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Keyword: unexpected

Brevity: Headers | « Text »
  • Unemployment Rate Unchanged At 5.5%, US Employers Added A Lower-Than-Expected 126,000 Jobs in March

    04/03/2015 6:33:48 AM PDT · by SeekAndFind · 27 replies
    International Business Times ^ | 04/03/2015 | Jessica Menton
    U.S. employers added 126,000 jobs in March as the unemployment rate remained unchanged at 5.5 percent, the Labor Department said Friday. Economists polled by Thomson Reuters had expected net job growth of 250,000 last month. February was revised down from 295,000 to 264,000. The drop in March is under the average 269,000 jobs added over the previous 12 months. Job creation jumped in February despite harsh winter weather, and the U.S. has added at least 200,000 jobs per month for 12 consecutive months, a feat not seen in 20 years. However, the sharp gains in job creation in recent months...
  • Eligibility for public programs not properly checked, state review finds

    03/25/2015 5:26:03 AM PDT · by TurboZamboni · 1 replies
    star tribune ^ | 3-24-15 | chris serres
    A state legislative auditor’s report found that the Minnesota Department of Human Services (DHS) failed to ensure the eligibility of participants in large public assistance programs and that it did not always perform timely inspections of child care centers. The findings mirror those of other recent auditor reports and could fuel calls to reform the way state administrators verify eligibility for programs that together cost nearly $7 billion a year in federal money. For more than a decade, the legislative auditor has reported flaws in the way the state determines who qualifies for Medical Assistance, which provides health insurance to...
  • White House Suggests Obama Found Out About Hillary Email Server From Media

    03/06/2015 9:28:23 AM PST · by E. Pluribus Unum · 65 replies
    Breitbart.com ^ | 03/06/2015 | Charlie Spiering
    Aboard Air Force One, White House Press Secretary Josh Earnest indicates that President Obama probably found out about the Hillary Clinton email scandal from the media. Earnest told reporters traveling with the president that he wouldn’t be surprised if Obama first learned about Clinton’s homebrew server this week, according to the pool report.
  • Factory Orders Unexpectedly Decline 6th Month

    03/06/2015 9:26:13 AM PST · by Kaslin · 24 replies
    Townhall.com ^ | March 6, 2015 | Mike Shedlock
    Extending the longest streak since the 2008-2009 recession, Factory Orders Unexpectedly Decline 6th Month. New orders for U.S. factory goods unexpectedly fell in January, posting their sixth straight monthly decline, a sign of weakness in the manufacturing sector. The Commerce Department said on Thursday new orders for manufactured goods slipped 0.2 percent after a revised 3.5 percent decline in December. Economists polled by Reuters had expected factory orders to gain 0.2 percent in January after a previously reported 3.4 percent tumble in December.
  • Imam Who Said Ayaan Hirsi Deserved Death Was Hired By DOJ To Teach Muslim Classes To Fed Prisoners

    03/04/2015 12:19:24 PM PST · by Mount Athos · 19 replies
    daily caller ^ | 03/03/2015 | Chuck Ross
    An Egyptian-born imam who in 2007 said that Somali-born activist Ayaan Hirsi Ali should receive the death penalty for her criticism of Islam is now a Department of Justice contractor hired to teach classes to Muslims who are in federal prison. According to federal spending records, Fouad ElBayly, the imam at Islamic Center of Johnstown in Pennsylvania, was contracted by the DOJ’s Bureau of Prisons beginning last year to teach the classes to Muslim inmates at Cumberland Federal Correctional Institution in Cumberland, Md. The records show that ElBayly has two contracts worth $12,900 to teach the classes and to provide...
  • US Coast Guard steams to Antarctica to free trawler trapped in ice

    02/13/2015 12:03:35 PM PST · by Ragnar54 · 24 replies
    Fox News ^ | February 13, 2015 | AP
    Crews from the U.S. and New Zealand were trying Thursday to rescue a damaged fishing boat with 27 people aboard that remains stuck in ice near Antarctica.
  • Foreclosures skyrocket, jump 100 percent in Phoenix, Arizona

