Tag Archives: labor department
The Metamorphosis of Jon Corzine
The economy gained 120,000 jobs in November, said the Labor Department last Friday. The jobs number included 140,000 new private sector jobs and a loss of 20,000 public sector jobs. More importantly, the unemployment rate fell to 8.6 percent – … Continue reading
Smiling with Gratitude
The Commerce Department reported Tuesday that the economy grew at an annual rate of 2 percent in the third quarter…a downward revision from the initial 2.5 percent estimate made last month. More importantly, it was reported that after-tax, inflation-adjusted incomes … Continue reading
Congressional Super Committee Farce
Shortly after the opening bell on Wednesday, the price of oil topped $100 per barrel…a 26 percent increase in less than two months. What gives? The Associated Press tells us it was the Labor Department’s Wednesday report, that consumer prices … Continue reading
A Telling Sign of Things to Come
The Labor Department reported last Friday that 103,000 jobs were added in September. Considering the lethargic state of the economy, this number could have been much worse. Nonetheless, a quick scratch below the surface reveals the headline jobs number wasn’t … Continue reading
