Unemployment
8.5 Million Americans Left Labor Force In Obama's First Term
February 1st, 2013 8:51 AM
The Bureau of Labor Statistics released jobs numbers for January Friday showing that nonfarm payroll employment increased by 157,000 and the unemployment rate rose to 7.9 percent.
Lost in these headline numbers was another rise in the number of people not in the labor force.
Politico's Byers Drags Romney, 13 Years After Leaving Bain Capital, In
January 31st, 2013 8:19 PM
Someone needs to tell Dylan Byers at the Politico that the 2012 presidential smear campaign is over, and their guy won.
Byers seems not to have gotten the memo, and is still engaged in associating Mitt Romney with the firm he left in 1999 any time it has involvement in decisions relating to layoffs. In the current instance, Bain was engaged as an advisor to a new CEO at Time Inc. -- meaning…
Rick Santelli Responds to Negative GDP Report: 'We Are Now Europe
January 30th, 2013 9:59 AM
Rick Santelli made a stunning observation Wednesday about the shocking report that the economy actually shrunk in the fourth quarter last year.
"We are now Europe," he declared on CNBC's Squawk Box.
Union-Represented AP Reporter Bemoans Decline in Union Membership, Adm
January 25th, 2013 9:26 AM
File this under "careful what you wish for."
In 2012, with a Democrat in the White House, union membership declined, not only as a percentage of the workforce, but in absolute numbers. Even though the related report from the Bureau of Labor Statistics revealed that the number of employed wage and salaried workers increased by almost 2.4 million, union membership fell by just under 400,000.…
For Second Week in a Row, Press Says 'Jobless Claims Fall to 5-Year Lo
January 24th, 2013 11:27 PM
For the second week in a row, actual (i.e., not seasonally adjusted) unemployment claims as reported by the Department of Labor came in greater than the analogous week in 2012.
At the same time, and also for the second week in a row, the department's seasonally adjusted claims number -- the only one the business wire services ever specifically identify in their reports -- came in lower. In…
Leno: Twice As Many People Attended 2009 Inauguration Because Twice as
January 23rd, 2013 10:15 AM
Jay Leno went counter to the rest of the media's gushing over the Obama Inauguration Tuesday by actually taking some shots at the current White House resident.
Early in his opening monologue, the NBC Tonight Show host said, "There were twice as many people at his first inauguration...because four years ago, twice as many people could afford to stay in hotels” (video follows with transcribed…
In 2005, WashPost Noted Area Residents Unimpressed with Inaugural; No
January 22nd, 2013 6:45 PM
Native and long-time Washingtonians see presidential inaugurations every four years, and, for them, they're pretty run-of-the-mill, regardless of one's party affiliation. This is especially true when they're the second go-around for a given president. Washington proper is heavily liberal Democrat, and the outlying suburbs are so too, to a lesser degree, but still, enthusiasm for a presidential…
Jack Welch: 'Obama Comfortable With High Unemployment and Huge Deficit
January 22nd, 2013 8:13 AM
Former General Electric CEO Jack Welch had some harsh words Monday for the current White House resident.
Tweeting during the inauguration, Welch wrote, "[A]ppears Pres. Obama comfortable with high unemployment and huge deficits":
Wires Trumpet '5-Year Low' in Seasonally Adjusted Jobless Claims, Igno
January 17th, 2013 10:49 AM
None of the three major wire services covering today's report from the Department of Labor on initial unemployment claims is reporting the major news: For the first time in a long while, actual claims filed during the most recent week ended January 12 were almost 6 percent higher than the number filed during last year's comparable week, an indication that the current employment market may be…
Plight of Long-term Unemployed Rarely Reported in Obama Years, Was Med
January 11th, 2013 10:42 AM
A week ago, Associated Press reporters and their articles' headlines described the nation's job market in positive terms. An early a.m. report on Janaury carried this headline: "U.S. job market resilient despite budget fight." Later that same morning, just before the government's release of that day's employment report, there was this: "Jobs report expected to show underlying economic strength…
CBS Hypes 'Huge Bipartisan Victory', 'Milestone' with Fiscal Cliff Bil
January 2nd, 2013 4:29 PM
On Wednesday's CBS This Morning, Nancy Cordes trumpeted the passage of Senate Democrats' temporary fiscal cliff fix by the House as a "big bipartisan victory", immediately after pointing out that "the votes were about two-to-one Democratic in favor of the bill." Cordes also hyped how the bill is "a milestone, finally settling a decade-long debate over the Bush-era tax cuts," despite the fact…
Searching for Christmas 2012: To a Record Extent, the Press Said It Wa
December 31st, 2012 5:32 PM
This is the eighth year I have done shopping and layoff-related searches on how often the words "Christmas" and "holiday" are used.
As has been the case since the enterprise began in 2005, news reports are far more likely to refer to the commercial time frame between Thanksgiving and Christmas as the "holiday shopping season." Meanwhile, compared to shopping references, news reports are…
Evan Thomas: 'White Men Dropping Out of the Workforce' - 'Not Doing An
December 29th, 2012 10:40 AM
Former Newsweek editor Evan Thomas made a bizarre statement on PBS's Inside Washington Friday.
"Unexplored story of the year: white men dropping out - dropping out of the workforce, dropping out of elections, just plain dropping out, getting social security, not doing anything, going hunting, fishing, just not in the game" (video follows with transcript and commentary, file photo):
HuffPo Shocker: ‘President Clinton's Policies Sent the Economy Serio
December 26th, 2012 8:26 AM
Here’s something I bet you thought you’d never see at the perilously liberal Huffington Post.
In a Dean Baker article published Tuesday with the astonishing title “There Is No Santa Claus and Bill Clinton Was Not an Economic Savior,” the second sentence read, “Just as little kids have to come to grips with the fact that there is no Santa Claus, it is necessary for millions of liberals,…