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Keyword: jobsreport

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  • U.S. jobless claims hit 42-1/2-year low as labor market firms

    04/21/2016 8:59:13 AM PDT · by Nachum · 28 replies
    reuters ^ | 4/21/16 | Lucia Mutikani
    The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level since 1973, suggesting an apparent sharp slowdown in economic growth in the first quarter could be temporary. While another report on Thursday showed a mild weakening in factory activity in the mid-Atlantic region in April, manufacturers were fairly upbeat about business prospects in the next six months. This, together with labor market buoyancy bodes well for a pick-up in economic growth in the second quarter. "The labor market continues to improve. If the apparent slowing in GDP in the first quarter was truly a...
  • Janet Yellen sets jobs report floor at ... 100K?

    12/04/2015 8:18:08 AM PST · by SeekAndFind · 9 replies
    Hotair ^ | 12/04/2015 | Taylor Millard
    Federal Reserve Chair Janet Yellen made an interesting comment yesterday on today’s jobs report, suggesting the economy just needs to add around 100K jobs a month to be okay. Via Reuters: “To simply provide jobs for those who are newly entering the labor force probably requires under 100,000 jobs per month,” with anything above that helping “absorb” those who are unemployed, discouraged or had dropped out of the labor market, Yellen, who was speaking before Congress’ Joint Economic Committee, said in a question and answer session. That 100K number is much, much lower than the current 200K monthly average...
  • October Jobs Report Reality Check: America Still Isn't Working

    11/07/2015 11:15:54 AM PST · by SeekAndFind · 9 replies
    IBD via RCM ^ | 11/06/2015 | Investors Business Daily
    A strong employment report for October hasn't solved a conundrum that has persisted for five years: As jobs are created and the jobless rate falls, the number of Americans in the labor force keeps dropping. The Labor Department reported Friday that, including revisions from August and September, hiring was up a brisk 283,000 - about double the meager pace of recent months. Gains were widespread in industries, including business services, health care, retail, food services and even construction, suggesting a housing bounce. Average wages rose 0.35% to $25.20, indicating many workers got raises. We'd love to see 12 months or...
  • Fed in focus as jobs data looms

    10/02/2015 4:12:39 AM PDT · by expat_panama · 22 replies
    Yahoo Finance ^ | Fri, Oct 2, 2015 | Lionel Laurent
    LONDON (Reuters) - Gains for European and Asia stocks capped a wild week for financial markets on Friday, ahead of a key U.S. jobs report that could determine the chances of the Federal Reserve raising interest rates before year-end. Concerns about U.S. monetary policy and slowdown in emerging markets led by China have hit commodities markets and related stocks like Glencore and sent credit spreads wider this week in the wake of a summertime surge in volatility. An escalation of fighting in Syria, with Russian air strikes marking its biggest Middle East intervention in decades, has so far failed to...
  • Jobs up only for immigrants, +14,000, down 262,000 for 'native-borns'

    10/02/2015 9:26:53 AM PDT · by b4its2late · 12 replies
    Washington Examiner ^ | 10/2/15 12:13 PM | Paul Bedard
    For a third month in a row, native-born Americans saw their job numbers tumble while immigrants experience solid gains. According to the montly Bureau of Labor Statistics numbers just released, "foreign-born" jobs numbers increased by 14,000, while those for "native-born" Americans fell off a cliff, by 262,000. Over the past three months, the job numbers for native-born have dropped by nearly 1 million, exactly the number of jobs President Obama promised to add when he ran for re-election in 2012. During that period, jobs for immigrants grew 218,000.
  • The American Economy is a RINO: Republican In Name Only

    10/03/2015 1:35:10 PM PDT · by Kaslin · 16 replies ^ | October 3, 2015 | Jeff Crouere
    For the past few years, the Obama lovers in the media have been boasting about the supposedly great economy Americans are enjoying. According to this fictitious narrative, Obamas strong leadership saved the economy and led to our recovery, but, in reality, we face today a RINO or Recovery in Name Only economy. The real economy was exposed in the September labor report. The country created only 142,000 new jobs, much less than expectations. This year, we are adding fewer than 200,000 new jobs each month, well below last years average of 260,000 new jobs per month. The so-called experts blame...
  • Big miss: U.S. added only 142K jobs in September

