits jumped for the second straight week in the April 26 week, climbing by 14,000 to 344,000, the Labor Department reported Thursday. The Labor Department said there were no special factors, however, the latest report reflects a second straight week of a double digit increase in initial claims which are now at the highest level since February 22 week when they were 351,000. Expectations for this week's report was for a claims level of 320,000, which would have been a 9,000 decrease from the previously reported 329,000 level in the April...
  • "Hillary For President" Fundraiser Busted For Illegal Campaign Contributions

    04/18/2014 7:04:11 AM PDT · by SeekAndFind · 7 replies
    Zero Hedge ^ | 04/18/2014 | Tyler Durden
    If you listen carefully, you can hear the stampede of politicians distancing themselves from their once best-friend - Hotel magnate Sant Singh Chatwal - as AP reports, he plead guilty Thursday to charges he secretly funneled more than $180,000 in illegal campaign contributions to three unnamed candidates and coached someone to lie about it. Without the contributions "nobody will even talk to you," Chatwal said. "That's the only way to buy them, get into the system." Welcome to the ugly truth of American politik.  The FT details that Sant Singh Chatwal, chairman of Hampshire Hotels Management, pleaded guilty on Thursday...
  • Frozen Four: Union beats Minnesota for NCAA hockey title

    04/13/2014 7:11:02 AM PDT · by TurboZamboni · 10 replies
    LA Slimes ^ | 4-13-14 | ap
    PHILADELPHIA -- Union College won its first NCAA hockey title Saturday night at the Frozen Four, scoring three times in a 1:54 span in the first period in a 7-4 victory over Minnesota on Saturday night. Mike Vecchione tied the score at 2 with 4:01 left in the first, Eli Lichtenwald gave the Dutchman the lead 57 seconds later, and Daniel Ciampini capped the spree with 2:57 to go. “I don't think anyone will call us Cinderella anymore,” said Shayne Gostisbehere, who had a goal and two assists. “These guys, my brothers, they do everything. I don't care about anything...
  • The dirty little secret behind today's employment report

    04/04/2014 9:23:57 AM PDT · by cutty · 12 replies
    Yahoo ^ | APRIL 4, 2014 | Jeff Macke
    There's a dirty little secret buried in the monthly employment data. It's a secret so dark, so exquisitely threatening to the financial media industry that those who reveal it risk being expunged from the community like magicians revealing their tricks. The National Bureau of Labor Statistics reported that 192,000 jobs were added to the economy in March. The unemployment rate stayed flat at 6.7%. The participation rate rose to 63.2%. Now the dirty secret: none of that actually matters very much. 1.The number itself is simply impossible to measure with any accuracy ... 2.The unemployment rate is irrelevant. ... 3.No...
  • Jobless claims edge unexpectedly higher

    04/03/2014 6:53:21 AM PDT · by xzins · 30 replies
    Yahoo/Reuters ^ | Apr 3, 2014, | Lucia Mutikani
    The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend continued to point to some strength in the labor market. Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 326,000, the Labor Department said on Thursday. Economists had forecast first-time filings for jobless aid rising to 317,000 in the week ended March 29.
  • Weekly Jobless Claims Rise More than Expected by 16,000

    04/03/2014 6:46:20 AM PDT · by SeekAndFind · 26 replies
    Fox News ^ | 04/03/2014
    The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend continued to point to some strength in the labor market. Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 326,000, the Labor Department said on Thursday. Claims for the week ended March 22 were revised to show 1,000 fewer applications received than previously reported. Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 317,000 in the week ended March 29. The four-week moving average for new claims, considered a better measure of underlying...
  • Jobless claims climb unexpectedly

    02/27/2014 5:43:16 AM PST · by John W · 37 replies
    www.msnbc.com ^ | February 27, 2014 | Steve Benen
    So far in 2014, initial unemployment claims have been largely stuck, though we were supposed to see some progress this morning. According to the new figures from the Labor Department, we didn’t: The number of people who applied for U.S. unemployment benefits jumped by 14,000 to 348,000 last week to match a five-week high, the Labor Department said Thursday. Economists surveyed by MarketWatch expected claims to total 335,000 on a seasonally adjusted basis. The average of new claims over the past month, a more reliable gauge than the volatile weekly number, was unchanged at 338,250.
  • Senate Democrats: Why Didn't Someone Tell Us Obamacare Would Cut Medicare?

