Archive for the ‘unemployment’ Category

(un)Employment News

May 9, 2011

(un)Employment News

The Bureau of Labor Statistics has released the jobless numbers for April 2011. This is a regular monthly exercise in statistical flim-flam, and the BLS knows it.

The meaningless unemployment rate in the headlines: 9% (up from 8.9%). The real unemployment rate: 16.6% (includes people who no longer get unemployment benefits, need work but have stopped looking because it’s futile, or have only found part-time work). Learn more here.

There was a net gain of 200,000 jobs in the past month, not all of them at McDonald’s (some were at Wendy’s). At that rate, all of America’s 13 million unemployed should be working by about 2016.

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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(un)Employment News

March 4, 2011

 (un)Employment News

The Bureau of Labor Statistics has released the jobless numbers for Febuary 2011. This is a regular monthly exercise in statistical flim-flam, and the BLS knows it.

The meaningless unemployment rate in the headlines: 8.9%. The real unemployment rate: 15.9% (includes people who no longer get unemployment benefits, need work but have stopped looking because it’s futile, or have only found part-time work). Learn more here.

 Mike Konczal explains the bottom line: “Unemployment Is Dropping as Workers Keep Dropping Out.”

 

Short link: http://bit.ly/f7thzb

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Happy 2011

January 1, 2011

Happy 2011

It’s 2011; lower your expectations. Happy New Year.

 

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Will “Ho-Ho-Ho” For Food

December 21, 2010

Will 'Ho-Ho--Ho' for Food

 “Craig McTavish — a.k.a. Santa — has the beard. He has the belly. He even has a few tricks up his sleeve, like pulling up to parties on his Harley-Davidson in full Kris Kringle garb.

But there’s one thing he doesn’t have: work.

“For freelance Santas, this holiday season has been more ‘no, no, no’ than ‘ho, ho, ho.’ Bookings have declined as paying $125 an hour for Santa to visit a holiday party has become an unaffordable luxury. It’s the second year of declining parties and events, Santas say.”

— “In tough economy, Santas are also suffering,” Tamara Lush, AP, via MSNBC.

 

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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The Other Christmas List: Unemployment Rate

December 3, 2010

The Other Christmas List: Unemployment Rate

As we approach the holiday season, many Americans are out of work. It doesn’t matter if they’ve been naughty or nice. The meaningless unemployment rate in the headlines: 9.8%. The real unemployment rate: 17% (includes people who no longer get unemployment benefits, need work but have stopped looking because it’s futile, or have only found part-time work).

Congress put coal in the well-darned Christmas stockings of many unemployed Americans. It failed to extend jobless benefits.

Happy Holidays.

Image (“Santa Got Laid Off!”) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Unemployment Report

January 8, 2010

Unemployment Report

The Jobless Recovery is still riding a fast freight train between hobo camps, according to figures released by the Bureau of Labor Statistics. Jobs lost in December: 84,000. When you factor in discouraged workers and those who have had to settle for part-time work, the U.S. unemployment rate is 17.3%. 

Of course, there aren’t any soup kitchens on Wall Street:

Chart: Business Insider.

 

Image (after a WPA photo) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Auto Industry Drives U.S. Economy

January 7, 2010

Auto Industry Drives U.S. Economy

This morning the federal government reports the latest unemployment figures, using a measure that seems increasingly irrelevant as more Americans remain among the long-term unemployed and underemployed. While we wait for dubious numbers and optimistic spin, let’s adopt the misunderstood, mis-attributed, and misquoted adage that “what’s good for General Motors is good for the United States” and turn our bloodshot eyes on Detroit.

Industry boosters are gilding the poison ivy, choosing to see last month’s slight bounce as the start of an upturn, but others wonder if the plunging sector has hit bottom yet. It’s only a matter of time before xenophobes and protectionists seize on the fact that Asian cars outsold Detroit buggies in God’s Own Country last year.

Job cuts continue among U.S. auto workers, and Con Chapman has identified a significant new economic indicator: 

“As Auto Industry Shrinks, Crash Test Dummies Fear Future.” 

 

Image (“You Want Fries With That?”) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Car Arrears Careers

March 13, 2009

Car Arrears Careers

Job seekers, especially those weighing over 200 pounds, will want to read this article by Phillip O’Connor in today’s St. Louis Post-Dispatch.

Auto loans are more expensive, more people are unemployed and “upside-down” on their car loans, securities composed of toxic auto loans clog the financial system, and TALF benefits haven’t reached car loan companies.

What it all  means: more work for the Repo Man.

“It’s 4 A.M., do you know where your car is?”

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