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)
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?
On the first Friday of each month the Labor Department releases the previous month’s unemployment numbers, and the issue of unemployment and joblessness gets attention from the news media. The National Jobs for All Coalition is urging groups and unemployed workers to hold news conferences, vigils and pickets at unemployment offices, and to take other… Read More Call for “First Friday” Actions