Keyword: unemployment

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  • Job Openings Rise, Outnumber Unemployed by 1 Million...

    03/18/2019 12:56:47 PM PDT · by caww · 19 replies ^ | 3/15/2019 | Nic Rowan
    U.S. employers listed almost 7.6 million job openings in January, near the record high of 7.63 million in November, a sign that businesses are eager to hire more workers. The Labor Department also said Friday that the number of people quitting their jobs is up, another sign of a healthy economy, because it indicates people are leaving their jobs for ones that typically pay better, ...... Last spring, job openings began to outpace the number of unemployed for the first time in the 18 years the data has been tracked......The strong job market is having positive effects across the economy....
  • Jobs, jobs, jobs...latest job openings data show that Trump knows what it's about

    03/16/2019 7:34:03 PM PDT · by SeekAndFind · 8 replies
    American Thinker ^ | 03/16/2019 | Monica Showalter
    With the press largely focused on the college cheating scandal and cooking up new ways to Blame Trump for the mosque massacre in New Zealand, some real news is going largely unnoticed: "US Job Opening[s] Soar To All Time High: 1.3 Million More Than Unemployed Workers." According to Zerohedge's Tyler Durden: After a modest slowdown in job openings which started in September and continued through November, today's JOLTS report — Janet Yellen's favorite labor market indicator — for the month of January showed an unprecedented surge in job openings across most categories at the start of 2019, with the total number soaring from an...
  • Weak Jobs Report Clouds the Economic Picture: Employers increased payrolls by only 20,000 in Feb.

    03/08/2019 7:19:27 AM PST · by SeekAndFind · 52 replies
    New York Times ^ | 03/08/2019 | Patricia Cohen
    The Labor Department released its monthly hiring and unemployment figures for February on Friday morning, providing one of the better snapshots of the state of the American economy. ■ 20,000 jobs were added last month. Analysts had expected a gain of about 175,000, according to MarketWatch. It was the 101st straight month of job gains, but the weakest report since September 2017. ■ The unemployment rate was 3.8 percent. It was 4 percent in January. ■ Average hourly earnings rose by 0.4 percent after growing by 0.1 percent in January. The year-over-year gain is now 3.4 percent. Putting the weakness...
  • Opinion: Its official: The Trump tax cuts were a bust (YUuuge Barf Alert)

    01/31/2019 4:41:58 PM PST · by Beave Meister · 28 replies
    Market ^ | 1/31/2019 | Howard Gold
    Right before Congress passed the Tax Cuts and Jobs Act in December 2017, President Trump proclaimed: Itll be fantastic for the middle-income people and for jobs, most of all ... I think we could go to 4%, 5% or even 6% [GDP growth], ultimately. We are back. We are really going to start to rock. A year later, its very clear that the tax cuts boosted gross domestic product and jobs a bit and just for one year. Its effects are fading as U.S. GDP growth appears likely to weaken in 2019. The only thing that rocked were corporate...
  • US weekly jobless claims fall to the lowest level since 1969

    01/24/2019 9:33:42 AM PST · by SeekAndFind · 18 replies
    CNBC via Reuters ^ | 01/24/2019
    The number of Americans filing applications for unemployment benefits fell to more than a 49-year low last week, but the drop likely overstates the health of the labor market as claims for several states including California were estimated. Still, labor market conditions remain strong, which for now should help to temper fears of a sharp slowdown in economic growth. The economy is facing several headwinds, including a month-long partial shutdown of the federal government, which is starting to hurt both consumer and business confidence. Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 199,000 for the week...
  • Fact-Checking 5 of Trumps Claims in Border Speech

    01/09/2019 6:10:58 AM PST · by Yosemitest · 22 replies
    The Daily Signal ^ | January 09, 2019 | Jarrett Stepman, Rachel del Guidice, and Fred Lucas
    This is an EXCERPT.SECURITYANALYSIS Fact-Checking 5 of Trumps Claims in Border Speech ...1. All Americans are hurt by uncontrolled illegal migration. It strains public resources and drives down jobs and wages. Among those hardest hit are African-Americans and Hispanic Americans. According to U.S. Civil Rights Commissioner Peter Kirsanow, black Americans are disproportionately affected by illegal immigration. Black males are more likely to experience competition from illegal immigrants, Kirsanow said in a 2017 interview with The Daily Signal. What happens is you eliminate the rungs on the ladder because a sizable number of black men dont have access to entry-level jobs,...
  • Dems Eye 33% Corporate Rate Hike

