June 2021 Unemployment Data–the Full Count The BLS estimates that official unemployment this month may be understated by up to 0.2%, reflecting measurement problems. (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 5.9%*[ANALYSES by EXPERTS] White 5.2% African American 9.2% Hispanic 7.4% Asian¹ 5.8% Persons with a disability¹ … Read More Unemployment Data–JUNE 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?
May 2021 Unemployment Data–the Full Count The BLS estimates that official unemployment this month may be understated by up to 0.3%, reflecting measurement problems. (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 5.8%*[ANALYSES by EXPERTS] White 5.1% African American 9.1% Hispanic 7.3% Asian¹ 5.5% Persons with a disability¹ … Read More Unemployment Data–MAY 2021
The Full Count: April 2021 Unemployment Data Officially unemployed: 9.8 million (6.1%) Hidden unemployment: 11.8 million (Includes 5.2 million people working part-time because they can’t find a full-time job; and 6.6 million people who want jobs, but are not actively looking) Total: 21.6 million (12.9% of the labor force) There are 2.7 job-wanters for each available job! For… Read More The Full Count: April 2021 Unemployment Data
By FRANK STRICKER The federal survey of business and governmental organizations for April 2021, showed that job additions were much lower than expected–266,000 instead of more than expected 900,000. The household survey, from which we get numbers on the labor force and unemployment, showed that more people had jobs. But more were also looking for… Read More “Why Won’t Workers Work?”: The April Jobs Report, and Real Full Employment
