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    Unemployment Rate Drop Due to Workers Leaving Labor Force

    The November employment report appeared to be good news. The unemployment rate fell to 7.7 percent, the lowest level since 2009, and the economy created 146,000 jobs. However, a closer reading of the details shows that the labor market is not recovering any faster but instead continuing its long, painful … More

    Shocker of the Year: Michigan a Right-to-Work State?

    All signs now point toward Michigan becoming America’s 24th right-to-work state by year’s end. This is good news for Michigan’s union members and unemployed. Michigan has suffered more than most states in the recession. The state still has an unemployment rate one-and-a-half percentage points above the national average. The state … More

    Unemployment Benefits: No Free Lunch

    Would spending more money on unemployment benefits create jobs? The Congressional Budget Office (CBO) thinks so. According to a new CBO report, extending the current 73 weeks of unemployment insurance (UI) benefits would lead employers to create 300,000 new jobs. This seems highly implausible. Economists widely agree that UI causes … More

    Chart of the Week: Slowest Economic Recovery Since the 1960s

    Americans could be waiting another five years for a return to normal employment based on the sluggish pace of the U.S. economy. After nearly four years in office, President Obama has overseen the worst recovery since the 1960s. This week’s chart comes on the heels of Friday’s employment report, which … More

    U.S. Shed 9,000 Mining, Energy Jobs in October, 17,000 Since May

    Buried in Friday’s Bureau of Labor Statistics report on the country’s unemployment situation was this disheartening fact: 9,000 employees of the mining and resource extraction sector lost their jobs in October. That brings total job losses in that sector to 17,000 since May, according to BLS. The Bureau, which is … More

    Morning Bell: Unemployment Rate Inches Back Up

    The October jobs report essentially agrees with the rest of the current data on the economy—the economy is growing slowly, too slowly to bring down unemployment rapidly. In fact, the unemployment rate rose to 7.9 percent in October and the economy created about 171,000 jobs, roughly equal to the usual … More

    Morning Bell: The Specter of Taxmageddon Rises

    On this Halloween, a truly frightening specter is looming. No amount of garlic, crosses, or exorcists can help us—only Congress and the President can chase this ghoul away. It’s Taxmageddon. A horrifying combination of expiring pro-growth tax policies from 2001 and 2003, the end of the once-temporary payroll tax cut, … More

    Morning Bell: Obama's "New Economic Patriotism"

    President Obama has a new booklet—a glossy, 20-page spread called “The New Economic Patriotism: A Plan for Jobs and Middle-Class Security.” The title is completely Orwellian, since the plan—which is nothing new—would actually kill jobs, harming the middle class. As expected, the “new patriotism” means paying more in taxes for … More

    CHART: Paul Ryan Lays Out a Vision for Reforming Welfare, Fighting Poverty

    In his speech today at Cleveland State University, Representative Paul Ryan (R–WI) laid out a vision for reforming the nation’s approach to poverty. “With few exceptions, government’s approach has been to spend lots of money on centralized, bureaucratic, top-down anti-poverty programs,” Ryan stated. “The mindset behind this approach is that … More

    The 5 Most Misleading Statements from the Second Presidential Debate

    President Barack Obama and former Massachusetts Governor Mitt Romney sparred last night in the second of three presidential debates. Today’s Morning Bell features reaction from numerous Heritage experts. In addition, we’ve compiled a list of the five most factually-challenged statements made during the debate. Obama falsely claims he called Benghazi attacks “acts … More