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Category Archives: Employment
Should You Tell Your Kid to Drop Out of High School?
Written by Steven Hansen There have been several posts over the past few weeks discussing college / university education. Goldman Sachs economist Jan Hatzius stated: [T]he faster job growth among college graduates is entirely due to faster growth in the … Continue reading
Posted in Employment, Weekly Economic Summary, aa syndication
Tagged college, dropout, Economy, employment, GDP, high school, recovery, Steven Hansen, unemployment, university, weekly review
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Initial Claims Not Great but Not as Bad as Claimed
by Lee Adler, Wall Street Examiner The media exhibited much consternation today as economists’ consensus guess on first time unemployment claims turned out to be way too optimistic this week. That raised two questions in my mind. Was the number … Continue reading
Posted in Employment
Tagged dol, Economy, employment, Federal Reserve, GDP, Lee Adler, recession, recovery, unemployment
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What Do Weekly Unemployment Claims Tell us About Recession Risk?
by Doug Short, Advisor Perspectives/dshort.com Note from dshort: I’ve updated this commentary to include the latest labor force data in May’s release of the April employment report. Every Thursday I post an update on weekly unemployment claims shortly after the … Continue reading
Posted in Employment, GDP
Tagged Doug Short, Economy, employment, Federal Reserve, GDP, recession, recovery, unemployment
3 Comments
US Consumers Keep Spending Despite Reduced Pay
by Warren Mosler This article was originally published by Mosler Economics (Apr. 29, 2013) This is the current thinking, but the pieces don’t add up? Hoping I’m being too negative here… Comments below:
Bubbly Stock Prices Running Away From Improving Jobless Claims
by Lee Adler, Wall Street Examiner The trend toward fewer initial unemployment claims continued this week at a pace near the best levels of the past several years. However, spurred on by QE, bubbling stock prices are increasingly ahead of … Continue reading
Posted in Employment, stock markets
Tagged Economy, employment, Federal Reserve, GDP, Lee Adler, unemployment
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March 2013 JOLTS Suggests A Static Employment Situation
Written by Steven Hansen The BLS Job Openings and Labor Turnover Survey (JOLTS) has been a good predictor of future jobs growth: the number of PRIVATE jobs openings – which is the most predictive of the JOLTS elements – was … Continue reading
Posted in Employment, aa syndication
Tagged employment, firing, hiring, job openings, jobs, JOLTS, labor, separation, Steven Hansen
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Payrolls Gain But QE Has No Impact On Growth Rate
by Lee Adler, Wall Street Examiner The BLS today reported a seasonally adjusted (SA) gain of 165,000 in April nonfarm payrolls, beating the consensus estimates of 140,000 to 155,000 from surveys of economists by mainstream media organizations. Surprise, surprise (not) … Continue reading
Posted in Employment, Federal Reserve, GDP, Personal Income and Consumption, Taxation, macroeconomics
Tagged BLS, Economy, employment, energy, Federal Reserve, GDP, Lee Adler, recession, recovery, unemployment
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April 2013 Conference Board Employment Index Improves Marginally
Written by Steven Hansen The Conference Board’s Employment Trends Index – which forecasts employment for the next 6 months – rose marginally in its April 2013 release. The Conference Board believes their index continues to signal moderate employment growth; Econintersect‘s … Continue reading
Posted in Employment
Tagged ADP, BLS, Conference Board, employment, eti, Steven Hansen, unemployment
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Why You Should Take Jobs Data with a Grain of Salt
by Lee Adler, Wall Street Examiner This post is an excerpt of a report posted on October 3, 2012. For a summary of today’s employment data, see GEI News. Analysis of today’s data is available at GEI Analysis. Given its … Continue reading
Posted in Employment
Tagged employment, historical adjustments, Lee Adler, seasonal adjustents, wall street examiner
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BLS Jobs Situation Just OK in April 2013
Written by Steven Hansen The April 2013 BLS jobs report was above expectations. There was nothing in this data that was very good or very bad. But if you were expecting a bad report, this report was excellent. the real … Continue reading
Posted in Employment, aa syndication
Tagged ADP, analysis, BLS, employment, jobs, NFIB, Steven Hansen, unemployment
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Second Quarter Stronger than Perceived
Here’s Why Everybody Is Wrong About The Second Quarter Being Weak by Lee Adler, Wall Street Examiner With the quarter now one third complete just about all the pundits are predicting a sharp slowdown in the economy for the April-June … Continue reading
Posted in Employment, GDP
Tagged consumer confidence, Economy, Federal Reserve, GDP, inflation, Lee Adler, recovery
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Productivity 1Q2013 (Preliminary): Productivity Grows Faster than Costs
Written by Steven Hansen A simple summary of this release is that the rate of productivity growth is up , whilst the rate of growth of labor costs is down. Overall, comparing one year ago – productivity is growing faster … Continue reading
Posted in Employment, aa syndication
Tagged BLS, costs, labor, output, productivity, recession, Steven Hansen
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April 2013 ADP Jobs 119,000, Well Under Expectations
Written by Steven Hansen ADP reported April 2013 non-farm private jobs growth at 119,000. The market expected 150K to 155K (versus the 119K reported). These numbers are all seasonally adjusted. This month, ADP’s analysis is that small and medium sized … Continue reading
Posted in Employment, aa syndication
Tagged ADP, BLS, employment, private sector employment, Steven Hansen
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Does Unemployment Claims Data Indicate There Actually is Some Trickle Down?
