Image 01 Image 03
Sign In or RegisterLogout

Unemployment Tag

Posted by William A. Jacobson on November 02, 2012 32 Comments

Per October report by BLS: Total nonfarm payroll employment increased by 171,000 in October, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, health care, and retail trade. Both the unemployment...

Posted by William A. Jacobson on August 03, 2012 45 Comments

Via The Wall Street Journal: The U.S. unemployment rate was rose to 8.3% in July and a broader measure ticked up to 15%, even as the economy added 163,000 jobs. Why the increase? The key reason is because the two numbers come from separate reports. The number...

Posted by William A. Jacobson on July 06, 2012 27 Comments

Just released June numbers: Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today. Professional and business services added jobs, and employment in other major industries changed little over the month. Household Survey...

Posted by William A. Jacobson on June 01, 2012 25 Comments

The rate rose to 8.2%, but the real story via IBD, Core 25-54 Employment Rates Still Near Historic Lows: The unemployment rate rose slightly to 8.2% in May, holding above 8% for the 40th straight month, the Labor Department reported Friday. But actual employment rates of...

Posted by William A. Jacobson on February 03, 2012 74 Comments

We are at the mercy of misleading statistics which nonetheless form the media narrative. I posted earlier today about workers leaving the workforce in droves, which drives down the nominal unemployment rate and renders it a misleading statistic.  Yet the details are the details, and the...

Posted by William A. Jacobson on February 03, 2012 33 Comments

More news about the drop in the labor participation rate, via Zero Hedge (emphasis in original): A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor...

Posted by William A. Jacobson on January 06, 2012 22 Comments

There is a new jobs report out, with the usual caveats that the work force is shrinking, but the nominal unemployment rate is down to 8.5%.  That's the number which counts politically. The rate would be 10.9% if the same number of people were in the...

Posted by William A. Jacobson on December 17, 2011 9 Comments

The more Obama pushes class warfare, the more people reject class warfare.  That's certainly not what I expected. It's the counter-indicator effect.  If he's for it, the opposite will happen.  Perhaps he should announce an Unemployment Plan instead of a Jobs Plan. It's another one of those...

Posted by William A. Jacobson on December 02, 2011 22 Comments

There was an unemployment report released this morning which showed the unemployment rate dropping to 8.6%. That's a big plus for Obama, even though the drop almost entirely is the result of people leaving the workforce, as Jame Pethokoukis notes: The mainstream media pays no attention to...

Posted by William A. Jacobson on October 07, 2011 11 Comments

Felix Salmon (h/t HotAir) ...

Posted by William A. Jacobson on September 05, 2011 15 Comments

From Senator Jim DeMint, some obvious points about Obama's complete lack of understanding of the job market (emphasis mine): "I spent most of m life in business,' DeMint told Glor, "and I'm hearing what the president is talking about, which are temporary incentives like giving a company...

Posted by William A. Jacobson on September 03, 2011 20 Comments

I have posted before about how the shrinking workforce tends to mask just how bad unemployment really is because people who have given up hope and stopped looking are not counted in the most widely cited calculation. So the news yesterday that the unemployment rate held...

Posted by William A. Jacobson on September 02, 2011 23 Comments

That's how many net new jobs were created last month in newly released unemployment numbers: The Labor Department says total payrolls were unchanged in August, weakest report in almost a year. It's the first time since February 1945 that the government has reported a net job...

Posted by William A. Jacobson on September 01, 2011 18 Comments

Obama is getting tough with Congress, implementing steps to have federal agencies take (supposedly) job creating actions without waiting for Congress to act, Obama Rolls Out a Jobs Plan That Doesn't Need Congress: On Wednesday, Obama took a now-familiar path in adopting a program--this time a...

Accessibility by WAH