Keyword: unemployment

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  • Less than half of U.S. kids today live in a Ďtraditionalí family

    12/26/2014 5:32:15 PM PST · by Olog-hai · 24 replies
    Pew Research Fact Tank ^ | December 22, 2014 | Gretchen Livingston
    Less than half (46%) of U.S. kids younger than 18 years of age are living in a home with two married heterosexual parents in their first marriage. This is a marked change from 1960, when 73% of children fit this description, and 1980, when 61% did, according to a Pew Research Center analysis of recently-released American Community Survey (ACS) and Decennial Census data. Rapid changes in American family structure have altered the image of whoís gathering for the holidays. While the old ďidealĒ involved couples marrying young, then starting a family, and staying married till ďdeath do they partĒ, the...
  • Everything Is Awesome! Well, not everything. But Americaís looking much better than you think.

    12/25/2014 8:57:19 PM PST · by 2ndDivisionVet · 67 replies
    Politico Magazine ^ | December 24, 2014 | Michael Grunwald
    ood news! The U.S. economy grew at a rollicking 5 percent rate in the third quarter. Oh, and it added 320,000 jobs in November, the best of its unprecedented 57 straight months of private-sector employment growth. Just in time for Christmas, the Dow just hit an all-time high and the uninsured rate is approaching an all-time low. Consumer confidence is soaring, inflation is low, gas prices are plunging, and the budget deficit is shrinking. You no longer hear much about the Ebola crisis that dominated the headlines in the fall, much less the border crisis that dominated the headlines over...
  • U.S. jobless claims fall to seven-week low to seasonally adjusted 280,000

    12/24/2014 7:38:12 AM PST · by SeekAndFind · 7 replies
    Reuters ^ | 12/24/2014 | LUCIA MUTIKANI
    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy's sustained strength. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 280,000 for the week ended Dec. 20, the Labor Department said on Wednesday. It was the lowest reading since Nov. 1 and marked the fourth straight week of declines. "The labor market is tightening up. Any job losses are just normal frictional unemployment in a healthy growing economy," said Chris Rupkey, chief financial economist at MUFG Union Bank in New York.
  • New York Times Insider: Multi-Million Dollar Shortfall Causing Drastic Cuts

    12/23/2014 6:22:16 PM PST · by Beave Meister · 40 replies
    New York Observer ^ | 12/23/2014 | Ken Kurson
    Yesterday, New York Times readers were treated to a beautifully nuanced and balanced and richly detailed feature about a topic very much in the mix. Its author, Ariel Kaminer, came by her story and its scoopóthe first interview with the accused (possibly falsely) rapist of the woman at Columbia who is carrying a mattress around campus to make a statement about campus sexual violenceóby developing deep roots in a narrow beat, higher education. And now, Ms. Kaminer will join a hundred or so of her colleagues on the unemployment line as the Times once again cuts costs by cutting journalists....
  • Time to Bring Back the Truman Democrats

    12/21/2014 8:15:04 PM PST · by SeekAndFind · 49 replies
    Daily Beast ^ | 12/21/2014 | Joel Kotkin
    Democrats are pushing race and environmental issues when they should be embracing the lunch-bucket themes that once built party dominance. Meanwhile, voters flee. Once giants walked this earth, and some of them were Democrats. In sharp contrast to the thin gruel that passes for leadership today, the old party of the people, with all its flaws, shaped much of the modern world, and usually for the better. Think of Franklin Roosevelt or Harry Truman, John Kennedy, or Californiaís Pat Brown, politicians who believed in American greatness, economic growth, and upward mobility. For more than 40 years, the Democratic Party has...
  • Where Did the Jobs Go?

    12/19/2014 7:08:48 PM PST · by 2ndDivisionVet · 16 replies
    Powerline ^ | December 19, 2014 | John Hinderaker
    Somewhat remarkably, given that it has presided over the worst recoveryĖby farĖof the post-war era, the Obama administration tries to slice and dice employment numbers to portray itself as a champion of job creation. There are, indeed, a few more jobs today than there were six years ago. Yet for most Americans, the employment scene has gotten worse, not better. Why is that? Senate Budget Committee staff offer data in explanation: According to BLS data, in November of 2007 there were 23.1 million foreign workers in the United States with jobs. Today, the BLS reports, there are 25.1 million foreign...
  • U.S. jobless claims point to firmer labor market: Down by 6,000 to seasonally adjusted 289,000

