The prediction that Obamacare will lead to the equivalent of 2.5 million fewer jobs has nothing to do with businesses cutting the workforce and everything to do with workers being finally free of job-lock, now that they don;t need to stay in a job to have health insurance. That’s a good, and very American, thing, not the job-killing catastrophe Obamacare’s enemies make it out to be.
job creation
Unemployment Falls to 5-Year Best 6.6%, But Job Creation Weakens to 113,000
The national unemployment rate continues its steady downward fall, to 6.6 percent in January–its best showing since the 6.5 percent rate recorded in October 2008, when it was on its way up–but for the second month in a row, job creation fell far short of expectations, to 113,000. It was a revised 75,000 in December, the worst successive two-month results in a year and a half.
Unemployment Falls Sharply to 9.2% in Flagler, But County’s Workforce is Thinner By 1,000 Over the Year
There were 92 fewer jobs in the county over the month, and 82 fewer unemployed people. But the labor force lost 174 people over the month, continuing a worrisome trend that has persisted for more than a year.
Flagler’s Unemployment Down to 9.4%, But Labor Force Is Shrinking; Florida’s Rate at 6.7%
Flagler’s lower unemployment rate is not being driven by an increase in the number of people with jobs, but by a significant decrease in the labor force, which has shrunk 4 percent over the year. The number of Flagler residents holding jobs declined by 343 between September and October, and by 821 people over the year.
What Government Shutdown? U.S. Economy Adds 204,000 Jobs, Beating Expectations
The three-month tally of 605,000 jobs is the best three-month total in almost two years, though the unemployment rate still went up by a decimal point, to 7.3 percent as the labor force shrank by 720,000 in October, a reflection of the government shutdown.
Shutdown-Delayed Unemployment Report: Rate Down to 7.2% But Only 148,000 New Jobs
The September unemployment report due on Oct. 4 was released only at 8:30 this morning, delayed by the 16-day government shutdown. But it could have been predicted, as it follows the pattern of most reports of the past three years: anemic job growth, very slow decline in the unemployment rate, and checkered signs of improvement (or retreat, depending on your point of view) ahead.
Unemployment Rate Ticks Down to 7.3% But Job Creation Is a Hazy 162,000
The 7.3 percent unemployment rate for August is the lowest rate since December 2008, but job creation remains anemic, and June and July figures were revised downward by 74,000 jobs. The economy is still generating barely half the jobs necessary to return to pre-recession health.
Florida Unemployment Stuck at 7.1% For 3d Month, Flagler’s at 10.3% On Low-Pay Jobs
The national economy, Florida’s and Flagler County’s might as well be the three twins of lethargy: all three economies are mirroring each other in fitful but anemic activity, adding some but mostly low-paying jobs as Florida’s unemployment rate remains at 7.1 percent for the third straight month and Flagler’s continues in the low double digits, at 10.3 percent.
Unemployment Falls Slightly, Job Rolls Grow Slightly, Austerity’s Anemia Persists
There’s nothing terribly bad about the July unemployment report, released this morning. There’s nothing terribly good about it, either: the economy added just 162,000 jobs, and the 7.4 percent unemployment rate is the lowest since December 2008, but improvements are at a crawl.
Despite Adding 600,000 Jobs in 3 Months, U.S. Unemployment Remains at 7.6%
The U.S. economy added 195,000 jobs in June, and revised numbers increased April’s and May’s totals by 70,000 for a combined three-month job creation of nearly 600,000 jobs, but the unemployment rate remained at 7.6 percent, only 0.6 percent lower than it was a year ago.