100,000 Layoffs and Counting: Is this the New Normal?

Oil JobsThis time a year ago, the oil industry’s biggest problem was finding a way to deal with the “retirement tsunami” about to crash down on it as older oilfield workers hung up their cork boots to enjoy freedom-55. Now, with oil prices still in the doldrums, many of those same workers are lucky to be hanging onto their jobs, while others have been booted from the payroll as an ugly wave of layoffs takes hold.

One of the worst-affected areas is [Continue reading]

BLS Releases February Unemployment Numbers

The U.S. Bureau of Labor Statistics (BLS) released the February Unemployment figures on Friday March 6th. According to the BLS the Current Unemployment Rate (Seasonally adjusted) for February was 5.5% down from 5.7% in January. Along the same lines we see the Unadjusted Unemployment rates fall from 6.1% to 5.8%.  However, according to Gallup the Unadjusted Unemployment rate was actually 6.7% and the U-6 unemployment rate was 16.1%.

Unemployment Numbers According to Gallup

 

Unadjusted U-3 Unadjusted U-6
BLS 5.8% 11.4%
Gallup 6.7% 16.1%
Difference 0.9% 4.7%

Once again the BLS numbers are quite a bit different than the [Continue reading]

Is the Government Fudging Unemployment Numbers?

BLS vs Gallup

What is the True Unemployment Rate? Comparing Bureau of Labor Statistics numbers to an Independent Source There has been a lot of talk about the validity of the government generated unemployment numbers created by the U.S. Bureau of Labor … [Continue reading]

The Big Lie – Part 2

LaborForceParticipation

Last week we published an article titled Gallup Head Says Unemployment Rate is “A Big Lie” in it we said that, the big news is that Jim Clifton the CEO of Gallup said that unemployment is really closer to 9%. Here’s what he said: There’s no other … [Continue reading]

Gallup Head Says Unemployment Rate is “A Big Lie”

The U.S. Bureau of Labor Statistics (BLS) released the Unemployment rate for January 2015 today. Adjusted U-3 unemployment rose "insignificantly" from 5.6% to 5.7%. Unadjusted unemployment rose more significantly from 5.4% in December to 6.1% in … [Continue reading]

Unemployment Down but Fewer People Working?

BLS Employment Data

On Friday January 9th the U.S. Bureau of Labor Statistics (BLS) released the Unemployment Data for December 2014. According to the BLS the Current Unemployment Rate (Seasonally adjusted) for December was 5.6% down from 5.8% in November. Along the … [Continue reading]

Taking Your New Business to the Next Level

Taking Your Business to the next level

Getting a new business off the ground is a tremendous achievement, as many small businesses fail in the first year. After establishing a beginning level of success, however, it's not a good idea to rest on past laurels. Rather, it is important to … [Continue reading]

Careers High School Grads Should Consider

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After graduation, many of your friends leave for college to earn a degree. And while you might have considered college yourself, it may not be for you. Whether you’re still saving, or just don’t have the time, college may not be in the cards right … [Continue reading]

November Unemployment Rate Flat

Employment-1939-2014_Nov-a

The U.S. Bureau of Labor Statistics (BLS) released the November Unemployment figures on December 5th. The Seasonally Adjusted Unemployment Rate was 5.8% the same as the October. The Unadjusted Unemployment rate was also flat at 5.5% for … [Continue reading]

A Changing Economy = Changing Job Opportunities

Printers Type Box

​In a recent issue of Outside the Box author John Mauldin told a story of life when he was growing up and how it created an opportunity for him to earn some extra money while he was going to college. But today things have changed so much that young … [Continue reading]