    02/20/2014 6:59:30 AM PST · by Cheerio · 59 replies
    NRO ^ | February 20, 2014 | Jim Geraghty
    The National Republican Senatorial Committee points out that North Carolina Sen. Kay Hagan and other vulnerable Senate Democrats are now whacking the Centers for Medicare & Medicaid… for enacting changes required by Obamacare. Hey, Senator Hagan, if you want to blame someone, blame the foolish or dishonest lawmakers who voted for the law! Wait a minute, that’s you! In 2009, Senator Kay Hagan (D-NC) promised North Carolinians who depend on Medicare that she was going to “protect Medicare” and that they would “not see a drop in their Medicare coverage.”
 But in 2010 Kay Hagan voted to slash Medicare Advantage...
  • U.S. jobless claims rise more than expected

    01/30/2014 6:35:17 AM PST · by John W · 42 replies
    Reuters ^ | January 30, 2014 | Reuters
    Jan 30 (Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend suggested the labor market continued to heal. Initial claims for state unemployment benefits increased 19,000 to a seasonally adjusted 348,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported. Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 330,000 in the week ended Jan. 25. The four-week moving average for new claims, considered a better measure of underlying labor...
  • U.S. durable goods orders unexpectedly plunge in December

    01/28/2014 5:48:09 AM PST · by navysealdad · 34 replies
    Yahoo News ^ | Jan 28, 2014
    WASHINGTON, Jan 28 (Reuters) - Orders for long-lasting U.S. manufactured goods unexpectedly fell in December as did a gauge of planned business spending on capital goods, which could cast a shadow on an otherwise bright economic outlook. The Commerce Department said on Tuesday durable goods orders dropped 4.3 percent, pulled down by weak demand for transportation equipment, primary metals, computers and electronic products and capital goods.
  • Target will drop health insurance for its part-time employees

    01/21/2014 7:29:31 PM PST · by TurboZamboni · 44 replies
    Star Tribune ^ | 1-21-14 | JACKIE CROSBY
    Target Corp. said Tuesday that it will stop offering health insurance to its part-time employees because new online health exchanges offer workers an opportunity to buy coverage. The Minneapolis-based retailer will give each worker $500 to help buy health insurance, and has arranged for one-on-one consultations with benefits manager Towers Watson to help with the transition. The retailer announced the decision through its online site, “A Bullseye View: Behind the Scenes at Target,” in a Q&A with Jodee Kozlak, Target’s executive vice president of human resources. In the article, Kozlak acknowledged the disruption to workers. But she said the exchanges...
  • Top insurer warns that Obamacare enrollment mix worse than expected [Humana, Medicare Advantage]

    01/10/2014 11:34:48 PM PST · by Cincinatus' Wife · 99 replies
    Washington Examiner ^ | January 10, 2014 | Philip Klein
    Humana Inc., the nation's fourth-largest health insurer by market share, warned Thursday that the risk pool of applicants for insurance through President Obama's health care law would be worse than previously expected. Ever since the botched rollout of the health care law's exchanges in October, the policy community has been eager to know more about the mix of individuals signing up for insurance through the law. Because the law forces insurers to cover those with pre-existing conditions, insurers need to attract a critical mass of young and healthy individuals with lower medical costs into the exchanges to offset the cost....
  • Jobless claims rise to near nine-month high

    12/19/2013 5:54:16 AM PST · by John W · 51 replies
    Reuters ^ | December 19, 2013 | Reuters
    (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week to the highest level in nearly nine months, casting a shadow on the labor market. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 379,000, the Labor Department said on Thursday. That was the highest level since March and marked the second straight week that claims have risen. Claims for the prior week were revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had expected first-time applications to fall to 334,000 last week.
  • Breaking News: Jobless claims rise unexpectedly to 379,000

    12/19/2013 5:56:42 AM PST · by NY.SS-Bar9 · 67 replies
    Yahoo Finance ^ | 12/19/13 | Yahoo!
    Headline only
  • In first month, the vast majority of Obamacare sign-ups are in Medicaid

