US Unemployment Rate Drops To 6.3 Percent As 49,000 Jobs Added In January

January saw the United States add 49,000 jobs as the unemployment rate dropped to 6.3 percent, as reported by Yahoo! Finance. This signals a 0.4 percent drop in the rate, according to the Labor Department. Friday’s release of data reveals that the economy appears to once again be heading toward recovery after jobs declined in […]

Senate Heads To Week Long Recess Without Voting On COVID-19 Relief Or Paycheck Protection

The Senate adjourned for a week of recess in honor of Memorial Day on Thursday evening, while two paycheck-related pieces of legislation were still unresolved, according to The Hill. Both the Paycheck Protection Program and the HEROES Act were waiting for debate when the senators’ time expired on Thursday. The Paycheck Protection Program was one […]

Donald Trump Lashes Out At Media After Disappointing August Jobs Report Released

The U.S. economy only added 130,000 jobs in August, further exacerbating worries that the economy may be facing a recession. In response, President Donald Trump tweeted Thursday morning that the economy was in good shape, but that the “fake news” was trying to stoke fears of a slowing economy. Experts speculate the president’s ongoing trade […]

Trump Makes False GDP Claim, Reports ‘Fox Business’

Donald Trump has been on Twitter again. This time to tout his economic success, with the GDP growth rate hitting 4.2 percent for the last quarter and topping the unemployment rate of 3.9 percent, something Trump claimed “for the first time in 100 years.” However, Fox Business reports this as false. While the numbers cited […]

Jobs And Wages Both Increase, Says August Jobs Report

The U.S Department of Labor’s August report revealed 201,000 jobs and an average wage increase of 2.9 percent reports CNN. Both figures are above what analysts predicted, although in the case of the jobs, that is only a slight increase. The growth in the number of jobs in the country continues a strong run in […]

Americans Reveal Surprising Feelings About The Job Market In New Poll

Americans appear to be extremely optimistic about the ability to find quality employment like never before, according to the Gallup polling organization. In reaching this conclusion, Gallup conducted telephone interviews (70 percent of whom were cell phone respondents) with a random sample of about 1,000 U.S. adults. In the just-released data which has a stated […]

BET Founder Robert Johnson Weighs In On The Trump Economy [Video]

Black Entertainment Television co-founder and entrepreneur Robert L. Johnson discussed the U.S. economy today on the CNBC show Squawk Box. Johnson is said to be the first African-American billionaire after selling the BET cable network, which launched in 1980, to Viacom in 2001. Johnson stayed on as BET CEO through 2006. Johnson currently serves as […]

Over 300,000 New Jobs Created Since President Trump Took Office, Tax Cuts And Deregulation Keys To Growth

Ever since President Donald Trump took office, approximately 3 million U.S. jobs have been created. In February alone, nearly 313,000 new jobs were added, beating original estimates by over 100,000. As reported by Breitbart, White House Press Secretary Sarah Sanders announced the latest job statistics during a Friday press conference. The impressive figures were followed […]

Unemployment Rate Drops To 4.1 Percent As U.S. Adds 200,000 Jobs In January

Unemployment is down to a 17-year low of 4.1 percent as the U.S. economy added 200,000 jobs in January, smashing forecasts that expected a significantly smaller net jobs increase, Business Insider is reporting. 200,000 Net New Jobs Added The economy added a net 200,000 non-farm jobs in January. That is, the number of jobs added […]

U.S. Unemployment Claims Highest In Two Years, Underlying Trend Boosted By Hurricane

Americans are filing for unemployment benefits and Hurricane Harvey just lifted the U.S jobless claims to its highest level in two years. The hurricane only served to boost an underlying trend consistent with a firming jobs market, when a surge of unemployment applications were received in Texas amid the Hurricane Harvey crisis. Reuters reports that […]

Obama Unemployment Reality: Number Of Americans Not Working At Record High

The Obama unemployment rate is at 4.7 percent as of the end of December 2016, which is a few points below the rate he started with in 2009 of over seven percent and much lower than the all-time high during his presidency of 10 percent. The Obama unemployment rate, by most accounts, paints the picture […]

Trump’s Treasury Pick Has Odd ‘Gold Standard’ And Federal Reserve Ideals

Does Donald Trump want to get rid of the central banking system that keeps big banks honest and potentially replace it with an impossible system called the “gold standard”? Right now, according to a December 2 report from IB Times, there are hopes that the Federal Reserve will adjust the dollar because Donald Trump getting […]

Greyhound Racing Banned In Argentina, But One Politician Calls Decision ‘Fascist’

Argentina has banned greyhound racing, or carreras de galgos, with a new bill that was able to achieve relative unity in the deeply divided country’s Congress. On Thursday, Argentina’s lower house voted 132-17 to approve the bill which will put an end to greyhound racing in the country. The measure found near-universal support in the […]

AI Robots To Take 6 Percent Of American Jobs By 2021: Should Donald Trump, Hillary Clinton Debate A Universal Basic Income Policy Plan Now?

