Posts Tagged ‘unemployment

12
Aug
14

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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24
Jul
14

Rise and Shine

On This Day: Senator Barack Obama leaves the stage after making a speech in front of the Victory Column in Berlin on July 24, 2008

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Today

9:50 PDT: The President attends a DNC fundraiser, private residence, Los Angeles

1:25 PDT: Delivers remarks, Los Angeles Trade-Technical College

3:05 PDT: Departs Los Angeles

5:0 EDT The President’s interview with CNBC’s Steve Liesman is aired

10:50 EDT: Arrives White House

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@petesouza: Pres Obama disembarks from AF1 in LA

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LA Times: In Los Angeles, Obama Gives His Die-Hard Supporters A Tough-Love Talk

President Obama delivered a tough-love talk to his biggest boosters  Wednesday, telling Democratic donors gathered in Los Angeles that they need to step it up before November if he’s going to get much done in his last two years in office. “You thought, ‘OK, we elect Barack and that’s it,’” Obama told a crowd big-dollar donors gathered in the lush Hancock Park backyard of TV producer Shonda Rhimes. He reminded them that he’d warned that it wasn’t about electing him but about getting “our democracy to work.” “I have got to have a Congress that has some sense and is willing to work and is willing to compromise and is focused on the American people. And we don’t have that right now.” Obama is often candid about what he describes as Democrats’ chronic problem: low turnout in midterm elections. But his remarks Wednesday came with a sharper ribbing for a crowd he seemed to think could take it.

Democrats like the fun of a presidential campaign, Obama said. But “we’ve got to step it up in the midterms. Not when it’s easy, not when it’s sexy, not when there’s hope posters….” While Democrats “don’t even know there’s an election,” Obama said, Republicans get to the polls. “Lo and behold we’re surprised when John Boehner is speaker of the House! What happened to Nancy Pelosi? What happened is y’all didn’t vote. And that’s when all kinds of … stuff happened,” Obama said, pausing as if deliberating on whether to keep the rant clean. “That’s what it was — stuff.”

More here

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Marketwatch: Jobless Claims Lowest In More Than Eight Years

The number of unemployed workers applying for jobless benefits tumbled in the most recent weekly data to the lowest level in more than eight years, signaling that employers are letting go of very few workers.

Applicants for regular state unemployment-insurance benefits in the week that ended July 19 dropped by 19,000 to 284,000 — the lowest level since February 2006, the U.S. Labor Department reported Thursday. Economists surveyed by MarketWatch had expected initial claims of 310,000 in the most recent weekly data.

More here

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Steve Benen: Jobless Claims Improve To Eight-Year Low

The last time the Labor Department published a report on initial unemployment claims this good, the Great Recession hadn’t even started yet:

The number of people who applied for regular state unemployment-insurance benefits in the week that ended July 19 tumbled by 19,000 to 284,000 – the lowest level since February 2006 – signaling that companies have further slowed down the pace of layoffs and are letting go of few workers, according to government data released Thursday….

Regular readers know I run the above chart every Thursday morning, highlighting initial unemployment claims since January 2007, the year the Great Recession started. Look closely, however, and you’ll notice that today’s report is the best since before the chart began.

More here

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Chicago Tribune: U.S. Health Insurers To Pay $330 Million In Premium Rebates

U.S. health insurers will send out about $330 million in rebates to employers and individuals this summer under President Barack Obama’s healthcare law, the U.S. Department of Health and Human Services said on Thursday.

The law, often called Obamacare, requires insurance companies to refund customers when they spend less than 80 percent or 85 percent of healthcare premiums they collect for medical care.

The rebates will go to about 6.8 million people and have a value of about $80 per family. They are to be sent by Aug. 1 either directly to consumers or to the employer providing the health coverage, who is required to pass the savings onto employees, the agency said in a report.

More here

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Pro Publica: Even After Open Enrollment, Activity Remains Unexpectedly High On Federal Health Insurance Exchange

New federal data, obtained by ProPublica under the Freedom of Information Act, shows nearly 1 million insurance transactions since mid-April.

For months, journalists and politicians fixated on the number of people signing up for health insurance through the federal exchange created as part of the Affordable Care Act. It turned out that more than 5 million people signed up using Healthcare.gov by April 19, the end of the open-enrollment period.

