Posts Tagged ‘unemployment


You Don’t Know What You’ve Got Until It’s Gone

Obama Facts



Rise and Shine

On This Day: President Barack Obama, Vice President Joe Biden and Claire Duncan, daughter of Education Secretary Arne Duncan, watch a tennis match at Camp David, Md., Oct. 3, 2010. The President hosted cabinet members and their families for a Sunday gathering at the retreat (Photo by Pete Souza)


Today (all times Eastern)

12:05: The President departs the White House

1:0: The First Lady appears on ABC’s ‘The Chew

2:0: The President arrives in Indiana

2:50: Tours Millennium Steel Service; Princeton, Indiana

3:05: Has a conversation with workers, Millennium Steel Service

5:25: Departs Indiana

7:15: Arrives White House

** The First Lady campaigns for Gov Martha Coakley in Boston and Gubernatorial Candidate Mike Michaud in Bangor today **



New White House photos (and captions) here


On This Day

Senator Barack Obama walks from his plane on October 3, 2008 after arriving in Philadelphia on his way to a rally in Abington, Pennsylvania

 A woman is overcome with emotion after meeting Senator Obama at a rally on October 3, 2008 in Abington, Pennsylvania

 Senator Barack Obama is photographed October 3, 2008 at the airport in Philadelphia before flying to Chicago


President Obama congratulates Google Science Fair winners, from left, Naomi Shah, Shree Bose, and Lauren Hodge in the Oval Office, Oct. 3, 2011 (Photo by Pete Souza)


First Lady Michelle Obama in Reno, October 3, 2012

First Lady Michelle Obama sits with White House Senior Advisor Valerie Jarrett before the Presidential Debate at the University of Denver on October 3, 2012




Want A Growing Economy? Elect A Democrat


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Josh Boak: U.S. Job Openings In June Hit 13-Year-Plus High

U.S. employers in June advertised the most monthly job openings in more than 13 years. Employers posted 4.67 million jobs in June, up 2.1 percent from May’s total of 4.58 million, the Labor Department reported Tuesday. The number of advertised openings was the highest since February 2001, a positive sign that points to a strengthening economy. The report “provides further confirmation that the U.S. labor market has indeed shifted to a period of stronger growth,”

said Jeremy Schwartz, an analyst at the bank Credit Suisse. Known as the Job Openings and Labor Turnover survey or JOLTS, the report provides a detailed look at where employment might be heading. the pressure on employers to offer more generous wages could be increasing. On average, there are 2 unemployed workers for every job opening. That’s down from an average of 2.6 unemployed people per opening at the start of the year. As that ratio continues to fall, employers will likely have to boost salaries.

More here

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Lucia Mutikani: Fresh Data Shows U.S. Jobs Market Tightening

The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth. Job openings, a measure of labor demand, increased to a seasonally adjusted 4.67 million in June, the highest level since February 2001. At the same time, hiring reached its highest point since February 2008. Job growth has topped 200,000 in each of the past six months, a stretch last seen in 1997.

The unemployment rate has declined to 6.2 percent from 6.7 percent at the end of 2013. Troy Davig, the head of research at the Kansas City Federal Reserve Bank, told Reuters on Monday that rising job openings suggested earnings growth was poised to move higher. “Faster wage growth certainly seems in the pipeline,” he said. “The labor market appears to be hitting a turning point.”

More here

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