Robots driven by advanced artificial intelligence (AI) algorithms are expected to take about 6 percent of American jobs by 2021. With such level of automation, many U.S. citizens will find themselves unemployed. Perhaps it might be the right time to reignite the debate about Universal Basic Income Policy Plan, which assures a certain sum of […]

Mike Rowe Warns Millennial Graduates: ‘Never Follow Your Passion’ [Video]

Mike Rowe had some harsh advice for millennial students and graduates in a recently released Prager University video. According to the former Dirty Jobs host, passion has very little to do with success. In fact, Rowe suggests that you should “never follow your passion” when it comes to looking for work. “The dirty truth, which […]

Unemployment Drops To 4.9 Percent As U.S. Economy Adds 242,000 Jobs In February

The unemployment rate in the United States stayed steady at 4.9 percent, an eight-year low while the nation added 242,000 new jobs in February. The resilient American job market relished another solid month mostly driven by retailers, health care providers, and restaurants. The latest data out from the Bureau of Labor Statistics on Friday has […]

Thousands Of Jobs Lost As International Steel Industry Crisis Escalates

The commodity market over the last year has been in turmoil and the steel industry has not been an exception. Prices have dropped to a 12-year low as poor economic growth, oversupply and diminishing demand are the order of the day. With China’s growth rate at its lowest in 25 years, and its stock market […]

In 30 Years Robots Will Force Half The World Into Unemployment, What Does It All Mean For Humanity?

A prominent scientist, Moshe Vardi, says that in just 30 years, robots will take half of the world’s current jobs. This means that half of the world’s population will be unemployed and will create the “greatest challenge ever” in regards to exactly what humanity will do once robots prove they can do it all. Vardi […]

Artificial Intelligence Could Leave Half The World Unemployed In Just 30 Years

Artificial intelligence could leave more than half of the world unemployed within 30 years, according to one expert. Current technologies already have the potential to automate a surprisingly large percentage of most tasks performed by human workers today, and advances in the field could have devastating effects on occupations across the board. Rice University computer […]

Unemployment Rate At 4.9 Percent: Do The Numbers Speak Truth On The Job Market?

The U.S. unemployment rate is now 4.9, the lowest since February 2008, and wages have also risen. The Labor Department reported that 151,000 jobs were added in January, a slightly lower increase than in December, which made 2015 one of the best years for job creation since the 1990s. President Barack Obama spoke on the […]

Maine Mayor Seeks To ‘Name And Shame’ The Poor

Economically disadvantaged citizens of Lewiston, Maine, have reason to be concerned as Mayor Robert Macdonald seeks to pass legislation to “name and shame” recipients of welfare according to his column in the Twin City Times In a weak “straw man” argument, the Maine mayor postures that “the public has a right to know how its […]

Report: Young Adult Unemployment Rates Are Higher Than Ever, Employers Are To Blame

The young adult population in America is currently experiencing one of the worst times for young adult employment in U.S. history. According to a new report by the Brooking Institute, most young adults are either unemployed or working in jobs with no upward mobility. In comparing current times to those during the Great Depression, young […]

David Stockman Says Unemployment Is Really 42.9 Percent

The government reports today that unemployment is officially at 5.3 percent in May, down from 6.1 percent in May of last year, according to the Bureau of Labor Statistics, an agency of the U.S. Department of Labor. Former Reagan administration Budget Director, David Stockman, says the real unemployment rate in the United States is now […]

Student Loans Can Not Be Discharged For Unemployed, Disabled Woman

Imagine being 45-years-old, disabled and unemployed, and seeking to have a $37,000 student loan account discharged in bankruptcy court because paying the monthly payments, you believe, would cause an a major financial burden? Imagine, as Bloomberg Business reported in the case of Monica Stitt, the bankruptcy court rules against your claim and says you must […]

Mike Rowe: Work Ethic Is Not Right-Wing Propaganda

Mike Rowe has rejected a critic’s premise that he is engaging in right-wing propaganda by “harping on” the importance of a work ethic and falsely claiming that many jobless individuals actually don’t want to work. According to Mike Rowe in a response to a Facebook follower identified as Craig P., however, most people would rather […]

