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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
Digging Deeper on Unemployment: It’s Worse Than You Think
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Blog

Digging Deeper on Unemployment: It’s Worse Than You Think

With the whirlwind of scandal currently buffeting the Obama Administration, domestic attention has shifted away from economic performance. Be assured, the economic picture is as bleak as ever. Economic indicators like GDP tend to be measures of monetary flow, not economic well-being per se; in fact, GDP is boosted every time there is a tragic natural disaster, and those aren’t good for anyone!

05/29/2013
President Obama’s Budget: Hardly a “Grand Bargain”
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Blog

President Obama’s Budget: Hardly a “Grand Bargain”

Like malfunctioning clockwork, President Barack Obama's new budget proposal has arrived (a little late) to provide us all with some comic relief. Aptly referred to as a "fantasyland" by POLITICO's David Nather, President Obama's budget hikes taxes, expands federal interference in education, increases the minimum wage, and bails out another federal agency. Sound appealing?

04/14/2013
Fallacy Friday: The Unemployment Rate
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Blog

Fallacy Friday: The Unemployment Rate

Fallacy Friday: The Unemployment RateThe last Fallacy Friday focused on the improper logic and economics surrounding the minimum wage. This week, let’s take a look at a fallacy of deception: the deceptiveness of the current unemployment rate.

04/05/2013
They Took Our Jobs!!!
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Issue Analysis

They Took Our Jobs!!!

“They took our jobs!!!”  This is the mantra that the creators of South Park have so endearingly given to middle class America.  However, despite their malicious intent, they may have stumbled across something.  Today, the Bureau of Labor Statistics released the new economic data for the month of June and the http://www.bloomberg.com/news/2011-07-08/u-s-payroll

07/08/2011
Quoth the Keynesians "Nevermore"
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Issue Analysis

Quoth the Keynesians "Nevermore"

         Many can recall the short story The Masque of the Red Death by Edgar Allen Poe, in which Prince Prospero attempts to avoid the plague that is ravaging the country side by barricading himself and a number of his closest friends in his abbey.  However, despite Prince Prospero’s best efforts he and his friends all fall victim to the plague. 

06/03/2011
October Stimulus Trick, not Treat: Unemployment up to 10.2 Percent
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Blog

October Stimulus Trick, not Treat: Unemployment up to 10.2 Percent

This morning, November 6th, 2009, the American people received a late Halloween trick from the Bureau of Labor Statistics (BLS) as they released unemployment numbers for the month of October.

11/06/2009