[Daily Caller] The Supreme Court granted an injunction against the Obama administrationÂ’s so-called religious fix to ObamacareÂ’s birth control mandate for a small Christian college late Thursday.
Wheaton College in Illinois will not have to sign a form signaling their religious opposition to the birth control mandate so that employees can obtain contraceptives free from their insurer until court battles over the contraceptive rule are concluded, the court announced. Harvard Law graduate and U.S. Constitutional expert gets it wrong again.
Unexpectedly. I thought May was bad. Now May is good.
The labor market continued to gain momentum and defy a mixed economy in June as employers added 288,000 jobs, the Labor Department said Thursday. Economists had estimated that 215,000 jobs were added last month. Why is it a "mixed economy" if jobs are up and Wall Street is at an all-time high?
The economy has now gained at least 200,000 jobs a month for the past five months �-- the first such stretch since September 1999-January 2000. The unemployment rate fell to 6.1% vs. 6.3% in May. That's the lowest it's been since September 2008. Obamalicious! On the other hand ...
A broader measure of distress in the job market �-- which includes part-time employees who prefer full-time jobs, Americans who have given up looking for work, and the unemployed �-- dipped to 12.1% from 12.2%. The number of Americans out of work at least six months dropped by 293,000 to 3.1 million. The long-term unemployed still make up 32.8% of all the jobless.
One modest disappointment is that the report did not reveal the pickup in wage gains that economists have been anticipating. Average hourly earnings are up just 2% over the past 12 months. And something less than ten percent over the last 30-odd years. In constant dollars, sometimes called "real growth".
That likely will prompt the Federal Reserve to stick to a rough blueprint that doesn't have it raising short-term interest rates before the middle of 2015, says Paul Ashworth of Capital Economics. After the election. Unexpectedly. When debt service will jump dramatically. Just in time to be blamed on the new conservative Congress.
But Ashworth expects minimum wage increases to accelerate the second half of the year, leading the Fed to raise rates next March.
Also, initial jobless claims have fallen to pre-recession levels. So the recession is nearly over? Again?
The surprisingly resilient job market has contrasted with an economy that contracted 2.9% in the first quarter �-- its worst performance in five years �-- and weak consumer spending recently. Aha! So the public still has no confidence in the 'recovery'. Maybe the 15-bazillion dollar debt is making people nervous? Or the Chinese expansion? Syrian meltdown? Iranian bomb? Illegal immigration? Skyrocketing food prices? IRS abuses? Global warming? Fracking earthquakes? We have nothing to fear ... but fear itself.
Posted by: Bobby ||
07/04/2014 12:16 ||
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Link ||
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#1
not even replacement numbers
Posted by: Frank G ||
07/04/2014 13:26 Comments ||
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#2
The Labor Dept numbers are so cooked they're useless. Check with how many are getting social security deductions from their paycheck to get an idea of employment. State/local/union pension deductions are not going the alter significantly. That'll give you a picture of who's working and who's not. From that you'll get the real unemployment figures.
#5
I'll trust Putin before I trust O's stats. Taking a cue from Stalinist Soviet stats...i.e. everything is peachy, the new 'Five Year Plan' is a success.
#6
Yup -- SS deductions, productivity, the E6 unemployment rate, the proportion of adults working, median hourly wage -- those are the numbers that help you understand the economy.
Posted by: Steve White ||
07/04/2014 18:13 Comments ||
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#7
Pappy's comment on productivity is very important.
The 1st Q of the calendar year had a declining GDP with increasing employment. That created the worst productivity decline in the history of measurement.
Productivity decline eventually works its way into the economy decreasing profits and govt revenue while putting upward pressure on prices. It takes more than a few months but it happens.
One of the reasons for the increase in employment numbers may be the end to the generous unemployment eligibility period.
Posted by: lord garth ||
07/04/2014 18:18 Comments ||
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#3
Image of useful idiot. You know Sheila that your party practices special interest politics. They'll deliver more votes for power to the party and your interest group. That means demographically the Hispanics are already a larger 'minority' than your constituency and will only grow bigger with amnesty. That means also as the pie starts to shrink, you and yours are 'under the bus'. How does flooding the market with low skill workers help low skill black youth unemployment, outside of the neighborhood drug trade? /rhetorical question
#6
Jackson Lee? For a Black woman? Were her parents nuts?
PS: Yes I know about Lee being unfavorable to slavery (but unlike Bedford-Forrest or Beauregard doing little for former slaves after the war) and about Jackson's efforts for educating Blacks. Still feels odd Black parents honoring two men who, de facto, put their swords at the service of slavery.
#15
Congresswoman Sheila Jackson Lee (D-Texas) claimed that the United States Constitution is 400 years old. Lets see if the US Constitution is 400 years old then the USA must be the same age... I love Democrat math, she is on so much sugar crack her brain is in warp drive. Jim Beam her up Scotty !
#16
Beaming her up might result in some sort of galactic contamination. Better she remain here and continue to pontificate. I actually enjoy watching and listening to the IG-69 crowd. Can't do much about it, might as well take advantage of the humour.
[Daily Caller] A huge missed opportunity. Shame on Rep. Jim Bridenstine for not forcing the issue and making those contract guards wrestle him to the ground in front of cameras. As special thanks also to the spineless Commanding General of Fort Sill for not going along with Rep. Bridenstine to ensure he was permitted into the facility.
#1
Denying a lawmaker into a U.S. facility with no explanation? Immediately, I am suspicious of lawless activity going on behind the wire. That does not even consider the lawless activity already going on by permitting illegals into the country. And who are these rent-a-cops guarding the facility? What is there authority?
#3
Yes, B. As the installation commander, he does have authority to oust anyone from the grounds who is not compliant with lawful orders. Take note of what is posted at the gate and along the fence lines as to what 'law' is in effect. However, I'd fire the entire chain of command up to the Chairman if anyone tried to override him. BTW, the installation commander usually is of a rank that is retirement eligible. Force the issue by firing him and the public fallout would be the equivalent of a nuclear handgrenade. Given that they're tone deaf in the WH, they won't notice the sand falling from beneath their feet till its way too late.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
One modest disappointment is that the report did not reveal the pickup in wage gains that economists have been anticipating. Average hourly earnings are up just 2% over the past 12 months.
