April 2017 Unemployment Update

Unemployment improved last month, but underemployment improved even more In keeping with the trends we saw in the first three months of 2017, the April 2017 Employment Situation release shows that the labor market has continued to tighten, with the official U-3 unemployment rate dropping to 4.4%, a level last seen in 2006. January February

Recent Unemployment Trends

With the Bureau of Labor Statistic’s “Employment Situation” release for April 2017 scheduled for Friday morning, we thought a follow-up on our recent Lamppost on unemployment statistics was in order, in the form of a quick look back at some recent numbers. The BLS website has the Employment Situation releases archived back to 1994, but we’ll

Unemployment Statistics, Explained

Every month the Bureau of Labor Statistics (BLS) releases the latest estimate of “the unemployment rate”, grabbing a few headlines and occasionally spawning confused debates.  This article should serve as a simple primer on what the unemployment rate measures, how it’s calculated, and why it matters. What is an Unemployment Rate? An unemployment rate is

Another Victory Like This Will Undo Them

Flag of Virginia overlaid with the phrase "A Bitter Pill"

Judge Madeline Haikala’s Ruling Gives New Gardendale School District A Pyrrhic Victory At Best On May 24 Judge Madeline Haikala of the United States District Court for the Northern District of Alabama issued a ruling on an attempt by the small city of Gardendale to split its schools from the Jackson County Schools District.  While

The Debt Ceiling – Another Charming American Neurosis

South view of the US Capitol building

Given the intransigence of the Freedom Caucus in the House, it seems likely that we may see the return of the “debt ceiling” or “debt limit” to news headlines this year.  Here’s a stripped-down summary of the concept; there’s a lot more detail available from Wikipedia, of course, but this should save you some digging.