As unemployment numbers rise along with fuel prices and everything else. I wanted to know the hard numbers of what the government’s definition of unemployment. Perhaps what they are including in their monthly numbers and what their leaving out. I felt a good place to start, in understanding of the jargon splashed over the evening news every night would by the bureau of Labor Statistics. A branch of the United States Department of Labor.
The site is a one-stop-show for all information related to labor. Although I found the langue a little misleading in favor of making the administration look better. They weren’t able to hind the true we have all been feeling. According to The (Labor)Bureau, the unemployment situation as of April 2008 is good.
The total number of unemployed workers was at a staggering 7.6 million. Up .8 percent over April 2008. The Bureau also reported job loss for the first three moths of the year 2008 totaled 240,000. (Labor)
Is there a silver lining to all this doom and gloom forecast? No really, unless you happen to be in the market for a lower paying part time job. As the Bureau went on to report in April part time jobs rose from 306,000 to 5.2 million. Which could be understood as good news for a high school kid looking to off set his allowance , but for anyone trying make their bills or pay for their kids collage maybe not so much.Works Cited
Labor, U.S Department of. Bureau of Labor Statics. April 2008. April 2008 .