Update: Hot Air notes someone else did another calculation – 11% – end update One thing this recession has taught a lot of us is the fact that some federal statistics simply suck. Take the unemployment rate. People honestly think this is the number of people who want a job and don’t have one. But […]

Major Update – Missed this key report: The labor force — those who have a job or are looking for one — is getting smaller, even though the economy is growing and steadily adding jobs. … By the government’s definition, if you quit looking, you’re no longer counted as unemployed. And you’re no longer part […]

I am not really sure what ‘hinky’ means, but I do know this week’s first time unemployment claims are not something to put a lot of hope into. It seems much of the data was estimated by bureaucrats. Next week’s numbers will be more solid, but will also cover a short week due to labor […]

The Democrats are all out of silly propaganda gimmicks to hide the utter failure of their socialist economic theories. The unemployment picture looks to be getting even worse as summer jobs shut down and jobless claims begin to climb again: In the week ending Aug. 7, the advance figure for seasonally adjusted initial claims was […]