Job Seekers Swarm Marijuana Job Fair As Colorado’s Green Rush Continues
March 14, 2014 9:37 AM
DENVER (CBS4) – If there was any doubt that the “green rush” is on in Colorado, the scene outside a marijuana industry career fair in Denver on Thursday looked like a throwback to the Great Recession.
Thousands of people waited for hours with resumes in hand in a line that stretched several blocks. TheO.penVAPE Cannabis Job Fair featured 15 different businesses associated with recreational marijuana sales, and it had turn people away by the day’s end.
St. Louis resident Shannon Irvin has been jobless for several months. He drove to Colorado for the fair with hopes of breaking into the state’s budding industry and wound up waiting in line for 2 hours.
Data shows millions of Americans falling out of the workforce
The number of native-born, working-age Americans who aren’t working has shot up by almost 9 million since 2007, and by almost 15 million since 2000, according to a new report by the Center for Immigration Studies, a group that favors reduced immigration.
By late 2012, roughly 50 million native-born working-age Americans weren’t working, up from 40 million in 2000, according to the March 13 report, titled “Still No Evidence of a Labor Shortage.”
The army of idle Americans is important for the immigration debate, because advocates for greater immigration say foreign workers are needed to fill slots that can’t be taken by Americans.
Tesla Stores May Be Closed After N.J. Blocks Direct Sales
Governor Chris Christie’s administration blocked Tesla Motors Inc. (TSLA), the electric-car maker that doesn’t have franchised retail dealers, from direct auto sales in a move the company said could shutter its only two stores in New Jersey.
The New Jersey Motor Vehicle Commission, which includes members of Christie’s cabinet, unanimously approved the proposal yesterday in Trenton, delaying public comment on the matter until after the hearing. Tesla said it learned only a day earlier, after months of negotiations, that the rule change was coming to the most densely populated U.S. state, which is important for reaching customers in the New York metro area.
Christie “has gone back on his word,” Tesla Chief Executive Officer Elon Musk said on Twitter prior to the vote. “His administration, under pressure from auto dealers, may shut down Tesla in NJ as soon as today.”
Tesla is battling dealers state by state to secure or protect the right to sell its cars directly to consumers. Auto dealers in Ohio, New York, Minnesota,Georgia and elsewhere in the past year have sought to block Tesla from directly retailing its models, arguing that independent retailers are better for shoppers and owners of vehicles. Texas dealers successfully backed a law setting the nation’s toughest restrictions on Tesla. Arizona, Colorado andVirginia also imposed limits. (Ohnsman and Dopp/Bloomberg)
Labor Force Participation Hits Record Low for Americans in Their 20s
March 11, 2014 – 11:09 AM
By Ali Meyer
(CNSNews.com) – The labor force participation rate in 2013 for Americans in their twenties hit the lowest level recorded since 1981, when the Bureau of Labor Statistics started releasing employment data on people in the full age bracket of 20 through 29.
The labor force participation rate for people ages 20 through 24—which BLS has been tracking since 1948—hit a 42-year low in 2013.
Since 2008, the last year before President Barack Obama took office, the number of Americans in their twenties who were not in the labor force during the average month has climbed from 8,756,000 to 10,511,000—an increase of 1,755,000 or 20 percent.
Union: Obamacare will slash wages by up to $5 an hour
By Paul Bedard | MARCH 9, 2014 AT 11:15 AM
A national union that represents 300,000 low-wage hospitality workers charges in a new report that Obamacare will slam wages, cut hours, limit access to health insurance and worsen the very “income equality” President Obama says he is campaigning to fix.
Unite Here warned that due to Obamacare’s much higher costs for health insurance than what union workers currently pay, the result will be a pay cut of up to $5 an hour. “If employers follow the incentives in the law, they will push families onto the exchanges to buy coverage. This will force low-wage service industry employees to spend $2.00, $3.00 or even $5.00 an hour of their pay to buy similar coverage,” said the union in a new report.
“Only in Washington could asking the bottom of the middle class to finance health care for the poorest families be seen as reducing inequality,” said the report from Unite Here. “Without smart fixes, the ACA threatens the middle class with higher premiums, loss of hours, and a shift to part-time work and less comprehensive coverage,” said the report, titled, “The Irony of Obamacare: Making Inequality Worse.”
Washington, DC – (3/7/14) – Generation Opportunity, a national, non-partisan youth advocacy organization, is releasing its Millennial Jobs Report for February 2014. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds:
The effective (U-6) unemployment rate for 18-29 year olds, which adjusts for labor force participation by including those who have given up looking for work, is15.8 percent (NSA). The (U-3) unemployment rate for 18-29 year olds is 11.4percent (NSA).