    12/18/2014 6:45:16 AM PST · by SeekAndFind · 10 replies
    Yahoo Finance ^ | 12/18/2014 | Lucia Mutikani
    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen. Initial claims for state unemployment benefits dropped by 6,000 to a seasonally adjusted 289,000 for the week ended Dec. 13, the Labor Department said on Thursday. The report came a day after the Federal Reserve offered an upbeat assessment of the labor market and the broader economy, and signaled it could start raising interest rates next year. The U.S. central bank, which has kept its short-term interest rate near zero since December 2008, lowered its unemployment rate forecast on...
  • U.S. Birthrate Declines for Sixth Consecutive Year; Economy Could Be Factor

    12/16/2014 8:42:14 PM PST · by MinorityRepublican · 28 replies
    The New York Times ^ | DEC. 4, 2014 | TAMAR LEWIN
    The number of women in the United States who gave birth dropped last year, according to federal statistics released Thursday, extending the decline for a sixth year. The National Center for Health Statistics reported Thursday that there were 3.93 million births in the United States in 2013, down slightly from 3.95 million in 2012, but 9 percent below the high in 2007. According to the report, the general fertility rate in the United States ó the average number of babies women from 15 to 44 bear over their lifetime ó dropped to a record low last year, to 1.86 babies,...
  • Food Stamp Beneficiaries Exceed 46,000,000 for 37 Straight Months

    12/16/2014 9:57:29 AM PST · by yoe · 19 replies
    CNSnews ^ | December 10, 2014 | Ali Meyer
    The number of beneficiaries who receive compensation from the Supplemental Nutrition Assistance Program (SNAP), otherwise known as food stamps, has topped 46,000,000 for 37 straight months, according to data released by the Department of Agriculture (USDA). In September 2014, which is the latest data from the USDA, there were 46,459,998 Americans who received assistance from the SNAP program. The number of beneficiaries has exceeded 46 million since September 2011, a total of 37 months, or more than three years. [snip]Households on food stamps in September got an average of $252.69 during the month, and the program benefits cost taxpayers $5,748,809,023....
  • Sen. Sessions: 'Super-Elites in Washington and Wall Street Dream of World Without Borders'

    12/15/2014 11:05:02 AM PST · by xzins · 30 replies
    CNS ^ | December 13, 2014 | CNSNews.com Staff
    - 10:13 AM In a speech delivered on the Senate floor Friday as the Senate was debating a 1,603-page government funding bill that will permit President Obama to spend tax dollars to implement his unilateral amnesty, Sen. Jeff Sessions (R.-Ala.) argued that trends in U.S. immigration and employment are depressing the job prospects and income of Americans. "This summer alone the White House met 20 times with business executives, amnesty lobbyists, immigration activists to craft their executive amnesty," Sessions said. "You know who wasnít invited into that room? You, the American citizen. You donít get a say. "These super-elites in...
  • The Vanishing Male Worker: How America Fell Behind

    12/11/2014 3:45:29 PM PST · by 2ndDivisionVet · 57 replies
    The New York Times ^ | December 11, 2014 | Binyamin Appelbaum
    ANNAPOLIS, Md. ó Frank Walsh still pays dues to the International Brotherhood of Electrical Workers, but more than four years have passed since his name was called at the union hall where the few available jobs are distributed. Mr. Walsh, his wife and two children live on her part-time income and a small inheritance from his mother, which is running out. Sitting in the food court at a mall near his Maryland home, he sees some of the restaurants are hiring. He says he canít wait much longer to find a job. But heís not ready yet. ďIíd work for...
  • Jobless claims tick down to 294,000

    12/11/2014 7:12:49 AM PST · by SeekAndFind · 12 replies
    Washington Examiner ^ | 12/11/2014 | Joseph Lawler
    First-time claims for unemployment benefits ticked down to 294,000 for the week ending Dec. 6, the Department of Labor reported Thursday, down from 297,000 the week before and right in line with expectations. The four-week moving average remained just below the 300,000 mark, at 299,250, signaling that layoffs remain low amid an expanding labor market. The Bureau of Labor Statistics reported Friday that the economy added a healthy 321,000 jobs in November. At 5.8 percent, the unemployment rate has plummeted by 1.2 percentage points over the past year. The total number of workers receiving unemployment insurance fell by 95,846 to...
  • 65 Percent of Children in Households on Federal Aid Programs

