The Associated Press reports: Employers already are squeezed by tight credit, rising health care costs, wary consumers and a higher minimum wage. Now, the surging jobless rate is imposing another cost. It’s forcing higher state taxes on companies to pay for unemployment insurance claims. Some employers say the extra costs …
Unemployment has risen above 10 percent and no one in Washington seems to understand what is going on. Yesterday, a little noticed release from the Bureau of Labor Statistics (BLS) shed important light onto the job situation. The BLS’s Business Employment Dynamics (BED) program uses unemployment insurance (UI) records to …
Following news this week that the American Recovery and Reinvestment Act has led to jobs being “created or saved” in Congressional districts that don’t exist, the GAO issued a new report warning that the U.S. Department of Education is falling down on its oversight responsibilities. The GAO reports that the …
Alabama has received 3 billion dollars of stimulus aid to help “save or create” jobs and cure unemployment. Yet somehow that stimulus aid isn’t helping in curing unemployment or creating new jobs, instead it’s resulting in a state unemployment rate that’s higher than the national unemployment rate of 10.2 percent. …
Forget everything bad you’ve ever heard about President Barack Obama’s $787 billion economic stimulus. Combing through the data on the $18 million Recovery.gov website, you’ll find tons of Obama stimulus success stories from across the country. In Minnesota’s 57th Congressional District, 35 jobs have been saved or created using $404,340 in …
Great catch by Frederick Hess at The Enterprise Blog: Was it just me, or did anyone else find it troubling to read the Washington Post story “Democrats round up health bill votes” on Saturday and stumble upon this sentence: “Rep. Jason Altmire, a second-term Democrat who represents a blue-collar district …
When President Barack Obama was pitching his $787 billion economic stimulus package, the White House produced a report claiming their plan would keep unemployment under a peak of 8%. Reality has not been kind to President Obama’s promises. On November 6, the Bureau of Labor Statistics released their Employment Situation Summary …
The Department of Labor announced today the economy shed another 190 thousand jobs in October, pushing the unemployment rate to 10.2 percent and the running Obama jobs deficit to 5.7 million. Earlier in the week the Obama Administration released figures purporting to show the Obama stimulus had saved or created …
Last week the Obama administration issued a report purporting to show that the President’s $787 billion economic stimulus plan had saved or created exactly 640,329 jobs. Such a precise number for such a fuzzy concept as jobs “saved or created” immediately raised doubts about the veracity of the report in …
