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February 4, 2014

New CBO report more than doubles projected ACA job losses

  • 800K jobs were expected to disappear from the U.S. economy by 2021, as a direct result of the Patient Protection and Affordable Care Act, according to original estimates from the non-partisan Congressional Budget Office.
  • 2M jobs will actually disappear, most of which will be low-wage positions, according to revised projections from the CBO that were released on Tuesday. The new report takes into account a number of potential circumstances that the original report did not deal with, including the likelihood some people will choose unemployment and Medicaid instead of a job with reduced wages. source
14:01 // 2 months ago
December 27, 2013
17:05 // 3 months ago
December 16, 2013
9:04 // 4 months ago
December 15, 2013
12:26 // 4 months ago
December 6, 2013

Unemployment at five-year low

  • 7.0 percent unemployment in November, per the latest jobs numbers. That’s the lowest unemployment rate since November 2008. Some of the positive aspects in the report owed in part to the re-opening of the government after the shutdown in October, but others — a healthy hiring rate, higher wages and more hours for workers — imply that the economy is, at the very least, not getting worse. source
19:23 // 4 months ago
November 4, 2013
14:46 // 5 months ago
October 2, 2013

ADP warns of “softening” jobs recovery alongside September numbers

  • 166k jobs were added across the United States during September, the vast majority of which were service industry positions, according to the latest report from ADP. The payroll organization also adjusted their original August growth number, revealing the country actually added 159,000 jobs during the 31-day period, instead of the 176,000 originally reported last month. source
14:43 // 6 months ago
August 16, 2013

In honor of the new Steve Jobs movie, here’s a spot-on Microsoft parody, called “Gates.”

17:33 // 8 months ago
August 6, 2013

cnbc:

Ashton Kutcher takes the New York Stock Exchange by storm.

Steve Jobs would scoff at this.

14:47 // 8 months ago
July 6, 2013

Job growth revised upwards for month of June

  • 195k net jobs created in June, well above the initial estimate of 165,000. April and May’s jobs estimates were revised upwards as well, an additional 70,000 new jobs over the two months.
  • 7.6%unemployment rate, according to the Labor Department — unchanged since the revisions. source
20:14 // 9 months ago