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In his economic speech yesterday, President Obama made it clear that his administration will take a step forward on job creation. Unfortunately, it's also taking three steps backward -- which all adds up to more unemployment. The good news is that Obama understands why unemployment has risen so sharply. Media coverage strongly implies that joblessness has risen because layoffs are up -- but that's only part of the equation. The number of jobs lost by firms rose 15 percent from the start of the recession to the first quarter of this year. These layoffs are real and painful for the...

WASHINGTON -- The government agency charged with overseeing the economic-stimulus program says it doesn't plan to change its position that the package directly created or saved 640,329.17 jobs through September, despite its own admission and statements from the White House that the number is not accurate. Ed Pound, spokesman for the Recovery Accountability and Transparency Board, said that the number would not be changed. The Government Accountability Office, which is the investigative arm of Congress, issued a report last week saying that there were "significant issues to be addressed" in the accuracy of reports. The report said that "many entries...

While a slight improvement over last month's numbers, today's employment update from the Bureau of Labor Statistics presents a dismal picture for American workers. As policy makers search for the best remedies to strengthen our economic performance, they can't afford to overlook new firms and young firms. Unfortunately, in troubled economic times the language of recovery is too often tilted toward large, established companies or to "small businesses," a broad term that traditionally applies to businesses with fewer than 500 employees. The conventional wisdom is that such businesses account for half of the labor force and are therefore the engine...

WASHINGTON--Congressional Democratic leaders assert that several major pieces of pending legislation will create jobs. In fact, the bills are more likely to increase unemployment, already close to 10% and probably heading up. Tomorrow's Labor Department report on employment in September may tell us more. The "Big Three," touchstones of a Democratic agenda rooted in the belief that more government equals progress, are the "cap and trade" bill to reduce greenhouse gases, the House and Senate health-care reform bills, and the Employee Free Choice Act. All would, if enacted, cost the country jobs. Democrats should have no trouble passing these bills....

Nearly every day there's some statistic or factor that's bandied about to demonstrate why our economy continues to struggle. But in all the debates among economists and policymakers over the past few months, one group of people has been stunningly underrepresented -- and it's a group that may actually hold the key to economic recovery: entrepreneurs. The vast majority of new jobs during tough economic times are created by entrepreneurs, and since 1980, all net job growth has come from businesses less than five years old. Entrepreneurs nationwide know firsthand the transformative effect that starting a business can have on...

<p>One of the most enduring lies in American politics is the myth of small-business job creation.</p> <p>You probably know it by heart: Small businesses create 60, 70, even 80 % of all the new jobs in the USA.</p> <p>Back in the 1980s, I was a senior editor at Inc. magazine, where I worked on some of the articles in which some of the seeds of this myth were planted. Up to that point, there was a widespread tendency to conflate the success of the economy with the fortunes of big business, so it was rather useful to have some data highlighting the importance of small firms.</p>

This week, the White House released its first quarterly report on the American Recovery and Reinvestment Act, better known as the $787 billion stimulus bill. Reaction on Capitol Hill was swift: Republicans think it's a joke, while Democrats don't want to talk about it. The report was unveiled not by President Obama but by Vice President Joe Biden, who said it "shows early progress providing immediate financial relief for American families and jump-starting billions of dollars in job-creating projects." In a press release, Biden claimed the stimulus has so far "created or saved" 150,000 jobs, and that "over 3,000 transportation...

April 02, 2009 The Fallacious Notion of Job Creation By John Tamny "any country can have heavy unemployment if it is willing and able to pay for it." - Benjamin Anderson, Economics and the Public Welfare With unemployment presently on an upward tilt, politicians on both sides of the aisle have unsurprisingly made job creation their number one priority. It’s almost a tautology that politicians can’t create jobs, but this reality has not deterred them. President Obama has pointed to a near trillion dollar stimulus program as the path to creating over 3 million new jobs, while House minority leader...

Monday Brief Vol. 09 No. 08 23 February 2009 THE FOUNDATION "We hold these truths to be self-evident, that all men are created equal..." --The Declaration of Independence RE: THE LEFT We are "a nation of cowards," says Eric Holder "Hey, black folks, do you know any white folks? Good. OK, I want you to go up to them right now and, as politely as you can, start sharing your most deeply held racial views. Hey, white folks, you're not off the hook. I want you to go and do likewise with any black people you know. Don't want to...

