Is the U.S. job market dismal as Republican presidential nominee Mitt Romney says? Or is it steadily improving as President Barack Obama contends? Not to dodge the question or anything, but both men are correct. It’s all about how you slice the data. Romney and his Republican allies like to point to the unemployment rate. … Continue reading
The nation does have 4.5 million more private-sector jobs than it did in January 2010. But by then, Mr. Obama had already been in office for a year. Starting the jobs count in January 2009, the month Mr. Obama took office, shows that the nation now has only 332,000 more private-sector jobs now. Figuring out … Continue reading
Does it make sense for states to try new approaches to help poor parents find jobs? The Obama Administration thought so. Temporary Assistance for Needy Families (TANF), which provides very little assistance to very poor families with children, has not been especially effective at placing single moms in jobs. Even in good times, nearly half … Continue reading
Speaking to supporters in Oakland, CA, President Obama declared that his economic policies are already proven successes. “We tried that and it didn’t work,” Obama said of Mitt Romney’s proposed tax cuts and spending cuts, which he dismissed as a Bush-style “top down” economic policy. “Just like we’ve tried their plan, we tried our plan … Continue reading
Pointing their fingers in part at regulations the Obama administration has imposed on their industry, two coal companies announced layoffs Friday. Pennsylvania’s PBS Coals Inc. and the affiliated RoxCoal Inc. announced that they would idle some of their deep and surface mines, laying off 225 employees in the process. “Both the foreign and domestic coal markets … Continue reading
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
President Obama is the chief executive, obligated by the Constitution to “take Care that the Laws be faithfully executed.” Obama, however, seems to have — by executive order — altered that to read “take Care that the Laws [which he likes or wished Congress had passed] be faithfully executed. The list of laws he won’t … Continue reading
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
Lockheed Martin is among a group of defense contractors who say that federal and state law would require them to tell hundreds of thousands of employees they could lose their jobs should the Obama administration and Congress fail to avert automatic defense reductions of $500 billion over a decade, starting Jan. 2… via Lockheed’s warning … Continue reading
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
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
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
America’s top two Republican leaders fired blistering broadsides Tuesday at President Barack Obama, saying that the president had made the economy and the future worse and that the United States “may never recover.” House Speaker John Boehner (R-Ohio) laid down the starkest warning, telling Fox News, “America can’t live for four more years with Barack … Continue reading
President Barack Obama’s electoral strategy can best be summed up as: “We’re on the right track, my economic policies are working, we still have a long way to go but stick with me and you’ll be fine.” That’s not good enough. This recovery is too anemic, and the chance of an economic stall far too … Continue reading
Three weeks ago, President Barack Obama stood in front of a sea of gleaming solar panels in Boulder City, Nevada, to celebrate his administration’s efforts to promote “green energy.” Stretching row upon row into the desert, the Copper Mountain Solar Project not far from Las Vegas provided an impressive backdrop for the president. Built on … Continue reading