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Keyword: jobsreport

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  • 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 isn’t 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 didn’t 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 fall—a rapidly strengthening economy—may 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
    Townhall.com ^ | 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
    Townhall.com ^ | September 22, 2013 | Austin Hill
    The jobs report looks good. The jobs report wasn’t as bad as anticipated. There are fewer people working, but that’s okay - the unemployment rate still dropped last month. Are you fed up with the U.S. federal government’s “spin” and constant efforts to convince you that the labor market isn’t 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
    Townhall.com ^ | 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 Hours 2013-06: 33.7 Hours 2013-05: 33.7 Hours 2013-04: 33.7 Hours 2013-03: 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
    Townhall.com ^ | August 3, 2013 | John Ransom
    Another month and another jobs report that's so bad it’s good. At least that’s 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. Obama’s 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
    Townhall.com ^ | 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. Junes’s 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. Junes’s 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
    Townhall.com ^ | 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 couldn’t afford. That’s 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 Fools.com ^ | 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 hasn’t made a decision yet on whether to delay Friday’s October jobs report, the final reading on the labor market before next week’s 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. They’re not...
  • Outrageous: Labor Department May Delay Jobs Report

    10/29/2012 1:01:59 PM PDT · by Justaham · 20 replies
    breitbart.com ^ | 10/29/12 | John Nolte
    The U.S. Labor Department on Monday said it hasn’t made a decision yet on whether to delay Friday’s October jobs report, the final reading on the labor market before next week’s 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 authorities—questioning, say, a piece of data released by central headquarters—would 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
    Townhall.com ^ | 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 isn’t. 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 that’s 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

    (CNSNews.com) - There was a net decline of 406,000 in the number of Americans age 25 or older with a bachelor’s 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 bachelor’s degree or higher who were “unemployed”—meaning 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 doesn’t, 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 Air.com ^ | 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...
  • Hopeful signs emerge for struggling jobs market (Based on recent ADP National Employment Report)

    07/06/2012 6:49:00 AM PDT · by SeekAndFind · 7 replies
    Reuters ^ | 07/05/2012 | By Lucia Mutikani and Leah Schnurr
    (Reuters) - Private employers stepped up hiring in June and the number of Americans filing new claims for jobless benefits last week fell by the most in two months, hopeful signs for the struggling labor market. But dark clouds continue to gather over the U.S. economy, with the vast services sector crawling forward at its slowest pace in nearly 2-1/2 years in June and retailers reporting sales below expectations, other data showed on Thursday. The economy has been hit by turbulence from Europe's debt crisis and fears of tax increases at home next year, undermining confidence among businesses and ordinary...
  • More Workers Going on Disability Than Getting Jobs Under Obama 'Recovery'

    07/06/2012 7:01:43 AM PDT · by IBD editorial writer · 45 replies
    Investor's Business Daily ^ | 07/06/2012 | John Merline
    More workers joined the federal government's disability program in June than got new jobs, according to two new government reports, a clear indicator of how bleak the nation's jobs picture is after three full years of economic recovery.
  • Jobs report: 80K jobs added, 8.2% jobless rate; Update: Worst quarter in 2 years

    07/06/2012 7:13:07 AM PDT · by Hotlanta Mike · 23 replies
    Hot Air ^ | JULY 6, 2012 | ED MORRISSEY
    The jobs report for June shows another gloomy month in the US economy. Job growth amounted to a disappointing 80,000, below analyst expectations of 90-100K, while the jobless rate remained the same at 8.2%:
  • 8.2%

    07/06/2012 5:32:09 AM PDT · by rawhide · 47 replies
    Drudge ^ | 7-6-12
    8.2%
  • Oil prices slump on US payrolls data (WTI Crude drops below $100/bl)

    05/04/2012 11:11:02 AM PDT · by OrangeHoof · 15 replies
    AFP/Google ^ | 05-04-2012 | na
    LONDON — World oil prices nosedived on Friday, hitting three-month lows as a disappointing US non-farm payrolls report sparked fresh concern over energy demand in the world's biggest crude consuming nation. (snip) In later afternoon deals on Friday, Brent oil stood at $112.27, down $3.81 from Thursday's closing level, while WTI traded at $98.25, down a hefty $4.29.
  • January 2012 Employment Report: Blatant And Outrageous Lies (A bad report behind the numbers)

