Category: Employment
The analysis published under this category are as follows.Sunday, August 05, 2012
Alternate Perspectives On U.S. Employment and Unemployment / Economics / Employment
Employment Population Ratio: Age 16-64 With No Disability
A higher portion of men in this demographic have jobs than since mid-2009. Women have about the same ratio of employment as they have had for the last couple of years.
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Saturday, August 04, 2012
U.S. July Employment Situation – Labor Market is Improving at Snail’s Pace / Economics / Employment
Civilian Unemployment Rate: 8.254% in July vs. 8.217% in June. The cycle high jobless rate for the recent recession is 10.0%, registered in October 2009.
Payroll Employment: +163,000 jobs in July vs. +64,000 in June.
Private sector jobs increased 172,000 after a gain of 73,000 in June. A net loss of 6,000 jobs due to revisions of payroll estimates of May and June.
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Saturday, July 07, 2012
U.S. Labour Market Stood Sill in June, Strengthens the case of FOMC Doves / Economics / Employment
Civilian Unemployment Rate: 8.2% in June, unchanged from May. Cycle-high jobless rate for the recent recession is 10.0%, registered in October 2009.
Payroll Employment: +80,000 jobs in June vs. +77,000 in May. Private sector jobs increased 84,000 after a gain of 105,000 in May. A net loss of 1,000 jobs due to revisions of non-farm payroll estimates of April and May.
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Friday, July 06, 2012
Latest from the US Labor Market / Economics / Employment
The customary initial jobless claims report shows a reduction in jobless claims by 14,000 to 374,000 during the week ended June 30, putting the four-week moving average at 385,750. Continuing claims, which lag initial jobless claims by one week, rose 4,000 to 3.306 million. The year commenced with initial jobless claims at 390,000 in the first week of January, the year-to-date low has been 361,000 and the latest reading is 374,000, as noted earlier. These numbers imply that there has been only a small improvement in the initial jobless claims, nothing to write home about.
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Tuesday, June 26, 2012
What's Stifling U.S. Job Creation / Economics / Employment
David Zeiler writes: Excessive government regulation and uncertainty over tax policies are what's restraining companies from hiring, former General Electric (NYSE: GE) CEO Jack Welch said on CNBC last Wednesday.
Welch joins a large number of economists and pollsters trying to sort out why the U.S. economy in 2012 hasn't rebounded more strongly from the 2008-2009 recession.
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Wednesday, June 20, 2012
Immigration Hurts American Employment / Politics / Employment
Facts mean very little in any debate about immigration north of the Rio Grande. One such example comes from a bastion of journalism, the Daily Beast. Arian Campo-Flores in an article, Why Americans Think (Wrongly) That Illegal Immigrants Hurt the Economy, cites an economist, Gordon Hanson in a 2005 paper.
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Monday, June 04, 2012
Gloomers and Doomers Still Twittering About Employment: So Why Does U.S. Exports Jobs? / Economics / Employment
Oh dear, new headlines!! Only 69,000 more jobs in May…below “expectations” so now the America is doomed!!! Told you so…I predict there will be Armageddon unless of course someone DOES something.
In fact that’s certain unless “someone” does what my pet-theory says they should do. But they probably won’t because no-one understands my true genius, so that will teach them!!
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Monday, April 23, 2012
America's Epic Jobs Failure / Politics / Employment
“Facts are to the mind what food is to the body.” – Edmund Burke
No wonder one third of Americans are obese. The crap we are shoveling into our bodies is on par with the misinformation, propaganda and lies that are being programmed into our minds by government bureaucrats, corrupt politicians, corporate media gurus, and central banker puppets. Chief Clinton propaganda mouthpiece, James Carville, famously remarked during the 1992 presidential campaign that, “It’s the economy, stupid”. Clinton was able to successfully convince the American voters that George Bush’s handling of the economy caused the 1991 recession. In retrospect, it was revealed the economy had been recovering for months prior to the election. No one could ever accuse the American people of being perceptive, realistic or critical thinking when it comes to economics, math, history or distinguishing between truth or lies. Our government controlled public school system has successfully dumbed down the populace to a level where they enjoy their slavery and prefer conscious ignorance to critical thought.
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Sunday, April 08, 2012
U.S. Job Creation Just Trying to Keep Up Wth Population Growth / Economics / Employment
Today's employment numbers were decidedly soft, but the unemployment rate went down anyway, and that is about the best you can say. And this being a holiday weekend, it provides us an opportunity to look deep into the employment numbers, while we put off thinking about Spain for at least a week. And who knew that being an unmarried Asian-American in the US was a risk for unemployment? Plus a few other interesting items will make for an interesting letter.
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Sunday, March 18, 2012
Getting Back to Full Employment, Where Will the Jobs Come From? / Economics / Employment
"Six years into our global data collection effort, we may have already found the single most searing, clarifying, helpful, world-altering fact.
"What the whole world wants is a good job.
"This is one of the most important dsicoveries Gallup has ever made. At the very least, it needs to be considered in every policy, every law, every social initiative. All leaders – policy makers and lawmakers, presidents and prime ministers, parents, judges, priests, pastors, imams, teachers, managers and CEOs – need to consider it every day in everything they do.
