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Tag Archives: labor force
Economy Screwed Up because 8% of Real Workforce Is Idle
Written by Steven Hansen Over last weekend Econintersect issued its October 2012 economic index. The October index value had dropped precipitously – the largest one month drop since January 2009. However the index was not (yet?) indicating Main Street was … Continue reading
Posted in Weekly Economic Summary, aa syndication
Tagged Economy, ECRI, labor force, recession, Steven Hansen, unemployment, weekly review
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Bizarre Week: Wall Street Takes a Dive
Weekly Initial Unemployment Claims exceeded levels of the corresponding week in the previous year for the first time in two years. Yet the non-farm payrolls numbers grew by a healthy 244,000. The bizarre contradictions were emphasized by sharp drops in commodities, smaller declines in stocks, and disappointing reports on productivity and from the ISM non-manufcturing survey. Continue reading
Misplaced Jobs Report Celebration
The celebration of the stronger employment numbers is misplaced. The drop in the unemployment rate is due almost entirely to people leaving the labore force. Further the employment gains being celebrated are less than all but a few months in the late 1990s – and we have 10% more people now. Continue reading
Posted in Employment
Tagged BLS, CEPR, Dean Baker, employment diffusion index, ISM, labor force, unemployment
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CBO Projects Little Change in Jobs Growth
According to the CBO, slow jobs growth for the next decade will be the result of a combination of economic and demographic factors. Continue reading
Posted in Employment
Tagged CBO, congressional budget office, demographics, employment, labor force, labor participation rate
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