Merriam-Webster: plu·toc·ra·cy noun \plü-?tä-kr?-s?\
1: government by the wealthy
2: a controlling class of the wealthy


U3 and U6 unemployment rates to April 2013UPDATED May 6, 2013  The economy created a a moderate number of jobs despite the unemployment dropping to the lowest in 4 years. If the pace of job growth is maintained, unemployment rates won't return to pre-recession levels until after 2019!

The number of unemployed remained  static in January the government reported today. The  U-3  unemployment edged down to  7.5% in February. The  U-6  unemployment rate  rose slightly to 13.9%. The US economy added 165,000 jobs last month. Total U-3 Unemployment was 11.7 million persons. 

The change in total nonfarm payroll employment for February was revised from +268,000 to +332,000, and the change for March was revised from +88,000 to +138,000. With these revisions, employment gains in February and March combined were 114,000 higher than previously reported. 

 

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News and Comment - No Job News


New UI Claims Graph, New and Continuing with Moving Averages to April 2013

Initial UI claims have dropped to the lowest in  5 years and moving averages for both initial and continuing claims on a  downward trend. Extended benefits are no longer available for all states and many states have restricted EUC benefits.

The number of new applications for Unemployment Insurance dropped  18,000 to 324,000 from the previous week's revised revised figure of 342,000, in the week ending 27 April 2013, the US Department of Labor  reported Thursday. Initial claims have been consistently revised upwards since the beginning of February.

Ui Claims Update

News and Comment - No Job News


tom-corbett Republican governor of PaAccording to Tom Corbett (R) explaining why Pennsylvnia ranks 49th in the nation for job creation. The state’s unemployment rate has dropped to 7.9 percent, but the “number of people working in Pennsylvania tumbled by about 14,000 in March, following a drop of 6,000 in February.” Private employment has remained flat for 13 months, “growing by a mere 1,000 jobs” and landing the state “49th in the nation for job creation during March.”

The reason why less people are working. Drugs......

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News and Comment - No Job Outrage

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Congress, what part of this don't you understand?

NoJob Story #1909: "I am 61 years old and have been out of work for 2 years. I have a BSCE in Civil Eng'g., a PE license and an MBA. I have worked and paid taxes since I was a teen. Nobody looks at my resume after seeing my age.  ..."

Contact your local Congressperson -- passionately tell them YOUR story.

Minimum Wage

Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.

And why does Germany's Manufacturers do so well?

Tax Cuts Will NOT Help The Unemployed

With corporations already awash in cash, tax cuts won’t get them to start hiring people. The Washington Post quotes Zachary Karabell, president of River Twice Research: "There's not a whole lot that you could do to entice companies to hire. You could cut taxes on them, but they're not going to hire just because they have the extra cash, because they already have the extra cash."

BLS Jobless Numbers

  • 12.3 million - unemployed,
  • 14.4%(U6) - out of work,
  • 4.7 million (40%) 6 months or longer,
  • 8.0 million "involuntary" partime workers,
  • Over 4 million for a year, (WSJ)
  • 2.0  million over 99 weeks, the 99ers!
  • 4.7 jobless for every job. EPI

~ U.S. January 2013 -Bureau Labor Statistics

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