    11/03/2013 6:58:10 AM PST · by dennisw · 35 replies
    washingtonpost ^ | November 1 | Sarah Kliff,
    The first month of the new health law’s rollout reveals an unexpected pattern in several states: a crush of people applying for an expansion of Medicaid and a trickle of sign-ups for private insurance. This early imbalance — in some places, nine out of 10 enrollees are in Medicaid — has taken some experts by surprise. The Affordable Care Act, which expanded Medicaid to cover millions of the poorest Americans who couldn’t otherwise afford coverage, envisions a more even split with an expanded, robust private market. “When we first saw the numbers, everyone’s eyes kind of bugged out,” said Matt...
  • In first month, the vast majority of Obamacare sign-ups are in Medicaid (9 out of 10)

    11/01/2013 9:35:01 PM PDT · by 2ndDivisionVet · 48 replies
    The Washington Post ^ | November 1, 2013 | Sarah Kliff
    The first month of the new health law’s rollout reveals an unexpected pattern in several states: a crush of people applying for an expansion of Medicaid and a trickle of sign-ups for private insurance. This early imbalance — in some places, nine out of 10 enrollees are in Medicaid — has taken some experts by surprise. The Affordable Care Act, which expanded Medicaid to cover millions of the poorest Americans who couldn’t otherwise afford coverage, envisions a more even split with an expanded, robust private market. “When we first saw the numbers, everyone’s eyes kind of bugged out,” said Matt...
  • California adds jobs, but unemployment rate rises to 8.9%

    09/21/2013 7:13:05 AM PDT · by BenLurkin · 14 replies
    L,A,Times ^ | September 20, 2013, 4:59 p.m. | RIcardo Lopez
    "The labor market appears to be going sideways," said Robert Kleinhenz, chief economist at Los Angeles County Economic Development Corp. "We see a month of improvement and maybe a month of retrenchment, and that's a discouraging story to report." Earlier this year, California was outpacing the nation's rate of job creation, with payroll growth hovering around 2%. But since August 2012, the state has added 223,900 jobs for a growth rate of 1.5%. "Here we are in the middle of the year ... and the economy has shifted down to second gear," Kleinhenz said.
  • U.S. poverty rises despite economic recovery (but they got an Obamaphone)

    09/17/2013 3:27:05 PM PDT · by tobyhill · 16 replies
    chicago tribune ^ | 9/17/2013 | reuters
    The number of U.S. residents living in poverty edged up to 46.5 million last year, the latest sign that an economic recovery marked by a stock market boom has not trickled down to ordinary Americans. The figures from the Census Bureau on Tuesday highlighted the lingering scars from the 2007-2009 recession and added fresh fuel to debates over government austerity and widening income inequality. It could also renew calls to raise the minimum wage. Although the number of people in poverty went up from 46.2 million in 2011, the national poverty rate was unchanged at 15 percent, the annual report...
  • Germany's Aleo Solar is closing its Denver office

    09/13/2013 8:13:21 AM PDT · by george76 · 12 replies
    Denver Business Journal ^ | Sep 13, 2013 | L. Wayne Hicks
    Aleo Solar AG, a German solar-module manufacturer that has its U.S. headquarters in Denver, said it will withdraw from the United States immediately. ... the US operation had failed to meet recent sales targets and was not operating profitably
  • Consumer Confidence Collapses - Biggest Miss On Record

    09/13/2013 8:21:26 AM PDT · by Zakeet · 12 replies
    Zero Hedge ^ | September 13, 2013
    This is the first consecutive monthly drop in 14 months and the largest miss vs expectations on record. Printing at 76.8 (against an expectation of 82.0), this is the lowest in 5 months and points to the picture we have been painting of a consumer increasingly affected by rising rates and soaring gas prices amid stagnant incomes. As Citi notes below, this is the exact same pattern we have seen play out in the last 2 cycles and suggest significant downside risk to US equities. The economic outlook sub-index collapsed to its lowest since January. Biggest miss on the headline...
  • U.S. Consumer Sentiment Falls Much More Than Expected In September

    09/13/2013 7:35:38 AM PDT · by John W · 9 replies
    RTTNews ^ | September 13, 2013 | RTTNews
    Consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September, according to a report released by Thomson Reuters and the University of Michigan on Friday. The report said the preliminary reading on the consumer sentiment index for September came in at 76.8, down from August's final reading of 82.1. Economists had expected the index to edge down to 82.0. With the much bigger than expected decrease, the consumer sentiment index fell to its lowest level since hitting 76.4 in April. Reuters said survey director Richard Curtin attributed the decline to "growing concerns that...
  • U.S. jobless claims fall; reading clouded by processing snafu

