unemployment

Notable Quote – Mark Perry

by Skip October 24, 2016

Remember that the real minimum wage is always zero, because that’s the wage that hundreds of thousands, possibly millions of workers will receive following an increase in the minimum wage to $15 an hour, because they will either lose their jobs or fail to find jobs when they enter the labor force. (See Congressional Budget Office […]

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The Unemployment Rate vs The Labor Force Participation Rate in 90-Seconds

by Steve MacDonald September 2, 2016
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The labor force has been dropping for years and unemployment with it, which is a problem we’ve explored at great length. A declining unemployment rate is a good thing when you have a stable or rising labor force participation rate. It is not a good thing when your labor force is declining too. The 90-second […]

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Shocker: Raise the Price of Something, Get Less of It!

by Scott Morales August 26, 2016

More Democrat policies to encourage “flight of capital and jobs”. From Townhall.com: Minimum Wage Increase Puts 1,400 D.C. Restaurant Employees Out of Work D.C. restaurants have lost 1,400 jobs in the first half of the year. This loss—the steepest drop since the 2001 recession—follows a significant minimum wage hike. Data  suggests that the D.C. restaurant industry […]

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Fight for 15 Driving Garment Makers and Jobs Out of California

by Steve MacDonald April 17, 2016
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US garment manufacturers operating on low margins to compete for wholesale or retail clients can’t operate in California if they have to pay all their employees $15.00/hour. To stay in business, they will have to move manufacturing out of the state or more likely out of the country. Last week American Apparel, the biggest clothing […]

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Notable Quote – Mark Perry

by Skip December 10, 2015

In summary, economists are not unconcerned about unskilled workers, we are actually very concerned about those workers. And it is because of that concern to maximize employment opportunities that economists oppose the minimum wage. Simply put, we would rather see unskilled workers employed at a market wage – even if that wage is only $5, […]

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You Can’t Separate Labor Force Participation From The Unemployment Rate

by Steve MacDonald September 10, 2015
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America’s national unemployment rate is 5.1 percent. The country added 173,000 jobs in August. The press is trumpeting our economic success. Happy days are here again, or are they? A record 94,031,000 people have left the US work force. But 5.1 percent unemployment, you croon. Sure, it sounds great if you have a job or if […]

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Obama Crushes Another Record

by Scott Morales June 2, 2015

His presidency has produced the lowest average first quarter GDP growth evah recorded. President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic

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Where Did 11,440 NH Workers Go?

by Steve MacDonald May 20, 2015
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The New Hampshire Department of Employment Security (NHDES) released the April job numbers yesterday. New Hampshire’s unemployment rate is being reported as 3.8%.  (746,530 people in the NH labor force, 717,870 are employed, 28,660 listed as unemployed.) That sounds pretty good, but in July of 2008 there were 756,570 people in the NH labor force […]

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Fundamentally Transforming America Back to the Carter 70’s

by Scott Morales May 8, 2015

This is the change you’re looking for America when you elect progressive, liberal Democrats.  Please keep this in mind in 2016.  If you’re one of the 93,194,000 not in the labor force and wish to be, be sure to thank a Democrat or the other racist, low information voters who placed this extreme progressive in […]

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Nice Unemployment Rate You Got There…

by Steve MacDonald March 8, 2015

So what does the unemployment rate picture look like if you take into account all of the labor force dropouts since the end of the recession in June of 2009? Not pretty. If you take those labor force dropouts into account, the U.S. does not have an unemployment rate of 5.5 percent. Instead, it has […]

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Democrat War On Work – Forward is Backward

by Steve MacDonald December 8, 2014
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On December 5th the Department of Labor (BLS – or should we say BS) continued the unemployment charade by posting a rate of 5.8%.  But they might as well have said it was 5% or 3% because that number no longer means anything. Almost 12 million people have given up looking for work since Obama […]

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A Little More NH Wage Perspective

by Steve MacDonald October 11, 2014
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Yesterday I wrote about John White, the Democrat state Senate candidate who called New Hampshire’s low income residents bottom feeders.  Had a Republican said this it would be above the fold on every paper but the Union Leader.  But a Democrat said it.  But that is how Democrats think. They also think that they can […]

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Democrat Roger Tilton – Hey, Lets Kill Jobs In NH

by Steve MacDonald September 19, 2014
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New Hampshire Democrat Roger Tilton  (D- Utopia) is happy to be endorsed by the AFL-CIO, whose union bosses want to secure a wage cartel in New Hampshire that will benefit union bosses and expand government budgets at the expense of New Hampshire’s small business owners, and low skilled and first time workers – who will […]

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AFL-CIO Lists NH Democrats Who Support The Wage Cartel

by Steve MacDonald September 18, 2014
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Artificially defining the value of labor makes Democrats feel good.  Not because they forced someone to pay more than that hour of labor is worth, though I suspect they enjoy the feeling of power such arbitrary expressions of authority represent.  They feel good because they know it will grow the size of government. The Unions […]

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Data Point – Wall Street vs Population of Employed Americans

by Skip July 18, 2014

“This chart shows you how to respond next time. Although stocks and profit are indeed up as a result of the Obama administration and Federal Reserve policies, it isn’t translating to regular — non-Wall Street — Americans:” (H/T: Independent Journal Review)

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Obama Economy Sheds 523,000 Full Time Jobs in June

by Steve MacDonald July 7, 2014
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Yeah, wage growth stinks, and the labor force participation numbers are horrible but the reported unemployment rate is down to 6.1%.  Probably in part because in June the Obama Economy shed 523,000 full-time jobs. Sure, part-time jobs surged, but those are typically entry-level assignments or low-skill positions.  That’s no way to run a recovery.  But […]

