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Keyword: jobless

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  • 8.2%

    07/06/2012 5:32:09 AM PDT · by rawhide · 47 replies
    Drudge ^ | 7-6-12
  • Gloom: Q1 GDP final at 1.9%, jobless claims at 386,000

    06/28/2012 11:57:34 AM PDT · by SeekAndFind · 1 replies
    Hotair ^ | 06/28/2012 | Ed Morrissey
    Two big economic indicators got released by the government today, including the final estimate of gross domestic product in Q1 of this year. The annualized GDP rate remained unchanged from the second (interim) estimate at 1.9%, well below 2011Q4′s 3.0%: Real gross domestic product — the output of goods and services produced by labor and property located in the United States --- increased at an annual rate of 1.9 percent in the first quarter of 2012 (that is, from the fourth quarter to the first quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the...
  • Weekly US unemployment aid applications decline but not enough to signal stronger hiring

    06/28/2012 5:46:11 AM PDT · by Perdogg · 19 replies
    The number of people seeking U.S. unemployment benefits fell last week, but the level of applications remains too high to signal a pickup in hiring. The Labor Department said Thursday that weekly applications fell to a seasonally adjusted 386,000. Thats down from 392,000 the previous week, which was revised up. The four-week average, which smooths week-to-week fluctuations, was mostly unchanged at 386,750.
  • US unemployment aid applications little changed at 387,000, suggesting hiring will stay weak

    06/21/2012 5:59:13 AM PDT · by Perdogg · 20 replies
    The number of people seeking U.S. unemployment benefits dipped last week but not by enough to indicate hiring will pick up. Weekly applications for unemployment aid declined by 2,000 to a seasonally adjusted 387,000, the Labor Department said. Thats down from an upwardly revised 389,000.
  • WaPo wonders: What will hundreds of thousands of job permits do to the economy?

    06/17/2012 6:29:39 AM PDT · by SeekAndFind · 52 replies
    Hotair ^ | 06/16/2012 | Ed Morrissey
    I asked the same question in an update to Erika’s post on Barack Obama's unilateral move to accommodate young illegal immigrants by refusing to deport them and issue them temporary work permits instead. With potentially as many as 800,000 new workers flooding into the system, what happens to the millions of Americans who can't find work now? The Washington Post wonders the same thing, and more: President Obama has just opened a floodgate of opportunity for young illegal immigrants in the United States, but could it squeeze the aspirations of legal Americans in the process? ...Under the new policy, as...
  • Weekly jobless claims drop after weekly upward revision (377,000 week ending 06/03/2012)

    06/07/2012 6:47:35 AM PDT · by SeekAndFind · 21 replies
    Hotair ^ | 06/07/2012 | Ed Morrissey
    The only thing more amusing than the weekly upward revisions in the initial weekly jobless claims are the media reports of significant drops afterward. Today's case in point is the "drop" to 377,000 from last week's 383,000, which got revised upward to 389,000 ... the 64th upward revision in 65 weeks: In the week ending June 2, the advance figure for seasonally adjusted initial claims was 377,000, a decrease of 12,000 from the previous week's revised figure of 389,000. The 4-week moving average was 377,750, an increase of 1,750 from the previous week's revised average of 376,000.The advance seasonally adjusted...
  • These Are The Reasons US Companies Are Terrified Of Hiring Right Now

    06/03/2012 6:29:45 AM PDT · by SeekAndFind · 21 replies
    Business Insider ^ | 06/03/2012 | AP
    NEW YORK (AP) Business has picked up. Yet American companies are too nervous to step up hiring. The economy seems so gripped by uncertainties that many employers have decided to manage with the staff they have. They aren't convinced their customer demand will keep growing. Or they worry that Europe's festering debt crisis could infect the global economy. Or they aren't sure what Congress will do, if anything, about taxes and spending in coming months. All that helps explain why U.S. employers added just 69,000 jobs in May, the fewest in a year and the third straight month of...
  • Wall St boosts QE3 expectations after May jobs data

