Neel Kashkari on the Jobs Situation in California

Neel Kashkari decided to highlight the bad jobs situation in California by putting "only $40 in my pocket (and no credit cards), a backpack, a change of clothes and a toothbrush," traveling to Fresno (by Greyhound bus), and seeing whether he could find a job. Any job. It should not have been difficult; as Kashkari …

Just a Reminder: The Labor Market Is Still Unhealthy

To wit: After adding 217,000 net new jobs last month, the U.S. economy has recovered all the positions lost during the Great Recession. But economists warned that the news Friday from the Labor Department was no real reason to celebrate. “Things are improving, but it’s happening agonizingly slowly,” said Heidi Shierholz, a labor market economist …

Let’s Discuss the Unmentionables

I know that it is now considered déclassé to say anything negative about Obamacare; we are merely to assume that it has succeeded beyond anyone's wildest dreams and that anybody who suggests otherwise is either stupid or lying or both. But when I read stories like this one, I can't help but think that believing in …

Just What We Needed: More Bad Employment News

Justifying my decision to look askance at the latest jobs report, we have this story, which informs us that "total employment has declined by half a million," and that the economy is not keeping up with population growth. Again, let me state that the Federal Reserve has to continue bond purchases and any other forms …

There Ain’t No Such Thing as a Free Lunch (French Edition)

The French have decided to make leisure time mandatory: Just in case you weren't jealous enough of the French already, what with their effortless style, lovely accents and collective will to calorie control, they have now just made it illegal to work after 6pm. Well, sort of. Après noticing that the ability of bosses to invade their employees' …

Another Disappointing Employment Report

I don't quite understand how this story can seem to be so sanguine about the employment situation; 192,000 jobs created is simply not enough to keep up with population growth, let alone being enough to turn around an employment market that has been weak since the onset of the recession in 2007. We should be creating …

Unbelievably Enough, We Have News of Still More Obamacare Problems

Just unbelievable: It’s been a bad week for Obamacare.  Incredibly, the White House has had to grant yet another delay in the employer mandate. This time, employers with between 50 to 99 employees who don’t already offer health insurance to their employees have until 2016 to comply with the shifting Obamacare requirements.  This latest delay represents …