Showing posts with label voter. Show all posts
Showing posts with label voter. Show all posts
Friday, December 4, 2015
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9:10 AM
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Barack Obama,
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| The final year begins in January. |
The final jobs report for the year comes out and it seems like President Barack Obama is smiling all the way. The unemployment rate remains unchanged but it did net over 211,000 jobs.
U.S. job growth increased solidly in November in a show of the economy's resilience, which most likely paves the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade.
Nonfarm payrolls increased 211,000 last month, the Labor Department said on Friday. September and October data was revised to show 35,000 more jobs than previously reported.
The unemployment rate held at a 7-1/2-year low of 5 percent, even as people returned to the labor force in a sign of confidence in the jobs market. The jobless rate is in a range many Fed officials see as consistent with full employment and has dropped seven-tenths of a percentage point this year.
Federal Reserve chief Janet Yellen may raise the federal interest rate. She believe the government is healthy enough for the interest rate to increase to at least 4%.
Yellen said the economy needs to create just under 100,000 jobs a month to keep up with growth in the working age population.
The Fed's policy-setting committee will meet on Dec. 15-16. Market-based measures of Fed policy expectations assign a probability of 79.1 percent to the central bank's raising interest rates at that meeting, according to the CME Group’s FedWatch site.
The dollar extended gains against a basket of currencies, while prices for U.S. government bonds fell. U.S. stock futures extended gains.
The second month of strong job gains should allay fears the economy has hit a soft patch, after reports showing tepid consumer spending in October and a slowdown in services industry growth in November. Manufacturing contracted in November for the first time in three years.
Though wage growth slowed last month, economists say that was mostly payback for October's outsized gains, which were driven by a calendar quirk. Anecdotal evidence, as well as data on labor-related costs, suggest that tightening job market conditions are starting to put upward pressure on wages.
Average hourly earnings increased four cents, or 0.2 percent from 0.4 percent in October. That lowered the year-on-year reading to 2.3 percent from 2.5 percent in October. The average workweek, however, dipped to 34.5 hours from 34.6.
Other labor market measures that Fed officials are eyeing as they consider lifting the benchmark overnight interest rate from near zero were mixed.
The labor force participation rate, or the share of working-age Americans who are employed or at least looking for a job, rose to 62.5 percent from a near 38-year low of 62.4 percent.
But a broad measure of joblessness that includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment rose one-tenth of a percentage point to 9.9 percent.
Employment gains in November were broad-based, though manufacturing shed 1,000 positions and mining lost 11,000 jobs.
Manufacturing has been crippled by a strong dollar, efforts by businesses to reduce bloated inventory and spending cuts by energy companies scaling back well drilling and exploration in response to sharply lower oil prices.
| House Speaker Paul Ryan's (R-WI) first months as House Speaker have been so far "fair" to say at least. |
Oilfield services provider Schlumberger (SLB.N) this week announced another round of job cuts in addition to 20,000 layoffs already reported this year. The company said it expected the slowdown in drilling activity to continue in 2016.
Construction payrolls increased 46,000 last month. With 163,000 jobs added, the services sector accounted for the bulk of the increase in employment last month. Retail jobs rose 30,700 and transportation and warehousing employment rebounded after two straight months of declines.
Professional services added 27,000 jobs and government payrolls increased 14,000 last month.
Of course, the conservative agitators will not accept this good news. They keep repeating the debunked talking points that over 94.6 million people are unemployed.
And I will continue to tell you that 1/3 of the U.S. population is either in the iron college, attending high school or college, disabled, retired or dead.
Republicans have not passed any legislation to create jobs. They've shown the world that they're incapable of governing. They won power to just showboat their ignorant agenda.
Newsflash: We have mass shootings in the United States. People are dying because of gun violence everyday. Over 245,000 people have been killed by firearms. We have a large generation of retiring people. We are going through a baby boom. We are having more people quit their jobs in search of better jobs. We have people in college, high school, and vocational school. We have people on disability.
Friday, November 6, 2015
Posted by
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9:12 AM
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Bernie Sanders,
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| Rep. Paul Ryan (R-WI) in 2010 meets with President Barack Obama. |
Well it seems like the ney sayers will have an opportunity to debate the October jobs numbers.
It seems like House Speaker Paul Ryan (R-WI) and Majority Leader Mitch McConnell (R-KY) will have to find some reason to attack the president for 95 million people not working.
Conservatives are fucking stupid. They seem to be fixated on this notion that 95 million people not working. If 95 million people aren't working, then 1/3 of the nation isn't working.
So that means over a third of 320 million Americans are determined to be lazy gubmint leeches right?
Nevermind the incarcerated, the disabled, the retired, the underage, those attending college and the dead. Nevermind those who felt confident to quit their jobs. Nevermind those who were laid off, fired, or temporarily hired for a selective period.
To spread a misleading statement as fact is the reason to why Ben Carson and Donald Trump in the lead. That helped Sen. Ted Cruz (R-TX) and Sen. Marco Rubio (R-FL) gain momentum.
Anyway, the unemployment drops to 5 percent after it was revealed 271,000 jobs were recorded for the month of October.
This strong jobs report may push Janet Yellen, the Federal Reverse chief to push the interest rate up.
Employment gains in October were broad-based, though manufacturing added no jobs and mining shed 4,000 positions.
Manufacturing has been hit by a strong dollar, efforts by businesses to reduce bloated inventory and spending cuts by energy companies cutting back on well drilling and exploration in response to lower oil prices.
