Contradictory Economic Statistics
The Bureau of Labor Statistics announced the unemployment rate for January had fallen, but how could it decline so much if businesses added so few workers?
On Friday morning, the Bureau of Labor Statistics announced the unemployment rate for January, and the news was very good. The overall rate declined from 9.4 percent to 9 percent flat. In the past two months, the unemployment rate has fallen 0.8 percent percentage points—the biggest 60-day drop in more than 50 years. It must mean that American businesses, finally confident that the recovery has taken hold and feeling flush after a good holiday shopping season, have decided to add workers. It must mean that jobseekers are facing less competition, and the labor market is stabilizing. Or not.
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Thinking your life is worthwhile is correlated with a variety of positive outcomes.
- A new study finds that adults who feel their lives are meaningful have better health and life outcomes.
- Adults who felt their lives were worthwhile tended to be more social and had healthier habits.
- The findings could be used to help improve the health of older adults.
Even when they suffer costs in doing so.
- It's commonly thought that the suppression of female sexuality is perpetuated by either men or women.
- In a new study, researchers used economics games to observe how both genders treat sexually-available women.
- The results suggests that both sexes punish female promiscuity, though for different reasons and different levels of intensity.
Jeff Bezos, the founder of Amazon.com, explains his plan for success.
- Jeff Bezos had a clear vision for Amazon.com from the start.
- He was inspired by a statistic he learned while working at a hedge fund: In the '90s, web usage was growing at 2,300% a year.
- Bezos explains why books, in particular, make for a perfect item to sell on the internet.
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