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“$1MM Per Minute In Salaries, $22BN Per Year In Vacation Pay” And Other Fun Facts About The Federal Workforce

The folks at Open The Books decided to take a deep dive into the salaries of 1.97 million federal employees, using data collected from the Office Of Personnel Management and the USPS via FOIA requests, and the endless examples of excessive pay and pure waste are sure to make you sick, if not downright suicidal.  […]


Why Governments Treat You Like a Number, Not an Individual

Via The Daily Bell Governments hate anything that empowers individuals. This is because it makes governing harder. And this holds true regardless of whether you view government as overall good, or generally evil. Say the U.S. government has the best intentions for making the drinking age 21. Surely some 18-year-olds could handle drinking, and surely […]


Near Record 5.6 Million Americans Were Hired In October, Most In Over 16 Years

After a burst of record high job openings which started in June and eased modestly in August, today’s October JOLTS report  – Janet Yellen’s favorite labor market indicator – showed a sharp drop in job openings across most categories now that hurricane distortions have cleared out of the system, with the total number dropping from […]


Where The Jobs Were In November: Who’s Hiring… Who Isn’t

Assuming that the BLS’ estimate of avg hourly warnings growing only 0.2% in November is accurate, it would imply that – as has often been the case – the bulk of job growth in November took place in minimum-paying and other low-wage jobs. However, a breakdown of jobs added by industry shows the contrary to […]


November Payrolls Jump 228K, Beat Expectations But Wage Growth Disappoints

In a continuation of the recent theme shown by the labor market, the BLS reported that November payrolls rose by a seasonally adjusted 228K, beating expectations of 200K, if lower than October’s downward revised 244K (from 261K) while September was revised up from +18,000  to +38,000. With these revisions, employment gains in September and October […]


Another Woman Accused Conyers Of Sexual Harrassment

Update: In a lawsuit unearthed by Buzzfeed, a second woman accused Conyers of sexual harassment, but later abandoned efforts to hold him accountable. According to Buzzfeed, a former scheduler for the Democrat said she faced daily harassment from the congressman in a suit she later dropped after a court denied her request to keep it […]


Complaint Alleges SEC Watchdog Retaliated Against Whistleblowers

Who blows the whistle on the whistleblowers? Nobody – if they can help it. In yet another example of big-government hypocrisy allegedly committed by an office meant to hold other government employees accountable, the Wall Street Journal is reporting that the watchdog for the Securities and Exchange Commission has himself become the subject of complaints […]


JOLTS: Hiring Slides To Lowest In 6 Months As Job Openings Remain Near All Time High

After a burst of record high job openings which started in June and eased modestly in August, today’s September JOLTS report  – Janet Yellen’s favorite labor market indicator – showed another modest increase in job openings across most categories in the hurricane-affected month, with the total number rising fractionally 6.090MM to 6.093MM, above the 6.091MM […]


October Payrolls, Average Hourly Earnings Miss Big Despite Strong Upward Revisions

Well, with virtually everyone expecting a 300K+ payrolls number after last month’s negative hurricane-distorted print, and with whispers of a 400K print floating around, it only made sense that not only would payrolls disppoint, printing at 261K, one standard deviation below the 310K consensus estimate (and that even with a whopping 89,000 waiters and bartenders […]


US Job Openings Pull Back From All Time High

After two consecutive months of record high job openings, today’s August JOLTS report  – Janet Yellen’s favorite labor market indicator – showed a modest pullback across most categories, with the total number of job openings falling in august from 6.140MM to 6.082MM, below the 6.125MM consensus estimate, resulting in an unchanged Oct. job opening rate […]


September “Hurricane” Payrolls Tumble 33,000, First Drop In Seven Years, As Wages Surge Due To Labor Shortages

As noted earlier, Wall Street was completely clueless ahead of today’s payroll, with most expecting a small positive print but two brave forecasters went so far as to predict that the recent hurricanes would result in a negative print, and sure enough, moments ago the BLS reported that in September, the US economy lost 33,000 […]


Even Bartenders And Personal Trainers Can Receive Whistleblower Awards From The SEC

Authored by Jordan A. Thomas, chair of the whistleblower practice at the law firm of Labaton Sucharow Crafted by an ad agency immediately following 9/11, the slogan “if you see something, say something” took hold with astonishing speed. The tagline reflected a tectonic cultural shift; the serious and growing need for public participation in the […]


If You Like Your Stagnant Wages, You Can Keep Your Stagnant Wages

Ever since the great recession of 2008/2009, economists have grown increasingly perplexed by the lack of real wage growth in the U.S. economy despite improving unemployment trends.  Even with a 4.4% unemployment rate, real wage growth has been elusive and hovered between negative 1% and positive 1% for years now.   Of course, it all […]


US Job Openings Soar To New All Time High

After nearly two years of being rangebound between 5.5 and 6 million, the BLS’s JOLTS report – Janet Yellen’s favorite labor market indicator- showed that the recent surge in job openings which was observed first last month, when job openings smashed expectations above 6 million for the first time ever, continued in July when the […]


Paul Craig Roberts’ Brief Reflection On The Vanishing American Dream

Authored by Paul Craig Roberts, Today is Labor Day, a difficult day to celebrate now that American labor has been cast aside and US jobs offshored and given to foreigners. The remainder of the jobs is slated to be replaced by robotics. Friday’s payroll jobs report was full of bad news. Full-time jobs declined by […]