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03

May

The U.S. economy added 165,000 jobs in April and overall unemployment dropped to 7.5 percent. The private sector added 176,000 jobs while spending cuts caused the public sector to lose 11,000 jobs. MSNBC’s Rachel Maddow notes that February’s record setting growth came after January’s tax hikes, but before the sequester which is now limiting growth due to congressional inaction.
Pictured: Private Sector Job Growth 2008-Present

The U.S. economy added 165,000 jobs in April and overall unemployment dropped to 7.5 percent. The private sector added 176,000 jobs while spending cuts caused the public sector to lose 11,000 jobs. MSNBC’s Rachel Maddow notes that February’s record setting growth came after January’s tax hikes, but before the sequester which is now limiting growth due to congressional inaction.

Pictured: Private Sector Job Growth 2008-Present

16

Nov

The Bible talks about not judging others. If the governor wants to sit in judgment, then we’re going to judge everybody by the same standard… He’s the largest recipient of government subsidies in the state of Texas. His subsidy for his mansion is no different from someone else’s Section 8 voucher.
Texas State Representative Trey Martinez Fischer (D-San Antonio) in response to Governor Rick Perry’s plan to drug test Texans seeking unemployment insurance.

(Source: The Huffington Post)

10

Jul

Without GOP, Unemployment Would be Under 6% | AlterNet

The GOP has been on an economic wrecking mission ever since the election of Barack Obama - indeed we now know that leading Republican strategists and legislators met and planned a course of economic sabotage and complete obstruction on Obama’s very first day in office.

This obstruction has had a huge price - a deliberate price that the GOP is betting the American people will blame on President Obama. GOP obstruction did not prevent the passage of ARRA - the American Recovery and Reinvestment Act - popularly know as “The Stimulus” bill of 2009 during the height of the economic disaster as the economy was falling off a cliff - the non-partisan Congressional Budget Office estimates that ARRA has saved up to 3 million jobs. But nearly every economic measure since then has been blocked by GOP obstruction, filibusters and brinksmanship.

(Source: sarahlee310)

19

Feb

Trade unions organised mass protests across Spain in response to labour reforms announced by the country’s new centre-right government. The largest was in Puerto del Sol in central Madrid. The new laws are aimed at making it easier to lay- off workers and will reduce average salaries.

One man said: “I think it’s a way of taking jobs from parents, giving them to their children but for only half the salary.”

At 5.2 million unemployment in Spain stands at nearly 23 per cent and is nearly 50 per cent among young people. (more)

16

Feb

The number of people seeking unemployment benefits in the U.S. fell to the lowest point in almost four years last week, the latest signal that the job market is steadily improving.

Weekly applications for unemployment benefits dropped 13,000 to a seasonally adjusted 348,000, the Labor Department said Thursday. It was the fourth drop in five weeks and the fewest number of claims since March 2008 - six months before Lehman Brothers collapsed and only a few months into the Great Recession.

The four-week average, which smooths out fluctuations in the weekly data, fell for the fifth straight week to 365,250. The average has fallen nearly 13 percent in the past year.

The consistent decline indicates that companies are laying off fewer workers, and hiring is likely picking up further. When applications drop below 375,000, it usually signals that hiring is strong enough to lower the unemployment rate.

15

Feb

29

Nov

08

Nov

newshour:

Our understanding of what poverty looks like in the United States is changing as distant suburbs and many rural areas saw much steeper jumps in poverty than big cities, Patchwork Nation writes.

newshour:

Our understanding of what poverty looks like in the United States is changing as distant suburbs and many rural areas saw much steeper jumps in poverty than big cities, Patchwork Nation writes.

07

Oct

Eric Cantor is concerned about #OccupyWallStreet & #99percent "mobs" pitting "Americans against Americans"

underthemountainbunker:

“I for one am increasingly concerned about the growing mobs occupying Wall Street and the other cities across the country… Believe it or not, some in this town have actually condoned the pitting of Americans against Americans.” Eric Cantor, Teaparty House Leader, Oct. 7, 2011

Because the Teaparty has never, never — no, never evah pitted Americans against Americans! *clutching pearls*

Images from Buzzfeed: What teabaggers signs say vs. what they mean:

Message to Cantor and the Teaparty: There is nothing comparable to the Teaparty’s “pitting of Americans against Americans” in the #OccupyWallStreet movement. Not only do both sides NOT do it, but #99percent actually INCLUDES the dipshits with the signs above.

Breaking News from CNN: The U.S. economy beat forecasts and gained 103,000 jobs in September, while the unemployment rate held steady at 9.1%.