Tag Archives: Unemployment

News

Report finds women outpacing men in educational attainment

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From the Wall Street Journal.

Excerpt:

Young women are outpacing men in educational attainment and there’s little sign males will make up ground any time soon.

Nearly one in four women had earned a bachelor’s degree by the time they reached age 23, compared to just one in seven men, the Labor Department said Wednesday. And while a growing share of professions are expected to require a college education in the future, men don’t appear poised to make up the education gap.

The Labor Department’s report was based on a long-term survey of Americans born between 1980 and 1984. The results are from the latest round of questioning, which took place in 2008 and 2009 when respondents ranged from 23 to 29-years-old.

Because the same percentage of males and females — 16% — were enrolled in college at age 23 “it is unlikely the gap in educational attainment will close in the next few years,” according to the report.

Women were also less likely to have dropped out of high school or opted not to enroll in college.

Those with the most education were also the most likely to hold jobs at the age of 23. Some 89% of bachelor’s-degree holders were employed compared to 75% of high school graduates.

But for many education levels men tended to be more likely to hold a job. Those young men who had dropped out of high school, only attained a high school degree or had some college experience (but no bachelor’s degree) were more likely to be employed at 23 than their female counterparts.

There is currently a lot of legislation that discriminates in favor of women in the schools (Title IX, etc.). Not only that, but the vast majority of teachers are female, which puts the education of boys in peril.

Videos

CBO says that Obamacare will reduce employment by 800,000 workers

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The CBO director was being questioned by Republican Congressman John Campbell when he let something interesting come out about Obamacare.

Here’s the video:

And the transcript: (H/T The Weekly Standard)

Chairman [Paul] Ryan: “[I]t’s been argued…that the new health care law will create jobs and increase labor force participation. But if I recall from your analysis, it was quite the opposite. Is that not the case?”

Director [Douglas] Elmendorf : “Yes.”…

[…]

Rep. [John] Campbell: Thank you, Mr. Chairman, we’ll — and Dr. Elmendorf — and we’ll continue this conversation right now. First on health care, before I get to — before I get to broader issues, you just mentioned that you believe — or that in your estimate, that the health care law would reduce the labor used in the economy by about 1/2 of 1 percent, given that, I believe you say, there’s 160 million full-time people working in ’20-’21.  That means that, in your estimation, the health care law would reduce employment by 800,000 in ’20-’21. Is that correct?

Director Elmendorf: Yes. The way I would put it is that we do estimate, as you said, that…employment will be about 160 million by the end of the decade.  Half a percent of that is 800,000.

I noticed that the Blog Prof found of video of Nancy Pelosi promising that Obamacare would CREATE 400,000 jobs. Ooops.

I am sure that some of the 800,000 people who will be losing their jobs because of Obama’s socialist health care plan voted for Obama in 2008. What were those people thinking?

News

Barack Obama offers to cut 775 million from 3,800,000 million budget

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Last Republican budget was in 2007
Last Republican budget was in 2007

From The Hill.

Excerpt:

President Obama’s budget director Jack Lew in a Sunday opinion piece outlined some off the “tough choices” Obama is willing to make to cut spending in his 2012 budget request due out on Feb. 14.

The piece details cuts that affect initiatives dear to the president: programs to help the poor and to clean up the Great Lakes near the president’s home state of Illinois.

The cuts are relatively small, however, in the larger scheme of things. In total, the $775 million in detailed cuts fall far short of demands by congressional Republicans and will do little toward tackling the deficit, which is estimated to be $1.5 trillion this year by the Congressional Budget Office. The cuts are in addition to a five-year spending freeze which the administration says will save $400 billion over the next decade.

[…][Lew] said “this cut is not easy for” Obama.

The 2012 deficit is projected to be 1,500,000 million. TWELVE TIMES what the last Republican budget was back in 2007, when unemployment was at 4.3%. Government spending means taking money away from productive workers and from the businesses that hire those productive workers.

To see a graphical representation of the cuts as a portion of the entire budget, click here. The cuts cannot be seen with the naked eye, so the there are several images in that post, each one more zoomed in than the last.