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unemployment

All The King’s Men Can’t Put Humpty Dumpty Back Together Again

  Nobody can predict how long governments can get away with fake growth, fake money, fake financial stability, fake jobs, fake inflation numbers and fake income growth. Our feeling is that confidence, especially when it is unjustified, is quite a thin veneer. When confidence is lost, that loss can be severe, sudden and simultaneous across a number of markets and sectors. _ Paul Singer’s letter to investors Then there is this from David Stockman: …  since the turn of the century, the working age population has grown from 212 million to nearly 250 million, but out of that potential 38 million gain, […]

Foreign-Born Job-Holders Break 25 MILLION…

Hat/Tip to WeaselZippers and Ali Meyer at CNS News. The “Global President” strikes again… Another amazing Obama record! Via CNS News: (CNSNews.com) – The number of foreign-born individuals holding jobs in the United States hit a record high of 25,019,000 in September, according to data from the Bureau of Labor Statistics (BLS). The BLS has been tracking the number of foreign-born workers annually since 2005 and monthly since 2007. The BLS does not distinguish between foreign-born individuals who are in the United States legally and those who are here illegally. “The foreign born are those who reside in the United […]

Seattle Socialist Party Wants $20 per hour Minimum Wage, Offers $13 per hour for Website Manager

Hat/Tip to Eric Owens at The Daily Caller.  Obama’s economy continues to bring Hope and Change to Americans of all ages and income brackets. Well, to be more specifi, the lower income brackets get the Hope and the very rich continue to keep the Change.  The economy is stagnant — so stagnant that over 35 percent of all Americans have been reported to a collection agency for bad debt and The Washington Post has advised newly-minted college graduates to give up hope and go live in their parents’ basements. However, The Daily Caller never dreamed it would come to this: […]

The Left Hates Teenagers

Common sense tells us that if something becomes more expensive, less of it is consumed. And, if that something happens to minimum wage workers, the same is true. A few days after Labor Day American Thinker ran a post titled Fast food strikers: meet your replacement robot. The article reported on how the far left SEIU had organized protests for raising the minimum wage to $15 per hour in several cities across America. Most of the protests took place near fast food restaurants. Many of the protestors were arrested for blocking traffic. The author  believes that these protests by striking […]

Nearly 25 Million Foreign-Born Hold US Jobs

Hat/Tip to Ali Meyer at CNSNews. Thanks to the Obama economic policies, we have rampant and epidemic unemployment in this country and what does our President want to do? He wants to INCREASE the number of folks looking for work by legalizing millions and millions of illegals. As it stands now, already nearly 25 million of them have taken American jobs. The number of foreign-born individuals holding jobs in the United States hit a recorded high of 24,639,000 in August, according to data from the Bureau of Labor Statistics (BLS). The BLS has been tracking the number of foreign-born workers […]

What Would a $15 a Hour Minimum Wage Cause: Higher Prices vs. Robots

The effort to provide millions of workers with a living wage put millions of workers out of a job, the SEIU Communist Party is leading protests against fast food joints all over the US.  Their demand is a $15 a hour minimum wage.  As usual, the SEIU Communists, being ignorant of how businesses actually work, fail to recognize the consequences of their actions; like higher prices… Fight for 15 The Service Employees International Union (SEIU) has launched an expensive PR campaign calling for wages of at least $15 an hour in the fast-food industry. This Fight for 15 is part […]

Coal Miner Gives Heartfelt Testimony Regarding Obama’s EPA Policies

Obama promised that he would put coal fired power plants out of business.  Obama promised that his policies would make make electric bills “skyrocket.”  As we face potential energy shortages and even possible brownouts/blackouts due to Obama’s policies, coal miners are looking forward to a bleak future as well.  Here is video of a miner making a rather humble and heartfelt comment a a public hearing.   When Obama kills the industry that uses much of the coal mined, it puts the coal miners in a precarious position. But, of course, the Obama administration doesn’t care a bit about the […]

The illusion of a recovery: Unemployment drops as part-time work explodes

Recovery Summer Episode VI, Revenge of the Part-Timers. In the new landscape of the American labor market, jobs are easier to come by but hours remain in short supply. New government data released Thursday showed the economy added 288,000 jobs in June — the fifth straight month gains have topped the critical benchmark of 200,000. The unemployment rate fell to 6.1 percent, down more than a percentage point over the past year. But there’s a gnawing fear among some economists that the improving data provides false comfort. The number of people in part-time jobs jumped by more than 1 million […]

George W. Bush’s Stimulus vs. Barack H. Obama’s – A Look Back

When Obama came into office, he faced the bursting of the housing bubble and a big recession. His answer was to respond with a stimulus package, mostly full of spending, but with some minor tax cuts thrown in for lip service. But his predecessor also came into office faced with a big recession and he also responded with his own stimulus package. Let’s take a look at the way both men handled the problems facing each. As I said above, let us remember why the Bush tax cuts even took place. When Bush & Cheney took office, they faced a […]

Unemployment Down Due to People Getting Jobs, or People Giving up and Dropping out?

