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The unemployment rate in Sacramento and California registered a significant drop in May for the second consecutive month, but analysts cautioned that the steadily improving numbers conceal a large number of people who are working in low-wage jobs or who are no longer firmly attached to the workforce. The Sacramento area jobless rate fell to 7.8 percent in May, down from a revised 8.2 percent in April, according to statistics released Friday by the state Employment Development Department. The statewide jobless rate dipped to 8.6 percent last month, down from 9 percent in April, 9.4 percent in March and 10.7...

While an economic slowdown is looming over the global economy, no one seems to care, as stock markets continue to reach new record-highs—giving investors false hopes of economic growth. But how long can this mirage actually last? The economic slowdown in the global economy I’m talking about is a worldwide pullback in growth. Take India as the first example. According to India’s Central Statistics Office, the Indian economy is growing at five percent—its slowest pace in a decade! The director general of the Confederation of Indian Industry was quoted late last week as saying, “With no visible pick-up in any...

Unemployment, underemployment lowest since Gallup began tracking WASHINGTON, D.C. -- U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.3% in mid-October, down considerably from 7.9% at the end of September and at a new low since Gallup began collecting employment data in January 2010. Gallup's seasonally adjusted unemployment rate is 7.7%, also down from September. October's adjusted mid-month measure is also more than a percentage point lower than October 2011. These results are based on Gallup Daily tracking surveys conducted by landline and cell phone with more than 30,000 U.S. adults from Sept. 16-Oct. 15. Gallup's seasonally adjusted...

Rick Santelli, the man who helped launch the Tea Party with his impassioned comments from the trading floor in 2009, sees the hand of politics at work in today's announcement that the unemployment rate has dipped below 8%. Speaking on CNBC's Squawk Box this morning just minutes after the number was announced, Santelli said: "I told you they'd get it under 8%--they did!" View the video here.

Jobs: Normally, a drop in the unemployment rate would be a welcome sign of an economy on the mend. But in the upside-down world of Obamanomics, the jobless figure is increasingly useless, hiding more than it reveals. In April, the unemployment rate officially declined to 8.1% from the previous month's 8.2%, according to the Bureau of Labor Statistics. But you don't have to look very hard to see that the jobs picture actually deteriorated last month. In fact, the only reason the jobless rate didn't climb in April is because so many people have simply quit looking for jobs and...

How would you define “unemployment?”  Statistics on unemployment are bandied around in the media all the time.  Changes in these statistics are hailed as good or bad news for the President, with varying degrees of emphasis from the news networks, depending on which party the President belongs to.  But what do these statistics truly measure?Would you define “unemployment” as measuring “people who want a job, but can’t get one?”  This is, broadly speaking, the definition embraced by the Bureau of Labor Statistics.  The trick to making those numbers dance lies in measuring “people who want a job.”  The widely reported...

Alabama and Arizona are being sued by Barack Hussein Obama to farther his insidious plan to erase our borders and allow millions of potential new Democrat voters to flow in and choke our system. Both states have taken strong measures to get their illegal alien problem under control and both are experiencing improvements in their unemployment rates, but the results in Alabama have been stunning. Since putting its tough anti-illegal alien H. B. 56 into effect last September Alabama has seen an overnight increase in the number of her citizens working and a drop in the percentage of Alabamians collecting...

* Fake it until you make it. ** By: Larry Walker, Jr. *The following passage is from my last post, “Labor Force Contraction with Obama - And other hidden truths” :“Most of the electorate understands that as the size of the labor force shrinks the unemployment rate declines. But is anyone really paying attention? Since this massive decline in the civilian labor force is a verifiable fact, it's not surprising that the Obama Administration and much of the propagandist media have chosen to ignore it.”Okay, I confess that I was begging the question. I am fully aware that most...

  Despite a sharp drop in the U-3 unemployment rate last month to 8.6 percent from 9.0 percent, there was no triumphalism coming from the Obama White House this morning. As economic adviser Alan Krueger wrote on the White House blog about the November employment numbers: Today’s employment report provides further evidence that the economy is continuing to heal from the worst economic downturn since the Great Depression, but the pace of improvement is still not fast enough given the large job losses from the recession that began in December 2007. … The monthly employment and unemployment numbers are volatile and employment estimates...

