Tag Archive: Unemployment


U.S. Homeownership Rate Falls to Lowest Since 1995

 

 

 

 

” The U.S. homeownership rate fell to the lowest in almost 18 years, reflecting rising demand for rentals and investor purchases in the housing market.

The share of Americans who own their homes was 65 percent in the first quarter, down from 65.4 percent a year earlier and the lowest level since the third quarter of 1995, the Census Bureau reported today. The vacancy rate for rented homes dropped to 8.6 percent from 8.8 percent a year earlier, while vacancies for owner-occupied houses fell to 2.1 percent from 2.2 percent.”

 

 

 

 

 

 

 

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30 Reasons To Dislike Barack Obama

 

 

 

 

” As a conservative, picking out things you don’t like about Barack Obama is kind of like pointing to the wettest part of the ocean. It also goes beyond politics. Not only is Barack Obama wrong politically, he’s not a good guy, “cool,” or even moderately likable. To the contrary, he’s one of the nastiest, least admirable people in politics and he gets by based on a phony persona he created when he ran for President in 2008 — along with the help of press corps liberals that work to protect him like they’re on his payroll. Based on his performance and his personality, Barack Obama deserves to be the least popular man ever to sit in the White House.

1) Nobody but an ass would say“It’s very rare that I come to an event where I’m like the fifth- or sixth-most interesting person.”

2) He’s a former (maybe, who really knows?) coke-snorting pothead who governs with all the care and due diligence you’d expect from a coke-snorting pothead.

3) Barack Obama actually said, “The private sector is doing fine.” Given that the private sector has never at any point been doing fine since he became President, he’d have to be dumb, dishonest or delusional to say something like that.

4) He is a bigger liar than Bill Clinton and Jimmy Carter put together. There’s nothing the man says you can count on his meaning unless he’s saying something nice about himself.” 

 

Read The Whole Thing

 

 

 

 

African-American Leaders Call On Congressional Black Caucus To Halt Immigration Bill

 

 

” The African American Leadership Council asked the Congressional Black Caucus to oppose the Senate Gang of Eight’s immigration bill at a press conference Wednesday morning.

The leaders called on the caucus to protect black workers by opposing the 844-page bill, portions of which the coalition described as amnesty.

The council questioned whether there are enough low-skill jobs for both African Americans and immigrants. One member said increased immigration levels would keep black unemployment, which is already nearly double the national average, elevated for some time.

“With unemployment at 7.6 percent, this is preposterous,” coalition member Charles Butler said. “What makes sense is for America’s jobs to be reserved for people who are legally entitled to compete for them.”

The coalition slammed establishment black leaders in the press conference, saying they do not represent the African-American community on this issue.”

 

 

 

 

 

CALIFORNIA BILL COULD SHUT DOWN SMALL RESTAURANTS

 

 

 

 

” The State of California has one of the worst proposals of any legislature in the country this year with a new bill that would force every restaurant and food service business in the state to commission an expensive “risk assessment” test for every menu item.

Such a test could cost thousands of dollars for every food item sold. This outrageous and cost prohibitive testing would certainly cause all but the biggest chain restaurants to go out of business almost instantly.

In another exercise in nanny-statism, California’s State Senate Democrats want this “risk assessment” conducted to determine whether food being sold “contributes significantly to a significant public health epidemic.”

The bill, Senate Bill 747, is an addition to the current health and safety codes and is currently set for a hearing on April 17. It was written and introduced by Sen. Mark DeSauliner (D, Concord).

As California politics watchdog Stephen Frank points out, “Pass this and hundreds of thousands of Californians are out of work on Day One–and tens of thousands of Californians have lost their investments and businesses.”

But there are other, perhaps unintended, consequences in the offing here. This law would benefit large, multi-million dollar national chain restaurants in as much as it would eliminate their competition at a local level. Mom and Pop restaurants, small local chains, and one-location restaurants could never afford to have expensive tests done for every food item they sell. The big chains, however, have a whole country of locations and customers upon which to spread the costs of this “risk assessment.” “

 

 

 

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1 Government Worker to Every 5 American Working Adults

 

 

 

” Why don’t we just give everyone a guaranteed government job? It worked in the Soviet Union where there was no unemployment and not much of anything else. Also people who didn’t have jobs were deported to labor camps. Or shot.

