1 in 6 American men, ages 25-54 are not working. “There are currently 61.1 million American men in their prime working years, age 25–54. A staggering 1 in 8 such men are not in the labor force at all, meaning they are neither working nor looking for work. This is an all-time high dating back to when records were first kept in 1955. An additional 2.9 million men are in
unemployment
April 27, 2014
Toyota to move N. American headquarters (and over 5,000 jobs) from California to Texas [Darleen Click]
Hell of a job, Moonbeam! North American Chief Executive Jim Lentz is expected to brief employees Monday, said the person, who was not authorized to speak publicly. Toyota declined to detail its plans. About 5,300 people work at Toyota’s Torrance complex. It is unclear how many workers will be asked to move to Texas. The move is expected to take several years. Toyota has long been a Southern California fixture.
February 9, 2014
“I can quit my job, pick my neighbor’s pocket and never feel guilty! Thank you, ObamaCare!” [Darleen Click] UPDATED
I’m just agog at the spin the Obama apparatchiks are putting on the 2.5 million job loss due to ObamaCare Count Polly Lower among those who quit their jobs because of the health-care law. It happened in September, when her boss abruptly changed her job description. She went from doing payroll, which she liked, to working on her boss’s schedule, which she loathed. At another time, she might have had
April 5, 2013
Chump change [Darleen Click]
While the NYTimes puts up a headline that Obama is proposing “cuts” to his budget, what he really wants is yet more and higher taxes. Congressional Republicans have dug in against any new tax revenues after higher taxes for the affluent were approved at the start of the year. The administration’s hope is to create cracks in Republicans’ antitax resistance, especially in the Senate, as constituents complain about the across-the-board
December 7, 2012
If we can just get enough people to quit, unemployment numbers would be even better! [Darleen Click]
542,000 Americans quit the labor force in November, unemployment rate down to 7.7%. Say Hello to the new normal in the era of King Barry I. 2. If labor force participation was at its January 2009 level, the unemployment rate would be a whopping 10.7%. Now, some of the drop in the LFP is due to demographic reasons, primarily the aging of the US population. But even taking that into