Breitbart Business Digest: Silicon Valley Bank Gets Shut Down
The sudden implosion of Silicon Valley Bank (SVB) is sending shock waves through the financial system and the technology sector.
labor force participation rate
WaPo: Unfilled U.S. Jobs Belong to Foreign Workers, Not Americans
The Washington Post, with ties to some of the biggest corporations in the United States, suggests mass immigration is the answer to filling millions of unfilled jobs — rather than pulling millions of Americans into the labor market.
WH Econ. Adviser: ‘Quite Remarkable’ Labor Force Participation Is ‘So Positive’ with Long COVID, Bad Flu Season
On Monday’s broadcast of CNBC’s “Squawk Box,” White House Council of Economic Advisers member Heather Boushey said that “it’s actually quite remarkable” our labor force participation rate is as good as it is “given long COVID, given how many families
Carney on ‘Kudlow’: Government ‘Gummed Up’ Labor Market, We’ll Have Recession with Inflation Above 4%
On Friday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart Economics Editor John Carney said that the decline in the labor force participation rate in the November jobs report shows “the government has gummed up the works of the labor
Biden Adviser: Labor Force Participation Is Disappointing, There Are ‘a Lot of Questions’ ‘about Long COVID’
On Friday’s broadcast of Bloomberg’s “Balance of Power,” Biden Senior Adviser Gene Sperling reacted to the November jobs report by stating that he would have liked better labor force participation numbers and saying that there are “a lot of questions
ABC’s Christoforous: Labor Force Participation Decline the Opposite of What You See ‘in a Healthy Economy’
On Friday’s “ABC News Live,” ABC News Business Reporter Alexis Christoforous stated that the decline in the labor force participation in the November jobs report is not what you see “in a healthy economy, in a healthy job market,” where
Fmr. Obama Treasury Counselor Rattner: Labor Force Decline ‘Means More Inflation’
On Monday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said that the decline in labor force participation in the September jobs report is “bad news because it means Americans
NYT’s Smialek: Increased Worker Supply Won’t Re-Balance Labor Market, We’ll Need Employers to Hire Less
On Friday’s broadcast of CNN’s “At This Hour,” New York Times Federal Reserve and Economy Reporter Jeanna Smialek said that “the supply of workers just isn’t going to be the thing” that returns the labor market to balance and so, “what you’re going
Labor Sec’y Walsh: ‘Not Too Concerned’ about Labor Force Participation Drop, ‘I Feel Good’ ‘as Far as People Going Back to Work’
On Friday’s broadcast of MSNBC’s “Jose Diaz-Balart Reports,” Labor Secretary Marty Walsh said that while there was a decline in the labor force participation rate, “it was high last month. So, I’m not too concerned about that” and that he
ADP Economist Says U.S. Economy Hasn’t Added One Job Compared with 2019
The total number of people employed in the U.S. still lags behind the prepandemic level. The workforce participation rate has not recovered either.
Ortiz: Build Back Better Bill Would Further Depress U.S. Labor Force Participation
Ortiz writes Biden’s Build Back Better Act would effectively shrink the already decimated labor force resulting from the pandemic because it offers welfare programs that make it more comfortable to stay home and collect a government check than to go to work.
Exclusive–Elaine Parker: Time to Get America Back to Work
Recent data from the federal government reveals there are more job openings now than at any other point on record. While the vacancies leave the labor market wide open for those seeking employment, businesses, especially small ones, are suffering.
Princeton Economist: Nearly Half of U.S. Men Who Dropped Out of Workforce on Opioid Painkillers
The opioid crisis is growing in America, and it may be the reason many men are dropping and staying out of the workforce, according to a new study.
Obama Celebrates Labor Day in China as Black Americans Worse Off
While President Barack Obama celebrated Labor Day with his G-20 colleagues in China, black Americans were left to ponder why they are economically worse off than when he first took office.
Trump’s Tax Plan Cuts Clinton’s Deficit by 75%
Republican presidential nominee Donald Trump has presented an economic plan that would create a sustainable economic boom, beating Hillary Clinton’s economic plan by 75% when it comes to the federal budget deficit.
94,517,000 Americans Not in the Labor Force in June
The BLS reports that 94,517,000 Americans were neither employed nor made an effort to find employment — due to discouragement, retirement, schooling or otherwise — during the month of June.
Young Adults Squeezed Out of Workforce
Although the Obama Administration is celebrating the longest consecutive period of unemployment claims under 300,000 since 1973, one major reason claims are low is that a record 93,175,000 mostly younger Americans have been squeezed out of the workforce.
Number of Americans Not in Workforce Exceeds 94 Million for Fifth Month in a Row
While the economy added 292,000 jobs last month, the number of Americans participating in the work force exceeded 94 million for the fifth month in a row, according to new government data released Friday.
94,513,000 Americans Not in the Labor Force; Participation Rate Again Matches 38 Year Low
The number of Americans not participating in the labor force exceeded 94 million for the third time in a row last month, according to new government data released Friday.