But until that wonderful Socialist utopia dawns, we can still be reassured that we live in a nation where government employees remain a privileged class, their noble public service rewarded by better benefits and low unemployment rates.

 

Since July, times have been very good for government in the United States, with governments managing to add 618,000 workers to their payrolls.  In March, there were 20,633,000 total government workers in the U.S.  In July the government employed 20,015,000 people.”

 

 

 

 

 

Exclusive: States With Lowest Unemployment Are Dominated By Conservatives & Republicans

 

ideology2

 

 

 

” America is said to be the laboratory of democracy. If so, there may be a top secret ideological formula for lower unemployment: conservatism.

States where self-identified conservatives dominate the political landscape are more likely to have the lowest unemployment rates. People can argue about it, but they should take it up with the Bureau of Labor Statistics and the people who respond to Gallup surveys.

Comparing Bureau of Labor Statistics’ state unemployment numbers released on March 18th, 2013 with Gallup polling published in February 2013, the superior performance of conservative states is glaring. Gallup frames its scores as ‘conservative advantage,’ and these variables average out to a score of 17.7. That means the middle-of-the-road ideology score is about 17.7.”

 

 

 

HOUSEHOLD INCOME TUMBLES DURING THE OBAMA “RECOVERY”

 

Household income tumbles during the Obama "recovery"

 

” The New York Times delivers some news so grim that it had to cook the headline to hide it: “Median Household Income Down 7.3% Since Start of Recession.”

Well, yes, but as the Times reluctantly admits in the very last paragraph of the story, 5.6 percent of that decline has occurred since the Obama “recovery” began.  And median annual household income just fell by 1.1 percent in a single month – February 2013 – after the Obama “recovery” has supposedly been in progress for years.  That’s after $6 trillion in deficit spending to “stimulate” the economy, supposedly for the benefit of the average household.

What’s behind this decline in household income, which has become so drastically pronounced throughout the Obama era? “

 

 

 

 

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New York City Leads Jump in Homeless

 

 

 

” More than 21,000 children—an unprecedented 1% of the city’s youth—slept each night in a city shelter in January, an increase of 22% in the past year, the report said, while homeless families now spend more than a year in a shelter, on average, for the first time since 1987. In January, an average of 11,984 homeless families slept in shelters each night, a rise of 18% from a year earlier

“New York is facing a homeless crisis worse than any time since the Great Depression,” said Mary Brosnahan, president of the Coalition for the Homeless.”

 

 

See also :

 

Inside City Shelters, Looking for Ways Out

 

 

 

 

 

 

 

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Why The Sequester Is The GOP’s Worst Possible Move

 

 

 

 

” The danger for Republicans is that they will bury emerging news about economic weakness tied to higher taxes and more far-reaching regulations and instead promote a story line that puts a new round of disruptive spending cuts at the center of an economic slump — courtesy of the GOP.

I’ve been arguing for months that Washington is trying to shrink the deficit faster than is economically sound. The sequester would only exacerbate this shortsightedness with automatic cuts designed to do the maximum damage per dollar saved.

In other words, this is about the worst way to cut government, and it would be happening at the worst possible time for Republicans.”

 

Forbes Lists America’s 20 ‘Most Miserable Cities’; Guess What The Vast Majority Have in Common?

 

Believe it or not , this is no third world slum ... This is Detroit

 

” Forbes just published its 20 Most Miserable Cities List for 2013. The magazine left off several obviously more “worthy” contenders, perhaps because its decisions to include and exclude certain criteria were, to say the least, more than a little odd.