    12/10/2014 12:21:41 PM PST · by Kaslin · 32 replies
    Townhall.com ^ | December 10, 2014 | Terry Jeffrey
    The Census Bureau reported in a study released this week that 65 percent of American children lived in households taking aid from one or more federal program as of the fall of 2011. "Almost two-thirds (65 percent) of children," said the Census Bureau, "lived in households that participated in at least one or more of the following government aid programs: Temporary Assistance for Needy Families (TANF), the Supplemental Nutrition Assistance Program (SNAP), the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC), Medicaid, and the National School Lunch Program." How to be dependent on government is now one of...
  • 2.5 Million Children Are Homeless in US, New Data Reveals

    12/10/2014 8:37:26 AM PST · by SeekAndFind · 45 replies
    Christian Post ^ | 12/10/2014 | Stephanie samuel
    A historic number of America's youth Ė 2.5 million children Ė are homeless according to a report recently released by the National Center on Family Homelessness. These children, the report shows, are victims of a number of variables that contribute to homelessness including single motherhood, racial disparities and low household incomes. The report, based on data compiled from the U.S. Department of Education and the Census Bureau, reveals that many of the nation's homeless children are on the verge of losing their housing, don't have a fixed residence, are living in places not designated for human beings, or are living...
  • Transparency! Thereís Far Less Than Meets the Eye in Novemberís 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‚Äôs Press [2], reporter Christopher Rugaber described the economy‚Äôs pickup of 321,000 payroll jobs in November as ‚Äúbooming.‚ÄĚNot so fast, pal.Even if you accept that November‚Äôs seasonally adjusted result fairly reflects the underlying reality ¬ó and it doesn‚Äôt, which will be shown shortly ¬ó it will only be ‚Äúbooming‚ÄĚ 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‚Äôs presidency in the 1980s had a streak of 19 out of 20 months with an equal or...
  • There Has Never Been A Greater Portion Of America Living On Food Stamps

    12/08/2014 9:25:39 AM PST · by SeekAndFind · 7 replies
    Zero Hedge ^ | 12/08/2014 | Tyler Durden
    Friday's jobs data proves it - America is back baby!!! Or is it all totally manipulated statistical shenanigans? A quick glimpse at the following charts two rather uncomfortably 'non-recovery-like' lines - of structural unemployment and the percent of the US population of Food Stamps - would suggest that for much of America, the recovery never happened... and in fact has got worse...††
  • Displaced IT workers are being silenced

    12/08/2014 6:45:38 AM PST · by Ghost of SVR4 · 40 replies
    ComputerWorld ^ | 12-04-2014 | Patrick Thibodeau
    A major problem with the H-1B debate is the absence of displaced IT workers in news media accounts. Much of the reporting is one-sided -- and there's a reason for this. An IT worker who is fired because he or she has been replaced by a foreign, visa-holding employee of an offshore outsourcing firm will sign a severance agreement. This severance agreement will likely include a non-disparagement clause that will make the fired worker extremely cautious about what they say on Facebook, let alone to the media. On-the-record interviews with displaced workers are difficult to get. While a restrictive severance...
  • Something Stinks Inside The BLS Jobs Data

    12/07/2014 3:42:58 PM PST · by SeekAndFind · 12 replies
    Alhambra Investment Partners via Zero Hedge ^ | 12/07/2014 | Jeffrey Snider, via Alhambra Investment Partners,
    Submitted by Jeffrey Snider, via Alhambra Investment Partners,The juxtaposition could not be more fitting with all that is transpiring at this moment in economic history. On Monday, the headlines were filled with, Black Friday Fizzles as Sales Tumble 11% and ‚ÄėBlack Friday‚Äô Fades as Weekend Retail Sinks 11%. Then the ‚Äúemployment‚ÄĚ report comes out and now the headlines are, More Jobs and Higher Wages: U.S. Recovery Starts to Hit Home and Hiring Surge Gives U.S. Expansion a Lift Into 2015. The problem is one of mutual exclusivity as both narratives are totally inconsistent with each other even when factoring...
  • Full-Time Jobs Down 150K, Participation Rate Remains At 35 Year Lows, "No Job Market For Young Men"

    12/05/2014 8:44:55 AM PST · by GilGil · 21 replies
    Zerohedge ^ | 12-5-2014 | Tyler Durden
    Survey was nowhere close to confirming the Establishment Survey data, suggesting jobs rose only by 4K from 147,283K to 147,287K, and furthermore, the breakdown was skewed fully in favor of Part-Time jobs, which rose by 77K while Full-Time jobs declined by 150K.
  • US adds 321,000 jobs in November, the most in nearly 3 years