As liberals breathlessly report the drop in unemployment during the holiday shopping season is a sign the economy is roaring back...

The link will provide a brief video of Santelli's take on today's numbers when they broke this morning. In short, he's not buying them.

Let’s start with the reality that fewer people actually were working in July than in June. According to a Bureau of Labor Statistics breakdown, there were 139,296,000 people working in July, compared to 139,334,000 the month before. That’s actually a drop of 2.7 percent. But the job creation number was positive and the unemployment rate went down, right? So how does that work? It’s a product of something the government calls “discouraged workers,” or those who were unemployed but not out looking for work during the reporting period. This is where the numbers showed a really big spike—up from 982,000...

The national unemployment rate is becoming an increasingly meaningless statistic when it comes to painting a true picture of economic and job growth. While the December drop from 9.4 percent to 9.0 percent might have looked nice on paper, digging through the real numbers shows the actual jobs picture hasn’t improved at all. In fact, the situation is at best stagnating, despite headline numbers that look like things are getting better. At the heart of the unemployment rate deception are the nearly three million Americans counted as “marginally attached” to the labor force. Those folks would take a job if...

Citing what he believes are clear signs the economy is bouncing back from recession, Vice-President Joe Biden yesterday touted Barack Obama's 'stimulus package' and bailout of Wall Street. Time for yet another fact-check on the pathological liars of the Obama Administration. Banks are failing at double the rate of last year. During 2009, which the government claims was the peak of the recession, the total number of bank failures at this point in the year was 40. It is already 83 for this year. Yet the FDIC is running ads on radio stations across the country attempting to scare people...

Santa Clara County posted its lowest unemployment rate in a year last month, but at 11 percent it remains stubbornly high and offers little consolation to the region's 100,600 unemployed. The county's May jobless rate was down from a revised 11.4 percent in April, the state Employment Development Department reported Friday. The rate, which was 10.9 percent in May 2009, peaked at 12.1 percent in January. One area showing gains was computers and electronics manufacturing, which grew by 300 jobs in May over April in the metro region of Santa Clara and San Benito counties. "It's headed in the right...

The Obama Administration appears to be floating a "trial balloon" to test public reaction to unemployment numbers double the 9.7 percent they so often tout.

New Orleans has the lowest jobless rate in the country, according to an employment report released Wednesday by the U.S. Department of Labor. The unemployment rate in the city fell to 6.5 percent in February, from 7.9 percent in January and 6.8 percent in December. That gave it the lowest rate in the country among metropolitan areas with 1 million or more people, the department said. The report found that unemployment rates fell or remained unchanged in two-thirds of the 372 largest U.S. metro areas in February. In fact, the eight U.S. metro areas showing the greatest improvement in unemployment...

Per CNBC TV.

California employers cut more workers from their staffs in December, capping a dismal year in which the state lost more than half a million jobs. Payrolls shrank by 38,800 jobs last month, while the unemployment rate remained flat at 12.4% from the revised figure in November, which previously was pegged at 12.3%. The state has the fifth-highest unemployment rate in the nation, after Michigan, Nevada, Rhode Island and South Carolina, and economists expect it to lag as the construction and retail sectors continue to struggle. Overall, the nation lost 85,000 jobs in December, but its unemployment rate remained at 10%....

A year after Obama and Romer's so-called recovery plan, 3 million jobs lost and 10% unemployment is where the US currently stands. If your name is Barack Hussein Obama and one of your economic advisers' is Christina Romer, you have nothing to be proud of at all. In fact, you may well consider kicking yourself immediately. The date: January 9, 2009. The insanely optimistic report: The Job Impact of the American Recovery and Reinvestment Plan. The author: Christina Romer. The president on whom this reflects: Barack Obama. Today is the dreaded, one-year anniversary of a now-most infamous report, The Job...