Tag Archives: unemployment

Where is Unemployment Headed? – Mike Shedlock

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Quick Notes About the Unemployment Rate


In the last year, the civilian population rose by 3,584,000. Yet the labor force only rose by 1,569,000. Those not in the labor force rose by 2,014,000.

In February, the Civilian Labor Force rose by 476,000.

In February, those “Not in Labor Force” decreased by 310,000. If you are not in the labor force, you are not counted as unemployed.

Participation Rate rose .2 to 63.9%

Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%.

Over the past several years people have dropped out of the labor force at an astounding, almost unbelievable rate, holding the unemployment rate artificially low. Some of this was due to major revisions last month on account of the 2010 census finally factored in. However, most of it is simply economic weakness.

Where is Unemployment Headed? – Mike Shedlock – Townhall Finance Conservative Columnists and Financial Commentary – Page 1.

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Public Relations–A Public Fraud in Federal Agencies – Lurita Doan

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President Obama may lack chops in many areas—job creation, growing the economy, managing the cost of fuel and food—but, he is a master at political strategy and excels in the art of misdirection.

united states currency eye- IMG_7364_web

Obama has used controversies such as the birth-control/insurance mandate in February to divert attention away from a Bureau of Labor Statistics‘ report which showed that there are approximately 16 million unemployed Americans, 30% of whom have been unemployed for over two years. And, Obama’s recent defense of his so-called energy policy seems intended to distract Americans from the fact that gas prices are rising even as the economy groans under the Administration‘s spending spree causing $1.3 trillion dollars annually in deficits along with a ballooning of the public debt to $15.5 trillion dollars.

Public Relations–A Public Fraud in Federal Agencies – Lurita Doan – Townhall Conservative Columnists – Page 1.

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Gallup Calls BS on BLS Unemployment Data – Mike Shedlock – Townhall Finance Conservative Columnists and Financial Commentary – Page 1

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The latest BLS jobs report and the latest Gallup survey on jobs and unemployment are so out of line, that Gallup has commented on it in followup article Unemployment Numbers Suggest U.S. Economic Boom, or Not

A careful look at the government’s unadjusted household unemployment data shows a stunning 740,000 jobs added to the economy in February — three times the 227,000 reported based on the establishment payroll survey.

via Gallup Calls BS on BLS Unemployment Data – Mike Shedlock – Townhall Finance Conservative Columnists and Financial Commentary – Page 1.

Mass Layoffs in August

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Manufacturing employment in Cleveland, OH MSA.

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In August, 403 mass layoff events were reported in the
manufacturing sector, resulting in 46,540 initial claims.
Employers took 1,546 mass layoff actions involving 150,192
workers. Events decreased by 63 over the month, while associated
initial claims increased by 6,489.

http://www.bls.gov/news.release/pdf/mmls.pdf

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