The Labor Department has reported that the U.S. economy added 235,000 jobs in February. This stat has lowered the unemployment rate to 4.7% while wages went up “2.8 percent from February 2016.” From Bloomberg:
“We’re getting closer and closer to full employment,” said Ryan Sweet, an economist at Moody’s Analytics Inc. in...
In today’s Obama legacy news, the number of Americans not in the labor force reaches an all-time high of 95 million.
The Washington Free Beacon reports:
The number of Americans not participating in the labor force hit a new record in November, exceeding 95 million for the first time, according to the latest...
There were no surprises in the July 2015 jobs report:
Here is how to think about the July jobs numbers that the government released Friday morning: Whatever...
How many times have we written about this? Too many to capture them all.
The Obama economy has created a perverse distortion of the “Unemployment Rate” because that widely-reported rate represents the percentage of the total workforce actively seeking employment but not able to find employment.
The more people who give up hope,...
Wow.
While campaigning for Martha Coakley in Massachusetts, Hillary Clinton took a jab at trickle down economics and in the process of doing so, claimed that corporations and businesses don’t create jobs.
The Washington Free Beacon has the story:
Hillary Clinton: Corporations and Businesses Don’t Create Jobs
At a Democratic rally in Massachusetts, Hillary Clinton’s...
It’s long been a rallying cry of the right: if you want to be on the public dole, you should be able to pass a drug test. You’ve seen the memes and the bumper stickers. Sounds good, right?
Governor Walker of Wisconsin has proposed his plan that would require drug testing for those...
Every monthly jobs report announcement since 2009 seems to be a perfect symbol for Barack Obama’s entire presidency.
When the jobs numbers are first released at 8:30AM each month — the expressions of ‘hope’ and hype dominate the morning news cycle.
Breaking: The economy added 288,000 jobs in June while the
unemployment rate...
A good observation from Steve Kates at the Catallacy Files in Australia, on the dismal U.S. labor force participation rate, and how Australia risks following the U.S.:
US – five years into its 20 year lost decade
The Japanese have had a twenty year lost decade following their own Keynesian stimulus….
And we could...
Yesterday we covered the CBO Report on loss of labor provided by workers as a result of Obamacare subsidies, CBO confirms Obamacare subsidies create disincentive to work harder.
It’s all about how the implicit marginal tax rate — taxes plus loss of benefits — creates a disincentive to work hard because for...
The jobs report released today is “good” news compared to what has been.
165,000 net new jobs were added. That’s good. Approximately 230,000 net new jobs would need to be added just to keep pace with population growth, so we’re still not actually growing the job market relative to population.
The...
The “unemployment rate” is a number which increasingly is just political, as we have the Obama-phenomenon of large numbers of people leaving the workforce thereby dropping the “unemployment rate” since people who leave the workforce don’t count as unemployed.
When companies self-censor to wait until the days after the election to announce major layoffs.
Via commenter conservativegram in the Tip Line:
As Drudge would say-”Own it!”
“Nextel to cut 20% of jobs at Virginia headquarters”
In Past 48 hrs, following companies announded layoffs:
Caterpillar, CVPH Medical Center, Lightyear Haqwker Beechcraft, Westinghouse, Research in Motion, US Cellular,...
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 rate (7.9 percent) and the number...
Another one of those anomolies which makes the unemployment rate look better than it is. The rate as calculated drops when people drop out of the work force because they no longer are counted as unemployed.
So while the media and Obama campaign probably will try to spin the drop as a...
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 of jobs added — the 163,000...
Obama endlessly cites the loss of 750,000 “per month” just before he took office, as if that bottom was destined to be continued forever but for Obama.
It’s the extrapolation fallacy.
This video pretty much sums up the theme:
Yet why shouldn’t Obama own at least some of those job losses between his election...