The declining labor force participation rate has created an additional 1.952million young adults that are not counted as “unemployed” by the U.S. Department of Labor because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs.
The effective (U-6) unemployment rate for 18-29 year old African-Americans is23.8 percent (NSA); the (U-3) unemployment rate is 19.3 percent (NSA).
The effective (U-6) unemployment rate for 18-29 year old Hispanics is 16.6percent (NSA); the (U-3) unemployment rate is 12.5 percent (NSA).
The effective (U-6) unemployment rate for 18-29 year old women is 13.4percent (NSA); the (U-3) unemployment rate is 9.7 percent (NSA).
Evan Feinberg, President of Generation Opportunity, issued the following statement:
“Youth unemployment has been way too high for way too long and politicians seem like they don’t even care about this mess that they created themselves.
“Instead of working to create opportunities for my generation, the administration is busy dreaming up new big government schemes that rob us of our prosperity and threaten our future well-being.”
“If government insists on waging this War on Youth, we will have no choice but to fight back and hold them accountable.”
Report: Toys ‘R’ Us says it will cut 200 jobs at headquarters
MONDAY MARCH 3, 2014, 6:57 PM
BY JOAN VERDON
STAFF WRITER
THE RECORD
Toys “R” Us is expected to announce layoffs at its headquarters in Wayne, and some 100 store closings in the coming weeks, according to industry sources.
Toys spokeswoman Kathleen Waugh would not comment Monday on a New York Post report that the retailer is preparing to eliminate up to 200 corporate jobs, but toy industry sources said they expect cutbacks will be announced soon.
“We’re all waiting for the shoe to drop,” said one toy analyst.
At the American International Toy Fair in New York City two weeks ago, several manufacturers said privately that Toys executives had told them they would be making cuts and streamlining operations in order to improve the company’s focus.
Summer Job Openings Hoping to be Filled at YWCA Bergen County Job Fair
Become Part of the YWCA Team as a Summer Camp Counselor or Lifeguard
YWCA Bergen County will be holding a job fair in search of individuals who want to join our team as Summer Camp Counselors and Lifeguards. Positions available for three of our Summer Camps throughout Bergen County as well as Lifeguarding opportunities at our camps and Englewood swim programs.
Job fair will be held from 6:30 – 9:30 pm on March 27, 2014 in the Salamone Room at YWCA Bergen County, 112 Oak Street, Ridgewood. There will be information regarding summer camps, applications available, raffles and giveaways as well as on-site interviews with camp directors. For those interested in lifeguarding, there will be a FREE prerequisite water skills test occurring that night.
Camp Counselors must be at least 18 years of age and available to work June 23 – August 22, 2014. Lifeguards must be at least 15 years of age and able to work May 24 – August 31, 2014. For more information, please contact Kerry Jannicelli at 201-345-1906 or visitwww.ywcabergencounty.org.
FRIDAY MARCH 7, 2014, 12:02 AM
BY JOAN VERDON
STAFF WRITER
THE RECORD
The experts who keep track of store openings and closings have been forecasting for more than a decade that the day was coming when American retailers would have to pay for building far too many stores.
That day of reckoning, some say, has arrived, with one retail watcher predicting a “tsunami” of store closings this year.
That prediction, by Brian Sozzi of Belus Capital Advisors in New York, was made in January. RadioShack announced this week that it was closing up to 1,100 of its stores, and Staples said Thursday that it was shutting 225 of its locations.
Even retailers that recently have been in expansion mode are trimming their store counts. Teen retailer Aéropostale is planning to close 175 stores in coming years. The Children’s Place of Secaucus, while continuing to open stores, will shutter 125 of its weakest shops by 2016.
Face it, liberals: Obamacare will increase the federal deficit
David Hogberg • | FEBRUARY 14, 2014 AT 7:17 PM
Liberals have accepted that Obamacare will increase the federal deficit. They just don’t know it yet.
When the Congressional Budget Office released its Budget and Economic Outlook on Feb. 4, which was quite devastating for Obamacare, liberal commentators were desperate to find the pony in it. Many of them touted claims that the report shows that Obamacare will reduce the deficit.
What the report actually did was refer to a previous CBO report showing that, from 2013-2022, Obamacare reduces the deficit by a cumulative $109 billion. That’s true in the “balance sheet” method that CBO must use to evaluate Obamacare or any other piece of legislation. In other words, the CBO can only count the revenues Obamacare raises against the benefits it must pay out.
