The high cost of Obama’s jobless recovery

By Robert Romano At the height of the Great Recession, by December 2009, 8.4 million jobs were lost. It has taken six years to recover to the 146.4 million January 2008 pre-downturn jobs level. Today, 146.6 million people have jobs, according to data compiled by the Bureau of Labor Statistics. Here’s the problem. The population aged 16-64 has increased by […]

In view of Burger King, how to keep American jobs here

By Rick Manning As originally published at Burger King is in the news—not because the creepiest looking mascot since Six Flags’ dancing undertaker went off the rails but because they are pursuing a move of their corporate headquarters to the well-known tax haven known as Canada. People with no sense of American history are wringing their hands over this […]

America a rising manufacturing star?

By Rick Manning The Boston Consulting Group just released a study comparing manufacturing costs around the world, and the United States fared surprisingly well.  Writing about the U.S. and Mexico, the authors explain the improved manufacturing environment saying, “Because of low wage growth, sustained productivity gains, stable exchange rates, and a big energy-cost advantage, these two nations are the current […]

Are Baby Boomers the reason young people can’t find work?

By Robert Romano There is no question that younger people are working at a lower rate now than they were in 2000. What is not fully understood is why. Why, since July 2000, has the population of those aged 20-34 increased by almost 7.4 million, yet only 1.3 million of those — just 17.67 percent — have found jobs? As […]

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 […]

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