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Ghost Towns: 25 million more suburban homes by 2030 than are needed.

Editor’s Note: Put simply this crisis will still be ongoing in 20 years. When you add the student loans that were securitized and which were “non-dischargable” in bankruptcy because of the government...

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How many jobs were added for August?

Hint: It’s a nice round number Early projections for the August jobs report weren’t looking very good. Some of the estimates were putting the number around 80,000 which would have been far short of...

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Unemployment edges to 9.0%, 80K jobs added

Weak. Unemployment dropped a tenth of a point in October but the number of jobs added provided less than needed for population growth, according to the latest report from the BLS: Nonfarm payroll...

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The return of the 400K myth

Initial jobless claims back to Q1 levels. There seems to be no more fertile area for statistical misinterpretation than with unemployment numbers.  We saw this last week with the monthly jobless...

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Bankruptcy Filings Drop for 13th Consecutive Month

On a year-over-year basis, the U.S. bankruptcy filing rate dropped for the 13th consecutive month in November. According to statistics from Epiq Systems, Inc., the November daily bankruptcy filing...

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Unemployment edges down to 8.5%, 200K jobs added

Good start. The US economy got off to a good start in 2012, thanks to a December increase in hiring that exceeded population growth in working-age adults, even after seasonal adjustments.  According...

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Gallup poll suggests spike in unemployment for February

And underemployment as well. Barack Obama has had some good news on the employment front the last couple of months.  Net job creation has outpaced population growth, although not nearly enough to make...

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Rasmussen: Dems least likely to know spending has risen over last ten years

Majority want spending indexed to population growth. We see enough surveys that claim conservatives are either less intelligent or poorly informed, so why not take a look at the reverse?  Actually,...

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Obamateurism of the Day

Step by step. Analysts universally panned the jobs report on Friday, which showed a growth of only 80,000 jobs — slightly more than half of what’s needed just to keep up with population growth. It was...

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July jobs report: 163K jobs added, 8.3% jobless rate

Boost? The Bureau of Labor Statistics gave some mildly good news for the first time in four months.  The US economy added 163,000 jobs, slightly outpacing population growth, while the jobless rate...

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Paul Ryan’s Bullshit About Bankruptcy Data

The philosopher Harry Frankfurt famously published his book, On Bullshit, where he distinguished lying (intentional disregard of truth) from bullshit (apathy as to the truth). Frankfurt argued that...

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