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.
While the economy added jobs and the national unemployment rate was relatively unchanged, the African American unemployment rate remained more than twice as high as the white unemployment rate and nearly double the national unemployment rate, according to Labor Department data released Friday.
The number of Americans not participating in the workforce in March dipped again compared to the previous month but was still higher than it was a year ago, according to Labor Department data released Friday.
Despite the nation’s lowest unemployment rate in eight years, the number of Americans on the Supplemental Nutrition Assistance Program – also known as food stamps – is at an all time high.
Democratic presidential candidate Senator Bernie Sanders (I-VT) declared, “Yes, thank you, President Obama. We are better off today than we were seven years ago” and argued “real unemployment is close to 10%” during a speech in Minnesota after losing in
Democratic presidential candidate Senator Bernie Sanders argued that “real unemployment is close to 10%” during Thursday’s “PBS NewsHour” Democratic presidential debate. Sanders said, “I do believe that in the year 2016, we have to look in terms of public education,
Financial manager Ed Butowsky appeared on Breitbart News Saturday to discuss the latest economic news, criticizing the “complicit media” for slanting its reporting on jobs to favor the Obama Administration.
A study from The University of Chicago revealed that 47 percent of 20 to 24-year-old black males in Chicago were out of school and out of work in 2014.
On Friday, Tunisia imposed a nationwide curfew to cope with increasingly violent demonstrations. As with the so-called “Arab Spring” five years ago, the unrest was triggered by an unemployed youth killing himself.
On Sunday, with Martin Luther King Day right around the corner, George Stephanopoulos of ABC News asked Donald Trump what he would say to Americans, especially African-Americans, who believe Dr. King’s dream has not been achieved.
In a bleak new report, the World Economic Forum (WEF) predicts heavy job losses to automation and robotics over the next four years as technological advances significantly reshape the industrial landscape. The WEF outlines its grim forecast for the labor
In his first weekly radio address since the State of the Union address released on Saturday morning, President Barack Obama vowed to continue his “fight” for “working families,” which he maintained would continue through the of his presidency. Part of
The City of Santa Monica’s City Council voted on Tuesday night to approve a minimum wage ordinance that, if approved when it is presented for a second time in two weeks, would raise minimum wage for most businesses to $15 an hour by the year 2020.
While the national unemployment rate remained at 5 percent in December, the unemployment rate continued to vary among demographic groups, according to data released Friday from the Bureau of Labor Statistics.
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.
In a Tuesday morning interview with radio host Bill Bennett, Paul Ryan defended his omnibus bill’s controversial expansion in the H-2B visa program, which would allow foreign workers to fill blue-collar American jobs, by arguing that if the provision were not included, American companies would be forced to shut their doors.
Foreign-born residents will make up 60 per cent of Sweden’s unemployed by 2017, the country’s employment agency has said. As the country struggles to deal with record immigration, the Arbetsförmedlingen predicted that unemployment would fall among the native population, but
GOP presidential candidate former Arkansas Gov. Mike Huckabee says “it’s a real tragedy” there are more foreign born workers in the United States “when an increasing number of Americans can’t find jobs.”
According to the BLS, the African American unemployment rate remained more than twice as high as the unemployment rate among white workers, which declined from 4.4 percent in October to 4.3 percent in November. African American unemployment increased from 9.2 percent to 9.4 percent from October to November.
While the economy added 211,000 jobs in November, the number of Americans not participating in the work force exceeded 94 million for a fourth month in a row, according to Labor Department data released Friday.
The problem facing Democrats as they roll into the 2016 election cycle is that the economy has improved just enough for the Federal Reserve to kill it with an interest-rate hike.
California employers added 41,200 new jobs in the month of October, as the Golden State’s employment production continues at a 50 percent higher pace than the nation as a whole.
While the number of unemployed foreign-born workers declined last month, the number of unemployed native born workers increased, according to unemployment data released Friday by the Bureau of Labor Statistics.
Unemployment among African Americans is more than twice as high as white unemployment and nearly twice as high as the national average, according to government data released Friday.
The 70 percent of Americans that comprise the middle class have been suffering for years from “stealth stagflation” that is driven by high taxes and oppressive regulations.
The death rate for middle-aged white people is rising, even as it also falls for other demographics, and even though the overall health of older people is rising, says a new study.
A decade on from fierce rioting which rocked Paris suburbs for three weeks in October 2005, experts have warned that the conditions are ripe for a re-run of those events. Numerous initiatives and billions of Euros spent in the banlieues
Insiders are reporting that Disney-owned ESPN cable sports network is preparing to cut up to 350 jobs, causing it to shed about 4.3 percent of its workforce.
More than half of U.S. states reported job losses in September, as hiring slowed, a new report finds.
Although California’s labor force shrank by 32,000 jobs in September, the Employment Development Department (EDD) in Sacramento claimed a big drop in unemployment claims from 6.1 percent to 5.9 percent.
According to a study of data from the Bureau of Economic Analysis, conducted by the Cato Institute, compensation for federal workers is 78% higher on average than compensation for private sector employees.
“Federal civilian workers had an average wage of $84,153 in 2014, compared to an average in the private sector of $56,350,” according to the Cato review. “The federal advantage in overall compensation (wages plus benefits) is even greater. Federal compensation averaged $119,934 in 2014, which was 78 percent higher than the private-sector average of $67,246.”
President Barack Obama admitted Wednesday that high unemployment during his tenure is allowing U.S. companies to impose lower wages on Americans.
Analysts were expecting well over 200k new jobs for September – which isn’t really all that great, but at least it’s enough to keep pace with population growth. Instead, we got 142k new jobs, the past few months were revised downward, wage growth remained flat, and the labor force shrank by another hair-raising 350k, knocking workforce participation down to 62.4 percent.
The unemployment rate among black teens was more than six times higher than the national average, and nearly double the overall teen unemployment rate last month, according to data released Friday from the Bureau of Labor Statistics.
In August, the Obama administration fined a Nebraska $200,000 and demanded they pay “uncapped” backpay to foreign workers against which they discriminated, after the company asked them to provide proof of their legal status.
The number of foreign-born people employed in the U.S. increased last month, representing a figure more than three times higher than the number of unemployed native-born Americans, according to data released Friday by the Bureau of Labor Statistics.
The Labor Department reports that the economy added just 173,000 jobs in August, below economists’ expectations of a 212,000 gain.
The number of people not in the labor force exceeded 94 million for the first time, hitting another record high in August, according to new jobs data released Friday by the Bureau of Labor Statistics.
From its founding until the beginning of the 20th century, the United States went from a non-economy to being the world’s largest and wealthiest economy. It achieved this feat on the gold standard mostly, with no central bank, (except for 36 years), and with little or no central planning.
In his weekly Angelus message Wednesday, Pope Francis praised the value of hard work and a willingness to do one’s part for the common good rather than freeloading off society.
