Tag: jobs

What Just Happened in the Rose Garden?

 

Earlier today, President Trump commented about a planned infrastructure meeting that he just left with Speaker Pelosi and Senator Schumer. This was followed by Pelosi and Schumer describing how the President left the meeting without the discussion on infrastructure even taking place. They were ready to present a 35-page plan and said the President just shut it down. They went on to describe how he “ran away” from the meeting.

Apparently, the President asked them to stop the constant harassment and re-investigation (of the Mueller Report) and threats of impeachment (of which there is no basis) so they can sit down and work together amicably. Is this unreasonable? Is it not insane to constantly backstab, threaten, and investigate, then expect to come into a meeting all smiles and get anything done? Would the meeting on infrastructure have gone well, had the Democrats accepted the two years of investigation that cost us, the American taxpayers, $35 to 40 million (and I think we’re still counting) several weeks ago when it was released?

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Jim Geraghty of National Review and Greg Corombos of Radio America cheer a much stronger than expected April unemployment report, showing the addition of 263,000 jobs and the lowest unemployment rate since December 1969. They also react to a New York Times report detailing how a second person tried to get George Papadopoulos to admit […]

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Jim Geraghty of National Review and Greg Corombos of Radio America are happy to see Vice President Pence laud our NATO partners for contributing more to the common defense and building greater cohesion while also calling out Turkey for its troubling embrace of Russia and a more Islamist outlook on the world. They also welcome […]

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http://www.bbc.com/capital/story/20180806-how-hidden-bias-can-stop-you-getting-a-job I was just reading the BBC essay above, on problems encountered in the hiring process, and how employers can further eliminate their hidden biases. Some of it was probably helpful but one sentence jumped out at me: More

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Jim Geraghty of National Review and Greg Corombos of Radio America are thrilled to see over 300,000 jobs created in January, easily surpassing expectations. They also smack Virginia Sen. Tim Kaine for the wimpiest possible opposition to the controversial abortion bill in Virginia and break down the logical problem in Kaine’s official position that he’s […]

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Jim Geraghty of National Review and Greg Corombos of Radio America embark on the second half of their six-episode saga known as the 2018 Three Martini Lunch Awards. Today, Jim and Greg offer up their selections for the best political idea, worst political idea, and boldest political tactics for 2018. More

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Veneration and Vulnerability: Suicide in the Midst of Prosperity

 

Man does not live by bread alone. As bread was being earned at a record clip, and more people got off the dole, more people in their prime years cut their own lives short. Reflecting back on the U.S. military’s Herculean effort to end suicide in the service, an unwon battle, I am painfully aware there is no clear solution, no magic pill or words. And. I wonder if our changing societal habits and beliefs make vulnerable people more vulnerable.

2017 brought unbroken good economic news, and not just for stockholders. President Trump repeated at every occasion the good news for everyone, including demographic groups who had been lagging in employment. Wages started to rise. And in the midst of all this, the suicide rate increased to a 50-year peak.

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Don’t Like the Left’s ‘Jobs Guarantee’ Idea? Well, the Right Is Cooking Up One of Its Own

 

In a Wall Street Journal op-ed, researcher Max Gulker offers a harsh critique of a “federal jobs guarantee.” Example: “Temporarily unemployed workers, along with millions of low-paid workers, would be diverted into a complex bureaucracy with no mechanism or incentive to put the workers’ skills and time to their best use.”

Oh, the idea has problems, such as the possibility of these permanent government gigs possibly crowding out existing jobs. (That and many other problematic issues are discussed in an excellent blog post by economist Timothy Taylor.) Still, some folks on the right are cooking up their own idea of a jobs guarantee. In the new book “The Once and Future Worker: A Vision for the Renewal of Work in America,” former Mitt Romney policy adviser Oren Cass argues for what he calls the “worker hypothesis.” This is the idea, Cass writes, that an American labor market “in which workers can support strong families and communities is the central determinant of long-term prosperity and should be the central focus of public policy.”

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Nicole Gelinas joins Howard Husock to discuss the resolution of Amazon’s year-long “HQ2” competition. This week, the Internet giant announced that it would open new offices in Crystal City, Virginia—near Washington, D.C.—and New York’s own Long Island City, Queens. Located just across the East River from midtown Manhattan, Long Island City had struggled for years as a post-industrial neighborhood until the early 2000s, when rezoning allowed the […]

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Jim Geraghty of National Review and Greg Corombos of Radio America cheer a robust October jobs report, which shows 250,000 new jobs last month, rising wages, and job growth in every sector. They also wince as Ainsley Earhardt of “Fox and Friends” says all President Trump wants from the press is to “be accurate and […]

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The Last Time Unemployment Got This Low, the Economy Got Weird

 

The US unemployment rate fell to 3.7 percent in September, the lowest rate since December 1969. That’s even lower than the jobless rate during the 1990s internet and productivity boom. Other bits of good news in the report include decent monthly job growth of 134,000 — probably a depressed number because of Hurricane Florence. With upward revisions to the previous two reports, job gains have averaged 190,000 per month over the past three months. Such gains are consistent with “steady declines in the unemployment rate and solid increases in aggregate household income,” according to Barclays. There was also a 0.3 percent gain in average hourly earnings, a tick higher employment rate, and a 420,000 rise in the household measure of employment easily outpaces a 150,000 rise in the labor force.

