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Keyword: unenjoyment

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  • Last Two Election Cycles, Unemployment Dropped Drastically Right Before Election, Rose Soon After

    10/04/2014 8:24:34 PM PDT · by Perdogg · 26 replies
    In an odd coincidence, the last two election cycles have seen a drastic, unexpected drop in the unemployment rate immediately before the election. And in 2012 and 2010, the unemployment rate increased the month or the next after the election. Just as big a coincidence, both 2014 and 2012 saw the drop come in September, but reported in October, the best time to report supposed good news on the economy.
  • Recent Job numbers favor Democrats

    10/04/2014 7:40:14 AM PDT · by SeekAndFind · 33 replies
    New York Post ^ | 10/04/2014 | John Crudelle
    Advantage, Democrats — unless the 248,000 new jobs in September suddenly force Republicans to go on the offensive. I will explain in a second what the Republicans’ next move could be. But first, you may have read that the Labor Department on Friday, in its last jobs report before the mid-term elections, revealed that job growth and the unemployment rate both improved nicely in September — in fact, better than I expected. That’s going to make the Republican battle to take over the Senate a lot harder because issue No. 1 with Americans is the economy. Jobs = votes. In...
  • Last Two Election Cycles, Unemployment Dropped Drastically Right Before Election, Rose Soon After

    10/03/2014 1:35:03 PM PDT · by therightliveswithus · 16 replies
    Pundit Press ^ | 10/3/14 | Aurelius
    In an odd coincidence, the last two election cycles have seen a drastic, unexpected drop in the unemployment rate immediately before the election. And in 2012 and 2010, the unemployment rate increased the month or the next after the election. Just as big a coincidence, both 2014 and 2012 saw the drop come in September, but reported in October, the best time to report supposed good news on the economy. This comes on the heels of this election cycle's surprise news that the unemployment rate decreased .2% to 5.9%., a mere two months after the unemployment rose to 6.2%. For...
  • Hedge Fund Manager Kyle Bass: Unemployment Rate Is 'Rigged', Closer to 11%

    09/24/2014 2:46:20 PM PDT · by SeekAndFind · 10 replies
    Real Clear ^ | 09/24/2014
    America's unemployment rate as measured by the Labor Department vastly underrepresents the number of Americans actually out of work, hedge fund manager Kyle Bass told CNBC. Earlier this month, the government said the nation's unemployment rate fell to 6.1 percent in August, while job growth cooled with just 142,000 nonfarm payrolls added. "Look at unemployment, the way it's calculated is it's semi-rigged," he argued in a "Squawk Box" interview. "It will trend down to the 5 percent range just because people stop looking for a job." "If you take everyone that has dropped out of the workforce since the beginning...
  • 4 Of 5 Top Job Additions In September Were Low Or Minimum Wage

    10/03/2014 7:09:52 AM PDT · by SeekAndFind · 14 replies
    Zero Hedge ^ | 10/03/2014 | Tyler Durden
    div class="content">Interested why despite the euphoric headline NFP print, a cursory glance deeper inside the payrolls report reveals weakness after weakness, with both participation plunging again and wages the worst since last summer? Here is the answer: 4 of the top 5 largest job additions in September, retail trade, leisure and hospitality, education and health and temp help, were of the lowest quality, and paying, jobs possible. So yes, America added a whole lot of minimum wage waiters, store clerks, groundskeepers and temps: truly the stuff New Normal "recoveries" are made of.
  • Obama's Illinois: Food Stamp Growth Exceeds New Jobs

    09/17/2014 3:41:34 PM PDT · by raptor22 · 12 replies
    Investor's Business Daily ^ | September 16, 2014 | IBD EDITORIALS
    Economy In Crisis: A new study by the Illinois Policy Institute shows in the past four years, the number of new food-stamp recipients in the state has outpaced new jobs nearly 2-to-1. Illinois Democratic Gov. Pat Quinn, locked in a tight re-election battle with self-made billionaire Republican Bruce Rauner, has been arguing that Illinois, arguably the bluest of blue states, has turned the fiscal corner and is on its way back. The recovery may be slower than Quinn wants it to be — but, he says, it is real. It is an odd recovery, though, that makes more people dependent...
  • U.S. initial jobless claims fall by 36,000 to 280,000 last week

    09/18/2014 6:27:18 AM PDT · by SeekAndFind · 19 replies
    Investing ^ | 09/18/2014
    The number of people who filed for unemployment assistance in the U.S. last week fell to the lowest level since mid-July, fuelling optimism over the strength of the labor market, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 13 decreased by 36,000 to a seasonally adjusted 280,000 from the previous week’s revised total of 316,000. Analysts had expected jobless claims to fall by 11,000 to 305,000 last week. Continuing jobless claims in the week ended September 6 fell to 2.429...
  • Weekly Jobless Claims Rise Less than Expected, Point to Firming Labor Market

