Lower Benefits, Higher Jobs — Paul Ryan Has It Right

Larry Kudlow –  Co-written by Robert Sinche  Neel Kashkari, the Republican candidate for governor of California, just recounted in The Wall Street Journal his week on the streets of Fresno posing as a homeless man looking for work. At the end of his op-ed, Kashkari lamented that he didn’t need a higher minimum wage, paid sick […] Read More →

Fed Sees Labor-Market Slack Even After Unemployment Rate Dropped

 The Federal Reserve said the labor market still has plenty of room for improvement, even after a surprising drop in unemployment, bolstering the case for keeping interest rates low. “A range of labor-market indicators suggests that there remains significant underutilization of labor resources,” the Federal Open Market Committee said today in a statement in Washington, […] Read More →

Real Unemployment Rate Is at Least 18 Percent

Peter Morici  Friday, the Labor Department is expected to report the economy added 235,000 jobs in July, and the unemployment rate remained steady at 6.1 percent, but that hardly tells the story. The jobless rate may be down from its recession peak of 10 percent, but much of this results from adults, discouraged by the […] Read More →

Microsoft to lay off 18,000

 Microsoft (MSFT) announced Thursday in a memo from CEO Satya Nadella that it will cut a total of 18,000 jobs in the next year. The action is more than triple the company’s 2009 elimination of 5,800 positions. Last year’s acquisition of Nokia’s handset business brought the number of employees up from 99,000 to 127,000. Microsoft […] Read More →

Social Security closes offices as baby boomers age

 Even as millions of baby boomers approach retirement, the Social Security Administration has been closing dozens of field offices, forcing more and more seniors to seek help online instead of in person, according to a congressional report being released Wednesday. The agency blames budget constraints. As a result, seniors seeking information and help from the […] Read More →

Biden: “We didn’t promise high-paying jobs!”

 In what is undoubtedly another “foot in mouth” statement by Biden, he explains that he and Barack never promised good paying jobs. Leave it to Biden to look for a loophole. As if you would campaign on getting people low paying jobs?! Biden defended the economic recovery (that never happened) and admitted that the White […] Read More →