March 2015 Unemployment Flat

The U.S. Bureau of Labor Statistics (BLS) released the March Unemployment figures on Friday April 3rd. According to the BLS the Current Unemployment Rate (Seasonally adjusted) for March was 5.5% unchanged from February. The Unadjusted Unemployment rate however fell from 5.8% to 5.6%. However, according to Gallup the Unadjusted Unemployment rate was actually 6.5% and the U-6 unemployment rate was 15.6% down from 16.1% in February.

Unemployment Numbers According to Gallup

 

Unadjusted U-3 Unadjusted U-6
BLS 5.6% 11.0%
Gallup 6.5% 15.6%
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?

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 Statistics (BLS). Generally, we look at the Employment numbers rather than the Unemployment Rate because they are much more accurate. We’ve looked at Employment vs. Unemployment to see how they compare and we’ve looked at U-6 (total labor force including those who’ve given up looking) vs. U-3 (those who are still actively looking).  The U-3 unemployment rate is the commonly quoted one. But the one problem is that all that data comes from the government. If they are fudging the numbers how would we know? Unless as we’ve noted before there are inconsistencies between the Unemployment and Employment Charts. But we  [Continue reading]

Building Your Own Business

Business Idea

Whenever the unemployment rate climbs people begin to get desperate and many think that this may be the time to strike out on their own (since they can't find a job anyway). Unfortunately, a time when even experienced businesses are struggling and … [Continue reading]

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

Oil Jobs

This 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 … [Continue reading]

BLS Releases February Unemployment Numbers

Employment February 2015

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 … [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

ID-100209748

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]