Category: EmploymentThe analysis published under this category are as follows.
Sunday, December 08, 2013
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.Read full article... Read full article...
Tuesday, November 12, 2013
Diane Alter writes: Despite worries the 16-day government shutdown would weigh on job growth, the October jobs report was surprisingly strong.
That's what the government is reporting, anyway...
According to the Labor Department numbers released today (Friday), employers increased headcount by 204,000 in October, handily beating the 120,000 many economists expected. The government report also showed revisions to late summer numbers, revealing an extra 60,000 jobs total were created in August and September.Read full article... Read full article...
Monday, November 11, 2013
For over four years now, the mainstream media continues to parrot the Federal Reserve’s assertion that QE is in fact a monetary tool that will create jobs.
This assertion overlooks Japan, where QE efforts equal to over 25% of GDP have failed to improve the unemployment situation significantly, as well as the UK where QE efforts equal to over 20% of GDP have proven similarly ineffective.
Sunday, November 10, 2013
Is offshore outsourcing good or harmful for America? To convince Americans of outsourcing’s benefits, corporate outsourcers sponsor misleading one-sided “studies.”
Only a small handful of people have looked objectively at the issue. These few and the large number of Americans whose careers have been destroyed by outsourcing have a different view of outsourcing’s impact. But so far there has been no debate, just a shouting down of skeptics as “protectionists.”
Saturday, November 09, 2013
Did new small business jobs creation boom in October during the government shutdown/default crisis?
Well, you might think so by looking at the Bureau of Labor Statistics 'Birth-Death' model report contained in today's October Non-Farm Payrolls Report.
According to the Birth Death Adjustment there were 126,000 jobs added in October. And what an October it was apparently. These are the most new jobs added for any October going back to 2003, which is as far back as my own spreadsheet goes.
Thursday, November 07, 2013
China-US Wealth Transfer
There are usually unintended consequences from paradigm shifts, and the outsourcing paradigm of the last 25 years has been no exception. Where do you think all that wealth responsible for building all those cities in China came from? The United States, European and other developed countries of the world, think of it as a vast wealth transfer from the richer nations to the poorer nations mainly on the backs of the ‘middle of the bell curve’ in terms of jobs.Read full article... Read full article...
Thursday, October 24, 2013
Courtesy of Doug Short: The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor Force (people age 16 and over employed or seeking employment) and divide it by the Civilian Noninstitutional Population (those 16 and over not in the military and or committed to an institution). The result is the participation rate expressed as a percent.
The first chart below splits up the LFPR data since 1948 in two ways: by age and by gender. For the former, I chose the 25-64 age cohorts to represent what we traditionally think of as the “productive” (pre-retirement age) work force. The BLS has data for ages 16 and over, but across this 64-year time frame college attendance has surged dramatically. So I opted for age 25 as the lower boundary to reduce the college-years skew.Read full article... Read full article...
Wednesday, October 23, 2013
The sluggish hiring pace visible in the September employment report justifies the Federal Reserve’s decision to postpone tapering of asset purchases. Data for the September report were gathered prior to the government shutdown, but October employment numbers will contain distortions arising from not collecting data during the typical survey period, rendering comparisons difficult.Read full article... Read full article...
Tuesday, September 17, 2013
George Leong writes: The Federal Reserve and Obama administration have pushed trillions of dollars of stimulus into the economic veins of America. For that, the return on the investment has been dismal.
Just take a look at the retail sales reading for August; consumer spending clearly isn’t doing what the government wants it to do and that is to spend and drive gross domestic product (GDP) growth.Read full article... Read full article...
Tuesday, September 03, 2013
Andrew Snyder writes: It’s Labor Day. Time to fire up the grill, put a six-pack on ice and flip through the pages of the back-to-school sales fliers.
For most folks, it’s just another holiday – an excuse to head to the beach. They have no idea what the holiday is all about.Read full article... Read full article...
Thursday, August 08, 2013
Keith Fitz-Gerald writes: By now, you've had a few days to digest the "wonderful" jobs numbers reported from Washington last Friday.
Well, don't get too excited about the economy. We've been conned again.
First off, 59% of all jobs created this year are in 3 sectors: Leisure/Hospitality, Retail Trade and Administrative/Waste Services. Wages in those sectors have fallen by 0.7%. These jobs pay an average of $15.80 per hour versus the $23.98 average hourly wage. Which means "jobs creation" just equals cheaper labor.Read full article... Read full article...
Monday, August 05, 2013
Diane Alter writes: The July jobs report brings the total number of part-time jobs created this year to more than three times the amount of full-time jobs added.
Welcome to America: Land of part-timers...
The trend was pronounced in June when data revealed part-time jobs grew by a robust 360,000 and full-time jobs declined by 240,000. Friday's July jobs report was further proof.Read full article... Read full article...
Friday, August 02, 2013
The Technology Jobs Conundrum
The past few weeks have seen the tech and business media abuzz about a not-so-little warehouse in Tennessee. That's because this distribution center, opening its doors with a burst of fanfare and even a few visits from nearby politicians, isn't a jumping-off point for Macy's or Target. Instead, the warehouse is the latest in a series of new locations being opened by retail technology giant Amazon.com.
The jobs this new mega-warehouse is purported to create: 5,000.Read full article... Read full article...
Sunday, July 28, 2013
Ugly Secular Employment Trend of Part-Time Work, Emergening Underclass, the Lost Generation / Economics / Employment
It is pretty well established that a tax increase, especially an income tax increase, will have an immediate negative effect on the economy, with a multiplier of between 1 and 3 depending upon whose research you accept. As far as I am aware, no peer-reviewed study exists that concludes there will be no negative effects. The US economy is soft; employment growth is weak – and yet we are about to see a significant middle-class tax increase, albeit a stealth one, passed by the current administration. I will acknowledge that dealing a blow to the economy was not the actual plan, but that is what is happening in the real world where you and I live. This week we will briefly look at why weak consumer spending is going to become an even greater problem in the coming years, and we will continue to look at some disturbing trends in employment.Read full article... Read full article...
Wednesday, July 24, 2013
Garrett Baldwin writes: The stock market was rattled on Tuesday by underperforming manufacturing data.
The Richmond Federal Reserve Index, which measures manufacturing performance in the upper Southeast and mid-Atlantic regions, fell to -11 in July, down from a 7 in June. This signals a significant drop in new orders and shipments.Read full article... Read full article...