Tag Archives: Unemployment

Wake Up! The American Economy is NOT Improving!

Economy

We have been hearing from mainstream news that the economy is sluggishly improving, but is it really? How could it be improving when foreclosures are at an all time high in New Jersey? How could it be getting better when American company Radio Shack is on the verge of selling out and desperately looking for capital? How could it be improving when American companies like Burger King strategically buy Canadian based Tim Horton’s in order to move its headquarters to Canada to avoid paying our high corporate tax rate? How can it possibly be getting better when the vast majority of the jobs in our country are now service industry jobs like flipping burgers. These jobs are acceptable for teenagers looking to make extra money, or seniors who are retired and looking for a little extra cash. However, they are inadequate for head of households looking to feed their families, pay for a mortgage, bills and gas. These jobs are not enough to pay back student loans for college graduates.

“Free Trade” Has Weakened the Middle Class

unemployment

A new jobs report out last Thursday showed companies added 288,000 jobs in February. Only 16,000 of those jobs are in goods-producing industries. The rest are in service industries such as retail and hospitality.

Americans Don’t Have Money to Burn at Casinos

money

We have been hearing from mainstream news that the economy is sluggishly improving, but is it really? How could it be improving when foreclosures are at an all time high in New Jersey? How could it be getting better when American company Radio Shack is on the verge of selling out and desperately looking for capital? How could it be improving when American companies like Burger King strategically buy Canadian based Tim Horton’s in order to move its headquarters to Canada to avoid paying our high corporate tax rate? How can it possibly be getting better when the vast majority of the jobs in our country are now service industry jobs like flipping burgers. These jobs are acceptable for teenagers looking to make extra money, or seniors who are retired and looking for a little extra cash. However, they are inadequate for head of households looking to feed their families, pay for a mortgage, bills and gas. These jobs are not enough to pay back student loans for college graduates.

Our Failed Trade Policies Have Destroyed Our Nation’s Economy

economiccollapse

The Federal Reserve is set to end its economic stimulus program in October, bringing to an end the controversial five-year-old scheme. All of this is unnecessary as we should be focused on rebuilding our manufacturing strength rather than giving more money to the biggest banks.

The Truth About America’s Job Situation

Unemployment Jobs

A report came out showing that jobless claims decreased for the month of August. Bloomberg reports that this is a sign that our labor market “continues to strengthen.” However, detailed within the report we found that the jobs obtained in the month of August were service sector jobs within the food service, hospitality and retail industry. The Bureau of Labor Statistics study found that “within leisure and hospitality, employment in food services and drinking places continued to trend up in August (+22,000) and is up by 289,000 over the year.”

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