Category: Jobs

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October 2, 2015 2:18 PM MS

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There Are Not Enough Jobs, And Austerity Is To Blame

The September jobs report is spooking even the optimists.



The especially poor September jobs report reinforces what many economists have been saying for months: The six-year recovery from the Great Recession has been too weak to create enough jobs for America’s growing population, let alone restore significant wage growth. 

Domestic fiscal austerity, not recent global volatility, is primarily to blame for the inadequate job growth, these economists argue.

The U.S. economy created 142,000 jobs in September, bringing average monthly job growth to 198,000 this year — way down from the monthly rate of 260,000 in 2014. Average hourly wages decreased slightly in September, meaning pay has risen just 2.2 percent in the past 12 months. 

In addition, the percentage of the population working or looking for work has dropped to 62.4 percent, the lowest it has been during the Obama presidency. The progressive Economic Policy Institute estimates that we need 2.6 million more jobs to keep up with population growth.



© Shannon Stapleton
Despite nearly 250,000 jobs being created monthly in the US economy, the majority of Americans saw real wages plummet 4 percent over the past five years, when adjusted for inflation, according to new report by the National Employment Labor Project.

Stagnant wages have become a fact of life for nearly all of America’s workers, but workers in lower-paying occupations are finding it especially tough to keep up with the rising cost of living,” said Christine Owens, executive director of the National Employment Law Project (NELP), a research and advocacy group, in a statement.

Not only are their paychecks not growing, but their purchasing power has shrunk considerably, and to a far greater extent than that of higher-wage earners.”

The report looked at the percentage change in hourly wages for 785 occupations from 2009 to 2014, and then divided those jobs into five classifications. While hourly wages declined across all occupations, the hardest hit workers were those in lower- and mid-wage fields.

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French Recovery Fades as Manufacturing, Services Contract

Photographer: Balint Porneczi/Bloomberg

An employee removes excess felt from berets inside the factory of 174-year-old… Read More

French manufacturing and services unexpectedly shrank this month, highlighting President Francois Hollande’s struggle to revive the euro area’s second-largest economy.

A Purchasing Managers Index of factory activity dropped to 49.3 from 51.2 in April, while a services gauge fell to 49.2 from 50.4, Markit Economics said today in London. Economists had forecast readings above 50, the level that divides expansion from contraction.

Hollande is grappling with an economy that stagnated in the first quarter as both investment and consumer spending fell. After two years in office, his government has yet to achieve two consecutive quarters of expansion, a performance that has driven jobless claims to an all-time high of 3.3 million and his own popularity to a record low.


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French economy contracts while rest of eurozone keeps expanding

The headquarters of the European Central Bank (ECB) in Germany.

The strong pace of growth in the eurozone’s private sector eased very slightly this month, with drastic price cuts preventing any further slowdown, surveys showed yesterday.

Slower growth in activity at factories took the shine off an unexpected pickup in the service industry, although the bloc’s recovery appears to be gaining traction.

“This doesn’t change the picture of the eurozone having one of its best growth spells in the past three years. It’s broad-based – with the one exception being France,” said Rob Dobson, senior economist at survey compiler Markit.

Markit’s Composite Purchasing Managers’ Index, based on surveys of thousands of companies across the region and seen as a good indicator of growth, edged down to 53.9 from April’s near three-year high of 54.0, matching the forecast in a Reuters poll of analysts.


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Eurozone’s 18-month-long recession may be over, economic surveys suggest

French factories

The Osram factory in Molsheim. French factories returned to growth with their strongest performance in 17 months. Photograph: AFP/Getty

Hopes of a recovery in the eurozone were lifted after private sector firms across the region reported a rise in output for the first time in 18 months, leading to predictions that the single currency bloc is on the cusp of exiting recession.

A strong performance by German manufacturers and a halt to the headlong decline in French business activity gave the eurozone a much needed boost after the area slipped into reverse last year.

With the US manufacturing sector expanding at a faster pace in July, the main blot on the global economic recovery was a decline in manufacturing output in China that some economists have warned could force Beijing to renew its stimulus spending or risk a hard landing.

China’s manufacturing sector tempered the eurozone data, slowing to an 11-month low as new orders faltered and the job market darkened.

The flash HSBC/Markit Purchasing Managers’ Index (PMI) fell to 47.7 this month from June’s final reading of 48.2, marking a third straight month below the 50 threshold between expansion and contraction for China.