    12/05/2014 6:54:03 AM PST · by SeekAndFind · 24 replies
    Corpus Christi Caller ^ | 12/05/2014 | Christopher Rugaber
    WASHINGTON - A burst of U.S. hiring in November ó the most in nearly three years ó added 321,000 jobs and provided the latest evidence that the United States is outperforming other economies throughout the developed world. In addition, the government said Friday that 44,000 more jobs were added in September and October combined than it had previously estimated. Job gains have averaged 241,000 a month this year, putting 2014 on track to be the strongest year for hiring since 1999. The unemployment rate remained at a six-year low of 5.8 percent. November's robust job growth, reflecting a steadily rising...
  • Weekly jobless claims fall to 297,000 as firms reduced planned layoffs

    12/04/2014 7:30:39 AM PST · by SeekAndFind · 14 replies
    Los Angeles Times ^ | 12/04/2014 | By JIM PUZZANGHERA
    Initial jobless claims fell back below 300,000 last week as companies sharply reduced planned layoffs in November in a positive sign for the labor market ahead of the monthly jobs report. About 297,000 applied for first-time unemployment benefits, down 17,000 from the previous week's revised level, the Labor Department said Thursday. The figure, which was in line with analyst expectations, remained above the post-Great Recession low of 266,000 reached in October. The less-volatile four-week average was 299,000, up 4,750 from the previous week. Economists say weekly claims below 300,000 are a sign of a healthy job market. Claims had been...
  • Economy Doesn't Make Clinton a Favorite in 2016

    12/03/2014 5:41:36 PM PST · by 2ndDivisionVet · 11 replies
    RealClearPolitics ^ | December 3, 2014 | Sean Trende
    Iíd intended to write about the Democratic and Republican primaries this week, but an article from the New Republicís very smart Danny Vinik caught my eye. So, the primaries will have to wait. Referencing a piece by Ed Luce in the Financial Times, Vinik writes that Luce ďoverlooks a fundamental reason why [Hillary Clinton] is the early [2016] favorite: The economy is quickly improving under a Democratic president.Ē Vinik then cites political science research suggesting that the economy is the crucial factor in predicting elections. This is true. But there are other factors to consider as well; no model of...
  • ADP: US employers added 208,000 jobs in November 2014

    12/03/2014 12:05:35 PM PST · by SeekAndFind · 10 replies
    CSM ^ | 12/03/2014
    WASHINGTON ó U.S. businesses hired at a solid pace last month, according to a private survey, a signal that Friday's November jobs report from the government will likely also show strength. Payroll processer ADP said Wednesday that companies added 208,000 jobs in November, the third straight month that hiring has topped 200,000. The figures suggest that businesses remain confident enough in the economy and their customer demand to add workers despite sluggish growth overseas. October gains were revised up slightly to 233,000 from an initially reported 230,000," Barclays Research economist Jesse Hurwutz wrote in an e-mailed analysis. "Goods-producing employers added...
  • NYC: 78% of Abortions Were Black and Hispanic Babies

    12/01/2014 2:09:46 PM PST · by Morgana · 17 replies
    CNS news ^ | December 1, 2014 | Michael W. Chapman
    (CNSNews.com) Ė In New York City, 77.56% of the abortions in 2011 were performed on Black and Hispanic babies, according to the latest data from the Centers for Disease Control and Prevention (CDC). The Abortion Surveillance report published by the CDC, for which the latest abortion numbers are for 2011, show there were 76,251 abortions in New York City that year. For that total, 9,550 abortions were of white babies, which is 12.5% of the total; 35,188 babies were black (46.1% of total); 23,959 were Hispanic (31.4%); and another 7,554 ďotherĒ abortions, 9.9%, which includes Asians and Native Americans, as...
  • Oregon Police Dog ĎCashí Fired for Poor Performance ... Fear of Heights and Unfitness for Duty Cited

    11/29/2014 6:37:37 PM PST · by DogByte6RER · 43 replies
    The Washington Times ^ | Friday, November 28, 2014 | Cheryl K. Chumley
    Oregon police dog ĎCashí fired for poor performance A Belgian Malinois trained to be the ninth member of a Cannon Beach, Oregon, police force has been given the boot, evidently unfit for the field of law enforcement. Two-year-old ďCashĒ was dismissed before he even got to see action, The Associated Press reported. Among his many faults: He was afraid of heights. He had barking difficulties. And he startled at the slightest of noises, AP reported. On top of that, he couldnít perform one of his key roles ó jumping into high spots, like counters, to sniff out drugs. Instead, heíd...
  • Will President Obamaís Immigration Policy Hurt Americaís Unemployed?