    06/02/2012 6:32:33 AM PDT · by TigerLikesRooster · 22 replies
    Reuters ^ | 06/02/12 | Chris Reese
    Wall St boosts QE3 expectations after May jobs data By Chris Reese NEW YORK | Sat Jun 2, 2012 7:49am IST (Reuters) - Wall Street economists see an increased chance the Federal Reserve will launch another round of monetary stimulus to support the U.S. economy, following data showing jobs growth slowed markedly for a third straight month in May. The median of forecasts from 15 primary dealers - the large financial institutions that do business directly with the Fed - gave a 50-percent chance the central bank would eventually launch another round of quantitative easing, known as QE3. A similar...
  • Broader Jobless Rate Jumps to 14.8%

    06/01/2012 10:25:29 AM PDT · by SteelToe · 4 replies
    The Wall Street Journal ^ | June 1, 2012 | Phil Izzo
    The U.S. unemployment rate ticked up to 8.2% in May and a broader measure rose even more to 14.8%. But the increases belied a slightly positive trend. The increase in the jobless rate primarily came from people returning to the labor force. The unemployment rate is calculated based on people who are without jobs, who are available to work and who have actively sought work in the prior four weeks. The actively looking for work definition is fairly broad, including people who contacted an employer, employment agency, job center or friends; sent out resumes or filled out applications; or answered...

    Developing. Analysts expect to see 370K weekly claims. That would exactly be in line with last week's 370K. The number is one of the best high-frequency predictors of the economy and the market, so this is big. If this stays tame, it will do a lot to assure that things aren't deteriorating too badly. UPDATE: The number is 383K, a miss from an upwardly revised.
  • Weekly Jobless Claims Fall Slightly

    05/24/2012 6:42:07 AM PDT · by John W · 49 replies
    Reuters via FOX Business ^ | May 24, 2012 | Reuters
    New U.S. claims for unemployment benefits fell slightly last week, government data on Thursday showed, suggesting the labor market continues to expand at a moderate pace. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 370,000, the Labor Department said. The prior week's figure was revised up to 372,000 from the previously reported 370,000. Economists polled by Reuters had forecast claims unchanged last week. Claims have barely budged in the past four weeks indicating a marginal improvement in the pace of job creation after April's disappointing 115,000 gain in nonfarm payrolls.
  • Romney vows to lower jobless rate in first term to 6 percent

    05/23/2012 4:11:33 PM PDT · by Libloather · 34 replies
    The Hill ^ | 5/23/12 | Jonathan Easley
    Romney vows to lower jobless rate in first term to 6 percentBy Jonathan Easley - 05/23/12 02:01 PM ET Mitt Romney says his administration would lower the unemployment rate to 6 percent by the end of his first term. I can tell you that over a period of four years, by virtue of the policies that wed put in place, wed get the unemployment rate down to 6 percent, and perhaps a little lower, Romney says in a Time magazine interview. The 6 percent prediction is a bold claim that Romney will surely be held to by Democrats if hes...
  • High Unemployment: Structural or Cyclical? (Temporary or Permanent?)

    05/22/2012 4:22:33 AM PDT · by SeekAndFind · 7 replies
    RealClearMarkets ^ | 05/22/2012 | By Gary Burtless
    Unemployment is edging down, but the fraction of the unemployed who have been idle more than year remains near a record high. In the first three months of the year about 30% of the unemployed - more than 3.9 million people - had been jobless for a year or longer. Before the Great Recession the post-war record for long-term unemployment was set in Ronald Reagan's first term. Even at the worst stage of that slump, however, only about 14% of the unemployed were out of work for more than a year. The increase in long-term unemployment has raised the specter...
  • Obamas remarks on worst job growth: Did he end it or should he own it? ( FAIL!)

    05/21/2012 8:57:39 AM PDT · by Para-Ord.45 · 3 replies ^ | May 21 2012 | Josh Hicks
    WaPo tried HARD to vary the results in attempts to soften the disaster their messiah is but here`s the jobs numbers during their Presidencies, the only numbers that count: " Obama worse than Bush Bushs entire tenure: +11,400 jobs per month Obamas entire tenure: -14,300 jobs per month " .
  • U.S. jobless claims unchanged at 370,000

    05/17/2012 5:36:22 AM PDT · by John W · 47 replies ^ | May 17, 2012 | Jeffry Bartash
    WASHINGTON (MarketWatch) - The number of Americans who filed requests for jobless benefits was unchanged last week at 370,000, the U.S. Labor Department said Thursday. Claims from two weeks ago were revised up to 370,000 from an initial reading 367,000. Economists surveyed by MarketWatch had projected claims would fall to 365,000 on seasonally adjusted basis in the week ended May 12.
  • Another IncreaseJobless Claims, Another Adjustment to Last Week's #s-Make it Look Good for BO

