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All posts under ‘Unemployment’

Latest Jobs Data Confirms This Is The Worst Expansion in 30 Years

To get a better sense of the jobs situation in context, though, we need to look beyond the headline data & delve more deeply into what the BLS is reporting. When we take discouraged workers & involuntary part timers into account, we’re still experiencing some of the highest unemployment numbers in 20 years. And this is taking changes in the overall labor force size into account.

America’s Hidden Jobless Rate is a Product of This Conspiracy

The jobless numbers are actually part of a much larger mainstream “conspiracy” that goes the heart of the way economies work in 21st century America. There are something like 100 million Americans not working, including older people and young people. That’s a fairly well accepted statistic. These people are not counted in the jobless figures though in fact they may want to work.

This Always Happens Right Before The Official Start Of A Recession

The exact same patterns that we witnessed just prior to the last major economic crisis are playing out once again right in front of our eyes. If you are waiting for some type of big announcement from the government that a recession has started, you are likely going to be waiting for quite a while. Those that are wise have already been getting prepared for a new recession.

Obama’s Grand Jobs Recovery: Part-Time Work for Everyone!

The mainstream media talks constantly about a “strengthening economy” & a certain interest rate hike next month. But every once in a while, it pulls back the curtain. CNN Money reported the truth on the actual condition of the US jobs market. It revealed the “job growth” Obama keeps crooning about as a sham. In fact, there are more jobs, but they are part-time jobs.

All You Need To Know About The US Economy: True Unemployment Is Over 12%

How can an economy that is growing so slowly produce such big declines in unemployment? Something about the U.S. economy isn’t adding up. Either the unemployment data or the GDP calculation is very much wrong. Last week’s failure by the Fed to hike rates is a direct confirmation that nothing with the US economy is as strong as the 5.1% unemployment rate suggests.

Did You Know - The Government Is The Destroyer of Jobs?

Conventional economists and pundits are puzzled why jobs growth has been so anemic in this “recovery.” Here’s one factor they overlook: our government. In theory, our government is supposed to encourage private sector job growth. In reality, all the hundreds of pages of regulations are killing job growth, one small business and one job at a time.

Job Cuts Surge As Outlook On Oil Prices Remains Sober

It may be too early to determine whether oil prices, which began falling a year ago, were now forcing the energy industry to go beyond cutting fat & is now gouging into the very sinew of its operations, but it’s clear that they’re convinced that other economies simply weren’t enough to keep themselves afloat. The job losses probably should come as no surprise.

What's the Real Unemployment Rate in the U.S.?

The unemployment rate of 5.6% reflects nearly full employment, as 3% to 4% of the work force is in the process of quitting/being laid off & finding another job. By my reckoning, roughly 60% of the civilian work force is fully employed & 40% are marginally employed or unemployed. What qualifies as a job? Should we count someone who earns $1,000 a year as employed?

Sum of Unemployment and Inflation: The New Misery Index

The Status Quo is desperate to mask the declining fortunes of those who earn income from work and so figured out how to game unemployment and inflation to the point that these metrics are meaningless. The Misery Index 2.0 strips away the phony facade of bogus unemployment and inflation numbers.

Jobs Market: The True U.S. Rate of Unemployment is 23.2%

Dearth of jobs resulted in Americans giving up looking for non-existent jobs and thus ceased being counted in the labor force. The 6.2% US unemployment rate is misleading as it excludes discouraged workers who have given up and left the labor force because there are no jobs to be found.

What's Lurking Beneath the Glossy Veneer of the Jobs Report?

You need to peer beneath the glossy veneer. On the surface, last week’s jobs report was glossy good news: the U.S. economy added 288,000 non-farm jobs. Beneath the glossy veneer, however, the news wasn’t quite as good as advertised: full-time jobs declined by 523,000 and part-time jobs surged 840,000.

Even the Fed Admits Minimum Wages Cause Unemployment

Minimum wage doesn’t apply to everyone. As economists have shown, minimum wage doesn’t help the lower class. It prohibits employers from hiring anyone whose earning or productive capacity is below the enforced minimum hourly wage, creating permanent unemployment among the least productive people.

Hiring In The US Remains Far Below Pre-Recession Levels

While the US may have, somehow, recouped all of its post-recession job losses as was widely trumpeted everywhere on Friday, it sure didn’t achieve this courtesy of a vibrant hiring labor market. In fact, the pace of US hiring is still just about half of where it should be based on the pre-recession trends.

Unemployment and A Tale of Two Financial Crises

Statistics on unemployment following each recession are clear. Strong economic recoveries translate directly into rapid reductions of unemployment. US economic growth has been anemic & unemployment has remained at high levels. The pace of recovery slowed to 2.1% in 2010 & has persisted at a slow rate since then.

There is No Tradeoff Between Inflation and Unemployment

Increasing money supply spurs economic growth & that will cause inflation. But if monetary expansion slows, economic growth may stall & unemployment will rise. The Fed will never be able to trade higher price inflation for lower unemployment. Nor can it sacrifice higher unemployment for lower price inflation.

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