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The March Unemployment Report Was Pretty Good

The March unemployment report on the surface looked bad due too less than one hundred thousand jobs gained.  But that is just one number and also not part of the report which calculates the unemployment rate and other statistics.  The unemployment rate actually dropped -0.2 percentage points to 4.5%.  That in itself is a decade low.  The better news is the monthly drop was due to less people being unemployed and almost half a million more were working.

February's Unemployment Report Has Little to Write Home About

February's unemployment report is just another no change type of thing.  The unemployment rate is 4.7%, a -0.1 percentage point change from last month.  Those unemployed declined slightly as did those no longer in the labor force.  The labor participation rate finally hit 63.0% which is still very low  The biggest movement was those employed increased by 447 thousand.  Folks, there just isn't much to write home about again.

Nothing Special in the Unemployment Report

January is the month when annual adjustments are added to the unemployment report.  These adjustments are just tacked onto the month of January, hence one cannot compare the past month without removing these figures.  Yet, with or without the annual adjustments, this year's end result isn't much of a shift.  The January unemployment rate is 4.8%.  Those employed had little change as did those unemployed.

December Unemployment Report Looks Static

The December 2016 unemployment report looks almost static as changes in most of the statistics are small.  The unemployment rate ticked up by 0.1% to 4.7%.  Those employed increased by 63,000 a very small monthly number.  Those unemployed monthly change was also relatively small.  Even those dropping out of the labor force barely registered for the month.

The Uber Low Unemployment Rate Isn't All That it is Cracked Up to Be

The November 2016 unemployment report shows continuing distorted monthly unemployment figures.  The unemployment rate ticked down by -0.3% to 4.6%, a nine year low, but this isn't the great news as many proclaim.  The reason the unemployment rate dropped is yet another almost half a million, 446 thousand more, were considered no longer part of the labor force.

Unemployment Rate 4.9% As Labor Force Drops

The October 2016 unemployment report shows yet more monthly distorted unemployment figures.  The unemployment rate ticked down by -0.1% to 4.9% as almost half a million, 425 thousand more, were considered no longer part of the labor force.  Those employed dropped by -43,000 and those unemployed declined by -152,000.  Both the labor participation rate and the civilian to employment ratio ticked down a tenth of a percentage point.

Unemployment Rate Uptick Largely Due to Statistical Swings

The September 2016 unemployment report shows some fairly wild statistical swings that result in a distorted unemployment picture.  The unemployment rate ticked up 0.1% to 5.0%.  Over 350 thousand more were now considered employed.  Both the labor participation rate and the civilian to employment ratio also ticked up a tenth of a percentage point.

Unemployment Report Shows Hardly Any Change

The August 2016 unemployment report shows a fairly underwhelming month of statistics, yet not as bad as some in the press would have you believe.  The unemployment rate remained the same at 4.9%, the third month in a row.  Generally speaking August was no change from July.  Both the labor participation rate and the civilian to employment ratio did not change.  The number of people employed was low and similar to the number of those unemployed.

Unemployment Statistics Have a Good Month

The July 2016 unemployment report shows a pretty good month of statistics.  The unemployment rate remained the same at 4.9%.  Yet this month, unlike others, the low unemployment rate is not due to more people dropping off of the statistical radar.  Instead the labor participation rate ticked up a tenth of a percentage point as more people entered the labor force.

Record Low 4.7% Unemployment Rate Hides Ominous Signs

The May 2016 unemployment report on the surface sounds like great news.  The unemployment rate dropped to an astoundingly low 4.7%.  This is a -0.3 percentage point drop from last month and a level not seen since November 2007.  Yet the statistics which make up the unemployment rate actually shows something terrible.  The unemployment rate dropped because 664,000 people dropped out of the labor force with almost half a million no longer counted as unemployed.

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