Posts Tagged ‘employment rate’

165,000 New Jobs In April. Maybe.

May 5, 2013

165,000 New Jobs in April. Maybe.

The Bureau of Labor Statistics announced employment figures for April 2013: 165,000 new jobs. No one knows exactly what that means, but one thing is certain: This number will certainly change. Does that indicate government ineptitude or political manipulation? No.

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Jobs Report: Unemployment Down, Conspiracy Theories Up

October 7, 2012

Jobs Report: Unemployment Down, Conspiracy Theories Up

The US unemployment rate dropped to 7.8 percent in September, its lowest level in 44 months. Employers added 114,000 workers to payrolls last month, and 86,000 more jobs were created in July and August than previously thought. There’s a great chart here for you visual learners. As economic news, this is only mildly encouraging; as political news it’s better for the Obama campaign than for Mr. Romney.

The Republicans responded to these facts the way they usually do, with conspiracy theories. This time the lunatic accuser wasn’t Herman Cain Michele Bachmann, or Donald Trump. This time it was former General Electric CEO Jack Welch, who claimed that the Bureau of Labor Statistics manipulated the figures, the kind of thing Mr. Welch did at GE. The BLS isn’t GE, though.

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(un)Employment Report

November 6, 2011

(un)Employment Report

In a regular monthly exercise in statistical flim-flam, the Bureau of Labor Statistics has released the jobless numbers for October 2011.

The meaningless unemployment rate in the headlines: 9% , down a whopping 0.1%. The real unemployment rate: 16.2% (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 80,000 jobs in the past month, not all of them at McDonald’s (some were at Wendy’s). At that rate, all of America’s 13.9 million unemployed should be working by about 2030.

Related:

“Most unemployed Americans are no longer receiving unemployment benefits,” Christopher S. Rugaber, AP via New York Daily News

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

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(un)Employment Report: No New Jobs

September 3, 2011

(un)Employment Report: No New Jobs

The Bureau of Labor Statistics has released the jobless numbers for August 2011.

The official unemployment rate, the one in the headlines, is 9.1%. The real unemployment rate: 16.2% (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). The official rate hasn’t changed from last month, the real rate has grown by a tenth of a percent. Learn more here.

45,000 jobs were temporarily lost in the Verizon strike, and those workers are back on the payroll this month, but the 17,000 government jobs eliminated last month are permanently gone. While 62,000 private sector jobs were added in August, this is no comfort to America’s 14 million unemployed.  More that 6 million of them have been out of work for over six months.

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