The homeless population of Los Angeles County – already the second largest in the nation – grew by 12% over the last two years, amid hard times for low-wage workers and a sluggish economic recovery. The homeless population of the nation’s second largest metropolitan area rose to 44,300 people, about a 5,000 person increase from 2013, according to a report […]
HSBC chief economist Stephen King is already thinking about the next recession. In a note to clients Wednesday, he warns: “The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers.” Here’s King (emphasis added): Whereas previous recoveries have enabled monetary and fiscal […]
(CNSNews.com) – A record 12,202,000 black people were not in the labor force in March, as the participation rate for this group declined over the month to 61.0 percent, according to data released from the Bureau of Labor Statistics (BLS). According to the BLS, the more than 12 million black people not in the labor […]
By Dan Calabrese If there’s been one consistent thing about the Obama economic record, it’s that it’s wildly inconsistent. There have been many quarters of tepid growth, but also plenty of combinations in which we’ll see a huge drop followed by a huge jump, or vice versa. And if expectations for tomorrow’s announcement of First […]
By Paul Craig Roberts The Economy Has Not Recovered And Is Again On Its Way Down The first quarter GDP will be negative unless the figure is again manipulated and faked. I am looking at two charts. One is the Federal Reserve Bank of Atlanta’s forecast. During the past 30 days, the Atlanta Fed’s forecast […]
Paul Craig Roberts According to the payroll jobs report today (March 6) the economy created 295,000 new jobs in February, dropping the rate of unemployment to 5.5%. However, the BLS also reported that the labor force participation rate fell and the number of people not in the labor force rose by 354,000. In other words, […]
The number of Americans aged 16 and older not participating in the labor force hit 92,898,000 in February, tying December’s record, according to data released by the Bureau of Labor Statistics (BLS). Over the longer trend, the labor force participation rate was between 62.9 percent and 62.7 percent from April 2014 through February, and has […]
by WARNER TODD HUSTON A new study finds that Hispanic foreigners, both legal and illegal, will account for a large portion of future job growth, taking perhaps as many as 75 percent of the jobs created by 2020. It’s expected that the Hispanic population present in the U.S. will enjoy 2.6 percent growth per year over the next 20 years, thanks in part to […]
(CNSNews.com) – State Department spokeswoman Marie Harf may be correct in saying that the previous administration spoke of a link between poverty and Islamic terrorism, but a number of studies have challenged the notion, irrespective of who has advanced it. Rather than being driven by lack of economic opportunity, some of the most prominent jihadist […]
By Dan Calabrese About a third of all the jobs in Alaska are connected to oil exploration and development. And the ability to keep the oil industry vibrant in Alaska is very much dependent on the Trans-Alaska pipeline. So you’d think an administration that claims to be about keeping good jobs viable would have an […]