But perhaps more surprising is that, according to federal data released Wednesday to ProPublica, there have been nearly 1 million transactions on the exchange since then. People are allowed to sign up and switch plans after certain life events, such as job changes, moves, the birth of a baby, marriages and divorces.

The volume of these transactions was a jolt even for those who have watched the rollout of the ACA most closely.

More here

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CNN: CNN Poll: Is Obamacare Working?

More than half the public says Obamacare has helped either their families or others across the country, although less than one in five Americans say they have personally benefited from the health care law, according to a new national poll. A CNN/ORC International survey also indicates that a majority of Americans oppose the Affordable Care Act, but that some of that opposition is from people who don’t think the measure goes far enough.

The poll, conducted this past weekend, was released on Wednesday, one day after a federal appeals court upheld Obamacare tax subsidies. That ruling came just a couple of hours after a separate appeals court struck down such subsidies for the millions of Americans enrolled in the federal government’s HealthCare.gov exchange. 53% say that Obamacare has helped either their families or others across the country.

More here

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ThinkProgress: Demonizing Migrant Children Proves An Epic Fail For Anti-Immigrant Groups

Anti-Immigrants can’t even throw a good rally anymore.

Anti-immigrant groups have hit upon the issue of children fleeing violence who are arriving unaccompanied by adults at our southern border. These children are coming from three countries: El Salvador, Honduras and Guatemala. All three countries have very serious problems with gang violence, murder and child trafficking into prostitution. Under current US federal law these children have the right to have their cases thoroughly evaluated to ensure that no child is returned to a country where they might be killed, injured or trafficked.

… To make their case that Americans are really upset about an increase in unaccompanied children at the border, anti-immigrant groups staged what was supposed to have been a massive number of protests around the country. They staged a “National Day of Protesting Against Immigration Reform, Amnesty & Border Surge”….

…. Despite this all in effort, the anti-immigrants failed miserably to turn people out to protest children. If these rallies around the country were meant to demonstrate the power of the anti-immigrant movement, they may instead signal its end. In many cases, no one showed up at all.

More here

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Brian Beutler: The Conservative Judges Who Ruled Against Obamacare Missed This One Very Important Detail

We now know that two conservative judges on the D.C. Circuit Court of Appeals have declared it illegal for the government to subsidize Obamacare health plans in states that didn’t set up their own insurance exchanges. In reaching that conclusion, Judge Thomas Griffith, who authored the opinion of the court, sought to rebut each of the Obama administration’s arguments to the contrarythat the law clearly contemplates subsidizing health plans in every state whether or not a state built its own marketplace. But in one instance he based his counterargument on information that became outdated less than one week ago.

And the recent development turns that counterargument on its head. One of the White House’s most straightforward arguments is that neither Congress nor the administration would have approved a punitive system so at odds with the ACA’s ultimate, stated goal of achieving near-universal insurance coverage. The law seeks to achieve near-universal coverage by mandating the purchase of guaranteed, subsidized (and thus affordable) health plans. Take away the subsidies, and the plans are no longer affordable. If the plans aren’t affordable, they’re no longer compulsory. And if they aren’t compulsory and affordable the coverage expansion goal will be unattainable.

More here

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On This Day

Senator Obama waves to the crowd after making a speech in front of the Victory Column in Berlin, July 24, 2008

Sen. Obama waves from his car on July 24, 2008 in Berlin, Germany

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President Obama shares a lighter moment with Vice President Biden in the Oval Office on July 24, 2009 (Photo by Pete Souza)

President Obama meets with leaders from the disability community in the Roosevelt Room of the White House on July 24, 2009 (Photo by Pete Souza)

President Obama shakes the hand of a young military family member at the Marine Barracks evening parade in Washington, D.C. on July 24, 2009 (Photo by Samantha Appleton)

President Obama and First Lady Michelle Obama attend the U.S. Marine Barracks evening parade in Washington, D.C. on July 24, 2009 (All photos by Samantha Appleton)

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First Lady Michelle Obama bids farewell to departing staff Eirene Busa, White House Stenographer, center left, and Holli Crawford, White House Communications Agency, center right, aboard Bright Star during a flight from Manchester, N.H., to Joint Base Andrews, Md., July 24, 2011 (Photo by Samantha Appleton)

President Obama and Vice President Biden walk around the South Lawn of the White House, Sunday, July 24, 2011 (Photo by Pete Souza)

