Tag Archives: labor department
Economic Frankenstein
According to the Department of Labor, 148,000 jobs were created in September. The experts thought the number of new jobs would be closer to 180,000. Still, the unemployment rate dropped a tenth of a percent to 7.2 percent. No doubt, … Continue reading
The Economic Recovery that Never Was
“There are three kinds of lies,” observed Mark Twain. “Lies, damned lies, and statistics.” Perhaps Twain had government economic reports in mind when he made his famous quip. For example, a quick glance at the headline unemployment numbers published Friday … Continue reading
Safe Investment Losses
The Labor Department reported Friday that employers added 195,000 new jobs to their payrolls in June. Nonetheless, the unemployment rate remained at 7.6 percent, as people entering the workforce subtracted out all job gains. Still, markets were delighted. The DOW … Continue reading
Another All Time High
The Labor Department reported last Friday that 165,000 new jobs were added to the economy in April. That’s nothing to write home about, you’d think. But, nevertheless, the mainstream press got excited because it was ‘better than expected.’ On top … Continue reading