    02/03/2012 1:08:20 PM PST · by SeekAndFind · 15 replies · 1+ views
    Market Ticker ^ | 02/03/2012 | Karl Denninger
    There are times when one questions a report as possibly being wrong or in error, and then there are times when one has to raise a flag and say "This is an intentionally false picture being presented by a government agency."I'm in the latter camp with this one, and it is rare for me to brand something as not possibly wrong and in error, but intentionally fraudulent. Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the private sector,...
  • After strong jobs report, Obama tells Congress 'don't muck it up'

    02/03/2012 10:56:16 AM PST · by Nachum · 35 replies
    The Hill ^ | 2/3/12 | Amie Parnes
    Saying the economy is “growing stronger,” President Obama issued a strong warning to Congress on Friday: “Do not slow down the recovery ... don't muck it up!" Speaking at a fire house in Arlington, Va. — hours after a jobs report showed the unemployment rate dropped from 8.5 to 8.3 percent — a fiery Obama said Washington has to do everything in its power to help the economy. He urged Congress to pass a payroll tax cut extension without drama and delay. “They just need to get it done, [it] shouldn’t be that complicated,” Obama said.
  • The November Employment Report: A Wake-up Call (Awful is an understatement)

    12/03/2010 10:23:16 AM PST · by SeekAndFind · 13 replies
    National Review ^ | 12/03/2010 | Douglas Holtz-Eakin
    Awful. That’s the best one can say about the November employment report. The headline — that unemployment jumped to 9.8 percent — is not really the bad news. If and when the economy does catch fire, droves of discouraged workers will flood back into the labor market and the rate will easily exceed 10 percent. So a rising unemployment rate is not really the main concern. No, the main concern is that there were only 50,000 private-sector jobs created, not nearly enough to make a dent in the employment woes. And that was the bright spot. For blue-collar workers —...
  • Stocks in narrow range after weak jobs report (13,000 private sectors jobs added in June)

    06/30/2010 9:18:24 AM PDT · by NormsRevenge · 6 replies
    AP on Yahoo ^ | 6/30/10 | Stephen Bernard - ap
    NEW YORK – The stock market is ending a painful second quarter quietly, trading in a narrow range after another disappointing report on the jobs market. Payroll company ADP says private employers added 13,000 jobs in June, well short of the 60,000 economists forecast. Moves are modest Wednesday as financial stocks inch higher in response to a change in the banking overhaul bill that removes $19 billion in proposed taxes on banks. A slightly better-than-expected report on manufacturing in the Midwest is also giving stocks some support.
  • Stocks off sharply after disappointing jobs report

    06/04/2010 8:48:19 AM PDT · by Mad Dawgg · 72 replies · 2,034+ views
    Yahoonews/AP ^ | June 4th 2010 | EPHEN BERNARD, AP Business Writer
    NEW YORK – Investors went back to selling stocks sharply lower Friday after the Labor Department's disappointing news that hiring remains weak. Interest rates fell sharply as investors moved their money into the safety of Treasury bonds and notes. The Dow Jones industrial average dropped almost 190 points, while all the major indexes were down more than 1 percent. The government's May jobs report was an unpleasant surprise for the market. The Labor Department said private employers hired just 41,000 jobs in May, down dramatically from 218,000 in April and the lowest number since January. The news made it clear...
  • Where the heck are our Republican congresscritters, our leaders???

