Posts tagged as:

unemployment

Excuses, Excuses

March 2, 2010

It looks like the Obama administration is preparing for a bad unemployment report this week, as Obama economic adviser Larry Summers is coming up with excuses, blaming the bad weather of February’s blizzards for increased unemployment.  This several days before the report is to come out, so the administration must be preparing for some real [...]

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Jobless Claims Rise Unexpectedly, As Expected

February 18, 2010

First time jobless claims were up 31,000, to a seasonally-adjusted 473,000.  As expected, this rise was “unexpected.”  I have yet to see any economic report where the analyst’s expectations were met.   Rush is right on this.  If they are so often wrong, and results are always “unexpected”, why bother expecting anything in the first [...]

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The Porkulus Bill – One Year Later

February 17, 2010

The stimulus Porkulus Bill is one year old today.  It was signed into law by President Obama on February 17, 2009, with many promises:

The porkulus promised to “create or save” 3.5 million jobs.  Since February 17, 2009, we’ve lost 2.4 million jobs.
The administration promised that, with the porkulus, unemployment would cap out at 8%.  Unemployment [...]

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Jobless Claims Up

February 4, 2010

New jobless claims “rose unexpectedly” to 480,000, for the week ending January 30.  Economists are concerned that the bottoming-out of the labor market that they all thought had occurred has simply not occurred.  Unemployment shows no signs of abating, and all the Democrats want to do is spend more.  Their mantra “jobs, jobs, jobs” can [...]

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Solving Unemployment by Discouraging Workers

February 3, 2010

Jim Geraghty has an amusing video on how Obama is making the unemployment numbers go down – by turning unemployed workers into discouraged workers.

Geraghty talks about the discouraged workers as not being counted by the unemployed, but misses the other classifications of workers, including those who are open to work but not looking (marginally attached [...]

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How To Stifle a Recovery: Raise the Minimum Wage

July 28, 2009

With economic indicators predicting that the economy is starting to show signs of recovery, one would think that we are nearing the end of this national nightmare of an economic disaster.  Yet last Friday, a Democrat government policy went into effect that could cause some of the recent stabilization of the economy to backslide.   Friday [...]

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9.5%

July 2, 2009

Or to put in another way:  Nine point five percent!   Bad humor, but in all seriousness at the end of the day there’s no good way view this.  That’s the highest unemployment rate we’ve seen since August 1983, as the US economy shaved another 467,000 jobs in the month of June. 
Unemployment is considered a lagging indicator when it [...]

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Ominous Economic Signs

May 8, 2009

Two stories today paint a rather dire picture of the current economic situation.  First, jobless numbers were released today, showing the economy losing another 539,000 jobs in April.  Since Inauguration Day, the economy has lost 2,585,000 jobs, bringing the unemployment rate up to 8.9%, the highest in over 25 years.  The loss of private-sector jobs, [...]

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Rogue’s Island Strikes Again with Even Higher Taxes

December 7, 2008

I couldn’t resist commenting on this latest scheme out of my former home state, the dying State of Rhode Island and Providence Plantations! 
Because the Democrat-controlled state legislature is invested so heavily in buying the votes of their constituents through the welfare-state socialism and corruption which has dominated Lil’ Rhody for decades, they simply cannot “cut” any program whatsoever.  [...]

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