Job Market Monitor
Romney
GM, Chrysler – Romney he’s wrong about Chinese jobs claim
“Barack Obama says he saved the auto industry. But for who? Ohio or China?” says the narrator in a radio spot running now in Ohio. “Under President Obama, GM cut 15,000 Americanjobs, but they are planning to double the number of cars built in China, … . GM, Chrysler tell Romney he’s wrong about Chinese … Continue reading
Participation Historical Paterns: The unemployment rate today would be 9.3%
Some people — notably Republican presidential candidate Mitt Romney — have argued that to get the “real” unemployment rate, we should add back all the people who have left the labor force and consider them unemployed. Doing that gives an unemployment rate of around 11%, depending on what month you choose for a baseline. But … Continue reading
Rich Middle Class – Romney’s ‘Middle Class’ Definition: $250,000 and Less
So how much does a middle class family earn in a year? Well that depends on who ya ask… If you ask Mitt Romney – “GEORGE STEPHANOPOULOS: Is $100,000 middle income? “MITT ROMNEY: No, middle income is $200,000 to $250,000 and less. So number one, don’t reduce– or excuse me, don’t raise taxes on middle-income … Continue reading
Romney in Tampa – Factory workers prepare to confront over Bain layoffs
Illinois car-part plant employees head to Tampa to protest outsourcing of jobs to China by parent company Bain Capital To the four people sitting in church at a Tampa suburb, coming to the Republican national convention to protest Mitt Romney felt deeply personal, not just political. For all of them are workers at an Illinois … Continue reading
Obama’s Welfare-to-Work Plan and The Romney campaign
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
Romney: a proponent of outsourcing jobs?
A conveniently timed piece on Mitt Romney in The Washington Post has given Democrats a big chance to label him as a proponent of outsourcing jobs, a line of attack that brings together the economy, a little-known career at a private-equity firm, and China. The thrust of the Post’s reporting is that while Romney ran … 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
Geithner | Romney words on women job losses are ‘ridiculous’
Top Obama administration aides pushed back Sunday against a charge by Republican presidential challenger Mitt Romney that women have suffered the brunt of the weak economy during the president’s tenure. Treasury Secretary Timothy F. Geithner called Romney’s claim that women have accounted for 92% of the jobs lost since Obama took office “ridiculous and very … Continue reading
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