    10/02/2015 5:45:28 AM PDT · by John W · 28 replies ^ | October 2, 2015 | CBS/AP
    <p>The U.S. economy added only 142,000 jobs last month, the Labor Department said Friday. The unemployment rate remained unchanged at 5.1 percent.</p> <p>Analysts had forecast growth of a much more robust 206,000 jobs and an unchanged unemployment rate.</p> <p>Wages were flat in In September, with average hourly earnings at $25.09, following a 9-cent gain in August. Hourly earnings have risen by 2.2 percent over the year. Average hourly earnings of private-sector production and nonsupervisory employees were unchanged at $21.08 in September, the department said.</p>
  • Participation Rate Crashes To October 1977 Level: Americans Not In Labor Force Soar By 579,000

    10/02/2015 6:19:48 AM PDT · by SeekAndFind · 13 replies
    Zero Hedge ^ | 10/02/2015 | Tyler Durden
    While the September jobs number was an absolute disaster, here is the real punchline: in September, the people not in the labor force soared by a whopping 579,000 to a record 94.6 million, up from the previous record 94.0, even as number of people employed - according to the household survey used to calculate the "5.1%" unemployment rate - tumbled by 236,000 to 148.8 million.And as a result of this latest surge in people who aren't working, nor want to work, the participation rate crashed yet again, and sliding from 62.6% to 62.4%, it was the lowest since October...
  • 3.5 Million More Foreign-Born Workers Employed Since Obama Took Office

    10/02/2015 7:26:01 AM PDT · by markomalley · 21 replies
    Washington Free Beacon ^ | 10/2/15 | Ali Meyer
    There are 3,553,000 more foreign-born workers employed today than when President Obama took office in January 2009, according to data from the Bureau of Labor Statistics (BLS).There are currently close to 25 million foreign-born workers employed in the United States, and this number increased by 14,000 in September. In January 2009, when the president took office, there were only 21,928,000 foreign-born workers employed.The BLS does not distinguish between legal immigrants who are permitted to work here and illegal aliens in this data set.While the number of employed foreign-born workers is increasing, the number of native-born workers has declined. For the...
  • Wall St. Drops After Strong Jobs Report Spurs Fears of an Earlier Rate Increase by Fed

    03/06/2015 12:29:10 PM PST · by SeekAndFind · 37 replies
    New York Times ^ | 03/06/2015
    News of a burst of hiring last month sent bond prices lower and the dollar higher in early trading on Friday, while the stock market opened lower. Apple rose 1 percent after it was announced that the company would be joining the Dow Jones industrial average, replacing AT&T. AT&T fell 1 percent. KEEPING SCORE The Dow fell 0.98 percent and the Standard & Poors 500-stock index was down 0.85 percent. The Nasdaq composite index dropped 0.60 percent. MORE JOBS United States employers extended a healthy streak of hiring in February by adding 295,000 jobs, the 12th straight monthly gain above...
  • More Americans are finally seeing something new: A pay raise (per jobs report)

    02/06/2015 10:14:24 PM PST · by Olog-hai · 10 replies
    Associated Press ^ | Feb 7, 2015 12:05 AM EST | Josh Boak
    As the U.S. economy has steadily recovered from the Great Recession, the critical missing piece has been a painful lack of pay raises for many Americans. Their pain may be easing. Fridays jobs report signaled that raises have finally begun to flow through an economy in which, once you factor in inflation, most people earn less than when the Great Recession struck in 2007. The average hourly wage jumped 0.5 percent between December and Januarythe sharpest monthly gain since 2008the governments survey of businesses found. The average has now risen 2.2 percent over the past 12 months to $24.75, comfortably...
  • Transparency! Theres Far Less Than Meets the Eye in Novembers Jobs Report

    12/10/2014 7:50:41 AM PST · by SeekAndFind · 4 replies
    Pajamas Media ^ | 12/10/2014 | Tom Blumer
    On Saturday [1] at the Associated Press, aka the Administration’s Press [2], reporter Christopher Rugaber described the economy’s pickup of 321,000 payroll jobs in November as “booming.”Not so fast, pal.Even if you accept that November’s seasonally adjusted result fairly reflects the underlying reality — and it doesn’t, which will be shown shortly — it will only be “booming” once we see such a figure repeated for at least five more months. On a workforce-adjusted basis, the analogous post-recession period during Ronald Reagan’s presidency in the 1980s had a streak of 19 out of 20 months with an equal or...
  • Everything You Need to Know About Friday's Jobs Numbers

