Unemployment Aid Applications Rise
Increase of 4,000 last week
Accounts for as much as a quarter of declining labor participation
Apple, Google and others accused of collusion to keep wages low
Rate dropping as people drop out of labor pool
Probably also get better benefits
This after being told 75 percent income taxes on high wages were unfair
Continuing Resolution gives them $10 billion in additional funds
U.S. unemployment rate at 7.7 percent, the lowest level since December 2008
News comes shortly before what is expected to be an encouraging U.S. jobs report
"Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff"
But businesses stagnant on both hiring and firing
Union job protection efforts a barrier
Baristas bearing Bachelor's degrees
Huge gap in number between older workers and younger
According to report from Bureau of Labor Statistics
Expect a new union-friendly argument: Gun manufacturing creates jobs
People shouldn't have to manage their own problems!
Celebrate your independence with a subscription to Reason magazine, your most trusted source of honest, insightful news and analysis.