How do we know this? Because he announced yesterday that jobs and growth were now his administration’s top priority. On Tuesday, America went to the polls. And the message you sent was clear: you voted for action, not politics as usual. You elected us to focus on your jobs, not ours. [snip] At a time when our economy is still recovering from the Great Recession, | Read More »
If I wanted to be a political hack, I would tell you that this was a terrible jobs report because the unemployment rate rose .1% at a time when we are supposed to be experiencing only growth in the job market. However, the truth is that just like the past few reports which showed the U3 number declining were not good reports; this one is | Read More »
Every month, we try to break down the monthly employment report from the BLS and analyze it in plain English. Today’s report of September employment is so bizarre that it’s hard to comprehend, much less give over. The BLS puts out two surveys: 1)the establishment survey, which shows the growth in non-farm payroll jobs (as well as a breakdown by specific industry), surveys businesses and | Read More »
Also: what’s with the hunchback?
Read More »
Well, the Democratic Convention began with a Jimmy Carter endorsement of Obama and ended with a Jimmy Carter jobs report. Here is some Obama magic for you. The unemployment rate ticked down to 8.1%; the broader U6 rate ticked down to 14.7% from 15%. Yet there is not a shred of good news in this report. How so? Jobs created: The net increase in nonfarm | Read More »
Yesterday afternoon the Huffington Post hosted a nonpartisan panel and lunch to discuss the issue of jobs and the best ways to create more opportunities for the more than 20 million people who are currently unemployed or underemployed. The event titled, “What Is Working,” included panelists such as Ohio Governor John Kasich, conservative political commentator Laura Ingraham, Judith Rodin from The Rockefeller Foundation, and Tom | Read More »
Amidst Obama’s inexorable war on American energy, consumers, jobs, and prosperity, his EPA is in the process of promulgating 4 new pollution rules that will bury the coal industry and “necessarily” raise the price of electricity on American households. They are the Cross-State Air Pollution Rule, the Mercury and Air Toxics Standards for Utilities (MACT), the Cooling Water Intake Structures regulation, and the Disposal of | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss who the economy’s job creators really are, what raising taxes on the rich would actually mean for our bottom line, and why tax policy should favor small businesses. We’re brought to you as always by Stephen Clouse and Associates. | Read More »
It’s clear that the Obama administration wants the Safe Web Act renewed, what with the big showy announcement over at ICE (though if ICE is going after “Copy Cats,” how long until Samsung gets nailed?). I’d want to look carefully though. We don’t have to just renew it. We can examine it and change it in any ways that make sense given the Obama administration’s | Read More »
During an appearance on “Fox News Sunday,” DNC Chair Rep. Debbie Wasserman Schultz channeled President Obama’s infamous “the private sector is doing fine” comment, saying she is “happy” with job growth in the private sector: Fox News’ John Roberts: “So then is the suggestion that we should just do keep doing the same thing? There’s that old definition of doing the same thing over and | Read More »
The June jobs report from the BLS is out this morning, and the findings are not pretty. The headline number of the establishment survey is that only 80,000 net jobs were created last month, about 100k under the requisite amount to accommodate the population increase. The working-age population grew by 189k in June, according to the household survey. As such, there are now 29 thousand | Read More »
When observing the chaos that big union bosses have interleaved into the labor market, you instinctively think of the above-market wages that are forced upon employers (and taxpayers, in the case of public-sector unions) as a result of the monopolistic collective bargaining contracts. However, what is even more deleterious is the limitation on paying individual workers more than their contract dictates. Believe it or not, | Read More »
The Romney campaign has released a new television, titled “Strong Leadership,” touting Romney’s economic record as Massachusetts governor: “As governor of Massachusetts, Mitt Romney demonstrated strong leadership—reducing the unemployment rate and balancing budgets without raising taxes. As president, Mitt Romney will do the same to help create jobs and get our country back on track.” The ad highlights three of Governor Romney’s economic achievements:
The headline number from the BLS’s Establishment Survey was an addition of 115,000 jobs for the month of April. That is a terrible number for this far into the recovery, as it fails to keep up with population growth. At this time in the Reagan recovery, the economy added a population-adjusted 480,000 jobs. So why did the unemployment rate (U3 number) drop another 0.1% to | Read More »
So Gov. Rick Perry seems to have gotten over the entire debacle that was his run for The GOP nomination and gone back to doing what Governor Perry does well. He’s on the phone swinging deals to bring jobs and power down South to The Rio Grande. Well not quite that far South, he’s targeting Austin, TX instead. The Austin American-Statesman reveals details. Apple Inc. | Read More »
![[RS]](/t/img/logo-footer.jpg){kind=logo}