Company Gives Away $1,000,000 To Keep 2015 Graduates Off Mom’s Couch

Upon stepping into the real world for the first time upon graduating college, many students are finding that their pricey degrees may not be worth much more than the paper they’re written on.

Fifth Third Bank recently offered to give some help to those who have recently acquired their degree, in the form of $1,000,000 of job market training to 2015 college graduates. Stating that over half of recent American college graduates possess no full-time job, this company decided it was time to step up and do something about it – just in time for graduation season.

This doesn’t mean that over fifty percent of these people have no jobs, but it does mean that over half are getting back less than what they were told they were going to receive when they started off on their college journey. They can only find part-time work, low-paying work, or jobs that do not technically require a Bachelors Degree.

The 2015 job market isn’t only a tough one for recent college grads, but for all Americans. While the Obama Administration has been patting itself on the back lately for bringing the unemployment rate down from 10 percent to 5.5 percent (still higher than before Barry took office) as of February 2015, the reason for that is not actually because more Americans have gotten jobs. Two of the world’s most respect economists, David Blanchflower of Dartmouth College and Andrew Levin of the International Monetary Fund, recently published an article explaining how liberals have lowered the unemployment rate without actually lowering unemployment. They point out that the unemployment rate fell sharply in 2010 and 2011 not because more Americans found work, but because Americans stopped looking for work. As a result of how our government calculates the unemployment rate, these people who stopped looking were taken out of labor force statistics, which removes them from the pool of unemployed citizens as well. Forbes reports that this means “true unemployment rate in the U.S. would be somewhere between 7.4 and 9.4 percent, rather than 5.5 percent.

A $1,000,000 publicity stunt by Fifth Third Bank probably isn’t going to fix the job market all on it’s own, but at least it’s something.

What do you think? Good marketing, a sincere attempt to help America’s future, or both? Let us know in the comments below.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by WesternJournalism.com.

This post originally appeared on Western Journalism – Equipping You With The Truth

Steve Wynn: ‘America Is In A Very Bad Place’

International gaming and casino magnate Steve Wynn said this week in a PBS interview that the great economic recovery is pure fiction. The founder and CEO of Wynn Resorts told KNPB‘s John Ralston that labor statistics are inaccurate.

Well, the idea that America is in the grips of a great recovery is pure fiction. It’s a lie. It’s not true. It’s a jobless recovery because recoveries are marked by the amount of real employment. And if you count the people who have left the work force, real unemployment is 15 to 20 percent.

Mr. Wynn said that he intends on waiting until the general election before he endorses any of the candidates for president; yet he acknowledged that the next president is going to have a monumental challenge.

I’m not endorsing anybody for president. What I do know is that we’ve got a mess in terms of the global economy, geopolitically, Mid-Eastern foreign policy, immigration – beyond disgrace.

Mr. Wynn weighed in on the impact that Obamacare has had on his business and his employees.

I may not agree with things like the Affordable Healthcare Act which was the single worse piece of junk in my lifetime that ever got passed. It was all wrong. And I’m a healthcare provider. It made things worse, not better. I hope to God we can fix it for the sake of my employees. And my union hates it.

The casino mogul summed up the current state of the country by saying:

America is in a hard spot economically, geo-politically. A very bad place. Not to mention race relations have gone to an all-time low.

Mr. Wynn commented that the $18 trillion debt, the devaluation of the dollar, and real inflation is impacting every working American and making it very difficult for the middle class to prosper.

This post originally appeared on Western Journalism – Equipping You With The Truth

Republican Bill Would Change How Unemployment Data Is Calculated

A bill introduced in Congress last week would force the Bureau of Labor Statistics (BLS) to report the “true” unemployment rate. The bill has more than a dozen sponsors.

Rep. Duncan Hunter (pictured above), R-Calif., introduced H.R. 1876, similar to the measure he introduced in 2012 which would change the primary measure of unemployment from the ‘U3’ to the ‘U5.’ BLS calculates U1 through U6, as Forbes notes:

  • U1: Percent of Civilian Labor Force Unemployed 15 Weeks and over
  • U2: Unemployment Rate – Job Losers
  • U3: Unemployment Rate
  • U4: All of U3, plus discouraged workers
  • U5: All of U4, plus marginally attached workers
  • U6: All of U5, plus total employed part time for economic reasons

While BLS calculates every figure, Hunter’s bill would ensure the U5 would be presented to the general public as the official unemployment rate.

In March, the unemployment rate was 5.5 percent using the U3 standard. But using Hunter’s metric, the rate would increase to 6.7 percent. Still, the San Diego-area congressman does not think this is about so-called ‘gotcha’ politics.

“[I]t makes me look bad too when unemployment is sliding … it makes the Republican Congress, the president and the Democratic Senate – anybody who is an elected representative and in charge look bad. I don’t think it goes one way,” Hunter said of his original proposal on Fox News in 2012.

Hunter amplified the case on his Facebook page Tuesday.

I introduced legislation to change the way the federal government reports unemployment. We shouldn’t only count those who are out of work and looking for a job–as currently the case. There are a lot of Americans, whether they are discouraged or face other challenges, who aren’t factored in the monthly U3 rate. They should be counted too–otherwise, true unemployment goes unrecognized.

