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US Unemployment Rate Drops To 6.3 Percent As 49,000 Jobs Added In January

US Unemployment Rate Drops To 6.3 Percent As 49,000 Jobs Added In January

January saw the United States add 49,000 jobs as the unemployment rate dropped to 6.3 percent, as reported by Yahoo! Finance. This signals a 0.4 percent drop in the rate, according to the Labor Department. Friday’s release of data reveals that the economy appears to once again be heading toward recovery after jobs declined in […]

3y ago

Senate Heads To Week Long Recess Without Voting On COVID-19 Relief Or Paycheck Protection

Senate Heads To Week Long Recess Without Voting On COVID-19 Relief Or Paycheck Protection

The Senate adjourned for a week of recess in honor of Memorial Day on Thursday evening, while two paycheck-related pieces of legislation were still unresolved, according to The Hill. Both the Paycheck Protection Program and the HEROES Act were waiting for debate when the senators’ time expired on Thursday. The Paycheck Protection Program was one […]

4y ago

Donald Trump Lashes Out At Media After Disappointing August Jobs Report Released

Donald Trump Lashes Out At Media After Disappointing August Jobs Report Released

The U.S. economy only added 130,000 jobs in August, further exacerbating worries that the economy may be facing a recession. In response, President Donald Trump tweeted Thursday morning that the economy was in good shape, but that the “fake news” was trying to stoke fears of a slowing economy. Experts speculate the president’s ongoing trade […]

5y ago

Trump Makes False GDP Claim, Reports ‘Fox Business’

Trump Makes False GDP Claim, Reports ‘Fox Business’

Donald Trump has been on Twitter again. This time to tout his economic success, with the GDP growth rate hitting 4.2 percent for the last quarter and topping the unemployment rate of 3.9 percent, something Trump claimed “for the first time in 100 years.” However, Fox Business reports this as false. While the numbers cited […]

6y ago

Jobs And Wages Both Increase, Says August Jobs Report

Jobs And Wages Both Increase, Says August Jobs Report

The U.S Department of Labor’s August report revealed 201,000 jobs and an average wage increase of 2.9 percent reports CNN. Both figures are above what analysts predicted, although in the case of the jobs, that is only a slight increase. The growth in the number of jobs in the country continues a strong run in […]

6y ago

Americans Reveal Surprising Feelings About The Job Market In New Poll

Americans Reveal Surprising Feelings About The Job Market In New Poll

Americans appear to be extremely optimistic about the ability to find quality employment like never before, according to the Gallup polling organization. In reaching this conclusion, Gallup conducted telephone interviews (70 percent of whom were cell phone respondents) with a random sample of about 1,000 U.S. adults. In the just-released data which has a stated […]

6y ago

BET Founder Robert Johnson Weighs In On The Trump Economy [Video]

BET Founder Robert Johnson Weighs In On The Trump Economy [Video]

Black Entertainment Television co-founder and entrepreneur Robert L. Johnson discussed the U.S. economy today on the CNBC show Squawk Box. Johnson is said to be the first African-American billionaire after selling the BET cable network, which launched in 1980, to Viacom in 2001. Johnson stayed on as BET CEO through 2006. Johnson currently serves as […]

6y ago

Over 300,000 New Jobs Created Since President Trump Took Office, Tax Cuts And Deregulation Keys To Growth

Over 300,000 New Jobs Created Since President Trump Took Office, Tax Cuts And Deregulation Keys To Growth

Ever since President Donald Trump took office, approximately 3 million U.S. jobs have been created. In February alone, nearly 313,000 new jobs were added, beating original estimates by over 100,000. As reported by Breitbart, White House Press Secretary Sarah Sanders announced the latest job statistics during a Friday press conference. The impressive figures were followed […]

6y ago

Unemployment Rate Drops To 4.1 Percent As U.S. Adds 200,000 Jobs In January

Unemployment Rate Drops To 4.1 Percent As U.S. Adds 200,000 Jobs In January

Unemployment is down to a 17-year low of 4.1 percent as the U.S. economy added 200,000 jobs in January, smashing forecasts that expected a significantly smaller net jobs increase, Business Insider is reporting. 200,000 Net New Jobs Added The economy added a net 200,000 non-farm jobs in January. That is, the number of jobs added […]

6y ago

U.S. Unemployment Claims Highest In Two Years, Underlying Trend Boosted By Hurricane

U.S. Unemployment Claims Highest In Two Years, Underlying Trend Boosted By Hurricane

Americans are filing for unemployment benefits and Hurricane Harvey just lifted the U.S jobless claims to its highest level in two years. The hurricane only served to boost an underlying trend consistent with a firming jobs market, when a surge of unemployment applications were received in Texas amid the Hurricane Harvey crisis. Reuters reports that […]

