The Bureau of Labor statistics announced today that the U.S. labor market added 120 thousand jobs in October and that the unemployment rate dropped from 9% to 8.6%. The number of jobs added and lost and the unemployment rate often seem to be out of step as adding or losing jobs can have a...
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What is Behind the Drop in the Unemployment Rate to 8.6%?
Unemployment Raises to 9.8%
On Friday, the Bureau of Labor Statistics reported a jump in the unemployment rate to 9.8% signaling a continuation of a weak economy. Economists were predicting much stronger job growth in November and for the unemployment rate to remain unchanged at 9.6%. The November unemployment rate of 9.8% represents a seven month high as...
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Initial Jobless Claims Continue To Rise
The media and the Obama administration continually spin the jobless claims numbers. The initial jobless claims go up or down weekly. When the number goes down, the media and the Obama administration hail the falling initial jobless claims as a sign that Obama’s policies are working. When the numbers go up the answer is...
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