Mary Margaret Olohan on June 5, 2020 The U.S. economy gained 2.5 million jobs in May, while the unemployment declined to 13.3%, according to Department of Labor data released Friday. Total non-farm payroll employment rose by 2.5 million in May, according to the Bureau of Labor Statistics report,and the number of unemployed persons fell by…
Texas announced on Friday that they would become the first in the nation to open their economy back up in incremental steps beginning Monday, April 20th. On Thursday, April 16th, the Young Americans for Liberty (YAL) team were at the Austin, Texas capitol for one of the first in the nation protests to stop the economic shutdown…
Initial claims for unemployment insurance soared to 6.65 million for the week ending March 28, exceeding last week’s shocking 3.3 million, and dwarfing the previous high of 695,000 in October 1982. During the Great Recession in 2008-09, total job losses were 8.8 million over 25 months versus a total of 9.96 million initial claims…
Minimum wage laws are suddenly vogue. According to the National Conference of State Legislatures, 18 states began 2019 with a new minimum wage. Three states have since passed legislation to increase the minimum wage to $15 an hour, a wage floor the House of Representatives is seeking to make the law of the land. The…
LISTEN TO TLR’S LATEST PODCAST: By Ted Goodman The U.S. economy added 138,000 new jobs in May, according to the jobs report released by the Bureau of Labor Statistics Friday. The labor force participation rate fell slightly to 62.7 percent during President Donald Trump’s fourth full month in office, continuing to trend at its lowest rate since the…
By Juliegrace Brufke GOP lawmakers said the nation’s welfare system is keeping Americans trapped in poverty during the Ways and Means Committee hearing on the welfare system in 10 years Tuesday. “The current system is a disjointed maze of more than 80 different programs that have been layered on top of one another with little regard for…
By Chris White Presidential candidate Hillary Clinton apologized Monday for saying in March that she would put coal mines “out of business” after being confronted by a former West Virginia coal miner. The former secretary of state called the comments a “misstatement” during her coal country campaign ahead of Kentucky’s May 17 Democratic primary election. Clinton is…
Michael Bastasch Coal mines shed more than 11,000 jobs in the last year, according to recently released employment data, as the industry continues to contract under onerous federal regulations and faltering demand. Bureau of Labor Statistics reports there were around 56,700 coal miners employed across the U.S. as of March 2016, which is down about…
Martin O’Malley is taking the Bernie Sanders approach to getting headlines: say ridiculously stupid things. O’Malley astutely observed that animals don’t have employment problems. Of course, they also don’t have any system of trade, commerce, or an organized society– but whatever. This is the Democratic debate; it’s a contest to see who can say the…
by Micah J. Fleck [dropcap size=small]I[/dropcap] came across an interesting video recently, produced by the website The Book of Life, titled “Misemployment.” In the video, a lot of postulations are made about the state of things, what priorities we should put within the job market, and what constitutes being truly for the good of…