Showing posts with label Jobs 2019. Show all posts
Showing posts with label Jobs 2019. Show all posts

Sunday, December 8, 2019

Employment discrimination against the old: More than 50% over 50 get fired, almost all end up in low-wage jobs from then on

Sudden and harrowing downward mobility:

According to the Urban Institute, more than half of all workers over 50 in the U.S. eventually lose their jobs involuntarily, and 90 percent of those workers get consigned to lower-paying work for the rest of their careers.

Wednesday, December 4, 2019

Whaddayamean we don't have a king?

King of Shitty GDP

King of Unemployment
Or was it the other way around, I can't remember now.

Thursday, September 26, 2019

Thursday, August 22, 2019

Jobless claims in today's report are lower in all three categories than a year ago

Not by much but they are, so no evidence of a reversal this week as seen previously, which would be concerning during the high season for jobs.

Friday, July 5, 2019

Saturday, May 18, 2019

People keep repeating the myth of "no immigration from the 1920s-1960s" because Rush Limbaugh spread it in 2014


Every time I tell people that there was no immigration in this country for over 40 years, from the 1920s to the 1960s, seventies, they’re shocked. You’d be amazed at the number of people that do not know we totally closed the borders after the wave of European immigration in the 1920s. And we did it for one reason. That mass arrival of immigrants needed to be assimilated.

The truth is between 1920 and 1965 inclusive we let in 10.1 million, 4.5 million of which came in between 1920 and 1930. It was the Great Depression and World War II which brought immigration down to a trickle. There were no jobs for the people already here in the 1930s for cying out loud, and we didn't want any Nazty Spies comin' in in 1940 either.

You can examine the data for yourself here:




Thursday, May 16, 2019

Jobless claims return to pattern, coming in under levels a year ago at the same time

Except in the seasonally-adjusted 4-week moving average, obviously, where the recent upticks above levels a year ago at the same time are working their way through the average.