As if to highlight concerns that global growth is slowing, Caterpillar, the US construction and mining business that is considered a bellwether of global business activity, downgraded its forecast for the pace of the global recovery this year and next.

Alexandra Knight, an economist at National Australia Bank, said the weak Chinese PMI posed a problem for countries that relied on exports to China.

“It adds to the concern about the outlook for demand, and brings into question just how strong Chinese commodities demand will be,” she said.


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Collapse in pay lies behind Britain’s return to work: Self-employed are hidden victims of recession, report warns

The study by the Resolution Foundation think tank reveals the dark side of the sharp growth in self-employment, which has helped the Government to maintain its boast that unemployment is falling as more and more people find work.

Since the start of the recession five years ago, the number of self-employed has risen by 650,000 to 4.5 million. They now represent 15 per cent of the active workforce.

But the new analysis reveals that the average weekly income of someone in self-employment is 20 per cent lower than in 2008.  As a result, a typical self-employed worker now earns 40 per cent than a typical employee.  An Ipsos-Mori survey commissioned as part of the report also found that 27 per cent of those who became self-employed in the past five year do so because they had no other choice – up from 10 per cent five years ago.

Gavin Kelly, chief executive of the Resolution Foundation, said: “Self-employment is often a highly precarious existence which isn’t that well supported by public policy. High levels of self-employment seem likely to be here to stay and policy-makers have some catching up to do.”

The grim truth about pay and living standards in some the regions of the UK has also been highlighted by official EU figures showing that parts of Britain are effectively poorer that countries from  former communist countries in Eastern Europe.

People in Cornwall and the Welsh Valleys are worse off than residents of Estonia and Lithuania, according to Eurostat figures comparing wealth across the EU using a measure known as “purchasing power standards” – which takes into account GDP per person and cost of living.

In addition, Durham and the Tees Valley, in the north east of England, are poorer than those in the wealthiest regions of Bulgaria and Romania, the two most deprived countries in the EU.

By contrast, the Eurostat figures show that London is the richest place in Europe.

According to the Resolution Foundation report, self-employed people are more likely than people in full time employment to complain of being under employed.


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Pension fears for rising number of self-employed

Higher levels of self employment have become a permanent feature of the UK economy as a result of Britain’s ageing workforce and a greater desire for Britons to “work for themselves”.

The Resolution Foundation said the increase in self-employment also presented a “worrying picture of the security and vulnerability of self employed people”, who have traditionally saved less for retirement than employees. Photo: PA

Higher levels of self employment have become a permanent feature of the UK economy as a result of Britain’s ageing workforce and a greater desire for Britons to “work for themselves”.

The number of people who are self employed has grown by 650,000 since the 2008 financial crisis, to 4.5m, meaning one in seven workers is now self employed.

While some of the shift towards self-employment has been caused by cyclical factors, the Resolution Foundation said 73pc of workers had chosen to become self-employed. “The high self-employment numbers are here to stay,” said Laura Gardiner, a senior policy analyst at Resolution Foundation.

The rise in self employment has attracted attention from the Bank of England, where policymakers have argued over whether the increase reflects structural changes in the UK economy or “disguised labour market slack” because many of these workers would prefer to be working full-time.

While the Foundation said there was less slack in the economy caused by self-employment than some policymakers believed, it said underemployment among these workers was “marginally worse than for employees”, representing a reversal of the pre-crisis trend.


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Jobseekers being forced into zero-hours roles

Letter from Conservative minister reveals plans to sanction unemployed people if they fail to agree to controversial contracts

Jobseekers queue outside a Jobcentre Plus branch at London Bridge. Photograph: Oli Scarff/Getty Images


For the first time, benefit claimants are at risk of sanctions if they do not apply for and accept certain zero-hours jobs under the new universal credit system, despite fears that such contracts are increasingly tying workers into insecure and low paid employment.

Last week, the Office for National Statistics revealed the number of contracts that do not guarantee minimum hours of work or pay but require workers to be on standby had reached 1.4 million.

More than one in 10 employers are using such contracts, which are most likely to be offered to women, young people and people over 65. The figure rises to almost half of all employers in the tourism, catering and food sector.

Currently, people claiming jobseekers’ allowance are not required to apply for zero-hours contract vacancies and they do not face penalties for turning them down.

