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Keyword: laborforce

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  • Employment Situation

    04/07/2017 6:59:30 AM PDT · by Redmen4ever · 10 replies
    US BLS ^ | 4/7/17 | PressOffice@bls.gov
    The unemployment rate declined to 4.5 percent in March, and total nonfarm payroll employment edged up by 98,000, the U.S. Bureau of Labor Statistics reported today.
  • Americans Flood Back Into The Labor Force Under Trump

    03/10/2017 7:59:24 AM PST · by cutty · 10 replies
    Zero Hedge ^ | Mar 10, 2017 | Tyler Durden
    It appears that the "animal spirits" unleashed by President Trump are not contained to the stock market: according to the BLS, one of the most notable observations to emerge from the February (and January) jobs reports is that the number of Americans no longer in the labor force plunged since December, declining by 736,000 in January (to a modest extent due to a data revision) and a further 176,000 in February to 94,190K. The combined two-month addition of 912,000 was the biggest drop in the "not in labor force" series on record. ... The 94,19 million people who are considered...
  • Utter Decimation: Men in Labor Force Down to 78 Percent in 2015

    02/09/2017 5:24:04 PM PST · by markomalley · 68 replies
    CNS News ^ | 2/9/17 | Martin Morse Wooster
    As the Trump administration continues to figure out ways to put people back to work, they have to deal with a simple demographic fact: there are tens of millions of American men, in the prime years of their working lives, who have dropped out of the labor force. It’s not that these men are trying, and failing, to get jobs. They’ve simply given up. What is causing this problem and what can be done about it? Nicholas Eberstadt explores this issue in "Men Without Work: The Invisible Crisis." Eberstadt is a long-time fellow at the American Enterprise Institute and one...
  • The New Face of American Unemployment

    02/07/2017 12:46:15 PM PST · by pabianice · 54 replies
    Bloomberg ^ | 2/7/17 | Smialeck et al
    <p>They’re looking for work, out of the labor force but unhappy about it, or report working part-time when they’d prefer more hours, according to data released last week. Their plight comes even as the U.S. flirts with what economists consider the maximum level of employment for the first time since before the recession, having added 15.8 million jobs since the start of 2010. While some of America’s jobless are simply between gigs, those persistently stuck out of work are called the structurally unemployed.</p>
  • Americans "Not In The Labor Force" Plunge By A Record 736,000

    02/03/2017 6:54:18 AM PST · by SeekAndFind · 15 replies
    Zero Hedge ^ | 02/03/2017
    While Trump has personally expressed skepticism about the validity of the payrolls report, and especially the seasonally adjusted Establishment Survey, one aspect of the jos report he has been especially focused on is the number of people who are out of the labor force for economic reasons or otherwise: this is the infamous 95 million number that he brings up every time the strength of the "Obama recovery" has been mentioned. Which is why we are confident Trump will be happy to learn that in January, while the US economy added some 227K jobs according to the Establishment Survey,...
  • Record 95,102,000 Americans Not in Labor Force; Number Grew 18% Since Obama Took Office in 2009

    01/06/2017 6:32:56 AM PST · by Olog-hai · 30 replies
    Cybercast News Service ^ | January 6, 2017 | 8:49 AM EST | Susan Jones
    Barack Obama’s presidency began with a record number of Americans not in the labor force, and it's ending the same way. The final jobs report of the Obama presidency, released Friday, shows that the number of Americans not in the labor force has increased by 14,573,000 (18.09 percent) since January 2009, when Obama took office, continuing a long-term trend that began well before Obama was sworn in. In December, according to the Labor Department’s Bureau of Labor Statistics, a record 95,102,000 Americans were not in the labor force, 47,000 more than in November; and the labor force participation rate was...
  • The Idle Army: America’s Unworking Men

    09/02/2016 9:47:52 AM PDT · by CDB · 10 replies
    The Wall Street Journal ^ | September 2, 2016 | Nicholas Eberstadt
    This is arguably a crisis, but it is hardly ever discussed in the public square. Received wisdom holds that the U.S. is at or near “full employment.” Most readers have probably heard this, perhaps from the vice chairman of the Federal Reserve, who said in a speech last week that “it is a remarkable, and perhaps underappreciated, achievement that the economy has returned to near-full employment in a relatively short time after the Great Recession.” Near-full employment? In 2015 the work rate (the ratio of employment to population) for American males age 25 to 54 was 84.4%. That’s slightly lower...
  • Record 94,708,000 Americans NOT in Labor Force

