Labor Participation Rate Sinks to 36-Year Low

The last time it was this low was under Carter in March of ’78. But headlines attempt to tell a different story. The Associated Press ran a piece entitled “American Economy Bounces Back from Brutal Winter.” In it, they touted the official unemployment numbers, which have magically fallen, despite there being fewer people in the labor force. But even they had to admit that it was just a silly numbers game, and that people shouldn’t be so naïve as to get their hopes up about the economy. Read more […]

Obama Wages War On Women

There’s absolutely nothing wrong with women not wanting to work outside the home. Most of the women that I’ve known have been stay-at-home moms, including my wife. It’s a job that most men could not handle. Of course, not all women are mothers or wives, so it’s understandable that they would want to seek employment. And there are cases where a single mother has little choice but to get a job in order to make ends meet for her family. Having said that, I am generally ambivalent towards Read more […]

New Jobless Claims: Why Economic Indicators Exist To Keep You Blind

So Bloomberg is reporting “good news”: “First-time jobless claims unexpectedly fell by 7,000 to 340,000 in the week ended March 2, the lowest since the period ended Jan. 19, according to data today from the Labor Department in Washington. The median forecast of 50 economists surveyed by Bloomberg called for an increase to 355,000. The four-week average dropped to a five-year low. Companies are easing up on dismissals as purchases of equipment climb and households maintain spending in the face Read more […]

Will Obama’s Post-Sandy Bump Be Negated by Unemployment Numbers?

There are now only three more days until we get to vote for who we want to lead the country for the next four years, and I have lost the confidence I held a week ago; I have gone from being 75 percent certain of a Romney victory to a roughly 60 percent certainty. Before Hurricane Sandy, whom I’m beginning to suspect was a Democrat, Mitt Romney enjoyed a one-point lead in the national polls as averaged by Real Clear Politics, my go-to source for polling. In the days right before Sandy made landfall, Read more […]