Free Republic

A top economist at the ADP Research Institute slapped down the asinine leftist narrative that the United States is experiencing explosive jobs growth. ADP Chief Economist Nela Richardson joined CNBC Squawk Box following the shocking news Jan.12 that inflation had spiked a whopping 7 percent year-over-year in December, the highest level since 1982. After noting that real wage earnings, “which are negative,” Richardson said whatever wage increases the media has been propping up as a bellwether for a peachy economy was driven by “labor shortages.” Richardson then dropped the hammer: “The economy — and this is an important point —...

Recently, the White House claimed that the Biden Administration created more jobs (per month) than Trump, Obama, George W Bush, George HW Bush, Clinton and Reagan. It always helps to be elected President after a recession when the economy naturally snaps back from the economic doldrums (like Obama after the financial crisis, Clinton after the first Gulf War, Reagan after Carter). So let’s look at job totals under Trump, the COVID lockdowns, the ensuing economic damage, and the Biden “rebound.” In a brief two months in early 2020 thanks to COVID and lockdowns, the US economy lost 22.362 MILLION jobs....

Larry Kudlow, a former economic adviser to former President Donald Trump, shared his reactions Friday night to the federal government’s jobs report for December, which was released earlier in the day. During an appearance on "The Ingraham Angle," Kudlow agreed with host Laura Ingraham’s assertion that President Biden largely benefited from actions taken in Republican-led red states to keep the economy on track as the coronavirus pandemic continues. Biden placed his own spin on the data, stressing a decline in unemployment instead of the fact that new hiring fell far short of expectations.

Social media users on Friday balked at a graphic the White House posted online that claimed President Biden has created far more jobs than any other commander-in-chief. Ever," the post boasted. The graphic – which appeared on Twitter, Instagram and Facebook – was posted just hours after a disappointing jobs report showed hiring had fallen far below expectations in December. While the numbers from the U.S. Bureau of Labor Statistics appeared to be accurate, the raw data failed to show important context.

CNN just can’t catch a break in its crusade to spin President Joe Biden’s atrocious economy in a way that benefits his image. The Bureau of Labor Statistics released an awful jobs report showing that the economy only added a “dismal” 199,000 jobs against a 422,000 projection by economists. That’s a miss of 223,000. The labor force participation rate remained stagnant from November at a low 61.9 percent. CNN scrambled to spin the news in it’s write-up headlined, “Jobs disappoint in December, but unemployment falls to 3.9%.” After conceding that the “fewest jobs added in any month of 2021” was...

President Biden on Friday shrugged off the worst jobs report of his presidency as the U.S. economy added less than half the number of jobs expected in December amid a massive surge in COVID-19 cases. Mr. Biden showed up about an hour late for his speech and emphasized the report’s lone bright spot, that unemployment dropped slightly to 3.9% in December from 4.2% in November, even though economists say that reflects fewer people seeking work. “Today is a historic day for economic recovery,” Mr. Biden said, calling the drop the sharpest one-year drop in U.S. history. “I would argue that...

The November jobs report is out and the highlight is that US Average Hourly Earnings GREW at a rate of 4.7% YoY. Unfortunately, inflation is still raging resulting in REAL US Average Hourly Earnings DECLINING at a rate of -1.71% YoY. REAL US home price growth is slowing and is at 12.856% YoY as REAL average hourly earnings slowed to -1.7094% YoY. The lowlight of the November jobs report is that only 199K jobs were added versus the 450K jobs expected to be added. At least the unemployment rate fell to 3.9%. Yes, REAL wage growth and REAL home price...

President Biden and Democrats are counting on a resilient U.S. economy to deliver a strong December jobs gain Friday when the Labor Department releases its monthly employment report. With COVID-19 cases surging and Biden’s approval falling, the December jobs report could provide a sorely needed boost to the president’s attempts to soothe concerns about snags in the economic recovery.

A record 4.5 million Americans voluntarily left their jobs in November, pushing the quits rate to 3%, matching the high from September, according to the Bureau of Labor Statistics.Workers particularly quit jobs in the hospitality industry as well as health care. The number of job leavers in transportation, warehousing and utilities also increased.Including layoffs and discharges, the number of total separations was 6.3 million.

Growth in U.S. manufacturing slowed in December to an 11-month low with companies still combating supply chain problems. The Institute for Supply Management, a trade group of purchasing managers...