    05/17/2012 5:37:55 AM PDT · by Reagan69 · 10 replies
    Marketwatch ^ | 05-17-12 | Jeffry Bartash
    The number of Americans who filed requests for jobless benefits was unchanged last week at 370,000, the U.S. Labor Department said Thursday. Claims from two weeks ago were revised up to 370,000 from an initial reading 367,000.
  • Long-Term Unemployment Benefits Expire For 93,000 Californians

    05/12/2012 12:52:46 PM PDT · by BenLurkin · 38 replies
    CBS) ^ | May 12, 2012 8:22 AM
    HARVARD HEIGHTS (CBS) Across the state Saturday, an estimated 93,000 Californians will join thousands of others whose unemployment benefits have run out. With Californias unemployment rate dropping to 11 percent, the states long-term unemployed will now qualify to receive for 79 weeks of assistance as opposed to the 99 weeks which were previously offered. Cristy Fajardo, reporting for CBS2 and KCAL9, spoke with Brenda Callahan-Johnson of Merced County Community Action, who says that a lot of people are unaware that they will be losing their benefits. A lot of these people are not gonna know that theyre not getting...
  • Have Republicans No Sympathy For the Jobless?

    05/12/2012 7:59:16 AM PDT · by CHRISTIAN DIARIST · 54 replies
    The Christian Diarist ^ | May 12, 2012 | JP
    Im a Republican. Im also a compassionate conservative. Thats why Im troubled by remarks this week by Maine Gov. Paul LePage suggesting that the unemployed are jobless by choice. To all you able-bodied people out there, he said, during a speech at his state party convention, Get off the couch, and get yourself a job. Well, I understand that the cost of providing unemployment benefits to Maines 51,000 jobless is taxing the states treasury. But, I simply dont believe that most of those out of work in the Pine Tree State including the able-bodied of whom LePage spoke prefer...
  • Bye bye unemployment benefits (states roll off the federal extended benefits program - 200,000 hit)

    05/11/2012 10:44:44 PM PDT · by Libloather · 45 replies
    CNN ^ | 5/11/12 | Tami Luhby
    Bye bye unemployment benefitsBy Tami Luhby @CNNMoney May 11, 2012: 3:17 PM ET NEW YORK (CNNMoney) -- More than 200,000 long-term jobless Americans will lose their unemployment checks this week, when eight states roll off the federal extended benefits program. Nearly half of them live in California, and the rest reside in Florida, Illinois, North Carolina, Colorado, Connecticut, Pennsylvania and Texas. The federal extended benefits program has provided the jobless with up to 20 weeks of unemployment checks after they've run through their state and their federal emergency benefits, which together last up to 79 weeks. But the extended benefits...
  • Blunt questions DOL media policy

    05/11/2012 3:26:15 PM PDT · by ding_dong_daddy_from_dumas · 8 replies
    Washington Examiner ^ | May 10, 2012 | Mark Tapscott
    "Does DOL believe that the new policy is consistent with the First Amendment? What precedents exist for forcing journalists to utilize government-owned systems and networks to report the news," Sen. Roy Blunt, R-MO, asked Secretary of Labor Hilda Solis in a letter today.
  • Heads up: Jobless benefits end for 230,000 this weekend

    05/11/2012 8:18:55 AM PDT · by SeekAndFind · 15 replies
    Hotair ^ | 05/11/2012 | Ed Morrissey
    Eight states will cut off long-term jobless benefits this weekend, which comes from an agreement in Washington to dial down the length of benefits from 99 weeks to 79. The move will add more than 230,000 to the numbers of those cut off in 19 other states, bringing the total this year to over 400,000 who have been dropped before the end of the 99-week provision. But Congress isn’t the only driving force behind the change. Thanks to the oddities of the jobs data, the federal formula for jobless funds have shut down the support: Most states provide 26 weeks...
  • Hostess sends layoff notices to all workers (more-than 18,000)

    05/07/2012 5:21:52 PM PDT · by MamaDearest · 108 replies ^ | May 7, 2012 | Rachel Feintzeig
    Hostess Brands Inc. on Friday sent out letters notifying its more-than 18,000 workers that they could be laid off in the next two months. The maker of Twinkies and Wonder Bread on Friday mailed out WARN Act notices to all of its employees, a Hostess spokeswoman confirmed to Bankruptcy Beat Monday. The federal WARN Act requires companies to give employees 60 days notice before closing a facility or ordering mass layoffs. However, sending the notices doesnt mean a company is definitely going to lay off the recipients.
  • Blacks in South L.A. Have A Bleaker Jobs Picture Than In 1992 [Except Millionaire Maxine Waters!]