    10/04/2014 7:49:34 AM PDT · by Kaslin · 12 replies ^ | October 4, 2014 | Mike Shedlock
    Initial Reaction The payroll survey shows a net gain of 248,000 jobs vs. an expectation of 215,000 jobs. Last month was revised up by 69,000 to 180,000. The six-month string of plus 200,000 jobs remains broken. Last month the household survey had a gain in employment of only 16,000. That number was not revised up. This month the household survey shows a respectable gain of 232,000, pretty much in line with the establishment survey. Nonetheless the household survey over the past six months has been much weaker than the establishment survey. One or the other is apt for some serious...
  • Media Desperately Spinning Bad Jobs Report

    09/06/2014 10:52:10 AM PDT · by SeekAndFind · 16 replies
    Frontpage Mag ^ | 09/06/2014 | Daniel Greenfield
    Shockingly enough the numbers are bad and performing below the usual optimistic expectations. Just like every other time.I’ll just give you the headlines for a taste of how frantically the media is spinning the bad news. A Disappointing Jobs Report May Mask Economy’s Strength – NPRJobs Report: Not Good, but Not Terrible Either – New York TimesDon’t freak out about bad jobs report – Washington PostWhy weak August jobs report probably a fluke – MarketWatchThe Awful New Jobs Report Has One Silver Lining – New Republic It’s a fluke! There’s a silver lining! The bad news is really good news!...
  • The Insiders: This months jobs headlines dont tell the true story

    07/04/2014 6:03:26 PM PDT · by xzins · 9 replies
    Washington Post ^ | July 3 | Ed Rogers
    The headline of todays jobs report, that 288,000 jobs were created in the last month, is positive. At least, it is better than a poke in the eye with a sharp stick. However, as with most economic reports these days, there is a veneer of good news but when you look closer, the White House is using the positive headlines to hide the growing deterioration of the American workforce. Last month, 523,000 full-time jobs were lost, while 799,000 part-time jobs were added. Another way of looking at these numbers is that almost all of the 288,000 jobs created last...
  • Record Number of Americans Not in Labor Force in June

    07/03/2014 7:43:51 AM PDT · by Olog-hai · 13 replies
    Cybercast News Service ^ | July 3, 2014 - 8:48 AM | Ali Meyer
    The number of Americans 16 and older who did not participate in the labor force climbed to a record high of 92,120,000 in June, according to data from the Bureau of Labor Statistics (BLS). This means that there were 92,120,000 Americans 16 and older who not only did not have a job, but did not actively seek one in the last four weeks. That is up 111,000 from the 92,009,000 Americans who were not participating in the labor force in April.
  • June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993

    07/03/2014 7:16:30 AM PDT · by Zakeet · 11 replies
    Zero Hedge ^ | July 3, 2014
    Is this the reason for the blowout, on the surface, payroll number? In June the BLS reports that the number of full-time jobs tumbled by 523K to 118.2 million while part-time jobs soared by 799K to over 28 million! Looking at the breakdown of full and part-time jobs so far in 2014, we find that 926K full-time jobs were added to the US economy. The offset: 646K part-time jobs. Something tells us that the fact that the BLS just reported June part-time jobs rose by just shy of 800,000 the biggest monthly jump since 1993, will hardly get much airplay...
  • U.S. June Employment Report: 288,000 Jobs Added, Unemployment Rate Down to 6.1 Percent

    07/03/2014 6:57:14 AM PDT · by kristinn · 51 replies
    The New Orleans Times-Picayune ^ | Thursday, July 3, 2014
    Hiring over the past five months has been the strongest since the late 1990s tech boom as the economy added 288,000 jobs in June and the unemployment rate fell to 6.1 percent from 6.3 percent. The Labor Department says those gains follow additions of 217,000 jobs in May and 304,000 in April, figures that were both revised upward.
  • Game-changer Jobs Report?

