May Business Cycle Update

ADP's March Private Payroll Job Report Weaker Than Expected...

Private employers added 189,000 jobs in March, processor ADP said, the smallest gain since January 2014.

It was well below expectations of a 230,000 read and suggests some downside risk for the Labor Department's March figures, which are expected to show 247,000 jobs added in March.

Consumer Confidence Rises to Pre-Recession Highs

The USA May Be Near Full Employment?

Jobs Finally Return to Peak, But Quality Is a Far Cry from What It Was in 2008...

Good News on the Job Front...

The United States is just 120,000 jobs away from recovering all losses from the Great Recession!

Under ObamaCare, Low Wage Earners Are Losing Hours

In February, Job Growth Surprises To The Upside...

CBO Forecast: Minimum Wage Would Cost 500,000 Jobs...

The Jobless Rate is Much Worse Than It Appears...

Americans, With Fewer Prospects, Still Reluctant to Quit Their Jobs...

Did The Bush Tax Cuts Produce Jobs?...

Jobless Rate Hits 4-Year Low, But...

Unemployment is Much Higher Than It Looks...

The Bureau of Labor Statistics (BLS) puts out several "alternative" measures of unemployment. 

One of them, the so-called U6 Gauge, adds to ordinary unemployment those who are discouraged, part-time workers who want full-time jobs and those who are "marginally-attached" to the workforce.

As the chart above shows, The Real Rate of Unemployment is about 14.3% — nearly two-thirds higher than when the recession began in December 2007.

Job Gains Unsustainable If GDP Growth Stays Weak...

Jobless Rate Falls In April, Hiring Improves...

The True Unemployment Rate Is...

Unemployment Conundrum: Job Openings Are Climbing Faster Than Hiriing...

Regulatory Tsumani Suppresses Freedom, Jobs and Profit Growth...

Greece: Unemployment Soars As Jobs Disappear...