Unemployment Tag

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. Long ago a reader predicted the terms...

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,...

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...

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...

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...

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...

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...

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...

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...

There is a good reason Obama did not unveil his jobs bill prior to his jobs speech. It's because the jobs bill is not a jobs bill, it is the tax increase Obama has been hoping for since he was a candidate, taking $400 billion from people...

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...