For many years, Giovanna De La Rosa enjoyed working at Toys ‘R’ Us—especially during the holiday shopping season. “I loved bringing joy to families and to children,” she shared at a recent congressional hearing. “I watched so many of the local kids grow up over the years while shopping in our store.” Continue reading
Workers are stuck “paying the ultimate price for executives’ poorly-timed deals,” said Our Revolution on Monday after General Electric announced it was freezing the pensions of roughly 20,000 employees with salaried benefits. Continue reading
Last month, the House voted to incrementally raise the minimum wage to $15 an hour. Continue reading
Mickey Ray Williams keeps a Goodyear tire in his Gadsden, Alabama, conference room. Made in Mexico and imported to Gadsden, that tire induces fear. Continue reading
The Bureau of Labor Statistics reports that the US economy created 148,000 new private sector jobs during July. The jobs number does not translate into employed people as increasingly Americans hold two or more jobs. For example, the BLS reports that from June to July the number of multiple job holders rose by 233,000 which is 85,000 more than the 148,000 new private sector jobs. What we are seeing is not more people employed, but more multiple job holders. Since May the number of multiple job holders has increased by 534,000. Continue reading
Uber just filed its first quarterly report as a publicly traded company. Although it lost $1bn, investors may still do well because the losses appear to be declining. Continue reading
As I travel around the country, I tell people: if you have a job, join a union. And if you don’t have a union, start one. Continue reading
Air traffic controllers hold the trump card (pardon the expression) in upcoming negotiations between Donald Trump and congressional Democrats over border security. Continue reading
There were not 312,000 new jobs created in December. Continue reading
According to Friday’s payroll jobs report from the Bureau of Labor Statistics, the economy created 200,000 new jobs in August. These jobs, assuming that they exist, are reported to be in low paid domestic service jobs such as transporting and selling goods, ambulatory health care services, and waiting tables and mixing drinks. There are none in manufacturing or in the “high tech clean fingernail” jobs that neoliberal economists promised the American work force in exchange for letting the industrial and manufacturing jobs go to Asia. Continue reading
It’s practically unanimous: Nine out of 10 establishment economists agree that America’s solid job growth and the low unemployment rate truly make ours “The Land of Opportunity.” Continue reading
The US government and the presstitutes that serve it continue to lie to us about everything. Friday, the Bureau of Labor Statistics told us that the unemployment rate was 3.9%. How can this be when the BLS also reports that the labor force participation rate has declined for a decade throughout the length of the alleged economic recovery and there is no upward pressure on wages from full employment. When jobs are plentiful, people enter the labor force to take advantage of the work opportunities. This raises the labor force participation rate. When employment is full—which is what a 3.9% unemployment rate means—wages are bid up as employers compete for scarce labor. Full employment with no wage pressure and no rise in the labor force participation rate is impossible. Continue reading
The US government continues to lie about everything, not just Russia, Syria, Iran, and China. The US government is incapable of telling the truth about something as straightforward as employment. According to the government, March produced only 98,000 new payroll jobs, an insufficient amount to reduce unemployment, but the unemployment rate fell from 4.7 to 4.5 percent. Continue reading
President-elect Donald Trump, a supposedly populist candidate who rose to power on promises made to frustrated American workers, has now seemingly launched what Politico is describing as an outright “war on unions.” Continue reading
The presstitute media delivered the false news, not from Russian propaganda websites such as the Washington Post accuses this one of being, but from Obama’s US Bureau of Labor Statistics. The false news is that the collapsing economy continues to boom with 178,000 new jobs in November and a further fall in the rate of unemployment to 4.6%. Continue reading
As John Williams has made clear, the monthly payroll jobs number consists mainly of an add-on factor of 200,000 jobs. These jobs are a product of the assumption in the Birth-Death Model that new business ventures create more unreported new jobs than the unreported job losses from business failures. If we subtract out this made-up number, July saw a gain of 55,000 jobs, not enough to keep up with population growth. Even the 55,000 figure is overstated, according to John Williams’ report: “The gimmicked, headline payroll gain of 255,000 more realistically should have come in below zero, net of built-in upside biases.” Continue reading
On top of punishing austerity, new rules imposed benefit business exclusively at the expense of worker rights. Continue reading
Each year, as we join millions across the world to celebrate the victories of workers, our own Freedom Day remains still fresh in our minds. Continue reading
On Friday the Bureau of Labor Statistics reported that there were 215,000 new jobs in March. Continue reading
US economics statistics are so screwed up that they do not provide an accurate picture. Continue reading
The Bureau of Labor Statistics announced Friday that the US economy created 271,000 jobs in October, a number substantially in excess of the expected 175,000 to 190,000 jobs. The unexpected job gain has dropped the unemployment rate to 5 percent. These two numbers will be the focus of the financial media presstitutes. Continue reading
Workers in the United States have learned some painful lessons: that they live on less than their peers in much of Europe and are woefully insecure in their jobs and retirements—if they have jobs and retirement plans, at all. What U.S. workers have not learned—or have forgotten—is how to fight. They can take some tips from the French, who “throw down the gauntlet at any mention of job loss or pay cuts.” Continue reading
The 142,000 September payroll jobs reported Friday (2 Oct 2015) by the Bureau of Labor Statistics is too small to be consistent with the still high stock averages or the alleged economic recovery. Moreover, the BLS says that it over-estimated the July and August payroll jobs by 59,000. Continue reading
When a country faces economic problems, it immediately calls for an austerity program to deal with the situation. Austerity does not mean that the wealthy will have to surrender their jet planes or their yachts, or use of personal expenses as tax write-offs. Continue reading
He was born into poverty in New Hampshire in 1811. Continue reading
On January 9, the Bureau of Labor Statistics reports that a quarter of a million new jobs were created in December. Continue reading
Friday’s payroll jobs report is another government fairy tale or, to avoid polite euphemisms, another packet of lies just like the House of Representatives Resolution against Russia and every other statement that comes out of Washington. Continue reading
Just as the German media have destroyed their credibility with lies, the US government is consistently destroying Washington’s credibility both with its own citizens and the rest of the world. Continue reading
The Bureau of Labor Statistics headline Friday morning read: “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.” Continue reading
Washington can’t stop lying. Don’t be convinced by last Thursday’s job report that it is your fault if you don’t have a job. Those 288,000 jobs and 6.1% unemployment rate are more fiction than reality. Continue reading
Last April, I saw a report that 83% of May’s college graduates did not have a job. I remarked that in my day most of us had 2 or 3 job or graduate school offers before we graduated. The latest payroll jobs report issued on June 6 proves that the April report was true. Continue reading
RSS
Waiting on the wealthy
Low-wage jobs catering to the wealthiest Americans are now growing twice as fast as other jobs.
Posted on November 14, 2019 by Jim Hightower
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