Tag Archives: Unemployment

White House Telling “Big Lie” on Unemployment?

On Fox News, we read: The chairman of the venerable Gallup research and polling firm says the official U.S. unemployment rate is really an underestimation and a “big lie” perpetuated by the White House, Wall Street and the media. What CEO and Chairman Jim Clifton revealed in his blog Tuesday about how the Labor Department […]

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Unemployment Lowest Since 2008, And It’s Bad News…

Numbers recently released by the Bureau of Labor Statistics show that the Unemployment Rate has dipped to 5.9%. Those individuals who believe the US economy is going through a recovery phase hailed the numbers as a sign of the long-awaited light at the end of the recessionary tunnel. Vice President Joe Biden is one such […]

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Teen Unemployment Over 50% In Major US Cities.

According to a recent study by the Employment Policy Institute, joblessness amongst teenagers without a high school diploma is more than 50% in two of the largest US cities. As CNS News reports: Using U.S. Census Bureau data from May 2013 to April 2014, the analysis reveals that in Riverside-San Bernardino area of Southern California, […]

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Larbor Force Participation Rate Lowest Since 1978.

Recent employment numbers indicate that the unemployment rate has dropped from 7.0% to 6.7%. Is this because we undergoing a genuine economic recovery, and businesses are hiring personnel en masse once again? Fat chance. The unemployment rate has dropped because the civilian labor force has shrunk in size from 155.3 million to 154.9 million. The […]

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Welfare State Metastasizes: Senate Votes to Extend Unemployment Benefits.

The Senate voted earlier today to move ahead with an extension of unemployment benefits for people that had reached the end of their rope. On December 28th of last year, benefits ran out for approximately 1.3 million. In 2014, they will run out for an estimated 3.6 million more. As the Washington Post reports: The […]

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Brace for Impact: Seattle’s $15 Minimum Wage Comes into Effect.

Today, the minimum wage for transportation and hospitality workers in the Seattle-Tacoma area will rise to $15 per hour. This was passed as law in an early November vote, increasing the wage from the statewide $9.32 per hour.The fallout from the vote has supporters claiming it is the first step towards revitalizing the Seattle area, […]

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A Good Joke, Circa 2009: Unemployment Rate Predictions.

A Good Joke, Circa 2009: Unemployment Rate Predictions. I stumbled across this humorous relic from 2009, a year overflowing with Reaganesque “Morning in America” fuzziness from the recent election of Barack Obama. Obama’s top economic court jesters, Christina Romer and Jared Bernstein, released this chart to sell the newfangled legislation of the day, the “American […]

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Canary in a Coal Mine: JP Morgan Quits Student Loan Market

JP Morgan Chase & Company, the largest bank in the United States, has decided to stop accepting applications for new student loans. A company memo released on September 5th to colleges across the nation warned them that JP Morgan Co. would no longer be issuing new student loans after the peak borrowing season of this […]

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Humans and Machines: Friends or Foes?

I recently had an interesting conversation with someone I met at a social function. This person strongly believes that automation and the use of production machinery in the modern economy is the main cause of unemployment and misery in the lower classes. This person also went on to assert that there should be “Make Work” […]

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