Meet the NEETs, the under-25s who don’t work but who also aren’t receiving professional training and are no longer in school
Jobs
The U.S. Economy Adds 171,000 Jobs in October, but Challenges Remain
Here it is, folks: The final jobs report before the 2012 Presidential Election. The Labor Department announced this morning that the U.S. economy added 171,000 jobs in October, and that the unemployment rate ticked up one-tenth …
Are We Getting the Economic Recovery We Deserve?
During this presidential election cycle, economics and politics are inseparable. The fundamental question voters will have to decide upon when making their choice for President in a few short weeks is whether they believe that …
The Unemployment Report Wasn’t Rigged, but It’s Not Accurate, Either
On Oct. 5, the Bureau of Labor Statistics announced that the official unemployment rate had dropped from 8.1% to 7.8% — a surprisingly sharp decline given the slow pace of growth in the U.S. economy. The reaction from many on …
Romney’s Dismaying Attack on Garage-Based Businesses
The most infuriating moment of the first presidential debate between Mitt Romney and President Obama hasn’t gotten the attention it deserves.
That moment was when Governor Romney, the Republican, in response to a question …
Is the Obama Administration Juicing the Unemployment Stats?
The Government releases countless statistics each year, but few get more attention from the press than the official unemployment rate, which is updated and released once per month by the Bureau of Labor Statistics (BLS). …
What Are the Jobs Figures Really Telling Us?
Has anything really changed in the labor market? That’s the question I’ve been asking myself since last Friday’s jobs figures, the most positive in three and a half years, came out. Unemployment is finally below 8%, and …
Unemployment Rate Drops to 7.8% But Path to Recovery is Murkier
With the first presidential debate behind us, and the election just a month away, we have come upon that magical time of the year when the media filters each new datum through the lens of the election horse race. And so goes the …
Labor Department Finds U.S. Economy 386,000 Jobs Stronger
The Labor Department is constantly refining its estimation of the U.S. Labor Market as new data comes in. Each month, when it releases its employment situation report, it also issues revisions of the previous two months’ jobs …
Clinton Global Initiative: Can Companies Be Good and Do Well?
When it comes to determining the best approaches to solving the world’s economic and social ills, rational people can, and do, disagree. But there’s one point on which something approaching unanimity has emerged: That private …
Ben Bernanke’s Heavy Artillery: Will Open-Ended Bond Buying Drive Down Unemployment?
Ben Bernanke and made an open-ended commitment yesterday to purchase mortgage-backed securities at a rate of $40 billion per month, aiming to inflate asset prices and pump fresh credit into the economy. The move answers critics …
Will the Stock Market Keep On Rising?
The forces that have boosted the prices of blue-chip stocks over the past year are diminishing, while other factors have become increasingly uncertain.