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A Major Long-Term Change In The Labor Market Is Bad News For The US Economy

The US just isn't as dynamic as it used to be, and we need to start thinking hard about how that affects the economy. That's the conclusion from Steven Davis and John Haltiwanger, two National Bureau of Economic Research economists (Davis is at U Chicago and Haltiwanger at the University of Maryland). Show More Summary

Wisconsin Added the Most Manufacturing Jobs in October

The Bureau of Labor Statistics said that Wisconsin created the most net new manufacturing workers in October, hiring 5,400 additionalRead the Rest...

Consumer Prices Were Unchanged in October

The Bureau of Labor Statistics said that consumer prices were unchanged in October. Over the past 12 months, consumer inflationRead the Rest...

CPI unchanged in October; Weekly Initial Unemployment Claims at 291,000

From the Bureau of Labor Statistics (BLS): Consumer Price Index - October 2014The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Show More Summary

Producer Prices for Final Demand Goods Declined for the Fourth Straight Month

The Bureau of Labor Statistics (BLS) said that producer prices for final demand goods and services rose 0.2 percent inRead the Rest...

Government's Data Collection Change Will 'Solve' the Law School Crisis

Matt Leichter, How the Transparency Movement Reinflated the Law School Bubble: [T]he Bureau of Labor Statistics is changing its employment projections methodology, specifically its measure of how many workers will be replaced in occupations in its 10-year projection periods—as opposed to the number of positions that the economy will create....

Manufacturers Hired at the Fastest Pace in Nearly Four Years in September

The Bureau of Labor Statistics said that manufacturers hired 280,000 workers in September, a sharp uptick after the soft 236,000Read the Rest...

BLS: Jobs Openings at 4.7 million in September, Up 20% Year-over-year

From the BLS: Job Openings and Labor Turnover Summary There were 4.7 million job openings on the last business day of September, little changed from 4.9 million in August, the U.S. Bureau of Labor Statistics reported today.......Quits are generally voluntary separations initiated by the employee. Show More Summary

Here Comes JOLTS... (DIA, SPY, QQQ, IWM, TLT)

The latest Job Openings and Labor Turnover Survey, or JOLTS report, from the Bureau of Labor Statistics is set for release at the top of the hour. Expectations are for the report to show job openings fell slightly in September, to 4,800,000...Show More Summary

Jobs Report: Under The Sunny Headline, Deep Roots Of Discontent

The latest jobs report from the Bureau of Labor Statistics confirms what voters felt when they went to the polls Tuesday: Job growth continues slowly but inadequately, built on a weak foundation of weak wage growth and low labor force participation. There were 214,000 new jobs created in October, the report said, with the unemployment […]

Youngest veterans struggle most with unemployment, data shows

Tuesday is Veterans Day, and the Bureau of Labor Statistics recently released its October jobs numbers. With that in mind, let’s take a look at how veterans have fared in terms of unemployment lately. The overall U.S. jobless rate dropped to 5.8 percent last month, reaching its lowest level in six years. Show More Summary

How to read a jobs report

On the first Friday of every month, the country's financial elite wake up early and breathlessly await the federal Bureau of Labor Statistics' monthly Employment Situation Summary-or, as you probably know it, the jobs report. "It's the...Show More Summary

BLSOD

Friday gave us a rare glimpse inside one of the Bureau of Labor Statistics Jobs Centers (courtesy of CNBC)... Perhaps, as the following screengrab indicates, this is why the American unemployed's "re-training" is not preparing them for life in the new economy? In the new normal, the ubiquitous BSOD is officially to be renamed the BLSOD... Show More Summary

Economist on the Jobs Report: ‘These Numbers Will Be Revised Up’

An unusually large seasonal adjustment by the Bureau of Labor Statistics has led some economists to argue that the unexpectedly small 214,000 October increase in nonfarm payrolls may be significantly understating the underlying trend in jobs growth.

Don’t Be Fooled By the October Unemployment Numbers

2 weeks agoNews : Truthdig

Photo by woodleywonderworks (CC BY 2.0) Despite 9 million Americans remaining out of work, economists hailed the drop of the U.S. unemployment rate to its lowest level since 2008 on Friday. The Bureau of Labor Statistics reported that the unemployment rate fell to 5.8 percent after employers added 214,000 jobs in October. Show More Summary

The Case Against "Jobs Day"

I find myself increasingly puzzled by the monthly ritual of wall-to-wall reporting on “jobs day.” The first Friday of every month, the Bureau of Labor Statistics releases a report on the employment situation in the country. While I appreciate...Show More Summary

Unemployment rate drops

By CELINA GORE Talk Radio News Service WASHINGTON – The U.S. unemployment rate declined to 5.8% in October, the lowest in six years, the U.S. Bureau of Labor Statistics announced Friday. The Labor Department reported that 214,000 jobs were added to the economy last month, which is consistent with the average gain of 222,000 jobs […]

If You Look At It This Way, The Jobs Report Totally Crushed Expectations

US companies added 214,000 payroll in October. This was a bit lighter than the 235,000 expected by economists. However, keep in mind that the 214,000 is the Bureau of Labor Statistics' seasonally adjusted number. In other words, it is...Show More Summary

Government reports the economy added 214,000 jobs in October. Official jobless rate fell to 5.8%

The Bureau of Labor Statistics reported Friday that the economy created 209,000 new private-sector jobs last month, plus another 5,000 in the public sector. That made Ocrtober the eighth month of 2014 that more than 200,000 new jobs were added. The so-called unemployment rate, which the BLS calls U3, fell to 5.8 percent, the lowest since July 2008. Show More Summary

Manufacturers Added 15,000 Workers in October

The Bureau of Labor Statistics said that manufacturers added 15,000 net new workers in October, an improvement after softer dataRead the Rest...

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