Bernard Hickey | 24 Jan 2015 This week’s report on The Future of Jobs for the Davos economic talkfest in Switzerland has refocused attention on whether the wave of technology change sweeping around the globe will actually make most people richer. The unsettling conclusion from the report is that a fourth Industrial Revolution will destroy…
ECN | 19 Nov 2015 Despite the vast amount of money printing, record low interest rates (negative in certain parts of the world) and government stimulus, the global economy can’t seem to garner any momentum. And for populations around the world, this isn’t very good for their labor situation. According to a new Gallup poll,…
Paul Craig Roberts | 6 March 2015 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…
RT | 7 March 2015 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…
Market Daily News | February 18, 2015 48 million Americans cannot provide for their most basic human needs Clint Siegner: Bureaucrats in the U.S.S.R. kept issuing glowing economic reports right up until the Soviet state collapsed. Of course, many snickered at those reports for years. Widespread poverty and unemployment were obvious and no amount…
Pam Martens and Russ Martens | Wall Street On Parade | February 5, 2015 Clifton eviscerated legitimacy of cheerful spin given to unemployment data Years of unending news stories on U.S. government programs of surveillance, rendition and torture have apparently chilled the speech of even top business executives in the United States. Yesterday, Jim Clifton,…
Jim Clifton | Gallup | 2 Feb 2015 Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading. Right now, we’re hearing much celebrating from the media, the White House and…