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President Obama greets patrons and restaurant staff during a local stop at the Gateway Breakfast House in Portland, Ore., July 24, 2012 (Photo by Pete Souza)

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President Obama presents Sen. Claire McCaskill, D-Mo., with a birthday cupcake aboard Air Force One, July 24, 2013 (Photo by Pete Souza)

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03
Jul
14

A Tweet or Two

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03
Jul
14

Rise and Shine

On This Day: Residents greet President Barack Obama and First Lady Michelle Obama upon their arrival at Fort McNair in Washington, D.C., July 3, 2010 (Photo by Chuck Kennedy)

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Today

The President has no public events scheduled for today

12:30 EDT: Josh Earnest briefs the press

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Steve Benen: An emphatic answer to the ‘Where are the jobs?’ question

…. The new report from Bureau of Labor Statistics shows the U.S. economy added 288,000 jobs in June, well ahead of forecasts. The overall unemployment rate, meanwhile, dripped to 6.1% – its lowest point since September 2008, nearly six years ago.

…. April’s totals were revised up from 282,000 to 304,000, while May’s figures were also revised up, from 217,000 to 224,000.

Overall, the report suggests the jobs landscape is clearly improving, which is no doubt proof that American employers are in on the conspiracy to distract Americans from Benghazi.

…. June was the 52nd consecutive month in which we’ve seen private-sector job growth – the longest on record.

At this point, with the year about half over, 2014 is currently on track to be the best year for U.S. job creation since 1999.

Full post here

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Business Insider: US Jobs Report Demolishes Expectations, Unemployment Rate Plunges to 6.1%

Job creation in June was much stronger than expected as signs grow that the U.S. economy is accelerating.

The U.S. added 288,000 jobs in June, blowing away expectations for an addition of 215,000 in nonfarm payrolls. The unemployment rate also fell to 6.1%, the lowest reading since September 2008. Expectations were for the unemployment rate to remain unchanged at 6.3%.

Last month’s jobs report was also revised, with non-farm payrolls growing by 224,000 in May, better than the previously reported 217,000.

The report also showed April non-farm payrolls were revised up to 304,000 from 282,000.

More here

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 A Word from Donna (@NoShock)

I‘m going to speak to this just from a personal perspective. I’ve watched many Presidents in my day. I didn’t just become interested in politics when PBO came along. I volunteered for Clinton, Gore, John Kerry and then President Obama. I sort of watched Bush because my kids were over there fighting in that gawd awful war so I was tuned into cable and read the Washington Post religiously during his Presidency.

Times have changed so much with the progression of technology and the internet I have to say that of course President Obama’s Presidency is the most visible. White House dot org was a nothing site before this administration. Being able to follow PBO daily gives me an insight into his Presidency that was never available to me before.

I can tell you that Bush did very few events and when he did venture out it was to some military facility so that he could attempt to flex his C-I-C creds. It was always just a big photo op. His speeches were boring and you could only stand to listen to him speak for a minute or two before you felt violently ill. (no kidding) He was not well liked abroad because our standing in the World was piss-poor thanks to his Iraq War. Surprisingly Africa is the only country that I can remember that welcomed him warmly. Mainly because his funding for Aids in Africa is probably the only decent thing he did in his 8 years as President.

Clinton was visible and you would see on the evening news that he had traveled abroad or ventured out into DC. He remained relatively popular and was fortunate that the economy was doing quite well during his Presidency so even though he was mired in scandal from the day he stepped foot into the WH his approval stayed quite high. The country didn’t become quite so partisan until the Lewinsky scandal took place and you could feel the shift taking place after his impeachment.

IMO the Presidency was always been given the benefit of the doubt by the MSM. Papa Bush got it until he raised taxes on them. Clinton got it until the blue dress showed up. Bush got it until investigations outside of the media discovered that there were no weapons of mass destruction. President Obama got no honeymoon when he became President. CNN did a report card show on his first 50 days in office. Those bogus, staged town halls on Obamacare were no longer just being talked about on cable. Suddenly we were seeing this crap on the evening news and it was being reported as if it was real outrage by every person in the country. PBO kept right on doing his job. He worked tirelessly and never gave up on ACA and we got that bill through Congress and it is now law and millions of people have health care because regardless of what impact it had on him politically he was determined to see it through. Another testament to the character of this man.

