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Jack Welch: ‘I Wasn’t Kidding’
Keywords:
Tags: Current Focus, United States,
Jack Welch, former head of GE (General), says there is something that does not add up in the Labor Dept numbers for unemployment in Sept. 2012 showing that the unemployment rate declined from 8.1% to 7.8%, because experts estimate the economy has to generate more than 150,000 jobs each month just to keep up with population growth. The number of jobs generated for 2012 are lower than this number. Another measure of unemployment which shows the underutilization of labor in America, which the U.S. Federal Reserve's Bernanke looks at because it is ameasure of how effectively the U.S. is using the productive resources of the country, is U-6. U-6 covers people in parttime jobs who cannot find full time jobs and this has remained unchanged at 14.7% for Sept. 2012 according to the Labor Department.
Election campaigns and the Labor Department's Bureau of Labor Statistics unemployment numbers for September 2012
10/05/2012
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A part-timer boom, or blip? - The Washington Post
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Explaining the Big Gain in Job Getters
New York Times 10/05/2012
Jack Welch: ‘I Wasn’t Kidding’
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Jack Welch: I Was Right About That Strange Jobs Report
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America added 255,000 jobs in July, but unemployment rate unchanged
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Unemployment in the U.S. for 3rd quarter 2012
05/05/2012
Grouped Articles
The incredible shrinking labor force - The Washington Post
Washington Post 05/05/2012
U.S. added 80K jobs in June as economy struggles - The Washington Post
Washington Post 07/06/2012
Wall Street Journal 08/03/2012
Number of the Week: Did U.S. Actually Shed 195,000 Jobs in July?
Wall Street Journal 08/04/2012
The Noise on Jobs Keeps Fed Guessing
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Hiring Picks Up in July, but Data Gives No Clear Signal
New York Times 08/03/2012
The complex picture presented by the surveys of the Bureau of Labor Statistics on unemployment and making sense of what they mean
01/07/2012
The Department of Labor's Bureau of Labor Statistics has two surveys the payroll survey of 400,000 establishements is the emplyer survey and gives the number of jobs added in nonfarm payrolls. The other survey is the Household survey which is based on 600,000 households and gives the unemployment rate. The number of jobs added in the employer survey of payrolls is revised sometimes by hundreds of thousands. The unemployment rate is based on the number of people looking for jobs. If people are discouraged and stop looking the unemployment rate may look better, and conversely if people feel encouraged and start looking the rate can be worse. The unemployment rate can also look better even when jobs are coming in at less than the 125,000 jobs a month that account for population growth to keep the unemployment rate stable.
Grouped Articles
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
Job Numbers Mask Complex Picture
Wall Street Journal 01/07/2012
The Hiring Hare Will Soon Morph Into a Tortoise
Wall Street Journal 02/03/2012
Jobs Data Show Sustained Growth
Wall Street Journal 02/03/2012
Depsite the latest jobs report, we’re still losing the unemployment war - The Washington Post
Washington Post 02/04/2012
Wonkbook: Don’t read too much into the May jobs numbers - The Washington Post
Washington Post 06/04/2012
Policy errors and lack of focus on unemployment and the economy of the Obama administration
04/04/2009
The focus on health care reform comes at the wrong time when when the U.S. economy and high unemployment were priorities that needed attention, say experts. Feldstein points elsewhere to the lack of attention to the housing crisis and reducing foreclosures through homeowner assistance. These errors of the Obama administration increased business uncertainty in the U.S. just as the eurozone crisis worsened.
Grouped Articles
Washington Post 09/06/2011
Stimulus and the Depression: The Untold Story
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Geithner's Bank Plan Is a Good Start
Wall Street Journal 04/04/2009
Uncertainty and the Slow Recovery
Wall Street Journal 01/04/2010
Roseland, Where Obama the Politician Was Born
New York Times 08/15/2012
Washington Post 08/17/2012
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