Better but Not Great (June 2021 Jobs Report Analysis)

By FRANK STRICKER The employment and unemployment numbers come from two different surveys, and at times they seem to describe different economies. The Bureau of Labor Statistics’ (BLS) survey of 60,000 households shows that in June, unemployment rose by a tenth of a point to 5.9%, and the number of employed people actually fell a… Read More Better but Not Great (June 2021 Jobs Report Analysis)

Unemployment Data–MAY 2021

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

Unemployment Data–AUGUST 2019

AUGUST 2019 Unemployment Data–the Full Count (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 3.7%* [Analyses] White      3.4% African American 5.5% Hispanic 4.2% Asian¹           2.8% Persons with a disability¹   7.2% Men 20 years and over 3.4% Women 20 years and over 3.3% Teens (16-19 years) 12.6% Black teens 15.7%… Read More Unemployment Data–AUGUST 2019

Can You Count the Unemployed? an NJFAC Quiz

THE UNEMPLOYED SPEAK* 1. Jack was laid off after 17 years as a mechanic when his plant was relocated in Mexico. Unable to find a comparable job, Jack is working at Walmart at a fraction of his previous wage. Answer: Jack is a casualty of unemployment, but he is counted as employed, despite his downgrading.… Read More Can You Count the Unemployed? an NJFAC Quiz