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Keyword: employment

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  • The Town-Gown Connection (What makes American cities grow?)

    09/09/2012 2:57:41 PM PDT · by 2ndDivisionVet · 5 replies
    What makes cities grow? This question is the subject of countless magazine articles peddling lists of “best cities” and is fodder for consulting firms looking to sell advice. But in reality, the most reliable measure of a city’s future health is whether employment is expanding or contracting. Declining cities are not home to growing businesses that need people. Only true believers in the come-back story would move to Detroit, Cleveland, or Buffalo right now — the three big cities with the highest unemployment rates in the nation. So what features of a city correlate with expanding employment? The index-making experts...
  • Why Men Will Never Fully Recover From The Great Recession

    09/09/2012 6:17:29 AM PDT · by blam · 93 replies
    TBI ^ | 9-9-2012 | Ashley Lutz
    Why Men Will Never Fully Recover From The Great Recession Ashley LutzSep. 8, 2012, 9:46 PM The recession affected men's careers the most, and the workplace will never be the same. But men will never fully recover because the bad economy simply expedited something that had been happening for years, according to Hanna Rosin's new book The End of Men: And the Rise of Women. Rosin explains in her book: In the Great Recession, three-quarters of the 7.5 million jobs were lost by men. The worst-hit industries were overwhelmingly male and deeply identified with macho: contruction, manufacturing, high finance. Some...
  • [Sr. Obama campaign aide] Hillary Rosen: Being Out of a Job Is a Good Thing

    09/08/2012 2:11:41 PM PDT · by 2ndDivisionVet · 16 replies
    Breitbart's Big Government ^ | September 8, 2012 | William Bigelow
    Hilary Rosen, the Obama strategist who infamously disparaged Ann Romney back in April, saying Romney never worked a day on her life, had a quite different take on the new unemployment numbers for August, which showed that the labor participation in the United States was at a 31 year low. Rosen tweeted: Entrepreneurs and self employed leave the "work force". That is a hopeful thing. People leaving aren't necessarily bad. That’s just dandy....
  • JP MORGAN: Global Growth Is Bottoming

    09/08/2012 7:11:20 AM PDT · by blam · 11 replies
    TBI ^ | 9-8-2012 | Matthew Boesler
    JP MORGAN: Global Growth Is Bottoming Matthew BoeslerSep. 8, 2012, 8:35 AMYesterday's jobs report highlighted weakness in the U.S. economy. Europe is sinking deeper into recession, though the ECB has momentarily stabilized financial markets. Fears of a hard landing in China are rising fast as economic data continues its downward trajectory. JP Morgan economists Bruce Kasman, David Hensley, and Joseph Lupton, however, say it looks like we've reached a bottom, and they expect global economic growth to stabilize shortly. In a note to clients, they write: With this week’s August PMI release and new information on July activity, the DFM-Eco...
  • Need Some FReeper Help RE: Unemployment Reporting U3 & U6

    09/07/2012 11:52:27 PM PDT · by Mad Dawgg · 10 replies
    Sept. 08 2012 | Me (Mad Dawgg)
    When did the BLS start reporting Unemployment using the U3 Tables? Was there a time when Unemployment was reported as just people out of work? (More like the U6 tables) I need to know for some stuff I am writing but I can't seem to find anything credible when I Google such. Thanks in advance for your consideration.
  • White House: ‘Important Not To Read Too Much Into’ One Monthly Jobs Report

    09/07/2012 11:04:42 AM PDT · by Perdogg · 54 replies
    The White House says that the August jobs report shows that the nation is continuing to recover, despite more Americans giving up their job search. Alan Krueger, chairman for the White House Council of Economic Advisers, writes in The White House Blog that it is “important to not read too much into” just one monthly jobs report.
  • GOLDMAN: Bad Jobs Report Puts Odds Of QE Next Week Above 50%

    09/07/2012 6:05:37 AM PDT · by blam · 61 replies
    TBI ^ | 9-7-2012 | Joe Weisenthal
    GOLDMAN: Bad Jobs Report Puts Odds Of QE Next Week Above 50% Joe WeisenthalAugust 7, 2012 BOTTOM LINE: With today’s August employment report showing a nonfarm payroll gain of 96,000 and an unemployment rate of 8.1% because of a drop in the participation rate, we expect a return to unsterilized and probably open-ended asset purchases at the September 12-13 FOMC meeting. MAIN POINTS: 1. We now anticipate that the FOMC will announce a return to unsterilized asset purchases (QE3), mainly agency mortgage-backed securities but potentially including Treasury securities, at its September 12-13 FOMC meeting. We previously forecasted QE3 in December...
  • Homeless Man, Who Handed Out Resumes, Gets Hired By Roofing Company

