April job cuts rise 17 percent to 40298, Challenger Gray & Christmas report, Unemployment claims rose 14000, Labor force participation rate record lows, Record food stamp usage

April job cuts rise 17 percent to 40298, Challenger Gray & Christmas report, Unemployment claims rose 14000, Labor force participation rate record lows, Record food stamp usage

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working. So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh. One-fifth of the families in the entire country do not have a single member with a job. That is absolutely astonishing. How can a family survive if nobody is making any money? Well, the answer to that question is actually quite easy. There is a reason why government dependence has reached epidemic levels in the United States. Without enough jobs, tens of millions of additional Americans have been forced to reach out to the government for help. At this point, if you can believe it, the number of Americans getting money or benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million.”…Zero Hedge April 29, 2014

 
You just read that 20 percent of American Families have no one employed.

We have record food stamp usage.

We have record lows of labor force participation.

You will read below that the planned job cuts compare favorably to 1997 levels.

But that is comparing apples and oranges.

Why?

The Labor force participation rate in 1997 was 67 percent.

It is 63.2 percent now.

More people have dropped out of the labor making the current jobs cuts more significant.

The labor force participation rate has plummeted since the Democrats took control of congress in January 2007 and Obama took the White House in January 2009.

From Challenger Gray & Christmas April 30, 2014.

“Job cut announcements by U.S.-based firms were up 17 percent in April, as employers in retail and financial services continued to shed workers in a challenging business environment.

Employers announced plans to shed 40,298 workers from their payrolls in April, according to the monthly report released Thursday by global outplacement firm Challenger, Gray & Christmas, Inc. That was up from 34,399 in March and 6.0 percent higher than the 38,121 job cuts recorded in the same month a year ago.

So far in 2014, Challenger has tracked 161,639 announced job cuts, 12 percent fewer than the 183,162 planned layoffs in the first four months of 2013.

“Despite the April increase, the pace of downsizing remains relatively low. We just saw the lowest first-quarter total in 19 years and the year-to-date monthly average of 40,410 is the lowest since 1997,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas.”

Read more:

https://www.challengergray.com/press/press-releases/2014-april-job-cut-report-job-cuts-rise-17-40298

From the US Labor Dept. April 30, 2014.

“In the week ending April 26, the advance figure for seasonally adjusted initial claims was 344,000, an increase of 14,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 329,000 to 330,000. The 4-week moving average was 320,000, an increase of 3,000 from the previous week’s revised average. The previous week’s average was revised up by 250 from 316,750 to 317,000.”

Read more:

http://www.dol.gov/opa/media/press/eta/eta20140709.pdf

 

 

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19 responses to “April job cuts rise 17 percent to 40298, Challenger Gray & Christmas report, Unemployment claims rose 14000, Labor force participation rate record lows, Record food stamp usage

  1. Earlier today I heard the columnist, Jonah Goldberg, say something to the effect that Jay Carney is a consummate liar, plus he is a bad one at that.
    At the presser today, Jay did not disappoint. I’ve never seen so much dancing around the recently disclosed WH e-mail indicating that there was a concerted effort to conceal from the public that Benghazi was a terrorist attack.
    This is what Jay said re. the alleged coverup (for political purposes):

    “Coverup” is a bogus GOP conspiracy theory.

    Jay was at his best today in reversing the blame. As with Watergate and Nixon, it is the coverup by this administration that could bring it down. I pray that something happens soon.

  2. John in Illinois

    Don’t forget the IRS scandal, Fast n Furious scandal, ObamaCare fiasco.
    How much can we take?
    Can’t wait till the CCP announcement , wow !

  3. Dear friends,

    I wanted to let you know about a new petition I created on We the People, a new feature on WhiteHouse.gov, and ask for your support. Will you add your name to mine? If this petition gets 100,000 signatures by May 31, 2014, the White House will review it and respond!

    We the People allows anyone to create and sign petitions asking the Obama Administration to take action on a range of issues. If a petition gets enough support, the Obama Administration will issue an official response.

    You can view and sign the petition here:

    http://wh.gov/lGOS1

    Here’s some more information about this petition:

    SHOW THE U.S. SUPREME COURT AND ANY FEDERAL COURT THERE IS COMPELLING PUBLIC INTEREST IN IMPANELING A GRAND JURY TO HEAR

    Douglas Vogt’s case before the U.S. Supreme Court is to be heard around May 15th, 2014. The Federal court in Washington State denied Vogt’s petition due to not being in the public interest. Constitutionally, the courts are required to impanel a grand jury as written by the founding fathers from anyone requesting it. Now, it has changed recently to have a prerequisite of public interest at the court’s discretion. This is wrong because it now leaves WE THE PEOPLE out of the checks and balances of power to the three branches of the government. Especially the executive branch, which is abusing their claim to executive privilege.