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Continued Ways of Malaise

by Tom June 6, 2014

When Liberals attempt to make hay out of today’s Labor Report, you should nudge them to look at all the data, not just the parts that soothe their cognitive dissonance about this economy and the disaster that is the Obama administration’s mishandling of it. And, after all, data must always be put into context and […]

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Data Point – Obama’s legacy of unemployment: 1 in 6 adult males out of work

by Skip June 1, 2014

10 Million-Men-In-Prime-Working-Years-Are-Simply-Not-Working This is like the inflation rate – it seems stable but since the Federal government removed gas prices and food prices, it presents a picture to ordinary Americans that things are better than what they really are. A true measure of unemployment is not the U3 rate but the U6 rate with includes […]

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War on Women – Jeanne Shaheen Drove Record Number of Women Out of Work Force

by Steve MacDonald May 4, 2014
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Ask Jeanne Shaheen how much use there is in promoting “equal pay” rhetoric that hurts employment or wage rhetoric that would kill off half a million jobs, when a record number of women have given up “even looking” for a job in the ObamaEconomy? (CNSNews.com) – The number of women 16 and older not in the […]

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Democrats Take The Labor Participation Rate Back – To 1976

by Steve MacDonald May 2, 2014
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Democrats Take America Back – To 1976; the Labor participation rate that is.  So what’s next, Global cooling?

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Data Points – an amalgam

by Skip April 18, 2014

Been real busy so playing catch up.  Here’s a few unconnected, disjoint factoids: Census says!  86.5 million workers are supporting 148 non-workers. Enough people riding in the wagon for you, Zandra Rice-Hawkins, Jeanne Shaheen, and President Obama? The average price for a kilowatthour (KWH) of electricity hit a March record of 13.5 cents, according data released […]

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Democrat War on Work – What Do You Mean ‘Where Have The Workers Gone?’

by Steve MacDonald April 6, 2014
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Democrats are not the party of work, or the American family.  Their ‘American Dream’ is a nation crowded with dependents. Under Democrat rule work force participation has plummeted while government dependence has skyrocketed. There is no mystery.  Millions or worker did not “vanish from the workforce.”  They were driven out by a sustained, regulatory assault […]

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Minimum Wage Hike = Fewer Jobs, Higher Prices

by Steve MacDonald March 20, 2014
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We’ve talked about this.  Obama wants to kill jobs.  NH Democrats want to kill some jobs.  Make prices go up.  Reduce full-time opportunities.  Make it harder for new or unskilled people to find work.  Everyone knows what will happen, and still the Democrats persist.  They are willing to harm New Hampshire families to pad their […]

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State Controlled Wages – Who Actually Benefits?

by Steve MacDonald March 12, 2014
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New Hampshire Democrats think the government knows what an hour of labor is worth.  They think that because it does things that are good for Democrats and only Democrats. A State controlled wage  reduces competition by pricing out mom and pops and small business owners leaving larger companies unchallenged in the marketplace.  Yes, Democrats are […]

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The NH Democrats “War On Work”

by Steve MacDonald February 12, 2014

The cost of doing business has a direct effect on your ability to hire, retain, and reward employees.  The more time and money you must expend interfacing with the bureaucracy, and the army of flying compliance monkeys being waved out the castle window by successive Democrat run governments, the fewer resources you have left over […]

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NH Democrat Sylvia Larsen – “Hey, Let’s Scare Employers Away From and Out Of New Hampshire!”

by Steve MacDonald January 23, 2014
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Kimberly Morin has a very revealing piece at Examiner.com in which she parses NH Democrat Sylvia Larsen’s proposed Senate Bill SB207. Larsen, hewing to her progressive busy-body roots, is set on something she calls ‘paycheck equality,’ but as Morin observes, it is not just a ridiculous idea that attempts to patronize to populist ignornace to […]

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Data Point – 6.7% Unemployment Rate: not good news.

by Skip January 10, 2014

Official rate: Drop from 7.0 to 6.7% More accurate measure: 13.1% (U6) only 74,000 new jobs created (expected: 200,000) 525,000 workers have dropped out of the workforce, artificially decreasing the unemployment rate Labor participation rate dropped to 62.8% (back to Jimmy Carter days) (H/T: The Corner)

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If You Have No Clue How To Fix It – Just Try And Hide It

by Steve MacDonald January 9, 2014
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After five years of saying you fixed it, followed by ObamaCare–which will just make employment matters worse, this might send a message that you can’t fix it and should be replaced. Typically, the Unemployment Insurance program lasts for 26 weeks of unemployment with an additional 13 weeks during recessions.  Most of the cost is purveyed […]

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Our Recovery Is So Good…We Demand You Extend Unemployment Benefits

by Steve MacDonald January 8, 2014
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Snow and cold are a sign of global warming.   Income is a sign that you don’t pay enough taxes–unless you are a Democrat or in entertainment.  Opposition is a sign that you are a racist, a misognyst hater unless you oppose self-responsibility, affordable government, and low taxes (Republicans, or the TEA Party).   The Affordable […]

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The Ghosts of Minimum Wages Past, Present, and Future

by Steve MacDonald December 23, 2013
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New Hampshire Democrats, at both the state and federal level, are looking for a distraction from the lump of coal that Obama-Care put in America’s stocking this holiday season.  The misdirection they have settled on is an increase in the minimum wage. According to the Valley news local Democrats are looking to promote a state […]

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