    09/06/2012 12:34:23 PM PDT · by BenLurkin · 40 replies ^ | September 6, 2012 8:56 AM
    LOS ANGELES ( — Christopher Boyd, a homeless Los Angeles man who handed out his resume alongside LA freeways, has been hired. The 44-year-old is working for Jack The Roofer in Simi Valley for a week and then will work full time for JB Wholesale, a Los Angeles roofing and building supply company who works with Jack The Roofer. Boyd was spotted along the freeways handing out flyers listing his skills ranging from marketing, property management, construction to professional driving. “I’ve been all over LA,” Boyd said last month. “I got tired of going to interviews, going places and not...
  • Christians should 'leave their beliefs at home or get another job'- cross not required by scripture

    09/04/2012 7:08:29 AM PDT · by Cincinatus' Wife · 62 replies
    Telegraph - UK ^ | September 4, 2012 | Bruno Waterfield
    Landmark cases, brought by four British Christians, including two workers forced out of their jobs after visibly wearing crosses, have been heard today at the European Court of Human Rights David Cameron, the Prime Minister, has previously pledged to change the law to protect religious expression at work but official legal submissions on Tuesday to Strasbourg human rights judges made a clear “difference between the professional and private sphere”. James Eadie QC, acting for the government, told the European court that the refusal to allow an NHS nurse and a British Airways worker to visibly wear a crucifix at work...
  • The Low-Wage Jobs Explosion

    09/02/2012 7:46:34 PM PDT · by Nachum · 32 replies
    CNN/Money ^ | 9/2/12 | Tami Luhby
    NEW YORK — Sure, the economy is adding jobs these days…but most of those positions pay pretty poorly. Some 58% of the jobs created during the recovery have been low-wage positions, according to a new report by the National Employment Law Project. Only 22% have been mid-wage jobs and 20% higher-wage positions. These low-wage jobs pay $13.83 an hour or less. “The recovery continues to be skewed toward low-wage jobs, reinforcing the rise in inequality and America’s deficit of good jobs,” said Annette Bernhardt, NELP’s policy co-director. “While there’s understandably a lot of focus on getting employment back
  • Bad News for Black Families

    09/03/2012 2:43:12 AM PDT · by Cincinatus' Wife · 24 replies
    The American Thinker ^ | September 3, 2012 | Keith Riler
    When we assess the President's post-election performance and the effects of his redistributive and regulatory policies, we find that, like a falling tide, he is sinking everyone. We also find that although Barack Obama has hurt all American families, he has hurt black families most of all....... [SNIP] The man is ill-suited for the job. He scores unemployment, weeks unemployed, food stamps, and black illegitimate births, and near the bottom or tied for last in black unemployment, months of 12%-plus black unemployment, and children below the poverty line. Barack Obama has crushed the business and hiring climate. What's left...
  • Study questions if Connecticut emerged from recession

    08/31/2012 3:29:35 PM PDT · by matt04 · 13 replies
    New data shows Connecticut's economy was damaged more severely than most economists originally thought in the last recession, according to a provocative new report released Wednesday by the University of Connecticut's economic think-tank. The latest analysis from the Connecticut Center for Economic Analysis warned the state "has an even steeper hill to climb" and could see little or no net job growth over the next 18 months, a grim prospect as Gov. Dannel P. Malloy looks ahead to a re-election campaign in 2014. And the study suggested that the state technically might still be in a recession. The center also...
  • St. Jude Medical [300] layoffs a move to offset pressure of medical device tax [Obamacare tax]

    08/31/2012 10:28:41 AM PDT · by mr. mojo risin · 4 replies
    MeCity News ^ | August 31, 2012 | A. Parmar
    Excerpt: "On Thursday, St. Jude Medical (NYSE:STJ) announced that it was laying off 300 people and organizing its four businesses under two operating units. The move, the Minnesota medical device maker stated, was expected to save $50 million to $60 million in pre-tax operational expenses annually. Two analysts saw the layoffs as a measure to offset the imminent pressure of the 2.3 percent medical device tax. “While public companies should always be looking at ways to save money, it is notable that the $50-60 million in expected 2013 savings is in the same ballpark as our 2013 estimate of $62...
  • United Technologies announces job cutbacks in Connecticut

