Governor McAuliffe Announces Decrease in Virginia Unemployment Rate

August was 17^th consecutive month of year over year employment growth

Governor McAuliffe announced today that Virginia’s seasonally adjusted unemployment rate decreased 0.3 percentage point in August to 4.5 percent, the second consecutive monthly decline. At 4.5 percent, the seasonally adjusted unemployment rate is at its lowest level since September 2008 when it was 4.3 percent. Virginia’s seasonally adjusted unemployment rate remains below the national rate, which was down 0.2 percentage point in August to 5.1 percent.

The average weekly wage for private employers was $940.55 in August, 7.6 percent above a year ago.

“We are seeing tangible results from our work to build a new Virginia economy by fostering growth at Virginia businesses around the Commonwealth and attracting new, high-growth industries,” said Governor McAuliffe. “The new jobs numbers demonstrate continued progress creating good-paying jobs all across Virginia. This is great news, but with federal shutdowns, sequestration and budget battles looming, we still have much work to do to diversify our economy and chart a course for sustainable growth well into the future.”

“The private sector continues to lead the rebound of Virginia’s economy,” said Secretary of Commerce and Trade Maurice Jones.  “This is especially good news as the Commonwealth needs robust private sector job growth in order to diversify our sources of prosperity.”

From August of 2014 to August of 2015, Virginia’s seasonally adjusted total nonfarm employment was up 41,100 jobs. Over the year, employment grew 1.1 percent. For the past three months, over-the-year employment growth has exceeded 1.0 percent. Over-the-year August job gains were recorded by both the private sector, which grew by 37,200 jobs, and the public sector, which grew by 3,900 jobs. Compared to a year ago, on a seasonally adjusted basis, 9 of the 11 major industry divisions experienced employment gains.

For a greater statistical breakdown visit the Virginia Employment Commission’s website at www.vec.virginia.gov.  

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Gold Prices Moving Up

Gold Key, weighing one kilogram is used to access a ten digit account number which is known only to the bearer of the Gold Key. (Photo credit: Wikipedia)

Gold Price History - Karatbars from Chuck Thompson

Gold prices are trending upward ever so slowly but yet in a steady pace.  Above is the most recent ask and buy back prices per gram for each of its one gram gold cards from Karatbars.  Karatbars is a German company looking to make their gold cards a form of legal tender throughout the world.  Many networks are already in place for accepting exchanges on these gold cards and anyone with a brick and mortar store front can accept them now in any country that wants to.  One just needs to setup a free account and fill in all the questions online for approval.

  What is interesting to note is that gold has not changed its value throughout history.  Its money that has devalued creating the illusion of gold increasing in value against dollars and other currencies and forms of exchange.  What truly makes gold an exchange of value?  Nothing beyond the fact that it does not break down like other metals.  Steel will corrode.  Iron corrodes.  Copper will eventually disintegrate.  Brass eventually disintegrates.  Silver, gold and platinum do not disintegrate.  This is why they were picked for mediums of exchange.

  Initially gold was used more as ornamentation and decorative purposes and had no other value beyond that.  Technically speaking lead is worth more per ounce than gold depending on what it is used for.  Lead being more readily available than gold, it makes for creating great bullets to form a defense.  Who is going to use gold bullets for defense?  Who in their right mind will throw gold at a thief as a form of defense?  The thief will want to know how much more gold you have.  Send one lead bullet his way and see how long he will stay around to see how much more lead you have.

  If the world goes to hell tomorrow I want lead bullets not gold.  Who has a gold bomb?  Again, gold's only value is in its ability to not corrode or disintegrate into nothing.  There is where the only true value of gold exists.  Why people want to own gold and silver.  They are well proven mediums of exchange because the monetary value does not disintegrate into dust over time.  If you are interested in more information on gold ownership you can go to our righthand sidebar and click the link for Karatbars.  You can sign up for a free account through our link and also sign up to accept karatbars in your business if you so wish.  You can own the actual cards and keep them with you or you can maintain free storage in their place of origin in Germany if you want.   Paper money continues to devalue while gold maintains its value.  You decide what makes more sense.  

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The White House, Raise The Wage, This Is Too Funny!

In the 2014 State of the Union address, President Obama called on Congress to raise the national minimum wage from $7.25 to $10.10 an hour, and soon after signed an Executive Order to raise the minimum wage to $10.10 for the individuals working on new federal service contracts.

Raising the minimum wage nationwide will increase earnings for millions of workers, and boost the bottom lines of businesses across the country. While Republicans in Congress continue to block the President's proposal, a number of state legislatures and governors, mayors and city councils, and business owners have answered the President’s call and raised wages for their residents and employees.Read a report on the progress that's been made so far across the country.  (This is another good laugh if you read between the lines on what is said and what is not said.)

Learn more below about why we need to raise the wage, and share this page with your friends and family.

This first map shows the current minimum wage for each state, as well as the number of workers in each state that would be affected by raising the wage to $10.10.

(We are not porting in the maps. It's not worth the time to even bother to look at.)

In this second map, you'll see how raising the wage could help workers make ends meet. For example, a $10.10 wage could, over the course of a year, help a full-time, full-year minimum-wage worker in Arizona afford either 4 months of rent, 24 weeks of groceries, 68 tanks of gas, or the equivalent of 31 months of electricity.

(Wait;  did we read that right?  Someone working full time, all year, may be able to afford 4 months rent in Arizona?  What about the rest of the year and the rest of the bills that poor schmuck will be stuck with?  SOL?) 

Raising the federal minimum wage would not only benefit more than 28 million workers across the country, but 19 million workers from all types of households would see a direct increase in their wages.

(Did someone have to have a college degree to figure this one out?)

Today, the real value of the minimum wage has fallen by nearly one-third since its peak in 1968. And right now, a full-time minimum wage worker makes $14,500 a year, which leaves too many families struggling to make ends meet.

(Isn't this what happens when you ship all the good jobs out of the country and then flood the country with illegal immigrants?)

Since President Obama called for a minimum wage increase in his 2013 State of the Union address, 13 states and Washington, D.C. have passed laws to raise their minimum wage. According to estimates from the Council of Economic Advisers, about 7 million American workers will benefit from these increases as of 2017.

(Oh boy.  That has to make anyone earning only $7.25 per hour real happy.)

(Wonder what would happen if people were actually paid a living wage for the work they do?  Something more to the tune of $25.00 per hour?  Imagine.)

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