7y ago

Obama Unemployment Reality: Number Of Americans Not Working At Record High

Obama Unemployment Reality: Number Of Americans Not Working At Record High

The Obama unemployment rate is at 4.7 percent as of the end of December 2016, which is a few points below the rate he started with in 2009 of over seven percent and much lower than the all-time high during his presidency of 10 percent. The Obama unemployment rate, by most accounts, paints the picture […]

8y ago

Trump’s Treasury Pick Has Odd ‘Gold Standard’ And Federal Reserve Ideals

Trump’s Treasury Pick Has Odd ‘Gold Standard’ And Federal Reserve Ideals

Does Donald Trump want to get rid of the central banking system that keeps big banks honest and potentially replace it with an impossible system called the “gold standard”? Right now, according to a December 2 report from IB Times, there are hopes that the Federal Reserve will adjust the dollar because Donald Trump getting […]

8y ago

Greyhound Racing Banned In Argentina, But One Politician Calls Decision ‘Fascist’

Greyhound Racing Banned In Argentina, But One Politician Calls Decision ‘Fascist’

Argentina has banned greyhound racing, or carreras de galgos, with a new bill that was able to achieve relative unity in the deeply divided country’s Congress. On Thursday, Argentina’s lower house voted 132-17 to approve the bill which will put an end to greyhound racing in the country. The measure found near-universal support in the […]

8y ago

AI Robots To Take 6 Percent Of American Jobs By 2021: Should Donald Trump, Hillary Clinton Debate A Universal Basic Income Policy Plan Now?

AI Robots To Take 6 Percent Of American Jobs By 2021: Should Donald Trump, Hillary Clinton Debate A Universal Basic Income Policy Plan Now?

Robots driven by advanced artificial intelligence (AI) algorithms are expected to take about 6 percent of American jobs by 2021. With such level of automation, many U.S. citizens will find themselves unemployed. Perhaps it might be the right time to reignite the debate about Universal Basic Income Policy Plan, which assures a certain sum of […]

8y ago

Mike Rowe Warns Millennial Graduates: ‘Never Follow Your Passion’ [Video]

Mike Rowe Warns Millennial Graduates: ‘Never Follow Your Passion’ [Video]

Mike Rowe had some harsh advice for millennial students and graduates in a recently released Prager University video. According to the former Dirty Jobs host, passion has very little to do with success. In fact, Rowe suggests that you should “never follow your passion” when it comes to looking for work. “The dirty truth, which […]

8y ago

Unemployment Drops To 4.9 Percent As U.S. Economy Adds 242,000 Jobs In February

Unemployment Drops To 4.9 Percent As U.S. Economy Adds 242,000 Jobs In February

The unemployment rate in the United States stayed steady at 4.9 percent, an eight-year low while the nation added 242,000 new jobs in February. The resilient American job market relished another solid month mostly driven by retailers, health care providers, and restaurants. The latest data out from the Bureau of Labor Statistics on Friday has […]

8y ago

Thousands Of Jobs Lost As International Steel Industry Crisis Escalates

Thousands Of Jobs Lost As International Steel Industry Crisis Escalates

The commodity market over the last year has been in turmoil and the steel industry has not been an exception. Prices have dropped to a 12-year low as poor economic growth, oversupply and diminishing demand are the order of the day. With China’s growth rate at its lowest in 25 years, and its stock market […]

8y ago

In 30 Years Robots Will Force Half The World Into Unemployment, What Does It All Mean For Humanity?

In 30 Years Robots Will Force Half The World Into Unemployment, What Does It All Mean For Humanity?

A prominent scientist, Moshe Vardi, says that in just 30 years, robots will take half of the world’s current jobs. This means that half of the world’s population will be unemployed and will create the “greatest challenge ever” in regards to exactly what humanity will do once robots prove they can do it all. Vardi […]

8y ago

Artificial Intelligence Could Leave Half The World Unemployed In Just 30 Years

Artificial Intelligence Could Leave Half The World Unemployed In Just 30 Years

Artificial intelligence could leave more than half of the world unemployed within 30 years, according to one expert. Current technologies already have the potential to automate a surprisingly large percentage of most tasks performed by human workers today, and advances in the field could have devastating effects on occupations across the board. Rice University computer […]

8y ago

Unemployment Rate At 4.9 Percent: Do The Numbers Speak Truth On The Job Market?

Unemployment Rate At 4.9 Percent: Do The Numbers Speak Truth On The Job Market?

The U.S. unemployment rate is now 4.9, the lowest since February 2008, and wages have also risen. The Labor Department reported that 151,000 jobs were added in January, a slightly lower increase than in December, which made 2015 one of the best years for job creation since the 1990s. President Barack Obama spoke on the […]

9y ago

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