Economic Data

11 Reasons Why Everyone Wants to Move to Texas

The Lone Star State is home to 26.9 million residents – as well as low unemployment rates, barrelsful of crude oil, and a bustling tech sector.

Those are just a few reasons why so many people want to move to Texas.

Here are nine more...

Economic Data

How the BLS Fudges Jobs Report Numbers with Seasonal Adjustments

Jobs report data, like July's, is known to include seasonally adjusted numbers.

But there's a big problem with the way the Bureau of Labor Statistics calculates these adjustments...

Economic Data

2015 Job Layoffs Up 31% Year Over Year in August

Job layoffs in August were a notable improvement from July. However, the 2015 year-to-date total is up 31% from the same period a year ago.

Retail and oil have been hit particularly hard.

Keep reading to find out where the steepest job cuts came from last month...

Jobs Report

U.S. Jobs Report Shows Highest Layoff Total in Four Years

The U.S. jobs report showed 105,696 pink slips were handed out last month as job cuts skyrocketed to the highest level in four years.

The oil patch continues to feel pain, but it isn't alone.

Keep reading to see which industries and companies were hit the hardest...


February Jobs Report: Why Wages Are Still So Low

The February jobs report showed a dip in the unemployment rate. But it also showed zero wage growth and a lower labor force participation rate.

A close look at the numbers shows this "recovery" has passed by too many people…

Here's the real story on U.S. jobs…

Here’s the real story on U.S. jobs…

U.S. economy

Gallup CEO Just Outted Government's False Unemployment Rate

The government's official unemployment rate is "a Big Lie," according to Jim Clifton, the CEO of 80-year old analytics firm Gallup. In a Feb. 3 op-ed, Clifton slammed the White House, Wall Street, and the media for celebrating about how unemployment is "down" to 5.7%.

Of course, here at Money Morning, we've called the "official" unemployment numbers cooked all along.

It's a good thing that Clifton is onboard with us – the more the merrier.

We want Americans to know there's a reason why they haven't "felt the recovery." Check out this breakdown...


The Scary Wage Growth Story in the December Jobs Report

The December jobs report released today (Friday) by the U.S. Department of Labor highlights what’s missing in the job market’s recovery: wage growth.

According to the report, the United States added 252,000 jobs last month, ahead of consensus estimates of 240,000. That was enough to push the unemployment rate down to 5.6%.

But those impressive numbers were not enough to distract from the bigger story of falling wages…

Stock Market Today

Stock Market Futures Love Today's Fresh Unemployment Data

Stock market futures rose Friday morning following strong October unemployment data. Watch for the report to positively affect markets throughout the day.

Here are today's other top stories, including stock news for RIG, ANF, DIS, and more...

Top News

January Jobs Report: Even the Cooked Numbers Are Bad

The January jobs report is another sign of how weak our economic recovery is – and it's not even taking into account all of the unemployed.

Friday, the Labor Department reported employers added 113,000 jobs last month. The unemployment rate ticked down to 6.6% from 6.7% in January, a rate not seen in five years.

But we know that number doesn't tell the full story…

The decline in the unemployment rate is due to an ongoing trend: discouraged workers exiting the labor force.

The actual unemployment rate, the U-6 rate, which includes "marginally attached workers plus total employed part time for economic reasons," remains at an unhealthy 12.7%.

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Top News

3 Million Americans to Lose Unemployment Benefits in 2014

Today, 1.3 million long-term unemployed workers sit restlessly in Congress' palm. They will be left without federal unemployment benefits just three days after Christmas if Washington fails to rework the budget deal to extend the Emergency Unemployment Compensation Program (EUC).

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