Hunter has 15 members cosponsoring the bill, which has been referred to the House Education and Workforce Committee. They include:

  • Rep. Rick Allen, R-Ga.
  • Rep. Chris Collins, R-N.Y.
  • Rep. Scott Garrett, R-N.J.
  • Rep. Sam Graves, R-Mo.
  • Rep. Brett Guthrie, R- Ky.
  • Rep. Randy Hultgren, R-Ill.
  • Rep. Robert Hurt, R-Va.
  • Rep. Adam Kinzinger, R-Ill.
  • Rep. Jeff Miller, R-Fla.
  • Rep. Mick Mulvaney, R-S.C.
  • Rep. Steven Palazzo, R-Miss.
  • Rep. Todd Rokita, R-Ind.
  • Rep. Bruce Westerman, R-Ark.
  • Rep. Joe Wilson, R-S.C.
  • Rep. Ryan Zinke, R-Mont.

h/t: The Blaze

Do you like Rep. Hunter’s idea? Share your thoughts in the comments section!

This post originally appeared on Western Journalism – Equipping You With The Truth

Barbra Streisand Thinks Economy Is Doing Great Under Obama

Singer, actress, and political activist Barbra Streisand wants Americans to know that the economy is doing great under President Barack Obama.

She recently published an opinion piece in the Huffington Post entitled, “Have You Heard The Good News?” In the piece, she argues that given the economy Obama inherited, the nation is doing great. She points to the unemployment rate being at 5.5 percent thanks to the 11 million new jobs created since the president took office. She cites liberal New York Times columnist Paul Krugman’s claim that the economy is adding jobs at a rate not seen since the Clinton years in the 1990s.

Striesand’s analysis of the American economy is missing a few key points. First, given the depth of the recession, which began in 2007, the fact that the economy is adding jobs at a fast rate is to be expected, based on past recoveries. Furthermore, the March jobs numbers were nothing to write home about, with the economy adding a meager 126,000 new workers. She fails to mention that the real unemployment rate is over 9 percent, and the nation had not experienced such a low labor participation rate–62.7 percent–since the late 1970s.

The last time the nation experienced a similar recession during the late 1970s and early 80s, Washington took the exact opposite approach Barack Obama and the Democratic Congress took. As President Ronald Reagan famously pronounced, “In this present crisis, government is not the solution to the problem; government is the problem.”

Based on this assessment, the president and Congress cut taxes for individuals, businesses, and investments rather than raising them. They got rid of regulations burdening the energy sector and the overall business climate. In short, they created a climate where people wanted to start new businesses and grow the ones they had.

The results speak for themselves. The nation experienced unprecedented economic growth, with the economy of the United States growing an entire third larger (the size of the entire German economy) while adding 18 million new jobs; real unemployment dropped from over 10 percent to five. Add to this the fact that revenues to the Treasury doubled thanks to the booming economy.

Heritage Foundation economist Stephen Moore identifies a few key steps leaders in Washington could take to get the nation back on track:

Approve the Keystone pipeline, reverse recent EPA regulations that are strangling our oil and gas producers and our utilities, suspend the 50-workers and 30-hours-a-week rules that trigger Obamacare mandates and regulations, and cut the corporate tax rate. The 6.6 million jobs deficit is holding back family incomes and growth and bodes poorly for the future.

No matter what tune Streisand tries to sing about the great Obama economy, Americans know better.

This post originally appeared on Western Journalism – Equipping You With The Truth

BREAKING: Obama’s Economy Lays An Egg Just In Time For Easter

WCJ images Jobs Broken

Given their dismal ability to offer a forecast that’s anything close to accurate, one has to question why anyone other than market-watching broadcast media eager to fill empty air time would pay attention to what economists have to say.

Equally curious, one might notice, is the shameless ability of the leftists to declare a loser to be a winner as they smear a thick coating of glossy lipstick on the pig that is the Obama economy.

PoliticusUSA — the website that touts itself as offering “real liberal politics” — has just put so much spin on the latest jobs report from the government that any reasonable visitor might suffer a debilitating bout of dizziness just reading their post.

“More Bad News For Republicans As President Obama Sets A New Job Growth Record,” proclaims the PoliticusUSA headline. The “record” the lib site trumpets is the administration’s self-declared achievement “that March makes the 61st straight month of job growth — ‘extending the longest streak on record’.”

So the number of jobs added in March was really spectacular, eh? Well, not so much, as USA Today notes in a post far less congratulatory of Obama’s economic policies.

“Employers added a subpar 126,000 jobs in March as the labor market cooled off…. Economists surveyed by Action Economics expected employment gains of 248,000, according to their median forecast.”

Further bad news in the latest unemployment numbers from the feds: “Job gains for January and February were revised down by a total 69,000.”

And about that Obama-driven jobs “record” the far-left website celebrated, a really key number that PoliticusUSA neglected to highlight during their happy dance for the president — the incredibly high number of discouraged Americans who have dropped out of the labor force, job seekers who have given up.

Breitbart digs down into the revealing statistics that expose the failure of the administration to implement policies that benefit Americans across the board:

More Americans dropped out of the labor force last month, as the number of people not in the labor force hit another record high in March.

According to Friday’s Bureau of Labor Statics jobs data 93,175,000 Americans were not in the work force in March, an addition of 277,000 to February’s level of 92,898,000.

The Breitbart post notes that March was the first month in which records have been kept where the number of people not in the U.S. labor force surpassed 93 million.

One sector of the economy hard hit by falling gasoline prices has been the mining industry, which includes oil and gas companies. As USA Today notes:

Oil producers and related service companies have announced about 80,000 layoffs since December amid a sharp drop in crude prices. Manufacturers that supply the industry also have planned an additional 10,000.

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom