Category: Employment
The analysis published under this category are as follows.
Saturday, June 05, 2010
U.S. Real Jobs Only Increase by 20,000, Unemployment Dips to 9.7% / Economics / Employment
By: Mike_Shedlock
This morning the BLS reported an increase of 431,000 jobs. 411,000 of those jobs were temporary workers for Census 2010. Headline unemployment fell .2% to 9.7%.
Hidden beneath the surface the BLS Black Box - Birth Death Model added 215,000 jobs.
Friday, June 04, 2010
What Do the ADP Employment Reports and CDO2s Have in Common? / Economics / Employment
By: Paul_L_Kasriel
The ADP National Employment Report estimate for May is an increase in private nonfarm payrolls of 55,000. Before revision, the April ADP estimated an increase in private nonfarm payrolls of 32,000, subsequently revised to an increase of 65,000. (Why does ADP revise its data? Does not the company know with certainty how many payrolls it processed in a month?) The first guess by the BLS for April private nonfarm payrolls was 231,000.
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Thursday, May 20, 2010
The Declining Value of Work / Politics / Employment
By: Pravda
One of the great joys that men in free societies have long enjoyed is the ability to earn an honest wage for an honest day of work. In particular, the amazing capitalist engine that powered the U.S. economy for decade after decade greatly rewarded the incredible hard work and industriousness of the American people. America was known as the land of opportunity, and we built the largest middle class in the history of the world by working incredibly hard. But today, all of that is fundamentally changing. Thanks to rapid advances in technology, and thanks to the globalization of the work force, the labor of American workers is rapidly losing value. Automation, robotics and computers have made many jobs obsolete.
Tuesday, April 27, 2010
"Crowd-Sourcing" IBM to Cut 3/4 of its Permanent Staff by 2017? / Politics / Employment
By: Mike_Shedlock
Computer Weekly and its sister publication, Personnel Today, claim IBM crowd sourcing could see employed workforce shrink by three quarters
Tuesday, April 13, 2010
The U.S. Employment Outlook: Bad For Paychecks, Good For U.S. Stocks / Economics / Employment
By: Money_Morning
Jon D. Markman writes:
You undoubtedly know by now that the U.S. economy added 164,000 jobs in March. While that was the best number in ages, anyone who looked closely at the payrolls report issued by the U.S. Labor Department would discover that it was actually riddled with problems.
Tuesday, April 13, 2010
IBM Abandons U.S. Workers / Economics / Employment
By: Mike_Shedlock
Here is an Email from "Voice in the Dark" about IBM and outsourcing. VID writes ...
Tuesday, April 13, 2010
How to Manufacture an Economic Recovery / Economics / Employment
By: Graham_Summers
Last Friday the Bureau of Labor Statistics (BLS) announced that for the month of March, employers added 162,000 jobs. This would be fantastic news… if it were true.
Let’s have a look at these 162,000 jobs.
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Tuesday, April 06, 2010
Job Creation, Stupid Is as Stupid Does / Politics / Employment
By: Richard_C_Cook
No one can seriously doubt that the huge amounts of borrowed federal dollars poured into the economy since Barack Obama became president has prevented even more jobs from being lost than might otherwise have been the case in the current devastating recession. It’s impossible, however, to come up with a “real” number, because no economist has a good enough handle on matters to sort out all the variables at play, including readjustments due to the fall of housing prices, low interest rates, a slightly improved export environment, rebounding of depleted inventories, new highway construction resulting from stimulus spending, etc. Still, let’s look at some facts about the current so-called “recovery”:
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Friday, April 02, 2010
U.S. Jobs Increase by 136,000, Unanswered Questions About Seasonality / Economics / Employment
By: Mike_Shedlock
This morning the BLS reported an increase of 136,000 jobs. Headline unemployment was unchanged at 9.7%. Before diving into the numbers let's look at a couple questions from a live Q&A session. The BLS took questions in advance.
Tuesday, March 09, 2010
Unlocking the Jobs Dilemma / Economics / Employment
By: John_Browne
Productive, private-sector jobs - the lifeblood of a sound economy - are under assault by politicians in the United States and Western Europe, who have unwittingly taken a number of steps that make future job losses a foregone conclusion.