    09/12/2013 5:50:45 AM PDT · by Oldeconomybuyer · 29 replies
    Reuters ^ | September 12, 2013 | by Jason Lange
    The number of new U.S. jobless claims fell sharply last week but much of the decline appeared due to technical problems in claims processing, clouding the last major reading of labor market health before a Federal Reserve meeting. Initial claims for state unemployment benefits slipped 31,000 to a seasonally adjusted 292,000, the Labor Department said on Thursday. That was the lowest level of claims since 2006, confounding analysts' expectations for a mild increase. But a department analyst said the majority of the decline appeared to be because two states were upgrading their computer systems and did not process all the...
  • ABCNews.com's Facebook Page Omits Biggest News from September Unemployment Report

    09/06/2013 12:42:36 PM PDT · by Kaslin · 7 replies
    NewsBusters.org ^ | September 6, 2013 | Ken Shepherd
    Reporting on the latest unemployment reports by the U.S. government, ABCNews's Facebook page curiously left out the most newsworthy statistic: 63.2 percent. That's where the labor force participation rate stands right now. [see screen capture below the page break] It's the lowest it's been since 1978. But here's how ABCNews's social media editors teased Facebook visitors: The U.S. economy added 169,000 jobs in August -- a bit weaker than economists expected. Meanwhile, the unemployment rate fell to 7.3%: http://abcn.ws/17JQof4 The linked September 6 story, by Susanna Kim, noted that the labor force participation rate has been steadily declining on President...
  • U.S. economy finds momentum in second quarter, further gains seen

    07/31/2013 5:36:39 AM PDT · by Oldeconomybuyer · 13 replies
    Reuters ^ | July 31, 2013 | By Lucia Mutikani
    U.S. economic growth unexpectedly accelerated in the second quarter, laying a firmer foundation for the rest of the year that could bring the Federal Reserve a step closer to cutting back its monetary stimulus. Gross domestic product grew at a 1.7 percent annual rate, the Commerce Department said on Wednesday, stepping up from the first-quarter's downwardly revised 1.1 percent expansion pace.
  • Moody's Downgrades Chicago's Debt Rating

    07/19/2013 5:53:52 PM PDT · by george76 · 16 replies
    ap ^ | Jul 18, 2013
    Illinois' $97 billion pension problem isn't doing any favors for Chicago. Moody's Investors Service late Wednesday downgraded the city's debt rating from Aa3 to A3 because of the city's "very large and growing" pension liability.
  • Unemployment rates rise in 28 US states

    07/18/2013 1:13:41 PM PDT · by Olog-hai · 10 replies
    Associated Press ^ | Jul 18, 2013 4:06 PM EDT | Christopher S. Rugaber
    Unemployment rates rose in 28 U.S. states last month, partly because more Americans started looking for work and not all of them found jobs. … Nationally, the unemployment rate remained 7.6 percent in June, even though employers added 195,000 jobs. …
  • Summertime Blues: Both Initial Jobless Claims (NSA) and Continuing Claims Rise Sharply

    07/18/2013 7:18:39 AM PDT · by whitedog57 · 14 replies
    Confounded Interest ^ | 07/18/2013 | Anthony B. Sanders
    The Department of Labor reported today that: In the week ending July 13, the advance figure for seasonally adjusted initial claims was 334,000, a decrease of 24,000 from the previous week’s revised figure of 358,000. That figure was on a seasonally adjusted basis. If we look at the non seasonally (NSA) adjusted data, initial jobless claims (purple) rose 25,350 from 383,360 to 408,710. ijccc071813 Continuing claims rose 333,800. cjc071813 Consumer confidence? It fell from -27.3 to -28.4. Notice that it has not been above 0 since the recession of 2001. bcc071813 Summertime blues indeed.
  • Farewell "Housing Recovery" - Housing Starts Miss Most Since January 2007..

