The grim facts behind the great employment numbers
Look behind the unemployment numbers at the disturbing truth about the most important market in America – the market for labor.
economic statistics
See the mystery of US GDP, and understand ourselves better
Summary: It’s the simple things that provide a mirror in which we can see ourselves, and the roots of America’s problems. Such as this graph showing estimates of US GDP for Q1 2015 — getting more accurate with each revision. This graph shows estimates of GDP for Q1 2015 made by the Bureau of Economic …
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To understand the jobs report, see the state of the economy
Summary: The economy is slowing — slowly. September’s weak employment growth fits in this picture. To see how, look at the current state of the economy — the essential context necessary to make sense of the jobs number. Equally important, this also shows why we are so poorly informed about the economy. For the scoop …
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What you haven’t been told about the July jobs report
Summary:Â Another jobs report, more clickbait headlines about the monthly noise. Here’s a look beneath the glitz to the important news. The US economy continues slow steady growth, with continued signs of slowing. Also, 47% of new jobs went to foreign-born workers during the past year. Important matters. Too bad neither the candidates, journalists, or …
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May’s job report shows the beginning of the end for the recovery
Summary: First, the good news: the May number was awful but probably noise. Then the bad news: job growth is slowing fast. It’s the among last economic metrics to roll over, suggesting that we’re sliding to a recession somewhere ahead of us. But the US is not a “Starbucks Economy”; real wage growth is normal. …
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