10:45 AM, Jan 9, 2015 • By GEOFFREY NORMAN
It was a good year for jobs. As Bloomberg notes:
The Labor Department estimates that nonfarm employers added 252,000 jobs in December, bringing the total for 2014 to almost 3 million jobs -- the biggest year of gains since 1999. The unemployment rate declined to 5.6 percent from 5.8 percent in November, and its lowest level since June 2008. That said, the job market is still far from normal: Only 77 percent of people aged 25 to 54 have a job, compared with the pre-recession average of 80 percent.
… wages aren’t rising fast enough. As of December, the average hourly wage for private-sector workers stood at $24.57, up only 1.7 percent from a year earlier. That's just barely enough to keep up with consumer prices, which are estimated to have risen 1.7 percent during the same period -- lower than the Fed's target inflation rate of 2 percent.
Not yet time, then, for a chorus of “Happy Days Are Here Again.”
Just ask Senator Warren.
Oct 13, 2014, Vol. 20, No. 05 • By THE SCRAPBOOK
Politico recently hired Timothy Noah to be the publication’s labor and employment editor. Noah is a former Slate and New Republic columnist known for being liberal. Of course, most reporters on the labor beat are pro-union, so you’re probably wondering what the news is here. Well, that would be Noah’s hiring, in turn, of Mike Elk, formerly of Huffington Post and In These Times, to help him cover the beat.
10:22 AM, Jul 10, 2014 • By GEOFFREY NORMAN
Initial claims came in at 304,000, slightly less than expected (315,000) and low enough to keep the low flame of optimism burning after last weeks good jobs number.
12:00 AM, Jun 14, 2014 • By IRWIN M. STELZER
Until Eve’s encounter with the serpent, Adam did not spend a lot of time looking for work. Didn’t have to. Expelled from Eden and cursed with the necessity of earning his bread “in the sweat of his face,” he found work. Had to. Therein lies a partial, but only partial, explanation for one of the strange developments in America’s labor markets.
8:32 AM, May 2, 2014 • By DANIEL HALPER
The latest jobs numbers from the Bureau of Labor Statistics:
Total nonfarm payroll employment rose by 288,000, and the unemployment rate fell by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Employment gains were widespread, led by job growth in professional and business services, retail trade, food services and drinking places, and construction.
Household Survey Data
12:00 AM, Dec 14, 2013 • By IRWIN M. STELZER
Free traders are ecstatic. Negotiators at the 9th World Trade Organization ministerial conference in Bali cheered, hugged, and wept at what they see as the successful culmination of their recent round of talks. “A giant step for businesses large and small,” enthused the CEO of UPS.
Protesters stay home.12:54 PM, Dec 4, 2013 • By JIM SWIFT
At the corner of First and H Streets in Northwest Washington, the balloons were all set, hanging stories high in the cold morning air. The inflatable Pepsi and Mountain Dew bottles were twisting in the breeze, and a mini-hoop game was set up. There was even a marching band and Chester the Cheetos Cheetah.
Nov 11, 2013, Vol. 19, No. 09 • By MATTHEW CONTINETTI
Mike Lee, the senator from Utah, gave a speech at the Heritage Foundation last week that demands attention. The takeaway: Candidates need policy ideas that address the concerns of ordinary voters—and they have to campaign, and win, on those ideas. Lee noted that conservative scholars have a number of imaginative proposals that try to address the breakdown of the family, the rising cost of health insurance and higher education, the lengthening suburban commute, and out-of-control entitlement spending.
1:12 PM, Sep 12, 2013 • By GEOFFREY NORMAN
It has been clear for some time now that big labor is no fan of Obamacare. Now the AFL-CIO has passed a resolution making it official. As Sam Hananel reports for the Associated Press:
8:01 AM, Sep 6, 2013 • By GEOFFREY NORMAN
When the Bureau of Labor Statistics releases the numbers, this morning, on August unemployment, the economics, finance, and political priesthoods will commence digging into the entrails to divine Truth.
10:26 AM, Sep 2, 2013 • By GEOFFREY NORMAN
The celebration of work and the working man and woman feels a little forced this year. Union have, as Kevin Bogardus of The Hill reports:
8:40 AM, Aug 22, 2013 • By DANIEL HALPER
The Nevada AFL-CIO has released a resolution condemning Obamacare and demanding that the president and lawmakers change the law.
"[F]or two years we have sought from the Administration and Congress interpretations to the ACA that merely allows us keep the health plans we currently have: nothing more, nothing less. No special treatment. To date, the Administration has postured on proposals to address the problem, but no proposal to date will actually solve the problem. Our health plans only get worse," the resolution in part reads.
3:50 PM, Jul 15, 2013 • By JERYL BIER
The Labor Department announced Monday the awarding of $64 million in grants to help unemployment insurance recipients find work more quickly. The funds will be divided up between thirty-eight states, Puerto Rico, the Virgin Islands, and the District of Columbia. Acting Labor Secretary Seth Harris announced the awards: