Job Market Monitor
Obama
Unemployment in US – The largest drop in the rate between a presidential and midterm elections on records
Midterm elections often end up serving as a referendum on the president’s performance. Given this, I’ve been surprised not to hear Democrats more aggressively trumpeting the improving economy. After all, the unemployment rate has fallen by two percentage points since the last election, and at 5.9 percentage points it is far lower than many had … Continue reading
US – Workforce Innovation and Opportunity Act (WIOA) – FAQ
The following Frequently Asked Questions are drafted in the context of the Workforce Innovation and Opportunity Act (WIOA) programs that are administered by the Department of Labor (DOL). GENERAL QUESTIONS Q. What programs are authorized by WIOA? WOIA authorizes key employment and training programs and the American Job Center (referred to as One-Stop Center in … Continue reading
US – Obama to sign bill improving worker training
On Tuesday, President Obama and Vice President Biden will announce new executive actions on job training at the signing of the Workforce Innovation and Opportunity Act Congress and the President have finally found some common ground: Obama will sign the first significant legislative job training reform effort in nearly a decade on Tuesday. The Workforce … Continue reading
President Obama’s Jobs Programs / The first of three institutes announced
President Obama, seeking to fulfill a pledge from his last State of the Union address before his next one in two weeks, traveled to North Carolina on Wednesday to announce the establishment of a manufacturing institute to help create well-paying jobs. A consortium, led by North Carolina State University and comprising 18 companies and six … Continue reading
President Obama / Defends Jobs Record in Address to AFL-CIO
President Barack Obama told the largest U.S. labor group that his administration has helped improve job conditions and wages though there is more to be done. Since the financial crisis, U.S. businesses have created 7 million jobs and the automobile industry is leading a comeback of the nation’s manufacturing sector, Obama told the AFL-CIO convention … Continue reading
President Obama / Eighth pivot to jobs
Obama would be giving two economic speeches Wednesday, one at Knox College in Galesburg, Ill., and another at University of Central Missouri in Warrensburg, Mo on Jobs Continue reading
BLS ‘understates the unemployment rate’ says Obama’s Labor nominee
Thomas Perez, President Obama’s nominee to lead the Labor Department, told Congress today that the Bureau of Labor Statistics is “understat[ing]” the national unemployment rate. “The labor force participation is at one of the lowest levels,” Perez told Sen. Bernie Sanders, I-Vt., during his confirmation hearing today, adding that “7.6 percent doesn’t take into account … Continue reading
It is Time to Upgrade America’s Miserly Minimum Wage writes Ralph Nader
America’s highest-paid CEO last year, John Hammergren of McKesson Corp. received compensation of over $131 million. That is the equivalent of about $63,000 per hour, or $10,000 more than the annual median household income in the United States. Meanwhile, some of this country’s lowest-paid workers—those on minimum wage—made just $15,080 annually at $7.25 per hour. … Continue reading
Trans-Pacific Partnership good for US job creation Obama says
President Obama said Tuesday that forging new trade deals should serve as a catalyst to job creation and broader economic growth in the United States. At a meeting of the President’s Export Council, Obama said that many of the jobs generated during the nation’s economic recovery have been driven by growing exports amid a goal … Continue reading
US / Boehner: Job Report shows Obama wrong to scrap president’s jobs council – The Hill’s Blog Briefing Room
Speaker John Boehner (R-Ohio) said the latest jobs report shows President Obama was wrong to close up his his jobs council. “This is the wrong time for President Obama to scrap his jobs council and delay his budget,” Boehner said in a statement released less than an hour after a new report found the jobless … Continue reading
‘Obamacare Layoffs’ / Overblown ?
“Obama Reelection Triggers Massive Layoffs Across America.” “Job loss an early consequence of election.” “Obama keeps job; others lose theirs.” “The Obamacare Layoffs Begin…” “Top US Companies Plan Layoffs Because of Obamacare.” These are some of the headlines coming out of media sources like the Washington Times, the National Review, and Fox News since President … Continue reading
Obama’s second term | 3 priorities: Jobs, jobs, jobs
It’s still about jobs. What will determine the core success of President Barack Obama’s second term is progress – or the lack thereof – in reducing long-term unemployment. We know this from exit polls, which ranked the economy as the top issue (selected by about 60 percent of voters) and, more important, from common sense. … Continue reading
A Progressive case against Obama
despite the heated tone of Obama defenses, not one person disputed the underlying factual basis of my argument: 1) Under Barack Obama, economic inequality in terms of income growth has skyrocketed to historically high levels. After I published my piece, Ian Welsh buttressed these claims, pointing me to this St. Louis Federal Reserve chart of the … Continue reading
Obama – Layoff Bomb ?
In June, a diffident and self-deluded President Obama claimed that “the private sector is doing fine.” Last week, the private sector responded: Speak for yourself, buster. Who needs an “October Surprise” when the business headlines are broadcasting the imminent layoff bomb in neon lights? The Bureau of Labor Statistics reported last Tuesday that employers issued … Continue reading
Obama vs Romney : Are the unemployed backing GOP ?
One of the most dominant theories of this year’s presidential election is that President Barack Obama’s re-election prospects have been undermined by high unemployment levels. Yet despite a dismal labor market, which saw a net increase of only 103,000 private-sector jobs for August, the president has been widening his lead over Mitt Romney in recent … Continue reading
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