    11/27/2014 10:49:20 AM PST · by Kaslin · 34 replies
    Townhall.com ^ | November 27, 2014 | Paul Dykewicz
    resident Barack Obama tried to put a positive spin on his decision to issue an executive order to give several million illegal aliens clemency but his move also may have an unintended consequence of creating heightened job competition for Americaís unemployed. Despite President Obamaís historic role as the countryís first African head of state, his new policy actually may hurt unemployed African Americans as much as any segment of the U.S. population. The addition of nearly 5 million people into the mainstream workforce to seek employment will increase competition for jobs and put downward pressure on wages, at least in...
  • Nearly 1 in 5 Households Will Celebrate Thanksgiving on Food Stamps

    11/26/2014 11:37:49 PM PST · by 2ndDivisionVet · 27 replies
    CNS News ^ | November 26, 2014 | Staff
    Nearly one in five U.S. households will celebrate Thanksgiving on food stamps this year, according to the latest data from the U.S. Department of Agriculture on participation in the Supplemental Nutrition and Assistance Program. Back in fiscal 2000, there were 106,061,000 households in the United States and, according to a USDA report published in November 2012, there was a monthly average of 7,335,000 householdsóor 6.9 percentógetting food stamps that year. As of this August, according to the most recent data released by USDA, there were 22,729,389 households on food stamps. That equaled 19.75 percent of 115,048,000 households in the country...
  • U.S. Jobless Claims Rise To 313K

    11/26/2014 11:22:09 AM PST · by SeekAndFind · 14 replies
    Morningstar ^ | 11/26/2014
    WASHINGTON-The number of Americans seeking first-time jobless benefits leapt last week but remained at a level suggesting steady job growth. Initial jobless claims rose 21,000 to a seasonally adjusted 313,000 in the week ended Nov. 22, the Labor Department said Wednesday. Economists surveyed by The Wall Street Journal had expected 289,000 new claims. Updated figures put the prior week's level at 292,000, up from an initially reported 291,000. Last week's spike marked the first time since early September that new claims exceeded 300,000. Jobless claims are volatile, tending to fluctuate week to week. The four-week moving average of jobless claims,...
  • What Obama Plan Misses

    11/25/2014 7:47:08 AM PST · by Academiadotorg · 8 replies
    Accuracy in Academia ^ | November 24, 2014 | Malcolm A. Kline
    The Constitutional law professor in the White House missed a few key details in his pitch to halt the deportation of several million illegal aliens, according to another law professor. ďI thought it was a pretty good speech, except for the facts,Ē Jay Ting, a law professor at Temple said last Friday in remarks at the Heritage Foundation. For one thing, ďQualified legal immigrants have waited 20 yearsĒ to become citizens, Ting observed. Ting served as an attorney in the U. S. Justice Department during the administration of George H. W. Bush. Moreover, ďThere are those on the other side...
  • How the Obama immigration policy will affect black unemployment

    11/21/2014 4:40:49 PM PST · by EveningStar · 9 replies
    Facebook ^ | November 20, 2014 | Calvin D. King
    I get a lot of flack from people regarding my lack of regard for El Presidente Obama. Some of it is good natured ribbing. Some of it is downright nasty. I actually hate that I couldn't be a part of the euphoria that was the First Blackish President. I have no allegiance to White America, Black America or any other hyphenated class or socioeconomic status. I am conservative minded but I am no Republican. I just know enough history, enough policy, and enough reality to not be pulled into the fold. So now we are faced with immigration. Those on...
  • Initial Jobless Claims Hit 2-Month Highs, Continuing Claims Tumble To 14-Year Lows

    11/20/2014 6:54:51 AM PST · by GilGil · 15 replies
    Zerohedge ^ | 11/20/2014 | Tyler Durden
    It is still far too early to call a turn in the long-term trend of initial jobless claims but this is the 5th week that new lows have not been made, 4th miss in a row, and (despite last week's upward revision) claims sit at 2-month highs. Initial claims printed 291k (against 284k expectations) down very slightly from an upwardly revised 293k last week. However, continuing claims continue to tumble to fresh cycle lows at 2.33 million (below expectations and well down from last week's jump).
  • Americans think the unemployment rate is 32 percent

