The Jobless Benefits and the Banks
An economic stimulus to banks continues while an extension of unemployment benefits (an economic stimulus) to individuals ceased on December 28, 2013. Both government packages are a stimulus to...
November Jobs Report: Unemployment Down to Seven Percent
The U.S. Bureau of Labor Statistics reported a drop in unemployment from 7.3% to 7.0%. According to BLS:
Total employment as measured by the household survey increased by 818,000 over...
U.S. Jobless Claims Drop In Some Areas
The U.S. Department of Labor released a report stating average jobless claims has dropped but not all areas are seeing improvements. California (+3,715), Ohio (+1,270), Texas (+1,151), Pennsylvania (+999)...
Little Change: The Number of Long-term Unemployed
According to the latest unemployment figures released by the Bureau of Labor Statistics, the number of long-term unemployed showed little change in July. The number sits at 4.2 million...
Average hourly wages fell 0.1 percent in July
The U.S. economy continues to lag. While Ben Bernanke is on the record that the Fed will keep interest rates at zero until the Unemployment figure is below 6.5...
Unemployment Rate Down Due to Retirement
In the report The New Sick-onomy? Examining the Entrails of the U.S. Employment Situation, Daniel Alpert asks: "The official (U-3) unemployment rate has fallen to 7.6 percent from a...