The national unemployment rates gets lots of attention, and lately more attention has been paid to the workforce participation rate since more Americans have given up looking for a job, but we can also see that an astounding 100 million Americans don’t have jobs. Specifically, these are people who are part of the civilian over-16 non-institutional ... MORE
Showing posts with label jobless. Show all posts
Showing posts with label jobless. Show all posts
Eddy Dlfenbein: 100 Million Americans Without Jobs
The national unemployment rates gets lots of attention, and lately more attention has been paid to the workforce participation rate since more Americans have given up looking for a job, but we can also see that an astounding 100 million Americans don’t have jobs. Specifically, these are people who are part of the civilian over-16 non-institutional ... MOREPeter Morici: Discouraged Americans Quit Looking To Work
Despair is setting in. The economy added 115,000 jobs in April -- much less than expected and not enough to keep up with natural population growth. The unemployment rate fell to 8.1% because another 522,000 adults quit looking for work and are no longer counted. In the weakest recovery since the Great Depression more than four-fifths of the reduction in ... MORESteve Chapman: The Minimum Wage Mirage
All workers are not worth $9.80 an hour. Unemployment remains high; job growth is sluggish; and millions of Americans have given up hope of ever finding work. So how do creative legislators propose to generate new hiring? Easy: Make it more expensive. That's right. In Congress and several states, some lawmakers want to increase the legally mandated ... MOREAlan Reynolds: Minimum Wage, Maximum Damage
Kicking unemployment up another notch. President George W. Bush signed a bill in May 2007 that would eventually increase the federal minimum wage substantially but gradually, with the last hike in the summer of 2009 after he left office. National unemployment then was only 4.4 percent, and 22 states already had a higher minimum. So, the damage was not felt ... MOREChris W. Bell: Understanding Unemployment Statistics
How is the rate calculated? It may come as a surprise that according to the federal government, an out-of-work person who put in an application at every place in town more than thirty days ago, who scours every available newspaper's want ads every morning, and who visits every job search website on the web with no luck is not counted as unemployed. ... MOREThomas Sowell: Romney's Defining Moment
Missing a basic understanding. Governor Mitt Romney's statement about not worrying about the poor has been treated as a gaffe in much of the media, and those in the Republican establishment who have been rushing toward endorsing his coronation as the GOP's nominee for president — with 90 percent of the delegates still not yet chosen — have been trying to ... MORETim Worstall: Minimum Wage Proven To Be Too High
Youth unemployment proves it. The argument about minimum wages sadly usually consists of two groups of people entirely talking past each other. On the one, wrong, side those who insist that any minimum wage at all is going to mean immediate mass unemployment. On the other, wrong again, side, those who insist that a minimum wage has no effect on ... MORE
Tom McClintock: Job Creation Is No Mystery
Government regulation kills jobs. The government's continuing failure to address our nation's gut-wrenching unemployment stems from a fundamental disagreement over how jobs are created in the first place. We are now in the third year of policies predicated on the assumption that government spending creates jobs. We have squandered three years and trillions of dollars ... MORECarpe Diem: Government Spending Vs Unemployment
The chart of the day. "This chart (inspired by Brian Wesbury) again bears repeating since it lends support to claims by the anti-Keynesians (of which I am one) that the biggest factor that has worked to slow economic growth in recent years is the huge increase in federal spending. The reason? The public sector spends money much less efficiently than the private sector. ... MORE
VIDEO: Thomas Sowell - Jobs Or Snow Jobs?
President Obama's words call for more jobs, but his actions result in fewer.
VIDEO: Steven Crowder Hobnobs With The Occupiers
Products of the American education system on display.
Chad Stafko: The Great Obama Welfare State
Government dependence is at an all-time high. Much has changed in America since Barack Obama was sworn into office as the 44th president of the United States on January 20, 2009. In less than 1,000 days as chief executive of the U.S., President Obama's failed policies and initiatives have resulted in a dizzying array of dismal economic statistics. As it stands now, Obama ... MOREDan Mitchell: Obama's Failure On Jobs
Four damning charts. President Obama may have a buddy-buddy relationship with big labor, but he’s no friend to ordinary workers. Here are four damning pieces of evidence. 1. The unemployment rate remains above 9 percent according to the Labor Department data released on Friday. This is about 2-1/2 percentage points higher than Obama promised if would be at this stage if we ... MOREU.S. Economy Creates No Jobs in August
First time since 1945. Employment growth ground to a halt in August, as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the struggling economy. Nonfarm payrolls were unchanged last month, the Labor Department said Friday. It was the first time since 1945 ... MOREObummer! More Touted Green Jobs Bite The Dust
Another half billion tax dollars down the tubes. Solyndra, the Northern California solar panel manufacturer, has filed for bankruptcy and will cease business operation. The firm received $535 million from the Obama administration's Energy Department as part of the big stimulus push during the first year of the Obama interregnum. See LAT, "Solar panel firm ... MOREThomas Sowell: An Unusual Economy?
Higher labor costs equal higher unemployment. Many in the media are saying how unusual it is for our economy to be so sluggish for so long, after we have officially emerged from a recession. In a sense, they are right. But, in another sense, they are profoundly wrong. The American economy usually rebounds a lot faster than it is doing today. After a recession passes, ... MOREHeidi Harris: The Rat In Obama's Maze
Is someone leaving the building? It goes without saying that President Obama has no grasp of even basic economics. Perhaps he should read Thomas Sowell’s excellent book of the same title, for starters. And it also goes without saying that everything he’s done since taking office has made the economic situation in the nation worse, whether you’re looking at actual job ... MORE
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