Last month, as was noted here and many other places, the national unemployment rate ‘stayed the same’ only because the workforce had shrunk due to so many people giving up on finding jobs. If a consistent workforce level had been used as the basis of the national numbers we would be closer to 11% instead […]

[Note: All graphs can be clicked to access a larger version] Of all the green-eye-shade economic statistics, nothing touches the mood of the electorate like the unemployment numbers. After 3 decades of generally improving economic conditions, which started with Ronald Reagan and his across the board tax cuts, many people have lost touch with the […]

Don’t trust statistics unless you know exactly how they were generated and what the error or uncertainty is in the number. And always question a surprise positive jump in any number when it comes from an administration in desperate need of a surprise jump in that number. Take November’s lost jobs number – it seemed […]

The November unemployment rate made a modest (and statistically insignificant) turn for the better with the claim that America only lost 11,000 jobs in November. That claim seems wildly suspect. It seems implausible that we went from losing 190,000 jobs in October to only 11,000 jobs lost in November Weekly first time jobless claims fell […]

As a corollary to my previous post I must note what will also not be addressed at the WH jobs summit today – all those fictional jobs ‘created or saved’: The Obama administration claims that its $787 billion economic stimulus program has “created or saved” 640,329 jobs across the country, with more to come. That breathtaking […]

The Obama administration is going to put on a show today for America. It is going to attempt to convince us that they are doing something about the abysmal jobs situation. It will be nothing but theatre and stage craft. Since the liberal stimulus bill was passed in February 2009, the Unemployment and Underemployment situation […]

We have sadly not hit bottom on the jobs situation. This week’s jobs numbers might seem to have some green shoots to the casual (math challenged) liberal news media reporter. But the news is indeed really bad. This week the first time jobless claims did not change – did not grow and did not shrink. […]

I don’t have the stomach to go over the whole mess again with the fake stimulus bill the liberals crammed down our throats (along with its massive debt). I’ll let others explain: Ed Morrissey notes this great news piece in San Diego with Barbara Boxer and the ONE real job created from millions of dollars […]

Ed Morrissey caught my eye with this post on October’s mind boggling deficit number: The federal government busted the budget worse than last October by $20 billion with a deficit of $176.36 billion for the month.  That used to be considered a decent deficit target … for an entire year … … It’s roughly four […]

As I noted yesterday the topic driving the electorate is the unemployment, which shot up dramatically again in October: The United States economy shed 190,000 jobs in October, and the unemployment rate reached a 26-year high of 10.2 percent, up from 9.8 percent in September, the Department of Labor said Friday in its monthly economic […]