  4. bob strauss

    Wow: When A Guy Pulls Out One Of These, And Then Says This, You Know Harry Reid Has A Problem

    Read more at http://www.westernjournalism.com/harry-reid-civil-war/#m7GJVE4i8C3aFISx.99

  5. bob strauss

    Demorats have beaten this “racist” crap into the ground.
    ***********************
    Less than two weeks ago, we reported that the race card had been taken to new levels when a University of Minnesota study absurdly made the claim that air pollution is racist.

    Apparently, Obama EPA Chief Gina McCarthy has received the memo and is jumping on the bandwagon to push the ridiculous meme, in a sleazy attempt to recruit more lifelong communists.

    http://www.tpnn.com/2014/04/30/obama-epa-chief-pollution-is-racist/

  6. bob strauss

    Another statistic to consider is the number of baby boomers leaving the workforce, and whether they are replaced, or their jobs are eliminated.

  7. bob strauss

    CIA Expert: Damning Obama Verdict Should Lead To Arrest And Imprisonment Of Washington Criminals…

    20-year CIA employee and strategic policy expert Clare Lopez joins Rick Wiles to share explosive news, a ‘damming verdict’ that should lead to the indictment, arrest and imprisonment of Barack Obama, Hillary Clinton and a long list of other criminals in Washington. This verdict was reached by the Citizen’s Commission on Benghazi and the bombshell information contained herein shares that while under Obama, the United States “switched sides” in the war on terror and now openly supports the al-Qaeda terrorists

    http://prepperchimp.com/2014/04/30/cia-expert-damning-obama-verdict-should-lead-to-arrest-and-imprisonment-of-washington-criminals-audio/.

  8. Here is the root of America’s problems

  9. Another reason that there are not enough younger workers to pay for the numbers of retiring Americans, beyond the Obama policies of intimidation, regulation, and taxation of the job creators and his refusal of the pipeline, is the fact of him truly being “the abortion pResident”. Through his forcing of all Americans to pay for abortions for any reason and at any stage (even completing the job outside the womb), he continues the slaughter of those younger generations (and that includes all of the generations that would have followed them) that now, after 40 years amounts to the number of near or at 56,000,000. Sick, sick naked emperor.

  10. bob strauss

    Observer | May 1, 2014 at 6:30 pm |
    What I have learned.

    If the usurper is in support of a policy in America, you can believe that he thinks it is hurtful to our country.

  11. Today’s Guest : Michael Shrimpton and Lord Christopher Monckton

    Topic : Barack Obama’s fraudulent identity and origin are once again facing serious scrutiny with the criminal case brought against UK-based lawyer, Michael Shrimpton, who intends to subpoena DNA evidence gathered by the CIA which proves Obama was born in Kenya. Shrimpton, a barrister called to the Bar in London in 1983 specializes in National Security and Constitutional Law, Strategic Intelligence and Counter-terrorism. He has wide ranging connections both in Western Intelligence agencies and amongst ex-Soviet Bloc agencies. Joining him on this bombshell program is none other than UKIP advocate and former aide to Margaret Thatcher, Lord Christopher Monkton.
    http://www.trunews.com/listen/

  12. bob strauss

    5-Minute Speech that Got Judge Napolitano Fired at Fox News
    Truth, Justice and Freedom come with a price.

  13. Not sure this is current or accurate news regarding the Judge

  14. WHY IS CBS NEWS SO QUIET ON BENGHAZI?

    The disclosure this week of a White House document on Benghazi has thrust CBS News into the spotlight for its coverage in the aftermath of the terrorist attack.

    CBS News President David Rhodes is the brother of Ben Rhodes, the White House deputy national security adviser who drafted the newly released document about Benghazi just days after the Sept. 11, 2012, attack that killed four Americans. Ben Rhodes’s involvement was first revealed Tuesday when Judicial Watch obtained the document as part of a court case.

    READ MORE…….
    http://blog.heritage.org/2014/05/01/cbs-news-quiet-benghazi/

  15. RE Harvey Milk Stamp
    Don’t buy it!
    Question…..
    Why did funeral director place Harvey Milk’s body face-down in the casket?
    So his friends would recognize him.

  16. Good Morning CW, et al.

  17. citizenwells

    Good morning Zach, et al.

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