Unemployment Rate Drops to 9% — or did it?

The unemployment rate fell four-tenths of one percent to 9.0% in January, according the U.S. Bureau of Labor Statistics’s Employment Situation Report.  While the decline in unemployement should be good news for American workers and policymakers, the drop was not due a sharp increase in hiring.  In fact, only 36,000 jobs were created during the month, according […]

Unemployment Rate Unchanged at 9.6%

The Bureau of Labor Statistics just released it employment report for October 2010.  The unemployment rate was unchanged at 9.6%.  Nonfarm payroll employment increased by 151,000 in October, which is good, but still below a normal expansion.  So far, 874,000 jobs have been added since last December.  The increases were in the services industry, as the manufacturing industry tended […]

Unemployment Rate Fell? Well, Maybe …

There was (on the surface) good news from the BLS Employment Situation Report today — jobs fell by only 11,000 and the unemployment rate decreased from 10.2% to 10% from October to November.   That’s good news right?    Here is something that you won’t get from the news reports …. A closer look at the unemployment […]