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Tag: Jobs
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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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Jobs Report Numbers at Odds With Obama’s Economic Spin

Posted: June 3, 2016 at 10:41 am   /   Politics

On Wednesday President Barack Obama took an economic victory lap in Elkhart, Indiana. The Bureau of Labor Statistics’ employment report, which came out Friday, shows he was far too optimistic. Both the household and payroll surveys showed employment growth slowing to a crawl in May, while hundreds of thousands of Americans stopped looking for work. Seven […]

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The Key Economic Facts Obama’s Recovery Narrative Ignores

Posted: June 2, 2016 at 1:55 pm   /   Politics

President Barack Obama took an economic victory lap in Elkhart, Ind., on Wednesday. In a major speech he argued his policies have brought the economy back. He blamed remaining economic weaknesses on trends preceding his administration. This analysis has the economic facts precisely backwards: Economic growth benefitted Americans up-and-down the income distribution until the Great […]

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Indiana Lawmakers Reject Obama’s Stimulus Success Story

Posted: May 31, 2016 at 3:10 pm   /   Politics

When President Barack Obama first visited Elkhart, Indiana in March 2009, the county’s unemployment rate had just spiked to 18.9 percent—the highest in the country. Pointing to those numbers at the time, Obama urged congress to pass an $800 billion economic stimulus package to keep the nation from slipping further into a recession “we may […]

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Obama’s Overtime Rule Tried at IBM, and It Didn’t Work

Posted: May 19, 2016 at 8:02 am   /   Politics

Juggling work and family life is hard. On Wednesday the Labor Department made it even harder for millions of salaried workers. The administration’s new overtime regulations will effectively turn them into hourly employees. The regulation won’t increase their earnings, but it will greatly reduce their control over their schedules. The Fair Labor Standards Act requires […]

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Mixed News in April Jobs Report

Posted: May 6, 2016 at 11:44 am   /   Politics

The Bureau of Labor Statistics’ April jobs report contained mixed economic news. The agency reported wages grew healthily, overall unemployment did not rise, and long-term unemployment fell slightly in April. At the same time job growth slowed and labor force participation dropped. The labor market is not contracting, but it is not growing as quickly […]

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Student Debt Reform: A Plea for the Rule of Law

Posted: May 3, 2016 at 10:04 am   /   Politics

The student loan crisis hovers at roughly $1.1 trillion. Politicians bicker about making college free in the future and neglect the students who didn’t benefit from student loan reform efforts. Private student debt is the leviathan in the room. Unfortunately, discussion of these issues is generally restricted to “You students took out the loans, you […]

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March Employment Report Shows Labor Market Growing

Posted: April 1, 2016 at 7:49 am   /   Politics

The March employment report showed continued growth in the labor market. While the Bureau of Labor Statistics found unemployment ticking up 0.1 percentage point, the good news was greater labor force participation and 215,000 new jobs created during the month. The payroll survey found widespread job growth throughout the service sector. The retail trade (+48,000), […]

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