    11/16/2014 5:32:16 PM PST · by 2ndDivisionVet · 48 replies
    Vox ^ | November 15, 2014 | Danielle Kurtzleben
    The latest jobs report showed the unemployment rate was at its lowest level in six years, 5.8 percent. But Americans aren't convinced that things are nearly that good. In a recent Ipsos-MORI poll, 1,001 Americans were asked, "Out of every 100 people of working age, how many do you think are unemployed and looking for work?" Their average response was 32. That's almost 26 percentage points higher than the 6.1-percent jobless rate in August, when the poll was conducted. Americans are way, way off here. But they aren't alone. Here's how other countries' average estimated unemployment rates stack up to...
  • Giving up: 40% women, 28% men, 39% youth don't want a job

    11/14/2014 7:28:35 AM PST · by george76 · 56 replies
    Washington Examiner ^ | November 14, 2014 | Paul Bedard
    Nearly four in 10 Americans, or 92 million, are not in the labor force and now thereís a reason why: They have simply given up and donít want to work. According to the Bureau of Labor Statistics, the largest group of people not in the labor force are those who donít want a job, a remarkable statement on the nationís work ethic. The federal job counter said that 85.9 million adults last month didnít want a job, or 93 percent of all adults not in the labor force. ... Pew said that 39 percent of 16- to 24-year-olds donít want...
  • U.S. jobless claims rise to 290,000 but still close to 14-year low

    11/13/2014 7:37:10 AM PST · by SeekAndFind · 22 replies
    Reuters ^ | 11/13/2014 | Jason Lange
    The number of Americans filing new claims for unemployment benefits rose more than expected last week, yet it remained near a 14-year low in a reminder that the labor market appears to be moving toward full health. Initial claims for state unemployment benefits rose 12,000 to 290,000 for the week ended Nov. 8, the Labor Department said on Thursday. Economists polled by Reuters had forecast a smaller increase. Claims have now been below 300,000 for nine straight weeks, and in October hit their lowest level since 2000 at 266,000. "This increase is nothing to worry about," said Ian Shepherdson, an...
  • John Williams' Take On The October Unemployment Report: "The Economy Remains In Terrible Shape"

    11/10/2014 10:17:45 AM PST · by blam · 5 replies
    Zero Hedge - Shadow Stats ^ | 11-10-2014 | Tyler Durden - John Williams
    Tyler Durden 11/10/2014 When it comes to inflation data, there are two parallel sources: the BLS, and ShadowStats' John Williams, who continues to plough through the underlying "data" using pre-pre-pre-revision protocols, and every month reveals a parallel universe in which something shocking is revealed: the truth. Here is his take on the October "weaker but really stronger than expected" jobs numbers. Here is what really happened. From ShadowStats Never Recovered, the Economy Remains in Terrible Shape. The large number of opening headlines in todayís (November 9th) missive reflects various stories, ranging from twisted unemployment data, to an election dominated by...
  • Why a Better Jobs Picture Didn't Save the Democrats

    11/10/2014 8:19:53 AM PST · by SeekAndFind · 46 replies
    RCM ^ | 11/10/2014 | Louis Woodhill
    As reported by the Bureau of Labor Statistics (BLS) on Friday, October was a good month for jobs. Full-time-equivalent (FTE)* employment increased by 617,000. This was the sixth-highest monthly total seen during the economic recovery that began in July 2009, and it was far above the 122,000 average over the 64 months since then. Meanwhile, labor force participation, the unprecedented fall in which has been the big ongoing story of the Obama economic recovery, actually increased slightly during October. This meant that the reported decline in the unemployment rate to 5.8%, from 5.9% in September, was "real." While the BLS...
  • Why many arenít celebrating low US unemployment (disingenuous AP)

    11/08/2014 9:32:08 AM PST · by Olog-hai · 32 replies
    Associated Press ^ | Nov 8, 2014 11:53 AM EST | Josh Boak
    The unemployment rate no longer seems to reflect Americaís mood. Fridayís strong jobs report showed that the jobless rateóthe most closely watched gauge of the economyís healthóis down to 5.8 percent. A year ago, the rate was 7.2 percent. Five years ago, it was 10 percent. Itís the kind of sustained decline that would normally suggest a satisfied public. Not so much anymore. [Ö] Many Americans donít feel they've benefited from falling unemployment any more than they have from a sustained rise in the stock market or from solid U.S. economic growth. Some hints of their discontent can be found...
  • Jobs Mirage Caught Up with Obama, Dems

