Posts

While Overall Jobless Numbers Remain at Record Highs, U.S. Job Openings Near 5 Million

/1 Comment/in , /by

Photo Credit: Washington Examiner By Joseph Lawler. There were just under 5 million job postings advertised in November, the Bureau of Labor Statistics reported Tuesday.

The job openings number beat Wall Street’s expectations, as businesses continued to add positions at a fast pace toward the end of 2014.

Hiring was flat in the month, while job separations were down, according to the BLS’ Job Openings and Labor Turnover Survey.

The data on job openings and hiring released by the Labor Department on Tuesday lags the more widely-followed jobs report by a month. Officials at the Federal Reserve and investors still watch the report closely, however, because it contains more detailed information about the state of labor markets in the U.S. relating to the pace of labor market churn.

With 4.97 million job openings advertised on the last day of November, total job openings were up 20 percent year over year. The highest job creation mark on record is 5.27 million, set in 2001. (Read more about “Job Openings Near 5 million” HERE)

________________________________________________

San Bernardino Ranked Worst in Nation for a Job

By Rob Mcmillan. San Bernarndino has been rated the worst place for finding a job in the nation, according to financial website WalletHub.

The website’s list featured 150 different cities ranked from best to worst with San Bernardino listed in the very last spot.

San Bernardino resident Kevin Kenaga said he is a good example of the struggling economy in the city. He has to take a bus to get to his job in Redlands.

“There isn’t very much work here,” he said.

Wallethub looked at the number of job opportunities, starting salary and the rate of job growth for each city ranked. (Read more from this story HERE)

Follow Joe Miller on Twitter HERE and Facebook HERE.

Poll: More Americans Hearing Good News About Jobs

/0 Comments/in , /by

Photo Credit: Tax Credits/flickr

Photo Credit: Tax Credits/flickr

For the first time since the financial crisis began, as many Americans are hearing good news about the job market as bad news, according to a poll released Tuesday.

Twenty-six percent of people surveyed by the Pew Research Center said that they were hearing mostly good news and 25 percent said they were hearing mostly bad news about the nation’s job situation. Forty-five percent said they were hearing a mix of both good and bad news.

It marks the first time that roughly the same number of Americans have said they are hearing good news as bad about jobs since the poll question was introduced in 2009.

The poll comes as the unemployment rate sits at 5.8 percent and gas prices continue to fall. President Obama is touting the economic rebound as a key part of his legacy. Republicans, though, say that millions of Americans have given up looking for jobs and are no longer in the workforce.

See poll results HERE.

Read more HERE.

Report: 71 Percent of this State's Job Growth Since 2000 Has Gone to Immigrants Over Americans

/2 Comments/in , /by

Photo Credit: AFPA whopping 71% of new jobs in New Hampshire since 2000 have gone to foreign immigrant workers—both those who are here illegally and legally—a new report from the Center for Immigration Studies (CIS) found.

“Job growth in New Hampshire has not been very strong,” Steven Camarota, CIS’s research director and the report’s co-author, said in a statement accompanying its release. “The situation for natives without a college education has been particular bad. Thus, it is surprising that many of New Hampshire’s politicians supported the Gang of Eight bill, which would give work authorization to illegal immigrants and dramatically increase the number of foreign workers allowed into the country in the future.”

One particular politician in the state who supported the “Gang of Eight” bill, which would have hurt even more New Hampshire jobs than current immigration policy does, is incumbent Democratic Sen. Jeanne Shaheen (D-NH). Shaheen voted for the immigration bill and regularly defends it on the campaign trail, despite the fact that the data that CIS found shows New Hampshire’s citizens are struggling, and illegal and legal immigrants are taking many of the state’s new jobs.

The study, which relies on government data from entities such as the U.S. Census Bureau, found that through 2000 to the first half of 2014, immigrants both legal and illegal took 21,000 new jobs in New Hampshire. Meanwhile, during the same time frame, native-born U.S. citizens in New Hampshire got only 8,700 new jobs.

But despite the 71% increase in jobs to foreign workers in the state, the percentage of U.S. citizens born in New Hampshire during that time frame increased 65%—something CIS says is “striking.”

Read more from this story HERE.

Hillary: 'Don't Let Anybody Tell You' that 'Businesses Create Jobs' (+video)

/19 Comments/in , /by

Appearing at a Boston rally for Democrat gubernatorial candidate Martha Coakley on Friday, Hillary Clinton told the crowd gathered at the Park Plaza Hotel not to listen to anybody who says that “businesses create jobs.”

“Don’t let anybody tell you it’s corporations and businesses create jobs,” Clinton said.

Read more from this story HERE.

Millennials Unemployment Report: 15.2% of Workers 18-29 Out of Work – ‘More Jobs’ Needed

/3 Comments/in , /by

Photo Credit: APIn an unemployment report issued by Generation Opportunity, a Millinneal think tank, data from the Bureau of Labor Statistics (BLS) show that 15.2 percent of adults age 18-29 were unemployed in June. This percentage includes those people who are no longer looking for work.

“15.2 percent of young people are out of work,” Patrice Lee, director of outreach at Generation Opportunity, said in a statement on Thursday. “On top of not having jobs and struggling with student loan debt, young people are paying for crony government policies like the Export-Import Bank.”

“My generation needs more jobs,” Lee said, “not more spending that only ends up lining the pockets of wealthy corporations.”

The report, using non-seasonally adjusted (NSA) data, shows the actual unemployment rate for all adults age 18 to 29 is 10.5 percent.

