The Bureau of Labor Statistics carefully wordsmithed today’s release of the July Employment Situation Report which showed that unemployment has hit 8.3% again despite a shrinking American workforce. To downplay the alarming jobs news, the BLS used phrases like “essentially unchanged” to describe the increase in the most recognized measure on the health of the [...]
Like many I look forward to seeing the unemployment numbers released by the Department of Labor each Thursday morning. These numbers reflect individual’s initial filing for unemployment benefits. They are not indicative of new jobs. Job growth numbers come out the first Friday of each month (I also watch for this). Dropping first time unemployment [...]
“The jobs recovery has taken a step backward,” – Patrick O’Keefe, former deputy assistant secretary for the Labor Department. While the Obama administration downplays the seriousness of the May jobs report, drilling into the numbers shows a much bleaker jobs situation and trend than the President would like to admit. A situation even darker for [...]
To read the first paragraph of the Bureau of Labor statistics one might think that the jobs situation in the United States has improved significantly. The unemployment rate fell by 0.4 percentage point to 8.6 percent in November, and nonfarm payroll employment rose by 120,000, the U.S. Bureau of Labor Statistics reported today. Employment continued [...]