Friday, March 05, 2010
U.S. Jobs Contract by 36,000; Unemployment Rate Steady at 9.7% / Economics / Employment
By: Mike_Shedlock
Today the BLS reported 36,000 job losses with the unemployment rate holding at 9.7%. Before diving into the numbers let's analyze the snow job ahead of the report.
Speaking before Congress, Fed Chairman Ben Bernanke harped about snow, warning policymakers will "to be careful about not overinterpreting" the upcoming data." In the wake of that warning, economists busily upped their projections for job losses in February, some by as much as 220,000 jobs.
Sunday, February 28, 2010
For 15 Million Unemployed Any Job is a Good Job / Economics / Employment
By: Mike_Shedlock
Let's take a look at the employment situation and prospects for jobs starting with the cold hard numbers as they exist today. Please consider the following grim unemployment statistics.
Thursday, February 04, 2010
Davos, Jobs are Families / Economics / Employment
By: Pravda
Let us spell a message to the Davos World Economic Forum before it gathers next week: Jobs are families. As unemployment rates reach record levels there can be no doubt that the current monetarist-market-oriented economic model contains vectors which create endemic instability, engender extreme instability in the labour market and send families lurching from one crisis to the next in a boom-and-bust climate. Perhaps the economists at Davos can do what they are paid for: produce an alternative that works.
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Thursday, February 04, 2010
Does Anyone in Washington Know What Needs to Be Done to Create Jobs? / Economics / Employment
By: Paul_L_Kasriel
This is a question that I often get as I speak to groups around the country. Based on the ADP monthly survey of employment, small- and medium-sized firms (less than 500 employees each) are the fount (or black hole, as of recent months) of jobs in the U.S. economy (see Chart 1).So, rather than asking Washington career politicians what it takes to create more jobs, why don't we poll small businessmen and businesswomen?
Friday, January 29, 2010
We Can Have Zero Unemployment, Virtually Overnight / Economics / Employment
By: LewRockwell
All this talk of unemployment is preposterous. Think of it. We live in a world with lots of imperfections, things that need to be done. It has always been so and always will be so. That means that there is work to be done, and therefore always jobs. The problem of unemployment is a problem of disconnect between those who would work and those who would hire.
Wednesday, January 27, 2010
Where Will US Job Growth Come From? / Economics / Employment
By: James_Quinn
Despite the Federal Reserve’s extraordinary printing and the U.S. Government’s extraordinary spending measures during the last twelve months, it looks like the only job categories with growth potential are printing press operator, ditch diggers, ditch fillers, whatever they call the guys handing out trillions in government largesse, Treasury Department comedians tickling Chinese funny bones by saying they favor a strong U.S. dollar and people installing Stimulus signs at highway projects.Read full article... Read full article...
Tuesday, January 19, 2010
Unions ask for "Universal Jobs Guarantee" Guaranteed Employment / Economics / Employment
By: Mike_Shedlock
Here's a solution for the unemployment problem from the UK that will likely have your head spinning: If you are out of work for an extended period of time, the government gives you a job. It's called "Universal Jobs Guarantee".
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Thursday, January 07, 2010
U.S. Jobs May Rebound In 2010, But Unemployment ? / Economics / Employment
By: Mike_Shedlock
The USA Today says Jobs May Rebound In 2010.
The article has some very nice interactive graphs showing state by state forecasts. The charts below that I copied are not interactive.
Monday, November 16, 2009
What Bernanke's Economic Recovery Means for U.S. Jobs / Economics / Employment
By: Mike_Shedlock
Earlier today, At the Economic Club of New York, Fed Chairman Ben Bernanke gave his Outlook for the Economy and Policy.
His speech contains much self-serving claptrap about how Federal Reserve policy save the day. Nowhere has the Fed admitted its role in creating the mess.
Wednesday, October 21, 2009
Jobs Will Not Return Until 2017 / Economics / Employment
By: Mac_Slavo
A recent report from Rutgers University says it could take seven years to recover from recession.