Tag Archives: Paul Craig Roberts
Off the 2016 employment cliff
This has been a tremendously hard few months for me. I don’t want to overshare, but unemployment has been at the center of many, many conversations, with family and friends having hit the bricks this year. Friends with ten, fifteen or twenty years of service are being thrown under the bus.The job I’ve had […]
The Jobs Lie–Trump calls it
Everyone reading this knows I’m not a fan of Donald Trump. But he got something right and even MSM has to admit it. I’m not talking about election fraud (which everyone is pretending didn’t happen in the Clinton Vs Sanders dustup). This is fundamental to the case Hillary Clinton is making for a ‘third Obama […]
Worst stock market opening ever
I want to capture this moment, because (depending how things change), people might not have this on their radar screen a month or so from now. Remember, I warned you. The Stock Exchange lost over 5% of its value in the first week after New Year’s, and lost over 900 points. That makes this the […]
93 million: an update
Since I seem to be in update mode, I thought I’d share this. I’ll try to keep things simple. Back in May I wrote that a count of adults unemployed or underemployed in the current economy indicated that there were some 93 million working age Americans who weren’t in the workforce in any reasonable way […]
93 million out of the workforce
There has been much jubilation over the latest unemployment report, which shows that the economy had grown by 223,000 jobs last month. Market analysts and economists were watching the April numbers closely, after an anemic 126,000 jobs added in March had to be ‘adjusted’ down to 85,000 jobs. Remember that anything below 150,000 new jobs […]
Cheap gas and economic collapse
I was hoping to keep this short when I started writing it back in early December, but (to quote Ralph Waldo Emerson), “things are in the saddle and ride mankind.” Oil prices have fallen off a cliff in recent weeks, declining some 45%. It has been a good time for motorists–and for the peak […]
Huzzah! Unemployment fell to 6.7% (NOT)
Per the Bureau of Labor Statistics, we find that the US added a paltry 74,000 jobs in December (I’m assuming that’s seasonally adjusted and doesn’t include people hired for holiday retail). And yet despite that, the Unemployment rate fell to 6.7%. Huzzah!Praise be to Obama! Praise be to the fiscally responsible Republicans who refused to […]
New York doesn’t make anything anymore
A rather chirpy story from UPI (chirpy if you work in medicine) hit the papers today. Per the headlines, nine of the 20 largest employers in the State of New York are hospitals or healthcare networks. The North Shore-Long Island Jewish Health System is the #1 employer in the state, with some 37,000 employees. That’s about […]
A Republican Plan for recovery rejected by the GOP
I haven’t gone rogue here. This is a plan that’s been around for a couple of years now. It bears no resemblance to the plan purportedly being advanced by Romney/Ryan. There are plenty of tax cuts for the wealthy in the plan being advanced by Willard Mitt, but there are no matching sticks for the […]
The Brooklyn Culture Jam 