    11/08/2014 5:49:28 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | November 8, 2014 | John Ransom
    On the heels to two so-so jobs reports‚ÄĒone from the government, one from ADP-- the spotlight remains firmly on the non-jobs recovery that Obama and the Democrats were successfully able to cover up for six years. The government reported jobs growth of 214,000 jobs for the month of October this week. While the number is okay, it is nowhere near what is needed to heal the wounds to the labor market.As our own Peter Morici observed:The official jobless rate is 5.8 percent, down from its recession peak of 10 percent, but that has been mostly accomplished by encouraging prime working-aged...
  • U.S. Economy Adds 214K Jobs, Unemployment Rate Falls to 5.8%

    11/07/2014 6:55:02 AM PST · by SeekAndFind · 58 replies
    Fox Business News ^ | 11/7/2014 | By Dunstan Prial
    The U.S. economy added 214,000 jobs in October, lower than the 231,000 jobs economists expected but still enough to maintain labor market momentum as the Federal Reserve ponders a timetable for raising interest rates. While the number of jobs created came in under expectations, the headline unemployment rate dropped to 5.8%, the lowest level since July 2008, and under the 5.9% rate in September, according to numbers released today by the U.S. Department of Labor. The report doesn't slow the momentum started in September when 248,000 jobs were created, far more than expected. The 214,000 jobs gained in October represented...
  • US jobless claims fall by 10,000 to hit a 14-year low (+video)

    11/06/2014 12:20:50 PM PST · by SeekAndFind · 13 replies
    CSM ^ | 11/6/2014
    Fewer people applied for U.S. unemployment benefits last week, a sign that the job market should continue to improve. The Labor Department said Thursday that weekly applications fell 10,000 to a seasonally adjusted 278,000. The four-week average, a less volatile measure, declined 2,250 to 279,000, the lowest level in more than 14 years. Applications are a proxy for layoffs and have fallen 18.5 percent in the past year. This suggests rising economic confidence among businesses, causing them to keep their workers and potentially look to hire more employees. "The Labor Department noted no special factors in this weekís report," Jesse...
  • What's Causing the Wage Stagnation?

    11/06/2014 7:57:13 AM PST · by SeekAndFind · 44 replies
    RCM ^ | 11/6/2014 | Robert Samuelson
    I recently wrote about sluggish and stagnant wages, which are said to weaken the economy's recovery. I argued that workers' fear of losing their jobs is an important - perhaps decisive - explanation. In a nutshell: Frightened of being fired and being unable to find a new job, workers are less inclined to quit and search for something better. Therefore, employers don't have to raise wages, or can raise them less, to retain their best workers. Wage gains have been running at about 2 percent annually, a bit above the rate of inflation. There are many competing theories. The most...
  • Satire: Republicans Manipulating Statistics for Political Gain

    11/01/2014 9:57:04 AM PDT · by John Semmens · 3 replies
    Satire ^ | 31 Oct 2014 | John Semmens
    In remarks this week, former President Bill Clinton denounced GOP attempts to "cash-in" on people's "misery" under Democratic policies and programs for "political gain." "Republicans want voters to focus on the lack of economic growth and the huge number of people who can't get jobs since Democrats took control of the federal government," Clinton complained. "They want voters to overlook the flip side of this coin. Expansion of benefit programs have made work unnecessary for a growing segment of the population. The increased amount of leisure time our policies have made possible doesn't show up in the statistics Republicans like...
  • How Universal Basic Income Will Save Us From the Robot Uprising

    11/01/2014 6:58:22 AM PDT · by Malone LaVeigh · 73 replies
    io9 ^ | 10/31/14 | George Dvorsky
    Robots are poised to eliminate millions of jobs over the coming decades. We have to address the coming epidemic of "technological unemployment" if we're to avoid crippling levels of poverty and societal collapse. Here's how a guaranteed basic income will help ó and why it's absolutely inevitable.
  • President Barack Obama's Legacy Pitch

    10/30/2014 8:35:37 AM PDT · by pabianice · 19 replies
    Politico ^ | 10/30/14 | Brown, Epstein
    Speaking to a mostly white college audience: "ďThis progress has been hard but it has been steady and it has been real,Ē Obama said at Northwestern University on Oct. 2. ďAnd itís the direct result of the American peopleís drive and their determination and their resilience, and itís also the result of sound decisions made by my administration. So it is indisputable that our economy is stronger today than when I took office.Ē Obama griped to party donors several days later that his accomplishments are a mystery even to his most loyal supporters. ďMost of you donít know the statistics...
  • U.S. Weekly Jobless Claims Tick Up To 287,000