I have worked in three venture capital firms over the past twenty-two years. First at Euclid Partners from 1986 to 1996, then Flatiron Partners from 1996 to 2004, and Union Square Ventures from 2004 until now. Between all three firms, I've been involved in the financing and development of about 200 companies in the past 22 years. Those 200 companies have, on average, created a couple hundred jobs each over the 5-10 year period of our involvement with them. So that's about 40,000 jobs in total that the three firms I've worked in have helped to create over the past...

A jury sentenced a Lakeview man to 10 years in prison for growing nearly 7,500 marijuana plants. Andrew Stever, 40, was sentenced on Monday after a three-day trial in the Federal District Court in Medford.Ten years is the mandatory minimum sentence for anyone convicted of growing 1,000 or more pot plants. In July 2007, officers from several local, state and federal agencies found 7,459 plants growing on Stever's Lakeview property, which bordered Forest Service land. Two men fled the scene, leaving behind personal property and three firearms, according to the U.S. attorney's office in Portland. Physical evidence and testimony linked...

The world sorely needs an economic revival. Where will it come from? If history is any guide, entrepreneurs will help lead the way. The truly radical or disruptive technologies and business processes that drive economic prosperity -- whether in information technology so far, or in clean energy in the years to come -- are most likely to be commercialized by entrepreneurial firms. Yet, as important as the formation and growth of new firms clearly are, there have been no officially sanctioned, internationally comparable entrepreneurship indicators. Until now. Last month, the Organization for Economic Cooperation and Development (OECD), working with the...

I was wondering if anyone has done a side by side comparison of bush to clinton in the way of number of jobs created, economy growth, poverty reduction, etc. I am tired of having to listen to people I work with call my president an idiot over this and what's going on in iraq and would like some ammo.

California continues to employ far more technology workers, pay higher wages and attract more venture capital than any other state. But the overall U.S. tech sector is also growing at a surprisingly brisk clip - for now. That's the conclusion of a highly anticipated annual report by AeA, formerly the American Electronics Association, the country's largest technology trade association. Researchers relied on data from the U.S. Bureau of Labor Statistics, mostly from 2006. According to the 2007 "Cyberstates" report, to be published Tuesday, the U.S. tech industry employed 5.8 million people last year - up 2.6 percent from 2005. The...

Everybody looks for a scapegoat. You would think that Americans who have lost jobs in the past year or so would be more likely to want to blame ...well, China. Everything else that goes on is blamed on China, right? But that is not the case. 52% of the general public thinks that severe job loss is due to China. Only 4% more of those who lost jobs this past year blame it on China. (56%) 33% of the public thinks moderate job loss is due to China. Compare to that 27% of those who lost jobs last year who...

Welcome, Wal-Mart Wal-Mart (has) grown from a single shop in a small Arkansas town into a world-wide colossus with 4,000 stores, 1.3 million employees, $245 billion in annual sales and 100 million customers each week. The company's success isn't built on exploiting. It's built on providing. Wal-Mart can't force anybody to work at its stores, nor can it force anybody to shop there. Through relentless cost-cutting and technological innovation, the company offers low-cost goods to consumers, jobs for willing employees and solid returns for shareholders. Yet Chicago...The City Council killed the prospect of a Supercenter in Chicago's South Side Chatham...

Hewlett-Packard Co. is the latest business to take advantage of the American Jobs Creation Act of 2004. HP announced that in the third and fourth quarters, it will repatriate $14.5 billion in cash from foreign earnings. As a result, it added, the company took a $988 million adjustment on an after-tax basis in the June quarter, primarily related to a tax adjustment resulting from this repatriation. HP Brings Home Money, but Not Jobs The timing of Hewlett-Packard's $14.5 billion repatriation is more than a little ironic. Stephen Taub, CFO.com August 18, 2005 Hewlett-Packard Co. is the latest business to take...

