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The Discouraging Unemployment Picture

The Discouraging Unemployment Picture

The Bureau of Labor Statistics has a great deal to say about the November 2011 unemployment numbers and the October numbers from the metro areas. The unemployment rate fell to 8.6 percent from 9 percent in November. In October, the unemployment rates fell in 281 of the 372 metro areas the BLS watches. The pictures tell a far more discouraging tale. These graphs are from the BLS site, using their data. None of the graphs present … Read entire article »

Filed under: American Economy, Original writing, Reporting, Unemployment

Unemployment for July 2011

The slideshow illustrates the unemployment data for each July for the last decade, 2002 to 2011. … Read entire article »

Filed under: American Economy, Analysis, Original writing, Reporting, Unemployment

U.S. unemployment for June 2010

U.S. unemployment for June 2010

The Bureau of Labor Statistics (BLS) has this to say about the employment / unemployment situation in June 2010: In June, about 2.6 million persons were marginally attached to the labor force, an increase of 415,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not … Read entire article »

Filed under: American Economy, Original writing, Reporting, Unemployment

White House claim: On the Road to Recovery

White House claim: On the Road to Recovery

This is what our President has on the White House website as this story is written: Here are some graphs that more accurately portray the road we’re on. The graphs clearly show that the trend of “true” unemployment, the standard unemployment number plus the number of those who are discouraged and no longer looking for work, is not turning a corner. 2010 numbers show that there is still an increasing number of “true” unemployed despite the Census … Read entire article »

Filed under: American Economy, Analysis, Original writing, Reporting, Unemployment

Unemployment Numbers for October 2008

Unemployment Numbers for October 2008

From the Bureau of Labor Statistics Total Civilian Work Force Nonfarm payroll employment fell by 240,000 in October, and the unemployment rate rose from 6.1 to 6.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. October’s drop in payroll employment followed declines of 127,000 in August and 284,000 in September, as revised. Employment has fallen by 1.2 million in the first 10 months of 2008; over half of the … Read entire article »

Filed under: American Economy, Analysis, Original writing, Unemployment

Unemployment for September 2008

Unemployment for September 2008

Economic analysis is a tricky business. By selecting the right data, an analyst can make any premise appear correct. One of the most blatant ways of doing this is to select the most recent data that supports the premise you want to illustrate. The overall unemployment rate in the United States in September has been initially reported as 6.1%. This rate and the numbers behind it will be revised several times over the next few months, … Read entire article »

Filed under: American Economy, Analysis, Original writing, Unemployment

Harry Reid: Hispanic Unemployment Disproportionately High

Harry Reid: Hispanic Unemployment Disproportionately High

Senate Majority Leader Harry Reid released the following on August 1: Senate Democrats responded today to a Department of Labor report which indicates that the nation shed another 51,000 jobs in July – the seventh straight month of losses – as unemployment rose to a four-year high of 5.7 percent and Chevron announced a second-quarter profits of nearly $6 billion. Democrats also called attention to the disproportionately higher unemployment rate among Hispanic American workers. According to the … Read entire article »

Filed under: American Economy, Analysis, Original writing, Unemployment