Nevada’s Rosy Jobless Numbers Courtesy of a Computer? »
(Thomas Mitchell/4THST8) The Nevada Department of Employment, Training and Rehabilitation came out this morning with the January unemployment numbers. The agency says Nevada’s seasonally adjusted jobless rate fell from a revised 13 percent in December to 12.7 percent in January, down from 13.8 percent a year ago and a peak of 14 percent in October 2010. “Nevada continues to show signs of economic recovery, with slow but steady growth in many important areas,” a new [...]
If Reality Bites – Bite Back! »
(Chuck Muth) – If we really want to pull our nation out of this economic abyss, perhaps it’s time to stop babying, coddling and wet-nursing the unemployed. Welcome to Harsh Reality 101! Your instructor today is Bryan Anderson, author of No Turning Back. (Read it!) Bryan joined the Army in 2001, just before 9/11. He then served two tours of duty in Iraq. On October 23, 2005, the Humvee he was driving was blown up [...]
Obama Administration’s Moves On Jobs Are Truly Stunningly Stupid »
(Fred Weinberg/The Penny Press) – Over the years, it has been my privilege to own a few airplanes. Under the right circumstances, they are tremendous business tools. All but one of those aircraft were proudly manufactured in Wichita, Kansas by Americans who were skilled machinists, and held the high level skills you need to manufacture precision equipment which flies. Wichita is kind of a heartland aviation manufacturing Mecca. And, as you might imagine, times there [...]
Washington Crows About Lower Unemployment, Heck Calls It An Illusion »
(Washington, DC) – Congressman Joe Heck made the following statement regarding November’s national employment situation. The economy created 120,000 new jobs as the unemployment rate ticked down 0.4 percent to 8.6 percent. “Anytime the unemployment rate drops and another Nevadan finds a job, it is a good thing, but today’s news is not a victory. “The drop in the unemployment rate is an illusion caused by the fact that 300,000 Americans stopped looking for work [...]
Milking The Unemployment System »
(Chuck Muth) – The story the mainstream press keeps ignoring in the unemployment “crisis” is that there are an awful lot of employable folks who could and would take a job in a heartbeat if their unemployment bennies ran out. As it is, they’d rather live at home with momma, or off a spouse’s income, and sit around doing nothing and collecting an unemployment check than take a job they won’t like or they think [...]
Taxpayers Are NOT Second-Class Citizens »
(Bruce Feher) – The papers are full of the something for nothing crowd crying that they need more. Government at all levels say the same but none seem to give a darn about the folks who have to pay for it. My income is down, my business is down, my investments, well they’re gone, gone, gone. My lifestyle has taken a BIG hit and yet I still pay over 50% of this lowered amount to [...]
American Jobs Act Will Do Little to Stimulate the Economy »
NN&V Exclusive (David Mansdoerfer) – Before writing off President Obama’s jobs now speech, I wanted to take a look at his outline of the American Jobs Act. The American Jobs Act (AJA) can be broken down into two main categories – tax cuts/credits and stimulus spending. For tax cuts, the AJA would cut payroll taxes in half for businesses up to $5 million and give a payroll tax holiday, up to $50 million, if a [...]
White House Content With 9% Unemployment »
(Geoffrey Lawrence/NPRI) – New projections from the White House’s Office of Management and Budget last week predict that the national unemployment rate will remain around 9 percent throughout the next 16 months and will not again approach 6 percent until 2016. Those numbers now approximate what the Congressional Budget Office has said. Yet, even those numbers are rosy compared to what Wall Street analysts have forecast. This stormy vision of the future is being laid [...]
Why Unemployment Persists: Part IV »
(Geoffrey Lawrence/NPRI) – Since the dawn of democratic government, politicians’ favorite path to retaining and/or expanding their power has been to shower voters with promises of things to be delivered for “free.” President Lyndon Johnson won office with promises of a “Great Society,” wherein the elderly would have access to “free” or subsidized health care. President Obama promised to extend that benefit to everyone. President Franklin Delano Roosevelt went so far as to promise every [...]
97,390 Jobs »
NN&V Exclusive (Dan Schwartz) —the number of jobs Nevada will need to return to 5% unemployment and how to start the process. Recently, Governor Sandoval, backed by the Nevada Development Authority, signed AB 449, the Nevada Jobs and Economic Growth Plan. The bill outlines several initiatives to reverse the state’s high unemployment rate. Our leaders regularly talk about “creating jobs” or “getting the economy going again.” These words, however, restate the problem but don’t solve [...]
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