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The Increasingly Irrelevant Unemployment Rate
Nin-Hai Tseng, CNN Money FORTUNE – When it comes to gauging the health of the U.S. economy, the unemployment rate is proving to be an awfully unreliable statistic. After modest declines earlier this year, the jobless rate in May edged higher to 8.2% from 8.1%,the Labor Department reported Friday. The bad news shouldn't be that surprising. It confirms what some experts suspected all along – that the pace of economic growth never really justified the drop we saw in unemployment earlier this year. Back in April, joblessness fell to 8.1% from 8.2% the previous month, with the economy creating a mere 115,000 jobs. Although that meant the unemployment rate reached its lowest point since January 2009, the number of jobs created was barely enough to keep up with new workers entering the labor market. Read More
TARIFF-IED: Trade Talk with Matthew Rooney
Bush Institute-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict with India.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.