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Artices Tagged ‘bls’

Worst Month Since December 1974

by Elaine Rigoli December 5th, 2008
tags:

Oh, what a month! The U.S. lost 533,000 jobs in November, the highest rate in 34 years (since 1974). This moves the nation’s unemployment rate to 6.7%; it was 6.5% in October. According to fresh Labor Department data, economists had actually predicted a 6.8% unemployment rate for November — yet they only predicted that 320,000 jobs [...]

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Healthcare Hot Amid Recession Rot

by Elaine Rigoli November 7th, 2008
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Friday’s Bureau of Labor Statistics monthly jobs report shows pockets of good news nestled in with the bad. But how much can we rely on the BLS Report, when they even admit to sharply revised jobless figures? Remember September’s preliminary estimate of 159,000 jobs lost? Ooops! BLS now says it’s closer to 284,000 workers facing unemployment [...]

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