    01/07/2019 9:05:04 PM PST · by Beave Meister · 76 replies
    American Tax Reform ^ | 1/7/2019 | Alex Hendrie
    House Budget Chairman John Yarmuth (D-Ky.) has announced that the forthcoming budget blueprint will call for a 33 percent corporate income tax rate by hiking the rate from 21 percent to 28 percent. This would make the U.S. a less competitive place to do business and make the U.S. statutory rate higher than many developed competitors. State corporate taxes average 6 percent across the U.S, so this planned tax hike would give the U.S. an average top corporate rate of 34 percent. The current combined corporate rate across the 36 member Organisation for Economic Development and Cooperation (OECD) is currently...
  • Here Are 2 Ways Trump Can Help Americans Move From Food Stamps to Work

    12/20/2018 12:16:36 PM PST · by Tolerance Sucks Rocks · 13 replies
    The Daily Signal ^ | December 18, 2018 | Jamie Bryan Hall
    President Donald Trump has an opportunity to do what Congress should be doing, but isnt: Help Americans who are on food stamps transition to work.The farm billwhich reauthorizes the foods stamp program for five yearswould have been a prime opportunity for Congress to enhance work requirements. Under current law, certain work-capable adults must work 20 or more hours per week, participate in a supervised job search or training, or volunteer in their communities in order to receive food stamps.Most food stamp recipients are exempt from these requirements. These include people over 50 years old, the disabled, and minor children and...
  • 10,400 Verizon workers quit their jobs. That's a good sign for the economy

    12/11/2018 8:39:27 AM PST · by SeekAndFind · 30 replies
    CNN ^ | 12/10/2018 | By Lydia DePillis
    A lot of people want to quit their jobs at Verizon, and that's a really good sign for the economy. In a drive to cut costs and shift investments as it rolls out 5G service, the company announced on Monday that 10,400 management employees had accepted voluntary buyout deals, out of 44,000 who were eligible. That might have been partially due to the fact that the terms of severance were generous, at three weeks of pay for each year of service, capped at 60 weeks. But it's likely there's a larger factor at play: The unemployment rate is now 3.7%,...
  • Job openings back over 7 million and near record high; 1 million more jobs than unemployed workers

    12/10/2018 9:51:04 AM PST · by SeekAndFind · 28 replies
    CNBC ^ | 12/09/2018 | Jeff Cox
    There were 1 million more jobs than unemployed workers in the most recent government count of job openings, according to a Labor Department release Monday. Total available jobs stood at 7.08 million for October, the second-highest level surpassed only by the 7.3 million in August, the Job Openings and Labor Turnover Survey showed. By comparison, there were just 6.08 million Americans classified as unemployed for the month. The survey shows a tightening jobs market at a time when questions are arising over the broader economy's strength. Most economists are expecting a global slowdown that could infect the U.S., which is...
  • US weekly jobless claims rise to 6-month high

    11/29/2018 9:16:48 AM PST · by SeekAndFind · 19 replies
    CNBC via Reuters ^ | 11/29/2018
    * The number of Americans filing applications for jobless benefits increased to a six-month high last week. * The data could raise concerns that the labor market may be slowing. * Initial claims for state unemployment benefits rose 10,000 to 234,000 for the week ended Nov. 24. * It was the highest level of claims since the mid-May, the Labor Department said. The number of Americans filing applications for jobless benefits increased to a six-month high last week, which could raise concerns that the labor market could be slowing. Initial claims for state unemployment benefits rose 10,000 to a seasonally...
  • U.S. Added 250,000 Jobs in October; Unemployment at 3.7%

    11/02/2018 7:59:07 AM PDT · by nikos1121 · 19 replies
    NYTIMES ^ | 11/02/2018 | Patricia Cohen
    The Labor Department released its hiring and unemployment figures for October on Friday morning, providing the latest snapshot of the American economy.
  • Americas Ghost Legions of Idle Men

    10/22/2018 2:55:31 PM PDT · by OddLane · 34 replies
    Intellectual Takeout ^ | October 18, 2018 | Michael Cook
    The US stock market continues to set new records. Unemployment continues to go down. The United States is now at or near full employment. According to a Bloomberg headline last year, The Jobless Numbers Arent Just Good, Theyre Great. But a closer look at economic data by demographer Nicholas Eberstadt reveals something else entirely. While unemployment has gone down, the work participation rate, and especially the male work rate, has been relentlessly declining for most of the post-War era and is now reaching a crisis with Depression-era levels. In his new book, Men Without Work, Eberstadt describes this as a...
  • This chart shows how everything has changed since Trump became president