Buried within the good news in the recent U.S. job creation report is one sobering statistic: Unemployment among America's teenagers remains stubbornly high at 16%. Even more frustrating is that the jobless rate for African-American teens is close to 33%.... To be sure, many of these teens aren't aggressively searching for jobs.... But what seems equally clear is that teens and unskilled workers face barriers to entry when they attempt to join the job market for the first time. The scandal here is that these barriers are created in large part by liberal policymakers who claim to represent the best...

It is impossible that the Bush tax cuts of June 2003 contributed to relatively lower tax payments by the very richest Americans in 2002. But New York Times writer David Cay Johnston conveniently avoids this fact in his Sunday front-page article, “Richest Leaving Even the Rich Far Behind,” which used tax-payment data that ended in 2002 to extend the class-warfare argument. Is this just more garden-variety Bush-bashing from the newspaper of record? I’d also like to know why Johnston never mentions the fact that the wealthiest Americans suffered the most in the stock market plunge and asset deflation of 2000-02....

NEW YORK (Reuters) - Look for U.S. stocks to drift higher this week as optimism about the economy and earnings continues. But key data on the employment picture, auto and retail sales could trip up the market's momentum. The week is likely to get off to a slow start as investors return from a long holiday weekend. U.S. stock, bond and oil markets will be closed for the Memorial Day holiday on Monday. But activity will likely pick up when a slew of economic data hits traders' screens. Strategists thought the market's mood was improving going into June. "I would...

Unemployment in the United States appears set to fall next year by nearly 10 percent, the Christian Science Monitor reported Tuesday. And job creation looks robust, too. Employers are expected to create as many as 225,000 new jobs each month in 2005 to more than absorb the 125,000 who enter the job market every month, economists predicted. An informal survey of economists indicates that unemployment could fall from its current 5.4 percent to as low as 5 percent, a nearly 10 percentage point decline. "It may be the best year since 2000 in terms of the general job market," predicts...

First Quarter 2005 Industrial Spending Projected to Top $17 Billion in the Great Lakes Region Once again, as was the case for all four quarters in 2004, the power industry is leading the charge in both the number of projects planned and total dollars being spent. ------------------------------------- Texas Producer of SBR Elastomers Plans Major $100 Million Expansion ISP currently operates approximately 58 existing reactor vessels at the plant site ------------------------------------- Enbridge Begins Construction on New Natural Gas Pipeline in Texas Enbridge Energy Partners LP is a master limited partnership, which owns and operates crude oil, liquid petroleum, and natural gas...

The number of new jobs soared at the sharpest rate in seven months in October, with a surprisingly strong 337,000 jobs added to payrolls — twice the 169,000-job growth that Wall Street economists had forecast. The blockbuster number helped by a surge in construction activity as hurricane-wracked areas in the Southeast were rebuilt. Not only was October a strong month but the number of jobs created in the two prior months was revised up -- to 139,000 in September instead of 96,000 and to 198,000 in August instead of 128,000. Still, the unemployment rate (search) edged up to 5.5 percent...

BLOOMBERG JOBS STORY

If I understand it right, there are two things Kerry's Plans say will create jobs. The first involves closing a tax loophole and the other involves tax credits for companies that create a job. Now my two part question. Is the tax loophole Kerry plans to close the FICA tax? A number calulated based on some tax formula as a precentage of the workers gross income. (I may be incorrect about how FICA is derived but correct me if I'm wrong here) The second part is, if an American worker is paid 15 bucks an hour to do a job...

600 Jobs Arrive Lowe's dedicates its $75 million Poinciana Distribution Center. By Mike Grogan The Reporter mike.grogan@theledger.com POINCIANA -- Lt. Gov. Toni Jennings called it "a huge operation for Osceola County." PIERRE DUCHARME/THE REPORTER From left, Osceola County Commissioner Paul Owen, Lt. Gov. Toni Jennings and Kissimmee Mayor George Grant help dedicate the Lowe's Osceola County Regional Distribution Center in Poinciana. Osceola County Manager Ed Hunzeker praised it as, "A wonderful addition to our county, that is bringing good-paying jobs and a history of good corporate citizenship to the area." They were both referring to the more than 1.3-million-square-foot Lowe's...