However, the change in policy under universal credit was revealed in a letter from Esther McVey, an employment minister, to Labour MP Sheila Gilmore, who had raised the issue of sanctions with her.

The senior Tory confirmed that, under the new system, JobCentre “coaches” would be able to “mandate to zero-hours contracts“, although they would have discretion about considering whether a role was suitable.

Separately, a response to a freedom of information request to the Department for Work and Pensions (DWP) published on its website reveals: “We expect claimants to do all they reasonably can to look for and move into paid work. If a claimant turns down a particular vacancy (including zero-hours contract jobs) a sanction may be applied, but we will look into the circumstances of the case and consider whether they had a good reason.”

Higher level sanctions – imposed if a jobseeker refuses to take a position without good reason or leaves a position voluntarily – will lead to a loss of benefits for 13 weeks on the first occasion, 26 weeks on the second occasion and 156 weeks on the third occasion.

Asked about the issue by the Guardian, the DWP said jobseekers would not be required to take a zero-hours contract that tied them in exclusively to work for a single employer. The government is already consulting on whether to ban this type of contract altogether.

The change has been made possible because universal credit will automatically adjust the level of benefits someone receives depending on the number of hours they work. This means claimants should not face periods without the correct benefits when their earnings fluctuate or they change job.

However, critics raised concerns that the new policy will force people into uncertain employment and restrict the ability of claimants to seek better work while still placing a burden on many to increase their hours.

Labour’s Sheila Gilmore said she was concerned about the situation because JobCentre decision makers already do not appear to be exercising enough discretion before applying sanctions under the old regime.

“While I don’t object to the principle of either universal credit or zero-hours contracts, I am concerned about this policy change,” she said. “I also fear that if people are required to take jobs with zero-hours contracts, they could be prevented from taking training courses or applying for other jobs that might lead to more stable and sustainable employment in the long term.”


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ByBruce Kennedy

Another bad sign for America’s middle class

You don’t have to be an economic victim of the Great Recession to know that America’s middle class is being squeezed in an unprecedented manner. Not only is the U.S. middle class no longer the world’s richest, according to recent research, but millions of families who were once financially secure are now living hand-to-mouth.

What’s going on? A new report from the National Employment Law Project finds that, nearly five years after the recession officially ended, most of the jobs that have been created during the recovery offer lower wages. Such positions made up 22 percent of jobs lost in the recession, but have accounted for 44 percent of employment growth.


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Where is the middle class heading?


The labor research and advocacy group also found that, from the outset of the recession in late 2007 to its low point in February of 2010, “employment losses occurred throughout the economy, but were concentrated in mid-wage and higher-wage industries.”

By contrast, mid-wage positions, which composed 37 percent of the jobs cut in the recession, have made up only 26 percent of those recovered. High-wage industries, which made up 41 percent of recession jobs lost, reportedly had a 30 percent recovery growth.

“Today, there are nearly 2 million fewer jobs in mid- and higher-wage industries than there were before the recession took hold, while there are 1.85 million more jobs in lower-wage industries,” NELP said in a statement,


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The low wage jobs explosion

  @Luhby April 28, 2014: 4:57 PM ET

low wage explosionLow wage jobs are on the rise.


Looking for a job? The ones you’ll find will likely be low wage.

The labor market has been recovering since the Great Recession ended, but many of the jobs created have been in low-wage industries, according to a new report by the National Employment Law Project, a left-leaning group.

Among the fastest-growing jobs: Food services, home health care and retail — all of which pay relatively little.

Better paying blue-collar industries, such as construction and manufacturing, have not recovered to their employment levels before the recession.

Lower wage industries accounted for 44% of employment growth since employment hit bottom in February 2010, the group found.

Going back to the start of the recession six years ago, the nation has added 1.85 million jobs in low-wage industries, but mid-wage and higher-wage industries have shed nearly 1 million positions each.


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People wait in line to meet a job recruiter at the UJA-Federation Connect to Care job fair in New York March 6, 2013. REUTERS/Shannon Stapleton

People wait in line to meet a job recruiter at the UJA-Federation Connect to Care job fair in New York March 6, 2013.

