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May 3, 2011
Stay in school and you’re much, much more likely to get a job
This is why they tell you to stay in school, kids. Seriously, look at that discrepancy! Of course, the usual causation-correlation disclaimer is in effect here; maybe the kids who graduated college were the ones naturally more predisposed to keeping a job anyway? Nevertheless, this should give pause to any high schoolers considering dropping out. (source: Federal Reserve Bank of St. Louis) source
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This is why they tell you to stay in school, kids. Seriously, look at that discrepancy! Of course, the usual causation-correlation disclaimer is in effect here; maybe the kids who graduated college were the ones naturally more predisposed to keeping a job anyway? Nevertheless, this should give pause to any high schoolers considering dropping out. (source: Federal Reserve Bank of St. Louis) source

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1:29 // 3 years ago
April 18, 2011

Question: What company wants to hire a lot of people, stat?

  • 50,000 new jobs, but there’s a catch source
21:12 // 3 years ago
March 10, 2011

Congress continues working the budget layaway circuit

  • two number of weeks the government gave itself to figure out a budget plan by putting one on layaway
  • zero number of spending resolutions that passed both chambers of Congress in that two-week period
  • three number of weeks the government will likely put a new budget on layaway to prevent a shutdown source

» Oh yeah: The next temporary deal could include restrictions that limit how and when the budget can be used – such as, for example, no money spent on the new health care law. Hrm.

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20:17 // 3 years ago
March 4, 2011

More on the unemployment figures: Who wants a job, anyway?

  • 6.4 million people not counted in the “labor force” want jobs now
  • 8.9% the percentage of people the U.S. government says are unemployed, according to traditional figures which have been caressed with great care to look as good as possible
  • 12.6% the percentage of people who the government says want a job, but are unable to get one – a number that includes, but extends BEYOND the unemployed source
20:26 // 3 years ago
March 3, 2011

Unemployment: Jobless claims numbers hit three-year low

  • 362,000 the number of new jobless claims – down 20,000 from the week before and overall fairly low
  • May ’08 the last time the numbers were lower than this – with suggests a positive downward trend source
10:19 // 3 years ago
February 28, 2011

Will John Boehner’s “put the budget on layaway” plan stick?

  • issue Obama and the GOP are at a stalemate with the budget, and there’s a real danger the government might shut down later this week. Great.
  • stopgap As a way to prevent that from happening, House Speaker John Boehner came up with an offer to put the government on layaway for two weeks.
  • problem The sticking point? Obama wants a full month. Boehner may not be willing to put the budget on layaway for nearly that long. source
21:32 // 3 years ago

Bailouts: Remember TARP? It’s almost entirely recouped, kids.

  • $700B the amount the U.S. spent on the Troubled Asset Relief Program back in 2008
  • $341B the amount it looked like taxpayers were going to lose on the bailout deal back in mid-2009
  • $25B the amount it looks like we’ll lose on TARP; this is because we gave the money to banks source

» Not all is rosy in Bailoutville: One of the biggest issues we still face are the dual sinkholes of Fannie Mae and Freddie Mac, which have reportedly cost taxpayers $150 billion and we like to think of as dual sinkholes. And some legislators feel that the effect has set us up for having to bail out unsuccessful companies in the future.

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10:11 // 3 years ago
February 7, 2011

Why you’re paying less in taxes than you were two years ago

  • 13% drop in income tax payments since Bush’s last year in office
  • 33% decrease in taxes paid by corporations since 2008; that’s a big drop
  • 1950 the last time taxes (as a percentage of the entire US economy) were this low source

» But don’t get too excited. While lower taxes may sound nice on paper, the real reason for this drop isn’t as much due to policy changes as it is the recession. See, people (and corporations) are making a whole lot less money than they were a few years ago; hence, they’re paying less in taxes. And that sucks for just about everybody involved. However, Senator Kent Conrad of North Dakota places a lot of the blame on our nation’s tax code itself, calling it a “simply indefensible” policy that’s “hemorrhaging revenue.” Still, our primary focus should probably be on pulling our economy out of the toilet. Then we can fix the tax code.

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22:16 // 3 years ago
February 4, 2011

Unemployment rate: How did it fall with such low job creation?

  • 36,000new jobs in January (really freaking low)
  • 9.8% November’s really high unemployment rate
  • 9.4% December’s falling unemployment rate
  • 9.0% January’s rate; how did it dip so far? source

» Explaining exactly what happened: We’ve seen three perfectly valid arguments for why this disparity between slow job growth and deep unemployment decline took place. The first is pointed out by a Gallup chart that shows that non-seasonally-adjusted unemployment is actually at 9.8 percent – suggesting seasonal adjustment is skewing the numbers. The second suggested reason is much more sinister-sounding: Unemployment benefits for so-called 99ers are starting to run out, and they aren’t looking for jobs, meaning that they are no longer covered as part of the total amount. Finally, the weather sucked in January, with snow covering most of the country, so that could be a possible explanation too. So, which one is the case, anyway?

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14:19 // 3 years ago
January 27, 2011

Something else to blame on the snow: Crappy job numbers

  • 51,000 the increase in new jobless claims last week, blamed partly on snow
  • 454,000 last week’s jobless claims level – the highest it’s been since October source
11:04 // 3 years ago