How in the world do the people of California not rebel against their state government? This is absurd and should be illegal. via foxnews: A California bill that would provide unemployment benefits to illegal immigrants is set for review this …
by Charles Hugh-Smith This is how we’ll end up with severe shortages of truly skilled labor and high unemployment of those who lack the necessary skills. The labor force and the job market are referred to as if they were monolithic structures. But they’re …
Denmark Tightens Its Generous Jobless Benefits COPENHAGEN — How long is too long to be paid to go without a job? As extended unemployment swells almost everywhere across the advanced industrial world, that question is turning into a lightning rod …
by confoundedinterest17 Biden’s State of the Union address saw him bragging about his record job creation (actually, it was the private sector, not Biden than created jobs) and historic unemployment rate. What Biden didn’t mention (along with not discussing the porous …
by danielhanchen Also important today is the ISM Services Report. Mainly people will be looking for Prices Paid (inflation proxy). Yikes 517,000 new jobs…….. Citibank interestingly got it right – they predicted 500K or so new jobs. Average weekly hours went …
Ahead of today’s payrolls report, we warned that there is the possibility for a lot more “market whiplash” because as Goldman explicitly warned, there is the risk for an outlier strong report in January due to massive seasonal adjustments… … …
Amid an ongoing labor crisis, with businesses across the country continually struggling to fill open worker slots, two economists say part of the problem may stem from roughly a quarter of all U.S. states paying citizens sky-high unemployment benefits that …
h/t HelpingHandsUs
🚨UK unemployment surges 1,000% above forecast 🚨 😬 https://t.co/VNP5S2krPn — Financelot (@FinanceLancelot) December 13, 2022
#recession … #Tech Bubble 2.0 edition https://t.co/6h25by6rGG — Invariant Perspective (@InvariantPersp1) December 12, 2022
by confoundedinterest17 President Biden just lost one of his midterm election talking points. “The U-3 unemployment rate the lowest since (garbled) at 3.5%!” Because it now has risen in October to 3.7%. Private payrolls added 233k jobs in October, which is a …
Europe’s Misery index (unemployment rate + inflation rate) All time highs pic.twitter.com/IOiJgmatje — Alessio (@AlessioTMAD) October 19, 2022 GERMANY SEPT. PPI INFLATION JUMPS 2.3% M/M; EST. 1.3% 🇩🇪🇩🇪 — Christian Klein (@clkleinmonaco) October 20, 2022 https://twitter.com/edwardnh/status/1583102730482032640
Economist and founder of ShadowStats.com, John Williams says the government’s “phony numbers” don’t show the public how bad things really are with the economy. Williams prides himself in giving you the actual economic numbers without “accounting gimmicks” that make things look better …
By Ron Paul The Federal Reserve was no doubt troubled by July’s decline in the US unemployment rate to 4.5 percent and increase in job openings to 11.2 million. This is because the Fed’s strategy for reducing the historic price inflation now …
China’s economy is worse than we thought as it is crashing at an “alarming” rate. The People’s Bank of China (PBOC) was forced to cut policy rates to try to stop a slowdown that began back in March. China’s slump …
The exact scope of the fraud targeting federal aid initiatives is unknown, even two years later. With unemployment benefits, however, the theft could be significant. Testifying at a little-noticed congressional hearing this spring, a top watchdog for the Labor Department …
In the first few months of 2022, a wave of layoffs swept across American business. The cuts stem from slower business growth, paired with rising labor costs. Even major tech companies like Facebook parent company Meta are facing contractions. Layoffs …
by Martin Armstrong To me, it is fascinating how everything dovetails in together when the computer is monitoring everything on a global scale. The projection that unemployment could reach 15% in 2020 not only came true, but it did so …
by Tom McClellan It has been a great accomplishment that the unemployment rate has fallen in the 2 years since the misguided Covid shutdown in 2020, and is almost back to the pre-Covid low. But this progress is likely coming to …
Latest #economic update from Bank of England. Unemployment rate projections…. well, anywhere between 2%-7% should cover it then!! Read: they have no idea!? pic.twitter.com/sF3prRdLDE — CrossBorder Capital/ GLIndexes (@crossbordercap) February 9, 2022
WASHINGTON (Reuters) – The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was nearing its end and a recession that saw legions of workers lose …
by confoundedinterest17 Despite inflation growing at 7% (versus The Fed’s target rate of 2%) and U-3 unemployment being only 3.9%, one would have thought that Jay and The Gang would have started increasing rates at the January meeting. But nooooo. The Fed …
The United States saw the widest gap in unemployment rates for African Americans and whites in years at the conclusion of the first year of Biden’s presidency, underscoring an uneven recovery from the coronavirus pandemic and the Biden administration’s failure …
Hundreds of thousands of Californians who received unemployment funds from the federal Pandemic Unemployment Assistance (PUA) program are on the clock to show proof of prior employment or risk of having to pay back benefits to the state. The state’s …
The California Employment Development Department (EDD) recently reported that its best estimate of fraudulent unemployment payments totals at least $20 billion. That makes it easily the largest fraud in U.S. history and is more than the entire state budget of …
by confoundedinterest17 The Misery Index, inflation plus unemployment, is over 10% at 10.80%. Unemployment has been steadily declining since the COVID shutdowns of 2020. The real culprit has been rapidly rising since COVID as well. At this point, inflation improvements …
by John Ward JOBS FOR PEOPLE, NOT FOR ROBOTS I had another little run-in with Artificial Intelligence (AI) on Monday. A close friend had recommended some vitamin supplements, and so I went to a French site, painstakingly looking up each product …
https://twitter.com/PriapusIQ/status/1446091631413899273
Vivili Hospitality Group proprietor Skyler Reeves reacts to Biden’s commerce secretary blaming a skills gap for a shortage of waiters Scammers were able to pocket nearly 30% of the $16 billion in unemployment insurance payments sent out by Arizona since …