WASHINGTON (AP) - President Bush has signed a sweeping rewrite of corporate tax law, providing $136 billion in new tax breaks for businesses, farmers and other groups. ------------- Statement on H.R. 4520, the American Jobs Creation Act of 2004 October 22, 2004 STATEMENT BY THE PRESS SECRETARY The President today signed into law: H.R. 4520, the "American Jobs Creation Act of 2004," which repeals the extraterritorial income exclusion in current tax law; provides domestic manufacturing and other business tax relief, including energy-related tax credits; allows for itemized deduction of State and local sales taxes; provides for reform of tobacco subsidies;...

The broadcast networks on Friday night portrayed the gain of 96,000 jobs in September as bad news, but CBS was the most negative and most pointed in tying Bush's political health to the latest jobs report. "Tonight, where are the jobs?", Dan Rather demanded at the top of the CBS Evening News before driving home the political implications: "A disappointing report on the economy is out just weeks before the election." Rather asserted, in setting up his lead story, that "what's troubling is the number of jobs the economy did and did not create. CBS's Anthony Mason reports it's far...

http://news.yahoo.com/news?tmpl=story&u=/afp/20041008/bs_afp/us_economy_041008143917 HEADLINE: US generates 96,000 jobs in September, fewer than expected The United States announced unexpectedly weak jobs growth in September...

For education and discussion only. Not for commercial use. Oct 7 - A new report found that layoffs reached an eight-month high in September, while new hiring rose only slightly. Employment consulting firm Challenger, Gray & Christmas Inc. said companies announced 107,863 layoffs in September, 45 percent more than in August. The figure was the largest since January, when employers laid off 117,556 workers. Meanwhile, employers hired only 16,166 new workers, compared with 132,105 in August. The computer, transportation, telecommunications and consumer products industries were particularly hard hit by the cuts. "Historically, the period from September 1 through December 31...

MANCHESTER, NH - The economy continues to surge forward with 144,000 new jobs created in July and a drop in the national unemployment rate to 5.4 percent.  In spite of this positive momentum, the Kerry-Edwards campaign continues to discount the country's economic progress.  Governor Craig Benson said, "It's unfortunate for Senator Kerry that he voted against the very tax relief that today accounts for the fastest economic growth in 20 years, record homeownership and small business expansion.  While President Bush is creating opportunities for America's workers, Senator Kerry talks down our progress in hopes of concealing his dismal record of...

MANCHESTER, NH - The economy continues to surge forward with 144,000 new jobs created in July and a drop in the national unemployment rate to 5.4 percent. In spite of this positive momentum, the Kerry-Edwards campaign continues to discount the country's economic progress. Governor Craig Benson said, "It's unfortunate for Senator Kerry that he voted against the very tax relief that today accounts for the fastest economic growth in 20 years, record homeownership and small business expansion. While President Bush is creating opportunities for America's workers, Senator Kerry talks down our progress in hopes of concealing his dismal record of...

There is one problem with such thinking: virtually no one involved with presidential politics, and virtually no economist, believes it. Robert Barbera, chief economist at the brokerage firm of ITG/Hoenig, says that in his 30 years in the business, ''the notion that presidents create and lose jobs is the most grotesque mischaracterization of the economic backdrop'' that he has witnessed. The emphasis on jobs is likely to intensify during the campaign's final weeks, especially given that in August the Bureau of Labor Statistics reported the weakest monthly job totals in a year. The news, predictably, was treated as if the...

Rhetoric NARRATOR: “Millions of good jobs lost to plant closures and outsourcing. Yet President Bush protects tax breaks favoring corporations that move their headquarters overseas.” CHYRON: 2001-2004: 2.7 million manufacturing jobs lost. Source: U.S. Bureau of Labor Statistics, 2001-2004CHYRON: Bush protects breaks for corporations who move overseas. Source: Associated Press, 06/07/02 The Facts Kerry Team Supports, Understands Outsourcing“‘Kerry Is Not Against Outsourcing,’ Kerry Spokeswoman Stephanie Cutter Said.” (James Kuhnhenn and Ron Hutcheson, “Bush, Kerry Almost Meet In Iowa,” The San Jose Mercury News, 8/4/04)Jason Furman, Kerry Economic Policy Adviser: “John Kerry Recognizes That We Live In A Global Economy...

