Tag: department of labor

U.S. Job Creation Holds at Six-Year High

Gallup’s U.S. Job Creation Index was steady in August at +28, tying the six-year high reached in July. This is up from +22 in August 2013. The index has been fairly flat since May, after trending up in the first few months of 2014.

4 Million Fewer Jobs: How The BLS Massively Overestimated US Job Creation

Here is the bottom line: since Lehman, or starting in 2009, the Birth/Death adjustment alone has added over 3.5 million jobs. Or rather “jobs”, because these are not actual jobs – these are BLS estimates for how many jobs newly-formed businesses have created based purely on statistical estimations and hypotheses that the US economy in 2014 is as it was in 1960. Which means…

Unemployment rate is over 20% for poorest U.S. households

The unemployment rate for families earning less than $20,000 is more than 21% but only 3.2% for households earning more than $150,000 a year, according to an analysis of federal data. When factoring in the underemployed or those who have stopped search for work, the “underutilized” rate for households earning less than $20,000 is about 40%.

Woah! The Bureau of Labor Statistics Has an App

Looking to keep your finger on the pulse of employment data in the U.S.? There’s an app for that. From the Census: Take the pulse of the U.S. Economy straight from your phone. The America’s Economy app provides real-time updates for 19 key economic indicators released from the U.S. Census Bureau, Bureau of Labor Statistics, and Bureau of Economic Analysis. Key economic measures on…

U.S adds 195,000 jobs in June; unemployment 7.6%

The U.S. economy added a better-than-expected 195,000 jobs in June and employment gains for May and April were revised sharply higher, the U.S. government said Friday. The unemployment rate was unchanged at 7.6%, but the size of the labor force increased by 177,000, according to the Labor Department. Economists surveyed by MarketWatch expected an increase of 155,000 jobs last month. The number of new…