Category: Employment
The analysis published under this category are as follows.
Saturday, June 04, 2011
U.S. Employment Situation Deteriorates as Hiring Slows and Unemployment Rate Rises to 9.1% / Economics / Employment
By: Asha_Bangalore
Civilian Unemployment Rate: 9.1% in May vs. 9.0% in April. Cycle high for recession is 10.1% in October 2009.
Payroll Employment: +54,000 in May vs. +232,000 in April. Private sector jobs increased 83,000 after a gain of 251,000 in April.
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Saturday, May 07, 2011
Jump in U.S. Payroll Employment Stands Out / Economics / Employment
By: Asha_Bangalore
Civilian Unemployment Rate: 9.0% in April vs. 8.8% in March. Cycle high for recession is 10.1% in October 2009.
Payroll Employment: +244,000 in April vs. +221,000 in March. Private sector jobs increased 268,000 after a gain of 231,000 in March. Revisions for February and March and February resulted in a net gain of 46,000 jobs in the economy.
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Friday, May 06, 2011
Don’t Be Fooled By The Jobs Report! / Economics / Employment
By: Sy_Harding
This was a week that confirmed that the economic recovery has stalled.
We knew from the previous week that economic growth (GDP) slowed to just 1.8% in the March quarter from 3.1% in the December quarter.
Saturday, April 09, 2011
Economists Shocked By Are We Really Losing Jobs to China! / Economics / Employment
By: Ian_Fletcher
There’s a nice new academic paper just out by an MIT economist and his friends that gives some hard data to back up everyone’s suspicion that the U.S. is losing jobs to China. It’s entitled “The China Syndrome: Local Labor Market Effects of Import Competition in the United States,” by David Autor, and you can download it here if you’re curious.
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Monday, April 04, 2011
U.S. Jobs Report, Take This Job And Shove It / Politics / Employment
By: James_Quinn
Barack Obama and his minions were out in force on Friday declaring that the 216,000 jobs added in February are proof of a recovering economy. The unemployment rate fell to 8.8%, down from 9.8% in April 2010. All it took was 2.8 million Americans to leave the labor force to achieve this fabulous reduction in the unemployment rate. The percentage of Americans in the labor force of 64.2% is the lowest since 1983. The employment to population ratio of 58.5% is also the lowest since 1983. These atrocious figures are after a supposed economic recovery that has been underway for the last 18 months.
Saturday, April 02, 2011
U.S. March Employment Situation, Fed Remains on Track to Complete QE2 / Economics / Employment
By: Asha_Bangalore
March Employment Situation – Although Private Sector Payroll Growth is Impressive, Fed is on Track to Complete QE Civilian Unemployment Rate: 8.8% in March vs. 8.9% in February. Cycle high for recession is 10.1% in October 2009.
Payroll Employment: +216,000 in March vs. +194,000 in February. Private sector jobs increased 230,000 after a gain of 240,000 in February. Revisions for January and Februay resulted in a net gain of 7,000 jobs in the economy.
Friday, April 01, 2011
What's a Job Good For? / Economics / Employment
By: Jeffrey_A_Tucker
Most people say that a job is good for making money. So, if you don't need money, what's the point? The fabled English aristocratic class of the late 19th and early 20th century apparently thought that way, if the caricatures painted by Jeeves and Wooster, Brideshead, and the like have any truth to them. Their main job was getting dressed and undressed. It seems like young Americans are thinking the same way.
Thursday, March 31, 2011
What is the U.S. Employment Picture in Really Saying? / Economics / Employment
By: Mike_Stathis
Jobs Data - As in previous months, the private sector accounted for all the job gains in February, with an addition of 222,000 positions, up from a mere 68,000 job additions in January. This represented the largest gain since April 2010. Does this represent a sign of recovery?
Once you examine these job additions, you will see that the trend of low-wage, low/no-benefit, dead-end jobs remains firmly intact. [1]
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Tuesday, March 08, 2011
The Wisconsin Labor Dispute, More for Me Does Not Mean Better for Us / Politics / Employment
By: MISES
In the Wisconsin labor dispute, now increasingly spreading nationwide, I have lost count of the times union defenders have justified their position based on little more than the assertion that some union benefitted them or some member of their family — followed by the conclusion that all Americans must therefore gain. Unfortunately, that "logic" is invalid. A policy that gives me more does not mean the result is better for us. And the primary effect of unions and union-backed policies is to harm the vast majority of Americans.
Sunday, March 06, 2011
More U.S. Jobs Mirage / Economics / Employment
By: Paul_Craig_Roberts
The announcement on March 4 that 192,000 new jobs were created in February was greeted with a sigh of relief. But the number is just more smoke and mirrors, as I will show shortly. First, let’s pretend the jobs are real. What areas of the economy produced the jobs?
