Tag: jobs

By the Numbers: Is the unemployment rate a “big lie”?

By

Jim Clifton, chairman and CEO of the polling company Gallup, published an opinion piece this week denouncing the official unemployment rate of 5.6% as a “big lie.” It’s a lie, he says, repeated to make the Obama administration look good and deceive Americans about the economy. “The media loves a comeback story,” he writes, “the White House wants to score … Continued

CBO finds Affordable Care Act cuts employment by equivalent of 2 million workers

By

Appendix C of the Congressional Budget Office’s ten-year economic outlook, regarding the labor market effects of the Affordable Care Act, explains in devastating detail just how much the Act will hurt the already weak labor market. It’s pretty straightforward price theory, gauging the effects of the various taxes imposed and subsidies offered by the ACA. Below … Continued