Credit: Reuters/Shannon Stapleton

 U.S. job growth jumps, but shrinking labor force a blemish

WASHINGTON Fri May 2, 2014 4:52pm EDT

(Reuters) – U.S. employers hired workers at the fastest clip in more than two years in April, pointing to a rebound in economic growth after a dreadful winter and keeping the Federal Reserve on track to end bond purchases this year.

The brightening outlook was, however, tempered somewhat by a sharp increase in the number of people dropping out of the labor force, which pushed the unemployment rate to a 5-1/2-year low of 6.3 percent. Wage growth also was stagnant.

Nonfarm payrolls surged 288,000 last month, the Labor Department said on Friday. That was largest gain since January 2012 and beat economists’ expectations for only a 210,000 rise.

“It lends significant legitimacy to the positive tone in the wide array of post-February economic reports, which have all been consistently pointing to a significant pick-up in economic growth momentum this quarter,” said Millan Mulraine, deputy chief economist at TD Securities in New York.

March and February’s data was revised to show 36,000 more jobs than previously reported.

U.S. stocks briefly rallied on the report, which was later eclipsed by rising tensions in Ukraine. Stocks ended lower, while safe-haven bids pushed the yield in the 30-year U.S. government bond to its lowest level in more than 10 months.

The dollar was flat against a basket of currencies.

About 806,000 people dropped out of the labor force in April, unwinding the previous months’ gains. That helped to push down the unemployment rate 0.4 percentage point to its lowest level since in September 2008.

The labor force participation rate, or the share of working-age Americans who are employed or unemployed but looking for a job, also fell four-tenths of a percentage point to 62.8 percent last month, slipping back to a 36-year low touched in December.

Overall, however, the data suggested the economy was gathering strength and led investors to pull forward their bets on when the Fed will start to raise interest rates.

The strong payrolls growth added to upbeat data such as consumer spending and industrial production in suggesting that sputtering growth in the first quarter was an aberration, weighed down by an unusually cold and disruptive winter.


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Discouraged job seekers behind shrinking labor force

WASHINGTON Fri Apr 5, 2013 6:58pm EDT

People wait in line to meet a job recruiter at the UJA-Federation Connect to Care job fair in New York March 6, 2013. REUTERS/Shannon Stapleton

People wait in line to meet a job recruiter at the UJA-Federation Connect to Care job fair in New York March 6, 2013.

Credit: Reuters/Shannon Stapleton

(Reuters) – Americans giving up the hunt for jobs were likely behind a sharp drop in the U.S. workforce last month, a bad sign for an economy that is struggling to achieve a faster growth pace.

The number of working-age Americans counted as part of the labor force — either with a job or looking for one — tumbled by 496,000 in March, the biggest fall since December 2009, the Labor Department said on Friday. That pushed the so-called workforce participation rate to a 34-year low of 63.3 percent.

March marked the second month in a row that the participation rate declined — 626,000 people have dropped from the work force since January.

Friday’s report showed a decline in the number of discouraged job seekers last month after a pop in February, which at first glance might suggest the drop in the workforce was mainly because of shifting demographics.

But a closer look at the underlying numbers raises questions about the notion that retiring baby boomers were the driving force behind the shrinking workforce.

“You have to think that it’s a large part demographics, but demographics are not really going to have such a big effect on month-to-month changes,” said Keith Hall, senior research fellow at George Mason University’s Mercatus Center.

Of the nearly 500,000 people dropping out, just 118,000 were aged 55 and older, meaning more than three-quarters of the increase came from below-retirement-age adults.

Also, the number of people 65 and older counted as part of the workforce actually rose by 27,000, which followed a 72,000 increase in February.

Hall said the sluggish economy was forcing some older Americans to continue working to rebuild retirement nest-eggs that were shattered during the 2007-09 recession.

Indeed, the participation rate for Americans between 55 and 64 years old held steady at a relatively high 65 percent. On the other hand, participation by the 25-29 age group was the lowest since record-keeping started in 1982.

“People are just giving up the search for work. A lot of them would like to work and they aren’t, that is a serious sickness in the economy,” said Peter McHenry, assistant economics professor at the College of William & Mary in Williamsburg, Virginia.

The drop in participation helped to lower the unemployment rate by a tenth of a percentage point to 7.6 percent. If the workforce had not contracted, the jobless rate would have risen two-tenths of a percentage point to 7.9 percent in March.


