Category: Employment
The analysis published under this category are as follows.
Monday, May 13, 2013
U.S. Jobs Crisis - Skills, Education, and Employment / Economics / Employment
By: John_Mauldin
"The large shortfall of employment relative to its maximum level has imposed huge burdens on all too many American households and represents a substantial social cost. In addition, prolonged economic weakness could harm the economy's productive potential for years to come. The long-term unemployed can see their skills erode, making these workers less attractive to employers. If these jobless workers were to become less employable, the natural rate of unemployment might rise or, to the extent that they leave the labor force, we could see a persistently lower rate of labor force participation." - Janet L. Yellen, Vice-Chair, US Federal Reserve, March 4, 2013
Monday, May 06, 2013
April U.S. Jobs Report Begins to Show the Signs of the "Obamacare Effect" / Economics / Employment
By: Money_Morning
Diane Alter writes: Economists breathed a sigh of relief when the Labor Department reported a better than expected April employment report on Friday, but the details show cracks still remain.
Many of the job gains proved to be in lower paying fields and the average number of hours worked dipped.
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Sunday, April 21, 2013
The Price of Employment is Wrong – and So is Krugman / Economics / Employment
By: William_Anderson
Every once in a while, Paul Krugman gives an object lesson in Keynesian economics and his M.O. generally is as follows:
- create a caricature of other points of view which is built on faulty assumptions and outright misrepresentations of the real position
- discredit that phony caricature
- claim victory
Friday, April 19, 2013
Obamacare's War on Full-Time Jobs Will Sucker Punch Economy / Politics / Employment
By: Money_Morning
David Zeiler writes: Obamacare's rules regarding hours worked and employer-sponsored healthcare coverage have entire industries looking at cutting down on their number of full-time employees in favor of more part-time employees.
Large industries affected include hotels, restaurants and retailers, as well as small businesses of all stripes.
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Monday, April 08, 2013
The Real U.S. Unemployment Rate is 13.9% / Economics / Employment
By: Money_Morning
Employers added just 88,000 jobs in March, according to the U.S. jobs report released Friday, hiring at the slowest pace since June 2012.
The number was a huge miss. Analysts expected a gain of 200,000.
"We all over shot it," Austan Goolsbee, former chairman of the Council of Economic Advisors in U.S. President Barack Obama's first administration, said on CNBC. "This is a punch to the gut. I mean, this is not a good number."
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Sunday, April 07, 2013
U.S. Non Farm Payrolls Report - Interesting Seasonality Factors / Economics / Employment
By: Jesse
As you may recall, the raw input into the Non Farm Payrolls report is the actual count of jobs which the BLS compiles.
To this number the BLS adds the output of the Birth-Death Model, which is their estimate of Jobs lost and created by new businesses not included in the report.
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Wednesday, March 27, 2013
Don't Bother Raising The Minimum Wage / Politics / Employment
By: Jeff_Berwick
Gary Gibson writes: Elizabeth Warren just realized that the minimum wage should be $22 if it had kept up with economic growth. She suspects in her tender, socially conscious heart that greedy employers have been shafting the lowest level employees. But she's laying her suspicions on the wrong bunch of people. She might want to read up on the currency debasement of the central bank, the command economy vampire that sits at the center of America's supposedly free market economy.
Saturday, March 09, 2013
Spoiling the Great U.S. Employment News / Politics / Employment
By: Mike_Shedlock
This article originally appeared on MarketWatch under the title Jobs numbers are far worse than they look.
I selected my title from a humorous comment on MarketWatch by reader "Homer Price" who writes "Mike, What are you doing ? Trying to spoil the GREAT EMPLOYMENT news. Just wait until next year when the Unaffordable Care Act kicks in. THE BEST IS YET TO COME ............................. "
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Saturday, March 09, 2013
Here Is What Investors Need To Realize After The Terrific Jobs Report! / Economics / Employment
By: Sy_Harding
Friday’s employment report confirmed the extent of the economic recovery from the Great Recession of 2008-2009.
We’ve already seen the two main driving forces of the economy, autos and housing, leading the way. U.S. auto sales bottomed in 2009 with only 10.4 million units sold, and have seen impressive growth since to the current annualized pace of 15 million units, almost back to pre-recession levels. Home sales and prices bottomed last year and have been recovering at a surprising pace since.
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Friday, March 08, 2013
What to Expect from February U.S. Jobs Report / Economics / Employment
By: Money_Morning
Diane Alter writes: Expect a disappointing jobs report for February thanks to higher taxes and sequestration fears that put companies' hiring plans on hold last month.
Economists expect nonfarm payrolls to show a gain of 160,000 jobs in February, with the unemployment rate holding steady at 7.9%, when the Labor Department releases the February jobs report tomorrow (Friday) at 8:30 a.m.
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Thursday, January 17, 2013
America's Un(der)employed Youth, The Man with the Broom... / Politics / Employment
By: Don_Miller
One of the greatest joys of writing Miller's Money Weekly and our premium publications is working with Alex Daley, Casey Research's resident technology guru, who also wears many other hats. While I can walk and chew gum, Alex can also whistle and juggle.
I've never reported to someone considerably younger than I am. What a treat! We are different in so many ways: I have a black book, he has a cell phone; my appointments are written on my big desk pad and his are programmed into his cell phone. You get the picture.
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Tuesday, December 11, 2012
Global Employment Condition Gives Central Banks More Ammo / Economics / Employment
By: Michael_Pento
The prevailing wisdom currently on Wall Street is that gold and commodity stocks will go nowhere next year because interest rates are about to rise in real terms. For instance, last week Goldman Sachs cut its 12-month gold-price forecast by 7.2%. The precious metal "is near an inflection point," according to the firm. And while the metal may rally slightly in 2013, a growing U.S. economy and a gradual rise in real interest rates may send investors towards other investments, their analysts said.
Monday, December 10, 2012
McJobs, Why You Shouldn’t Get Too Excited About the U.S. Jobs Picture / Economics / Employment
By: InvestmentContrarian
George Leong writes: The labor picture remains precarious. On one hand, Citigroup, Inc. (NYSE/C) announced it was cutting 11,000 jobs worldwide, as the financial services sector continues to be hard hit; while on the other hand, Apple Inc. (NASDAQ/AAPL) announced it would produce at least one of its computer products in the United States.
Wall Street was relieved last Friday after the much-anticipated jobs readings offered much-needed hope that job creation in America continues to be on track.
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Friday, December 07, 2012
U.S. Labor Market – One Step Forward, Two Steps Back / Economics / Employment
By: Andy_Sutton
Just when you think things can’t get any more ludicrous or obscene in terms of insulting the truth, out comes the BLS with its monthly jobs numbers. I’m going to break those down in a minute. But wait! There’s much more. We’ve got the fed, which had been promising to raise rates starting in 2010, then 2011, then ’12, and now they’re all the way out in 2015. Double that for the monetization (not just asset purchases). Those programs were supposed to be exited, starting this year. Now those exit plans are going to be redrawn. I’d say at this point they should just drop the charade.
Monday, November 05, 2012
U.S. Jobs Report and Hourly Earnings / Economics / Employment
By: Ian_R_Campbell
While on Friday the U.S. Jobs Report said that 171,000 net new jobs were created in October, that report which you can access here, and other reports say: