Saved by the Bell?

Stronger-than-Anticipated BLS September Jobs Report May Influence November Elections, Boost Sagging Stock Market

Billionaires Zuckerberg, Slim Yearn to Become Trillionaires

Billionaire Mark Zuckerberg, estimated net worth $34.2 billion, recently hobnobbed with the world’s richest man, Mexico’s Carlos Slim ($86.2 billion), to bemoan comprehensive immigration reform’s apparent death in the U.S. Congress. Slim invited Zuckerberg to speak at his Telmex Foundation. Telmex is Mexico’s largest telecommunications provider.

Jobless in L.A. Hit the Street to Scratch Out a Living

Give credit to jobless Los Angeles County residents for their creativity and gumption. With the county’s official unemployment rate in July at 8.7 percent, the Los Angeles Times reports that many Angelenos have reluctantly turned to street vending to make ends meet. Most have been laid off from their salaried jobs and can’t find new employment.

Illegal Workforce Isn’t Enriching California

“Nearly 1 in 10 California workers is in country illegally, study finds,” per a recent Los Angeles Times headline.

Census Bureau’s Household Survey: Only 16,000 New Jobs Added in August

I’m following up on my earlier post on the Bureau of Labor Statistics August jobs report. The economy added an anemic 142,000 jobs, according to data gathered from payroll statistics. The payroll report is also referred to as the establishment report, the one that gets the headlines on the first Friday of every month.

Rutgers’ Report Confirms the Obvious: American Workers Unhappy, Pessimistic

What about the Immigration Variable?

Ironically, just before the Labor Day weekend, Rutgers University released its report titled “Unhappy, Worried, and Pessimistic: Americans in the Aftermath of the Great Recession.” Lately, discouraged workers have been the subject of much interest.

August Bureau of Labor Statistics Jobs Report: Stinko!

The August Bureau of Labor Statistics report was gloomier than economists anticipated. Wall Street projected job creation would exceed 200,000, but the total only reached 142,000, the smallest number since December.

Another BLS Bummer: Teen Employment Still Weak

Americans, Finally Waking Up, Worry about Too Many Worker Visas

Last year, the Senate passed a massive immigration bill that would have more than doubled legal immigration within a decade. H-1B visas, the vehicle most immigrants use to enter the U.S. labor market, would have increased from the current 85,000 cap to 180,000. The Border Enforcement, Economic Security and Immigration Modernization Act would also have removed language that specified that companies have to consider American applicants before hiring a foreign-born employee.

Microsoft Layoffs Disprove Worker Shortage Claim

The 18,000 laid off Microsoft workers might take cold comfort in the moribund 2013 Gang of Eight Senate bill. Had it become law, as Microsoft founder Bill Gates so fervently hoped it would, the recently unemployed would compete in an ever-shrinking job market. S.744 would have admitted 150 percent more H-1B and other employment-based foreign-born guest workers than the total of projected new IT jobs created every year.