Unemployment
Kaiser Permanente lays off 530 employees in Southern California
Kaiser Permanente officials have confirmed 530 union employees in Southern California have been laid off.
At least 85 position were eliminated at the Fontana and Ontario medical centers, officials said Friday.
Officials at the health-care provider did not release the locations of the other 445 positions.
The layoffs do not include physicians.
(Excerpt) Read more at presstelegram.com
400K In Calif. Face ‘Sudden Stop’ In Jobless Benefits
LOS ANGELES (CBSLA.com) — The unemployment rate in California inched down slightly in October as the state Employment Development Department issued a dire warning that federal help for the long-term unemployed may soon run out.
The unemployment rate dipped to 10.1 percent in October – down from 10.2 percent a month earlier – after 45,800 jobs […]
Jobless claims leap 78,000 to 439,000; storm cited
WASHINGTON (MarketWatch) - The damage caused by Hurricane Sandy sent U.S. jobless claims soaring by 78,000 in the week ended Nov. 10 to an 18-month high of 439,000, according to the latest government figures. A Labor Department official on Thursday said claims surged in the eastern parts of the country that laid in the path […]
CBO Report: Taxmageddon Means Unemployment of 9.1 Percent for 2013
A new CBO report released yesterday finds that Taxmageddon’s economic impact for 2013 would be disastrous for the economy.
The report projects that gross domestic product (GDP) would fall by 0.5 percent for 2013, a recession by economist standards. The loss in growth would then result in millions of lost jobs by raising unemployment from 7.9 […]
Boeing Announces Big Layoffs in Defense Division
Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.
Read the whole story at CNBC
Vegas Employer: Obama Won, So I Fired 22 Employees
LAS VEGAS (CBS Las Vegas) — A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.
“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need […]
Long-Term Unemployment Rises in October
(CNSNews.com) - The long-term unemployment rate rose to 40.6 percent in October, up from September’s level of 40.1 percent of the total unemployed, according to a report from the Bureau of Labor Statistics Friday. Long-term unemployment is unemployment lasting for 27 consecutive weeks or longer, according to BLS. The government reported that just over 5 million people were […]
UNEMPLOYMENT HIGHER THAN WHEN OBAMA TOOK OFFICE (OCTOBER UNEMPLOYMENT: 7.9%)
American job creation improved in October with 171,000 new jobs but the unemployment rate moved higher to 7.9 percent, setting the stage for a final push to the finish line in the heated presidential campaign.
Read the whole story at CNBC
U.S. Unadjusted Unemployment Down to 7.0% in October
WASHINGTON, D.C. — U.S. unemployment, as measured by Gallup without seasonal adjustment, fell to 7.0% for the month of October, down significantly from the 7.9% measured at the end of September. Gallup’s seasonally adjusted unemployment rate is 7.4%, improved more than a half a point from September.
(Excerpt) Read more at gallup.com
IT’S OFFICIAL: UBS Announces Up To 10,000 Job Cuts
Swiss banking giant UBS intends to cut nearly 10,000 jobs worldwide in a restructuring of its hard-hit investment bank, the group said on Tuesday reporting that reorganisation costs had pushed it deep into loss in the third quarter.
The costs switched the Swiss bank’s third-quarter results into a 2.2-billion Swiss franc net loss compared to the 1.0 billion […]
MYSTERY: Labor Department May DELAY October Jobs Numbers
UPDATE: The U.S. Labor Department on Monday said it is “working hard to ensure the timely release” of the October jobs report, saying it intends to released the report on schedule Friday despite Hurricane Sandy.
Bloomberg News
“It is our intention that Friday will be business as usual,” said Carl Fillichio, a senior press advisor at Labor. Mr. Fillichio’s statement provided […]
Voters unsure of Obama’s agenda. President’s second-term plans vague
MANCHESTER, N.H. — Ask voters to describe what a second Obama term would look like, and even some of the president’s most ardent supporters have a hard time painting a picture.
“I don’t know,” said Cynthia Malbon of Manchester. “I’m skeptical that anything much is going to happen. It’s probably going to be worse next time […]
The Gig Economy:Now that everyone has a project-to-project freelance career, everyone is a hustler
No one I know has a job anymore. They’ve got Gigs.
Gigs: a bunch of free-floating projects, consultancies, and part-time bits and pieces they try and stitch together to make what they refer to wryly as “the Nut”—the sum that allows them to hang on to the apartment, the health-care policy, the baby sitter, and the […]
1 in 2 new graduates are jobless or underemployed
WASHINGTON (AP) — The college class of 2012 is in for a rude welcome to the world of work.
A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don’t fully use their skills and knowledge.
Young adults with bachelor’s degrees are increasingly scraping by in lower-wage jobs […]
Shocking Report:Government spent over $1.028 trillion on welfare in FY 2011 (We now know where the $1 trillion FY11 deficit goes)
The government spent approximately $1.03 trillion on 83 means-tested federal welfare programs in fiscal year 2011 alone — a price tag that makes welfare that year the government’s largest expenditure, according to new data released by the Republican side of the Senate Budget Committee.
The total sum taxpayers spent on federal welfare programs was derived from […]
U.S. jobless claims goes up by 46,000 to 388,000
WASHINGTON (MarketWatch) - Applications for U.S. unemployment benefits jumped 46,000 to a seasonally adjusted 388,000 in the week of Oct. 7-13, the Labor Department said Thursday, erasing the sharp drop from the prior week. Claims had fallen two weeks ago to a four-year low, but the decline mainly stemmed from a statistical quirk in the […]
Obama’s Real Unemployment Rate is 14.7%
The Bureau of Labor Statistics (BLS) reported last Friday that 114,000 new jobs were created last month, according to its Establishment Survey of business payrolls that has been emphasized by the Obama Administration. That is pitifully weak, especially for what is supposed to be the fourth year of a recovery (the National Bureau of Economic […]
Gallup: The Unemployment Rate Is Collapsing
Gallup: The Unemployment Rate Is Collapsing
Joe Weisenthal
Oct. 17, 2012, 11:46 AM
More evidence that the official 7.8% unemployment rate is not the wild outlier people initially thought.
This just in from Gallup:
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WASHINGTON, D.C. — U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.3% in mid-October, down considerably from 7.9% at the end of September and […]
Unemployment Set to Explode
Now that the average price of gasoline in the United States is clocking in at all-time record levels for this time of year, especially in California, what effect will that factor have upon the official U.S. unemployment rate, which just clocked in at its lowest level since early 2009?
Unfortunately, that’s the wrong question to be asking today, because it takes roughly […]
President Obama’s team slams critics of new unemployment statistics as ‘lunatics’
President Obama’s advisers attacked critics for suggesting the White House fudged jobs figures, comparing them to “lunatic” birthers. The sub-8% unemployment stats were released by the non-partisan Bureau of Labor Statistics Friday, but former GE chief Jack Welch and several Tea Party figures claimed the numbers were cooked. Obama campaign senior adviser Robert Gibbs called […]