Global Economic News and Analysis
Written by Steven Hansen The June BLS jobs report was mediocre. the real unadjusted jobs gain comparing growth May to June was below last years growth, and low historically. regardless of any interpretation – mediocre jobs growth is what one would expect in the current economic climate. last month report was terrible, but now the …
Continue reading “BLS Jobs Situation in June 2012 Remains Mediocre”
Written by Steven Hansen The May BLS jobs report – although not excellent – is likely better than you or the pundits believe. the real unadjusted jobs gain comparing May to April is actually the largest since the end of the Great Recession. The BLS has serious issues with their seasonal adjustment methods. regardless of …
Continue reading “BLS Jobs Growth of 69,000 Is Better than Headlines in May 2012”
Written by Steven Hansen The BLS jobs report was simply not good. the real jobs gain comparing April to March is actually smaller than either 2011 or 2011. regardless on any interpretation – the big picture is that jobs growth is one would expect in the current economic situation. would any pundit like to stand …
Continue reading “April 2012 Jobs Report: Not Pretty but Shows Expanding Economy”
Written by Steven Hansen The BLS jobs report never fails to add excitement. The headline data was sure to disappoint everyone, and the Econintersect view of the data is more like Goldilocks view of the bears porridge. the real jobs gain comparing February to March is actually smaller than last year, and is low historically. …
Written by Steven Hansen ADP reported March 2012 non-farm private jobs growth at 209,000. The market expected between 217K and 220K (versus the 209K reported) There is no question that this level of jobs growth is positive. However, the flip side of the coin is that employment trends are telling us the economy’s rate of …
Continue reading “March 2012 ADP Jobs Grow 209K, Indicates Economic Growth Rate Stalling”