A new chart from the minority side of the Senate Budget Committee details the fact that, since January 2009, for every person added to the labor force, 10 have been added to those not in the labor force. Here's a chart showing the dwindling labor force:Read more
This morning's jobs report released by the Bureau of Labor Statistics is being met with skepticism. The report found that, from August to September, the unemployment rate dropped from just above 8 percent to 7.8 percent.
In fact, when Labor Secretary Hilda Solis appeared on CNBC this morning, the first two questions for her were whether the books have been cooked:Read more
Republican presidential candidate Mitt Romney released the following statement in response the latest jobs report, which reported that unemployment had dropped slightly to 7.8 percent:Read more
The Bureau of Labor Statistics reports that the unemployment rate has decreased to 7.8 percent. The biggest drops in unemployment, from the report on August to the report just released on September, is among teenagers, blacks, and Asians.Read more
At a mid-day rally Thursday in Northern Virginia, Republican presidential candidate Mitt Romney kept his focus on the economy—and Barack Obama’s record on it.
In one of President Obama's TV ads, Bill Clinton says that the key question in this election is which candidate can figure out how "to return us to full employment." But as the federal government's own figures show, Obama might want to start by first figuring out how to get us back to the level of employment that we had during the recession.Read more
On Wednesday night, former president Bill Clinton assured us that nobody could have managed the Great Recession better than Barack Obama. He compared Obama’s tenure to the period between 1993 and 1996, when the economy was recovering but people were not yet feeling it. He assured us that, soon enough, we will feel this recovery.Read more
As the jobs numbers were read on air this morning on MSNBC, host Joe Scarborough immediately proclaimed, "This is good news for the president."
The MSNBC audience erupted in cheers, and many chanted, "Four More Years!"Read more
Among the more trenchant lines from Paul Ryan's speech was this:
College graduates should not have to live out their 20s in their childhood bedrooms, staring up at fading Obama posters and wondering when they can move out and get going with life.Read more
In response to a statement about the high unemployment rate for those with college degrees, Robert Gibbs, a surrogate for President Obama's reelection campaign, admitted that things are particularly bad for those without college degrees:
“But boy that unemployment rate when you get out of college is tough," MSNBC host Chuck Todd said. "It's higher than the national average."Read more
It was reported this morning that weekly jobless claims are up for the second straight week, and this week's unexpected increase exceeded analysts' expectations. The numbers (372,000 jobless claims last week) don't suggest that the next unemployment report will be awful, but it's a safe bet that there won't be good news for the unemployed either. Weekly jobless claims usually have to be at or below 325,000 to be consistent with job creation.Read more
In an interview with Black Enterprise magazine, President Barack Obama blames state and local governments, as well as Congress, for over 14 percent black unemployment.
"Black unemployment still stands at nearly 14%. How do you communicate that the economy is headed in the right direction?," the editor in chief of Black Enterprise asks Obama.Read more
On C-SPAN's Washington Journal recently, a Democratic member of Congress, Rosa DeLauro, said that the increase of food stamps usage has to do with the "rough economy" and the fact that real unemployment is higher than 8.2 percent. The 8.2 percent number is the one offered by the federal Bureau of Labor Statistics, but accounts for only those looking actively looking for work.Read more
Fed chairman Ben Bernanke told a congressional committee today that "the reduction in the unemployment rate seems likely to be frustratingly slow":Read more
A new chart set to be released by the Republican side of the Senate Budget Committee details an alarming fact: In the last three months, more Americans have joined disability than have found a job:
As the chart shows, between April-June 2012, an estimated 246,000 Americans were added to Social Security's disability insurance program. In that same time period, only 225,000 American jobs were created.Read more
For 280 consecutive months before President Obama took office — a span of more than 23 years — the portion of Americans who were employed always exceeded 60.0 percent (according to official tallies from the Bureau of Labor Statistics). In marked contrast, last Friday’s jobs numbers show that, under Obama, the portion of Americans who are employed has remained below 60.0 percent for 40 consecutive months.Read more
President Obama spent the first few minutes of his remarks today in Poland, Ohio cracking jokes with the crowd, and avoiding having to address today's disappointing jobs report:
His jokes largely centered on his family, though he did address his weight, too. "People've been commenting: I need to gain some weight," said Obama.Read more
White House chairman of the Council of Economic Advisers Alan Krueger issued this statement on today's jobs numbers:Read more
Remember Michael Dukakis (1988) and John Kerry (2004)? It's possible to lose a winnable presidential election to a vulnerable incumbent in the White House (or in the case of 1988, a sitting vice president). So, speaking of losing candidates from Massachusetts: Is it too much to ask Mitt Romney to get off autopilot and actually think about the race he's running?Read more
The Republican National Committee has released this web ad, which hits President Obama--because, under his leadership, "Hispanics are left suffering disproportionately under his economic policies," according to an RNC press release.Read more
Washington Examiner Top Stories
Type in your email
address to get started:
Thank you for signing up for the Jonathan V. last newsletter! You should receive your first newsletter very soon.
We're sorry, there was an error processing your newsletter signup.