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Blog

Sorry, Bernie Sanders, FDR's New Deal Actually Prolonged the Great Depression

Senator Bernie Sanders (I-Vt.) gave a highly anticipated speech at Georgetown University on Thursday, where he extolled socialism. The Democratic presidential candidate, whose proposed an estimated $18 trillion in new spending over the next decade, invoked President Franklin D. Roosevelt and the New Deal in his effort to sell his message to college students.

11/20/2015
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Blog

Jobs Report Reveals More Americans Out of Work

The jobs report, released the first Friday of every month by the Bureau of Labor Statistics, is one of the most closely watched indicators of how the economy is doing. The report collects a wide variety of statistics on employment and labor utilization, in an attempt to paint an overall picture of the American labor market. Over the few months, the Obama administration has been pleased with the numbers, with the official unemployment rate ticking down consistently, albeit at a glacial pace.

10/05/2015
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Blog

Government Statistics Paint a False Picture of Recovery

Are you feeling the recovery yet? You should be, at least according to the president. In his State of the Union address, he said that the economy had “turned the page” and that “the shadow of crisis has passed.” Official government statistics put the unemployment rate at just 5.6 percent, there is no inflation, and GDP growth in the third quarter of 2014 was a booming 5 percent. Never mind that fourth quarter growth was half that, and the economy actually shrank in the first quarter - cherry picking is only bad when other people do it - just keep your eye on the shiny golden 5!

02/04/2015
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Blog

20 States Raise Minimum Wage; Pain for the Poor and Young to Follow

“[T]here's a virtual consensus among economists that the minimum wage is an idea whose time has passed. Raising the minimum wage by a substantial amount would price working poor people out of the job market.”

01/14/2015
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Blog

What the "Official" Jobs Numbers Aren't Telling You

Early this month, the Pew Research Center released its News IQ Quiz, in order to survey the general public’s level of knowledge about current events. This provided no end of fun for commentators, gleefully mocking the average American’s ignorance, as if knowing the minimum wage or the Chair of the Federal Reserve has any relevance to most people’s lives, when many are still struggling to find jobs and feed their families.

10/13/2014
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Blog Hit

Black Americans Continue to Face Double Digit Unemployment

The August jobs report brought surprisingly bad news for job seekers and the U.S. economy.

09/08/2014
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Press Release

Hundreds to Attend FreedomWorks’ Minority Outreach Panel in Chicago

A candid discussion on how individuals can empower local communities towards real progress without government

06/06/2014
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Blog

Hidden Story Behind Unemployment Rates

On Friday, May 2, the White House was happy to announce the lowest US unemployment rate since September 2008. As reported by the Bureau of Labor Statistics, with 288,000 nonfarm jobs added to the economy, the unemployment rate dropped from 6.7% to 6.3% in April 2014.

05/06/2014
The Unemployment Rate: Obama's Inadvertent "Mission Accomplished" Moment
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Blog

The Unemployment Rate: Obama's Inadvertent "Mission Accomplished" Moment

This morning the Bureau of Labor Statistics (BLS), an office within the Department of Labor, announced the unemployment rate for November 2013. As currently calculated, the unemployment rate has indeed fallen to 7.0 percent. The problem is that since the national economy has deteriorated to such a severe degree over the past half-decade the BLS calculations have become a wildly inaccurate way to gauge the health of the broader economy.

12/06/2013
The Down and Dirty of June's Jobs Report
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Blog

The Down and Dirty of June's Jobs Report

At first glance June's jobs report from the Department of Labor sounds pretty good: the economy added 195,000 jobs in the month and the unemployment rate stayed steady at 7.6-percent. See, that doesn't sound so bad, and the White House was quick to tell the country how fantastic those 195,000 jobs are, but the real story isn't so rosy.

07/10/2013

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