Did you hear about last month’s surprisingly positive jobs numbers? While an elated Team Obama cheered, the startling jump caused others to speculate how a phone poll managed to extrapolate 800,000 found work when the business survey indicated only 115,000 jobs were created. Were these numbers skewed? Former GE CEO Jack Welch tweeted out: “Unbelievable [...]
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 [...]
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 [...]
Even the vice president isn’t sure how or if the tragically high unemployment rates will come down. Remember in April of 2010 when Joe Biden predicted that the American economy would be producing as many as 500,000 new jobs very soon. I’m here to tell you some time in the next couple of months we’re [...]
Oh the media. Every outlet has been totally abuzz about the drop in initial jobless claims reported by the Department of Labor today. It was only a reduction of 3,000 people, but that’s not where they failed to do their homework- the 450,000 number .. is THE SAME as it was back in March and [...]
