By Frank Stricker Are we on the precipice of a recession? Some experts think so. Neil Dutta wrote a piece for Business Insider with this title: “We’re on the Brink of an Unemployment Fiasco.” At The American Prospect, Ryan Cooper’s article revealed a lack of reverence for the Chair of the Federal Reserve: “Inflation is… Read More Are We on the Verge? The Jobs Report for June 2024
By Frank Stricker The Bureau of Labor Statistics (BLS) found that the official unemployment rate rose a tenth of a point to 4% in May. It had stayed under 4% for 27 months. When we at the National Jobs for All Network include hidden unemployment—job-wanters not searching, including… Read More What Labor Shortages? The Government Jobs Report for May 2024
By Frank Stricker April 12, 2024 In the Bureau of Labor Statistics’ (BLS) Employment Situation–March 2024, the unemployment rate was 3.8%. It has been under 4% for two years and that is a positive. But if we add to the unemployment numbers involuntary part-timers (people who want full-time work) and job hunters who are not… Read More No Recession, But Wages Are Kinda Stuck
by Frank Stricker January 16, 2024 There wasn’t much change in some key indicators in December. The BLS (Bureau of Labor Statistics) unemployment rate stayed at 3.7% and has lingered in a narrow range for two years. As the Full Count shows, a more comprehensive estimate of the truly unemployed… Read More Back to Normal? Jobs in December and More
by Frank Stricker The Bureau of Labor Statistics’ (BLS) report for the month of November was generally positive, especially after previous months when official unemployment (UE) crept up to 3.9% and seemed poised to go over 4%. Official UE fell to 3.7%. A more comprehensive unemployment number calculated by the National Jobs for All… Read More Unemployment is Down, and Attitudes Are Too: The Situation in November, 2023
