🚨BREAKING: Elon Musk just announced DOGE has found 100,000 federal workers who committed FRAUD by applying for and got unemployment benefits while they WORKED!
— Bo Loudon (@BoLoudon) May 5, 2025
We're so blessed to have @ElonMusk! pic.twitter.com/nha25sNkhQ
Dear Friends,
"Gas is up 50 cents per gallon, 50,000 jobs and women's sports were destroyed with the stroke of a pen and this is Biden's 1st 2 weeks in office. Thanks a lot, dumbass Biden voters." - Howard Notelling, the Bluegrass Pundit.
Far-left CNN announced Monday that more than 100 jobs have been axed at the ratings-challenged cable network.
These job cuts are being spun by Brian Stelter, CNN’s left-wing media reporter (who regularly spreads fake news and conspiracy theories), as “no layoffs” but rather “voluntary buyouts throughout the organization, and about 100 people opted for it.”
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| Above, this is what the L.A. minimum wage hike brought. Photo by Armand Vaquer. |
It brings me no joy to write these words. The push for a $15 starter wage has negatively impacted the career prospects of employees who were just getting started in the workforce while extinguishing the businesses that employed them. I wish it were not so. But it’s important to document these consequences, lest policymakers elsewhere decide that the $15 movement is worth embracing.
Let’s start with automation. In 2013, when the Fight for $15 was still in its growth stage, I and others warned that union demands for a much higher minimum wage would force businesses with small profit margins to replace full-service employees with costly investments in self-service alternatives. At the time, labor groups accused business owners of crying wolf. It turns out the wolf was real.
Earlier this month, McDonald’s announced the nationwide roll-out of touchscreen self-service kiosks. In a video the company released to showcase the new customer experience, it’s striking to see employees who once would have managed a cash register now reduced to monitoring a customer’s choices at an iPad-style kiosk.Los Angeles raised its minimum wage last July 1.
Los Angeles, Washington D.C., Maryland, and Oregon will raise their respective minimum wages on July 1 as part of ballot measures previously approved by voters.
The wages in LA will rise from $10.50 to $12, with exceptions for companies employing 25 workers or fewer.
This hourly rate still falls below the cost of living in the county for a single adult, according to MIT’s living wage calculator. If the cost of living remains the same in the LA metro area, the minimum wage will catch up by 2020 under the current legislation.
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| Above, the liar-in-chief. |
Jim Clifton, Chairman and CEO of Gallup, in an article on Tuesday titled, “The Big Lie: 5.6% Unemployment,” says that the official unemployment number released by the government is basically a bogus number:
"Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.
Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.
None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed."To read more, go here.
HONG KONG: Asian markets mostly rose on Monday despite a worse-than-expected jobs report from the United States that could lead the Federal Reserve to hold off any fresh cuts to its stimulus programme.To read more, go here.
The dollar faced further selling pressure in early exchanges after tumbling on Friday in response to the official employment figures.
The Labor Department said Friday the US economy added just 74,000 jobs in December, well below the 197,000 expected by analysts.
The dollar sank on the report Friday. The euro hit $1.3666 from $1.3606 prior to the jobs figures, while greenback slipped to 104.15 yen from 104.79 yen.
And on Monday the US unit slipped further -- the euro buying $1.3670 and the dollar at 103.40 yen.
At 5 p.m., the dollar was quoted at 96.58-60 yen, still sharply down from 99.26-26 yen at the same time Thursday. The euro stood at 1 dollars.3245-3247, up from 1 dollars.3117-3119, and at 127.93-96 yen, down from 130.21-24 yen.
The dollar-bearish mood continued into Tokyo trading Friday morning after the greenback broke the 96 yen line temporarily in New York on Thursday, traders said.
The overseas rout resulted from panic selling of dollars for yen amid jitters over U.S. jobs data for May to be announced by the U.S. Labor Department on Friday, the traders said.The U.S. jobs report showed that only 175,000 jobs were created in May and unemployment rose to 7.6% from 7.5%. The bulk of the jobs created were paying below-average wages. Not exactly what we need to improve the economy. (Source: Bloomberg.)
The gloomy news continued for jobs as ADP reported Wednesday that private companies created just 119,000 new positions in April.
That was well below expectations and confirmation that the labor market is slowing heading into late spring and early summer.
Economists surveyed by Reuters expected the ADP report to show the private sector created 150,000 jobs in April, down from 158,000 in March.Many workers are getting their hours cut by employers so they won't have to comply with ObamaCare.
