Bob’s Take

The establishment economists got it wrong once again. The dreams of the recovery keep getting interrupted by the loud clanging of reality.

Posts Tagged ‘BLS’

The establishment economists got it wrong once again. The dreams of the recovery keep getting interrupted by the loud clanging of reality.

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Gotta beware of those government numbers.

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Labor unions are fighting a losing battle.

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Nothing from ACP, or what’s expected from the BLS on Friday, changes ECRI’s recession call.
I think this guy Achuthan is onto something.

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These folks are way too optimistic. There won’t be any true or complete economic recovery until government gets out of the way.

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As volatile and flimsy as the BLS numbers are, they cannot disguise an economy that is going nowhere, nor the trouble that Obama is in.

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On Monday the Bureau of Labor Statistics (BLS) said it was doing everything it could to make sure that Friday’s jobs report – the last one before the election – would come out on time, despite Hurricane Sandy. The BLS is still smarting from attacks over its last report which showed an increase of 114,000 [...]

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It appears that these professors are gaining some support for their prediction from others.

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This report from the Bureau of Labor Statistics contains some startling and disconcerting news: those in the lowest income bracket take in about $10,000 a year, but spend about $22,000! Here are the basics: there are about 24 million households in the bottom fifth of all households. Their disposable income, after taxes, is $10,074 a year. [...]

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