Tag Archives: BLS
Off the 2016 employment cliff
This has been a tremendously hard few months for me. I don’t want to overshare, but unemployment has been at the center of many, many conversations, with family and friends having hit the bricks this year. Friends with ten, fifteen or twenty years of service are being thrown under the bus.The job I’ve had […]
Did we already collapse?
A couple of days ago, I posted about the convergence of economic bellwethers that pointed to economic collapse in the near future.I have more detail on the unemployment situation. Two of my go-to sources have indicated that the BLS report on employment last month are ‘problematic’. As you may be aware, the ‘headline’ unemployment figure […]
Economic clock: three stories
This will be short, as we all have lives to pursue. And there’s going to be more stuff on your plate now than there was before. Three articles of note today. First: Deutsche Bank (the fourth biggest banking concern in the EU) is not giving its customers the gold that they are allowed to retrieve […]
The Jobs Lie–Trump calls it
Everyone reading this knows I’m not a fan of Donald Trump. But he got something right and even MSM has to admit it. I’m not talking about election fraud (which everyone is pretending didn’t happen in the Clinton Vs Sanders dustup). This is fundamental to the case Hillary Clinton is making for a ‘third Obama […]
Worst stock market opening ever
I want to capture this moment, because (depending how things change), people might not have this on their radar screen a month or so from now. Remember, I warned you. The Stock Exchange lost over 5% of its value in the first week after New Year’s, and lost over 900 points. That makes this the […]
93 million: an update
Since I seem to be in update mode, I thought I’d share this. I’ll try to keep things simple. Back in May I wrote that a count of adults unemployed or underemployed in the current economy indicated that there were some 93 million working age Americans who weren’t in the workforce in any reasonable way […]
Unemployment ticks down in October
The BLS figures are in today–employment ticked down by a tenth of a percent last month to 5.8%. Total jobs added was approximately 214,000. There were also upward adjustments on previous months’ hiring. Huzzah. Would such a report have been enough to help Obama and the Democrats in last week’s elections had it come out a […]
Huzzah! Unemployment fell to 6.7% (NOT)
Per the Bureau of Labor Statistics, we find that the US added a paltry 74,000 jobs in December (I’m assuming that’s seasonally adjusted and doesn’t include people hired for holiday retail). And yet despite that, the Unemployment rate fell to 6.7%. Huzzah!Praise be to Obama! Praise be to the fiscally responsible Republicans who refused to […]
Unemployment, rats and brains
First, where have I been? Lots happening in the world (especially on topics of Bradley Manning, Edward Snowden, et al). I will address. But today’s news was the US unemployment figures, proudly trumpeted everywhere–the economy created a cool 162,000 jobs last month! Huzzah! True, it takes 150 thousand just to keep even with population growth, […]
New York doesn’t make anything anymore
A rather chirpy story from UPI (chirpy if you work in medicine) hit the papers today. Per the headlines, nine of the 20 largest employers in the State of New York are hospitals or healthcare networks. The North Shore-Long Island Jewish Health System is the #1 employer in the state, with some 37,000 employees. That’s about […]
The Brooklyn Culture Jam 