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Yahoo Finance

In this April 10, 2014 photo, Jennifer Stickney, a recruiter for Right at Home, which provides in-home care and assistance, answers questions from nursing students at a job fair on the campus of Kaplan University in Lincoln, Neb. The Labor Department on Friday, May 2, 2014 said U.S. employers added a robust 288,000 jobs in April, the most in two years, the strongest evidence to date that the economy is picking up after a brutal winter slowed growth. (AP Photo/Nati Harnik)

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In this April 10, 2014 photo, Jennifer Stickney, a recruiter for Right at Home, which provides in-home care and assistance, answers questions from nursing students at a job fair on the campus of Kaplan University in Lincoln, Neb. The Labor Department on Friday, May 2, 2014 said U.S. employers added a robust 288,000 jobs in April, the most in two years, the strongest evidence to date that the economy is picking up after a brutal winter slowed growth. (AP Photo/Nati Harnik)

Any period of unemployment can have a crippling effect on a worker’s career and finances. But to be both young and unemployed in America presents its own set of unique challenges.

Workers under the age of 30 have contended with five solid years of double-digit unemployment — 19% for 16- to 19-year-olds and 10.6% for 20- to 24-year-olds at last count. The economy is slowly improving and there are jobs to be had again. The overall U.S. unemployment rate dropped to 6.3% in April as 288,000 jobs were added — the highest in two years, the Labor Department announced Friday.  But young people who haven’t been able to find work are now struggling to compete in a tough job market with little experience.

“The longer you’re not in the workforce, the harder it is to get back in,” says Rory O’Sullivan, deputy director of the Young Invincibles. “Employers look at resumes and there are a lot of young people working outside of their field of study. You can imagine all those things can make it harder to build a career.”

As many as one in five high school graduates and one in 10 college graduates are considered “disconnected youths,” those who are not working or enrolled in college, according to a new report by the Economic Policy Institute, a liberal think tank.

“There is little evidence that young adults have been able to ‘shelter in school’ from the labor market effects of the Great Recession,” the authors write. “Increases in college and university enrollment rates between 2007 and 2012 were no greater than before the recession began—and since 2012, college enrollment rates have dropped substantially.”

If these “idle” young people were factored into unemployment rates, it would raise the combined rate of unemployment for 16- to 25-year-olds from 14.5% to 18.1%.

And of those young people who have managed to find work, nearly half are considered to be underemployed, often working in part-time jobs that may have little or nothing to do with their chosen career path. What’s more, young people who graduate in 2014 will likely earn less than they would have if they had graduated in a stronger economy, the EPI report says.

Wages for high school graduates have dropped by 9.8% since the recession and wages for young college graduates fell by 6.9%.

Youth unemployment isn’t just a “young people” problem either. A recent report by the Young Invincibles estimates it has cost the U.S. economy nearly $9 billion in lost tax revenue since 2007. Each unemployed 18- to 24-year-old represents an estimated $3,200 in lost tax revenue, and each 25- to 34-year-old costs more than twice as much: $7,000.  And with nearly one-third of millennials living at home with their parents, parents who might have otherwise been enjoying the relief of an empty nest must instead continue their roles as financial guardians.

The reality is that young people are disproportionately impacted by economic downturns and no matter how much the U.S. economy improves, they will be feeling the effects of the recession for many years to come.

We spoke with several young people under the age of 30 — all solidly in the “underemployed” camp — who are struggling to launch their careers.


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Photo: Sara Beck

“My resume is a work of art.”

Sara Beck, 28, has spent the better part of a year trying and failing to find a full-time marketing position in Plymouth, Minn.

Her troubles have little to do with her lack of education or job skills: She has an MBA in international business, spent six years working abroad, and speaks perfect Spanish.

“My problem is that I’m either too experienced or not experienced enough for some of the jobs I want,” she says. “I had a really promising interview, but I got an email recently that they decided to go with candidates whose experience aligned more with the requirements. It was an entry-level position.”

While Beck pursues a career in the U.S., her husband, a Chilean national, stayed behind in Santiago to work on obtaining a work visa. She’s caring for their daughter on her own while living with relatives until she can find work.

“I can’t send my daughter to the daycare of my choice because I’m saving money,” she says. “I have more than $70,000 left in student loan debt. It’s insane to think about.

In the meantime, she has cobbled together enough freelance work to stay afloat — writing, editing and translating gigs that put food on the table but don’t necessarily improve her odds of landing a marketing job.

