New applications for unemployment benefits dropped 7,000 to 222,000 in the second full week of February, the Department of Labor reported Thursday, the second-lowest mark of the recovery and a good sign for the economy. Forecasters had expected new jobless claims to remain steady at an ultra-low 230,000. Lower claims are good news because they […]
Private Payrolls Grow by 234k in January…
The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to a report Wednesday from ADP and Moody’s Analytics. Economists surveyed by Reuters had been looking for private payrolls to grow by 185,000. Job creation was concentrated largely in service-related industries, which contributed 212,000 to the […]
The Decline and Fall of General Electric, the Poster Child of Obamanomics…
Sometimes we look back a decade or so and reconsider our word choice. For instance, I used to call General Electric — with its heavy lobbying, its intimate ties to the White House, all its bets on green energy, on embryonic stem cells, on Obamacare, on industrial policy — the “for-profit arm of the Obama […]
U.S. Jobless Claims Plunge to Lowest Weekly Tally Since 1973…
U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Thursday. The drop in claims shows that companies are increasingly holding on to their employees amid a shortage of skilled labor. Businesses are struggling to find […]
Area 51 Flights? Top-Secret Government Airline Seeks Flight Attendant…
Are you a Las Vegas-based flight attendant looking for work and able to keep a secret(s)? Do you feel positively about working for an airline that sort of doesn’t exist? Happen to have a Top-Secret clearance with the U.S. government, or think you could snag one? If so, the perfect job just opened up. Janet, […]
The Real Future of Work…
In 2013, Diana Borland and 129 of her colleagues filed into an auditorium at the University of Pittsburgh Medical Center. Borland had worked there for the past 13 years as a medical transcriptionist, typing up doctors’ audio recordings into written reports. The hospital occasionally held meetings in the auditorium, so it seemed like any other […]
Unemployment Rate for Black Americans Hits Record Low…
The unemployment rate for black Americans hit a record low of 6.8 percent in December, which is the lowest level seen in the history of the data, CNN reported. “It marks a swift comeback for black workers, who suffered through extremely high unemployment during the Great Recession,” the article states. “Black unemployment peaked at 16.8 […]
Where the Jobs Were in December: Who’s Hiring… And Who Isn’t…
December was expected to be a weaker month than October and November, as a result of the double-whammy of the post-hurricane rebound ending and an adverse winter storm effect, but virtually nobody on Wall Street expected the 3-sigma outlier December payrolls report to be as poor as it was. So which sectors were responsible for […]
Amended Tax Cuts and Jobs Act Would Lift GDP by 1.7%, Wages by 1.5%, Add 339,000 Jobs to Economy…
The newly amended Tax Cuts and Jobs Act is projected to lift gross domestic product by 1.7 percent, boost wages by 1.5 percent, and add 339,000 full-time jobs to the economy, according to an analysis from the Tax Foundation. The final compromised legislation, which will be voted on later this week, includes some slight changes […]
Jobless Claims Fall to Lowest Level Since March 31, 1973…
The Labor Department said first-time jobless claims fell far more than expected for the week ending October 14, an indication of strong labor demand. The advance figure for seasonally adjusted initial claims was 222,000, a decrease of 22,000 from the previous week’s revised level and much lower than the 240,000 forecast. The four-week moving average […]
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