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Tag Archives: unemployment rate
288,000 Payroll Jobs Created
Financial FAQs Is the Great Recession finally over? It would seem so with total nonfarm payroll employment up by 288,000, and the unemployment rate down by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics … Continue reading
Q1 Wage Growth Highest in 4 Years
Popular Economics Weekly This may finally be the year when jobs and the economic recovery are for real for most Americans. Median weekly wages grew at the fastest pace in the first quarter in more than four years, according to … Continue reading
Jobs Recession Finally Over?
Financial FAQs Is the jobs recession finally over? It’s taken this long to bring employment back to pre-Great Recession levels. Overall employment is still slightly below the pre-recession peak (437 thousand fewer total jobs). But private employment is now above … Continue reading
Government Is Missing in Job Creation
Popular Economics Weekly We know now why job creation has been so weak in the recovery from the Great Recession, or Lesser Depression, as some have called it. Governments have lost too many jobs, and that mostly includes public safety … Continue reading
JOLTS and Decline of Household Debt
Financial FAQs There is a direct correlation between the increase in job openings announced in the Labor Department’s JOLTS (Job Openings and Labor Turnover) report, and declining household debt. How so? The increase in job opportunities—the number of job openings … Continue reading
Weak Employment–American Austerity at Work
Popular Economics Weekly Is economic growth grinding to a halt, even as pundits predicted better growth in 2014? Nonfarm payrolls have advanced just 188,000 over the past 2 months, when this was the average montly increase in prior months. It … Continue reading
Unemployment Still the Problem
Financial FAQs Friday’s U.S. unemployment report might have been an aberration due to the severe winter with just 74,000 nonfarm payroll jobs created, according to the Bureau of Labor Statistics, but how many of those workers who left the labor … Continue reading
November’s 203,000 Payroll Jobs Not Enough
Popular Economics Weekly The U.S. Bureau of Labor Statistics reported today unemployment declined from 7.3 percent to 7.0 percent in November, and total nonfarm payroll employment rose by 203,000. But that shouldn’t be enough good news for the Federal Reserve … Continue reading
Thanks For Nothing, Washington!
Financial FAQs Democrats have bought the Republican lie that Democrats were the big spenders, it seems, with the draconian federal budget cuts enacted over the past 2 years. But recent statistics show it’s been the Republicans since 1980 that created … Continue reading
Posted in Consumers, Economy, Macro Economics, Politics, Weekly Financial News
Tagged employment, Great Depression, Great Recession, Gross Domestic Product, Herbert Hoover, personal consumption expenditures, President Bill Clinton, President GW Bush, President Obama, President Reagan, Real GDP, unemployment, unemployment rate
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Why Is Government So Important?
Popular Economics Weekly So it turned out to be true, contrary to those who believed less government is better. The government shutdown proved just how important government is to our daily lives. Not only its cost—upwards of $24 billion in … Continue reading
Posted in Economy, Macro Economics, Politics, Weekly Financial News
Tagged GDP growth, jobless rate, S&P, S&P downgrade, unemployment rate, unemployment report
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