    08/24/2012 8:19:29 PM PDT · by matt04 · 7 replies
    United Technologies announced last week that it plans to cut 150 salaried positions around the world, including 70 white-collar jobs at UTC Aerospace Systems, formerly Hamilton Sundstrand, here. The company is cutting 150 salaried positions globally, according to a news release. But locally, the 70 cuts will be on top of 130 blue collar machinist jobs the company is hoping to eliminate through buyouts and layoffs as part of job cuts first announced in 2011. The first 80 machinist jobs were already cut through attrition, according to a news release from the company. Anthony J. Walter, president of Local Lodge...
  • Vatican Win: Judge Says Priests Aren't Employees

    08/21/2012 6:59:22 AM PDT · by marshmallow · 12 replies
    Associated Press ^ | 8/20/12 | Nigel Duara
    PORTLAND, Ore. (AP) -- The Vatican won a major victory Monday in an Oregon federal courtroom, where a judge ruled that the Holy See is not the employer of molester priests. The decision by U.S. District Court Judge Michael Mosman ends a six-year question in the decade-old case and could shield the Vatican from possible monetary damages. The original lawsuit was filed in 2002 by a Seattle-area man who said the Rev. Andrew Ronan repeatedly molested him in the late 1960s. The plaintiff tried to show that Ronan and all priests are employees of the Vatican, which is therefore liable...
  • Women should stay out of workforce (Letter to Editor)

    08/20/2012 4:24:15 AM PDT · by rightwingintelligentsia · 77 replies
    Washington Observer-Reporter ^ | August 14, 2012 | Donn C. Drummond
    Prior to World War II and immediately thereafter, most married women in this country worked in their homes raising their children and keeping house. Then during the late 1960s, radical feminists encouraged young women to set aside their traditional family roles as homemakers, helpmates, child nurturers and husband civilizers for something trumpted as much more rewarding. Women were told that being a stay-at-home mom was nothing more than enslavement perpetrated by their male chauvinist husbands. Forget family life and children. Women could be happy and achieve fulfillment by capably competing with men in the workplace for equal jobs with equal...
  • Julia’s mother: ...single mom better off with $29,000 job and welfare than ...a $69,000 job

    08/16/2012 7:49:47 AM PDT · by Perseverando · 27 replies
    American Enterprise Institute ^ | July 12, 2012 | James Pethokoukis
    The U.S. welfare system sure creates some crazy disincentives to working your way up the ladder. Benefits stacked upon benefits can mean it is financially better, at least in the short term, to stay at a lower-paying jobs rather than taking a higher paying job and losing those benefits. This is called the “welfare cliff.” Let’s take the example of a single mom with two kids, 1 and 4. She has a $29,000 a year job, putting the kids in daycare during the day while she works. As the above chart – via Gary Alexander, Pennsylvania’s secretary of Public Welfare...
  • Summertime Blues: Jobless Claims, Housing Starts and Consumer Comfort

    08/16/2012 7:32:16 AM PDT · by whitedog57 · 5 replies
    Confounded Interest ^ | 08/16/2012 | Anthony B. Sanders
    US Initial Jobless Claims rose last week to 366,000 from a revised (upwards) print of 364,000. Essentially, jobless claims are back to mid January levels. Housing starts fell to 746,000 in July from a revised print of 754,000 in June. But if you look closely at the data, 1 unit detached housing starts are flat (blue) while multifamily (5+) starts continue to accelerate (gold). We see a similar picture with building permits. Multifamily permits (gold) are skyrocketing. Single unit starts are increasing, but multifamily is the name of the game. So, we seem to be returning to a renter rather...
  • Employer Says She's Been Looking For A Year, Can't Find A Soul To Hire

    08/10/2012 12:48:46 PM PDT · by Macoozie · 53 replies
    AOL ^ | Aug 10, 2012 | Claire Gordon
    For the country's 12.8 million unemployed, it may seem like the jobs just aren't out there. The average jobless American is out of work, after all, for nine months. But a somewhat different lament is coming, increasingly, from the employer's end: They can't find good enough people to fill all their open jobs.
  • Don’t fire me, Obama says: ‘We’ve got too many jobs to create’

    08/09/2012 1:41:05 PM PDT · by matt04 · 62 replies
    resident Obama urged Colorado voters to support him today by citing, among others, the very reason that he remains a vulnerable incumbent. “[W]e’ve come too far to turn back now,” Obama said in Pueblo, Colo. “We’ve got too much more work to do. We’ve got too many good jobs we’ve got to create. We’ve got too many teachers we still need to hire. We’ve got too many schools we need to rebuild.” He also emphasized his belief in the renewable energy industry in Colorado, the need to support college students, and to disengage the military from foreign conflicts. If Obama...