Jobs & Unemployment

White House instructs Government Contractors to hold-off on warning Employees about possible Layoffs

October 1, 2012

“The government said it would cover legal costs if contractors are forced to slash their payrolls because of the looming $109 billion in automatic cuts next year and are alleged to have violated the WARN Act.”

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U.S. Companies Cutting Costs, Leading to a Weak Labor Market Outlook

October 1, 2012

“All this is pushing finance chiefs back to the drawing board, with some limiting hiring and investment and others slashing more jobs than originally announced.”

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California Governor Jerry Brown (D) vetoes Domestic Workers’ Rights Bill

October 1, 2012

“Advocates said the legislation, dubbed the Domestic Workers of Bill of Rights, is necessary to protect a primarily female, immigrant workforce from abuse.”

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Senate Republicans Block $1 Billion Veterans’ Jobs Bill

September 21, 2012

“Republicans said the spending authorized in the bill violated limits that Congress agreed to last year. Democrats fell two votes shy of the 60-vote majority needed to waive the objection, forcing the legislation back to committee.”

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Jobless claims decrease by 3,000 to 382,000, which exceeds the forecast of 375,000

September 20, 2012

“Estimates in the Bloomberg survey ranged from 360,000 to 390,000. The Labor Department revised the previous week’s figure to 385,000 from an initially reported 382,000.”

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Federal Reserve officially announces Quantitative Easing 3 (QE3), intends to buy $40 billion in bonds a month

September 13, 2012

“The purchases will be open-ended, meaning that they will continue until the Fed is satisfied that economic conditions, primarily in unemployment, improve.”

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Report: Federal Reserve to announce a Third Round of Quantitative Easing (QE3) on Thursday

September 12, 2012

“Almost two-thirds of the economists polled by Bloomberg News this week say that they predict another round of quantitative easing to be announced on Thursday”

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Job Openings and Labor Turnover Survey: U.S. Job Openings fell in July

September 11, 2012

“The hiring rate, however, was steady at 3.2 percent in July. In July, the drop in job openings was spread across manufacturing, health care and business services. Job openings increased in the public sector.”

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Analysis: August Jobs Report could cancel-out any Obama Convention Bounce in the Polls

September 7, 2012

“Coming less than 12 hours after the president accepted his party’s nomination for a second term, the lackluster report could wipe out or diminish any traditional bounce in the polls he might have gotten from the festive, well-choreographed three-day Democratic National Convention.”

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#DrudgeRetort — Drudge incorrectly implies that the Federal Reserve is taking quick action after the August Jobs Report

September 7, 2012

The statements “August Jobs Report raises questions about the need for more economic aid from the Federal Reserve” and “The Federal Reserve is on the brink of pumping money into the U.S. Economy in reaction to the August Jobs Report” couldn’t be any more dissimilar.

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368,000 Americans drop out of the Labor Force in August

September 7, 2012

“368,000 people gave up searching for jobs and left the labor force in August, Labor Department data showed. Due to this exodus, 119,000 fewer people were employed in August than July.”

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U.S. Economy added 96,000 Jobs in August; Unemployment Rate drops to 8.1%

September 7, 2012

“The report also said that 41,000 fewer jobs were created in July and June than first estimated. The revisions mean that employers have added just 139,000 jobs a month since the beginning of the year, below last year’s average of 153,000.”

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President Obama: You didn’t elect me to tell you what you wanted to hear. You elected me to tell you the truth.

September 6, 2012

“On the biggest stage of his re-election bid, Obama is dropping some tough love on voters, offering no fast solutions for a nation whose spirit has been sapped by economic insecurity.”

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Fact-Checkers swarm over President Clinton’s DNC Speech claims that Democratic Presidents create more jobs than Republican Presidents

September 6, 2012

“Since 1961, he said, 24 million private-sector jobs were added during the 28 years that Republicans held the White House. But when Democrats were president, that figure almost doubled — 42 million private-sector jobs created over 24 years.”

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Greece Unemployment Rate hits 24.4%

September 6, 2012

“The Greek Statistical Authority said the number of people out of work in June rose by 34,000 to more than 1.2 million. The jobless rate was up from 23.5 percent in May and 17.2 percent the previous year.”

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