Economic Fail: Disappointing March Jobs Report Puts Federal Bank On Notice

The U.S. economy was humming along nicely until a poor March jobs report released Friday sent shivers through Wall Street and forced the Federal Reserve to rethink its strategy. The Labor Department reported that only 126,000 jobs were created in March — that’s half the number of jobs that was expected and the lowest number […]

Future Shop Abruptly Shuts Down, Leaves Customers, Workers Out In The Cold

Canadian electronics retail icon, Future Shop, has abruptly shut its doors across the country. As per a story in The Ottawa Citizen, shoppers across Canada arrived at Future Shop on Saturday morning, only to find the retailer closed and locked. Some were there to shop, others to have their equipment serviced; Future Shop was known […]

While Jobs Increase And Unemployment Drops, Wages Have Yet To Catch Up

The economy continued its promising rise in jobs this February as almost 300,000 were added and unemployment dropped to roughly 5.5 percent. The number of jobs being added every month has consistently beaten many economists’ estimates. Though this number doesn’t include the people who are considered long-term unemployed — that is, those who are out […]

Oil Prices Close To Collapsing North Sea Oil Fields

The UK’s oil industry is in “crisis” as prices drop, a senior industry leader has told the BBC. Oil companies and service providers are cutting staff and investment to save money. Robin Allan, chairman of the independent explorers’ association Brindex, told the BBC that the industry was “close to collapse”. “It’s almost impossible to make […]

Sears Closing Hundreds Of Stores, Many Kmart Stores Going Out Of Business As Well

Sears going out of business sales will be happening across the country this month, and it looks like Kmart will be joining in. With hundreds of stores expected to close before the year ends, consumers may find sales bigger than the Black Friday, Cyber Monday, and Green Monday sales combined. Just last month, CNN reported […]

New York City’s Unemployment Rate Drops To Record Lows – But It Is Still Higher Than National Average

New York City attracts professional talent from all across the country and even overseas. Interestingly, the Big Apple continues to offer means to make a decent living, proved state’s Labor Department report. Reports received Thursday show the plunge in New York City’s unemployment rate continued in October. Unemployment rate in New York City now stands […]

Target Black Friday Deals Replaced With Going Out Of Business Sales? 11 Target Stores Set To Close For Good

Target may be offering more than just Black Friday deals this holiday season, with going out of business sales a possibility at least 11 stores nationwide. The Huffington Post states that Target plans to permanently close 11 stores just six months after the company closed down eight other locations. Target’s annual report states that the […]

Michigan Appeals Court Rules That Medical Marijuana Law Trumps Unemployment Law

A new ruling in a Michigan appeals court stated that if an employee gets fired only because they use medical marijuana, they still qualify for unemployment benefits. Three lower Michigan courts’ rulings were upheld: In Michigan, medical marijuana laws trump unemployment laws. In other words, if you live in Michigan and get fired because you […]

GOP Jobs Plan Epic Fail: John Boehner Outlines Ideas — In A Blank Tweet, Internet Goes To Town

House Speaker John Boehner, or whoever manages his official Twitter account, experienced a true “epic fail” Tuesday when he attempted to post a tweet outlining the Republican “5 point” jobs creation plan. There was just one problem Except for the numbers 1-5, the tweet was completely blank. ① ② ③ ④ ⑤ #5pts4jobs → […]

Unemployment Extension 2014: Benefits Do Not Make People Lazy, Fed Study Confirms

One of the main Republican arguments against a new unemployment extension in 2014 — an argument also made by some conservative economists — was that receiving unemployment benefits makes people lazy when it comes to finding work. Kentucky Senator Rand Paul stated the position perhaps most clearly in January, when he said that passing a […]

Homeless Guy Is Candidate For California Governor [Video]

GOP candidate for California governor Neel Kashkari spent a week living on the streets of Fresno while job hunting. Kashkari, 41, attempted to debunk the claim that the Golden State is in the midst of an economic recovery, which entrenched, sloganeering Democrats including incumbent Governor Jerry Brown have called the California Comeback. Along with high […]

Dow Jones Plunges More Than 300 Points; 2014 Gains Erased

The Dow Jones Industrial Average and other major indices sustained heavy losses today as a smattering of bad news, both domestically and from around the world, provoked a stock sell-off large enough to cause the Dow to erase all of its 2014 gains. Fox Business informs us that by the end of the trading day, […]

Obama Administration Says U.S. Needs More Immigrants To Create A Younger Workforce