    04/28/2012 5:23:10 PM PDT · by Steelfish · 24 replies
    LATimes ^ | April 27, 2012 | Ricardo Lopez
    Blacks in South L.A. Have A Bleaker Jobs Picture Than In 1992 Median income in South Los Angeles is lower now than during the 1992 riots, and the unemployment rate has reached even more dire levels. By Ricardo Lopez April 28, 2012 Two decades after the L.A. riots brought pledges of help to rebuild South Los Angeles, the area is worse off in many ways than it was in 1992. Median income, when adjusted for inflation, is lower. Many middle-class blacks have fled in search of safer neighborhoods and better schools. And the unemployment rate, which was bad at the...
  • Dem Rep: Jobless will vote for Obama to keep benefits flowing (Watch Video)

    04/27/2012 6:39:47 AM PDT · by SeekAndFind · 7 replies
    Hotair ^ | 04/27/2012 | Ed Morrissey
    Rep. Chaka Fattah's assertion on Al Sharpton's MSNBC show last night has received plenty of derision. Instapundit calls it "banking on the moocher vote", and Twitter pundit Keder derisively notes, 'Democrats would rather give you freebie "benefits" than do anything useful that might actually help you find a job. I know this may be hard for @TheDemocrats to understand, but the unemployed don't want "benefits", They want jobs.' Unfortunately, that may all be true, but that doesn't make Fattah wrong, either:CLICK ABOVE LINK FOR THE VIDEO “We’re headed in the right direction. Unemployment continues to drop and those people who...
  • U.S. jobless claims drop 1,000 to 388,000

    04/26/2012 5:39:05 AM PDT · by Reagan69 · 15 replies
    marketwatch ^ | 04/26/2012 | Jeffrey Bartash
    The number of Americans who filed requests for jobless benefits was virtually unchanged last week at 388,000, the U.S. Labor Department said Thursday, keeping claims near their highest level of 2012. Claims from two weeks ago were revised up to 389,000 from 386,000.
  • 53% of New Graduates are Jobless or Underemployed; Rude Awakening for Class of 2012

    04/25/2012 9:41:33 AM PDT · by SeekAndFind · 45 replies
    MISH's Global Economic Analysis ^ | 04/25/2012 | Mike Shedlock
    The USA Today reports graduating class of 2012 is in for a rude awakening as Half of new graduates are jobless or underemployed. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don't fully use their skills and knowledge. Young adults with bachelor's degrees are increasingly scraping by in lower-wage jobs — waiter or waitress, bartender, retail clerk or receptionist, for example — and that's confounding their hopes a degree would pay off despite higher tuition and mounting student loans. Median wages for those with bachelor's degrees are down from...
  • 1 in 2 new graduates are jobless or underemployed (and the idiots will still vote for Obama)

    04/24/2012 3:25:30 PM PDT · by tobyhill · 49 replies
    boston globe ^ | 4/23/2012 | (No) Hope Yen, Associated Press
    The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that dont fully use their skills and knowledge. Young adults with bachelors degrees are increasingly scraping by in lower-wage jobs waiter or waitress, bartender, retail clerk or receptionist, for example and thats confounding their hopes a degree would pay off despite higher tuition and mounting student loans. An analysis of government data conducted for The Associated Press lays bare the highly uneven prospects for...
  • Jobless Numbers Uneven In March; Lawmaker Calls For End To False Data

    04/19/2012 4:36:20 PM PDT · by Oldeconomybuyer · 3 replies
    CBS-TV Los Angeles ^ | April 19, 2012
    LOS ANGELES (CBS) The number of companies hiring in March plunged to the slowest pace in three months, renewing calls from at least one Southland lawmaker to revise the way the government tallies unemployment data. Some economists have chalked up the uneven gains in the job market to employers hiring spree at the start of the new year, but Rep. Duncan Hunter told KNX 1070 the numbers may not be calculated accurately. Under HR 4128, the California unemployment rate would jump from its current rate of 11.6 percent up to 13.4 percent, a number that Hunter said is more...
  • Jobless Claims Rise 13,000, Weather Warms and IMFs Lagarde Has Her Hand Out for More USA Gruel

