Jobs & Unemployment

Weekly Jobless Claims fall to 339,000, the lowest level in four and a half years

October 11, 2012

“The Labor Department said weekly applications fell by 30,000 to the lowest level since February 2008. The four-week average, a less volatile measure, dropped by 11,500 to 364,000, a six-month low.”

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Former G.E. CEO Jack Welch doubles-down on his Jobs Report criticisms without elboration

October 10, 2012

Despite his intentions, Mr. Welch failed to further explain his accusations in his Wall Street Journal article and address precisely why jumped to such a brash conclusion. Where were these accusations when the unemployment rate was rising?

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Westgate Resorts CEO David Siegel threatens to fire employees if Obama is reelected and raises taxes on the rich

October 10, 2012

“So, when you make your decision to vote, ask yourself, which candidate understands the economics of business ownership and who doesn’t? Whose policies will endanger your job?”

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Darden Restaurants has stopped offering full-time schedules to many hourly workers to avoid ObamaCare costs

October 10, 2012

“Under that law, large companies must provide affordable health insurance to employees working an average of at least 30 hours per week.”

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Analysis: Looking back at the defeat of the American Jobs Act of 2011

October 10, 2012

“Moody’s Chief Economist Mark Zandi said that the American Jobs Act would result in an increase of 1.9 million jobs and 2% GDP.”

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Brookings Institute: How the September Jobs Report helps President Obama less than you may think

October 9, 2012

“Unfortunately for President Obama, research suggests that voters’ impressions of the economic trajectory are essentially locked-in by April of the election year.”

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Brookings Institute: How the September Jobs Report placates Romney’s Strategy

October 9, 2012

“Perhaps even more importantly, the positive jobs numbers are likely to truncate the positive news cycle that the Romney campaign was enjoying in the wake of Governor Romney’s aggressive debate performance.”

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Nate Silver: September Jobs Report makes Obama’s Case Easier

October 5, 2012

“The decline in unemployment under Mr. Obama this year since December is the largest in an election year since Ronald Reagan’s re-election bid, when it declined to 7.3 percent in Sept. 1984 from 8.3 percent in Dec. 1983.”

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Former G.E. CEO Jack Welch accuses the White House of… manipulating jobs numbers?

October 5, 2012

Although this is nothing more than partisan bickering, to make any accusation that a Jobs Report was fabricated is absurd given the past Republican praise for dismal Jobs Reports.

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New Jobs Report Reveals U.S. Unemployment Rate Drops to 7.8% in September, Beating Economists’ Expectations

October 5, 2012

“The rate declined from 8.1 percent because the number of people who said they were employed soared by 873,000 — an encouraging sign for an economy that’s been struggling to create enough jobs.”

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Report: U.S. Federal Reserve may adopt numerical thresholds for inflation and joblessness to serve as “guideposts” for Monetary Policy

October 4, 2012

“Minutes of the Fed’s September 12-13 meeting released on Thursday showed officials were broadly in agreement that more policy stimulus was needed given the meager economic recovery.”

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Economists expect tomorrow’s September Jobs Report to show a “modest” increase in job growth

October 4, 2012

“The jobless rate likely ticked up to 8.2% from 8.1% last month, the experts estimate. Job gains of 150,000 or higher are typically needed to bring down unemployment.”

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Fact-Checking Governor Romney in the First Presidential Debate — Jobs and the Middle Class

October 4, 2012

“Mr. Romney promised to create 12 million jobs over the next four years if he is elected president. That is actually about as many jobs as the economy is already expected to create, according to some economic forecasters.”

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Two Economists predict that September’s Unemployment Rate will be 8.1%

October 2, 2012

“An unemployment rate of 8.1% would represent no change from August, and is also the consensus forecast of economists surveyed by Dow Jones Newswires. Messrs. Barnichon and Nekarda also forecast 8% in October and November.”

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Before beginning his Debate Preparation, President Obama held a Rally at a Las Vegas High School

October 2, 2012

“Obama campaign officials touted the fact that 19,800 jobs have been created in Nevada in the past 30 months and the unemployment rate has dropped 1.7 percentage points. But the state’s unemployment rate remains the worst in the country, at 12.1%.”

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