Tag Archive: labor force participation rate

May
02

The Rest of the Story: Employment Recovery?

The Bureau of Labor Statistics released the April Jobs numbers today.  The AP reported the following as their big story: US Gains 288K Jobs, Most in 2 Years; Rate 6.3%.  The unemployment rate fell in one month from 6.7% to 6.3%.  That sounds great, but in honor of the late Paul Harvey, “and now, the …

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Permanent link to this article: http://new.wkubbtcenter.com/2014/05/02/the-rest-of-the-story-employment-recovery/

Aug
30

Pain and Gain: The Economic Principle, not the Movie

What’s not to like about increasing living standards for everyone?  Most people agree that economic growth is good because it allows people to have better access to food, clothing, shelter, health care, education, entertainment, and other nicer stuff.  A few don’t like economic growth because they mistakenly believe growth is bad for the environment or …

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Permanent link to this article: http://new.wkubbtcenter.com/2013/08/30/pain-and-gain-the-economic-principle-not-the-movie/

Sep
21

Multiplying Stupidity

Work has become passé.  The labor force participation rate fell to a 31 year low in August as another 368,000 people left the work force.  It also represented the lowest labor force participation rate on record for men at 69.8%.  That rate does not even include those who are incarcerated.  The US has more than …

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Permanent link to this article: http://new.wkubbtcenter.com/2012/09/21/multiplying-stupidity/

Aug
31

Unemployment and the Unemployable

The US unemployment rate rose to 8.3% in July and Jobless claims in August have risen by 10,000 over July.  The slowly growing US economy is not denting the 8% unemployment rate.  Keynesian economists believe that this must be due to some lack in demand for US goods and services.  If only Congress could borrow …

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Permanent link to this article: http://new.wkubbtcenter.com/2012/08/31/unemployment-and-the-unemployable/

Feb
24

The Sixth Day

Commandment number 4 (3 in the Catholic and Lutheran tradition) of the famous Ten Commandment is commonly referred to as the commandment relating to taking a sabbath.  Exodus 20 8-11 provides the text of the commandment: “Remember the sabbath day to keep it holy.  Six days shalt thou labor and do all thy work; but …

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Permanent link to this article: http://new.wkubbtcenter.com/2012/02/24/the-sixth-day/