    04/12/2012 9:14:20 AM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 04/12/2012 | Anthony B. Sanders
    April 12 (Bloomberg) More Americans than forecast filed claims for jobless benefits last week, a sign the pace of improvement in the labor market is slowing. Jobless claims increased 13,000 in the week ended April 7 to 380,000, the highest since Jan. 28, the Labor Department reported today in Washington. The median forecast in a Bloomberg News survey called for 355,000 claims. The number of people on unemployment benefit rolls and those receiving extended payments declined. On a non seasonally adjusted basis, oops! On the positive side, continuing jobless claims dropped on a SA basis. As my friend Rebel...
  • Jobless claims unexpectedly rise last week (up to 380,000)

    WASHINGTON (Reuters) - New claims for unemployment benefits rose last week to their highest level since January, a development that could raise fears the labor market recovery was stalling after job creation slowed in March. Initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 380,000, the Labor Department said on Thursday. The prior week's figure was revised up to 367,000 from the previously reported 357,000. Economists polled by Reuters had forecast claims falling to 355,000 last week. The four-week moving average for new claims, considered a better measure of labor market trends, rose 4,250 to 368,500. The...
  • US job market takes a break after hiring binge

    04/07/2012 8:08:08 AM PDT · by Oldeconomybuyer · 38 replies
    AP via Google News ^ | April 6, 2012 | By PAUL WISEMAN, AP Economics Writer
    WASHINGTON (AP) The U.S. job market took a breather in March after its best hiring stretch since the Great Recession. Still, few economists expect hiring to fizzle in spring and summer, as it did the past two years. And they blamed seasonal factors for much of Friday's disappointing report from the Labor Department. The report was also closely watched in political circles. If employers retreat on hiring, consumers could lose confidence in the economy and potentially dim President Barack Obama's re-election hopes. Government jobs, which declined by an average of 22,000 a month last year, fell just 1,000 in...
  • NFP Big Miss: 120K, Expectations 205K, Unemployment 8.2% (Election time number crunching)

    04/06/2012 5:51:53 AM PDT · by nhwingut · 13 replies
    Zero Hedge ^ | 04/06/12 | Tyler Durden
    March NFP big miss at just 120K. Unemployment rate declines from 8.3% to 8.2%. [SNIP] The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000.
  • US unemployment rate slips, but job creation slows

    04/06/2012 5:53:07 AM PDT · by tobyhill · 8 replies
    msnbc ^ | 4/6/2012 | staff
    The nation's unemployment rate dipped slightly in March, but the economy's job-creating engine slowed, raising concerns about the strength of the recovery. The Labor Department reported Friday that the economy generated 120,000 jobs last March, well below the 203,000 expected and breaking a streak of robust job reports since the beginning of the year. The unemployment rate fell to 8.2 percent from 8.3 percent in February.
  • Job Growth Loses Steam (Unexpectedly Bad!)

    04/06/2012 5:54:00 AM PDT · by TonyInOhio · 72 replies
    The Wall Street Journal ^ | 04/06/12 | Josh Mitchell etal
    WASHINGTONU.S. job growth slowed in March, and the labor force shrank, signaling that the economy could be losing momentum.Jobs outside of agriculture grew by 120,000 last monthhalf the number that the economy added the prior monththe Labor Department said Friday, marking the first time since November that job growth fell below 200,000. The unemployment rate, obtained by a separate survey of U.S. households, ticked down a tenth of a percentage point to 8.2%, but the drop resulted in part from fewer Americans seeking work.Economists surveyed by Dow Jones Newswires expected a gain of 203,000 in payrolls and for the jobless...
  • The Other 10.4 Million Jobs (That's how much we're short of getting back to a normal economy)

