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_Mar2016There 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) and what is the true unemployment rate. 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]

March Jobs Data

The U.S. Bureau of Labor Statistics (BLS) released their employment data for the month of March 2016. The adjusted U-3 unemployment rate was 5.0% up from 4.9% in February. The unadjusted U-3 unemployment rate was 5.1% while the Gallup survey says the unadjusted U-3 was actually a full 1% higher at 6.1%.  See: Unemployment Rate Chart

U-6 Unemployment

The BLS says the broader U-6 unemployment rate that includes short term “discouraged workers” was 9.9% while Gallup says the rate is really 14.4%.

Meanwhile, according to [Continue reading]

Creating Your Own Success with Innovative Ideas

Creating a Better Future With Innovative Ideas

If you're green you're growing if you're ripe you're rotting. That is to say, if you want to create a better future for yourself or your company, you need to continue innovating and growing... even if you've experienced some success in the past. … [Continue reading]

Startup Success: Max Sales-Low “Burn Rate”

Entrepreneurship Integrity

The key to a startup success is knowing that the faster your startup can get from a business plan to revenue, the more likely it is the company will survive and succeed. Many new businesses measure their finances in terms of their "burn rate," which … [Continue reading]

Business Organization: Ways to Track Inventory and Streamline Processes

Inventory Management

The success of many businesses depends on inventory management i.e. how well inventory is tracked, organized and handled. Here are three proven ways to increase efficiency and profitability through better inventory tracking, reviewing data and … [Continue reading]

February Unemployment Flat

unemployment_rate_2_2016

February Unemployment Rate (Seasonally Adjusted) The U.S. Bureau of Labor Statistics (BLS) released their employment data for February on Friday March 4th 2016. The commonly used seasonally adjusted U-3 Unemployment Rate was 4.9% identical to … [Continue reading]

Creative Ways to Increase Employee Loyalty and Job Satisfaction

Teamwork ID-100191218

Employees are what give every business life. A business’s reputation can be built or destroyed by the actions of their employees. Happy employees will shine, while disgruntled employees do sub-par work and may even steal from or defraud the company. … [Continue reading]

7 Tips to Cutting Business Expenses

Business Finances

Business expenses can quickly spin out of control and cause you, the proprietor, quite a bit of undue stress. So, how do you prevent it and more importantly how do you get back the monetary control that you need in order to keep your business … [Continue reading]

Business Casual: Dress for Success

Business Casual

For many companies today, business casual is the norm. However, because it's still important for all employees to project a professional image. Knowing what clothing works best as business casual can be an important factor in enhancing your career … [Continue reading]

4 Software Programs Every Small Business Needs

Keyboard

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 … [Continue reading]