Josh Zumbrun: Job Openings At 14-Year High As Hiring Returns To Pre-Recession Levels
For the first time since January 2001, the U.S. had more than five million job openings at the end of December, a sign of a labor environment shifting in favor of workers. December was also the best month for hiring since before the recession struck more than seven years ago. More than 5.1 million people were hired in December, the most since November 2007, according to the Labor Department‘s Job Openings and Labor Turnover Survey, known as JOLTS.
The report adds to signs that the labor market is strengthening considerably. The Labor Department’s main jobs report, released on February 6, showed that November, December and January comprised the best three-month stretch of hiring since 1997, raising hope that the U.S economy will start delivering stronger wage growth for a wider swath of Americans after more than five years of sluggish recovery from a deep recession.
President Barack Obama delivers remarks during a meeting of The President’s Export Council in the Eisenhower Executive Office Building in Washington, DC. Composed of Obama administration officials, elected leaders and executives from the private sector, the council is an advisory committee on international trade
President Barack Obama speaks during a meeting with the President’s Export Council. President Obama expressed caution on Thursday about the possibility of the United States adding more sanctions against Russia for its incursion into Ukraine because it could cause divide Washington and Europe. Also pictured are Boeing President and Chief Executive Jim McNerney and Xerox Chairman and Chief Executive Ursula Burns
President Barack Obama meets with the President’s Export Council. The Export Council advises the president on policies and programs that affect trade performance and promote export expansion. Back row, from left are Jeff Zients, Assistant to the President for Economic Policy and Director of the National Economic Council, Commerce Secretary Penny Pritzker, Boeing Chairman, President and CEO Jim McNerney
The President’s Export Council Chair and Boeing Chairman, President and CEO Jim McNerney listens to President Barack Obama
Business Insider: After all the speculation that Rick Perry’s threats against Fed Chairman Ben Bernanke would hurt his relationship with Wall Street, at least one banker is pledging his company’s support.
WGIR New Hampshire Radio’s Paul Westcott captures this clip of an unknown individual telling the Texas governor at a “Politics & Eggs” event in New Hampshire: “I’m from Bank of America and we’ll help you out.”
UPDATE: ZeroHedge identifies the Bank of America official as James Mahoney the Director of Public Policy for the bank. Mahoney is a member of the board of directors of The New England Council, one of the events sponsors.
It’s worth noting again that Perry threatened Fed Chairman Ben Bernanke, and said any attempt by the Fed to print more money would be “almost…treasonous.”
UPDATE 2: Mahoney is not registered as a lobbyist, and a BofA spokesman tells POLITICO he works on policy …. Spokesman Lawrence Di Rita: “Bank of America does not endorse Presidential candidates. The reference was about following up on the substance of the speech about job creation and economic growth. Discussing policy issues that affect our company and our customers is something we do with policymakers of both parties routinely at the local, state, and Federal levels.”
ZeroHedge: Should we be surprised, frightened, disgusted or simply say “we knew it” …. At least we know now who is funding what, and whose interests potential future president Perry will be paid to defend.
CNN: Former Treasury official Bruce Bartlett labeled newly-minted Republican presidential candidate Rick Perry “an idiot” Friday.
Bartlett, who served at Treasury under former President George H.W. Bush and as a domestic policy adviser to the late President Ronald Reagan, delivered the choice words to the Texas Gov. in reference to his recent comments about Federal Reserve Chairman Ben Bernanke.
…Team Perry did not immediately respond for a request for comment.
Steve Benen: ….a Memorial Day message sent out by Kevin DeWine, the chairman of the Ohio Republican Party. It starts off with a sentiment that’s easy to agree with … but DeWine couldn’t leave well enough alone.
“Here in Ohio, we must continue to defend liberty in a very different kind of struggle. Ohioans have the opportunity to preserve their rights when it comes to choosing their own health care. Democracy affords us the choice of accepting or fighting back to prevent against a $1 trillion government takeover of our nation’s health care system.
“You can download the Health Care Freedom Amendment petition by clicking here. As you go to events this weekend in honor of our Armed Forces and the sacrifices made by generations of courageous Americans, I hope you will consider taking the petition with you and circulating it to your friends and family.”
Seriously? Are we really to believe that American veterans who paid with their lives did so to protect insurance companies’ ability to screw over consumers?
DeWine’s message is obviously dishonest … but what’s tasteless about the message is the timing. It’s ostensibly a Memorial Day message, honoring the fallen during a time of war, but the subject line reads, “Help Stop Obamacare.” ….Even by GOP standards, this is cheap….