Posted by Warm Southern Breeze on Sunday, June 8, 2014
This will be of interest to the curious, especially those who seek and search for the truth.
Asserting to cite data from the Bureau of Labor Statistics (BLS), CNS News recently reported that the Labor Force participation rate was at a 36-year low.
The headline to that story reads:
37.2%: Percentage Not in Labor Force Remains at 36-Year High
Upon examination of the BLS website, the data was found to be honest and accurate.
Information on the data set presented is:
Data extracted on: June 8, 2014 (4:07:31 PM)
Labor Force Statistics from the Current Population Survey
Series ID: LNS11300000
Series title: (Seas) Labor Force Participation Rate
Labor force status: Civilian labor force participation rate
Type of data: Percent or rate
Age: 16 years and over
Following is the chart as shown on the BLS website:
If the information is accurate – that is, if it accurately represents the thing it purports to represent – then there is a genuine cause for concern, perhaps even alarm. But first, sometimes, information has to pass the “smell test.” If it just doesn’t sound right, dig a little deeper.
However, there is a DEFINITE skew which, when considered, renders the interpretation of the findings questionable, at best.
Since there are TWO separate entities reporting the SAME information, how could it possibly be inaccurate, or incorrect?
Let’s consider further, to determine if such alarm might be genuinely warranted.
Searching for Labor Force Participation Rate datasets from Read the rest of this entry »
Posted in - Business... None of yours, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: Australian Labor Party, BLS, Bureau of Labor Statistics, CNS News, Current Population Survey, Cybercast News Service, data, economics, economy, employment, facts, Federal Reserve, Federal Reserve Economic Data, Federal Reserve System, FRED, industry, jobs, L Brent Bozell III, Labor force, May 2014, news, Seasonal adjustment, spin, statistics, United States | Leave a Comment »
Posted by Warm Southern Breeze on Sunday, January 13, 2013
The Employment Situation in December
January 04, 2013
09:30 AM ES
While more work remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression. It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007.
With the passage of the American Taxpayer Relief Act earlier this week, more than 98 percent of Americans and 97 percent of small businesses now have certainty that their income taxes will not rise. Additionally, unemployment insurance was extended for two million Americans who are searching for a job, and companies will continue to receive tax credits for the research that they do and continue to have tax incentives to accelerate investment in their businesses. By allowing income tax cuts for the top two percent of earners to expire, this legislation further reduces the deficit by $737 billion over the next decade. It is important that we continue to move toward a sustainable federal budget in a responsible way that balances revenue and spending while protecting critical investments in the economy and essential support for our most vulnerable citizens.
Today’s report from the Bureau of Labor Statistics (BLS) shows that private sector businesses added Read the rest of this entry »
Posted in - Business... None of yours, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: Alan B. Krueger, American Taxpayer Relief Act, Bureau of Labor Statistics, December, economy, Economy of the United States, employment, entrepreneurship, Great Depression II, Great Recession, income, jobs, Labor force, politics, private enterprise, report, taxes, United States | Leave a Comment »
Posted by Warm Southern Breeze on Saturday, March 10, 2012
Recently, the Obama administration has justifiably trumpeted news from the Department of Labor Statistics that hiring hiring by the private sector has increased significantly, and added 227,000 jobs in February while the national unemployment rate remained at 8.3 percent.
With 233,000 jobs added by private businesses, this marks the 24th consecutive month of private sector job growth. http://www.bls.gov/news.release/empsit.nr0.htm
This is good news for everyone, especially individuals, private households, the economy at large, small businesses, including Read the rest of this entry »
Posted in - Even MORE Uncategorized!, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: BarackObama, BLS, Bureau of Labor Statistics, Discouraged worker, employment, February, Labor force, Obama administration, Private sector, report, unemployment, United States, United States Department of Labor | Leave a Comment »