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Saturday, March 10, 2012
U.S. Economy is Adding Jobs, Fed Will Take a Pass at the March 13 FOMC Meeting / Economics / Employment
Civilian Unemployment Rate: 8.3% in February, unchanged from January. Cycle high jobless rate for the recent recession is 10.0%, registered in October 2009.
Payroll Employment: +227,000 jobs in February vs. +284,000 in January. Private sector jobs increased 233,000 after a gain of 285,000 in January. A net gain of 61,000 jobs due to revisions of payroll estimates of December and January.
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Wednesday, March 07, 2012
How Many New U.S. Jobs Are Necessary to Hit the Full Employment Mark? / Economics / Employment
The Federal Reserve Bank of Atlanta has created a jobs calculator which enables quick computations to answer this question. The Fed’s projection of the long-term unemployment rate is 5.2%-6.0%, published in January, and it is the jobless rate considered consistent with full employment. Let us consider these two rates and determine how many jobs have to be created each month to reach full employment. Plugging in a target of 5.2% jobless rate at the end of 48 months from today in the jobs calculator yields 188,341 (establishment survey) – 201,467 (household survey) new jobs per month as necessary to achieve this goal.
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Sunday, February 05, 2012
U.S. Employment Report Masks Depth of U.S. Jobs Crisis / Politics / Employment
President Barack Obama on Friday hailed the Labor Department’s January employment report, calling it “good news.” Speaking in Arlington, Virginia, he declared that the economy is “growing stronger” and “the recovery is speeding up.”
This supposedly “good news” will be used to justify doing nothing to seriously address the jobs crisis and proceed after the November elections with the imposition of unprecedented austerity measures that will further shred social programs for working and poor people.
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Sunday, February 05, 2012
U.S. Unemployment Rate Drops, Should You Sell Gold? / Economics / Employment
On Friday, the U.S. jobless rate dropped unexpectedly in January to 8.3 percent, the lowest level since February 2009. According to the Labor Department, the economy added 243,000 jobs. Furthermore, today’s report includes revisions adding a total of 60,000 jobs to payrolls in November and December. The Labor Department also revised December’s gains to 203,000, from an initially reported 200,000.
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Sunday, February 05, 2012
Putting Good U.S. Employment Numbers in Perspective, College Education Isn’t Enough / Economics / Employment
Everyone knows by now that the US is facing difficult choices. Depending on what assumptions you use, the unfunded liabilities of Social Security and Medicare are between $50 and $80 trillion and rising. It really doesn't matter, as there is no way that much money can be found, given the current system, even under the best of assumptions. Things not only must change, they will change. Either we will make the difficult choices or those changes will be forced by the market. And the longer we put off the difficult choices, the more painful the consequences.
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Saturday, February 04, 2012
U.S. January Employment Situation Shows Widespread Improvement, but Short of Full Employment Mandate / Economics / Employment
Civilian Unemployment Rate: 8.3% in January, down from 8.5% in December. Cycle high jobless rate for the recent recession is 10.0% registered in October 2009.
Payroll Employment: +243,000 jobs in January vs. +203,000 in December. Private sector jobs increased 257,000 after a gain of 220,000 in December. A net gain of 60,000 jobs followed after revisions to payroll estimates of November and December
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Saturday, January 07, 2012
U.S. Unemployment Drops as Employment Reports Widespread Gains, Allows Fed Breathing Space / Economics / Employment
Civilian Unemployment Rate: 8.5% in December, down from 8.7% in November. Cycle high jobless rate for the recent recession is 10.0% in October 2009.
Payroll Employment: +200,000 jobs in December vs. +100,000 in November. Private sector jobs increased 212,000 after a gain of 120,000 in November. A net loss of 8,000 jobs followed after revisions to payroll estimates of October and November.
Private Sector Hourly Earnings: $23.24 in December vs. $23.20 in November; 2.1% y-o-y increase in December vs. 1.9% gain in November.
Sunday, December 04, 2011
BubbleOmiX Predicts US Employment Will Climb By 5-Million Over Next 18-Months / Economics / Employment
The essential theory of BubbleOmix is that Ying follows Yang or in other words What Goes-Around Comes Around.
Employment in USA is a market, some people look to buy services, and interestingly 35% of companies in USA these days can’t find qualified people for the jobs they are offering (no prizes for guessing where those jobs will go). The fact that there may be a lot of unemployed (and unemployable) people doesn’t change the numbers of jobs on offer; it just changes the wages the jobs pay…slightly.
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Saturday, December 03, 2011
U.S. Labor Market is Improving, but Imminent Europe Recession Could Upset the Apple Cart / Economics / Employment
Civilian Unemployment Rate: 8.6% in November, down from 9.1% in October. Cycle high jobless rate for the recent recession is 10.1% in October 2009.
Payroll Employment: +120,000 jobs in November vs. +100,000 in October. Private sector jobs increased 140,000 after a gain of 117,000 in October. Addition of 82,000 jobs after revisions to payroll estimates of September and October
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Friday, November 11, 2011
U.S. Labor Market Small But Noteworthy Improvement / Economics / Employment
At the town hall meeting in Fort Bliss today, Chairman Bernanke stressed that the Fed is “focused intently” on job creation. He also mentioned that the United States will be affected adversely if there is a blow-up in Europe and added that the Fed stands ready to provide policy accommodation as necessary to minimize the damage.
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