bureau of labor statistics

What Is The May 2017 Labor Market Telling Us?

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Reading Time: 4 minutes The U.S. economy is driven by the consumer as about 2/3rds of GDP is consumer spending. To forecast where the economy is headed, you need to figure out the health of the consumer. One of the main inputs to this forecast is the labor market (the other one being credit).…CONTINUE READING

Credit Card Debt Highest Since 2008

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Reading Time: 4 minutes President Trump made a bold official promise of 4% GDP growth per year: “To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth,” reads the White House…CONTINUE READING

Pause In Rate Hikes; Weak Jobs Report

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Reading Time: 4 minutes Two topics that took center stage this past week have been the Federal Reserve’s supposed change (perceived tightening) in its monetary policy and the monthly Bureau of Labor Statistics (BLS) report. The Fed clarified its forward guidance this week in a speech by Bill Dudley, president of the Federal Reserve…CONTINUE READING

Real Unemployment Rate In The United States

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Reading Time: 4 minutes Undoubtedly you have heard the optimistic economic outlooks on mainstream media channels. Often along with those highly touted future outlooks is a justification that the United States is at “full employment”, given that the unemployment rate, as recorded by the Bureau of Labor Statistics (BLS), is reported to be 4.8%…CONTINUE READING