BLS Releases August Unemployment: 6.1% Down from 6.2% in July

The U.S. Bureau of Labor Statistics (BLS) released the August Unemployment figures on September 5th. The Seasonally Adjusted Unemployment Rate was 6.2% up from 6.1% in June. The Unadjusted Unemployment rate was also down from 6.5% in July to 6.3% in August.

BLS vs GallupIn another rare occurrence, the BLS seasonally adjusted numbers are actually identical to the Gallup numbers for the first time since September 2011. In the interim the BLS has been lower than the Gallup numbers 24 times and Gallup has been lower 9 times. The average difference when the BLS is lower is  0.6% but when Gallup is lower the average has only been 0.3%. So in addition to BLS being lower more often it is also lower by more indicating some sort of bias to the downside. But perhaps the BLS is mending their ways since last month and this month have resulted in the BLS and Gallup being well within a normal margin of error. [Continue reading]

Is the Government Fudging Unemployment Numbers?

What is the True Unemployment Rate?

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) lately. (And not just by me!)  Every month I tell you that we look at the Employment numbers rather than the Unemployment Rate because they are much more accurate. We’ve looked at Employment vs. Unemployment 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 finally  [Continue reading]

Outside the Box: Employers Aren’t Just Whining: The “Skills Gap” Is Real

Mind the gap12329159165_a12a8df2ca_m

By John Mauldin Paul Krugman and other notables dismiss the notion of a skills gap, though employers continue to claim they’re having trouble finding workers with the skills they need. And if you look at the evidence one way, Krugman et al. are … [Continue reading]

BLS Releases July Unemployment: 6.2% Up from 6.1% in June

Employment Numbers july 2014

The U.S. Bureau of Labor Statistics (BLS) released the July Unemployment figures on August 1st. The Seasonally Adjusted Unemployment Rate was 6.2% up from 6.1% in June. The Unadjusted Unemployment rate was also up from 6.3% in June to 6.5% July. Of … [Continue reading]

Wages Flat Since Last Year but Depend Upon Education

Salary by Occupation

Median Salaries Unchanged from Year Ago According to the current Bureau of Labor Statistics (BLS ) news release on weekly earnings for the second quarter of 2014, the median weekly earnings for a full-time worker was $780 virtually unchanged from … [Continue reading]

BLS Releases June Unemployment- 6.1%

The U.S. Bureau of Labor Statistics (BLS) released the June Unemployment figures on July 3rd. The Seasonally Adjusted Unemployment Rate was 6.1% down from 6.3% in May. The Unadjusted Unemployment rate was the exact opposite 6.3% in June and 6.1% May. … [Continue reading]

Unemployment by State and County

May Unemployment Map 2014

Unemployment rates vary drastically by state depending on local conditions and a state's individual legislative policies. As a general rule those states with a "pro-business" stance have lower unemployment rates than those who punish businesses … [Continue reading]

Productivity Down in First Quarter 2014

Productivity Q1 2014

The U.S. Bureau of Labor Statistics (BLS) released its revised estimate of productivity and costs for the first quarter of 2014. According to this report productivity in the "Non-farm" sector fell drastically.  "The decrease in productivity was the … [Continue reading]

Jobs for Extroverts

Extrovert Jobs

While there are several important events you go through in life, school, graduation, marriage and so on, finding an ideal vocation is particularly important. Yet in some cases, people who find that they have an extroverted personality experience … [Continue reading]

Proper Business Attire for Women- Infographic

Womens-Guide-to-Business-Attire1

There is an old saying "the clothes make the man" or in this case the woman.  In the modern culture many women think, "oh, I should be able to be myself" and "they shouldn't judge me by how I dress" and "I just want to be comfortable".  But … [Continue reading]