Total Employment up 1.87 Million during Bush Admin and Almost 4 mil since Jan. 2002 (from BLS Data) The question I set out to answer is: When the mainstream business press claims that "millions of jobs have been lost during the Bush Adminitration," is it true? The quick answer isn't "no," it's "Heck no!" Here's the proof (all are seasonally adjusted and retroactively take into account methodology changes during the past 4 years): - Total employment in the entire economy (June 2004) 139.660 million - Total employment in the entire economy (Jan. 2001) 137.790 million - Total employment in the...

CANTON, Ohio - President Bush, defending his record on the economy, told supporters Saturday in an Ohio town where job losses are a major issue that he has a four-year plan for peace and prosperity. "After four more years, the American economy will continue to be the strongest in the world," Bush said as his Democratic rival, John Kerry, campaigned in neighboring Pennsylvania. Bush said factors beyond his control, such as the Sept. 11 attacks and corporate scandals, were to blame for the country's economic problems over the past four years. He also said the economy was weakening when he...

On the heels of March's surge in job creation, a series of media-company financial reports in recent days indicate that help-wanted pages in newspapers are swelling again, further sign that the labor market has turned the corner. The New York Times Co.'s help-wanted ad revenue rose 11.1 percent in March compared with March 2003, company officials reported Monday. Employment ad revenue at Gannett Co., the nation's largest newspaper chain, leaped 22.9 percent for the quarter that ended in March, the company said this week. Nineteen of Knight Ridder Inc.'s 31 newspapers reported gains in recruitment ads in February, many of...

WASHINGTON, June 9 (Reuters) - Recent hiring in the United States is swelling the ranks in industries that pay more than the average income, U.S. Treasury Secretary John Snow said on Wednesday. When asked about the quality of the jobs now appearing after a long hiring dearth, Snow told the C-SPAN television network: "The analysis that we have indicates that the jobs that are being created are being created in the industries that pay above average." Pressed by a viewer on whether the jobs being created are comparable in terms of income to those lost under the Bush administration, Snow...

"John Kerry's economic pessimism is at odds with the reality that unemployment declined across the country in April. From Michigan to Florida to Missouri, the President's pro-growth policies are benefiting more and more Americans." -Steve Schmidt, Bush-Cheney '04 Spokesman New Jobs Are Being Created Across The NationIncreased Employment In 45 States. "From March to April, total nonfarm employment increased in 45 states, decreased in four states and the District of Columbia, and remained unchanged in one state. The largest employment increases occurred in Florida (+29,000), North Carolina (+20,700), Missouri (+20,000), Michigan (+19,300), Texas (+17,000), and California (+16,300). The largest...

MIDLAND, Mich. (AP) -- Eldon Enger is all ears when he's looking for frogs. The retired biology professor is a volunteer frog counter for the Michigan Department of Natural Resources. Each spring the department does a frog and toad census.

More than 60 years after Nevil Shute wrote his savvy novel about a British investment banker who struggles to restart a dormant shipyard in the midst of England's depression — the book should be required reading for MBA students — the need for work sits at the top of our national agenda. Indeed, as the 2004 election cycle revs up, the only thing that President Bush and Senator Kerry agree about is that today we are not creating enough new jobs. The question is, "Why not?" One obvious reason is that we are only now emerging from a recession. This...

<p>WASHINGTON -- U.S. companies sending computer-systems work abroad yielded higher productivity that actually boosted domestic employment by 90,000 across the economy last year, according to an industry-sponsored study.</p> <p>The analysis, one of the few that attaches detailed dollar values to offshore outsourcing's costs and benefits, was conducted for a coalition of business groups working to combat a growing backlash on Capitol Hill and in statehouses against the loss of U.S. jobs.</p>

Tiahrt advocates national sales tax to help create jobs Ken Vandruff A national sales tax is just one part of a package that U.S. Rep. Todd Tiahrt, R-Goddard, says will help prevent outsourcing of jobs overseas and aid the creation of jobs at home. Tiarht coupled the call for a national sales tax with the elimination of all income taxes. He says it will help make American products more cost-competitive in Europe and Japan. The congressman says he's seen research that shows that taxes make up 22 percent of the cost for everything made in this country. "People would have...

