Obama made his usual vague hopey changiness promises about the economy and offered nothing specific about poverty and unemployment. Nor will he. “Washington has taken its eye off the ball,” he said. Indeed they have. Inquiring minds want to know when DC politicians including Obama might start doing their jobs again. Four out of 5 […]
Tag Archives | unemployment
“Doublethink is the act of simultaneously accepting two mutually contradictory beliefs as correct,” as in there is more unemployment even though the unemployment rate is dropping. Far fewer entered the workforce in March than expected while many more jobless officially became non-persons as they were dropped from being counted. The magic results of this is […]
The Snark of the Day Award goes to Zero Hedge for their take on the unemployment numbers. The 0.4% perfectly unmanipulated and totally coincidental swing in the unemployment rate in an Obama favorable direction one month before the election came at a prime time moment for the market. What’s more, the government revised unemployment numbers […]
U.S. job growth slowed sharply in May, the latest indication that the economy has lost momentum.
This definitely contradicts the accepted wisdom the cities are where the jobs are, doesn’t it? Most of the jobs in the rural heartland are due to the oil and gas drilling boom. North Dakota has unemployment of just 3.1% and some towns have no available housing so bring a camper. More about low unemployment in […]
The primary cause of unemployment, says a survey a business owners, is poor sales. Concerns about regulations are a distant third. It’s not surprising that regulatory uncertainty seems to have such marginal economic effects. Regulations do impose burdens on businesses, but the numbers are relatively small compared to everything else that affects a business, from […]
Rapper J-Hustle videoed a six block line of people in Chicago standing in minus 8 wind chill weather waiting to get an application to work at Ford. And then Ford closed the doors early. The unemployment rate there and in too many other areas is off the charts. Make no mistake, these are people who […]
The Economist explores how automation and technology is replacing jobs. Unlike previous eras when such disruptions did indeed create many new jobs, this time the robots and bots may be self-perpetuating. And the jobs they are replacing are ones previously thought immune from such technological shifts. First thing we do, we replace all the lawyers. […]
USA Today Craigslist… is a portal into the misery of people who are struggling to find jobs. Posts from people who are desperate for work read like Haiku poems that detail hard times and fear. Meanwhile, D.C. continues to be catatonic about creating jobs and reducing unemployment.
The Oklahoman is not impressed with Obama’s jobs plan. Welfare for the rich, it seems to me. Washington is paying $2,571 per resident of three Oklahoma hamlets for broadband connections. These citizens (fewer than 600 altogether) won’t get the money themselves. It goes to large telecom firms. But please don’t call that corporate welfare. Surely […]