The Los Angeles Times can’t bring itself to admit it. But the math adds up. California’s largest recycling business has closed all 284 recycling centers because of…” increased business costs.”
Articles tagged as
unemployment
Problems? Too Many Jobs… Woe Is Me… The Sky Is Falling…
New Hampshire has one of the best of all economic problems to have. It has very low unemployment. The Granite State has consistently retained its near full employment status. In economics there are micro-economic and macro-economic applications. Microeconomics is the study of economics at an individual, group or company level; it is more about management … Read more
Think Tank: Please Don’t Help Me
BusinessNH Magazine is a pretty left-leaning publication. In its April edition, it included a piece titled Strengthening NH’s Economy. It was included in a section called THINK TANK. Let me observe there are better ideas to be found in the average truck stop restroom. After completing the article, my urge was to respond. The author … Read more
US Unemployment Lowest Since 1969 – The Left Must Be Losing Their Minds!
The US economy continues to motor along. After a first quarter report of GDP growth at 3.2%, the job numbers are spectacular. The US Unemployment rate hit a 49 year low of 3.6 percent.
Initial US Jobless Claims in April Lowest Since September, 1969
A strange thing happened on the way to the unemployment line. The line got shorter. Another strange thing? About 70% of jobs filled in 2018 came as a result of individuals who were not even in the labor force. Folks who had given up looking got up and got a job.
House Democrats Vote for Fewer Jobs in New Hampshire
The laboratories of the States (and some cities) have proven time and again that politicians are a threat to the job market. Mandatory minimum wages never create more jobs. They result in higher unemployment, fewer hours, higher prices, and less opportunity. Local Democrats have decided they want that for New Hampshire.
Jobless Claims at Historic Low – Democrats Promise to Ruin That If You Elect Them
I guess funemployment wasn’t as much fun as we were told. People have been abandoning it in droves. We also need to question Nancy Pelosi’s “Pelosi-ism” about unemployment being so damn good for the economy. Current trends suggest otherwise. And how about when in the midst of the so-called ‘Obama Recovery’ Democrats were demanding a hike in unemployment benefits? In … Read more
First Black Unemployment, and Now Hispanic Unemployment Hits a Record Low
Employment for ‘people of color’ continues to set records under President Trump. Back in April 2018, we reported on record-low 5.9% unemployment for black Americans. That’s the lowest its ever been. Ever.
In June 2018, Hispanic-Latino unemployment (ages 16 and up) reached an all-time low of 4.6 percent. The lowest since records were kept. And this isn’t just a one-month thing.
Let Them Eat Crumbs!
CNBC is reporting that jobless claims have hit a 48-year low (which for the math challenged includes the years when Obama was President).
Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 211,000 for the week ended May 5, the Labor Department said on Thursday. Claims dropped to 209,000 during the week ended April 21, which was the lowest level since December 1969.
There are more jobs than skilled labor, by many estimates. Hey, maybe some of those able-bodied folks on Medicaid Expansion will look for work before January 2019 when the NH Waiver makes it mandatory?
Data Point – Obama’s employment policies still failing the American worker
He owns this, not Bush. He has no one else to blame but himself. And the people I feel most badly for are the twenty-somethings – they voted for this incompetent who has now set their lives onto the slow track. (H/T: Instapundit)
Reality Alert to the Ivory Tower:
Emphasis mine:
On Tuesday, New Hampshire adjunct professors stood outside Manchester Community College to protest the limit.
Some said the realization that the health care law they once supported is being used against them was a harsh reality to swallow.
Craig Lange is a member of the team that has been negotiating for a contract since the adjuncts joined the State Employees’ Association two years ago. When the health care reform law passed, he was with a group of adjuncts at a system board of trustees meeting.
“We all applauded when the news came in that (the law) passed. . . . I didn’t think it would go this way,” he said.
This is what happens when Smart People support something that they didn’t read. This is also what happens to Smart People when Government changes the rules of the economic game and the Smart People, who voted for the Democrats that drove this ObamaClunker over the Finish Line, failed to read the fine print and had nary a thought of merely clever people acting in their own interest. Which is to say, your bosses and your politicians that keep your bosses on a leash. Welcome to the “new normal” of trickle down Obamaeconomics, boys and girls! And just think of the irony – you all helped to grease the skids of your own healthcase and financial demise (as it were).
The Obama Bell-Palsy Employment Curve
A booming, and initially perceived, oddity emanated from the White House like a streaking tie-dyed progressive woman jaunting across the south lawn with the vapors after having just caught a glimpse of The One standing in the Rose Garden doing…well… nothing as usual, but closer inspection reveals the tie-dyed streaking woman was just Chris Matthews in drag, and there’s nothing odd about him getting the vapors for The One, nor would it be a surprise catching him in drag.
