#rsrh BLS report out… wait, what?
Is this some sort of sick joke? Nonfarm payroll employment was unchanged (0) in August, and the unemployment rate held at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. At this rate, the Department of Labor will be rickrolling us by October. Moe Lane PS: This situation went from ‘tragedy’ to ‘farce’ some time ago, you know. Unless you’re one of these statistics: | Read More »
What the BLS survey modification will and will not do.
You may have heard that the Bureau of Labor Statistics (BLS) has modified its survey of unemployment. There is probably going to be a good deal of confusion over what’s being changed, so let me summarize the situation. Official unemployment numbers are derived from the Current Population Survey (CPS), which surveys American households every month in order to gather various statistical data. The potential confusion | Read More »
June BLS: Job recovery stalled out.
UNEXPECTEDLY! Total nonfarm payroll employment declined by 125,000 in June, and the unemployment rate edged down to 9.5 percent, the U.S. Bureau of Labor Statistics reported today. The decline in payroll employment reflected a decrease (-225,000) in the number of temporary employees working on Census 2010. Private-sector payroll employment edged up by 83,000. Note, of course, that May’s job report was equally stalled-out; the 431,000 | Read More »