    05/04/2014 10:10:24 AM PDT · by Kaslin · 18 replies ^ | May 4, 2014 | Larry Kudlow
    Does a solid jobs report change the overall economic picture and offer the beleaguered Democratic party a new leg up for the midterm elections? My answer is no and no. Even with all the political slicing and dicing that accompany these big reports, the April employment survey was a lot stronger than virtually anyone expected. Nonfarm payrolls surged by 288,000. Private payrolls gained 273,000. The unemployment rate registered a big decline, dropping from 6.7 percent to 6.3 percent. Some are arguing that lower unemployment is a function of 806,000 dropouts from the labor force. But that's a reach. In the...
  • Jobs Report Highlights Economic Problems In The Obama Economy

    02/08/2014 7:29:19 AM PST · by LD Jackson · 7 replies
    Political Realities ^ | 02/08/14 | LD Jackson
    Yes, this is the Obama economy. No matter how much Mr. "I'm the President" tries to deny it, he owns the economy in which we are living. The January jobs report was not a beacon of hope. In fact, it was really bad. The December jobs report was also in the tank. That makes two months in a row of very few jobs being created. Amazingly, the unemployment rate continues to tick down. We are being told it was because 115,000 unemployed workers found new jobs. What most of the media will not tell us is that 90,000 more unemployed...
  • Why a weak jobs report isnt as bad as it looks (spin cycle)

    02/07/2014 6:50:13 PM PST · by Olog-hai · 27 replies
    Associated Press ^ | Feb 7, 2014 5:05 PM EST
    Unemployment didnt just fall to a five-year low of 6.6 percent; it fell for the right reasons. Nearly 500,000 Americans poured into the job market last month, and 616,000 more people said they had jobs. Previous drops in the unemployment rate had occurred partly because many Americans gave up looking for work and therefore were no longer counted as unemployed. Factories, mines and construction firms hired at a healthy pace. These so-called goods-producing industries added 76,000 jobs in January, the most since January 2006. Hiring by goods producers is typically seen as a harbinger of an improved job market....
  • What this jobs report means for Dems and midterm elections

    02/07/2014 10:42:51 AM PST · by Rusty0604 · 12 replies
    CNBC ^ | 02/07/2014 | Ben White
    The soft January employment report showing a gain of just 113,000 jobs suggests that what Democrats hoped would be a big advantage in the midterm elections this falla rapidly strengthening economymay not materialize. Not even an economy creating hundreds of thousands of jobs a month would likely be enough to help take the House back for Democrats. But the party was hoping that an improved employment situation and faster growth would convince swing voters not to toss out vulnerable Democratic incumbents in Louisiana, Alaska and North Carolina or flip open seats including Montana, West Virginia and South Dakota to the...
  • The Excuse President

    10/23/2013 9:08:17 AM PDT · by Kaslin · 6 replies ^ | October 23, 2013 | Donald Lambro
    As President Obama nears the end of his fifth year in office, his toughest job is dreaming up new excuses for his administration's mounting failures. This month he is beset by multiple challenges to explain why the rollout of his massive national health insurance system is plagued by failures, and why job creation fell to another new low in his persistently weak economy. Obama and his White House excuse factory have come up with some doozies in the last week or so. The systemic breakdown in Obama's online health care insurance marketplace, they said, is due to Obamacare's huge popularity...
  • Oblivious: Washington DC Ignoring The Biggest Economic Transformation Of Our Lifetimes

    09/22/2013 3:55:00 AM PDT · by Kaslin · 29 replies ^ | September 22, 2013 | Austin Hill
    The jobs report looks good. The jobs report wasnt as bad as anticipated. There are fewer people working, but thats okay - the unemployment rate still dropped last month. Are you fed up with the U.S. federal governments spin and constant efforts to convince you that the labor market isnt as bad as it seems? At the beginning of each month, the U.S. Department of Labor tabulates the number of employment positions that were created the month before. Journalists and pundits are always eager to publicize what has come to be loosely known as the jobs report, with headlines that...
  • Is Obamacare Really Responsible for Rise in Part-Time Employment?

