Tag Archives: Labor

Only 74,000 jobs added in December, lowest in 3 years

Labor Force Participation down to 62.8%
Labor Force Participation down to 62.8%

CNS News reports on the disappointing job numbers.

Excerpt:

The economy added only 74,000 non-farm jobs in December, the fewest in three years. Yet the unemployment rate dropped 0.3 points to 6.7 percent — the first time in 60 months it has dropped below 7 percent, the Labor Department announced on Friday.

With so few jobs added, the jobless rate still went down because people stopped looking for work.

The Bureau of Labor Statistics says the number of unemployed persons declined by 490,000 to 10.4 million in December, indicating that many of them dropped out of the labor force.

The government counts people as unemployed only if they are actively searching for work.

[…]In 2013, job growth averaged 182,000 per month, about the same as in 2012, when it averaged 183,000 a month.

I am thinking about whether the Obama administration has done anything in the last 5 years to create any jobs. I know they could have suspended the employer portion of payroll taxes. They didn’t do that. They could have allowed the Keystone XL pipeline. They didn’t do that. They could have repealed Obamacare so that employers didn’t have to reduce worker hours to avoid having to pay penalties. They didn’t do that. They could have stopped borrowing over a trillion dollars a year. They didn’t do that.

So I am just wondering what exactly this government has done to create jobs. I know the economy is resilient, and some jobs get created every month, no matter what. But I would like someone to tell me how this government has encouraged the private sector to hire more workers. I think if they had done anything to specifically address jobs, then I would know about it.

Feminist Hanna Rosin debunks the myth of a gender pay gap caused by discrimination

In the far-left Slate, of all places.

Excerpt:

The official Bureau of Labor Department statistics show that the median earnings of full-time female workers is 77 percent of the median earnings of full-time male workers. But that is very different than “77 cents on the dollar for doing the same work as men.” The latter gives the impression that a man and a woman standing next to each other doing the same job for the same number of hours get paid different salaries. That’s not at all the case. “Full time” officially means 35 hours, but men work more hours than women. That’s the first problem: We could be comparing men working 40 hours to women working 35.

How to get a more accurate measure? First, instead of comparing annual wages, start by comparing average weekly wages. This is considered a slightly more accurate measure because it eliminates variables like time off during the year or annual bonuses (and yes, men get higher bonuses, but let’s shelve that for a moment in our quest for a pure wage gap number). By this measure, women earn 81 percent of what men earn, although it varies widely by race. African-American women, for example, earn 94 percent of what African-American men earn in a typical week. Then, when you restrict the comparison to men and women working 40 hours a week, the gap narrows to 87 percent.

But we’re still not close to measuring women “doing the same work as men.” For that, we’d have to adjust for many other factors that go into determining salary. Economists Francine Blau and Lawrence Kahn did that in a recent paper, “The Gender Pay Gap.”.”They first accounted for education and experience. That didn’t shift the gap very much, because women generally have at least as much and usually more education than men, and since the 1980s they have been gaining the experience. The fact that men are more likely to be in unions and have their salaries protected accounts for about 4 percent of the gap. The big differences are in occupation and industry. Women congregate in different professions than men do, and the largely male professions tend to be higher-paying. If you account for those differences, and then compare a woman and a man doing the same job, the pay gap narrows to 91 percent. So, you could accurately say in that Obama ad that, “women get paid 91 cents on the dollar for doing the same work as men.”

I believe that the remainder of the gap can be accounted for by looking at other voluntary factors that differentiate men and women.

The Heritage Foundation says that a recent study puts the number at 95 cents per dollar.

Excerpt:

Women are more likely than men to work in industries with more flexible schedules. Women are also more likely to spend time outside the labor force to care for children. These choices have benefits, but they also reduce pay—for both men and women. When economists control for such factors, they find the gender gap largely disappears.

A 2009 study commissioned by the Department of Labor found that after controlling for occupation, experience, and other choices, women earn 95 percent as much as men do. In 2005, June O’Neil, the former director of the Congressional Budget Office, found that “There is no gender gap in wages among men and women with similar family roles.” Different choices—not discrimination—account for different employment and wage outcomes.

A popular article by Carrie Lukas in the Wall Street Journal agrees.

Excerpt:

The Department of Labor’s Time Use survey shows that full-time working women spend an average of 8.01 hours per day on the job, compared to 8.75 hours for full-time working men. One would expect that someone who works 9% more would also earn more. This one fact alone accounts for more than a third of the wage gap.

[…]Recent studies have shown that the wage gap shrinks—or even reverses—when relevant factors are taken into account and comparisons are made between men and women in similar circumstances. In a 2010 study of single, childless urban workers between the ages of 22 and 30, the research firm Reach Advisors found that women earned an average of 8% more than their male counterparts. Given that women are outpacing men in educational attainment, and that our economy is increasingly geared toward knowledge-based jobs, it makes sense that women’s earnings are going up compared to men’s.

When women make different choices about education and labor that are more like what men choose, they earn just as much or more than men. What does it mean that people on the left keep pushing pseudo-science on us to try to punish men and reward women? Why are men so awful that they need to be denigrated like this? And how will men respond to social expectations when they have to face being told that they are “bad”? It seems to me that putting men down is going to lower their level of engagement.

Labor Force Participation hits 34-year record low

Labor Force Participation Rate from 2007 (Pelosi/Reid) to 2013
Labor Force Participation Rate from 2007 (Pelosi/Reid) to 2013

Power Line blog reports on a disturbing new white paper about unemployment in America.

Excerpt:

A comprehensive disaster like the Obama administration can’t be summed up in one statistic, but the one that comes closest is labor force participation. The combined effect of many misguided policies–Obamacare, ballooning spending, massive debt, tax increases, subsidizing of inefficient energy, anti-growth regulation, encouragement of food stamp fraud, and many more–has been to drive many millions of Americans out of the labor force. Express Employment Professionals has produced a white paper that illuminates this human tragedy:

The labor force participation rate is currently at a level not seen since the 1970s – 63.4 percent.

While the unemployment rate has steadily decreased from its high of 10.0 percent in October of 2009 to 7.4 percent in July of 2013, the percentage of Americans in the labor force has not risen. It has fallen about 2.7 percentage points since the onset of the latest recession.

This is a tragedy in the making, and its impact on the country has been underestimated. When Americans quit looking for work because they conclude not working beats working, America faces a significant problem.

[…]President Obama’s policies have devastated all age groups, but the most heartbreaking impact is on the young:

Gallup reports that, “The lack of new hiring over the past several years…seems to have disproportionately reduced younger Americans’ ability to obtain full-time jobs.”

According to Gallup’s “Payroll to Population” measure, fewer Millennials were working full time in June of 2013 than in June of 2012, 2011, or 2010.

A recent 2012 Pew Research Center study found that 36 percent of the nation’s Millennials were still living with their parents.

And massive growth in the number of people collecting disability, too:

Fourteen million Americans on disability–that is more than the populations of Wyoming, Vermont, North Dakota, Alaska, South Dakota, Delaware, Rhode Island, Montana, New Hampshire, Maine, Hawaii, Idaho and West Virginia, combined: every man, woman and child in 13 states. The exploding ranks of the “disabled” are due to the absence of jobs in Barack Obama’s economy.

Keep in mind that we are blowing through over a trillion dollars in deficits for EACH of Obama’s 4 years in office. Shouldn’t we be getting a higher level of labor force participation? If you took out a loan to expand your business, you would certainly expect to be able to hire more people and get more sales and make more products, wouldn’t you? But it seems as if we took out a HUGE loan as a nation and we are actually contracting our business.

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