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Category: Employment

The analysis published under this category are as follows.

Economics

Wednesday, August 20, 2014

AI, Robotics, and the Future of Jobs / Economics / Employment

By: John_Mauldin

This past week several reports came across my desk highlighting both the good news and the bad news about the future of automation and robotics. There are those who think that automation and robotics are going to be a massive destroyer of jobs and others who think that in general humans respond to shifts in employment opportunities by creating new opportunities.

As I’ve noted more than once, in the 1970s (as it seemed that our jobs were disappearing, never to return), the correct answer to the question, “Where will the jobs come from?” was “I don’t know, but they will.” That was more a faith-based statement than a fact-based one, but whole new categories of jobs did in fact get created in the ’80s and ’90s.

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Economics

Tuesday, August 12, 2014

Not As Much Labor Force Slack as Yellen Believes / Economics / Employment

By: EconMatters

Fed Moving Targets

The Fed keeps moving their targets when they originally thought it was a good idea to provide forward guidance for markets, then when that guidance was met, they started moving the targets in order to justify pumpingmore liquidity and stimulus into the financial system for the benefit of the Big Banks.

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Economics

Thursday, July 03, 2014

Jobs Report Not as Positive for the Economy as Some Think / Economics / Employment

By: Sy_Harding

The jobs report for June was super good news. There were 288,000 new jobs created, and the unemployment rate dropped from 6.3% to 6.1%. The consensus forecast was for only 215,000 new jobs.

On the negative side, analysts are warning that with the economy accelerating so strongly, the Federal Reserve will have to begin raising interest rates sooner than expected to prevent the economy from over-heating and creating excessive inflation.

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Economics

Wednesday, July 02, 2014

U.S. Jobs Optimism Bias Squared / Economics / Employment

By: Raul_I_Meijer

Oh yeah, sure, optimism is oozing from every single one of America’s pores. Or so they’ll have you believe. 281,000 new jobs says the ADP report, most since December 2012. Of which small business added 117,000 and medium sized business 115,000. And the media are just besides themselves with joy. Shame that the markets react lukewarm at best. Then again, they do better the worse the news gets, all they reflect anymore these days is the level of distortion and convolution that they obey (or is that the other way around?).

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Economics

Tuesday, June 10, 2014

U.S. Employment Exceeds Pre-Recession Peak, but Hold the Cheers… / Economics / Employment

By: Money_Morning

Diane Alter writes: The May jobs report had the potential to pass for decent, but then we looked at the labor force participation rate...

Employers added 217,000 jobs in May, leading the labor market to the milestone of recovering all the jobs lost at the depths of the Great Recession. The unemployment rate, meanwhile, remained flat at 6.3%, the U.S. Labor Department reported Friday. Both figures were in line with consensus forecasts of a 220,000 gain and an unchanged rate.

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Economics

Sunday, June 08, 2014

More Phantom U.S. Jobs Created–All In The Wrong Places / Economics / Employment

By: Paul_Craig_Roberts

Education is not the answer

Last April I saw a report that 83% of May’s college graduates did not have a job. I remarked that in my day most of us had 2 or 3 job or graduate school offers before we graduated. The latest payroll jobs report issued on June 6 proves that the April report was true.

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Economics

Saturday, June 07, 2014

U.S. Civilian Labor Force, Unemployment Claims and Recession Risk / Economics / Employment

By: PhilStockWorld

Courtesy of Doug Short: Every week I post an update on new unemployment claims shortly after the BLS report is made available. My focus is the four-week moving average of this rather volatile indicator. The financial press generally takes a fairly simplistic view of the latest number, and the market often reacts, for a few minutes or a few hours, to the initial estimate, which is always revised the following week.

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Economics

Friday, May 30, 2014

The U.S. Jobs Market is Gaining Traction / Economics / Employment

By: EconMatters

Claims Data

The Jobless claims data came out on Thursday and the trend is still in place and bodes well for the May Employment Report coming out next Friday as jobless claims fell sharply in the May 24 week, down 27,000 to 300,000. The 4-week average is down a significant 11,250 to a new recovery low of 311,500. Continuing claims are also down, falling 17,000 in data for the May 17 week to a new recovery low of 2.631 million. The 4-week average is down 33,000 to 2.655 million, also a recovery low. The unemployment rate for insured workers, also at a recovery low, came in at 2.0 percent. Notice a pattern here, new recovery low, new recovery low, and new recovery low.