Most will feel the first fiscal sting in their January paychecks. Starting today, a 2-percentage-point payroll tax holiday expires. That means workers will have 6.2 percent of their wages withheld to pay for Social Security, up from 4.2 percent over the past two years. For households earning $50,000, they will have to pay $1,000 more in taxes in 2013. Despite both Democrats and Republicans saying they don’t want to tax the middle class, this holiday is unlikely to be extended.\
Read more: http://www.foxnews.com/politics/2013/01/01/congress-misses-fiscal-crisis-deadline-amid-ongoing-talks-so-what-does-it-mean/#ixzz2GkLGNNqr
As Twitchy has reported, large companies are contemplating hiring freezes and cuts in workers’ hours. Small business owners, and employees, have reported massive reductions in hours necessitated by the business-crushing cost of mandatory insurance coverage for people working over 30 hours per week. Part-time is the new normal.
Small business owners on Twitter have talked about the heartbreak of having to lay off employees. Now, many are reporting that they will not be hiring new employees for the foreseeable future. The layoff bomb has resulted in a hiring freeze avalanche.
Welch Allyn
Welch Allyn, a company that manufactures medical diagnostic equipment in central New York, announced in September that they would be laying off 275 employees, or roughly 10% of their workforce over the next three years. One of the major reasons discussed for the layoffs was a proactive response to the Medical Device Tax mandated by the new healthcare law.
Dana Holding Corp.
As recently as a week ago, a global auto parts manufacturing company in Ohio known as Dana Holding Corp., warned their employees of potential layoffs, citing "$24 million over the next six years in additional U.S. health care expenses". After laying off several white collar staffers, company insiders have hinted at more to come. The company will have to cover the additional $24 million cost somehow, which will likely equate to numerous cuts in their current workforce of 25,500 worldwide.
Stryker
One of the biggest medical device manufacturers in the world, Stryker will close their facility in Orchard Park, New York, eliminating 96 jobs in December. Worse, they plan on countering the medical device tax in Obamacare by slashing 5% of their global workforce - an estimated 1,170 positions.
Boston Scientific
In October of 2009, Boston Scientific CEO Ray Elliott, warned that proposed taxes in the health care reform bill could "lead to significant job losses" for his company. Nearly two years later, Elliott announced that the company would be cutting anywhere between 1,200 and 1,400 jobs, while simultaneously shifting investments and workers overseas - to China.
Medtronic
In March of 2010, medical device maker Medtronic warned that Obamacare taxes could result in a reduction of precisely 1,000 jobs. That plan became reality when the company cut 500 positions over the summer, with another 500 set for the end of 2013.
Smith & Nephew - 770 layoffs
Abbott Labs - 700 layoffs
Covidien - 595 layoffs
Kinetic Concepts - 427 layoffs
St. Jude Medical - 300 layoffs
Hill Rom - 200 layoffs
Beyond the complete elimination of a significant number of American jobs is another looming problem created by the health care law - a shift from full-time to part-time workers.
Read more: PICKET: Companies plan massive layoffs as Obamacare becomes reality - Washington Times http://www.washingtontimes.com/blog/watercooler/2012/nov/8/picket-companies-plan-massive-layoffs-obamacare-be/#ixzz2BkUYlaQmFollow us: @washtimes on Twitter
That said, Romney made a good choice — a great choice in fact. It was a real indication to grassroots America that the Romney camp is willing to finally engage on the big issues that matter most in this election. It’s not quite enough to say that Obama has failed, we know that. Incumbent presidents should not win reelection with persistent unemployment over 8 percent and a staggering $16 trillion in debt. Clearly Obama needs to be fired. But what are you, the Republicans, actually for?
(CNSNews.com) - There were 195,000 fewer people employed in the United States in July than in June, according to the Bureau of Labor Statistics, as the national unemployment rate ticked up from 8.2 percent to 8.3 percent.
Meanwhile, 150,000 people simply dropped out of the labor force during the month and did not seek to find a job.Small wonder Obama is trying to divert attention to Mitt Romney's tax returns. This isn't a record of accomplishment to run on.
U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is struggling three years after the recession ended.
The Labor Department said Friday that the unemployment rate was unchanged at 8.2 percent.
Tokyo, June 4 (Jiji Press)--The dollar fell to levels around 78 yen in Tokyo trading Monday following dismal U.S. jobs data, but the downside was supported by growing wariness over possible yen-selling intervention by Japanese authorities.How's that "hope and change" working out for you?
Private sector added 133,000 jobs in May, according to ADP, fewer than the 150,000 expected by economists. (Source: Wall Street Journal)
Private sector adds 133k jobs in May, ADP reports. Forecast was for 148k gain. (Source: Fox Business News)
2nd read on U.S. GDP shows economy grew at annualized rate of 1.9% in 1Q. Matching forecast, but slower than 1st estimate of 2.2%. (Source: Fox Business News)And, the Rasmussen Poll shows that 59% say U.S. currently in a recession. Forward, indeed.