    06/04/2016 3:47:36 AM PDT · by detective · 37 replies
    Breitbart ^ | 3 Jun 2016 | Caroline May
    The number of Americans not participating in the work force hit another record high in May, according to data released Friday by the Bureau of Labor Statistics. The BLS reports that last month 94,708,000 Americans were neither employed nor made an effort to find employment — due to discouragement, retirement, education, or otherwise — last month.
  • Labor Force Participation Rate Dropped to 62.8% In April: 94,044,000 Out

    05/06/2016 7:30:05 AM PDT · by xzins · 62 replies
    CNS NEWS ^ | 6 May 16 | Susan Jones
    The number of Americans not in the labor force last month totaled 94,044,000, 562,000 more than in March -- and the labor force participation rate dropped to 62.8 percent (near a 38-year low), following four straight months of slight improvement. When President Obama took office in Janaury 2009, the labor force partipation rate was 65.7 percent, after hovering in the 66-67 percent range for much of the George W. Bush presidency. The recession inherited by the Obama administration officially ended in June 2009, but the labor force participation rate continued to drop during Obama's two terms, hitting 62.4 percent in...
  • The Meanings of California’s Low Labor Force Participation Rate

    02/17/2016 8:29:52 AM PST · by SeekAndFind · 3 replies
    Foxes and Hounds ^ | 02/17/2016 | Michael Bernick, Former California Employment Development Department Director
    The most recent data on California’s labor force participation rate (the percentage of California adults employed or looking for work) show the rate continuing to decline the past few years, even as job growth is very strong. Why is this? Should workforce practitioners and policymakers in California be concerned? How much does the rate represent increased discouragement among our workforce?Let’s start with the data, turning to EDD’s Labor Market Information Division. Mr. Brandon Hooker of the Division has compiled the chart above (click to enlarge) that tracks the declining labor force participation rate in California since December 2007. The rate...
  • More jobs than job seekers bodes well for U.S. labor force in 2016, expert says

    02/09/2016 8:04:17 AM PST · by SeekAndFind · 50 replies
    Daily News ^ | 02/09/2016 | BY DR. STEVEN LINDNER
    Although stock portfolios may be looking bleak with the sudden fall in the market indices, employment prospects for job seekers have never looked better. I don't have a crystal ball, but there are some strong indicators that 2016 has much to offer in terms of achieving our career aspirations. Currently there are more jobs available than job seekers. According to the U.S. Department of Labor, the current unemployment rate is trending downward, a positive sign for all us -- it was 4.9% in January, down from 5% the previous month. In some parts of our country, we have unemployment rates...
  • Americans are losing jobs to a visa program [H-1B]. Can it be fixed?

    02/04/2016 8:26:52 AM PST · by ConservingFreedom · 52 replies
    Christian Science Monitor ^ | February 3, 2016 | Schuyler Velasco
    [...] Its supporters, including the Obama administration, have touted the H-1B as a way to inject highly sought-after skills into the US talent pool. But more often, critics say, big companies exploit it to reduce labor costs, leaving more and more skilled American tech workers out of a job. "There are literally tens of thousands of American workers who have trained their foreign replacements," says Ronil Hira, a public policy professor at Howard University and a leading authority on H-1Bs. "And the workers being imported have no more than ordinary skills that are abundantly available in the US." [...] it...
  • Don't Show Trump This Chart: All U.S. Job Gains Since Dec. 2007 Have Gone To Foreign-Born Workers

    02/05/2016 8:59:34 AM PST · by SeekAndFind · 20 replies
    Zero Hedge ^ | 02/05/2016 | Tyler Durden
    With the Fed on the verge of a full relent and admission of policy error, the Fed's "data (in)dependent" monetary policy once again takes on secondary relevance as we progress into 2016. However, even with the overall job picture far less important, one aspect of the US jobs market is certain to take on an unprecedented importance. We first laid out what that is last September when we said that "the one chart that matters more than ever, has little to nothing to do with the Fed's monetary policy, but everything to do with the November 2016 presidential elections...
  • Obama Quips That New Low Unemployment Number Is 'Inconvenient' For Republican Candidates

