Posts Tagged ‘Bureau Of Labor Statistics’
Unemployment remains a major concern throughout the state of Louisiana and the nation as a whole. While the jobs situation in Louisiana is somewhat better than the national average, the unemployment rate for working-age teens (16-19) is astronomical and bodes ill for the future of Louisiana’s youth.
Like Texas, Louisiana needs to adopt an aggressive pro-growth, pro-jobs agenda that will help stop lawsuit abuse and help businesses put people back to work.
Although the Obama Administration claims the U.S. is in an economic recovery, evidenced by a fall in the official unemployment rate, the employment-to-population ratio, is now lower than it was when the recession officially ended. Additionally, since 2009 the number of people who have been out of work for more than six months has increased 40 percent.
Kate Martin, of the Mercatus Center at George Mason University, examines why unemployment has remained so high for more than two years. She believes a stable economic and political environment, rather than deficit spending, would foster job growth through greater employer confidence and certainty.
The Bureau of Labor Statistics reported a decreased unemployment rate of 9.7 percent in January. At the same time, economist John Williams from Shadow Stats estimated the SGS Alternate Unemployment Rate to be between 22 and 21 percent. Williams explains how the two calculations differ: The seasonally adjusted SGS Alternate Unemployment Rate reflects current unemployment [...]