With the election season in full swing, dominating the airwaves, Internet and print media, you may have missed some of the other news from the past week. Here are a…
Unemployment Drops … Just In Time for the Election!
The unemployment rate has finally dropped below 8% to 7.8%! Or has it? Really? The latest numbers are a head scratcher. The Bureau of Labor Statistics (that’s BLS, not BS)…
Going For Broke
So The Fed is “all in.” QE3, the third round of quantitative easting, will continue until the unemployment rate drops to an acceptable level. The implication is that buying bonds…
When a Lower Unemployment Rate Is Bad News
Want to reduce the unemployment rate? Stop looking for a job. More than 300,000 workers dropped out of the labor force in August, while employers added just 96,000 positions. In…
A Step in the Right Direction?
An unemployment rate above 8% is no longer news – it’s been above 8% for 41 months, which is the longest streak since the Great Depression. However, during the Clinton…