Government employment versus population of the United States.
Looking at raw numbers doesn’t usually do justice to a cause. With the recent 2010 Census, it is helpful to look at population versus the percent of people working for a certain sector. There has been a lot of ire thrown against the government and how large it has gotten. But we also have 308 [...]
Unemployment Going Down yet Unemployment Insurance Payouts at Record High in March 2010? The Misleading Government Metrics of Unemployment Insurance. Extended Benefits Highlight a Shadow Market of Unemployed.
In March the Treasury reported a record amount of unemployment insurance being paid out. $15.4 billion was paid out yet claims have been falling since June of 2009. What gives? Well a large number of people are being shifted into EUC programs that are extended versions of unemployment insurance yet this data isn’t reported when [...]
Hourly Wages Down for the Month – Are Lower Paying Jobs with no Benefits the new Trend for Americans? 22 More Months like March and We’ll be Back to December of 2007.
For 26 long and arduous months the U.S. economy has been cutting jobs and setting up a situation where Americans had less and less money. This is problematic for an economy where such a large part of GDP growth comes from consumption. Yet on Friday we were notified that 162,000 jobs were added in the [...]