Tag Archive: unemployment

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://wkubbtcenter.com/2014/05/02/the-rest-of-the-story-employment-recovery/

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://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://wkubbtcenter.com/2012/08/31/unemployment-and-the-unemployable/

Oct
11

Occupied Territory: Wall Street or Welfare Street?

It is about time people started protesting 9% plus unemployment.  For that matter, it is good to see that people are concerned about insiders being able to use their government connections to line their pockets with taxpayer money.  Should banks which made really stupid loans only to be bailed out by taxpayers be protested?  Sure, …

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Permanent link to this article: http://wkubbtcenter.com/2011/10/11/occupied-territory-wall-street-or-welfare-street/