bureau of labor statistics

Are government unemployment numbers a “big lie”?

Summary: Today we look at an example of a recurring myth on the Right, that nothing the government does can be trusted. It’s part of their long and highly successful program to delegitimatize our government (and unions too). These are the major institutions through which we can collectively resist the power of the 1%; without …

Are government unemployment numbers a “big lie”? Read More »

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The jobs report: another opportunity to shake our confidence in the government

Summary: Today we look at lies about the jobs report from Zero Hedge. These are part of a larger campaign to destroy our confidence in the government as a means of collective action, leaving us isolated and weak. . Conservatives have long waged a campaign to weaken our confidence in unions and government, the only …

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The astonishing news about the December jobs report: it shows continued slow growth

Summary: Manufacturing is strong, household income is growing (driven by gains for the top quintile). Employment is the weak link in the recovery. The news media focuses on the monthly changes, mostly noise. Strong months confirm the narrative; excuses explain the weak months. In fact the economy’s trend remains locked near the 2% stall speed …

The astonishing news about the December jobs report: it shows continued slow growth Read More »

The October jobs report: confusing, probably showing continued steady growth

Summary: Employment is the weak link in the recovery. The news media focuses on the month-to-month changes in the jobs report, which consist mostly of noise. Strong months confirm the optimists; weak months confirm the pessimists. In fact the trend of growth remains the real story, with the US economy near stall speed (jobs and …

The October jobs report: confusing, probably showing continued steady growth Read More »

The September jobs report: more too-slow growth, no signs of the expected acceleration

Summary: Employment is the weak link in the recovery. The news media focuses on the month-to-month changes in the jobs report, which consist mostly of noise. Strong months confirm the optimists; weak months confirm the pessimists. In fact the trend of growth remains the real story, with the US economy near stall speed (jobs and …

The September jobs report: more too-slow growth, no signs of the expected acceleration Read More »