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Job Report in US – What the White House says
With the unemployment rate below 5 percent for the first time in almost 8 years, here are five things you need to know about where our economy stands. Source: As Unemployment Drops Below 5%, Here Are Five Facts About America’s Jobs Market | whitehouse.gov Related Post Job Report in US, January 2016 – American employers … Continue reading
Reactions to June Jobs Report – ‘Certainly Disappointing’ economists say plus the White House
“This isn’t a terrible report by any means but it’s certainly disappointing. The lack of wage growth continues for another month while the labor market’s improvement certainly stalled. In terms of the Federal Reserve, one report never really changes the general narrative and this one certainly does not. We still think the Fed is on … Continue reading
Jobless Claims in US – Lowest Since 2006 says the White House
The economy is getting stronger thanks to the grit and resilience of American workers. Last month, total job growth exceeded 200,000 for the sixth straight month, the first time that’s happened since 1997. In fact, our private sector has added 9.9 million jobs for the last 53 straight months, the longest streak on record. As … Continue reading
US – Since the final quarter of 2007, the labor force participation rate has fallen from 65.9 percent to 62.8 percent says a White House report
Since the final quarter of 2007, the labor force participation rate has fallen from 65.9 percent to 62.8 percent in the second quarter of 2014, a decline of 3.1 percentage points. In this report, the Council of Economic Advisers estimates that this 3.1 percentage point decline can be attributed to three main sources: About half … Continue reading
US – The Employment Situation in June as seen by The White House
KEY POINTS IN TODAY’S REPORT FROM THE BUREAU OF LABOR STATISTICS 1. The private sector has added 9.7 million jobs over 52 straight months of job growth. Today we learned that total nonfarm payroll employment rose by 288,000 in June, mainly reflecting a 262,000 increase in private employment, which is above the 203,000 per month … Continue reading
US – Is The White House Consistent on Minimum Wage and Interns Pay?
Even as it pushes Congress to raise the minimum wage to $10.10 per hour, the Obama administration is resisting calls to pay interns who serve in the White House. The White House declined multiple opportunities to comment on whether it would rethink its position on not compensating the roughly 300 interns who work there each … Continue reading
US – Yellen backs CBO’s minimum wage report
Federal Reserve Chairwoman Janet Yellen in Senate testimony subtly slapped the White House, which criticized a recent Congressional Budget Office report on the minimum wage, saying it didn’t represent a consensus among economists. The CBO report said raising the minimum wage would lift 900,000 people out of poverty, but would also lead to the elimination … Continue reading
White House Meets Business / To discuss better job training and discrimination against long-term unemployed
The White House released a list of 23 corporate or small business leaders joining with Obama and Vice President Joe Biden to discuss better job training to expand manufacturing capacity and help people who have been jobless for years re-enter the workforce. They include AT&T Inc., CVS Caremark Corp., JPMorgan Chase & Co. and The … Continue reading
President Obama 2014 State of the Union (Video) / Vice President Joe Biden would oversee a job-training-reform program
President Obama devoted a substantial portion of his 2014 State of the Union speech last night to explaining how he plans to improve the nation’s economy by connecting unemployed workers with skills-starved employers and strengthening the manufacturing sector. “That means more on-the-job training, and more apprenticeships that set a young worker on an upward trajectory … 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
Unemployment Insurance Extension in US / Transcripts: President Obama’s and House Speaker John Boehner Jan. 7 remarks
PRESIDENT OBAMA: … Five years ago this month, our economy was shedding 800,000 jobs, just in one month. But as Americans buckled down and worked hard and sacrificed, we began to come back. And our businesses have created more than 8 million new jobs since we hit the bottom. Our auto industry’s gone from bust … Continue reading
Unemployment Extension / White House will push when Congress comes back to work
“These are not the people who caused the financial crisis, they are the victims of the financial crisis,” the President said Continue reading
US / ‘One-stop shop’ to attract foreign investment to generate jobs
The US launched a fresh effort Thursday to attract investment by foreign manufacturers and other businesses as the government seeks to pull down stubbornly high unemployment. President Barack Obama was to address 1,200 foreign and US business leaders in Washington as the White House tries to further lower barriers to foreign investment. White House officials … Continue reading
US / Government shutdown costs 120,000 jobs in October says President’s chief economic adviser s
The partial government shutdown this month trimmed 0.25 percentage point from fourth-quarter economic growth and cost the U.S. 120,000 jobs in October, President Barack Obama’s chief economic adviser said. An analysis of daily and weekly economic data through Oct. 12 showed weakness in such areas as retail sales, economic confidence and mortgage applications, some of … Continue reading
From the fiscal cliff to sequestration / Cost about 900,000 jobs lost … and the potential for another recession
From the fiscal cliff to sequestration to the current shutdown debt ceiling debate: What\’s the cost of the U.S. government careening from crisis to crisis? About 900,000 jobs lost … and the potential for another recession. That’s the conclusion of a new report prepared by research firm Macroeconomic Advisers for the Peter G. Peterson Foundation. … Continue reading
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