The Republicans along with their enablers our MSM have used every trick in the book to bring him down but he just keeps doing his job. He travels the country from end to end talking to America. Practically every day there is some event at the WH, social media, unconventional media or somewhere in the country that he is involved with. He honors our military constantly and salutes our sports heroes almost weekly. He’s brilliant, handsome, affable, congenial, a great dad and husband and the hippest guy we have ever had grace the halls of the West Wing.

This angers the Right and the media because he doesn’t care what they think of him. He was hired by us to do a job and he is determined to do just that. There has never been a President who has worked as hard for all of America. Half will never appreciate that but it’s okay he’s still there President too. And when the tornadoes and hurricanes sweep through their towns and cities he’ll go and give them assurance that he’ll be there to see them through and help to restore sanity to their life’s.

No poll will ever capture what he does each and everyday for this country. Skewered or weighted it doesn’t matter. The appreciation of our Nation is for the history books. The job of his supporters, those of us who know better, is to make sure that those who aren’t paying attention never forget!

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A Word from EricFive

Silly Season is officially in full swing. Let’s see, Boner initiates bogus lawsuit against PBO which serves to energize Dems, increasing fundraising and inspiring intelligent and impassioned mocking via the “SoSueMe#”.

Then the Supreme Court issues a partisan anti-woman decision which served to energize and enrage Dems and make the GOP look like a party out of its time (and mind, next stop, theocracy).

So what narrative is the MSM/GOP pushing?

PBO is the worst president ever according to a biased and bogus “poll”.

Chuck Todd cheerily trumpets this bullshit (its the perfect companion to his “PBO’s presidency is over” nonsense from last week, which was “based” on skewed reading of a single poll question in a single poll).

The MSM/GOP are feeling the heat, so they create anti-PBO headlines through manipulation (and often misinterpretation) of polls. Propaganda 101. The MSM/GOP are attempting to recreate the mood of 2010, but reality keeps interfering with their objective, so they are relying more and more on strategically timed polls to halt any momentum of the Dems.

Trumpeting skewed polls and ignoring or burying news that can be viewed as positive for Dems (or the country) is the current tactic. Unfortunately for the GOP/MSM, this is not 2010.

Dems seem more unified and are more angry at the GOP than they are with their own party.

PBO is leading the party through both words and deeds.

He has no fear of the GOP and is speaking truth.

So is Harry Reid, who has really found his voice recently.

In short, don’t fall for the propaganda which is designed to depress Dems. The over the top nature of their propagandizing tells me they are desperate, subtlety is out the window as they see their influence in dictating perceptions waning.

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Am I The Only One Who Still Only Sees A Parrot?

Kasai? You’ve ruined my week.

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On This Day

President Obama and First Lady Michelle Obama greet local residences as they arrive at Fort McNair from Camp David and proceed to the motorcade in Washington on July 3, 2010

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President Obama meets with Speaker of the House John Boehner on the patio near the Oval Office, Sunday, July 3, 2011 (Photo by Pete Souza)

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President Obama, First Lady Michelle Obama and their daughters Sasha and Malia return to Andrews Air Force Base after their visit to Africa, July 3 2013

President Obama meets with members of his national security team to discuss the situation in Egypt, in the Situation Room of the White House, July 3, 2013 (Photo by Pete Souza)

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MoooOOOooorning everyone! Will catch up with more news later, thank you to Donna and Eric for their wonderful comments.

06
Jun
14

Rise and Shine

A World War Two veteran greets President Barack Obama as they participate in the 70th French-American commemoration D-Day ceremony at the Normandy American Cemetery and Memorial in Colleville-sur-Mer, France on Friday, June 6, 2014

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Continuing live streaming from France

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President Obama travels from Normandy to Paris this afternoon where he will meet with embassy staff and family members. He then returns to Washington – he is scheduled to arrive at 8:45 PM ET.

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The President’s address this morning

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An Image or Two from France

@Stcrow: AWKWARD FAMILY PHOTO – President Obama, Queen Elizabeth, Petro Poroshenko, President-Elect of Ukraine (left) and Putin on right

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President Obama and Russian President Putin pose during a group photo for the 70th anniversary of the D-Day landings in Benouville June 6, 2014. Between Obama and Putin are (L-R) Britian’s Queen Elizabeth, French President Francois Hollande and Danish Queen Margrethe II

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Greeting Veterans

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President Obama with Prince Charles at Sword Beach this morning

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President of France Francois Hollande speaks while flanked by President Barack Obama, Britain’s Queen Elizabeth II, Denmark’s Queen Margrethe and Russian President Vladimir Putin during a luncheon for Heads of State at Chateau de Benouville in Benouville

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And Today’s BIG News:

Steve Benen: Job creation remains steady, 217k jobs added in May

Once in a while, the expectations for the new jobs report and the actual data line up remarkably well.

The new report from Bureau of Labor Statistics shows the U.S. economy added 217,000 jobs in May, which is almost exactly what economists expected. The overall unemployment rate, meanwhile, remained at 6.3% – still at its lowest point since September 2008, nearly six years ago.

… All told, over the last 12 months, the U.S. economy has added over 2.38 million jobs overall and 2.36 million in the private sector. What’s more, May was the 51st consecutive month in which we’ve seen private-sector job growth. The year isn’t quite half over, but 2014 is currently on track to be the best year for U.S. job creation since 1999.

More here

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On This Day

President Obama and First Lady Michelle Obama walk towards Marine One as they leave Normandy for Paris on June 6, 2009. Seeing them off are National Security Advisor James Jones, Chief of Staff Rahm Emanuel, and Senior Advisors Valerie Jarrett and David Axelrod (Photo by Pete Souza)

President Barack Obama greets the staff of the U.S. Embassy at the U.S. ambassador’s residence in Paris, France on June 6, 2009 (Photo by Pete Souza)

President Obama lifts a baby while meeting the staff of the U.S. Embassy at the U.S. ambassador’s residence in Paris, France, June 6, 2009 (Photo by Pete Souza)

President Obama tours the Centre Pompidou modern art museum in Paris, June 6, 2009 (Photo by Pete Souza)

President Obama shakes hands with French President Nicolas Sarkozy during a bilateral meeting in Caen, France, June 6, 2009 (Photo by Pete Souza)

 

June 6, 2009 – Pete Souza” “After his speech in Normandy, a crush of people tried to get close to the President to shake his hand. I noticed this guy waiting patiently and then literally being pushed back into the crowd. I felt bad for him, and mentioned the incident to the President’s trip director, Marvin Nicholson. Marvin pulled the guy out of the crowd, found him a wheel chair, and brought him over to meet the President. He was a French veteran. The man’s face shows his emotion.”

President Obama gives a ‘thumbs-up’ to a group of World War II veterans sitting behind him on stage following his speech at the 65th anniversary of the D-Day invasion in Normandy, France, June 6, 2009 (Photo by Pete Souza)

American D-Day veteran Clyde Combs gets a hug from President Obama at the Normandy American Cemetery on June 6, 2009 in Colleville-sur-Mer, France

President Obama embraces his great uncle Charles Payne following the President’s speech at the 65th anniversary of the D-Day invasion in Normandy, France, June 6, 2009 (Photo by Pete Souza)

President Obama greets his great uncle Charles Payne and his wife Melanie, who is reacting to seeing First Lady Michelle Obama, before the ceremony at the Normandy American Cemetery in Colleville-sur-Mer, France, on the 65th anniversary of the D-Day landings, June 6, 2009 (Photo by Pete Souza)

President Obama and First Lady Michelle Obama former Senator Max Cleland of Georgia before the ceremony at the Normandy American Cemetery in Colleville-sur-Mer, France, on the 65th anniversary of the D-Day landings, June 6, 2009 (Photo by Pete Souza)

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President Obama adjusts Dick Van Dyke’s tie during the Ford’s Theatre reception in the Diplomatic Reception Room of the White House, Sunday, June 6, 2010 (Photo by Pete Souza)

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President Obama talks on the phone with Prime Minister Mario Monti of Italy aboard Air Force One, June 6, 2012 (Photo by Pete Souza)

President Obama walks across the tarmac at Los Angeles International Airport in Los Angeles, Calif., June 6, 2012 (Photo by Pete Souza)

Trip Director Marvin Nicholson watches as President Obama signs items after delivering remarks at the LGBT Leadership Council Gala in Beverly Hills, Calif., June 6, 2012 (Photo by Pete Souza)

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President Obama views a math project during a tour of Mooresville Middle School in Moorseville, N.C., Thursday, June 6, 2013

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