The official unemployment rate has been dropping, but as Federal Reserve Chair Janet Yellen conceded Tuesday, the national economic state is less rosy than these numbers suggest.
The Bureau of Labor Statistics released their report on the employment situation in April today, and it's largely good news: 288,000 jobs were added, the best month for jobs in the last two years, and the unemployment rate dropped from 6.7% to 6.3%.
Young adults who have obtained a bachelor's degree are more likely than their less-educated peers to get married, the Bureau of Labor Statistics found.
Last Friday’s jobs report was dismal. The labor force participation rate, that is, the percentage of the total population that is either working or actively seeking employment, dropped to 63.3%. That’s the lowest rate since May of 1979.
A couple weeks ago, this column analyzed the inflation rate reported by the Bureau of Labor Statistics (BLS), and concluded that you should rely on your common sense when the government reports questionable statistics.
I just got back from Edmonton, Alberta (that's in Canada for those who are geographically challenged) doing our famous He-Said-She-Said act with Donna Brazile. We were speaking to western state (in the U.S.) and western provincial (in Canada) legislators.
President Obama's attempt to spin the latest discouraging unemployment numbers as "a step in the right direction" is like telling passengers aboard the Titanic to ignore the sinking vessel and listen to the live music.
If you are closely following the 2012 presidential race, you have to track the state by state jobless numbers, because they will decide who wins.
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