    09/25/2014 8:34:45 AM PDT · by mykroar · 19 replies
    FoxBusiness.com ^ | 9/25/14 | Reuters
    <p>The number of Americans filing new claims for unemployment benefits rose less than expected last week, suggesting an acceleration in job growth in September.</p> <p>Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 293,000 for the week ended Sept.20, the Labor Department said on Thursday.</p>
  • The Great Recession: The financial crisis that keeps on giving

    09/29/2014 2:01:22 PM PDT · by SeekAndFind · 6 replies
    Los Angeles Times ^ | 09/29/2014 | SCOTT MARTELLE
    The Great Recession has lasted a lot longer for some than for others. A new survey from Rutgers University’s John J. Heldrich Center for Workforce Development found that “one in five workers - or nearly 30 million people - say they were laid off from a job in the past five years," dating back to the end of the recession in June 2009. "Nearly 4 in 10 of these laid-off workers say they searched for a job for more than seven months before finding another one; one in five workers laid off during the past five years never found another...
  • U.S. Weekly Jobless Claims Unexpectedly Drop To 287,000 [4th straight week below 300,000]

    10/02/2014 6:42:41 AM PDT · by SeekAndFind · 21 replies
    RTT News ^ | 10/02/2014
    First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended September 27th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 287,000, a decrease of 8,000 from the previous week's revised level of 295,000. The pullback came as a surprise to economists, who had expected jobless claims to climb to 297,000 from the 293,000 originally reported for the previous week. The Labor Department said the less volatile four-week moving average also edged down to 294,750, a decrease of 4,250 from the previous week's revised average of 299,000. With...
  • "Discussion" of Unemployment on Bloomberg. Bring back JOBS to America.

    10/03/2014 5:14:14 AM PDT · by Cringing Negativism Network · 12 replies
    Bloomberg News | 10/3/2014 | (rant)
    This morning I'm watching Bloomberg news, and they just started the hour with a quick discussion of unemployment, in anticipation of the week's statistics. I am left distinctly unenthused by the nature of that "discussion". Nobody is talking about unemployment, as a lack of jobs. We have as a country, one big problem. We have sent millions of AMERICAN JOBS to other countries. Many to the Peoples Republic of China. Our solution is so simple. America needs to bring back American jobs. Nobody is willing to say that. We continue as a nation to run a 30 billion trade deficit...
  • .S. Added 248,000 Jobs in September, Unemployment Rate Falls to 5.9%

    10/03/2014 6:09:50 AM PDT · by mykroar · 27 replies
    FoxBiz.com ^ | 10/3/14 | Dunstan Prial
    The U.S. economy added 248,000 jobs in September as labor markets rediscovered the momentum gained earlier this year. The headline unemployment rate dropped unexpectedly to 5.9% from 6.1% The better-than-expected figures are certain to rekindle the debate over the timing and trajectory of interest rate hikes by the Federal Reserve, as the positive report will have many economists looking for rates to move higher sooner rather than later. In August the economy generated just 142,000 new jobs, well below expectations on weakness in major sectors including manufacturing, retail and transportation. That number was revised upward to 180,000 on Friday, according...
  • U.S. unemployment rate drops to 6-year low at 5.9%

    10/03/2014 7:05:04 AM PDT · by SeekAndFind · 74 replies
    CRAIN's CLEVELAND BUSINESS ^ | 10/03/2014 | SCOTT SUTTELL
    The U.S. unemployment rate is below 6% for the first time in more than six years. The U.S. Bureau of Labor Statistics reported Friday morning, Oct. 3, that the economy added 248,000 jobs in September, pushing the unemployment rate down to 5.9% from 6.1% in August. The unemployment rate hadn’t been below the 6% mark since July 2008, according to BLS historical data. Employment increased most strongly in professional and business services, retail trade and health care, the government said. The government said the number of people unemployed in September declined by 329,000 to 9.3 million. During the last year,...
  • Who Needs Work When We Have Obama?

    10/04/2014 4:18:48 AM PDT · by Kaslin · 25 replies
    Townhall.com ^ | October 4, 2014 | John Ransom
    While many will be giddy because the BLS reported that job creation came in at 248,000, well above analysts expectations-- and because unemployment ticked down to 5.9 percent-- make no mistake: this is still a bad job market.ThatÂ’s because another 315,000 people left the labor force last month. When adding in the numbers of people who entered the civilian population (217,000) job creation is hardly keeping up with population growth.The job gains, in fact, are not much better than in previous years. When one accounts for part-time work, discouraged workers and those who have dropped out of the labor force...
  • Everything You Need to Know About Friday's Jobs Numbers