“I try to take a job in, say, content writing and apply it to a job as a business analyst,” she says. “My resume is a work of art.”


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Milwaukee Business Journal  

Apr 10, 2014, 2:40pm CDT Updated: Apr 10, 2014, 3:03pm CDT

Oshkosh Corp. to slash 760 defense unit jobs


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Specialty truck manufacturer Oshkosh Corp. makes all-terrain trucks for the U.S. military.

Reporter- Milwaukee Business Journal

Oshkosh Corp. announced it would lay off 700 hourly positions starting in June and 60 salaried jobs by July in its defense segment.

Most of the salaried positions are temporary employees and people who are retiring. Following the cuts, Oshkosh Defense will have about 1,850 employees. The cuts reflect the reduction in defense spending by the U.S., which is returning to peacetime operations, said John Urias, executive vice president and president of Oshkosh Defense.

“We have gone to great lengths to minimize and delay the impact of the reduced spending on our Defense workforce,” Urias said. “We explored and implemented a range of alternatives from not filling open positions to bringing in outside contracted work as promised in earlier discussions with the UAW, which represents our production employees, as well as continuing to pursue relevant international opportunities.”


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NBC15 WMTV | Madison, WI | News, Weather, Sports

Wis.-Based Oshkosh to Lay Off 900 this Summer

Posted Tuesday, April 9, 2013 — 1:40 p.m.

OSHKOSH, Wis. (AP) — Defense contractor Oshkosh Corp. plans to lay off 900 people this summer as military vehicle orders decline.

The Oshkosh-based company says it will begin laying off 700 hourly employees in mid-June, with 200 salaried employees to be laid off by the end of July.

Company leaders say production is declining as the military continues to wind down from the wars in Iraq and Afghanistan.


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Crain's Detroit Business

General Dynamics, Oshkosh land $120 million in vehicle and parts contracts

 Originally Published: April 01, 2014 3:17 PM  Modified: April 03, 2014 11:09 AM

Two defense ground vehicle manufacturers with a Michigan footprint have received production awards worth more than $120 million combined, to build several hundred new vehicles or vehicle components by late 2015.

Sterling Heights-based General Dynamics Land Systems reported today it has received a $74.7 million contract from the U.S. Marine Corps Systems Command in Quantico, Va. for “egress upgrade kits” to improve its fleet of Cougar infantry vehicles.

The company’s Force Protection subsidiary, created when GDLS acquired Ladson, S.C.-based Force Protection Inc. in 2011, will develop and produce 916 egress kits for the Cougar by September 2015 under that contract.


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This Is What Employment In America Really Looks Like…

By Michael Snyder, on April 6th, 2014

Warren Buffett - Photo by Mark Hirschey















The level of employment in the United States has been declining since the year 2000.  There have been moments when things have appeared to have been getting better for a short period of time, and then the decline has resumed.  Thanks to the offshoring of millions of jobs, the replacement of millions of workers with technology and the overall weakness of the U.S. economy, the percentage of Americans that are actually working is significantly lower than it was when this century began.  And even though things have stabilized at a reduced level over the past few years, it is only a matter of time until the next major wave of the economic collapse strikes and the employment level goes even lower.  And the truth is that more good jobs are being lost every single day in America.  For example, as you will read about below, Warren Buffett is shutting down a Fruit of the Loom factory in Kentucky and moving it to Honduras just so that he can make a little bit more money.  We see this kind of betrayal over and over again, and it is absolutely ripping the middle class of America to shreds.

Below I have posted a chart that you never hear any of our politicians talk about.  It is a chart that shows how the percentage of working age Americans with a job has steadily declined since the turn of the century.  Just before the last recession, we were sitting at about 63 percent, but now we have been below 59 percent since the end of 2009…

Employment Population Ratio 2014

We should be thankful that things have stabilized at this lower level for the past few years.

At least things have not been getting worse.

But anyone that believes that “things have returned to normal” is just being delusional.

And nothing is being done about the long-term trends that are absolutely crippling our economy.  One of those trends is the offshoring of middle class jobs.  As I mentioned above, Fruit of the Loom (which is essentially owned by Warren Buffett) has made the decision to close their factory in Jamestown, Kentucky and lay off all the workers at that factory by the end of 2014

Clothing company Fruit of the Loom announced Thursday that it will permanently close its plant in Jamestown and lay off all 600 employees by the end of the year.

