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Market Oracle FREE Newsletter

Category: Employment

The analysis published under this category are as follows.

Economics

Friday, February 03, 2017

Shocking Fact in Today's US Jobs Report: Employment Stalls / Economics / Employment

By: Mike_Shedlock

Initial Reaction

Today's employment report shows a robust increase of 227,000 jobs. The good news stops there. The rest of the report was horrific.

The big news is in employment where the three-month trend worsened.

In the last three months, employment has only risen by a grand total of 33,000. Employment in January declined by 30,000. For the entire year, employment rose by only 1,548,000. The average increase from a year ago is only 129,000 per month.

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Economics

Wednesday, January 25, 2017

We Could See US Job Creation Fall off the Cliffs in the Months Ahead / Economics / Employment

By: Harry_Dent

Let’s do a quick thought experiment…

Imagine you’ve got two people in the workforce. Let’s say one is 40 and the other 65.

When both are gainfully employed, the unemployment rate is 0%. We’re enjoying full employment within the labor pool.

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Economics

Tuesday, December 13, 2016

A Closer Look at Our Recent US Employment Numbers / Economics / Employment

By: Rodney_Johnson

Last week the Bureau of Labor Statistics reported that the U.S. economy created 178,000 jobs – with 156,000 in the private sector and 22,000 in government – which is right in line with the monthly average for 2016.

But let’s dig a little deeper past the headline numbers. For years we’ve argued that there’s more to the story than just the number of jobs created. We want to know, and our economy depends on, how much money people are paid.

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Economics

Monday, December 12, 2016

The Robot Workforce is Coming - Here’s Why It's Best for Everyone / Economics / Employment

By: John_Mauldin

BY PATRICK WATSON : Every day brings a new warning: robots are coming to take our jobs. Soon we’ll all be unemployed… and unable to buy what the robots produce.

What good are robots if all they do is make stuff we can’t afford? I don’t know. But there's no doubt automation will replace some human workers—even (gasp!) writers and editors.

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Politics

Tuesday, September 06, 2016

Teen Labour, the Workforce Proves to Be Valuable Education / Politics / Employment

By: Rodney_Johnson

I lied to get my first job.

The minimum required age was 15, and I was only 13. Luckily, I was 5’ 10” at the time, so I could pass for a couple of years older. I proudly drew my first paycheck as a fry cook at the Dairy Bar, a local burger joint in Southeast Texas. I learned a lot more on the job than just how to flip burgers.

On this Labor Day, I was reminded of my days on the food line… and a celebrity hashtag theme #firstsevenjobs that began trending recently. The woman that started it listed her early employment history and many of her followers have since followed suit.

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Economics

Monday, August 15, 2016

Why Protectionism Won’t Save Unskilled Labor / Economics / Employment

By: John_Mauldin

I just read a policy paper from the German Marshall Fund of the United States. It defends the present trade model. The authors do a good job, but in the process, they describe the problem.

Take a look at this part. (I bolded a few key points.)

The global economy is no longer about making a product in one country, and shipping and selling it somewhere else. It is about complex supply chains that weave together activities all over the globe, supported by investment, technology, and skills that know no borders.

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Politics

Tuesday, August 09, 2016

The Phony U.S. Jobs Recovery / Politics / Employment

By: Dr_Ron_Paul

Last Friday saw the release of a bombshell jobs report, with headlines exclaiming that the US economy added over 250,000 jobs in July, far in excess of any forecasts. The reality was far more grim. Those "jobs" weren't actually created by businesses – they were created by the statisticians who compiled the numbers, through the process of "seasonal adjustment." That's a bit of statistical magic that the government likes to pull out of its hat when the real data isn't very flattering. It's done with GDP, it's done with job numbers, and similar manipulation is done with government inflation figures to keep them lower than actual price increases. In reality there are a million fewer people with jobs this month than last month, but the magic of seasonal adjustment turns that into a gain of 255,000.

