Inside Obama’s Unemployment Rate

By Rick Manning || Each month, the U.S. Labor Department’s Bureau of Labor Statistics (BLS) releases America’s unemployment rate as economic analysts and politicians everywhere wait with baited breath.  However, what was once a straightforward calculation has become the source of controversy as to whether it is even still constitutes a valid economic indicator.
One thing [...]

Jobless Rate Drops, Long-Term Worries Remain

The American economy posted solid employment gains in January, although worries persist about the extent and the sustainability of the nation’s belated “recovery,”cloud the long-term employment picture.
Nonetheless, the U.S. economy created 243,000 jobs last month according to statistics released on Friday by the U.S. Department of Labor. That was good enough to drop the nation’s [...]

US Unemployment Rate Remains Flat

The nation’s unemployment rate remained stuck at 9.1 percent for the third straight month according to statistics released on Friday by the U.S. Department of Labor. Meanwhile the underemployment rate – a broader, more accurate measure of joblessness – climbed from 16.2 to 16.5 percent.
The American economy created 103,000 jobs in September – more than [...]

Mick Mulvaney Issues Statement On Unemployment Data

For Immediate Release
9.2.2011
Rock Hill, SC – U.S. Congressman Mick Mulvaney today released the following statement on the most recent report from the Labor Department, which showed unemployment stuck at 9.1% with no job growth:
“Once again, we’ve received a poor jobs report with little hope for improvement any time soon. Once again, we’ve seen the ill [...]

US Economy: Zero Job Growth

The United States economy created zero jobs during the month of August – falling far short of analysts expectations and dealing yet another blow to America’s struggling economy. Also, the U.S. Bureau of Labor Statistics (BLS) revised July’s job gains downward – from 117,000 to 85,000.
This lack of job growth – which comes after ten [...]

SC Unemployment Rate: Still Climbing

South Carolina’s unemployment rate has taken another sharp turn to the north – climbing from 10.5 percent to 10.9 percent during the month of July. It’s the third straight month that South Carolina’s unemployment rate has climbed. Meanwhile the state’s underemployment rate – a broader, more accurate measure of joblessness – currently stands at 18.3 [...]

U.S. Unemployment Rate Dips

Against a backdrop of increasingly ominous economic indicators, the U.S. unemployment rate actually ticked downward by a tenth of a percentage point in July – clocking in at 9.1 percent. The “underemployment rate,” a broader, more accurate measure of joblessness, also edged downward by a tenth of a percent – from 16.2 to 16.1 percent.
According [...]

Dismal Jobs Data: US Unemployment Rate Rises

The sputtering U.S. economy created a paltry 18,000 jobs in June – sending the nation’s unemployment rate climbing to 9.2 percent. Meanwhile, the nation’s underemployment rate – a broader, more accurate measure of joblessness – climbed from 15.8 to 16.2 percent.
On top of that, May’s meager job growth was slashed in half – from an [...]

US Unemployment Rate Up

America’s unemployment rate rose to 9.1 percent in May – while the number of new jobs plummeted to its lowest level in nine months.
The data – released Friday by the U.S. Labor Department – highlighted the ongoing sluggishness of the U.S. economic “recovery.” Earlier this week, depressing housing data provided additional evidence that the “recovery” [...]

Jobs Shed, Rate Holds

The U.S unemployment rate held at 9.6 percent in September, although the economy shed 95,000 jobs – mostly due to cuts in the public sector. The private sector actually added 64,000 positions, although that anemic level of growth is nowhere near sufficient to fuel anything resembling a ‘”recovery.”
Even the Bureau of Labor referred to private [...]

US Unemployment Rate Rises

In a momentary reversal of the recessionary trend, government shed jobs during August while the private sector posted minimal employment gains.
The result was a net loss of 54,000 positions – which was attributable in large part to the scheduled termination of over 100,000 temporary U.S. Census positions. As a result, the nation’s unemployment rate increased [...]

US Unemployment Rate: No Change

By FITSNews || The U.S. unemployment rate remained stuck at 9.7 percent for the month of February – while the broader “underemployment” rate in America rose to 16.8 percent (from 16.5 percent in January).
Of course, were it not for automatic “seasonal adjustments” incorporated by the U.S. Department of Labor a month ago, the unemployment rate [...]