After nearly a full year of massive, consecutive monthly increases in job openings as employers scrambled to find qualified workers, today the BLS reported that in the past few months, the number of job openings in the US finally reached a peak, and reversed materially in November, when the latest JOLTS Job Openings and Labor Turnover data showed the biggest drop since the peak of the covid Pandemic, as a whopping 529K job openings were lost in November, the most since the 1.139 million jobs lost in April 2020. Still, even with the big drop, the total number of job...

Why don't the union bosses in America represent their union members anymore? Could it be because the union leadership has become more beholden to the Democratic politicians in Washington than the rank-and-file workers who pay the dues? We saw an example of this betrayal of the workers not long ago when the United Association of Union Plumbers and Pipefitters brass endorsed Joe Biden for president -- even though Biden openly opposed all fossil fuels and wanted to end the building of pipelines. Talk about selling the rope to the hangman. The union bosses acted surprised that Biden's first act as...

It appears burnt-out junior bankers aren’t the only white-collar workers who have seen their compensation improve over the past 12 months. According to a report published in Sunday’s Wall Street Journal, America’s salaried employees are finally seeing wage gains commensurate with those experienced by (often lower-paid) hourly workers. Citing data from the US Bureau of Labor Statistics, American professionals toward the end of this year saw their compensation jump at the fastest rate in nearly 20 years. Though that’s still slower than the pace of headline inflation, which is running at a YoY rate of nearly 7% according to the...

Preface: I am not looking for medical advice or help in decision making. Just venting and hoping to get an idea of how other folks in my situation are making out or how they are preparing. So… my job has a strict vaccine mandate that is set to start Jan 4th. Basically, if I don’t load my card into the HR system which collects these, I will be fired from my job on Jan 5th… no severance. My religious exemption, originally approved at first, was ultimately denied, and they are not allowing exemptions for remote workers (like me), nor periodic...

President Biden on Wednesday touted the number of unemployment insurance claims, stating that the number represents one of the strongest jobs recoveries ever. “Today, we received further evidence that our jobs recovery is one of the strongest ever. The average number of Americans filing for unemployment over the last four weeks is now at its lowest level since 1969,” Biden said in a statement. The four-week moving average for claims fell by 16,000 to 203,750, the lowest level since Nov. 15, 1969. New applications for jobless aide rose slightly last week, totaling 206,000, an increase of 18,000 from the previous...

Here we go again. The latest scheduled round of minimum-wage increases, to $15 per hour ($14 for small companies), starts Jan. 1. It hasn’t even gone into effect, yet calls are going out for a $18 wage. Why not $28? Or $58? Or $118?Joe Sanberg, identified by the Sacramento Bee as a “Los Angeles anti-poverty activist and entrepreneur,” is working to put on the November 2022 ballot an initiative that would boost the minimum wage to $18 by 2025. Actually, a real, “anti-poverty activist” is anyone who favors America’s free-market system that has produced all the wealth in this country,...

Amtrak will be cutting some services because of staff shortages due to the COVID-19 federal vaccine mandate, according to testimony given to Congress on Thursday.Amtrak President Stephen Gardner told the House Transportation subcommittee in a written testimony (pdf) that 94 percent of the company’s staff members have been fully vaccinated while 96 percent have received at least one dose of the vaccine.“However, because many engineers, conductors and on-board service employees retired or left Amtrak during the pandemic, and we temporarily halted hiring due to funding uncertainty and covid-related distancing requirements that inhibited training, we anticipate that we will not initially...

<p>I crunch the numbers several ways and conclude between 150,000 and 450,000 people will lose their job over Mayor Bill de Blasio's vaccination requirement for all NYC workers.</p><p>According to Joe Borelli, NYC Council Minority Leader, 45% of blacks, 40% of whites, and 30% of Hispanics will be ineligible and legally barred from working in New York City in 20 days.</p>

Jen Psaki Confronted With Poor Jobs Report Live On MSNBC, Says She Can’t Comment Right Away"Well, I know this sounds a little archaic, but I can't comment on them until 9:30, by rules, because I work at the White House," Psaki responded. "What I will say is people can expect the president to continue to say, today, month to month, is that what we’re seeing are good trends, that we are continuing to put people back to work, that we are continuing to see participation in the workforce, that we are continuing to see the unemployment rate go down, but...

CNN is adding to its long list of “L’s.” It tried to get out in front of the Bureau of Labor Statistics (BLS) spinning the jobs recovery as robust before the actual jobs report dropped. CNN published a story early Dec. 3 celebrating in its lede paragraph that “[t]he US jobs recovery has picked up steam again in the final months of the year, bringing some good news in the face of persistently rising prices and a new Covid variant.” It praised how “[e]conomists polled by Refinitiv expect another sizable jobs gain in Friday's November employment report — 550,000 positions.”...