    08/16/2013 6:27:07 AM PDT · by Kaslin · 14 replies ^ | August 16, 2013 | Mike Shedlock
    Inquiring minds are digging into average weekly hours of workers looking for Obamacare effects on which to place blame. Average Weekly Hours Of Production And Nonsupervisory Employees Since this data series began in 1964, the average weekly workweek has been trending lower. Note the tendency following each recession. 1990-1998 is the only exception to the general rule that hours never recovered to the previous pre-recession level. Last Five Observations 2013-07: 33.6 Hours2013-06: 33.7 Hours2013-05: 33.7 Hours2013-04: 33.7 Hours2013-03: 33.8 Hours Lets' zero in to a tighter timeline for a closer look. The second chart shows that in spite of Obamacare,...
  • President Obama Versus President Everyone Else

    08/03/2013 4:51:26 AM PDT · by Kaslin · 4 replies ^ | August 3, 2013 | John Ransom
    Another month and another jobs report that's so bad its good. At least thats how Wall Street will look at it, because free money from the Fed will now continue. The economy added 162,000 jobs overall, well below the previous few months. Additionally wages and hours fell, meaning workers are bringing home fewer bucks. You'll likely hear that unemployment fell but that was largely due to people giving up looking for work. Obamas best tactic so far for combating unemployment has been to convince people that there is no work for them, and where possible, use legislation to discourage full-time...
  • Everything You Need to Know About the Jobs Report

    08/03/2013 5:36:58 AM PDT · by Kaslin · 14 replies ^ | August 3, 2013 | Mike Shedlock
    Initial Reaction The establishment survey showed a gain of 162,000 jobs. The previous two months were revised lower. The employment change for May revised down by 19,000 (from +195,000 to +176,000), and the employment change for June revised down by 7,000 (from +195,000 to +188,000). The unemployment rate dropped 0.2 to 7.4%. Explaining the Unemployment Rate Drop Employment rose by 227,000 of which 103,000 were part-time jobs.The Civilian Labor Force Declined by 37,000 even though population rose by 204,000.Those "Not in Labor Force" rose by 240,000.Participation Rate fell 0.1 to 63.4%, a mere 0.1 higher than the low of 63.3%...
  • Obamacare Killing Full-time Jobs Growth (81% Of Jobs Since March Were Part-time)

    08/02/2013 3:45:24 PM PDT · by whitedog57 · 14 replies
    Confounded Interest ^ | 08/02/2013 | Anthony B. Sanders
    According to the Bureau of Labor Statistics, July nonfarm payrolls (NFP) rose 162,000. Expectations were for 185,000 a big swing and a miss. Juness NFP was revised lower to 188,000. The unemployment rate fell from 7.5% to 7.4%. The rate dropped because the civilian labor force declined by 37,000 from 155,835 to 155,798. unemploymentrate080213 U6 unemployment, full-time and part-time unemployment rate, also fell slightly to 14%. u6un080213 Not in labor force increase by 240,000. notinfaborfore Labor force participation rate fell from 63.5% to 63.4%. lfp080213 And there are still greater than 11.5 million unemployed. unemployed080213 US Average Hourly...
  • Obamacare Full Frontal: Of 953,000 Jobs Created In 2013, 77%, Or 731,000 Are Part-Time

    08/02/2013 7:52:16 AM PDT · by SeekAndFind · 4 replies
    Zero Hedge ^ | 08/02/2013 | Tyler Durden
    When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America's conversation to a part-time worker society is not "tapering": according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only...
  • Stinking Jobs Report: 11.5 Million Still Unemployed, Part-time Jobs 77% of Jobs Created in 2013

    08/02/2013 7:06:04 AM PDT · by whitedog57
    Confounded Interest ^ | 08/02/2013 | Anthony B. Sanders
    According to the Bureau of Labor Statistics, July nonfarm payrolls (NFP) rose 162,000. Expectations were for 185,000 a big swing and a miss. Juness NFP was revised lower to 188,000. The unemployment rate fell from 7.5% to 7.4%. The rate dropped because the civilian labor force declined by 37,000 from 155,835 to 155,798. The rate dropped because the civilian labor force declined by 37,000 from 155,835 to 155,798. unemploymentrate080213 U6 unemployment, full-time and part-time unemployment rate, also fell slightly to 14%. u6un080213 Labor force participation rate fell from 63.5% to 63.4%. lfp080213 And there are still greater than 11.5...
  • NSA-IRS-M-O-U-S-E: Email Hate Mail

