U.S. Unemployment Rate Declines

The U.S. unemployment rate declined from 7.9 percent in January to 7.7 percent in February as the economy created 236,000 jobs, according to data from the U.S. Bureau of Labor Statistics.
That’s the third time in the last four months the economy has created more than 200,000 jobs – and unemployment is now at its lowest [...]

Barack Obama’s Economy: A “Term” Lesson

FEWER MAKERS, MORE TAKERS
U.S. President Barack Obama defied history last November when he won a second term with the nation’s unemployment rate at 7.9 percent – the first president to to do since Franklin Delano Roosevelt in 1936.
But the widely watched jobless rate doesn’t give an entirely accurate picture of America’s chronic sluggishness on the [...]

U.S. Unemployment Rate Unchanged

LABOR PARTICIPATION RATE REMAINS NEAR 30-YEAR LOW
The American economy added 155,000 jobs in December – roughly the same number it added in November. Unfortunately the nation’s labor participation rate remained stuck at 63.6 percent - just 0.1 percent above a three-decade low (recorded in August). By contrast, the labor participation rate stood at 65.7 percent when Obama [...]

U.S. Unemployment Rate Inches Up

LABOR FORCE EXPANDS MODESTLY IN OCTOBER
The American economy created 171,000 jobs in October but the nation’s unemployment rate edged up from 7.8 percent to 7.9 percent due to additional workers joining the labor force.  The U.S. Bureau of Labor Statistics (BLS)  also estimated that 84,000 additional jobs were added during the prior two months – [...]

Barack Obama’s Jobs Reality

WILSON: “WE’RE STILL BLEEDING”
By Bill Wilson || In this recession, the economy has lost a net 3.4 million jobs from its 2008 peak that have yet to be recovered. Meanwhile the working age population has grown by more than 11.1 million — creating a 13.5 million (and widening) jobs gap that will not be filled easily [...]

Cooking The Books?

OBAMA ADMINISTRATION’S JOBS REPORT QUESTIONED
Lots of people were thinking it, but it was a tweet from the former chairman of General Electric that got the story moving.  Responding to the release of this month’s federal employment data (and its proximity to a disastrous debate performance by Barack Obama), Jack Welch tweeted thusly …
Unbelievable jobs numbers..these [...]

Private Sector Job Growth Cools

HIRING SLOWS IN SEPTEMBER
The American private sector created 162,000 jobs in September according to a monthly report from payroll processer ADP. That figure is lower than August’s revised 189,000-job figure – which was trimmed by 12,000 jobs.  Meanwhile July’s gain was also pared back from 173,000 to 156,000 jobs.
The ADP data – released just two [...]

Mitt Romney Statement On US Unemployment Rate

Today’s increase in the unemployment rate is a hammer blow to struggling middle-class families. Yesterday I launched my Plan for a Stronger Middle Class that will bring more jobs and more take home pay.
My plan will turn things around and bring the economy roaring back, with twelve million new jobs created by the end of [...]

US Unemployment Rate Rises

KEY INDICATOR CLIMBS TO 8.3 PERCENT 
The U.S. economy created an estimated 163,000 jobs in July – more than double the previous month and well above what economists were predicting.
Good news, right?
Sort of … despite the uptick in employer-reported hiring, the nation’s unemployment rate rose from 8.2 to 8.3 percent thanks to households indicating a loss [...]

US Growth Slows

GROSS DOMESTIC PRODUCT EXPANDS BY ONLY 1.5 PERCENT
The United States economy grew at a weak 1.5 percent clip during the second quarter of 2012 – roughly in line with what economists were expecting but well below the level needed to stimulate sustained employment growth.  Meanwhile gross domestic product (GDP) growth from the first quarter of [...]

“Devastating” Jobs Report For Barack Obama

NATION’S JOB GROWTH SLOWS, UNEMPLOYMENT RATES EDGE UP
U.S. President Barack Obama’s reelection prospects took a major dip this week with the release of a bleak jobs report.
According to the U.S. Bureau of Labor Statistics, the American economy created just 69,000 jobs in May – well below the 150,000 jobs forecast. As a result, the unemployment [...]

The Shadow Unemployment Rate

… AND WHY IT’S NOT GOING TO IMPROVE ANYTIME SOON
While politicians at the state and national level continue to toast declining unemployment, the truth about America’s shrinking labor force is finally getting some attention.
In fact the mainstream media is now taking note of this depressing trend … which reveals that America’s “improving” employment situation is [...]