CERF Blog

One last comment on the Bureau of Labor Statistics’ (BLS) employment and unemployment data release on Friday, I promise. I haven’t seen any comments on the “Long Term Unemployed.” These are people who have been unemployed for more than 27 weeks. According to the release, there were just under 5 million people (4,934,000) who had… Read more

The markets are reacting enthusiastically to today’s jobs and unemployment data. I’m not sure why. Dan discussed the jobs data and the problems with seasonal adjustment in the previous post. There is also a problem in the unemployment data.