    07/28/2013 4:56:51 AM PDT · by Kaslin · 5 replies ^ | July 28, 2013 | John Ransom
    dhensley813 wrote: The city of Chicago really had no option but to curtail the benefits of retirees. It's not as bankrupt as Detroit, but it was getting there. Obamacare wasn't so much the reason the city cut retiree insurance, as the excuse it gave them to say that they weren't really being dropped. - Obama Solves Mass-Layoff Problem by Laying Off Mass-Layoff Statistics Guys at BLS Dear Comrade 813, I think they had no choice once they negotiated a contract that allowed retirees to have benefits that the city knew it couldnt afford. Thats outrageous enough. But to make matters...
  • Why Friday's Jobs Report Was Ominous

    05/06/2013 6:39:13 AM PDT · by SeekAndFind · 6 replies
    RCM ^ | 05/06/2013 | Louis Woodhill
    Attention. This is a test of progressive economic policies. This is only a test. If this were a real economic recovery, you would be seeing more jobs and higher wages. We repeat. This is only a test. _______________________ Friday's "Employment Situation" report from the Bureau of Labor Statistics (BLS) wasn't just bad, it was ominous. We're going to discuss what was ominous about it, and what progressive economic policies have to do with all of this. However, first, let's look at why the report was not good news. While most pundits have focused on the BLS Establishment Survey, which reported...
  • Me and My Old 'Gray Lady' Agree!!!!

    05/04/2013 4:12:07 PM PDT · by Noremac · 5 replies
    Blasted ^ | May 3, 2013 | Richard Cameron
    Another month and more foolishness in response to the bogus May jobs report. More complete falsehoods let's call them lies, from the Obama Administration, being swallowed happily by the mainstream media and the cattle herd on Wall Street. It's human nature to want to run with the crowd even if you are not sure where they're all running to. In the case of institutional investors - their 'Riverboat Gambler' instincts are taking over their rational minds. Some of them are going to get caught with their tails in a crack, because this bubble in securities is just that. And...
  • Breaking: Department of Labor might delay Friday jobs report until after the election?

    10/29/2012 9:46:41 AM PDT · by chessplayer · 20 replies
    The last big economic indicator left to see before the election is the October jobs report, which is due on Friday. Or is it? The Department of Labor suggested this morning that the jobs report might be a little, er delayed: The U.S. Labor Department on Monday said it hasnt made a decision yet on whether to delay Fridays October jobs report, the final reading on the labor market before next weeks federal elections. A Labor official said the agency will assess the schedule for all its data releases this week when the weather emergency is over. Theyre not...
  • Outrageous: Labor Department May Delay Jobs Report

    10/29/2012 1:01:59 PM PDT · by Justaham · 20 replies ^ | 10/29/12 | John Nolte
    The U.S. Labor Department on Monday said it hasnt made a decision yet on whether to delay Fridays October jobs report, the final reading on the labor market before next weeks federal elections. A Labor official said the agency will assess the schedule for all its data releases this week when the weather emergency is over.
  • Rep. Issa looking into September jobs report

    10/12/2012 2:15:38 AM PDT · by Mozilla · 16 replies
    World Net Daily ^ | 10/11/12 | Staff
    Fox Business Network reported on Thursday that Rep. Darrell Issa (R-Calif.) plans to hold hearings on the September jobs numbers, which showed the unemployment rate had fallen to 7.8 percent from 8.1 percent.
  • Jack Welch: I Was Right About That Strange Jobs Report

    10/10/2012 6:06:28 AM PDT · by Perdogg · 24 replies
    WJS ^ | 10.09.12 | Jack Welch
    Imagine a country where challenging the ruling authoritiesquestioning, say, a piece of data released by central headquarterswould result in mobs of administration sympathizers claiming you should feel "embarrassed" and labeling you a fool, or worse. Soviet Russia perhaps? Communist China? Nope, that would be the United States right now, when a person (like me, for instance) suggests that a certain government datum (like the September unemployment rate of 7.8%) doesn't make sense.
  • A Historic Debate Failure

