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_Jan2016There 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]

4 Software Programs Every Small Business Needs

Every entrepreneur needs affordable and efficient software programs to help them run their company, to save time and save money. Read on to learn about four key programs that will ensure the financial success of your small business.

Accounting Software

4 Programs You Need to Have for Your Small Business2Smaller companies generally have a narrow profit margin, so they need to carefully manage their finances. Small business finances can involve everything from inventory management to product costs and billing cycles. In order to get an accurate picture of your financial health, small business owners should use accounting software programs. These helpful programs allow the users to process and record basic financial transactions such as accounts payable and receivable.

They can also provide [Continue reading]

Oil Jobs Lost: 250,000 And Counting, Texas Likely To See Massive Layoffs Soon

Oil Falling

Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel. That spells more pain for the energy sector. Many … [Continue reading]

Saving Money on Small Business Expenses

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Running a small business can be tough. If you’re not careful with your expenses, you can easily go into the red. Thankfully, there are many things small businesses can do to save money. Below are five strategies for saving money on all your most … [Continue reading]

Women Entrepreneurs Making An Impact Now

Mary Barra

These days almost every industry has its share of outstanding women entrepreneurs. The list starts at the top of the business food-chain with first-time women CEOs such as Mary Barra of General Motors and IBM’s Ginni Rometty. This is followed with … [Continue reading]

The Gig Economy Is the New Normal

Independent Contractors

By John Mauldin An already-confusing employment environment grew even more complicated this past week. Many readers responded to my “Crime in the Jobs Report” letter with their own stories. Some confirmed what I wrote, while others disputed it. … [Continue reading]

5 Unusual Freelance Jobs

Podcasting

In the new gig economy, the key to successful freelancing is having a variety of profit centers. Whether you choose to have several projects in one field, or work in a variety of fields, having an arsenal of freelance options will keep you … [Continue reading]

A Closer Look at All Those New U.S. Jobs

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U.S. labor force participation rate is at its lowest level in 38 years A Closer Look at All Those New U.S. Jobs U.S. labor force participation rate is at its lowest level in 38 years By Elliott Wave International Editor's note: You'll find a … [Continue reading]

BLS Releases October Employment Figures

Unemployment Rate October 2015

Current Unemployment Rate Chart According to the latest U.S. Bureau of Labor Statistics (BLS) data release on November 6th the current “Seasonally Adjusted” Unemployment Rate for October is 5.0% down from September’s 5.1% which was down … [Continue reading]

High Paid Miners Now Working at Walmart?

BLS vs Gallup Numbers

September Employment Numbers Disappointing Apparently U.S. employers cut back on hiring over the last two months. The expectation by economists polled by Reuters was that there would be a net gain of 203,000 jobs in September. But when the BLS … [Continue reading]