I have listed the magazine’s top twenty following the jump, along with each city’s mayor and that person’s political leanings, showing a commonality the magazine’s Kurt Badenhausen failed to observe:

 

20. Youngstown, Ohio — Charles P. Sammarone, Democrat
19. Gary, Indiana — Karen Freeman-Wilson, Democrat
18. Poughkeepsie, New York — John C. Tkazyik, Republican
17. Cleveland, Ohio — Frank Jackson, Democrat
16. Atlanta, Georgia — Kasim Reed, Democrat
15. Atlantic City, New Jersey — Lorenzo Langford, Democrat
14. Milwaukee, Wisconsin — Tom Barrett, Democrat
13. Camden, New Jersey — Dana Redd, Democrat
12. St. Louis, Missouri — Francis Slay, Democrat
11. Toledo, Ohio — Michael Bell, ran as an independent but is a lifelong Democrat
10. New York, New York — Michael Bloomberg, Nanny State “Independent” since 2007; Democrat before 2001; ran as a Republican in 2001 just to get a spot on the ballot.
9. Waukegan, Illinois — Robert G. Sabonjian, Democrat (see first paragraph following this list)
8. Stockton, California – Anthony Silva, a Republican sworn into office by Democrat and former California Assembly Speaker Willie Brown.
7. Warren, Michigan — James Fouts, Republican
6. Vallejo, California — Osby Davis, Not determinable
5. Modesto, California — Garrad Marsh, “non-partisan,” clear Democrat sympathies
4. Chicago, Illinois — Rahm Emanuel, Democrat
3. Rockford, Illinois — Larry Morrissey, Independent
2. Flint, Michigan — Dayne Walling, “nonpartisan,” formerly worked for U.S. Rep. Dale Kildee, a Democrat
1. Detroit, Michigan — Dave Bing, Democrat

Biden: Americans ‘No Longer Worried’ About Economy

 

” In remarks today at the White House, Vice President Joe Biden said that Americans don’t have the same economic worries they did when President Barack Obama came into office:

 

Biden Strikes Again

 

 

   He is right , to a degree … we don’t have the SAME worries … We have countless MORE since he and his boss took over .

 

Jobless Mother Of 11 To Get Six-Bedroom Eco-House After Moaning Her TWO Council Homes Are Cramped

 

 

” With six bedrooms, three bathrooms, a huge kitchen and the very latest in energy-saving eco-friendly design, it is a house that a great many of us would be very happy to buy and move into.

We’d probably be even happier – and perhaps a little humbled – if it was being specifically built for us and paid for by the taxpayer.

But not Heather Frost.

Far from simply being grateful for her good fortune, the jobless mother of 11 says that if she doesn’t like the house she’ll just tell the council to build her another one.

She is due to move into the property – valued at £400,000 – in July after ‘struggling’ to survive in two adjacent houses in Churchdown, Gloucestershire, which have been joined together by the council.”

 

Best Quote :

Furious neighbour: ‘It’s a disgrace. She treats her womb like a clown car’

 

 

HT/Instapundit

 

 

New Study Confirms Economy Was Destroyed By Democrat Policies

 

U.S. Rep. Barney Frank (D-MA), Sen. Charles Schumer (D-NY) and Sen. Christopher Dodd (D-CT) brief the media after a meeting on Capitol Hill

Alex Wong:Getty Images

 

 

” A new study from the widely respected National Bureau of Economic Research released this week has confirmed beyond question that the left’s race-baiting attacks on the housing market (the Community Reinvestment Act–enacted under Carter, made shockingly more aggressive under Clinton) is directly responsible for imploding the housing market and destroying the economy.

The study painstakingly sorted through failed home loans that caused the housing market collapse and identified an overwhelming connection between them and CRA mortgages.

Again, let’s review:

-President Bush went to Congress repeatedly for years warning them that Fannie Mae and Freddie Mac were going to destroy the economy (17 times in 2008 alone). Democrats continuously ignored him, shut down his proposals along party lines and continued raiding the institutions for campaign contributions on their way down.”

 

  Not really news to us that pay attention , but still nice to see in print from a significant news source .

Obama’s Jobs Council Shutting Down Thursday

 

 

 

 

” President Barack Obama will let his jobs council expire this week without renewing its charter, winding down one source of input from the business community even as unemployment remains stubbornly high.

When Obama in January 2011 formed his Council on Jobs and Competitiveness, unemployment was hovering above 9 percent. Two years president later, more than 12 million people in the U.S. are out of work. The unemployment rate has improved to 7.8 percent, but both parties agree that’s still too high.

