Is the Government Fudging Unemployment Numbers?

What is the True Unemployment Rate?

Comparing Bureau of Labor Statistics numbers to an Independent Source

BLS_vs_Gallup_Unemployment_3_Aug2015There 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]

Lessons in Funding for Entrepreneurs

Today’s entrepreneurs need to understand all aspects of their industry in order for their business to thrive. This includes financial funding as well as how to interact with investors and lenders that provide them with the early money and the ongoing cash flow support needed. Below is an analysis of some of the most important lessons gained by successful entrepreneurs who were able to find money when they most needed it.

Communicate Your Vision

VisionSuccessful companies are built on a meaningful vision. Trends come and go, but long-lasting companies have something more to put on the table than just a killer value proposition. They have a worthwhile and enduring vision that attracts strong capital partners with good connections in the earliest stages. Sometimes these connections become key employees and indispensable managers. If you want to build a strong organization, start with [Continue reading]

Tips for Finding the Right Employee

Interview Intuition Tips for Narrowing Your Candidate Pool

Your employees are the heart of your business, so hiring the right applicant is a huge decision you want to get right the first time. Large-platform job-search sites can generate hundreds of applicants for your opening, but you’ll need to develop a … [Continue reading]

July Unemployment Data Released

BLS_vs_Gallup_Unemployment_2_Jul2015

The BLS issued their “preliminary estimates” for the employment situation for the month of July 2015. Their abbreviated report using seasonally adjusted numbers says, "Total nonfarm payroll employment increased by 215,000 in July, and the … [Continue reading]

Which Benefits Aren’t Benefiting Your Employees?

Scaling Back Which Benefits Aren't Benefitting Your Employees

More and more businesses are being forced to eliminate certain benefits in order to reduce costs so they can survive financially. This is due to increased competition, reduced market shares, and a sluggish economy. Supplemental insurance expert, … [Continue reading]

Online Electronic Storage

Cloud_Computing

Storing paper copies can be cumbersome and takes a lot of space. These days a successful business needs a good electronic archival system. How to Make Moving From Hardcopies to Online Storage Easier Many companies are understandably apprehensive … [Continue reading]

June Unemployment Data

Employment-2000-Jun-2015

The U.S. Bureau of Labor Statistics (BLS) released the newest unemployment data for June 2015 on the first Thursday of July (rather than Friday due to the holiday).  According to the BLS, the current “Seasonally Adjusted” Unemployment Rate for June … [Continue reading]

May Unemployment Data

unemployment_rate_May_2015

The U.S. Bureau of Labor Statistics (BLS) released the newest unemployment data for May 2015 on Friday June 5th. According to the BLS, the current “Seasonally Adjusted” Unemployment Rate for May is 5.5% up from April’s 5.4%. The BLS reported the … [Continue reading]

Income Inequality — Why Workers Aren’t Getting Ahead

wages vs GDP

By Windriven Recovery from the Great Recession has been slow and uneven. Six years in and U3 unemployment is finally down to 5.4%, U6 has dipped below 11%. Why are there so few voices claiming victory and why do their claims ring a bit … [Continue reading]

BLS Releases Unemployment Rates for April

Employment-2000-Apr-2015

The U.S. Bureau of Labor Statistics released the Employment and Unemployment rates for the month of April 2015 on Friday May 8th.  The commonly quoted Seasonally Adjusted U-3 Unemployment rate was 5.4% down slightly from 5.5% in both February and … [Continue reading]