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Jim Geraghty of National Review and Greg Corombos of Radio America celebrate the booming economy that hit second quarter growth of 4.1 percent. They also notice the Democrats want to institute five years of jail time for spreading false information about elections dates and locations. And they see that Michael Avenatti was invited to speak […]

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Jim Geraghty of National Review and Greg Corombos of Radio America give credit to Senate Majority Leader Mitch McConnell for countering Democratic demands for a million pages of documents on Supreme Court nominee Brett Kavanaugh by suggesting the Senate vote on him may come just days before the election. They also mourn the impending loss […]

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Jim Geraghty of National Review and Greg Corombos of Radio America appreciate the June jobs report that shows more people entering the work force, a slight uptick in wages, and 213,000 new jobs. They also bid a bitter farewell to EPA Director Scott Pruitt’s excellent conservative policies but happily watch his self-aggrandizing attitude exit the […]

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It’s Great Disability Rolls Are Finally Shrinking, But the System Still Needs Pro-Work Reform

 

Have Americans gotten way healthier over the past several years? Seems dubious. But the US economy sure has strengthened. And America’s hot job market seems to be finally draining a reservoir of hidden slack: disability rolls. The New York Times notes the number of Americans receiving Social Security disability benefits has declined to 8.63 million from a September 2014 peak of 8.96 million.

Now there might be other things going on as well, such as the big expansion of Medicaid and the Social Security Administration tightening the approval process for benefits. But as interesting as all these numbers are, more compelling is the story of Christian Borrero, told at the end of the Times piece. Born with cerebral palsy, Borrero until 2015 received disability benefits as he worked at a part-time job answering phones. The salary was low enough that he still qualified for benefits.

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$10,000 Is Not Nearly Enough to Compensate for Living in Vermont

 

(I’m posting this from the Josiah Bartlett Center for Public Policy’s weekly email newsletter, which you can get for free each Friday by signing up here: https://www.jbartlett.org/about-us/email-sign-up)

Moonlighting in Vermont

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For First Time Ever, US Has More Job Openings Than Unemployed Workers

 

While the DC press corps worries whether Trump was booed at a White House event and curates elaborate conspiracy theories about Melania, a slightly more important story isn’t getting enough pixels. The economy is doing so well that, for the first time ever, there are now more job openings in the US than unemployed Americans:

With employers struggling to fill openings, the number of available jobs in April rose 1 percent to 6.7 million from 6.6 million in March, the Labor Department said Tuesday. That’s the most since records began in December 2000.

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Jobs Are Booming, and Democrats Are Puzzled

 

Is it overstating things to say the US economy is, well, booming? After all, the May jobs report was pretty impressive, including a) 223,000 new jobs, b) an uptick in average hourly earnings growth to 2.7% from a year ago, c) a downtick in the jobless rate to 3.8% — at 3.755% unrounded, the lowest since 1969 — and d) a two-tenths decline in the U6 underemployment to 7.6% — its lowest level since 2001. JPMorgan economist Michael Feroli titled his Jobs Friday report this way (while alluding to President Trump’s controversial pre-report tweet): “The secret’s out: job growth is booming.” And some economists think a jobless rate with a two-handle is hardly out of the question.

True, overall economic growth is still stuck in Two Percentland. That’s the other, less-encouraging two-handle. But maybe not for much longer. GDP estimates for the second quarter are rising across Wall Street, and this report may boost that momentum. “Nearly all aspects of this report were positive and consistent with solid growth of wage-and-salary income in the second quarter,” notes the IHS Markit econ team. “The details in this report added one-tenth to our forecast of Q2 GDP growth, which now stands at 4.1%.”

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Jim Geraghty of National Review and Greg Corombos of Radio America toast better-than-expected unemployment numbers, the best in 18 years. They also lambaste Virginia Republicans for rolling over and approving the Obamacare Medicaid expansion they claimed to oppose for years. And they dig through more eye-opening posts from Joy Reid’s supposedly hacked blog, including her likening […]

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The New Battle in Seattle: Don’t Blame Amazon for the City’s Housing Woes

 

Seattle has decided to be a last-minute entrant into the competition for Amazon’s HQ2. But while most cities — such as Boston and Washington — are trying to land the retailing giant’s second headquarters, Seattle is doing its best to make Amazon reconsider the importance of its current home base. The company “will continue to evaluate its long-term plans for Seattle after the City Council passed a bill to tax large businesses to fund homelessness services,” according to the Seattle Times. Recall that when a larger tax was being considered, Amazon had halted planning one new office building and was considering subleasing the office space on another that’s under construction.

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