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Category Archives: Employment
Last Week’s Unemployment Claims Data Was Not Good News
Lee Adler, Wall Street Examiner The media proclaimed that the initial unemployment claims report last week beat economists expectations, and was therefore good news. A hard look at the actual data says otherwise. The Labor Department reported that seasonally adjusted … Continue reading
Posted in Business News and Analysis, Employment
Tagged employment, Lee Adler, unemployment
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October 2012 JOLTS An Improvement Over Last Month’s Report
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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November 2012 Employment Index: Jobs Growth Will Decelerate
Written by Steven Hansen Before analyzing the Conference Board’s November employment index, one more look at last Friday’s BLS jobs report: Again, I caution readers not to take the November BLS Jobs report seriously – just look at the overall … Continue reading
Posted in Employment, aa syndication
Tagged ADP, BLS, Conference Board, employment, eti, Steven Hansen, unemployment
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BLS Jobs Report Much Better than Expectations in November 2012
Written by Steven Hansen The November 2012 BLS jobs report was better this month. the real unadjusted jobs loss comparing the changes between October and November was above average historically – and the best gain since 2006. economic intuitive sectors … Continue reading
Posted in Employment, aa syndication
Tagged ADP, analysis, BLS, employment, jobs, NFIB, Steven Hansen, unemployment
2 Comments
Productivity 3Q2012 (Final): Productivity Increase Improved to 2.9%
Written by Steven Hansen [Note: This post is a markup of the preliminary data post - added statements underlined] A simple summary of this release is that the rate of productivity growth has been gently growing year-over-year , whilst the … Continue reading
Posted in Employment, aa syndication
Tagged BLS, costs, labor, output, productivity, recession, Steven Hansen
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November 2012 ADP Jobs Up 118,000
Written by Steven Hansen ADP reported November 2012 non-farm private jobs growth at 118,000. The market expected 125K (versus the 118K reported). These numbers are all seasonally adjusted. This month, ADP’s analysis is that large business the majority of the … Continue reading
Posted in Employment, aa syndication
Tagged ADP, BLS, employment, private sector employment, Steven Hansen
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A Whole Generation of Young Americans Tossed Under the Bus
by Russ Winter, Wall Street Examiner As a member of the baby boom generation I don’t envy my son’s Gen Y generation: 1982-2004 also known as echo boomers. In the corrupt lobbying form of crony government practiced in this country, … Continue reading
Posted in Education, Employment
Tagged Economy, employment, Gen Y, generation Y, inflation, Russ Winter, unemployment, wall street examiner
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First Time Unemployment Claims Drop After Sandy, But Jobs Growth Rate Slows
Lee Adler, Wall Street Examiner The Labor Department reported that seasonally adjusted (SA) first time claims for unemployment fell by 23,000 to 393,000 from a revised 416,000 (was 410,000) in the advance report for the week ended November 24, 2012. … Continue reading
Posted in Business News and Analysis, Employment
Tagged Economy, employment, jobs, Lee Adler, unemployment, wall street examiner
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Unemployment Claims Recovering from Superstorm Sandy
Initial Unemployment Claims Rapidly Coming Back To Trend, Post Superstorm Sandy by Lee Adler, Wall Street Examiner The Labor Department reported that seasonally adjusted (SA) first time claims for unemployment fell by 41,000 to 410,000 from a revised 451,000 (was … Continue reading
Initial Claims’ Storm Surge
Sandy Has Extraordinary Impact on Initial Unemployment Claims by Lee Adler, The Wall Street Examiner The Labor Department reported that seasonally adjusted (SA) first time claims for unemployment rose by 78,000 to 439,000 from a revised 361,000 (was 355,000) in … Continue reading
Jobless Recoveries and the Disappearance of Routine Occupations
The US economy is recovering. But what explains the stubborn malaise in its labour market? This column argues that future recovery from recession will likely be jobless because technological advances and mechanisation now enable troubled firms to shed middle-income jobs in favour of machines and automation. If these jobs are not recouped during subsequent economic recovery, future recoveries may well remain jobless. Continue reading
What Impacts Will Obamacare Have On Employment?
Written by Steven Hansen There has been much talk about the impact of Obamacare on employment dynamics in the USA. Much of the recent discussion centers on the Obamacare definition of full-time employment: The law defines a full-time worker as … Continue reading
The Employment and GDP Relationship
The author – Menzie Chinn – evaluates the latest GDP release to conclude whether job creation is less than what would be expected, given the growth in real GDP. Continue reading
Posted in Business News and Analysis, Employment, GDP
Tagged employment, GDP, Menzie Chinn
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September 2012 JOLTS May Be Warning of Slowing Job Gains Ahead
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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October 2012 Employment Index Grows but Forecasts Weak Growth
Written by Steven Hansen Before analyzing the Conference Board’s October employment index, one more look at last Friday’s BLS jobs report. Overall the BLS employment report was neither great or bad – the report was about average since the 1Q2011; … Continue reading
Posted in Employment, aa syndication
Tagged ADP, BLS, Conference Board, employment, eti, Steven Hansen, unemployment
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Full-Time Jobs Jump But….
Full Time Jobs Jump While Hours and Weekly Earnings Soften by Lee Adler, The Wall Street Examiner The BLS today reported a gain of 171,00 in nonfarm payrolls. The actual, not seasonally adjusted (NSA) number was a gain of 911,000. … Continue reading
BLS Jobs Growth More Consistent With a Growing Economy in October 2012
Written by Steven Hansen The October 2012 BLS jobs report was better this month. the real unadjusted jobs loss comparing the changes between September and October was above average historically. economic intuitive sectors of employment gave a positive picture of … Continue reading
Posted in Employment, aa syndication
Tagged ADP, analysis, BLS, employment, jobs, NFIB, Steven Hansen, unemployment
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Stocks Extended Relative to Declining Jobless Claims
Year To Year Drop In Jobless Claims Stays On Track at 7.4% But Stocks Are Still Extended In Relation by Lee Adler, The Wall Street Examiner The Labor Department reported that seasonally adjusted (SA) first time claims for unemployment fell … Continue reading
Productivity 3Q2012 (Preliminary): Productivity Increased at 1.9%
Written by Steven Hansen A simple summary of this release is that the rate of productivity growth has been gently growing year-over-year , whilst the rate of growth of labor costs marginally increased (even though the quarter-over-quarter data contracted slightly). … Continue reading
Posted in Employment, aa syndication
Tagged BLS, costs, labor, output, productivity, recession, Steven Hansen
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October 2012 ADP Jobs Up 158,000
Written by Steven Hansen Welcome to the new and “wonderful” ADP Employment Report (see caveats below). This post will be revised several times as the systems begins to adjust for “upgraded” Report. ADP reported September 2012 non-farm private jobs growth … Continue reading
Posted in Employment, aa syndication
Tagged ADP, BLS, employment, private sector employment, Steven Hansen
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