The Jamestown plant is the last Fruit of the Loom plant in a state where the company had once been a manufacturing titan second only to General Electric.

This isn’t being done because Fruit of the Loom is going out of business.  They are still going to be making t-shirts and underwear.  They are just going to be making them in Honduras from now on…

The company, owned by Warren Buffett’s Berkshire Hathaway but headquartered in Bowling Green, said the move is “part of the company’s ongoing efforts to align its global supply chain” and will allow the company to better use its existing investments to provide products cheaper and faster.

The company said it is moving the plant’s textile operations to Honduras to save money.

So what are those workers supposed to do?

Go on welfare?

The number of Americans that are dependent on the government is already at an all-time record high.

And doesn’t Warren Buffett already have enough money?

In business school, they teach you that the sole responsibility of a corporation is to maximize wealth for the shareholders.

And so when business students get out into “the real world”, that is how they behave.

But the truth is that corporations have a responsibility to treat their workers, their customers and the communities in which they operate well.  This responsibility exists whether corporate executives want to admit it or not.

And we all have a responsibility to our fellow citizens.  When we stand aside and do nothing as millions of good paying American jobs are shipped overseas so that the “one world economic agenda” can be advanced and so that men like Warren Buffett can stuff their pockets just a little bit more, we are failing our fellow countrymen.

Because so many of us have fallen for the lie that “globalism is good”, we have allowed our once great manufacturing cities to crumble and die.  Just consider what is happening to Detroit.  It was once the greatest manufacturing city in the history of the planet, but now foreign newspapers publish stories about what a horror show that it has become…


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U.S. Bureau of Labor Statistics | Division of Labor Force Statistic


Employment Situation Summary

Transmission of material in this release is embargoed until                    USDL-14-0530
8:30 a.m. (EDT) Friday, April 4, 2014

Technical information: 
  Household data:         (202) 691-6378  •  •
  Establishment data:     (202) 691-6555  •  •

Media contact:	          (202) 691-5902  •

                              THE EMPLOYMENT SITUATION -- MARCH 2014

Total nonfarm payroll employment rose by 192,000 in March, and the unemployment rate
was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today.
Employment grew in professional and business services, in health care, and in mining
and logging.

Household Survey Data

In March, the number of unemployed persons was essentially unchanged at 10.5 million,
and the unemployment rate held at 6.7 percent. Both measures have shown little movement
since December 2013. Over the year, the number of unemployed persons and the unemployment
rate were down by 1.2 million and 0.8 percentage point, respectively. (See table A-1.)

Among the major worker groups, the unemployment rate for adult women increased to 6.2
percent in March, and the rate for adult men decreased to 6.2 percent. The rates for
teenagers (20.9 percent), whites (5.8 percent), blacks (12.4 percent), and Hispanics
(7.9 percent) showed little or no change. The jobless rate for Asians was 5.4 percent
(not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2,
and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more), at 3.7 million,
changed little in March; these individuals accounted for 35.8 percent of the unemployed.
The number of long-term unemployed was down by 837,000 over the year. (See table A-12.)

Both the civilian labor force and total employment increased in March. The labor force
participation rate (63.2 percent) and the employment-population ratio (58.9 percent)
changed little over the month. (See table A-1.) The number of persons employed part
time for economic reasons (sometimes referred to as involuntary part-time workers) was
little changed at 7.4 million in March. These individuals were working part time because
their hours had been cut back or because they were unable to find full-time work. (See
table A-8.)

In March, 2.2 million persons were marginally attached to the labor force, little changed
from a year earlier. (The data are not seasonally adjusted.) These individuals were not
in the labor force, wanted and were available for work, and had looked for a job sometime
in the prior 12 months. They were not counted as unemployed because they had not searched
for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 698,000 discouraged workers in March, down 
slightly from a year earlier. (These data are not seasonally adjusted.) Discouraged
workers are persons not currently looking for work because they believe no jobs are
available for them. The remaining 1.5 million persons marginally attached to the labor
force in March had not searched for work for reasons such as school attendance or family
responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment rose by 192,000 in March. Job growth averaged 183,000
per month over the prior 12 months. In March, employment grew in professional and business
services, in health care, and in mining and logging. (See table B-1.)