    02/05/2016 1:25:44 PM PST · by Kaslin · 36 replies
    Townhall.com ^ | February 5, 2016 | Cortney O'Brien
    "Americans are working," President Obama proudly declared at a White House press conference Friday morning. He was referring to the new jobs report that revealed unemployment has dropped to 4.9 percent - the first time it's fallen below 5 percent in 8 years. The president also remarked on how his administration has added 14 million new jobs over his tenure and that over the past 6 months wages have risen at an impressive rate. He couldn't help pointing to falling gas prices as well. After gleefully sharing these new numbers, Obama quipped that the supposedly successful economy is "inconvenient" for...
  • Obama's Unemployment Sleight of Hand

    02/05/2016 1:41:51 PM PST · by Kaslin · 14 replies
    Townhall.com ^ | February 5, 2016 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: We have an audio sound bite here from Obama, the press conference I mentioned an hour ago. He went out there and he was praising his economy. He was heralding first-time unemployment rate as being under 5% for the first time in seven years. That's essentially since he took office. The first time. When have you ever heard that referred to: "The first-time unemployment rate is now at 4.9%"? What's that? Does anybody have any memory of hearing the unemployment rate referred to as "the first-time unemployment rate"? Well, there's a reason he said it. It's because...
  • As America’s Workforce Ages, Here’s Where the Jobs Will Be

    12/09/2015 6:52:37 AM PST · by SeekAndFind · 2 replies
    Wall Street Journal ^ | 12/09/2015 | By JEFFREY SPARSHOTT
    The U.S. labor force is expected to expand only slowly over the coming decade as the country ages and more Americans give up on holding a job, a potential drag on broader economic growth. The economy is expected to generate 9.8 million new jobs, a 6.5% increase, from 2014 to 2024, the Labor Department said in new projections released Tuesday. While steady, that is a historically slow pace. By comparison, 10-year job creation averaged almost 14% during the 2001-07 expansion and close to 17% during the 1990s. The slowdown highlights declining participation as baby boomers retire and younger Americans opt...
  • Labor Participation Rate Remains At 37 Year Low As 94.5 Million Remains Outside The Labor Force

    11/06/2015 7:53:18 AM PST · by SeekAndFind · 4 replies
    Zero Hedge ^ | 11/06/2015 | Tyler Durden
    In another sign that the labor market slack, at least from the Fed's perspective, is now reaching a peak, the Household survey reported that while the civilian labor force rose by over 300K in October, the number of people not in the labor force actually declined by 97K to 94.5MM (as those employed rose by 320K), following an exodus from the labor force of over half a million in September. Despite this headline improvement, however, the participation rate remained at 62.4%, same as the prior month, and at a level last seen in 1977.  Elsewhere, the civilian employment to...
  • 15 jobs that are quickly disappearing

    10/15/2015 9:12:53 AM PDT · by SeekAndFind · 23 replies
    Business Insider ^ | October 14, 2015 19 hours ago | Rcahel Gillett
    Thanks in part to advances like email, Facebook, and Twitter, mail carriers will be all but obsolete in the not-so-distant future. By 2022, the US Bureau of Labor Statistics projects a 28% decline in postal-service jobs, totaling around 139,100 fewer positions. Mail carriers aren't the only ones whose jobs are disappearing. Technology and market shifts have affected a wide range of fields. Based on the BLS's occupational outlook data, here are 15 American jobs that are on their way out. 1. Printing worker According to the BLS, printing workers inspect random samples during print runs to identify problems and make...
  • Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job

    10/07/2015 7:15:45 AM PDT · by SeekAndFind · 28 replies
    TEC ^ | 10/07/2015 | Michael Snyder
    The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation. For the month of September, the federal government told us that 142,000 jobs were added to the economy. If that was actually true, that would barely be enough to keep up with population growth. Sadly, the truth is that the real numbers were actually far worse than that. The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a million Americans to the “not in the labor force”...
  • 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...