Post Tagged with: "BLS"

July 9, 2012 04:05

The Black Hole of Jobless in America

As of June, the U.S. faces a “jobs gap” of 11.3 million jobs since the start of the Great Recession in December 2007. Under the assumption of 208,000 new jobs per month, it will take until June 2020 – or eight years – to close the jobs gap.

February 21, 2012 10:02

Disability Fraud Holds Down Unemployment Rate; Jobless Disability Claims Hit Record $200B in January

Is there anyone who thinks disability fraud is less than 10%? If not, then the unemployment rate would be at least 9.9% assuming those in fraudulent claims started looking for work.

February 20, 2012 15:44

We Told You They Are Lying about Unemployment

We’ve been reporting the truth for weeks. Fox News anchors Lou Dobbs and Megyn Kelly seem genuinely shocked that the administration would hide the facts on unemployment in a holiday weekend Friday night document dump.

February 15, 2012 07:25

Real Unemployment Remains Over 10% Since June 2008

Despite the stark increase in unemployment since 2008, it matters not where the line ends – currently at 8.3% (official) and 15.1% (U6 alternative) – but rather the lack of any meaningful, sustained improvement for more than two years.

February 7, 2012 07:17

Fewer Nonfarm Employees Now Than December 2000; Unemployment Rate: Some Things Still Don’t Add Up; Obamanomics?

At a very modest labor force growth to 157 million (a mere 90,800 a month since the recession ended), the unemployment rate would be 9.8%. Using Bernanke’s estimate of 125,000 jobs a month, the labor force would be 158,480,000 and the unemployment rate would be 10.6%. Growing at the trend, the unemployment rate would be 11.5%. – Mish Shedlock

February 6, 2012 07:42

The Unemployment Ploy – Making the Bad and the Ugly Look Good

The “jobs added” that Obama is bragging about is a statistical myth. The BLS estimated the “seasonal” decline in jobs in January was less than “it should have been” by 243,000 jobs. This is “seasonal adjusting.” Reporting this as an “increase” in jobs is just plain lying. The BLS even used different seasonal adjustment factors in coming to its conclusion to puff up the numbers to make Obama look good.