If you believe the Obama administration, or his sycophants in the MSM, the unemployment rate is down because of the President’s exceptional leadership and policies in the face of the racist GOP.  This should not come as a surprise, nor should we be surprised that the unemployment rate is really down due to the fact that so many people have dropped out, and given up on trying to find a job.  The Federalist has more… According to new data from the Bureau of Labor Statistics (BLS) released this morning, the U.S. economy last month added 74,000 new payroll jobs, while the […]

Thanks for the Great Recovery, Mr. President!

The biggest problem facing Americans for the last several years is the lack of jobs. Recent surveys have shown that most middle class Americans are worried about hanging on to what they have rather than striving to improve their lot in life. Young Americans are particularly concerned for their futures. But, our fearless leaders in Washington seem to think that the most important issues improving  the rights of gays, improving the rights of illegal immigrants, and reducing our First and Second Amendment rights. Many times on this page I have talked about graph of workforce participation rate. Since Obama took […]

After Over a Century in Business, Oberdorfer Killed by Obama Economy

It seems that the Obama economy and ObamaCare did in Oberdorfer, a Dewitt, NY foundry, that two world wars, the Great Depression, organized labor, and event he Carter presidency.  It could not, however, survive a second term of Barak Obama.  The Lonely Conservative has the details.  The “2008 recession” is the recession that never ends. The unit which started its operation in late 19th century had been a major producer of cylinder heads and other vital military items. Oberdorfer was the specialized manufacturer of complicated aluminium castings for airplane engines. The company which survived many recessions in its long run, […]

More ObamaCare Layoffs: Medical Providers Now Bracing for Impact

The ObamaCare Layoffs continue to pile up.  In this edition, we see some medical providers that are taking action to stay in business-by laying off workers.  Michelle  Malkin has the details… The ramping up (or down, depending on how you look at it) for full implementation of Obamacare continues: In the largest staff reduction in its nearly 100-year history, Orlando Health is cutting up to 400 jobs starting immediately, hospital system officials announced Monday. The move is part of a broader effort to position the hospital system for the health-care overhaul, CEO Sherrie Sitarik said. The elimination of jobs will occur […]

Layoff Update: Over 75,000 Lose Their Jobs Since Obama’s Election Day Victory

Categorize this under “elections have consequences.”  There is news on the layoff front. In the few days since President Obama won his surprising, fraud filled victory, over 75,000 people lost their jobs.  Breitbart has more… The Department of Labor has announced that new jobless claims rose by a staggering 78,000 in the first week after the election, reaching a seasonally-adjusted total of 439,000. Over the past year, and in the weeks leading up to the election, jobless claims were said to be declining, dipping as low as 339,000, with the media proclaiming that they had reached the “lowest level in more […]

Layoff Bomb Continues: Social Media Traffic Reflects Grim Job Outlook

It seems that the layoff bomb continues.  Here is a screencap from Twitchy. The main article has even more, so check it out. More and more people are losing their jobs, and it doesn’t appear to be slowing.  The question is, how long before the media covers it, and what spin will they use to cover for the Obama Administration? NOTE:  The tweets shown above are as is, I can make no claim to their veracity.  It is, after all, the internet.  However, I see little benefit to lying about these things.

Small Business Owners Explain Why ObamaCare Causes Cuts in Hours and Layoffs

As the layoffs continue to mount, and the left continues to blame everyone/everything but Obama’s policies, business people continue to attempt to explain the situation.  FOX News has the video.  Why FOX News?  Because the other networks won’t cover it! Of course, leftists will probably promise to boycott these businesses, and try to put them under.  Because, as we all know, putting all of the workers in the unemployment line is far better than some of them losing their jobs.  As far as I can ascertain, it must be a twist on the normal liberal fairness meme.  You see, if some losing their jobs, and others […]

Leftist Meme for Layoff Bomb, Anything but Obama’s Policies!

As the layoff bomb continues, it might be a good idea to take a look at the probable reaction from the left.  For this one, I think it will rather simple.  It’s all going to be variations on the leftist classic… It’s ALWAYS something or someone else’s fault.   Remember that no matter what happened in Obama’s first term, it was Bush’s fault?  Or maybe even a tsunami?  Or perhaps ATM machines?  It doesn’t matter how bad the liberals fail, the fault always lies elsewhere. This is not  new.  The communists made an art form out of it.  Remember this from […]

Elections Have Consequences: Layoff Roundup

Elections Have Consequences, Obama, Layoffs, ObamaCare, Tax, penalities