Reasons for Suspicion
The news from the household survey of the drop in the unemployment rate to 8.6 percent is great news — if you believe it. The household survey is the more ...
The Latest Unemployment Report
The February report showed that, although the labor market is still treading water, there is room for optimism. After all, almost every industry except for construction is either adding jobs ...
The Uncertainty Factor
Liberals are trying to take a big victory lap today over the stimulus. They proudly proclaim that the stimulus created more than two million jobs. They base these findings on ...
Re: Unemployment and Underemployment
The current debate over the correct measure of unemployment is a mirror image of the debate in 2003. Back then, Republicans touted the official unemployment rate, while liberals such as ...
A Disappointing Jobs Report
This month’s jobs report has a little something for everyone. It is disappointing that this report was so much worse than last month’s. The job-market picture had been brightening until ...
The November Jobs Report: An Early Christmas Gift?
The November report was a very early Christmas gift. Job losses were only 11,000, and the unemployment rate declined. There are strong signals that job growth could turn positive very ...
Labor Under Stimulus
The October jobs report contained much bad news and a few belated treats. Employers shed 190,000 jobs and the adult male and teenage unemployment rates are now at post-Great Depression highs. The ...
Tax, Regulate, Subsidize, Repeat
The New York Times editorial board is bemoaning the grim state of the labor market. The board is specifically concerned about low-income and middle-class workers — ironically so, because, in ...
The Stimulus in Action: Unemployment Reaches 9.8 Percent
This is a very bad, troubling jobs report. While labor-market reports in the previous few months have been bad, they have also contained some positive aspects to give hope that ...