by Dan Mitchell | Jan 19, 2014 | Blogs, Economics
According to the most recent numbers from the Bureau of Labor Statistics, the unemployment rate has dropped to 6.7 percent. Is this good news? Well, it’s depends on your benchmark. Compared to France’s anemic economyand double-digit levels of unemployment, America is...
by Dan Mitchell | Jan 10, 2014 | Blogs, Economic Growth, Economics
Washington is in the middle of another debate about redistributing money. But that’s hardly newsworthy. Politics, after all, is basically a never-ending racket in which insiders buy votes and accumulate power with other people’s money. The current debate about...
by Dan Mitchell | Nov 17, 2013 | Blogs, Economics
President Obama has presided over a terrible jobs market. Unemployment is more than two-percentage points higher today than the White House claimed it would be if the so-called stimulus was enacted. Even more worrisome, the employment-population ratio seems to have...
by Dan Mitchell | Nov 8, 2013 | Blogs, Economics
The Department of Labor has issued its monthly employment report and the item that will attract the most attention is that the unemployment rate marginally increased to 7.3 percent. That number is worthy of some attention, but I think it distracts attention from a far...
by Dan Mitchell | Nov 6, 2013 | Blogs, Economics
Perhaps because he wants to divert attention from the slow-motion train wreck of Obamacare, the President is signaling that he will renew his efforts to throw more people into the unemployment line. Needless to say, that’s not how the White House would describe the...