A provision in Obama’s executive order establishing the council says it sunsets on Thursday. A White House official said the president does not plan to extend it.

Officials said the president always intended for the council to fulfill its mission and then wind down, and said that Obama would continue to actively engage and seek input from business leaders about ways to accelerate job-creation and economic growth. Among the steps Obama plans to pursue are expedited permits for infrastructure projects, the White House said.”

 

Glad to know the Jobs Council has fulfilled it’s mission … whatever that was . 

It wasn’t to create jobs that’s for sure … just another re-election ploy .

Thanking GOP Governors For Saving His Bacon.

 

 

” Anyway, we knew that the economy as a whole wasn’t really recovering (by the way, it still isn’t), but that’s not what mattered then. As Vince Lombardi once said: “Winning isn’t everything. It’s the only thing.” Lombardi also didn’t believe incheating and cheating again to win — but poor Vince didn’t understand how urgent it is that I “fundamentally transform the United States of America” while I have the opportunity.

That brings me to the second group of people to whom I owe thanks. I have yet to recognize their critical role in my reelection, and I really should express my gratitude publicly for what they did. Those people are the evil Republican and conservative governors who, despite my best efforts to stop them, worked so diligently during my first term, especially the past two years, to turn around or further improve their own states’ economies.

First and foremost, there’s Rick Perry in Texas. Did you realize that employment in his state was 440,000 higher in October 2012 than it was just 22 months earlier? Despite having my Environmental Protection Agency wage regulatory war on the Lone Star State, Texas, which has 8.3 percent of the nation’s population, accounted for 12.5 percent of its job growth and had an October unemployment rate of only 6.6%. Don’t rest on your laurels, Rick. Now that I don’t have to face reelection again (unless I can do something about that pesky 22nd Amendment), you ain’t seen nothin’ yet.

Three other smaller states had job-growth records either better than or close to that seen in Texas: North Dakota, Utah, and Oklahoma, which added a combined 150,000 jobs during the same period. Collectively (I really love that word), those four states grew their combined workforces by 4.4 percent. Meanwhile, the other 46 states plus D.C. only managed to grow their employment by less than 2.1 percent. “

 

 

 

As 2d Term Looms, Obama’s Hope and Change Become Fear and Gloom

 

 

 

” Faced with the prospect of 1,478 more days of empty Obama promises and speeches, at least half of Americans have now decided that America’s best days are behind us. While whopping majorities expect this year’s economy will remain troubled. That federal deficits will continue. That crime will increase. Taxes too. Along with foreign turmoil. While America’s influence and power decline globally.

Good thing these geniuses voted to return the Chicago crowd to the White House to handle all this. Again.

The post-New Year’s Gallup survey finds that less than half the population (47%) now believes the country’s best days lie ahead. Optimism about the future of the United States has been a standard popular expectation for many years and a staple of political discourse. Remember Ronald Reagan’s “Morning in America”? But half the country is sure those days are as far gone now as Obama’s promises of 2008.

A majority of independents (55%) are convinced the best is past, while three-out-of-four Republicans agree on that gloomy outlook. (Scroll down for an effective political video capturing that sense.)

Sixty-nine percent of Democrats, however, are sure the nation’s best days lie ahead, possibly due to mental damage from previous drug use. While only 28% of Dems agree with independents and the GOP.

By a nearly two-to-one margin Americans are certain that 2013 will see 12 months of economic troubles. That seems like a pretty safe expectation since that’s what we’ve had for four years of this administration, despite $800 billion-plus in wasted economic stimulus. Call it Obama Continuity. “

 

 

 

 

OBAMACARE LAYOFFS, HIRING FREEZES BEGIN

 

 

 

” “It will have a negative impact on job creation” this year, says Mr. Zandi.

The Obamacare employer mandate doesn’t go into effect until January 1, 2014, but the government requires businesses to track worker schedules for three to 12 months in advance.  That means many employers plan to get a jump start on avoiding Obamacare’s $2,000 per-worker fine by firing workers now, reducing employee hours, or replacing full-time employees with part-time workers.

A survey by the International Franchise Association finds that 31% of franchisees say they plan to cut staff to duck under Obamacare’s 50-employer mandate.  And another study byMercer consulting firm found that half of businesses who don’t presently offer health insurance plan to reduce employee hours to avert triggering Obamacare’s penalties.”

