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BLS

Unemployment Among Black Youth 393% Higher Than National Rate

The black youth unemployment rate for ages 16-19 is 393% higher than the national unemployment rate, according to data released today by the Bureau of Labor Statistics (BLS). As of October 2013, the unemployment rate for this demographic was 36.0 percent, an increase over last month’s rate of 35.1 percent. The national unemployment rate currently […] Continue reading →

Unemployed: 357,000 Fewer Women Held Jobs in October

American women participating in the nation’s labor force hit a new low at a rate of 56.9 percent in October, according to data released today by the Bureau of Labor Statistics (BLS). Additionally, the number of women holding jobs declined by 357,000 from September to October, and the unemployment rate increased for women […] Continue reading →

The College Degree Scam

Carole Hornsby Haynes For years we’ve heard the propaganda line that everyone needs to go to college — that a degree will improve your status and standard of living. It has become politically incorrect to even suggest that a higher education degree might not be right for every young American. So it’s not surprising that […] Continue reading →

Real Unemployment Rate: 11.3%? Nope. 29%!

InvestmentWatch Real Unemployment Rate: 11.3% In short: this is merely a favorite BLS gimmick to push the unemployment rate lower for purely political reasons (to the benefit of the administration that makes the content of your emails the most transparent to NSA workers, ever). The problem is that this transitory fudging gimmick would be sustainable if […] Continue reading →

Another Phony Employment Report

Employment report from the Bureau of Labor Statistics shows 114,000 new jobs in September and a drop in the rate of unemployment from 8.1% to 7.8%. As 114,000 new jobs are not sufficient to stay even with population growth, the drop in the unemployment rate is the result of not counting discouraged workers who are […] Continue reading →

Unemployment Rate 7.8%- The Web's Most Complete Report

Initial Reaction and Election ImpactThe establishment report of +114,000 jobs was pretty much about what most expected. The four-month average is a mere 120,000 a month (a very weak set of establishment numbers for this point in a recovery).However, the household survey surprise shows the unemployment rate fell three-tenths of a percent to 7.8%.On the […] Continue reading →

Obama’s Hidden Tax - Inflation

The federal government – actually, the Bureau of Labor Statistics (BLS) – just announced that the inflation rate for the year ending July 2012 was 1.4% Most of us had to rub our eyes in disbelief when we saw this number; have these people not entered a supermarket recently? How could they possibly release such […] Continue reading →

A Sharply Increasing Trend in U.S. Layoffs

The BLS’ report on the number of new jobless claims filed in the week ending 15 September 2021 indicates that the pace of layoffs in the United States is accelerating at the fastest pace since the 2007 recession began. At present, the average rate of increase in the number of initial unemployment insurance benefit claims […] Continue reading →