Read more from this story HERE.

One Tax To Rule Them All

/3 Comments/in , /by

Photo Credit: WND

Photo Credit: WND

Just one of Obamacare’s many taxes could cost the U.S. hundreds of thousands of jobs over the next decade, according to an industry report published Tuesday.

The National Federation of Independent Businessprojects that between 152,000 and 286,000 jobs will be lost by 2023 due to Obamacare’s health insurance tax. NFIB, a nonprofit association of business owners, actively supports the repeal of the tax.

The health insurance tax has proved to be one of Obamacare’s more controversial fundraising measures. The tax targets insurance companies, charging each one proportional to their market share — the more health plans sold (Obamacare’s goal), the more insurers are required to pay.

The report found that the tax will cause a spike in the cost of employer-sponsored health coverage, which will lead primarily small businesses to cut jobs. NFIB estimates that 57 percent of the job losses will come from small businesses — firms with under 500 employees, according to the federal Small Business Administration.

The cut in employment would results in a reduction of U.S. real output, or sales, of between $20 billion and $33 billion through 2023.

Read more from this story HERE.

Food Stamp Recipients Outnumber Women Who Work Full-Time

/2 Comments/in , /by

Photo Credit: AP

Photo Credit: AP

People participating in the food stamp program outnumbered the women who worked full-time, year-round in the United States in 2012, according to data from the Department of Agriculture and the Census Bureau.

In the average month of 2012, according to the Department of Agriculture, there were 46,609,000 people participating in the food stamp program (formally known as the Supplemental Nutrition Assistance Program). That contrasts with the 44,059,000 women who worked full-time, year-round in 2012, according to the Census Bureau’s report on Income, Poverty and Health Insurance Coverage in the United States.

For each woman who worked full-time, year-round in 2012, there was slightly more than 1 other person collecting food stamps.

FOOD STAMP BENEFICIARIES AND FULL-TIME FEMALE WORKERS-CHART 1

Read more from this story HERE.

White House Adviser: Obamacare Didn’t Kill Jobs Because People Have Been Hired Since It Passed

/5 Comments/in , /by

Photo Credit: AP Photo/Charles DharapakWhite House health care adviser Phil Schiliro maintains that Obamacare can’t be bad for jobs because some jobs have been created since it passed.

“You can’t say the Affordable Care Act has killed job growth,” Schiliro told an audience at a Kaiser Family Foundation presentation Wednesday. “In the 46 months since it passed, over 8 million jobs have been created… No one would say the Affordable Care Act created those jobs, but you can’t say the ACA has killed job growth.”

Schiliro’s comparison presumes that were Obamacare damaging at all, it would have stopped job growth entirely — including any recovery from the financial crisis in late 2008.

The Bureau of Labor Statistics estimates that the financial crash and resulting recession lost the U.S. economy 8.8 million jobs, Schiliro’s estimate still leaves the economy.

Read more this story HERE.

Congressional Budget Office: Wage Hike Would Lift Pay But Cost Jobs

/2 Comments/in , /by

Photo Credit: REUTERSA plan by President Obama and fellow Democrats to increase the minimum wage to $10.10 an hour would cost roughly 500,000 jobs but increase wages for roughly 16.5 million Americans, the nonpartisan Congressional Budget Office said Tuesday.

The report was immediately met with sharp Republican criticism for the wake hike plan.

“While helping some, mandating higher wages has real costs, including fewer people working,” said a spokesman for House Speaker John Boehner, R-Ohio. “With unemployment Americans’ top concern, our focus should be creating — not destroying — jobs for those who need them most.”

The CBO analysts said their estimate of employment losses was approximate. They said the actual impact could range from a very slight employment reduction to a loss of one million workers.

Increasing the minimum wage has emerged as a key part of Obama’s second-term agenda, with the president restating his intentions just hours before the release of the report, at a public event in suburban Maryland.

Read more this story HERE.

Demonomics

/0 Comments/in , /by

This week the big story was the tag end of the old JournoList gang trying to spin gold out of the dross of the Congressional Budget Report. The CBO report projected that by 2021 under ObamaCare more than 2 million full-time workers will find it financially advisable to quit work entirely or switch to part-time jobs in order to get more subsidies for healthcare insurance. To most of us who studied real economics or just paid attention to human nature, subsidizing indolence means you’ll get more of it.

But to the airheads on the left and their JournoList spinmasters — the very people who believed in their hearts that young, healthy workers would willingly pay more for their health insurance to subsidize older, sicker Americans and learned nothing from the failure of that prediction, this devastating CBO report spelled out a wonderful new world of possibilities for American workers at the bottom rungs.

1. Job Lock

Working their dreidels overtime, the gang argued that the CBO report was going to end job lock — long a Republican goal — but as “Ignatz” posted on Just One Minute: “I believe the Republican idea was to decouple insurance from employment, not decouple the employee from employment”

Nancy Pelosi, the JournoList band leader on this less-is-more score taunted: “The GOP seems to have forgotten that ending ‘job-lock; has been an avowed Republican goal for years — even a highlight in the Republican Sen. John McCain’s 2008 presidential race.” Her claim was a gross misrepresentation:

“Job-lock” itself is a different problem. Instead of effectively paying people to work less, as Obamacare does, conservative proposals would end federal preferences for employer-based insurance, allowing Americans to take insurance with them from job to job. People would not be stuck with a specific employer because they want to stay insured.

Read more from this story HERE.