Kerry Brings Plan to Create 10 Million New Jobs to Missouri; Kerry to Campaign with Gephardt in Kansas City, Rally in Saint Louis 3/26/2004 10:50:00 AM -------------------------------------------------------------------------------- To: Assignment Desk, Daybook Editor, Politics Reporter Contact: Bill Burton of John Kerry for President, 202-712-3000 or bburton@johnkerry.com, Web: http://www.johnkerry.com News Advisory: One day after unveiling a bold proposal to create 10 million new American jobs, John Kerry will campaign at events in Missouri with Dick Gephardt tomorrow. Early Saturday, Kerry will be in Kansas City for a roundtable discussion with Missouri workers and employers about job creation and in the evening...

Text of Prepared Remarks by John Kerry Regarding 'Jobs First Economic Plan' 3/26/2004 12:21:00 PM -------------------------------------------------------------------------------- To: National Desk, Political Reporter Contact: Stephanie Cutter or Bill Burton, 202-712-3000, both of John Kerry for President, Web site: http://www.JohnKerry.com WASHINGTON, March 26 /U.S. Newswire/ -- Following is a text of remarks as prepared for delivery by John Kerry, regarding 'A Jobs First Economic Plan': Detroit, MI March 26, 2004 As Prepared for Delivery Before I begin, I couldn't be in this place, on this day, without saying a few words about the passing of a five-foot giant named Mille Jeffrey. Her...

Fact Sheet on John Kerry's Plan to Create 10 Million Jobs 3/26/2004 12:57:00 PM -------------------------------------------------------------------------------- To: National Desk, Political Reporter Contact: Stephanie Cutter or Bill Burton, 202-712-3000, both of John Kerry for President, Web site: http://www.JohnKerry.Com WASHINGTON, March 26 /U.S. Newswire/ -- The following fact sheet on John Kerry's plan to create jobs was released today by John Kerry for President: -- John Kerry's Plan to Create 10 Million Jobs -- The Most Sweeping International Tax Reform in Over Four Decades in Order to Encourage Companies to Create Jobs in America and Stop Shifting Jobs Overseas for Tax Reasons...

<p>WASHINGTON &#8212; President Bush and Democratic presidential candidate John Kerry are aggressively selling tax-cuts as part of their plans for ending the nation's longest hiring slump since the Great Depression, but it's not clear that either can cure what ails the U.S. job market.</p>

U.S. Seen Adding Nearly 3 Million Jobs Thu Mar 18, 2004 05:30 PM ET DETROIT (Reuters) - The U.S. economy is gearing up to add nearly 3 million jobs by the end of next year and unemployment will drop below 5 percent by the start of 2006, a team of University of Michigan economists said on Thursday. "We expect to see a strengthening of the jobs picture, with monthly gains in payroll employment exceeding 100,000 over the next several months and moving up from there through the summer months," Saul Hymans, one of the university's leading economic professors, said in...

For education and discussion only. Not for commercial use. Even before the dismal February job numbers came out from the Bureau of Labor Statistics, the Bush administration had started to promulgate on talk radio shows the notion that the most often cited employment survey was unreliable.  The libertarian commentator Neal Boortz was one of the first to take up this line, but the rest have followed.  Now the Heritage Foundation has tried to add academic support for this notion. There are two employment surveys, which have been diverging lately.  The Current Employment Statistics (CES) survey -- generally known as the...

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON Federal Reserve Chairman Alan Greenspan said Thursday that "employment will begin to increase more quickly before long," and that erecting protective trade barriers was not the answer to the nation's current worries about the loss of jobs to foreign competition. Wading into the hot-button political issues of job losses and Social Security, Greenspan said that erecting protectionist barriers was not the answer to foreign competition and that Congress would at some point have to address the problem of the pending retirement of 77 million baby boomers. He repeated his warning that Congress will...