Tag Archives: employment

Enumerati

Employment Numbers Look Good

2363,000

New York Times: “Employers added 263,000 jobs last month, underscoring the economy’s resilience after some analysts had feared earlier in the year that a slowdown was coming. … The unemployment rate was 3.6 percent, the lowest level of the 10-year recovery, down from 3.8 percent in March.”

Enumerati

May Job Numbers Disappoint

138,000

The U.S. economy added 138,000 jobs in May, the New York Times reports. Economists had expected a gain of about 185,000 jobs. The unemployment rate fell to 4.3 percent, the lowest since 2001.

Enumerati

Economy Added 227,000 Jobs in January

227,000

“U.S. employers hired briskly in January and more Americans joined the workforce, suggesting the labor market still has room to grow after years of expansion. Jobs outside of farms increased a seasonally adjusted 227,000 last month, the best gain since September,” the Wall Street Journal reports. “Meanwhile, an increase in the share of Americans working or actively seeking work caused the unemployment rate to rise to 4.8% from 4.7% a month earlier. Economists predicted a gain of 174,000 jobs and a 4.7% jobless rate. The report also offered signs the labor market may not be as tight as thought.”

Enumerati

Economy on Path for Further Growth

178,000

That’s the consensus estimate for nonfarm payroll additions in December, putting the economy on a path to stronger growth and further interest rate increases from the Federal Reserve this year, Reuters reports.

News & Comment

Donald Hires Foreign Workers for Mar-a-Lago

T. Caroline Taylor for Vanity Fair
T. Caroline Taylor for Vanity Fair

So much for his campaign rhetoric about giving U.S. jobs to Americans. The Donald requested permission from the U.S. Labor Department to hire 64 foreign workers in the United States on H-2B visas. Some positions will be paid less than last year, while others will see a 1 percent raise, reports the Palm Beach Post.

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Enumerati

U.S. Needs 200,000 More Construction Workers

200,000

Number of construction jobs that are currently unfilled across the United States, Reuters reports. Eight years after the housing bust drove an estimated 30 percent of construction workers into new fields, homebuilders across the country are struggling to find workers at all levels of experience, according to the National Association of Homebuilders. The association estimates that there are approximately 200,000 unfilled construction jobs in the U.S. – a jump of 81 percent in the last two years.

PensitoWire

PensitoWire

News & Comment

Forbes: ‘Obama Outperforms Reagan On Jobs, Growth And Investing’

chart-unemployment-rate-under-obama-v-reagan

From Forbes:

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News & Comment

Initial Jobless Claims Fall to Lowest Level Since Clinton Left Office

chart-jobless-claims-2000-2014

“The number of people who applied for U.S. jobless benefits fell 23,000 to 264,000 in the week that ended Oct. 11, hitting the lowest level since April 2000, showing that employers are laying off few workers, according to government data released Thursday,” Marketwatch reports. April 2000 was three months after Pres. Clinton left office. The chart above from the Bureau of Labor Statistics shows that employment never recovered during the six years Republicans controlled the White House and both houses of Congress. The chart also shows that unemployment surged in advance of the financial collapse on Bush’s watch and only began to recover very slowly after the Stimulus kicked in. It’s impossible to say how much more quickly employment might have rebounded if Republicans in Congress and GOP governors hadn’t deliberately stalled the recovery by cutting funding to government services and employment.

More from Marketwatch:

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News & Comment

Borrow and Spend Policies of Bush, GOP Caused Employment’s Downward Slide

Click to see original
Click to see original

As we noted here last week, a new Quinnipiac poll found that voters blame George Bush over Pres. Obama for the economic crisis by 54 to 27 percent. Another 8 percent said they blamed neither president, 7 percent said they blamed both and 3 percent said they did not know or had no answer.

On a political level, what the chart above shows is the result of the Republicans’ strategy of “starving the beast” — or, as their cult leader du jour Grover Norquist put it, shrinking the government until it is small enough to drown in a bathtub.

It should not be surprising that only about half of Americans can remember who was responsible for the economic downturn, which happened way back in history, you know, three or four years ago. We are living in what Gore Vidal has called the “United States of Amnesia,” after all.

Sadly, what is surprising is that the percentage of Americans who remember Bush’s mishandling of the economy remains so high.

Since Bush left office in January 2009, two factors have been scrubbing away in tandem at the record of failure that was the Bush presidency, glossing it over and spiffing it up.

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