Professional and business services added 57,000 jobs in March, in line with its average
monthly gain of 56,000 over the prior 12 months. Within the industry, employment increased
in March in temporary help services (+29,000), in computer systems design and related
services (+6,000), and in architectural and engineering services (+5,000).

In March, health care added 19,000 jobs. Employment in ambulatory health care services
rose by 20,000, with a gain of 9,000 jobs in home health care services. Nursing care
facilities lost 5,000 jobs over the month. Job growth in health care averaged 17,000 per
month over the prior 12 months.

Employment in mining and logging rose in March (+7,000), with the bulk of the increase
occurring in support activities for mining (+5,000). Over the prior 12 months, the mining
and logging industry added an average of 3,000 jobs per month.

Employment continued to trend up in March in food services and drinking places (+30,000).
Over the past year, food services and drinking places has added 323,000 jobs.

Construction employment continued to trend up in March (+19,000). Over the past year,
construction employment has risen by 151,000.

Employment in government was unchanged in March. A decline of 9,000 jobs in federal
government was mostly offset by an increase of 8,000 jobs in local government, excluding
education. Over the past year, employment in federal government has fallen by 85,000.

Employment in other major industries, including manufacturing, wholesale trade, retail
trade, transportation and warehousing, information, and financial activities, changed
little over the month.

The average workweek for all employees on private nonfarm payrolls increased by 0.2
hour in March to 34.5 hours, offsetting a net decline over the prior 3 months. The
manufacturing workweek rose by 0.3 hour in March to 41.1 hours, and factory overtime
rose by 0.1 hour to 3.5 hours. The average workweek for production and nonsupervisory
employees on private nonfarm payrolls increased by 0.3 hour to 33.7 hours. (See
tables B-2 and B-7.)

In March, average hourly earnings for all employees on private nonfarm payrolls edged
down by 1 cent to $24.30, following a 9 cent increase in February. Over the year,
average hourly earnings have risen by 49 cents, or 2.1 percent. In March, average
hourly earnings of private-sector production and nonsupervisory employees edged down
by 2 cents to $20.47. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for January was revised from +129,000 to
+144,000, and the change for February was revised from +175,000 to +197,000. With these
revisions, employment gains in January and February were 37,000 higher than previously

The Employment Situation for April is scheduled to be released on Friday, May 2, 2014,
at 8:30 a.m. (EDT).



Another Fraudulent Jobs Report — Paul Craig Roberts

Another Fraudulent Jobs Report

Paul Craig Roberts

The March payroll jobs report released April 4 claims 192,000 new private sector jobs.
Here is what John Williams has to say about the claim:

“The Bureau of Labor Statistics (BLS) deliberately publishes its seasonally-adjusted historical payroll-employment and household-survey (unemployment) data so that the numbers are neither consistent nor comparable with current headline reporting.  The upside revisions to the January and February monthly jobs gains, and the relatively strong March payroll showing, reflected nothing more than concealed, favorable shifts in underlying seasonal factors, hidden by the lack of consistent BLS reporting.  In like manner, consistent month-to-month changes in the unemployment rate or labor force simply are not knowable, because the BLS cloaks the consistent and comparable numbers.”

Here is what Dave Kranzler has to say: “the employment report is probably the most deceptively fraudulent report produced by the Government.”

As I have pointed out for a decade, the “New Economy” jobs that we were promised in exchange for our manufacturing jobs and tradable professional service jobs that were offshored have never shown up. The transnational corporations and their hired shills among economists lied to us. Not even a jobs report as deceptive and fraudulent as the BLS payroll jobs report can hide the fact that Congress, the White House, and the American people have sat sucking their thumbs while corporations maximized profits for the one percent at the expense of everyone else in the United States.

Let’s look at where the alleged jobs are. The BLS jobs report says that 28,400 jobs were created in March in wholesale and retail sales. March is the month that Macy’s, Sears, JC Penny, Staples, Radio Shack, Office Depot, and other retailers announced combined closings of several thousand stores, but more retail clerks were hired.

The BLS payroll jobs report claims 57,000 jobs in “professional and business services.” Are these jobs for lawyers, accountants, architects, engineers, and managers? No. The combined new jobs for these middle class professional skills totaled 10,400. Employment services accounted for 42,000 of the jobs in “professional and business services” of which temporary help accounted for 28,500.


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