    10/06/2012 3:28:13 AM PDT · by Kaslin · 22 replies ^ | October 6. 2012 | Hugh Hewitt
    By the time of Thursday night's debate between Vice President Biden and Congressman Ryan, the polls will reflect the early consequences of President Obama's disastrous debate performance from Wednesday night. Mitt Romney had a superb night and the contrast between his calm and in-command performance and that of a flailing, rambling president could not have been sharper, and indeed it could not have been more disorienting for the Chicago Gang running the president's re-election campaign. The day after the president's face-plant in front of 67 million viewers, the geniuses behind the nation's dismal economy instructed the president to go ugly,...
  • Obama touts jobs report as he seeks to lift campaign

    10/06/2012 2:11:18 AM PDT · by granada · 22 replies
    Reuters ^ | Sat Oct 6, 2012 3:44am EDT | Mark Felsenthal
    (Reuters) - President Barack Obama on Friday hailed a drop in the U.S. jobless rate to the lowest level since he took office, saying the country had "come too far to turn back now," as he sought to recover from a lackluster debate performance against Republican challenger Mitt Romney. A decline in unemployment to 7.8 percent in September, announced just more than four weeks before Election Day, gave an unexpected shine to the most vulnerable part of Obama's record - his economic stewardship - and offered him a chance to reset his re-election bid. The rate dropped from 8.1 percent...
  • The Romney Jobs Bump

    10/05/2012 5:14:57 PM PDT · by Solson · 22 replies
    My pea brain | 10/5/2012 | Solson
    Indulge me for a quick moment....Looking at the jobs report today, we see the household survey showing a massive 583,000 jump in the number of part-time workers, the largest since 1983. As part of the explanation, workers commented they took part-time because of "slack business conditions or the only jobs they could find."So why, in September 2012 would this increase happen?I am not one to believe the numbers were faked. Nor do I necessarily believe, though I do not discount, the survey process being flawed to the point of causing this increase. I actually think it is because of a...
  • The sickly, stagnant September jobs report

    10/05/2012 10:39:28 AM PDT · by Lakeshark · 10 replies
    AEIdeas ^ | 10/5/12 | James Pethokoukis
    Is this the Obama October Surprise? Only in an era of depressingly diminished expectations could the September jobs report be called a good one. It really isnt. Not at all. 1. Yes, the U-3 unemployment rate fell to 7.8%, the first time it has been below 8% since January 2009. But thats only due to a flood of 582,000 part-time jobs. As the Labor Department noted: The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8.0 million in August to 8.6 million in September. These individuals were working part time...
  • Out of College, Out of Work: Number of College Grads With Jobs Dropped 406,000 in June

    ( - There was a net decline of 406,000 in the number of Americans age 25 or older with a bachelors degree or higher who were working in the United States in June, according to the Bureau of Labor Statistics. A net of 309,000 in this demographic simply dropped out of the labor force, which means they neither had a job in June nor actively tried to find one, according to BLS. The number of Americans age 25 or older with a bachelors degree or higher who were unemployedmeaning they did not have a job but did actively try to...
  • Jobs Versus Net Jobs (Thomas Sowell)

    07/09/2012 9:45:57 AM PDT · by jazusamo · 23 replies
    Creators Syndicate ^ | July 10, 2012 | Thomas Sowell
    One of the reasons for the popularity of political rhetoric is that everybody can be right, in terms of their own rhetoric, no matter how much the rhetoric of one side contradicts the rhetoric of the other side. President Obama constantly repeats how many millions of jobs have been created during his administration, while his critics constantly repeat how many millions of jobs have been lost during his administration. How can both of them be right or, at least, how can they both get away with what they are saying? There are jobs and there are net jobs. This...
  • A nation of dog walkers: Where the jobs are and are not

