Job Market Monitor
Obama
76% feel that the US economy is still in recession
Seventy six percent of respondents said that the economy is “still in recession” while just 21 percent said the recession is over, according to the Post-ABC poll. While 85 percent of Republicans feel the economy is still in recession so do 68 percent of Democrats and 77 percent of independents. Do you think the country’s … Continue reading
On Just over 5 M lost during the Great Recession, women accounted for nearly 1.8 M
But more than 2.2 million jobs have been added under Obama, but the gain for women was just 284,000. “For far too long women have been left behind in Obama’s job market. Of the 740,000 jobs lost since Obama took office, 683,000 of them were held by women. That is truly unsustainable.” — Statement by Sharon … Continue reading
Obama | Income Inequality Hurts
So, does inequality hurt growth? Some economists have said “absolutely,” and others have said “absolutely not.” Here’s a serving of both view points. OBAMA IS RIGHT “Inequality is harmful for growth.” Inequality can lead to recessions. OBAMA IS WRONG “Little overall relation between income inequality and rates of growth and investment.” Marketization, not inequality, is … Continue reading
U.S. | Jobs Act Get Mixed Reviews
JOBS Act Signed Into Law With Mixed Reviews Source: Think JOBS Act Means Wild West Is Back? Think Again – Business News – CNBC Any U.S. corporate executives who think they can use the Jobs Act’s relaxed rules for public listing to cut corners on accounting and disclosure may want to think again. The Act, … Continue reading
U.S. | Inequality seen as a Major Problem in survey
A new Harris Poll examines the issue of inequality and whether or not it has potential traction in the presidential and congressional elections this fall. The results show that it could well be an important issue because a majority of Americans believe that inequality is a “major problem” and that it is important “that the … Continue reading
A Generation War ?
“The recession didn’t gut the prospects of American young people. The Baby Boomers took care of that” writes Stephen Marche on esquire.com. Twenty-five years ago young Americans had a chance. In 1984, American breadwinners who were sixty-five and over made ten times as much as those under thirty-five. The year Obama took office, older Americans … Continue reading
U.S. | Only 56 percent of college students complete four-year degrees within six years
“The American system for preparing young people to lead productive and prosperous lives as adults is clearly badly broken” according to the Pathways to Prosperity study by the in 20 Harvard Graduate School of Education. Only 56 percent of college students complete four-year degrees within six years. Only 29 percent of those who start two-year degrees finish them within three … Continue reading
Apple says it is supporting 514,000 U.S. Jobs | Reactions
Apple is Supporting 514,000 U.S. Jobs according to Apple itself. You can read the argument @ Apple. “Apple has made its first attempt to quantify how many American jobs can be credited to the sale of its iPads and other products, a group that includes the Apple engineers who design the devices and the drivers who … Continue reading
U.S. Treasury Notes | The U.S. Economy in Charts
Earlier this month, in testimony before Congress on the President’s Budget, Secretary Geithner provided an update on the nation’s economic and financial health. Today, we offer you a more in-depth look – in charts – at the data behind many of the key points he discussed and look forward to sharing similar briefings in the … Continue reading
PolitiFact Georgia | Gingrich: Main reason for unemployment decline is shrinking workforce
A visit to the Atlanta-based Neal Boortz radio show gave Republican presidential candidate Newt Gingrich a chance to partake in three of his favorite pastimes with a single sentence. The former U.S. House speaker railed against President Barack Obama. He took a swing at the media. He tackled the economy, which some see as the … Continue reading
Still not enough jobs – The News Herald
The jobs situation nationally is slowly improving, but is the pace fast enough to reward President Barack Obama with reelection? The administration says January saw a net gain of 243,000 jobs, and 351,000 newly laid-off workers sought unemployment benefits last week, the fewest since March 2008. These encouraging signs come as the number of people … Continue reading
Obama Renews Push For Higher Education, Hints at Santorum ‘Snob’ Comment – ABC News
“No issue will have a bigger impact on the future performance of our economy than education,” the president said in remarks before the National Governors Association at the White House. The president insisted that higher education is the key to preparing Americans for the jobs of the 21st century. “We can’t allow higher education to … Continue reading
Obama striking out on ‘green jobs’ program | islandpacket.com
General Motors stock acquired by the federal government in exchange for debt repayment is trading for about half the value used in the conversion calculation, while the stock market is significantly up for the year. If that stock were sold today, the taxpayers would lose $14 billion. Then there is Solyndra. Enough said. One year … Continue reading
A Million Jobs – NYTimes.com
The American economy was terrifyingly close to the brink in 2008 and 2009, and the impending collapse of General Motors and Chrysler threatened to be the final push. When the companies begged the federal government to save them from financial catastrophe, President George W. Bush and later President Obama ignored strong Republican objections, saving a … Continue reading
Governors flank Obama on job growth pitch – Byron Tau – POLITICO.com
Democratic governors joined President Barack Obama Friday in full 2012 campaign mode, defending the president’s record on the economy. The governors, who met with Obama while in town for this weekend’s National Governor’s Association conference, touted job creation — long considered Obama’s top political vulnerability — as a political strength. They pointed particularly to growth … Continue reading
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