Big Improvement in Unemployment Claims Suggests Fed Rigging May Be Trickling Out by Lee Adler, Wall Street Examiner The trend toward fewer initial unemployment claims showed signs of accelerating this week. If that were to continue it would mean that … Continue reading
Posted in Employment, Federal Reserve
Tagged consumer confidence, Economy, employment, Federal Reserve, GDP, Lee Adler, recovery, unemployment
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Comparing Unemployment During the Great Depression and the Great Recession
by William K. Black, New Economic Perspectives Barry Eichengreen’s and Tim Hatton’s January 1988 paper entitled “Interwar Unemployment in International Perspective” is a useful starting point for any effort to compare unemployment during the Great Depression and the Great Recession. … Continue reading
Posted in Economics, Employment, Eurozone, UK, macroeconomics, money
Tagged Economy, employment, Federal Reserve, Great Depression, recession, recovery, unemployment, William K. Black
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80 Years to Deflate Unemployment Crisis in Ireland?
by Constantin Gurdgiev, TrueEconomics.Blogspot.in Continuing with the Ireland Live Register data theme: in the first post I covered broader long-term trends in the LR, with the second post looking at some sub-trends relating to nationality of Live Register signees. Here: … Continue reading
Posted in Employment, UK
Tagged Constantin Gurdgiev, Economy, employment, GDP, Ireland, unemployment
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Inequality – Both Economic and In Access to Liberty and Justice – Skyrockets to Historic Levels
by Washington’s Blog, Washington’s Blog Poverty Spikes In America … While the Government Throws Money at the Super-Elite AP reports that the U.S. is seeing the highest spike in poverty since the 1960s, and notes: According to a report by … Continue reading
Posted in Economics, Employment, money
Tagged Economy, Federal Reserve, GDP, inequality, personal income, Washington’s Blog
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Initial Claims are Still on Slowly Improving Trend
Jobless Claims Really Jump by 40,000 – Normal For This Week, But Means Fed Blowing Stock Bubble by Lee Adler, Wall Street Examiner The headline jobless claims number is wrong again this week. Last week the headline number was too … Continue reading
Posted in Employment, Federal Reserve
Tagged Economy, employment, Federal Reserve, GDP, initial unemployment claims, Lee Adler, unemployment
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February 2013 JOLTS Is Predicting Better Jobs Growth
Written by Steven Hansen The BLS Job Openings and Labor Turnover Survey (JOLTS) has been a good predictor of future jobs growth: the number of PRIVATE jobs openings – which is the most predictive of the JOLTS elements – was … Continue reading
Posted in Employment, aa syndication
Tagged employment, firing, hiring, job openings, jobs, JOLTS, labor, separation, Steven Hansen
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March 2013 Employment Number is No Disaster
Jobs Report, Market Reaction, Fedhead Response All So Predictable, Who Believes This Crap? by Lee Adler, Wall Street Examiner The BLS today reported a seasonally adjusted (SA) gain of 88,000 in March nonfarm payrolls. This time economists were too optimistic, … Continue reading