Adios Richard … er … Lisa

‘Richard Windsor’ departure from EPA is
a victory for transparency

image

” Lisa Jackson’s forthcoming departure from
the U.S. Environmental Protection Agency is
a major victory for transparency and
accountability in Washington.
After years of whispers that EPA officials
frequently used private email addresses,
fake names and coded messages to
circumvent the Freedom of Information Act,
or FOIA, Jackson admitted recently to using
“Richard Windsor” as her chosen nom de
plume on a government email account. ”

” The EPA IG could hardly do otherwise. The
use of private or secret emails enables high
government muckety-mucks like Jackson to
hide things about which they don’t want the
rest of us to know. But we don’t need an
investigation to know officials have been
hiding bad things within the EPA for a very
long time.”

MORE YOUNG AMERICANS HOMELESS UNDER OBAMA

 

 

 

” Young voters formed the backbone of President Barack Obama’s coalition, but the recession in Obama’s economy has left “workers between the ages of 18 and 24 with the highest unemployment rate of all adults” and, as a result, a record number of young people–even those with college credits and work histories–are becoming homeless. They have been forced to live in shelters, sleep on couches, or live on the streets.

The New York Times  profiled the homeless young and concluded “those who can move back home with their parents — the so-called boomerang set — are the lucky ones,” but that is often not an option for some who have to couch surf or sleep “hidden away in cars or other private places, hoping to avoid the lasting stigma of public homelessness during what they hope will be a temporary predicament.” “

 

 

 

Courtesy Of Turbo-Tax

 

 

 

Visit The Site For Other Interesting Facts And Infographic World Creations Like These :

 

 73% Of New Jobs Created In Last 5 Months Are In

Government

 

 

 ” The United States government is propping up the dismal labor market by simply absorbing workers into its ranks. As CNS News reports, 73.3% of new civilian jobs in the last five months are due to government hiring:

In the same five-month period since June, the number of people employed by government increased by 621,000 to 20,559,000. These 621,000 new government jobs created in the last five months equal 73.3 percent of the 847,000 new jobs created overall.

Elsewhere on the employment front, the mainstream media are doing cartwheels over news that the unemployment rate ticked down from 7.9% in October to 7.7% in November. The celebration comes as 540,000 dropped out of the workforce, and the labor force participation rate dropped to 63.6%. This is slightly up from the thirty-year low of 63.5% in September.”

 … YOUTH UNEMPLOYMENT RATE HIGHEST SINCE WWII

 

 

 

 

 ” California’s overall employment rate for people aged 16-19 clocks in at just 18 percent; its high school graduation rate is a paltry 76 percent.

Young people in America are losing their future. Sadly, they don’t have enough basic education to realize that – they think that the government ought to be bigger, according to the latest polls. “

 

MIDDLE CLASS NET WORTH COLLAPSES TO 1969 LEVELS

 

 

 

 

 ” According to the study, we are now back to 1969 levels with respect to median net worth in this country. A large part of this is the housing crisis we’ve yet to recover from, which cost the middle class 18% of its net worth. The news isn’t much better with respect to median incomes, which have dropped to $26,364, setting us all the way back to 1999.

And as middle class incomes declined, the debt-load among the middle class has increased “significantly.”

In a nutshell: those of us in the middle class earn less, are worth less, and owe more. Meanwhile, during this same period of time, the wealthy increased their wealth by an unbelievable 71%.”

 

 

The sixties are back , feel the progress

Will 2013 be 1937?

 

 

 

 

 

 

” In this case, “1937” means a market drop similar to the one after the re-election of another Democratic president, Franklin D. Roosevelt, in 1936.

The drop wasn’t immediate in that case; it came in the first full year after the election. Industrial production plummeted by 34.5%. The Dow Jones Industrial Average dropped by half, from almost 200 in early 1937 to less than 100 at the end of March 1938.

It’s hard to imagine stock indexes dropping by half today, or unemployment rising past 15%, as they did in the “depression within the Depression.” But the parallels are visible enough to be worth tracing. “
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