Posts tagged as:

unemployment rate

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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Unemployment Steady at 7.8%

January 4, 2013

Unemployment remained at 7.8% in December along with the U6 figure, which also stayed put at 14.4%.  I find it interesting that November’s number was initially 7.7%, but got revised up to 7.8%.  Funny how that happened with relative quiet. Although we added 155,000 jobs last month, we need 250,000 to keep pace with population [...]

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Unemployment Drops to 7.7%

December 8, 2012

November’s unemployment rate dropped from 7.9% down to 7.7%, the lowest it has been since 2008.  The U6 unemployment figure is still much higher at 14.4%.  The economy added about 146,000 jobs, but labor participation still remains at a depressingly low 63.6%, which clocks in at the second lowest level since Obama took office — [...]

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Obama Speaks — Unemployment Drops

September 7, 2012

Last night President Obama gave his big speech to the DNC accepting their nomination for President.  Not everyone was impressed.  Many thought it was small, filled with straw men. One angle I was monitoring dealt with this morning’s unemployment report. Because nearly 368,000 dropped out of the job hunt, the unemployment rate actually lowered to [...]

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Data: The Road to Recovery Begins with Electing Republicans

July 9, 2012

New unemployment data analysis indicates that all 17 states which elected a Republican governor in 2010 have seen a drop in that state’s unemployment rate, while all eight states who elected Democrats saw slower drops or actual increases in the unemployment rate since January 2011.  These GOP governors have had to make hard (and often [...]

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Unemployment Remains Stuck at 8.2%

July 6, 2012

Today’s June jobs report seemed redundant:  only 80,000 jobs added (a full one-third of those are temporary) as the unemployment rate held steady at 8.2%.  The infamous U6 number went up a tenth of a percent to 14.9%.  It takes about 150,000 new jobs per month just to keep pace with population growth.  Plus, the [...]

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8.3%

February 3, 2012

The economy continues to stagnate, but some positive signs were found in today’s unemployment report:  8.3% or a 15.1% U6 rate.  Over 243,000 jobs were added last month, but the workforce is still considerably smaller than it was in 2008 and true recovery will take probably most of the decade if nothing changes.  Forty-three percent [...]

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Axis of Right Radio, Show #13, July 21, 2011

July 21, 2011

Episode #13 of Axis of Right Radio is now available. In this unlucky episode #13 (in which much of the podcast made the cutting room floor), Axis of Right takes a look at the ongoing debt ceiling debate, and then has a roundtable of various topics ranging from Derek Jeter’s 3000th career hit to how [...]

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9.1%

June 3, 2011

Ending a week of unpleasant economic news, America’s unemployment rate is back up to 9.1%, inching up one-tenth of a percent since April.  The U6 rate actually inched down the same amount in May to 15.8%, which can make sense given that the better the job outlook is, the more people will reenter the workforce.  [...]

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Unemployment Back to 9%

May 6, 2011

The seasonally adjusted U3 unemployment figure for the month of April saw the rate increase for the first time since November.  Those currently looking for a job who cannot find one are at 9%.  The “total unemployment rate” (U6) is up to 15.9% for the month of April.  The administration seems happy about these numbers.  In truth, [...]

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8.9%

March 4, 2011

Today, the February U3 unemployment numbers came out a herculean 8.9% — the first time since April 2009 that we’ve seen unemployment dip below 9%.  Of course, in a few weeks there will be “revisions” or “seasonal adjustments” and the real number could easily be back in the 9 range, but for now this is [...]

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9.4%

January 7, 2011

December’s unemployment numbers were released today and on the surface the direction looks positive:  we’re down to 9.4% unemployment from 9.8% in November.  Good news. The bad news is that much of the decline is due to people simply dropping out of their job search altogether.  When the popular “U3″ number changes its denominator, sometimes [...]

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9.8%

December 4, 2010

Yesterday the November U3 unemployment rate came out indicating that we’re no longer stuck at 9.6%.  Instead, we’ve moved up to 9.8%!  While some economists find these numbers a bit unusual and believe that they will later be revised in a positive direction, America has remained above 9% unemployment longer than at any time since [...]

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Stuck at 9.6%

November 5, 2010

The latest unemployment (U3) numbers from October indicate that while the private sector added over 150,000 jobs last month, the overall unemployment rate remained steady at 9.6%.  It’s a sad commentary about our current leadership that holding steady at a historically high unemployment rate is now considered “encouraging” for the Obamabots.  We’ve seen worse reports [...]

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9.6%: The Last Unemployment Figure Before the Election

October 8, 2010

No surprise here — the unemployment rate for September stayed steady at 9.6%.  That is, of course, until the figures are “revised” later this month or perhaps even after November 2. I’ve got more hope than change in my pocket since the Obama Nation began imposing this latest ill-fated Keynesian experiment on America.  My “hope” [...]

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Recovery Summer Ends at 9.6%

September 3, 2010

August’s unemployment (U3) numbers came out today and saw some movement for the first time all summer.  Of course, it’s in the wrong direction, up to 9.6%.  Three more months at or above 9% and we’ll tie a post Depression record for such persistent high unemployment, and we’re not exorcising inflation from the economy with [...]

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Recovery Summer Continues at a Brisk 9.5%

August 6, 2010

The U3 rate (those without jobs who are still actively looking for them) for July was 9.5%, which is steady from June.  Stocks are a little shaky today on the news of still more lost jobs.  For the record, here’s a chart of U3 rates for Obama’s presidency: Obama Nation Unemployment Rate January 2009- July [...]

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At 9.5%, Let the Recovery Summer Begin!

July 2, 2010

The unemployment rate unexpectedly fell to 9.5% in June as President Obama declared, “Make no mistake, we are headed in the right direction,” though he’d like us to be moving in that direction faster. But, economics ain’t that simple sometimes. The economy lost jobs in June, but the unemployment rate nonetheless went down from 9.7% [...]

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J-O-B-S Situation Back to 9.7%

June 4, 2010

The one thing we know about the Obama Nation is that they are focused like a laser beam on that three-letter word: J-O-B-S!  So, when the numbers came out today that the unemployment rate shrank to a rosy 9.7% in May the Obama team said it was a sign that though our recovery is “still [...]

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Excuses, Excuses

March 2, 2010

It looks like the Obama administration is preparing for a bad unemployment report this week, as Obama economic adviser Larry Summers is coming up with excuses, blaming the bad weather of February’s blizzards for increased unemployment.  This several days before the report is to come out, so the administration must be preparing for some real [...]

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Solving Unemployment by Discouraging Workers

February 3, 2010

Jim Geraghty has an amusing video on how Obama is making the unemployment numbers go down – by turning unemployed workers into discouraged workers. Geraghty talks about the discouraged workers as not being counted by the unemployed, but misses the other classifications of workers, including those who are open to work but not looking (marginally [...]

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Massachusetts Jobs Not so “Saved or Created”

November 11, 2009

A Boston Globe story came out today about how all those 12, 374 “saved or created” jobs in Massachusetts were a tad bit exaggerated.  The whole “saved or created” concept is ripe for manipulation since you can’t really accurately pin down a truly “saved” job.  I wasn’t fired this year; does that mean my job [...]

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