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Economics

Monday, May 12, 2014

U.S. Employment - The Bed-Pan Economy / Economics / Employment

By: Fred_Sheehan

Data portrayed in the "Employment in Total Non-Farm" payroll (NFP) chart is used by central bankers and Wall Street strategists to assert economic strength. They either think the trend demonstrates morning in America, or, they know otherwise, but cannot fashion anything better.

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Economics

Sunday, May 04, 2014

Inside the Latest U.S. Jobs Report - Nonfarm Payrolls +288,000, Unemployment Rate Drops to 6.3%... / Economics / Employment

By: Mike_Shedlock

Initial Reaction

This month sported another amazing difference between the household survey and the payroll survey. The difference is so vast that looking at the numbers in isolation, one might think the results were from two different countries.

The headline number from the payroll survey beat expectations by a mile with 288,000 jobs, but beneath the surface, the household survey shows employment declined by 73,000.

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Economics

Friday, May 02, 2014

Non-Farm Friday – U.S. Economy Is Not Working / Economics / Employment

By: PhilStockWorld

When is a job not a job?

When the job sucks! We've all had crappy jobs in our lives – something we stay in to pay the bills but has no chance of being a career. As you can see from the chart on the right, a lot of career Government jobs have disappeared over the past 4 years – the kind of jobs that held advancement and retirement and health benefits.

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Politics

Wednesday, April 30, 2014

Technology and the Future of Jobs / Politics / Employment

By: BATR

Quite a stir occurred with the academic presentation, How Technology Is Destroying Jobs, by Brynjolfsson, a professor at the MIT Sloan School of Management, and his collaborator and coauthor Andrew McAfee. Both "have been arguing for the last year and a half that impressive advances in computer technology—from improved industrial robotics to automated translation services—are largely behind the sluggish employment growth of the last 10 to 15 years. Even more ominous for workers, the MIT academics foresee dismal prospects for many types of jobs as these powerful new technologies are increasingly adopted not only in manufacturing, clerical, and retail work but in professions such as law, financial services, education, and medicine."

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Politics

Friday, April 11, 2014

Limits to Employment Participation, and Societal Change / Politics / Employment

By: Submissions

Raymond Matison writes: Ever since the calamitous financial meltdown in 2008, economists, market analysts, and media pundits persistently have envisioned an economic recovery, with an attendant increase in employment.  However, critics maintain that such a recovery has never really occurred – prompting the pundit response that ours is a jobless recovery.  Recently, President Obama promoted raising the minimum wage, and increasing payment for overtime work, as a means to help provide a higher wage for workers.  This effort is good politics, but is not really a sound bureaucratic practice.  The direction and future of unemployment is easy to see, as is the future employment participation rate, and the resulting direction of national income.  Globally embedded, strategic economic trends are more powerful than presidential edict and the Federal Reserve Bank, and so economics will trump central planning.  This article discusses a possible outcome of these trends. 

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Economics

Saturday, February 08, 2014

Ominous Looking Picture in U.S. Healthcare and Education Jobs / Economics / Employment

By: Mike_Shedlock

Month in, month out, recession or not, there has been a strong uptick in the number of healthcare and education jobs. Until now. A few charts will show what I mean.

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Economics

Saturday, February 08, 2014

Chronic U.S. Employment Data Conflict: Establishment versus Household Surveys / Economics / Employment

By: PhilStockWorld

Courtesy of Doug Short: Yesterday’s employment report again highlights an ongoing conflict between the jobs number in the Establishment Survey versus the roughly comparable data in the Household Survey. The Nonfarm Payrolls of the former came it at a disappointing 113K new jobs — well off the consensus forecasts for 185K or more. In contrast, the Household Survey reported a 638K increase in civilian employment age 16 and over, a number that gets trimmed to 616K after the BLS applies its “annual adjustment to the population controls.” Business Insider, not surprisingly, picked up on this oddity with the headline “By One Measure, This Was A Stupendous Jobs Report“.

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