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...
View ArticleHow 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...
View ArticleUnemployment 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...
View ArticleThe 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...
View ArticleBankruptcy 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...
View ArticleUnemployment 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...
View ArticleGallup 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...
View ArticleRasmussen: 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,...
View ArticleObamateurism 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...
View ArticleJuly 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...
View ArticlePaul 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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