    07/09/2012 7:33:12 AM PDT · by SeekAndFind · 15 replies
    AEI ^ | 07/08/2012 | James Pethokoukis
    Some interesting factoids from today’s WSJ story on non-exportable (or non-tradable) jobs and those jobs machines can’t (yet) do such a home-health aide, personal trainer, and something called “nonfarm animal caretaker.” Here is the good news: Massachusetts Institute of Technology economist David Autor notes an increase in personal-service jobs—the ones that can’t be done remotely from overseas and can’t easily be done by machines. … Between 1989 and 2007—just before the recession—they found a 5% increase in routinized production, machine-operator and clerical jobs—but a 36% increase in personal-service jobs and a 40% increase in top-of-the-pyramid jobs, such as managers,...
  • New Republican governors rapidly bringing down unemployment in their states

    07/08/2012 2:36:08 PM PDT · by FL2012 · 10 replies
    Examiner ^ | July 6th, 2012 | Robert Elliott
    Every single one of [the 17 states that elected a tea party-supported governor in 2010] has seen its unemployment rate decline since January 2011. Three of them have had unemployment drop by more than 2% (Michigan, Florida, and Nevada). The average drop in the unemployment rate in these states was 1.35%. For a comparison, in January 2011 the U.S. national unemployment rate stood at 9.1%. It is currently 8.2%, meaning that the national unemployment rate has declined by just 0.9% since then. Based on these percentages, it can be said that the job market in states with new Republican governors...
  • The Single Most Accurate Indicator of Labor Market Health (couldn't be clearer)

    07/08/2012 9:51:19 PM PDT · by STARWISE · 24 replies
    Mercatus ^ | 7-6-12 | Keith Hall
    The release of the June labor market data marks the third anniversary of the official end of the recession that began in June 2009. Thus, this is a good moment to look at the single best indicator of U.S. labor market health. As is so often the case, it is also one of the simplest: the employment-to-population ratio. In essence, this tells us what share of the working-age population (16-years old and above) has a job. When the ratio goes up, things are getting better. When it doesnt, the labor market is not recovering. To know what kind of job...
  • Where Have All the Workers Gone?

    07/07/2012 6:04:57 PM PDT · by Brown Deer · 40 replies
    July 7, 2012 | brown deer
    Where have all the workers gone? Since Barack 0bama has taken office, the population of the United States has grown by over nine million people, yet according to the United States Department of Labor, the labor force has only grown by only 1.5 million over the same period. The fact is, the DOL's Bureau of Labor Statistics does not do accurate counting of unemployed people. It's numbers do not come from the State's unemployment offices. All of it's numbers are calculated from a sample survey conducted each month that includes less than 0.02% of our country's population. How valid are...
  • Dismal Jobs Report Means Obama Needs Time Travel to Save Himself

    07/06/2012 9:47:01 PM PDT · by Marcus · 21 replies
    Yahoo Voices ^ | July 6, 2012 | Mark R. Whittington
    While President Obama rode his made-in-Canada campaign bus, while accusing Mitt Romney of outsourcing jobs and boasting of his own prowess in creation the same, the June jobs report seems to have blown apart his arguments.
  • June Jobs Report: 8.2 Percent Unemployment (Updated)

    07/06/2012 9:51:45 AM PDT · by Kaslin · 6 replies
    the PJ Tatler ^ | July 6,a2012 | Bryan Preston
    The US jobs report is out for June 2012, and it is bleak. Unemployment remained stuck at 8.2 percent. Additionally, private sector payrolls added just 84,000 jobs while the government sector shed 4,000 jobs for a net of just 80,000 jobs gained for the entire country. In May, the economy created just 69,000 jobs. The government has been in the habit of releasing a number and then later revising it down, so today’s 80,000 number may not stand for long. Economists expected 90,000 jobs to be created in June. A healthy economy would be expected to create north of 200,000...
  • Romney on jobs: This kick in the gut has to end; Update: Video, transcript added

    07/06/2012 9:38:16 AM PDT · by Kaslin · 10 replies
    Hot ^ | July 6, 2012 | ED MORRISSEY
    Mitt Romney addressed the press 90 minutes after the BLS released the June jobs report, and hammered Barack Obama for his economic policies and ObamaCare. “This kick in the gut has to end,” Romney told the press, and during a question-and-answer period put a large amount of the blame on ObamaCare. “When three-quarters of small businesses say that ObamaCare is keeping them from hiring,” Romney replied, “it shows that President Obama has put his liberal agenda ahead of job creation.” We’ll add the transcript and the video as soon as they’re available, but the “kick in the gut” line is...