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Our Ever Shrinking Workforce

September 6, 2013

According to the Bureau of Labor Statistics, roughly 90,473,000 Americans weren’t working in August (the highest number ever), meaning that we have a meager 63.2% labor participation rate.  That’s the lowest it’s been since the years of Jimmy Carter.  Yet, using Washington math, the unemployment rate dropped to 7.3% — only in DC could it [...]

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Yesterday’s Economic Report Should Have Been Released on Groundhog Day

February 2, 2013

Yesterday the Labor Department released their January jobs report on the heels of news this week that America’s economy contracted 0.1% in the fourth quarter of 2012.  Not good.  Since today is Groundhog Day, I decided to post on this now rather than yesterday being that for some reason I feel like I’ve written this [...]

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Surprise! Unemployment Drops to 7.8%

October 5, 2012

This morning the Bureau of Labor Statistics released their numbers showing a drop in the unemployment rate to 7.8% for the month of September.  The U6 figure, however stayed put at 14.7%.  Given the data that BLS released, many are shocked by the numbers.  Some say that they don’t make sense, while some go further [...]

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Unemployment Held Steady at 8.3%… or did it?

March 9, 2012

According to the Bureau of Labor Statistics, February’s unemployment rate held steady at 8.3%, with the U6 underemployment number dropping to 14.9%. Using more consistent methods of data gathering, Gallup has February’s number at 9.1% with underemployment at 19.1%. If the BLS counted the people who’ve dropped out of the job hunt, their unemployment figure [...]

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