So it was when the White House released this oddity yesterday, “…today’s employment report provides further evidence that the U.S. economy is continuing to recover…” and that “the unemployment rate fell from 7.7 percent in February to 7.6 percent in March”. It said “recover”! Well, all right man, grab your top hat, your cigarette holder, inflate your ego and let’s start in on “Happy Days Are Here Again”, ready? One, Two, Three…
Not so fast. Here comes the odd part.
Sequester Will Destroy 170 Million Jobs
I confess that I missed this (until now).
Democrat Maxine Waters (D- Doh!), relieved that she is not in prison for all the corruption she has engaged in while elected to the US House of representatives, is making up for that by just being herself.
“We don’t need to be having something like sequestration that’s going to cause these jobs losses, over 170 million jobs that could be lost – and so he made it very clear he’s not opposed to cuts but cuts must be done over a long period of time and in a very planned way rather than this blunt cutting that will be done by sequestration.”
As Charles C.W. Cooke points out at NRO’s The Corner, there are only about 134 million jobs in America.
Data Point – Unemployment rate EVEN with Obama’s Stimulus
(Image H/T: AEIdeas) Drop outs from the Labor force at all time high: 89,304,000 The Corner: Were the unemployment rate today measured against the same workforce participation as when President Obama took office four years ago, the unemployment rate today would be 10.7 percent.
The Obama Recovery Is So Darn Good…
The recovery is so damn good that more people stopped looking for work than found a job in January. Around 157,000 became employed while 169,000 people left the labor force. Since Obama came to office 8.5 million Americans have left the labor force. That means that there are 8.5 million fewer jobs in the country … Read more
Seven “Firsts” for the US Economy
From Wynton Hall at Breitbart…an end of year (or beginning of year) list of Mr. Obama’s new normal. This is his America, and that of Democrats who have had a majority control of the US government for six years now. Mr. Hall calls these “seven firsts for the US economy.”
1. All-time record annual average gas price: In 2012, the average cost of a gallon of gas eclipsed the previous record by nine cents, bringing the annual average to $3.60.
2. All-time record food stamp participation: As of last month, for the first time in American history, 47,710,324 individuals — roughly one out of every seven people living in the United States — now receive food stamps.
Kids say the darndest things…
Friend of mine told me she was eating breakfast with her 13-year-old granddaughter and asked her, “What day is the 20th of February?” Granddaughter said “It’s President’s Day!” (She’s a smart kid.) So my friend asks “What does President’s Day mean?” and she was waiting for something about Washington or Lincoln… etc. Granddaughter replied, “President’s … Read more
Obama Promises – when does this expiration date come up for renewal?
Pray tell, if he can’t keep his promise of better results on unemployment on a massive $1 Trillion Stimulus, what is his promise on the newest $50 Billion one he wants as part of the Fiscal Cliff? (H/T: AEI)
Chasing the Equality Rabbit Down the Democrat’s Debt Hole
Even if it does not appear obvious, even to the casual observer, once government gets started on something it is difficult to get it to stop. So where exactly do we expect the Democrats notions of state managed economic leveling to take us? Their talk of economic equality centers on the idea that the government not only knows what “is” the best idea of equality but that it can actually deliver it.
Let us assume, even for just a moment, that this can be done at all. Does anyone in that group of believers think that the government can make us all rich? Can the government even regulate and tax into existence a nation of middle income householders of adequate means?
To answer this consider the arc of recent spending. Since 2006 when Democrats took congress, we have added almost seven trillion in debt. Since Mr. Obama took the White House,we have added six trillion of that. So in just a few years the Democrat party–the people who claim they can deliver economic equality–have added 40% to the national debt. Forty Percent.
Are things better, more economically equal?
“Obama-Care To Kill More Jobs as Employers Struggle to Stay in Business”
One provision of Obama-Care requires employers to recognize anyone who works 30 hours a week as a full time employee.
The pertinent section (1513) of the law reads as follows:
(4) Full-time employee
The term “full-time employee” means, with respect to any month, an employee who is employed on average at least 30 hours of service per week.
The Secretary, in consultation with the Secretary of Labor, shall prescribe such regulations, rules, and guidance as may be necessary to determine the hours of service of an employee, including rules for the application of this paragraph to employees who are not compensated on an hourly basis.
Anyone working 30 hours will require employer paid benefits, or the employer will be fined for failure to comply. SO where’s all that money going to come from? You and me.