Comparing Bureau of Labor Statistics Unemployment Numbers to an Independent Source

The Bureau of Labor Statistics (BLS) and the Gallup Survey people both generate numbers to help us understand the employment/unemployment situation. Unfortunately, they often present a different picture. Typically the BLS data presents a rosier picture than the independently surveyed Gallup numbers. Often in the summer, the gap between the BLS and the Gallup closes. […]

Why the U.S. Isn’t at “Full Employment” Yet

BLS posted good employment news and the NY Times and WSJ started talking about “Full Employment” but are we really that close? Probably not!

January Unemployment

he U.S. Bureau of Labor Statistics (BLS) released the newest unemployment data for January 2017 on Friday, February 3rd. According to the BLS, the current “Seasonally Adjusted” Unemployment Rate is 4.8% up from 4.7% in December and 4.6% in November but still below the 4.9% in October.

The current “Unadjusted” rate is 5.1% up from 4.5% in December and 4.4% in November. Typically unadjusted unemployment rates jump in January for “Seasonal” reasons which is why we see a large jump in the unadjusted rates but a much smaller jump in the seasonally adjusted unemployment rate.

5 Tips to Manage House Payments While You’re Unemployed

While you may not look forward to going to work every morning, it does provide the income that you need to make the mortgage payment. However, if you are out of work, it doesn’t mean that you should immediately look to sell the family home. The best solution is to plan ahead and pay into an emergency fund which optimally should cover 6 months of living expenses. But what if you weren’t that farsighted? Here are some ways to manage the mortgage payment until you can get back to work:

Unemployment Inches Up

The U.S. Bureau of Labor Statistics (BLS) announced on Friday January 6th, 2017 that the seasonally adjusted unemployment rate for December was 4.7% up from 4.6% in November. The unadjusted U-3 came in at 4.5% up from 4.4% in November. Gallup on the other hand says the unadjusted U-3 is 5.1% up from 4.9% in November.

Is the U.S. Really at “Full Employment”?

Back in February of 2016 Fortune magazine published an article entitled “The U.S. Economy Is Finally at Full Employment” and then in May CNN-Money published an article entitled The U.S. is ‘basically at full employment’ quoting San Francisco Federal Reserve President John Williams as saying “We’re basically at full employment…that’s very good news.”

“We’re basically at full employment…that’s very good news.” San Francisco Federal Reserve President John Williams. So what is “Full-Employment” and are we really there? At first glance you might think that full employment should equal 0% and with the current unemployment rate hovering around 4.7% we obviously aren’t there. But…

November Unemployment Rates- Economic Confidence Up After Election

On Friday, December 2nd the U.S. Bureau of Labor Statistics (BLS) released their Employment and Unemployment data for the month of November. According to the BLS numbers Seasonally Adjusted U-3 unemployment was 4.6% down from 4.9% in October. Unadjusted U-3 was 4.4% down from 4.7%. According to Gallup unadjusted U-3 was 4.9% down from 5.1%.

Financial Solutions for Unemployed Dads

While people often view mothers who stay home with their children in a positive way, they may look down on stay at home dads. When you lose your job, it can take months until you find another one. This can be stressful and financially difficult for unemployed dads. Unemployment is stressful and depressing, between applying […]

Employment and Unemployment Rates Jump in June???

On Friday July 8th, the U.S. Bureau of Labor Statistics (BLS) released their newest unemployment data for June 2016. According to the BLS, the current “Seasonally Adjusted” Unemployment Rate is 4.9% up from 4.7% for May. The current “Unadjusted” rate is 5.1% up from 4.5% in May. In an interesting twist, although total non-farm payroll employment increased by 287,000 in June, the unemployment rate also rose to 4.9 percent from 4.7%.

May’s “Terrible” Jobs Report

On June 3rd the U.S. Bureau of Labor Statistics released its “surprisingly weak” monthly Employment Report which the media is touting as “terrible”. According to the media “only 38,000 jobs were created” in the month of May. Although experts were predicting increase two or three times as large.
This was the smallest gain since September 2010 partially fueled by the Verizon strike of 34,000 but even with that extra 34,000 payrolls would have increased by only 72,000. However, like most Government statistics it is only half the story. First of all, the numbers quoted are …