Mining employment has declined by 109,000 since peaking in December 2014. Oilfield services provider Schlumberger last month announced further layoffs in addition to the 20,000 jobs it has already eliminated.
Construction payrolls, however, increased 31,000 last month, the biggest gain since February.
The services sector added 241,000 jobs last month, with large gains in retail, health and leisure. Government payrolls increased 3,000 last month.
It seems like the president and Secretary of State John Kerry will also reject the building of the controversial Keystone XL pipeline. TransCanada put a lot of influence in the Congress. They were bidding for lawmakers to support the measure. Many Republicans claim the pipeline will create 30,000 jobs. Many Democrats said that tar sand oil could be dangerous to the environment.
Republican passed a bill supporting the pipeline. The president swiftly vetoed the bill and it died.
The pipeline would cut through a lot of properties. A lot of people have to lose land due to government seizure of land.
What could happen if there's an earthquake and the pipeline is ruptured?
Once the pipeline is completed, how many jobs will it take to work on the pipeline?
The Justin Trudeau effect helped a lot.
Trudeau who won the Canadian national elections to become the next prime minister. He opposes the Keystone XL pipeline.
Thursday, July 2, 2015
Posted by
Unknown
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1:18 PM
Labels:
Barack Obama,
Harry Reid,
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John Boehner,
Lindsey Graham,
Mitch McConnell,
Nancy Pelosi,
Sean Hannity,
Ted Cruz,
unemployment,
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| President and First Lady Obama greet Girl Scouts outside the White House. The best two weeks for the president. Affordable Care Act is here to stay, marriage is equal, and the jobs market is improving. Also the White House now allows photos. Great day for Barack Obama. |
The good news is that 225,000 jobs were reported for the month of June. The unemployment rate has dropped to 5.3%. Thus sealing a set of two good weeks for a president most in the media written off as a lame duck.
President Barack Obama's policies have improved the economy.
His executive order also gives salaried workers who make less than $50,000 a pay raise. It's a temporary fix until the lame Congress officially pass a worker's pay bill which includes an adjustment to the minimum wage.
The AP reports the Labor Department said Thursday that the unemployment rate dropped from 5.5 percent in May. The rate fell mostly because many people out of work gave up on their job searches and were no longer counted as unemployed.
Other details in the report were less encouraging: The percentage of Americans working or looking for work fell to a 38-year low. Average hourly pay was flat. And employers added 60,000 fewer jobs in April and May than the government had previously estimated.
For the first five months of 2015, monthly job growth averaged 217,000, a healthy streak that has been steadily absorbing the unemployed as well as part-time workers looking for more hours.
That job growth has raised economists' expectations that the Fed will soon boost the key short-term rate it controls in September or, if not, in December. The Fed has kept that rate at a record low near zero for 6½ years to support the economy. A Fed rate hike would lead to higher rates for mortgages, auto loans and other borrowing.
Strong hiring has endured this year despite a miserable winter, which helped cause the economy to contract 0.2 percent at an annual rate in the January-March quarter.
| Politifact rated Stallmigo Ted Cruz (R-TX) statements on unemployment false. He took that talking points from an annoying conservative agitator and used it for his attacks. |
A survey of purchasing executives at manufacturing firms released this week found that factories reported a scant rise in orders in June but ramped up hiring anyway.
Americans are finally spending more after boosting their savings earlier this year, in part because they're growing more confident about the economy. The Conference Board said Tuesday that its consumer confidence index reached 101.4, matching March's figure for the second-highest level since the recession.
That's good news for auto dealers and real estate agents. Auto sales jumped to nearly a 10-year high in May. The National Automobile Dealers Association forecasts that sales will top 17 million this year for the first time since 2001.
And home sales are running at an eight-year high and boosting construction. Permits to build homes jumped 11.8 percent in May to the highest level since 2007.
| Good news pisses this old fart off. |
The workforce rate dropped to 62.5%. The lowest since 1977. That means a slight improvement from normal figures.
The jobs report for the month of June comes roaring like a lion and the conservative agitators are still devoted to making the ridiculous claim that 93 million people not being in the workforce. Of course, they don't explain to their stupid followers that it's based on statistics not policies.
The biggest nay sayer in the junk food media is an old fart. That old fart is Rush Limbaugh.
Jobs are being loss. Yeah, because the radio stations keep you and that annoying conservative agitator Sean Hannity on the radio. You squeeze out the local agitators. For you see, if you see an old fart like Rush Limbaugh dominate 573 radio stations across the country, he already destroyed 80 jobs.
It already cost a lot to put this piece of shit on radio. He's not profitable. When they kick him off the radio station, that puts people out of jobs. Matter of fact, the progressive radio stations have to sell their stations to accommodate to you. So that means you put agitators like Thom Hartmann, Stephanie Miller, Bill Press and Alan Colmes on the street. They don't have the 500 stations. They barely have 50 affiliates.
In reality, if you have a bunch of people not in the workforce, I am guessing that some are not looking for service jobs. Many careers for a post graduate are not hiring. Construction is up. I mean when it rains or when the working season is over, construction is halted.
Out of 320 million people, there's over 56 million people who are leaving the job force through retirement. At least 100,000 people die in the United States a day. The baby boomers are retiring at a faster rate. There are 38 million people who are between the age of 16 - 25 either in high school or attending college. There are active college student that don't work.
So lumping in everything would make sense if you count the dead bodies, force the retired back to work, tell the disabled to get to work and tell children under 16 to pick up a job application.
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