By FRANK STRICKER In July, the official Bureau of Labor Statistics unemployment rate fell to 3.5%. It has not been that low since the first months of 2020 before the pandemic began. But unemployment rates were still quite high for African Americans (6%), teens (11.5%), and especially for black teens (20.3%). 1. Why Aren’t Even… Read More Recession Yet? The Jobs Report for July, 2022
By FRANK STRICKER The Bureau of Labor Statistics’ job and unemployment report for the month of June is pretty positive. The official unemployment rate, derived from a sample of households, stayed low: 3.6% for the fourth month in a row. The rates for Asian-Americans and Hispanics were also quite low at 3.3% and 4.3%. But… Read More June Jobs: Pretty Good, But Wait…
By FRANK STRICKER Here are four key points to consider about the December 2021 Jobs report. 1. Just Pretty Good. This is not a bad job report. Even though we in the National Jobs for All Network believe it is a serious undercount, a 3.9% unemployment rate is historically quite a low official unemployment rate. And… Read More More Recovery and Reform, Please! The Employment Situation—December 2021
By FRANK STRICKER There was bad news about the economy in April. However, some of the bad news was really about the good news that the economy is opening up, and people and businesses wanted to buy more stuff. Let’s look at the details. Higher Inflation The consumer price index (CPI) rose 0.8 percent in… Read More Inflation Threat: How Bad Are Recent Job and Inflation Reports?
