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Unemployment Tag

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...

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...

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...

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...

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...

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...

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...

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...

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