The Obama administration said the president’s policies are not to blame for the ever increasing number of non-working individuals in America. President Obama’s Council of Economic Advisers feel the trend was “inevitable” and caused by an aging United States population. To combat the issue, the president’s advisers suggest allowing more immigrants into the country in […]

Unemployment Benefits Extension Cutoff Did Nothing To Lower Jobless Rate, Data Shows

With the unemployment benefits extension cutoff last December, Republicans predicted that when the long-term unemployed lost their benefits they would be forced to go back to work, lowering the unemployment rate. When the Labor Department announced this month that the jobless rate fell to 6.1 percent — the lowest rate since the recession began in […]

Unemployment Falls In 20 US States

The US has reported it’s forth straight month of hiring with unemployment falling in 20 states in May. Nationwide 217,000 jobs were added by employers in May making it the fourth consecutive month of gains above 200,000, the first stretch since 1999. The nations unemployment rate remains at 6.3%, matching a five year low. Unemployment […]

Seattle Minimum Wage Raised To $15 Per Hour

Seattle minimum wage increase to $15 per hour approved by the city council. The California city now boasts the highest minimum wage in the United States. Small business owners and fiscal conservatives are already registering their concern over possible layoff, unemployment increases, and customer price increases. The minimum wage increase in Seattle has been a […]

Mitt Romney Supports Minimum Wage Increase

Mitt Romney wants lawmakers to raise the federal minimum wage. Romney, the 2012 Republican presidential candidate, responded to questions on a wide range of domestic and international issues during an interview today on MSNBC’s liberal roundtable Morning Joe. Even if the Congress doesn’t act, the states on an individual basis can raise the minimum wage […]

Michelle Obama: Girl Gives Unemployed Dad’s Resume To First Lady [VIDEO]

The First Lady, Michelle Obama, received something rather unique from a girl during the White House’s “Take Our Daughters and Sons to Work Day,” and it was a wonderful favor to her father. According to the Washington Post, Michelle Obama called upon a girl, who is identified as 10-year-old Charlotte Bell, during a question-and-answer session. […]

Elizabeth Warren Challenges Paul Ryan’s Assumption That Unemployed People Are Lazy

Elizabeth Warren, Democratic Senator from Massechusetts, may be the most popular politician in the US right now. Warren’s recent criticism of Paul Ryan’s “vision of America” has thrust her into the spotlight again. In a recent poll, conducted by Quinnipiac University, Americans were asked to give prominent politicians a score, from zero to one hundred, […]

Kelly Blazek, Job Bank Head, Forced To Apologize For Nasty E-Mails To Job Hunters

Kelly Blazek, the manager of a Cleveland job bank who was known as the “house mother” to job hunters in that Ohio city, was forced to grudgingly apologize this week after a series of inexplicably rage-filled e-mails she sent to hopeful, young job hunters, slapping them down for daring to ask for her help. The […]

Saudi Arabia Tries To Cut Jobless Rate By Kicking Out Foreigners

Saudi Arabia is taking the direct approach when it comes to reducing unemployment. The Arab kingdom has simply been kicking foreign workers out so that native Saudis can take their jobs. However, the practice will work better in theory than reality, experts say and will have a far- reaching effect on economies throughout the Middle […]

Unemployment Rate Rises To 7.3% Even With 204,000 New Jobs

The unemployment rate for October was released by the Labor Department on Friday. The report showed that 204,000 non-farming jobs were actually added to the market. In spite of the added jobs, the unemployment rate bumped from 7.2% in September to 7.3% in October. Economists were worried how the Government shutdown would affect the Labor […]

Is Part-Time The New Norm In This Economy?

Reports have been telling consumers that the economy is recovering, more jobs are being made available, and that the national unemployment rate is continuing to fall. According to USA Today, the national unemployment rate fell from 7.6 percent to 7.4 percent, which is good news, right? “My parents are pressuring me to get a full-time […]

Paul Mitchell CEO: Has Obama Even Operated A Lemonade Stand? [Video]

Paul Mitchell’s John Paul DeJoria talked about the American economy and how to reduce unemployment in an interview with CNBC today. The interview touched upon President Obama’s New York Times interview in which he complained about ongoing income equality in the country. DeJoria employs thousands of workers at Paul Mitchell Systems, the hair care empire, […]

Fired By Text Message On The Fourth Of July, That’s Gotta Hurt

Workers in Florida were fired by text message on the Fourth of July, leaving them without pay and without notice. Barducci’s Italian Restaurant in Winter Park, Florida was closed suddenly before the holiday by owner Gregory Kennedy, who reportedly texted the bad news to employees rather than meeting them at work. One of the restaurant […]