The Economic Populist – by Robert Oak
The January 2016 unemployment report is being reported as nothing but good news. The official unemployment rate is 4.9%, a rate not seen since February 2008. This is the weird month where annual population adjustments are applied and not backwards adjusted. Therefore January to December comparisons are not valid. Still, there are some trends to look at. The labor participate rate is a very low 62.7% and those not counted in the unemployment rate who say they want a job is almost six million. Overall, this month’s CPS report shows a mediocre unemployment situation for most, in spite of the official unemployment rate breaking five percent. Continue reading “Unemployment Report Starts the Year By Breaking the 5% Unemployment Rate Barrier, Big Deal”

But instead of helping the family, the officers showed up, saw they were outmanned, and ran away, cell phone video captured by the family shows.