Job Market Monitor
Barack Obama
President Obama – More Americans have been put on disability than jobs were created
A conservative attorney points out that more Americans have been put on disability than jobs were created during President Obama’s tenure. Since June 2009, the economy has created 2.6 million jobs, while 3.1 million workers signed up for disability benefits. That includes the month of June 2012, when 85,000 workers joined the disability program and … Continue reading
US – 2M Jobs Lost If Automatic Cuts Kick In
Republicans and Democrats seized on a new report estimating that automatic budget cuts will cost the economy 2 million jobs to level election-year charges that underscored the deep political divide over how to avert the looming crisis. Roughly five months until the across-the-board reductions kick in, the Aerospace Industries Association unveiled a new report Tuesday … Continue reading
Obama Jobs Council – A Lot of Outsourcers
During the past two weeks, President Barack Obama’s campaign has blasted Republican challenger Mitt Romney as an “outsourcer,” focusing on his career with private equity firm Bain Capital. The Romney campaign hit back on Tuesday, claiming Obama’s stimulus package failed to protect American workers and helped create jobs overseas. If Romney really wanted a juicy … Continue reading
Neither Obama nor Romney Will Jump Start Jobs Growth
Last week’s weak unemployment report was bad news. But here’s an even more sobering piece of news. Even with jobs playing a central role in the campaign, neither Barack Obama nor Mitt Romney is going to turn things around anytime soon. Here’s the problem, in a nutshell: Obama has a plan for job creation but … Continue reading
Chart – Public employment by President
Source: The Center of the Universe » Blog Archive » Public employment by President.
Politics – Lower Unemployment Where Republican Governor Elected in 2010
While liberals remain aloof to our economic recession in Washington, every Republican governor elected in 2010 has reduced unemployment and spurred an economic recovery at a rate faster than the national average in their respective states. Tony Lee of Breitbart.com stated that “the average drop in the unemployment rate in these states was 1.35%, compared to … Continue reading
Presidential Campaign – Almost 13% of Young Adults Who Voted for Obama are Now Unemployment
After almost one full term of Obama’s policies, the unemployment rate is still above 8% according to figures released on June 6, 2012. The number of unemployed women ages 16 and over in the civilian work force increased by 780,000 from January 2009. The economy created only 80,000 jobs in June while 85,000 workers exited … Continue reading
Reagan Added Public Sector Jobs During a Recession
This is a huge reason for the stubborn unemployment! President Obama doesn’t have the benefit of adding public workers to the payroll, like Reagan did. Lets start right at the top, the Federal level. Under Reagan, federal government employment increased by 100,000 from the middle of the 1982 recession until the 1984. via GOP Reality … Continue reading
In The News | World growth and U.S. employment,India, layoffs at BAE, GM and Hewlett Packard, IT Hiring, Employment Insurance in East Canada, Zambia and More
World growth at risk as U.S. employment stumbles ottawacitizen.com – WASHINGTON/LONDON – The world’s economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing fallin… JobMarketMon BAE Systems to axe 600 jobs | Business guardian.co.uk – BAE Systems has announced plans to close an historic factory … Continue reading
In The News | U.S. Unemployment Rises to 8.2% in May, Global Talent Pool in 2020, Layoffs at GM, Mazda, Bombardier Recreational, United Airlines and Windstream and Much More
Unemployment rises to 8.2% in May as job growth stalls again – latimes.com WASHINGTON — The nation’s unemployment rate rose for the first time in nearly a year, to 8.2% in May, as the economy added a disappointingly small number of jobs for the third straight month. The government said Friday that employers created on … Continue reading
In The News | Cloud computing, Romney’s Bain Record, Layoffs, African Youth, College Grad, Older Workers, and Much More
Cloud computing: 14 million jobs by 2015? smartplanet.com – I’m not Convinced Cloud computing is about efficiency. Cloud computing is about replacing thousands of underutilized server rooms and IT departments with shared facilities with higher utilization r… JobMarketMon Romney’s Bain Record on Job Creation Attacked – Businessweek businessweek.com – President Barack Obama’s re-election campaign attacked Mitt Romney’s … Continue reading
In The News | Baby Boomers and the Unemployment Rate , Skills Gap, EI Changes, Layoffs, Older Workers and Plastic Surgery for a Job and More
Jobs: The number of baby boomers retiring is holding down the unemployment rate – UPI.com upi.com – President Obama can thank baby boomers at least in part for the drop in the U.S. unemployment rate, with the first post-World War II generation hitting retirement age at a rate of 10,000 a day. Une… JobMarketMon Macau labor … Continue reading
U.S. | Nearly $1 Trillion a year fighting poverty and over the next 10 years, governments will spend $250,000 for every poor American
On January 8, 1964, President Lyndon B. Johnson delivered a State of the Union address to Congress in which he declared an “unconditional war on poverty in America.” At the time, the poverty rate in America was around 19 percent and falling rapidly. This year, it is reported that the poverty rate is expected to … Continue reading
UPDATE – Is american manufacturing in crisis?
As pointed out by Calculated Risk, industrial production is still 4.1% below the pre-recession peak. And, from the job market perspective, things are worse. Manufacturing’s decline in jobs is part of a complicated picture Is manufacturing in crisis? That’s a question on the minds of many policy makers. Even President Barack Obama talked about it in … Continue reading
The Big Waste according to Krugman
In Spain, the unemployment rate among workers under 25 is more than 50 percent. In Ireland almost a third of the young are unemployed. Here in America, youth unemployment is “only” 16.5 percent, which is still terrible – but things could be worse. And sure enough, many politicians are doing all they can to guarantee … Continue reading
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