    07/17/2013 6:33:54 AM PDT · by Perdogg · 4 replies
    Zero hedge ^ | Submitted by Tyler Durden on 07/17/2013 09:16 -0400
    Farewell "Housing Recovery" - Housing Starts Miss Most Since January 2007, Permits Have Biggest Miss In History In all the noise surrounding Bernanke's rehash of statements made countless times before, today's only relevant data point - June housing starts and permits - was largely ignored. And one can see why: printing at 836K, the starts number was the lowest since August 2012, the second largest sequential drop (down from 928K in May) since 2011 and the biggest miss to expectations of 957K since January 2007!
  • Weekly First-Time Claims For Unemployment Benefits Spiked Last Week to 360,000, Higher Than Expected

    07/11/2013 7:42:02 AM PDT · by SeekAndFind · 16 replies
    International Business Times ^ | 07/11/2013 | Malik Singleton
    The number of Americans applying for first-time unemployment benefits rose sharply last week to 360,000, an increase of 16,000 and much higher than the number analysts were expecting, the U.S. Labor Department said Thursday. Analysts polled by Thomson Reuters I/B/E/S expected, on average, claims for the seven days between June 30 and July 6 to fall to 340,000 below the previous week's revised figure of 344,000. By comparison, there were 363,000 first-time claims filed during the comparable week last year (seasonally adjusted). Although claims spiked, Labor Department officials and economists caution that one should not read too much into any...
  • Only 47% of Adults Have Full-Time Job

    07/05/2013 9:55:19 PM PDT · by george76 · 37 replies
    Breitbart ^ | 5 Jul 2013 | Mike Flynn
    only 47% of Americans have a full-time job and those who don't are finding it increasingly out of reach. Of the 144 million Americans employed last month, only 116 million were working full-time. Friday's report showed that 58.7% of the civilian adult population of 245 million was working last month. Only 47% of Americans, however, had a full-time job. ... In June, the number of Americans who wanted to work full-time, but were forced into part-time jobs because of the economy, jumped 352,000 to over eight million.
  • Initial Jobless Claims Rise To 354,000

    06/20/2013 8:22:36 AM PDT · by SeekAndFind · 14 replies
    Business Insider ^ | 06/20/2013 | Rob Wile
    Initial jobless claims hit 354,000. Consensus was for 340,000, according to Bloomberg. Last week had declined to 334,000. The 4-week moving average was 348,250, an increase of 2,500 from the previous week's revised average of 345,750. Mohamed El-Erian wrote in this space yesterday that for the foreseeable future, prints like this will be watched with greater scrutiny to see if the Fed's sunny economic projections are correct.
  • U.S. jobless claims rise above expectations last week

    06/20/2013 5:35:09 AM PDT · by Oldeconomybuyer · 10 replies
    Reuters ^ | June 20, 2013
    (Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, but not enough to signal a material shift from the recent pace of moderate job growth. Initial claims for state unemployment benefits increased 18,000 to a seasonally adjusted 354,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 2,000 more applications received than previously reported.
  • Employers Dropping Spousal Coverage to Avoid ObamaCare Fees

    06/17/2013 3:02:53 PM PDT · by grundle · 11 replies
    thenewamerican.com ^ | February 26, 2013 | Michael Tennant
    With healthcare costs continually on the rise — a situation compounded by ObamaCare’s new taxes and regulations — employers are looking for every means possible to keep those costs down. The healthcare law requires them to offer coverage to all full-time employees and their dependent children aged 25 and younger. The one person whose coverage it does not mandate, however, is the employee’s spouse; spousal coverage, therefore, is increasingly on employers’ chopping blocks. According to MarketWatch, since the passage of ObamaCare, companies have instituted various measures designed to discourage, if not outright exclude, individuals from obtaining health coverage via their...
  • U.S. Payroll to Population and Unemployment Worsen in May

    06/06/2013 8:54:44 AM PDT · by george76 · 2 replies
    Gallup ^ | June 6, 2013 | Jenny Marlar
    The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, worsened in May, dropping to 43.9%, from 44.5% in April. P2P is also down from May 2012, when it was 44.4%. ... Gallup's P2P metric is an estimate of the percentage of the U.S. adult population aged 18 and older who are employed full time by an employer for at least 30 hours per week. P2P is not seasonally adjusted.
  • Weekly Jobless Claims Fall More Than Expected

    06/06/2013 6:44:43 AM PDT · by mykroar · 13 replies
    FoxBusiness.com ^ | June 06, 2013 | Reuters
    <p>The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity.</p> <p>Initial claims for state unemployment benefits declined 11,000 to a seasonally adjusted 346,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported.</p>