Yet Obamacare has impacts beyond those that appear on a balance sheet. If it influences the economy negatively, it can also affect the budget. And that is exactly what the CBO found.
Obamacare’s Medicaid expansion and exchange subsidies will encourage some employees to work fewer hours. Because Medicaid and exchange subsidies are based on income and decline as one’s income rises, the CBO anticipates workers will reduce their hours in order to maintain their Obamacare benefits. By 2024, those reduced hours will reach the equivalent of 2.5 million jobs.
Thomas J. Donohue :A steady flow of talented, industrious immigrants can fuel a booming economy
Thomas J. Donohue is president and CEO of the U.S. Chamber of Commerce
McClatchy-Tribune News ServiceFebruary 13, 2014
WASHINGTON — In a global economy, investment follows talent. When we draw top talent to our shores, investment dollars follow because companies want to be near the best workers.
An infusion of capital and economic development will be a tide that lifts all boats, creating jobs and opportunity for all Americans.
But the reverse is also true. If companies can’t find talent on U.S. soil, or if it becomes too costly and burdensome, they will move their operations elsewhere. It’s in our own best interests to welcome the world’s brightest minds and hardest workers into our economy.
Immigrants can help bridge a growing skills gap in science, technology, engineering and math – the so-called STEM fields that are vital to a modern, competitive economy.
The Ridgewood Police Department is accepting applications for school crossing guard positions.
Applications are available at the Police Desk located at 131 N. Maple Ave. A part-time position, 10 hours per week (two hours per day), starts at $17.49 per hour.
Send application to Police Chief John Ward, Ridgewood Police Dept., 131 N. Maple Ave., Ridgewood, NJ 07450 or return the application to the police records room.
The Village of Ridgewood is an EOE and civil service community.
Almost One in Four 26-Year-Olds Still Live with Parents
A ten-year survey of millennials reveals that almost one in four (22.6%) 26-year-olds are still living with their parents.
The U.S. Department of Education report confirmed that, if you are tired of living with Mom and Dad, then do your homework and stay in school. According to the survey titled “Where Are They Now,” education makes a difference: generally those with more schooling were less likely to be living at home.
The study shed some light on how older millennials have been faring during the Great Recession. According to a Pew Research analysis of the 2012 data, lower levels of employment, an increase in college enrollment, and a decrease in young people getting married are major factors in the increase of millennials living at home.
15.8% of Young People Still Out of Work in January
Washington, DC – (2/7/14) – Generation Opportunity, a national, non-partisan youth advocacy organization, is announcing its Millennial Jobs Report for January 2014. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds:
The effective (U-6) unemployment rate for 18-29 year olds, which adjusts for labor force participation by including those who have given up looking for work, is 15.8 percent (NSA). The (U-3) unemployment rate for 18-29 year olds is 11.3 percent (NSA).
The declining labor force participation rate has created an additional 1.922 million young adults that are not counted as “unemployed” by the U.S. Department of Labor because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs.
The effective (U-6) unemployment rate for 18-29 year old African-Americans is 23.9 percent (NSA); the (U-3) unemployment rate is 20.1 percent (NSA).
The effective (U-6) unemployment rate for 18-29 year old Hispanics is 16.7 percent (NSA); the (U-3) unemployment rate is 12.2 percent (NSA).
The effective (U-6) unemployment rate for 18-29 year old women is 13.5 percent (NSA); the (U-3) unemployment rate is 9.9 percent (NSA).
Evan Feinberg, President of Generation Opportunity, issued the following statement:
“Young Americans can thank Obamacare for such a bleak jobs picture. The Congressional Budget Office wasn’t lying when it reported Obamacare will reduce the American workforce by an additional 2 million jobs over the next three years.
“15.8% of us are still out of work and we have almost nothing to show for it – fewer people have health insurance now than in 2009.”
CBO nearly triples estimate of working hours lost by 2021 due to Affordable Care Act
No compelling evidence Obamacare increased part-time work: CBO
Tuesday, 4 Feb 2014 | 11:00 AM ET
A historically high number of people will be locked out of the workforce by 2021, according to a report by the Congressional Budget Office released Tuesday.
President Barack Obama’s signature health-care law will contribute to this phenomenon, the CBO said, citing new estimates that the Affordable Care Act will cause a larger-than-expected reduction in working hours—eliminating the equivalent of about 2.3 million workers in 2021.
In 2011, the CBO estimated the law would cause a reduction of about 800,000 full-time equivalent workers.
“CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor—given the new taxes and other incentives they will face and the financial benefits some will receive,” said the report.
“The reduction in CBO’s projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024,” it added.
