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Tag: Jobs
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Private-Sector Job Openings Are Up, but Not Thanks to the Government

Posted: September 8, 2016 at 1:26 pm   /   Friends

The Bureau of Labor Statistics released data this week showing that the ratio of unemployed persons per job opening remains at the lowest it has been since April of 2001, at 1.3. The number of total private sector job openings now stands at 5,358,000–an all-time high since the statistic was first tracked in 2000. Is […]

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The August Jobs Report Was So-So. That’s Bad News.

Posted: September 2, 2016 at 10:16 am   /   Friends

The Bureau of Labor Statistics’ August employment report showed little change in the labor market. Employers added a net 151,000 jobs. That rate of job growth essentially keeps up with population growth. Unsurprisingly, then, the unemployment rate remained unchanged at 4.9 percent. The labor force participation rate (62.8 percent) and employment-to-population ratio (59.7 percent) also […]

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3 Ways Obama’s New Overtime Rule Will Hurt Employees

Posted: August 26, 2016 at 10:37 am   /   Friends

In an alleged attempt to increase the income of certain salaried employees, the Obama administration issued a new overtime rule, set to take effect Dec. 1., that will almost certainly do more harm than good for the employees it seeks to help. Currently, employers only have to pay the overtime time-and-a-half rate to salaried employees […]

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Companies Are Raising Wages Without a Government Mandate

Posted: August 25, 2016 at 3:49 pm   /   Friends

According to recent reports, companies are giving wide swaths of their workforces raises without the government dictating it. Some of the companies that have done this in recent weeks include McDonald’s, Wal-Mart, Gap Inc., JPMorgan Chase & Co., and Starbucks. Starbucks announced its workers would get at least a 5 percent raise this year. JPMorgan Chase […]

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The Real Story About Free Trade and Manufacturing

Posted: August 19, 2016 at 8:22 am   /   Friends

International trade figures heavily in the presidential race. Presidential candidate Donald Trump said, “Hillary Clinton unleashed a trade war against the American worker when she supported one terrible trade deal after another—from NAFTA to China to South Korea.” And adding, “A Trump administration will end that war by getting a fair deal for the American […]

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Encouraging News in July Jobs Report

Posted: August 5, 2016 at 12:51 pm   /   Friends

The Bureau of Labor Statistics’ July jobs report contained little bad news. The bureau found that employers created a net 255,000 new jobs since June. Strong growth in the professional and business services (+70,000), health care (+49,000), leisure and hospitality (+45,000), and government (+30,000) sectors lead the way. (One exception was the mining sector, which […]

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New Massachusetts Law Banning Employers From Asking Salary History Could Hurt Employees

Posted: August 3, 2016 at 2:48 pm   /   Friends

Transparency in pay is a rallying point of “fair pay” advocates. Why then would a recent law passed in Massachusetts prohibit questions about pay? Ironically, what has been deemed the most robust equal pay law in the country simultaneously mandates the free flow of salary discussions amongst employees while prohibiting employers from asking potential hires […]

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The Noise Behind the New Jobs Report

Posted: July 8, 2016 at 9:36 am   /   Friends

The new jobs report shows employers cranked up hiring in June, creating 287,000 net new jobs. But the last jobs report, for May, showed the economy slowing to a crawl, with employers adding only 11,000 net new jobs in the month. What explains these large gyrations? Probably statistical noise.  Americans shouldn’t read too much into […]

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How Obama Has Made It Harder for Companies to Hire

Posted: June 10, 2016 at 1:40 pm   /   Politics

Government data released on Wednesday shows the number of private-sector job openings was at an all-time high in April. Companies, however, hired the fewest number of people on a seasonally adjusted basis in nine months. Why the disparity? The JOLTS (Job Openings and Labor Turnover Survey) data the government released show that there were 5,289,000 […]

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