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Category: Employment

The analysis published under this category are as follows.

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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Politics

Friday, February 07, 2014

Non-Farm Friday – Is America Working? / Politics / Employment

By: PhilStockWorld

I F'ing give up!!!  

I try my best to make people aware of the ridiculous BS that goes on behind the scenes in the halls of power.  I try to help people understand the way Big Business manipulates our Government, the same way the Banksters and Billionaires manipulate the markets. In short – we explore the dark side of Capitalism as having a realistic outlook helps us make better trading decisions.  

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Politics

Sunday, February 02, 2014

Kill the Minimum Wage and Give Teens a Future / Politics / Employment

By: LewRockwell

G. Joseph McLiney writes: Business owners know when a product is not selling, regardless of whether it’s apples or automobiles, they must lower the price.

Sometimes they’re forced to cut it severely and take a loss. Most reasonable people would contend that it’s a right of the owner to sell his product at whatever level the owner determines is in his best interest.

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Economics

Friday, January 31, 2014

For Europe’s Youth, Minimum Wages Means Minimal Employment / Economics / Employment

By: Steve_H_Hanke

Yesterday, in the wake of Tuesday’s State of the Union address, I poured cold water on President Obama’s claim that a hike in the minimum wage for federal contract workers would benefit the United States’ economy, pointing specifically to unemployment rates in the European Union. The data never lie: EU countries with minimum wage laws suffer higher rates of unemployment than those that do not mandate minimum wages. This point is even more pronounced when we look at rates of unemployment among the EU’s youth – defined as those younger than 25 years of age.

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Economics

Tuesday, January 14, 2014

Job Exclusion in America: What Caused Crash In the Labor Participation Rate? / Economics / Employment

By: Washingtons_Blog

Workers May Simply Be Giving Up

Zero Hedge notes that the number of Americans in the labor force has dropped to 1978 levels:

The civilian labor force … dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.

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Economics

Tuesday, January 14, 2014

U.S. Nonfarm Payroll: A 50-Year Perspective / Economics / Employment

By: PhilStockWorld

Courtesy of Doug Short: Friday’s employment report generated a surge of economic commentaries focused on the unexpectedly low 74K increase in Nonfarm Employment. Forecasters were looking a number closer to 200K. The blogosphere exploded with a range of opinions, the more dramatic of which spoke of the “huge miss” in new jobs.

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Politics

Sunday, January 12, 2014

Alleged U.S. Economic Recovery: No Jobs For Americans / Politics / Employment

By: Paul_Craig_Roberts

The alleged recovery took a direct hit from Friday’s payroll jobs report. The Bureau of Labor Statistics reported that the economy created 74,000 net new jobs in December.

Wholesale and retail trade accounted for 70,700 of these jobs or 95.5%. It is likely that the December wholesale and retail hires were temporary for the Christmas shopping season, which doesn’t seem to have been very exuberant, especially in light of Macy’s decision to close five stores and lay off 2,500 employees. It is a good bet that these December hires have already been laid off.

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Economics

Sunday, January 12, 2014

Worst US Jobs Report in Three Years shatters Claims of Economic Recovery / Economics / Employment

By: Global_Research

Andre Damon writes: The US employment report for December, released Friday by the Labor Department, is a shattering exposure of the Obama administration’s claims that the US economy is in the midst of a recovery.

Just one day before, in announcing his “economic promise zones,” Obama had touted the so-called recovery, insisting, in the face of widespread disbelief among working people, that it was “real.” (See “Obama’s phony campaign against inequality”).

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Stock-Markets

Saturday, January 11, 2014

U.S. Jobs Report Rained On New Fed Chair Yellen’s Honeymoon Period / Stock-Markets / Employment

By: Sy_Harding

Once again, the Labor Department’s monthly employment report lived up to its reputation of providing a surprise in one direction or the other.

The economy created only 74,000 new jobs in December compared to the consensus forecast for 200,000.

No one saw that coming, and the bull/bear debates over what it means have begun.

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Politics

Friday, January 10, 2014

Puzzling and Worrisome U.S. Jobs Data Says El-Erian / Politics / Employment

By: Bloomberg

PIMCO CEO and co-CIO Mohamed El-Erian and Jason Furman, Chairman of the U.S. Council of Economic Advisors, appeared on Bloomberg Television today to discuss the jobs report. El-Erian told Betty Liu that today's jobs report is "somewhere between puzzling and worrisome."

Furman said, "This is a recovery that is continuing, there's going to be volatility from month to month, but you're seeing an economy that overall continues to strengthen."

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Economics

Friday, January 10, 2014

U.S. Jobs Report – To Work or Not to Work, That is the Economic Question / Economics / Employment

By: PhilStockWorld

We're waiting on the Jobs Report.

I don't think it's going to matter, whether or not we employed more or less than the expected 200,000 new people in December doesn't matter as much as what we had to pay them. Hourly earnings are, so far, up 0.2% for the year and the average work-week for "employed" people is 34.5 hours and that's GOOD news for Corporation, who are spending 15% less per worker than they did in 2005.

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Economics

Tuesday, December 10, 2013

Why Last Month’s Employment Numbers Should Worry Investors / Economics / Employment

By: Profit_Confidential

Michael Lombardi writes: Finally some good news in the U.S. jobs market?

The Bureau of Labor Statistics (BLS) reported Friday that, in November, 203,000 jobs were added to the U.S. jobs market. As a result, the unemployment rate went down to 7.0% from 7.3% in October. In addition to this, the BLS also revised the job numbers from October and September, saying 20,000 more jobs were created than previously reported. (Source: Bureau of Labor Statistics, December 6, 2013.)

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Economics

Sunday, December 08, 2013

Enormous Discrepancy Between U.S. Jobs and Employment / Economics / Employment

By: Mike_Shedlock

Now that employment distortions related to the government shutdown in October are behind us, let's take a detailed look at the recent and growing discrepancy between jobs as reported on the establishment survey and employment as reported on the household survey.

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