    03/25/2012 6:39:58 AM PDT · by SeekAndFind · 5 replies
    Townhall ^ | 03/24/2012 | Bob Beauprez
    The President has taken to bragging about the 3.7 million new jobs that have been "created" on his watch, but he conveniently has forgotten to mention that he's still 10.4 million jobs short of getting America back to anything resembling a normal working economy. For more than three years, the President has blamed his predecessor for the mess that he (Obama) "inherited."These are tired excuses, especially coming from a man who promised that his policies would not only fix the economy but would actually slow the rise of the oceans and "heal" the planet. Obama's finger pointing also ignores the...
  • Fixed The Daily Kos Jobless Claims Chart

    03/22/2012 9:00:49 AM PDT · by careyb · 1 replies
    The Hope For America ^ | 3/22/12 | Me
    Old: New: Any questions?
  • Senate rejects plan to open Arctic refuge to drilling

    03/13/2012 3:09:05 PM PDT · by Free ThinkerNY · 37 replies · 1+ views
    Associated Press ^ | March 13, 2012 | Sean Cockerham
    WASHINGTON _ The Senate on Tuesday resoundingly rejected a sweeping measure to open the Arctic National Wildlife Refuge and other protected areas to oil drilling, as well as to approve construction of the Keystone pipeline project. Tuesday's vote was the first time in four years that the Senate has voted on a measure including ANWR drilling, and it failed miserably.
  • Jobless Stats Reveal Disparities As economy Starts To Recover [9.8% Counting Given-Ups!]

    03/09/2012 10:49:29 AM PST · by Steelfish · 7 replies
    FoxNews ^ | March 09, 2012
    Jobless Stats Reveal Disparities As economy Starts To Recover March 09, 2012 While the Labor Department reports a surge in private-sector hiring and the nation's unemployment rate holding steady at 8.3 percent, a closer look at the numbers paints a less flattering picture of the country's post-recession growth. The latest report for February shows lingering economic disparities among different segments of the population. And, as has been the case for decades, the unemployment rate used by the Bureau of Labor Statistics does not tell the whole story. Counting only those Americans who are actively looking for work, the jobless rate...
  • Pat Robertson Backs Legalizing Marijuana

    03/08/2012 8:30:25 AM PST · by AnTiw1 · 277 replies
    Clem Britt/AP ^ | Jesse McKinley
    Of the many roles Pat Robertson has assumed over his five-decade-long career as an evangelical leader - including presidential candidate and provocative voice of the right wing - his newest guise may perhaps surprise his followers the most: marijuana legalization advocate. "I really believe we should treat marijuana the way we treat beverage alcohol," Mr. Robertson said in an interview on Wednesday. "I've never used marijuana and I don't intend to, but it's just one of those things that I think: this war on drugs just hasn't succeeded."
  • Jobless claims rise, but labor market healing

    03/08/2012 5:48:47 AM PST · by Perdogg · 59 replies
    <p>New claims for unemployment benefits unexpectedly rose last week, a government report showed on Thursday, but not enough to change perceptions that the labor market was strengthening.</p>
  • f it all comes down to jobs, who will prevail?

    02/21/2012 1:23:21 PM PST · by landsbaum · 6 replies · 2+ views
    Some say Its the jobs stupid, a variation of the prescient admonition of Bill Clintons 1992 election campaign. Well, if its all about the jobs, how will the incumbent Barack Obama fare against a Republican opponent, whoever that might be? Rep. Jim Jordan, chairman of the Republican Study Committee, makes a case that others have alluded to the vast number of Americans not counted among the official unemployed. The administration may be able to doctor the officially blessed data released monthly, but . . .
  • Report: Millions of jobless file for disability when unemployment benefits run out

    02/19/2012 10:19:32 AM PST · by Libloather · 31 replies · 2+ views
    Fox News ^ | 2/19/12
    Report: Millions of jobless file for disability when unemployment benefits run outPublished February 19, 2012 | Being unemployed for too long reportedly is driving people mad and costing taxpayers billions of dollars in mental illness and other disability claims. The New York Post reported Sunday that as unemployment checks run out, many jobless are trying to gain government benefits by declaring themselves unhealthy. More than 10.5 million people -- about 5.3 percent of the population aged 25 and 64 -- received disability checks in January from the federal government, the Post wrote, a 18 percent jump from before the...
  • US jobless claims brighten labor market picture (Weekly claims fall by 15,000 to 358,000)

