By Terence Jeffrey | 02/19/14 10:57 AM
In his weekly address last Saturday, President Obama described his proposal to increase the federal minimum wage from $7.25 to $10.10 per hour in language suggesting this would not be a tax increase.
By Washington Examiner | 02/19/14 08:45 AM
It may be difficult for some to recall, but President Obama repeatedly promised the American people in 2009 that his $787 billion economic stimulus program would create millions of new jobs and shrink the unemployment rate as it jolted the economy into sustained growth. He also promised it would...
By Joel Gehrke | 02/18/14 06:09 PM
White House economist Jason Furman rejected the Congressional Budget Office's prediction that a minimum wage increase will cost 500,000 jobs as out of step with the economic consensus. "This is not a piece of original research into the impact of the minimum wage on employment," Furman told...
By Joseph Lawler | 02/18/14 05:15 PM
Raising the minimum wage to $10.10 by 2016 would increase wages for 16.5 million workers but lead to a loss of about 500,000 jobs, according to an estimate from the Congressional Budget Office released Tuesday afternoon. The potential job losses projected by the CBO ranged from a "slight...
By Philip Klein | 02/18/14 04:07 PM
A new report by the Congressional Budget Office contradicts several arguments President Obama has advanced as part of his campaign to raise the federal minimum wage to $10.10 per hour.
By Mark Tapscott | 02/18/14 08:54 AM
Remember when President Obama joked with members of the President's Council on Jobs and Competitiveness that those "shovel-ready jobs weren't as shovel-ready as we expected"? That was one of the few times Obama seemed to acknowledge, if only faintly, that his $763 billion economic stimulus...
By John D. Oravecz | 02/18/14 08:40 AM
Her rent is due March 1, and Sheri Minkoff's main concern right now is where the money will come from.
By Joel Gehrke | 02/17/14 05:33 PM
President Obama's economists celebrated the fifth anniversary of the 2009 stimulus Monday, even as a new Gallup survey finds that Americans see unemployment as the biggest problem facing the country.
By Michelle Malkin | 02/14/14 11:10 AM
On Feb. 17, 2009, President Obama promised the sun and the moon and the stars. That was the day, five years ago, when he signed the $800 billion "American Recovery and Reinvestment Act." President Modesty called it "the most sweeping economic recovery package in our history." He promised...
02/13/14 09:31 AM
ALBANY, N.Y. — Authorities say they've arrested 18 Albany-area residents who scammed New York state out of $150,000 in unemployment benefits. State police and the Department of Labor say their separate investigations began weeks ago. Officials say the suspects were receiving unemployment...
By Christopher S. Rugaber | 02/13/14 08:11 AM
The number of people seeking U.S. unemployment benefits rose 8,000 last week to 339,000, evidence that layoffs ticked up. Still, the increase wasn't enough to suggest the job market is worsening.
By Joseph Lawler | 02/12/14 01:50 PM
Over the course of 2013, 53.3 million Americans were hired, and there were 51.4 million total job separations, for a total of 1.9 million jobs created.
By Joseph Lawler | 02/12/14 12:26 PM
The days of low inflation may be coming to an end, if a new analysis from the Federal Reserve is right. While high unemployment has kept inflation low for the past few, according to researchers at the New York Fed, short-term unemployment has now returned to a normal level. And it's short-term...
By Joseph Lawler | 02/11/14 01:36 PM
In her first public appearance as chairwoman of the Federal Reserve, Janet Yellen fielded questions from members of the House Financial Services Committee on Tuesday. During the hearing on monetary policy, which was required by law, Yellen addressed questions about her plans for the Fed and...
By Joseph Lawler | 02/11/14 09:00 AM
Janet Yellen will signal continuity with her predecessor Ben Bernanke in her first public appearance as Federal Reserve chairwoman before the House of Representatives Tuesday morning, saying that she expects the Fed to continue to taper its asset purchases in "measured steps" in the months ahead.
By Paul Bedard | 03/09/14
By Charlie Spiering | 03/09/14
By Joel Gehrke | 03/08/14
By Philip Klein | 03/06/14
By Joel Gehrke | 03/08/14