    10/21/2018 3:05:31 PM PDT · by 2ndDivisionVet · 13 replies
    CNBC ^ | October 21, 2018 | Jeff Cox
    Since Donald Trump won the presidency, he has presided over both one the most tumultuous political times in recent memory, as well as the best economy the country has seen since well before the financial crisis. Consumer and small business confidence is up but so are both the national debt and budget deficit. The chart below, using mostly data compiled by Goldman Sachs, quantifies just how much things changed from the days just before the election in November 2016 through September 2018. Of course, the stock market has weakened in October, which has been its historically most volatile month....
  • Unemployment rate falls to 49-year low

    10/07/2018 8:28:47 PM PDT · by NotaLowTBoomer · 27 replies
    Just posting this because you won't see it on Television, because it's actual news, and television doesn't report on real news. ashington (CNN Business)The last time the American job market was this strong, astronauts were still going to the moon. The unemployment rate fell to 3.7% in September, the lowest level since December 1969
  • Even the Seemingly Disappointing Job Creation Numbers Are Actually Pretty Great

    10/05/2018 8:20:08 AM PDT · by edwinland · 22 replies
    New York Times ^ | Oct 5, 2018 | Neil Irwin
    The September jobs numbers are the 2018 United States economy in a nutshell: Even when an economic report is bad these days, its actually pretty good. When the latest numbers first were broadcast at 8:30 a.m. Friday, it looked like a big disappointment. Employers added only 134,000 jobs to their payrolls last month, well below the levels of recent months and well below what forecasters had projected. But even apart from the usual warnings about statistical error and randomness (the true rate of job creation could turn out to be either much higher or much lower), the numbers are a...
  • Beto ORourke blames Black Americans not working for illegal aliens working [video]

    09/20/2018 10:11:26 AM PDT · by KeyLargo · 41 replies
    THE HAYRIDE.COM ^ | Sep 20, 2018 | Bethany Blankley
    Beto ORourke blames Black Americans not working for illegal aliens working [video] September 20th, 2018 Bethany Blankley Beto told a black Texan that he and other Americans created the need for illegal aliens working because they are not working a cotton gin. Yes, he said this in public on video. During a town hall event on Wednesday night, Rep. Beto ORourke (D-TX) running against Sen. Ted Cruz (R-TX) for the Senate seat told a black American who questioned his support for illegal aliens. ORourke then compared the aliens from Central America and Mexico to the modern version of...
  • Jobless claims fall again to reach new 49-year low of 201,000

    09/20/2018 6:08:58 AM PDT · by Red Badger · 15 replies ^ | Published: Sept 20, 2018 8:37 a.m. ET | By Jeffry Bartash
    The numbers: The number of Americans who applied for unemployment benefits in mid-September fell to a fresh 49-year low, more proof that a growing labor shortage and surging economy have given workers greater job security. Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. Thats below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.
  • Widespread disdain for Trump is misguided

    09/15/2018 2:56:50 AM PDT · by 2ndDivisionVet · 16 replies
    The News Record ^ | September 14, 2018 | Samuel Schell-Olsen
    Contrary to popular culture and the media, Donald Trump has, so far, performed well as commander in chief. Since taking office in 2017, Trump has overseen the most successful economic policy since Calvin Coolidge. By cutting regulations, slashing taxes and promoting business activity, U.S. unemployment rates have dropped to 3.9 percent its lowest percentage since December 2000. Unemployment in Hispanic communities has reached an all-time low of 4.7 percent. While Trump is arguably the most foul-mouthed President since Lyndon Johnson, his penchant for action speaks volumes. In April, Trump signed the Allow States and Victims to Fight Online Sex...
  • New York Slimes: Were Measuring the Economy All Wrong

    09/14/2018 7:58:33 PM PDT · by EdnaMode · 44 replies
    New York Slimes ^ | September 14, 2018 | David Leonhardt
    Ten years after the collapse of Lehman Brothers, the official economic statistics the ones that fill news stories, television shows and presidential tweets say that the American economy is fully recovered. The unemployment rate is lower than it was before the financial crisis began. The stock market has soared. The total combined output of the American economy, also known as gross domestic product, has risen 20 percent since Lehman collapsed. The crisis is over. But, of course, it isnt over. The financial crisis remains the most influential event of the 21st century. It left millions of people ...