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Saturday, March 05, 2011
U.S. February Employment Situation, Consistent Message of Improvement But Inadequate to Terminate QE2 / Economics / Employment
By: Asha_Bangalore
Civilian Unemployment Rate: 8.9% in February vs. 9.0% in January. The unemployment rate was 5.0% in December 2007 when the recession commenced. Cycle high for recession is 10.1% in October 2009 and the cycle low (for the expansion that ended in December 2007) is 4.4% in March 2007.
Payroll Employment: 192,000 in February vs. +63,000 in January. Private sector jobs increased 222,000 after a gain of 68,000 in January. Revisions for October and November resulted in a net gain of 58,000 jobs in the economy.
Friday, March 04, 2011
1 In 5 Workers Are Underemployed, What is Capitalism? / Politics / Employment
By: Chris_Kitze
Decline of the Empire writes: The Bureau of Labor Statistics (BLS) redefined the "official" jobs reality today, as it does every month. The BLS provides the data Americans incapable of thinking outside the box will cite over and over to reassure themselves and any remaining doubters that the economic "recovery" is on track, though that recovery been a bit slower than the True Believers would like to see.
Thursday, January 20, 2011
Job-Killing Labor Costs and the Manufacturing Sector / Economics / Employment
By: MISES
Christopher Westley writes: If there is one issue that pops up again and again in my conversations about economics with interested noneconomists, it is manufacturing.
There's a genuine concern about the state of manufacturing in the United States, and I am not sure of the reason why. It could be that there is an inchoate sense that manufacturing is dying here, given that so many of our popular-consumption goods seem to be made overseas. Then there is the issue of the trade deficit, which is generally reported on in the mainstream media in a manner that is irresponsible, uninformed, or both.
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Sunday, January 09, 2011
Number of Discouraged American Workers Hit Record High: QE3 = A Matter of When / Economics / Employment
By: Dian_L_Chu
The latest U.S. Labor Department data indicated that non-farm payroll added 103,000 jobs in December, which is far short of expectation, but the unemployment rate somehow managed to fall sharply to 9.4% (from 9.8% in November) far exceeding expectation.
Saturday, January 08, 2011
December Employment Report – Slow Pace of Hiring Supports Fed’s Accommodative Stance / Economics / Employment
By: Asha_Bangalore
Civilian Unemployment Rate: 9.4% in December vs. 9.8% in November. The unemployment rate was 5.0% in December 2007 when the recession commenced. Cycle high for recession is 10.1% in October 2009 and the cycle low (for the expansion that ended in December 2007) is 4.4% in March 2007.
Saturday, December 04, 2010
U.S. November Employment Situation Supports Fed QE2 Program / Economics / Employment
By: Asha_Bangalore
Civilian Unemployment Rate: 9.8% in November, held between 9.5% and 9.6% for five straight months. The unemployment rate was 5.0% in December 2007 when the recession commenced. Cycle high for recession is 10.1% in October 2009 and the cycle low (for the expansion that ended in December 2007) is 4.4% in March 2007.
Payroll Employment: 39,000 in November vs. +172,000 in October. Private sector jobs increased 50,000 after a gain of 160,000 in October. Revisions for September and October resulted in a net gain of 38,000 jobs in the economy and 6,000 jobs in the private sector.
Wednesday, November 17, 2010
Six Million Benefit Paying Jobs Vanish in One Year! / Economics / Employment
By: Mike_Shedlock
Analysis of weekly unemployment data and covered employees shows that 5,977,844 benefit paying jobs have been lost in the last year.
Thursday, October 28, 2010
U.S. Employment is Main Focus of Fed QE Policy / Economics / Employment
By: Asha_Bangalore
The Fed is widely expected to announce the details of the second round of QE (quantitative easing) following its 2-day meeting ending on November 3. There are more questions than answers about the nature of QE2 at the present time. Let's start with QE1 to put things in perspective; QE1 was in place from December 2008 to March 2010. The Fed purchased a sum of $1.725 trillion worth of agency bonds ($175 billion), mortgage-backed securities ($1.25 trillion) and Treasury securities ($300 billion). The outcome was a larger Fed balance sheet reaching $2.3 trillion as of March 2010 (see chart 1).
Thursday, October 28, 2010
Globalization Creates Unemployment, American Job Losses Are Permanent / Politics / Employment
By: Paul_Craig_Roberts
Now that a few Democrats and the remnants of the AFL-CIO are waking up to the destructive impact of jobs offshoring on the US economy and millions of American lives, globalism’s advocates have resurrected Dartmouth economist Matthew Slaughter’s discredited finding of several years ago that jobs offshoring by US corporations increases employment and wages in the US.
Tuesday, October 19, 2010
New Challenges to the U.S. Employment Problem / Politics / Employment
By: Hans_Wagner
The view of the employment numbers for September gives the impression that the economy is improving. The private sector is adding jobs even as the government reduces employment as census workers end their assignments. Looking deeper, the employment situation faces new challenges from state and local governments dealing with their revenue short falls.