    02/12/2015 9:12:47 AM PST · by george76 · 30 replies
    Phoenix Business Journal ^ | Feb 11, 2015 | Mike Sunnucks
    There were more than 2,300 homes and condos in the foreclosure process last month. That is up 104 percent from December. Statewide that increase is 109 percent from January 2014. The jump in foreclosures comes as the Phoenix housing market tries to shake off a slow 2014 where low demand for homes and tough mortgage qualifications stymied sales. Foreclosure activity was also up in states such as Ohio, New Jersey, Maryland and California and metropolitan areas such as St. Louis, Los Angeles and San Francisco. The worst cities for foreclosures include Atlantic City, Las Vegas and eight Florida markets including...
  • Unexpected Collapse in Chinese Trade; Expect More Currency Manipulation Claims; Impact on US GDP

    02/09/2015 5:41:41 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | February 9, 2015 | Mike Shedlock
    Chalk up another unexpected data point for the slowing global economy: Economists expected Chinese exports to grow 5.9% in January. Instead exports declined by 3.3%. Imports declined a whopping -19.9% vs. an expectation of a 3.2% decline. With imports down way more than exports, China Posted a Record Trade Surplus of $60 billion, in this case, not a sign of strength.
  • As National Press Mostly Snoozes, Add Seattle to the List of Cities Where Homelessness Is Rising

    01/23/2015 7:21:44 AM PST · by george76 · 30 replies
    News Busters ^ | January 22, 2015 | Tom Blumer
    A week ago, Seattle Mayor Ed Murray, a Democrat, called homelessness in his city and the rest of King County a "full-blown crisis." Based on the numbers presented in coverage of the area's situation, we can certainly add the Emerald City to the list of areas where homelessness has been on the rise. Odds are that many readers here didn't know that, because the national press hardly ever pays attention to homelessness when a Democrat occupies the White House. Now imagine the firestorm which would erupt if a Republican or conservative proposed the "solution," however allegedly temporary, Murray is advancing...
  • How's that Obama Economy?

    01/14/2015 6:49:02 PM PST · by Kaslin · 14 replies
    Rush Limbaugh.com ^ | January 14, 2015 | Rush Limbaugh
    RUSH: Breaking news. Do you remember, shortly after Obama got back from Hawaii last week he went on this brief public speaking tour and just raved about the economy. Remember that? We had the sound bite. I remember he roared on and on about all the jobs and all the activity and all the people that now have health care that didn't. I mean, he painted a picture of utopia. It just happened to be that every issue he had tackled had begun now to pay off and finally, after six hard years, it had all come together, and man,...
  • The Last Southern Democrat (Mary Landrieu's imminent political demise)

    12/05/2014 7:18:24 AM PST · by NKP_Vet · 47 replies
    http://www.theatlantic.com ^ | December 4, 2014 | Molly Ball
    HAMMOND, La.—Mary Landrieu is dead, and everyone knows it but Mary Landrieu. The senior senator from Louisiana, a diminutive blond woman with a round, youthful face, is standing under a green canopy in the middle of an airfield. The canopy reads, "City of Hammond, Too Lovely to Litter." There is frustration in her voice as she repeats, yet again, the message nobody seems to be hearing. "The national race is over," she says. "This race is clearly now about what's in Louisiana's best interest." Landrieu's death was foretold on November 4, when any remaining hope Democrats might have had that...
  • 5 EYEWITNESS NEWS INVESTIGATES: Felony Gun Convictions Often End With No Prison Time

    10/31/2014 8:16:16 AM PDT · by TurboZamboni · 4 replies
    KSTP ^ | 10-30-14 | Stephen Tellier
    EYEWITNESS NEWS spent weeks analyzing more than 1,800 cases across Minnesota - murders, robberies, burglaries, and assaults, all involving firearms, as well as many cases of previously convicted felons being caught with guns. In more than half of such cases, the convicted felon received less than the minimum sentence. And whether they spent any time in prison varied greatly from judge to judge and courtroom to courtroom. Daylight was beginning to dwindle. Leaves were beginning to litter the landscape. Fall was beginning to descend on Folwell Park. "This is where kids come. This is their sanctuary," said John Joyce, who...
  • 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...