The Bureau of Labor Statistics (BLS) just published the Job Openings and Labor Turnover Summary (JOLTS) report for February. The job openings percent for the workforce hit a 14 year high of 5.1 million, while the layoffs and discharges percentage stayed at a historic low. But despite the job availability rate more than doubling since 2009, the hiring rate only grew by 30 percent in the same period. Adjusted for population growth, the American economy is still down by 5.9 million jobs.
by Chriss W. Street13 Apr 2015, 5:00 AM PST0
For the last few months, we’ve heard loud trumpeting about “strong” job reports and signs of economic growth, which the President and his defenders were naturally eager to claim credit for. Not in March.
by John Hayward3 Apr 2015, 1:49 PM PST0
When the Republican-controlled Congress promoted welfare reform as one of its top priorities in 1995, opponents accused them of being unsympathetic to the plight of impoverished Americans and insisted the proposed policies would end up harming true reforms.
by Logan Pike & Justin Haskins20 Mar 2015, 12:49 PM PST0
As a minimum wage increase looms in Seattle, the city is losing restaurants.
by John Hayward16 Mar 2015, 3:09 PM PST0
A new Gallup poll reveals that Americans think the biggest problem facing the country is not terrorism, healthcare, race relations, or immigration – it’s the federal government.
by William Bigelow13 Mar 2015, 4:48 AM PST0
In a special guest commentary for Forbes Opinion, Texas Governor Greg Abbott (R) touted his state’s continued economic strength, specifically highlighting Texas’ top ranking for capital investment projects.
by Sarah Rumpf9 Mar 2015, 10:28 AM PST0
The African American unemployment rate for the month of February was 10.4 percent, compared to the white unemployment rate of 4.7 percent and national average of 5.5 percent.
by Caroline May6 Mar 2015, 10:43 AM PST0
In an exposé entitled “Poor Kids of Silicon Valley,” a CNN reporter seems shocked to uncover a high level of child poverty in the affluent Bay Area. CNN concludes, after consulting with “economists and experts,” that a minimum wage hike to $10.10 would significantly help end child poverty. But if CNN actually talked to the most impoverished families, they would have learned that raising minimum wage, like Oakland just did, results in maximizing single young mothers and their children living in poverty.
by Chriss W. Street4 Mar 2015, 5:30 AM PST0
A new study finds that Hispanic foreigners, both legal and illegal, will account for a large portion of future job growth, forming perhaps as much as 75 percent of the job market by 2020.
by Warner Todd Huston24 Feb 2015, 8:06 PM PST0
After spending trillions of dollars under President Barack Obama, America had fewer full-time jobs in the private sector in January 2015 than we had 10 years earlier under George W. Bush in 2015 .
by Charles Ortel7 Feb 2015, 8:15 AM PST0
The unemployment rate is up. But there are more jobs. Is that good or bad? It’s complicated, and that shows how misleading media coverage of the monthly unemployment rate number has become.
by John Hayward6 Feb 2015, 12:33 PM PST0
The much touted “unemployment rate” is a false measure of prosperity. Especially since those on the left seem to be targeting, rather than building up, the Middle Class.
by John Hayward4 Feb 2015, 12:21 PM PST0
Jim Clifton, the Chairman and CEO at Gallup, has acknowledged the dirty little secret that the Obama administration and their media lapdogs assiduously attempt to hide: the official unemployment rate reported by the U.S. Department of Labor does not accurately reflect the grim reality of American unemployment.
by William Bigelow3 Feb 2015, 6:35 PM PST0
In 2014, GDP growth bounced back in the spring and summer from a tough winter, but in the fourth quarter, it fell off to 2.6 percent. History indicates the country should be doing a lot better—simply, too many prime working-age Americans are despondent and have permanently dropped out of the workforce.
by Peter Morici30 Jan 2015, 7:10 PM PST0
Despite President Obama’s happy talk, it is clear that America’s recovery from recession isn’t going as well as it needs to.
by Sen. Rob Portman28 Jan 2015, 9:25 AM PST0
The biggest casualty of the President’s executive amnesty, aside from the Constitution, has been the American worker. President Obama is handing out millions of work permits to illegal aliens at a time when many Americans are struggling to find a job. It is difficult to grasp why President Obama seems more interested in lending a helping hand to illegal aliens than American workers. Sadly, the issuance of work permits is often an overlooked part of the President’s amnesty.
by Rep. Marsha Blackburn (R-TN)26 Jan 2015, 2:17 PM PST0
The International Labour Organization, part of the United Nations, said Tuesday that by 2020 global unemployment will have climbed by 11 million, with over 212 million people unemployed.
by William Bigelow20 Jan 2015, 6:13 AM PST0
Health, immigration and the economy far outstrip other issues in terms of importance to voters, a new poll by YouGov for the Times Red Box has found. However, the pollsters yesterday discovered that issues come second in voters’ minds to
by Donna Rachel Edmunds19 Jan 2015, 6:32 AM PST0
Anyone old enough to recall the Bush presidency might remember that the media used to be very, very concerned about “burger-flipper jobs,” median wages, and career quality. Bush’s fantastic unemployment rates were supposed to be marred with a big fat asterisk because too much job growth was occurring in low-wage, dead-end service industry jobs.
by John Hayward30 Dec 2014, 12:24 PM PST0
