This sad story is as old as NAFTA.
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 →
There were not 312,000 new jobs created in December. Continue reading →
Quantity is on one thing, but quality is what really matters when it comes to jobs
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 →
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 →
On Friday the Bureau of Labor Statistics reported that there were 215,000 new jobs in March. 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 →
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 →
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 →
And more fraud is in the works
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 →
Education is not the answer
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 →
The March payroll jobs report released April 4 claims 192,000 new private sector jobs. Continue reading →
Some years ago when I was Business Week’s columnist an up-and-coming academic economist published his conclusions that raising the minimum wage did not cause unemployment. An implication was that labor unions did not cause unemployment by forcing up wages. Continue reading →
The alleged recovery took a direct hit from Friday’s payroll jobs report. The Bureau of Labor Statistics reported that the economy created 74,000 net new jobs in December. Continue reading →
“I believe we have made a decision now that will permit us to create an economic order in the world that will promote more growth, more equality, better preservation of the environment and a greater possibility of world peace. We are on the verge of a global economic expansion that is sparked by the fact that the United States, at this critical moment, decided that we would compete, not retreat. In a few moments, I will sign the North American Free Trade Act into law. NAFTA will tear down trade barriers between our three nations. It will create the world’s largest trade zone and create 200,000 jobs in this country by 1995 alone. The environmental and labor side agreements initiated by our administration will make this agreement a force for social progress as well as economic growth.” Continue reading →
Public workers’ trump
Posted on January 30, 2019 by Robert Reich
Air traffic controllers hold the trump card (pardon the expression) in upcoming negotiations between Donald Trump and congressional Democrats over border security. Continue reading →