    06/04/2010 7:56:32 AM PDT · by CincyRichieRich · 15 replies · 325+ views
    AP via Breitbart ^ | 6-3-10 | Self
    HYATTSVILLE, Md. (AP) - President Barack Obama says the addition of 431,000 new jobs in May shows "the economy is getting stronger by the day."
  • "Really Good" Jobs Report Courtesy of Harry Reid

    03/07/2010 10:26:24 AM PST · by timesthattrymenssouls · 4 replies · 100+ views
    Constitutional Guardian ^ | 3/7/2010 | Nancy Tengler
    Thank goodness for Harry Reid. No, I mean it. Without Harry I would have thought Friday's unexpected (yet again!) jobs report was bad news. I was trained in the old fashioned school of economics where full employment is a good thing and high levels of unemployment is not so good. So, I was more than pleased to hear Harry Reid tell the nation, “Today is a big day in America. Only 36,000 people lost their jobs today, which is really good.” Really good. What a relief. I must remember to tell my unemployed friends what a great day Friday was...
  • Why I Hate the Jobs Report (How can a Number have Credibility When It's Always Revised ?)

    03/05/2010 6:59:03 AM PST · by SeekAndFind · 12 replies · 433+ views
    JoeFahmy.com ^ | 03/05/2010 | Joe Fahmy
    Out of all the economic reports, the monthly Jobs Report seems to get the most attention. This report comes out at 8:30AM EST on the first Friday of each month. Here are the main reasons why I ignore this report: 1) CNBC calls this report the "Grand Daddy of them all." This is an obvious and pathetic attempt to boost their TV ratings and put fear into the novice investor. 2) I prefer to "turn off the noise" and pay attention to the price action of leading stocks and the volume of major indexes. 3) The following seems to happen...
  • The Inconvenient Truth Behind The Unemployment Data

    08/10/2009 6:34:22 AM PDT · by Jabrown · 6 replies · 494+ views
    PDOP ^ | 08/10/2008 | J Brown
    If I didn't know better, the new this weekend would have made me believe that the recession was over...people were headed back to work and once again spending money. Unfortunately, behind report after report about the "STRONG JOBS DATA" (AP Headline) there are numbers that show that the economy is every bit as fragile as it has been throughout this year. After all, it doesn't take a rocket scientist to question why the unemployment rate went down when the economy lost nearly 250,000 jobs. So, consider these unfortunate realities...
  • November Jobs Report Brings Little Cheer

    12/08/2007 9:10:16 AM PST · by shrinkermd · 9 replies · 169+ views
    Wall Street Journal ^ | 8 December 2007 | KELLY EVANS
    U.S. employers hired workers at a middling pace in November, according to a report that did little to ease fears among some analysts that economic growth is close to stalling. The Labor Department reported that employment at nonfarm businesses rose by 94,000 jobs in November. That followed revised increases of 170,000 in October and 44,000 in September; those gains were initially estimated at 166,000 and 96,000, respectively. The unemployment rate stayed at 4.7% for the third-consecutive month. Service industries such as health care, leisure and hospitality picked up jobs. But businesses related to the housing bust -- including construction, mortgage...
  • 207,000 Jobs Created in July; Unemployment Rate Steady at 5.0%

    08/05/2005 5:35:42 AM PDT · by RWR8189 · 107 replies · 2,088+ views
    CNBC | August 5, 2005
    In July 207,000 jobs were created, above expectations, and the unemployment rate held steady at 5.0% Upward revisions for May and June as well.
  • 144,000 Jobs Created in August (UE Rate Down at 5.4%)

    09/03/2004 5:30:59 AM PDT · by RWR8189 · 210 replies · 6,603+ views
    CNBC | September 3, 2004
    jobs were created in August. The unemployment rate edgged down at 5.4% Upward revisions Details to come...
  • 32,000 Jobs Created in July (UE Rate Down at 5.5%)

    08/06/2004 5:30:25 AM PDT · by RWR8189 · 473 replies · 10,417+ views
    CNBC | August 6, 2004
    32,000 jobs were created in July. The unemployment rate down at 5.5% Details to come... ouch
  • 288,000 Jobs Created in April (UE Rate Down at 5.6%)

    05/07/2004 5:31:14 AM PDT · by RWR8189 · 52 replies · 211+ views
    CNBC | May 7, 2004
    288,000 jobs were created in April. The unemployment rate down at 5.6% Details to come...