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Economics

Monday, June 06, 2016

The Keynesians Stole The Jobs / Economics / Employment

By: Dr_Ron_Paul

Late last week the markets were shocked by a surprisingly bad May jobs report - the worst monthly report in nearly six years. The experts expected the US economy to add 160,000 jobs in May, but it turns out only 38,000 jobs were added. And to make matters worse, 13,000 of those 38,000 were government jobs! Adding more government employees is a drain on the economy, not a measure of economic growth. Incredibly, there are more than 102 million people who are either unemployed or are no longer looking for work.

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Politics

Thursday, April 14, 2016

Saving Middle-Class Jobs in America: Is It Worth $30 Socks? / Politics / Employment

By: Rodney_Johnson

My younger daughter doesn’t conform to, well, much of anything. As a very young girl she insisted on doing her own hair. She liked pony tails – lots of them – but as a four or five-year-old, she didn’t have much skill at getting them right. This meant that she often had 11 or 12 fountains of blonde hair sticking out all over her head. She was very proud.

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Economics

Thursday, March 31, 2016

Beware of March Non Farm Payrolls. They Have the Worst Record than any Other Month / Economics / Employment

By: Ashraf_Laidi

The table below shows the consistency of misses (actual figure below consensus forecasts) in March NFPs over the last three years. In fact, NFP figures for the month of March have come in below forecasts in 7 out of the last 8 March reports with an average miss of -59k.

Most strikingly & recently, last year's March report showed a 126K reading, well below consensus of 245K. Interestingly, that 129K reading was revised down to 88K one month later.

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Economics

Friday, March 04, 2016

US Jobs Report 242,000 Jobs: 304,000 Were Part-Time; Average Weekly Earnings Sank / Economics / Employment

By: Mike_Shedlock

Jobs came in well above expectations at 242,000 despite tax data collections that support a Job Growth estimate of 55,000 to 85,000 .

A quick dive into the details shows the report is a lot weaker than the headline number indicates. Of the 242,000 jobs added, 304,000 of them were part time. That means the economy actually shed 62,000 full-time jobs.

Average hours worked declined as did average weekly earnings despite minimum wage hikes in numerous states at the beginning of the year.

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Economics

Saturday, January 09, 2016

U.S.December Payrolls: ‘Back End’ Still Strong; a Closer Look / Economics / Employment

By: Gary_Tanashian

It is important to distinguish the ‘back end’ from the ‘front end’ of the economy or else all you end up with hype emanating from the financial sphere every time an economic data release comes out.  For example, I was critical of Martin Armstrong’s post, Is the recession Starting? in a rebuttal post, Armstrong 3+ Decades Late on Manufacturing because Marty’s post not only brought back some jaw droppingly old fashioned concepts about US manufacturing (JiT and automation replacing labor) but it focused only on the ‘front end’ of the economy, affirming the “ECM” in a short info-blurb.

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Economics

Wednesday, January 06, 2016

ISM a Leading Indicator of Jobs? Why 2016 Will Shock to the Downside! / Economics / Employment

By: Mike_Shedlock

ISM a Leading Indicator of Jobs?

I expect monthly jobs reports in 2016 will shock to the downside. Before I list all the reasons, here's an interesting chart that suggests manufacturing ISM is a leading indicator of jobs.

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Economics

Wednesday, December 16, 2015

UK Jobs: No Pay, No Play / Economics / Employment

By: Ashraf_Laidi

Today's release of the UK jobs figures confirms the suspicions of the doves at the Bank of England, with earnings (pay) growth continuing to decline, joblessness pushing higher for the fourth straight month even as the unemployment rate hit a fresh 7-year low of 5.2%.

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Economics

Tuesday, November 17, 2015

The Gig Economy Is the New Normal / Economics / Employment

By: John_Mauldin

An already-confusing employment environment grew even more complicated this past week. Many readers responded to my “Crime in the Jobs Report” letter with their own stories. Some confirmed what I wrote, while others disputed it. Some of the stories I read from readers who are stuck far from where they want to be in this job market were very moving. I think everyone agrees the labor outlook is uncertain. I sense a lot of nervousness, even from those who have secure jobs that pay well. In today’s letter, I’m going to respond to some of the observations and data that came in this week on employment.

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