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Tag: Jobs
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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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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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