As the Obama-Reid-Pelosi economic policies hit their stride the horrid results are coming in: The U.S. economy grew more sluggish than initially estimated in the second quarter, and corporate profits nearly dried up, further evidence that the recovery is losing steam. Gross domestic product, the value of all goods and services produced, rose at an […]

The ‘surprise’ news out today that the unemployment picture is heading south again is not really a surprise to anyone who is not deluded by liberal spin. Many of  us knew over a year ago the liberal stimulus bill could never stimulate job growth as structured. We also knew the census and summer jobs bubble […]

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 […]

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 […]