Obamacare’s part time economy

By Rick Manning The first week of July is normally a nice quiet news time, when the people can turn their thoughts toward vacation with family, fireworks, and fun.  Here are a few things that you might’ve missed. The unemployment rate headlines were joyous and Wall Street took off.  The Labor Department’s Bureau of Labor Statistics reported that June’s unemployment […]

Help Wanted: One in six men aged 25-54 not working

By Tom Toth Five years into Obama’s presidency, the United States looks very different than it did in years past. Over 10.2 million American men between the ages of 25-54 — about seventeen percent of that age group — are not currently working. Two thirds of them have given up on looking for work altogether. As a comparison, in the […]

Last month’s 1 million missing workers: Who were they?

By Robert Romano In April, according to the Bureau of Labor Statistics, the amount of people with jobs decreased by 73,000. Yet, we are to believe that the unemployment rate dropped, from 6.7 percent to 6.3 percent. These are two irreconcilable data points. So, how did it happen? 964,000 people left the civilian labor force, which is to say, they […]

Imagine everyone in San Jose, California dropped out of the workforce last month

By Rick Manning It was as if entire city of San Jose, California dropped out of the labor force last month.  That’s what 988,000 people leaving the workforce in one month looks like.  It is more than the entire population of the state of Delaware, and almost four out of ten Americans over the age of 16 are not in […]

Cartoon: “What’s a Job?”

By William Warren Click here for high-resolution version.  

Part-time America?

By Robert Romano Since the end of 2007, the amount of Americans working part-time has jumped 2.2 million, from 24.4 million to 26.6 million, even as the amount of people working has actually decreased by 286,000, according to the latest data compiled by the Bureau of Labor Statistics. As a result, the percentage of those employed working part-time has jumped […]

Retirees not the ones to worry about, it is young people

By Robert Romano The precipitous drop in the nation’s labor participation rate has fueled a debate amongst economic prognosticators about what it means for America’s economy.  Some, like the Philadelphia Federal Reserve’s Shigeru Fujita, say the rate is declining naturally due to our nation’s population aging and Baby Boomers hitting retirement age. Others, like this author, have pointed to the […]

Is this any way to treat the job creators?

By Marita Noon It’s no wonder that, as the New York Times (NYT) headline declared: “Growth in jobs slows sharply to 3-year low.” Addressing the Labor Department’s disappointing December Jobs Report, CNN Money’s headline states: “2013 ends with weakest job growth in years.” USA Today called it a “Big miss” and CNBC’s Jim Cramer sees the 74,000 gain in payrolls […]

Maybe the rent is too damn high

By Robert Romano Which is a bigger problem for the poor: Low incomes or the high cost of living? According to New York Times columnist and economist Paul Krugman, it’s low income. In a January 19 piece, “The undeserving rich,” Krugman writes, “for the past three decades and more the main obstacle facing the poor has been the lack of […]

Retirees are not the labor force exodus problem

By Robert Romano A version of this article appeared at Forbes.com. Since 2008, the civilian non-institutional population has jumped by 11.9 million, yet the civilian labor force has only increased by 1.1 million, according to annual figures published by the Bureau of Labor Statistics. The above numbers speak to a pronounced drop in labor force participation — that is, those […]

Back to top

Copyright © 2008-2014 NetRight Daily