Obama’s moves on the economy have all but ensured that this kind of news will be the norm for sometime to come.
The number of newly laid-off workers seeking unemployment benefits rose last week, a sign that jobs remain scarce even as the economy recovers.
The Labor Department said Thursday that first-time claims increased by 18,000 in the week ending April 3, to a seasonally adjusted 460,000. That’s worse than economists’ estimates of a drop to 435,000, according to a survey by Thomson Reuters.
The report covers the week that includes the Easter holiday, and a Labor Department analyst said seasonal adjustment for Easter can be difficult since the holiday occurs in different weeks each year.
But through it all another Obama advent, the Recovery.gov website, is still trying to tell us jobs are being created.
Yeaaaah.
And one last thing before I close out this post. A bit related to jobs. Obama is set to ban internships within private businesses.:
Ponder that — Barack Obama is destroying another aspect of the free enterprise system.
Barack Obama is telling teenagers and college students, who are now suffering through a 26% unemployment rate, that they are not allowed to volunteer their time in the free market in exchange for acquiring valuable and relevant job skills that might, just might, get them off the unemployment line — and that ignores the ability to make valuable connections through networking in the workplace and build relationships for future careers and opportunities. The lost opportunity just of the loss of networking and relationship building is overwhelming and will put some college students who did not go to the right school or belong to the right fraternity or sorority or come from the right town at a serious, serious disadvantage.
“If … you want to pursue an internship with a for-profit employer, there aren’t going to be many circumstances where you can have an internship and not be paid and still be in compliance with the law,” the Labor Department’s Nancy J. Leppink tells the New York Times.
The Times also quotes Trudy Steinfeld, director of New York University’s Office of Career Services, regarding opportunities for unpaid internships. “A few famous banks have called and said, ‘We’d like to do this,’ said Ms. Steinfeld. “I said, ‘No way. You will not list on this campus.’” To be fair, she doesn’t want a Labor Department enforcer knocking on her door next week. But we wonder what NYU students trying to get their feet in the doors of financial firms think about Ms. Steinfeld rejecting opportunities on their behalf.
How all of this helps young people who are trying to develop marketable skills is a mystery.
Since the nation was formed and even before that, apprenticeships and then internships have been a key way for students to acquire valuable jobs skills. Companies would, frequently through college programs, agree to put a student to work teaching the student a trade. The company would get free labor and the student would, at no cost, get job skills.
It is a tried and true method of acquiring skills in this country. But the Obama administration is declaring such an act against the law.
It’s mind boggling to watch as Obama does his best to destroy anything with a hint of capitalism.
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