Bureau of Labor Statistics

An Open Letter To The Fed's William Dudley

"Let’s face it... The Fed can’t hold the financial order together much longer anyway. Why pretend you can with utter nonsense like crashing unemployment? It’s insulting...Your credibility’s shot..."

Data Says Fed Is Making A Mistake

"While raising rates will accelerate a potential recession and a significant market correction, from the Fed’s perspective it might be the ‘lesser of two evils. Being caught near the “zero bound” at the onset of a recession leaves few options for the Federal Reserve to stabilize an economic decline. In other words, they already likely realize they are screwed."

Falling Interest Rates Have Postponed "Peak Oil"

"The new crisis can be expected to be 'Peak Economy' instead of Peak Oil. Peak Economy is likely to have a far different shape than Peak Oil - a much sharper downturn. It is likely to affect many aspects of the economy at once. The financial system will be especially affected. "

McDonalds To Hire 250,000 This Summer Via SnapChat, Spotify And Hulu

Starting June 13, Snapchat users nationwide may be served 10-second video ads of real restaurant employees talking about the benefits of working at McDonald’s. Viewers can then ‘swipe up’ to instantly visit the McDonald’s career webpage in Snapchat to explore the opportunities offered by McDonald’s, and apply to their local restaurants if they so choose.

Elderly Americans Are Taking Their Grandkids' Summer Jobs

Despite apparently encouraging circumstances, teenage workforce participation rates are at their lowest levels in more than a decade. Why? Because teens these days are facing stiff competition from Americans over the age of 65 – i.e. their parents and grandparents.

$75,560: The Cost Of Housing A Prisoner For One Year In California

Californians have grown accustomed over the years to massively overpaying for public services and infrastructure projects.  That said, the cost of providing the best healthcare money can buy and luxurious accommodations to the state's 130,000 prisoners is starting to move beyond outrageous, even by California standards.