    10/30/2014 7:13:51 AM PDT · by SeekAndFind · 13 replies
    RTT News ^ | 10/30/2014
    First-time claims for U.S. unemployment benefits saw a modest increase in the week ended October 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 287,000, an increase of 3,000 from the previous week's revised level of 284,000. Economists had expected jobless claims to tick up to 285,000 from the 283,000 originally reported for the previous week. With the modest increase, jobless claims climbed further off the fourteen-year low of 266,000 set in the week ended October 11th. However, the Labor Department said the four-week moving average dipped to...
  • Suit Filed to Halt Work Requirements for Food Stamp Recipients in New Mexico

    10/28/2014 7:52:43 AM PDT · by Zakeet · 7 replies
    Brietbart ^ | October 28, 2014 | Awr Hawkins
    On October 27, the New Mexico Center for Law and Poverty, the Southwest Organizing Project, and a number of food stamp recipients filed suit to halt work requirements for food stamp recipients which are set to go into effect in November. The Associated Press reports the changes would require "some childless adults [to] work in order to receive food stamps." Other recipients would have to "search for a job or participate in community service or job training."
  • Food Stamps, without Work Requirements: In 42 states, Able-bodied collect benefits without working.

    10/28/2014 7:54:08 AM PDT · by SeekAndFind · 19 replies
    National Review ^ | 10/28/2014 | Jillian Kay Melchior
    The Great Recession ended more than 1,900 days ago, and the national unemployment rate is 5.9 percent ó but many able-bodied adults in 42 states nevertheless continue to collect long-term food-stamp benefits without working, volunteering, or training for a job. Unless a state has extraordinarily high unemployment or a dearth of jobs, able-bodied adults who are younger than 50 and without a dependent must spend 20 hours a week productively if they wish to continue drawing food-stamp benefits longer than three months ó or so says a policy enacted as part of the 1996 welfare reforms. But Congress temporarily suspended...
  • Cotton: Amnesty Would Drive Down Wages and Increase Unemployment

    10/28/2014 10:00:28 AM PDT · by xzins · 38 replies
    Breitbart ^ | 27 Oct 2014 | Dan Riehl
    In discussing U.S. immigration policy on Mondayís ďLaura Ingraham Show,Ē U.S. Senate Tom Cotton (R-AR) cited illegal immigration as a ďmajor issueĒ in his race in Arkansas, while also pointing out that based upon non-partisan analysis, the so called Gang of Eight bill previously passed by the Senate "would both drive down wages in America and increase unemployment". "I think we need to get Americans back to work before we worry about increasing the number of guest workers, or temporary visa holders we have in the country," he added. ďIn so many ways, this bill is just like Obamacare --...
  • (Flashback)Unemployment Rate Falls For All The Wrong Reasons

    10/25/2014 7:20:49 AM PDT · by Son House · 2 replies
    CNN Money ^ | April 5, 2013 | Chris Isidore
    The difficulty for younger workers finding jobs is also a factor...The participation rate for those age 16 to 24 was near a 50-year low. Heidi Shierholz, a labor economist with the Economic Policy Institute...She points out that the participation rate of "prime-age" workers, age 25 to 54, also fell to match the lowest reading since 1984. "It's the lack of job opportunities -- the lack of demand for workers -- that is keeping these workers from working or seeking work, not other factors," she said. Shierholz said estimates from the nonpartisan Congressional Budget Office show there are 3.9 million workers...
  • Sen Jeff Sessions: Amnesty Hurts African-Americans the Most

    10/23/2014 7:33:09 AM PDT · by xzins · 27 replies
    Conservative HQ ^ | 10/22/14 | CHQ Staff
    In an exclusive interview conducted by our friend Matt Boyle of Breitbart, Sen. Jeff Sessions of Alabama argued that amnesty for illegal aliens and other immigration policies favored by Obama and the Democrats will be Jeff Sessionsfinancially devastating -- especially to African-American workers. Sessions' passion for putting the interests of working Americans first and his commitment to conservative principles demonstrates once again why he has been steadily rising in our CHQ 2016 presidential straw poll. The Alabama Senator has been a leader in the fight to expose the Democratsí plans to legalize millions of immigrants. Here are a few quotes...