    02/09/2012 6:33:07 AM PST · by SeekAndFind · 15 replies
    Reuters ^ | 02/09/2012 | By Lucia Mutikani
    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring a firming of the labor market. Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 358,000, the Labor Department said on Thursday. The four-week moving average for new claims, seen as a better measure of labor market trends, fell 11,000 to 366,250 - the lowest level since April 2008. Economists polled by Reuters had forecast new claims rising to 370,000. U.S. stock index futures slightly added to gains after the report, while Treasury debt prices eased. The dollar rose to a session...
  • Flashback Audio: Obama In 2004 Attacks Bush For Three Dismal Years of Job Losses

    02/07/2012 10:28:00 PM PST · by Nachum · 5 replies
    Weasel Zippers ^ | 2/7/12 | Zip
    Sounds more like 2004 Obama campaigning against 2012 Obama.
  • Big drop in unemployment rate for blacks (The BLS big lie, black unemployment drops 2.2% in 1 month)

    02/04/2012 6:04:09 AM PST · by tobyhill · 18 replies
    cnn ^ | 2/3/2012 | By Tami Luhby
    The unemployment rate for blacks fell more than 2 percentage points last month to its lowest level since March 2009. The drop puzzled economists, who cautioned that it's too early to say that a job market recovery for blacks is underway. The rate for African-Americans didn't budge at all in 2011, ending the year at 15.8%. The overall unemployment rate fell nearly a percentage point last year. But even at 13.6% for January, the unemployment rate for blacks is still far higher than the rate for other racial and ethnic groups, as well as the nation as a whole. The...
  • Jobless rate drops to lowest in almost 3 years

    02/03/2012 6:04:18 AM PST · by John W · 179 replies ^ | February 3, 2012 | news services
    The U.S. economy produced another solid month of job gains in January, offering a hopeful sign for hiring in the year ahead. Employers added a net 243,000 jobs last month, the Labor Department reported Friday. Thats higher than December, when employers added a net 200,000 jobs, and it marked the seventh straight month in which at least 100,000 jobs were created. That hasn't happened since 2005. The nations unemployment rate fell to 8.3 percent in January from 8.5 percent in the prior month. The unemployment rate has fallen for the past five months and is now at its lowest level...
  • January U.S. jobs rise 243,000; jobless rate 8.3% (are better times ahead?)

    02/03/2012 6:57:39 AM PST · by SeekAndFind · 19 replies
    Marketwatch ^ | 02/03/2012 | Jeffry Bartash
    <p>The U.S. economy gained 243,000 jobs in January and the unemployment rate slipped to 8.3%, the Labor Department said Friday. Economists surveyed by MarketWatch had forecast the U.S. would add 121,000 jobs last month, with a jobless rate of 8.5%. The private sector boosted payrolls by 257,000, led by large increases in manufacturing, professional services, leisure and hospitality and health care.</p>
  • Job news = good news? Not exactly

    02/01/2012 11:18:22 AM PST · by landsbaum · 5 replies
    The Register is reporting this morning that private employers added 170,000 jobs in January. So, isnt that good news? Well, probably for those 170,000 people, whoever they are. But economists tell us that, give or take, from 125,000 to 200,000 enter the job market monthly. That means . . .
  • Obama Grasps At Employment Straws

    01/09/2012 6:40:27 AM PST · by SeekAndFind · 7 replies · 1+ views
    Real Clear Markets ^ | 01/09/2012 | Louis Woodhill
    Supporters of President Obama should mail some straw to the White House. That way, if Obama wants to grasp at straws, he'll have something to use other than last Friday's Bureau of Labor Statistics (BLS) Employment Situation report. This report, which Obama bragged about as representing "steady progress", was actually terrible. The media tends to focus on the BLS "Establishment Survey", which produces the "Payroll Employment" numbers. This report showed an increase of 200,000 jobs from November to December. However, the Establishment Survey has become more and more skewed by questionable seasonal adjustments, and by the BLS's "Birth-Death Model", which...
  • Welfare Lines Overflow

    01/05/2012 12:34:41 PM PST · by WOBBLY BOB · 13 replies · 1+ views
    Growing numbers of New Yorkers seeking food stamps have created an unwelcome spillover effect at some of New York City's job centers: overcrowding that in some cases has grown so severe, benefits were jeopardized. The crush of people grew so large at one Brooklyn center in November that the Fire Department intervened and prevented anyone from entering the building.