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

    10/04/2014 8:48:31 AM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 10/04/14 | Alan Joel
    Northeast States: For an area that used to be a political powerhouse, it is becoming increasingly marginalized due to excessive taxes and the ensuing population shift I have written on this subject before, and now the affects of high taxes and population migration are playing out in a substantial, political way: the decline of about 40% of Congressional seats in the Northeast. According to the Census Bureau, high taxpayers are moving south. It notes that in the 11 states that comprise the Northeast, population grew at a rate of only 15% over the thirty year span from 1983-2013, while the...
  • GOP Refusal to Extend Unemployment Benefits Leads to Job Growth

    10/04/2014 9:56:11 AM PDT · by John Semmens · 1 replies
    Semi-News/Semi-Satire ^ | 3 Oct 2014 | John Semmens
    A study published by the New York Federal Reserve found that the number of job openings rose by an estimated 20% in the six months following the lapse of the federal government's extended unemployment benefits. The lapse occurred because the Republican controlled House refused to vote to extend the benefits. Fatih Karahan, one of the authors of the study, cited the "mutually reinforcing effects of decreasing the burden on businesses to fund the benefits and decreasing the incentives of recipients to shun employment. If your tax burden of supporting benefits declines you can afford to hire more workers. Similarly, if...
  • GOVERNOR PERRY: UNEMPLOYMENT FIGURES SHOW TEXAS KEEPING AMERICA AFLOAT

    04/06/2014 12:47:13 PM PDT · by Jim Robinson · 26 replies
    Breitbart ^ | April 6, 2014 | by KRISTIN TATE
    HOUSTON, TEXAS--According to new statistics from the Labor Department, 16,000 new people sought U.S. unemployment benefits. This brought the seasonally adjusted figure to 326,000. In addition, the national employment holds at 6.7 percent. Meanwhile in Texas, the job market is booming and companies are expanding at a rapid rate. Texas Governor Rick Perry said the state is home to a thriving job market due to business-friendly policies and a predictable regulatory climate. Perry told Breitbart Texas, "We've been below the national average of unemployment for over 80 months. We have 1,000 plus people moving into the state per day. So...
  • Congressional Budget Office: Wage hike would lift pay but cost jobs

    02/22/2014 3:48:22 AM PST · by Yosemitest · 22 replies
    www.FoxNews.com ^ | February 18, 2014
    A plan by President Obama and fellow Democrats to increase the minimum wage to $10.10 an hour would cost roughly 500,000 jobsbut increase wages for roughly 16.5 million Americans, the nonpartisan Congressional Budget Office said Tuesday. The report was immediately met with sharp Republican criticism for the wake hike plan. “While helping some, mandating higher wages has real costs, including fewer people working,” said a spokesman for House Speaker John Boehner, R-Ohio. “With unemployment Americans' top concern, our focus should be creating -- not destroying -- jobs for those who need them most.” ...Republicans argued the report puts authoritative weight...
  • Unemployment Explained: Obama's Disability Scammers

    05/07/2012 1:12:58 AM PDT · by Kaslin · 28 replies
    Townhall.com ^ | May 6, 2012 | John Ransom
    I have to credit our own Mike Shedlock for writing about how Obama’s been able to drive down the topline unemployment number even though unemployment remains as a big problem today as it has ever been. I’m often reluctant to piggy back on a contributor’s work, but when something is really newsworthy, I think it’s justified. Yesterday Mish pointed out that:In the last year, the civilian population rose by 3,638,000. Yet the labor force only rose by 945,000. Those not in the labor force rose by 2,693,000. In the last month, actual employment fell by 169,000, but the unemployment rate...
  • 2.2 Million Go On Disability Since Mid-2010; Fraud Explains Falling Unemployment Rate

    05/06/2012 6:45:31 AM PDT · by Kaslin · 63 replies
    Townhall.com ^ | May 6, 2012 | Mike Shedlock
    Since mid-2010, precisely at the time millions of US citizens used up all of their 99 week of unemployment insurance, disability claims have risen by 2.2 million. Those on disability are not counted in the workforce and are not considered unemployed. Please consider Disabled Americans Shrink Size of U.S. Labor Force
  • Jobs report shows effects of the incredible shrinking U.S. labor force

    05/04/2012 6:44:14 PM PDT · by tobyhill · 20 replies
    WASHINGTON POST ^ | 5/4/2012 | staff
    If the same percentage of adults were in the workforce today as when Barack Obama took office, the unemployment rate would be 11.1 percent. If the percentage was where it was when George W. Bush took office, the unemployment rate would be 13.1 percent. That helps explain a seeming contradiction in the unemployment numbers — the rate keeps dropping even though job creation has been soft. In April, the U.S. economy added a mere 115,000 jobs, according to Bureau of Labor Statistics data released Friday. In a normal month, that would not even be enough to keep up with new...