Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for Unemployment Rate

Government Must Lie

Bill Bonner, as usual, provides an interesting perspective on the news. Here is his take on government employment reporting: … if they reported the unemployment rate today the same way they did during the Great Depression, unemployment would be at 22% — only slightly below the level of the ’30s. The Federal Government is responsible [...]

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The Notion of A “Recovery” is Nonsense

recession31888

The jobless recovery is even worse than many think. Jobs not only are not being created, they are being destroyed for the first time in modern history. In every other recovery, the work force grew except for this one. Perhaps it is not a recovery? Perhaps it is the expansion of payments to non-workers? The [...]

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Europe as Preview of US

armageddonpolitical

Spain’s unemployment rate is 21%. Protests are beginning to appear in the streets. Without the economy or resources to placate these people, things will not end well. The situation is little different in this country, although demonstrations have not begun yet. Our unemployment rate, unofficially, is close to Spain’s. Amongst the work-age youth (under 25), [...]

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Labor Report Not a Confidence-builder

Another analyst unimpressed with the labor report is Michael Panzer of Financial Armageddon: Only Minor Details by Michael Panzner According to Reuters, today’s employment data confirms that happy days are here again: “Payrolls Up 192,000, Near Estimates; Rate Falls to 8.9%” U.S. employers hired more workers in February than in any month since May last year and [...]

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The Unemployment Situation

For anyone suffering under the delusion that the employment situation improved with last week’s employment report, the following chart should disabuse you: The red line shows the anomaly of unemployment dropping to 9.0% while the other two measures got worse. All that is happening is more people are becoming discouraged and dropping out of the [...]

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