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Category: Employment

The analysis published under this category are as follows.

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.

Read full article... Read full article...

 


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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Economics

Monday, November 09, 2015

U.S. Jobs NonFarm Payrolls +271,000; Is the Game Changing? / Economics / Employment

By: Gary_Tanashian

I can already tell NFTRH 368 is going to be a flowing thing because there is a lot of on-point material to talk about. So the usual standard charts will be minimized in favor of trying to get a good read on what is in process in the markets, in policy and in the economy.

Specifically, given the October Payrolls data, its effect on interest rates and the US dollar we seem to be back to a point similar to where we were 1 year ago when we used a strong USD (and corresponding weak Yen and Euro) to plot bullish trade possibilities in Japan and Europe, and a bearish environment for US exporters.

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Politics

Thursday, October 22, 2015

Employment Is Nothing Like Slavery / Politics / Employment

By: MISES

Julian Adorney writes: What is necessary to take away a man’s freedom? For many progressives, nothing more then a bad workplace. Amazon takes ongoing heat for its work environment, with opponents like Business Insider calling it a “slave camp.”

But this comparison mistakes the fundamental nature of coercion.

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Economics

Saturday, September 05, 2015

Establishment Survey +173K Jobs, Private Jobs +140,000; U.S. Unemployment Rate 5.1% / Economics / Employment

By: Mike_Shedlock

The establishment survey came in a weaker than expected 173,000 job. The Bloomberg Consensus estimate was 223,000 jobs.

However, the preceding two months were revised up by 44,000 and wages were strong. Bloomberg provides a nice summation of the strengths and weaknesses.

Read full article... Read full article...

 


Politics

Friday, September 04, 2015

Another Hysterically False BLS US Unemployment Report / Politics / Employment

By: James_Quinn

It’s that time of the month again, where the Bureau of Lies and Scams issues their latest manipulated, massaged, and falsified unemployment data to the willfully ignorant masses. The MSM will unquestioningly regurgitate the lies with breathless enthusiasm. The Wall Street hucksters will interpret any data as positive for the stock market.

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Politics

Friday, August 14, 2015

Why It’s Not Always Good to be a Professional / Politics / Employment

By: Walter_Brasch

Decades ago, newspaper reporters had low wages and no bylines.

As expected, they were a bit testy about the low wages.

So, publishers figured out that if they gave reporters bylines, it would soothe their savage egos.

Read full article... Read full article...

 


Politics

Friday, June 26, 2015

How Companies Are Using PIP To Humiliate and Get Rid of Workers / Politics / Employment

By: EconMatters

In my last two posts, I talked about why hiring now takes longer and how some companies use interview to score free consult from job applicants, today I'd like to discuss the increasing popularity of PIP.  This is not your forex trading pip, PIP in the corporate lingo means Performance Improvement Plan.

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Economics

Friday, June 05, 2015

US Jobs Table 9 BLS Data Dump / Economics / Employment

By: James_Quinn

It seems the mainstream media is giddy with excitement over the 280,000 jobs supposedly created in May. The markets aren’t so happy, as good news is actually bad news. What excuse will Yellen and her fellow Wall Street puppets at the Federal Reserve use to not increase interest rates from emergency levels of 0.25%? The ten year Treasury rate immediately skyrocketed to 2.43% in seconds. It was at 1.64% in February. That’s a 46% decline in price in four months. Do you still think bonds are a safe investment? Guess what is tied to the 10 Year Treasury rate? Mortgage rates. There goes the fake housing recovery. Artificially high prices, higher mortgage rates, and young people unable to buy sounds like a perfect recipe for collapse.

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Economics

Thursday, May 14, 2015

See No Evil: What We Chose to Ignore in the April Jobs Report / Economics / Employment

By: Peter_Schiff

We live in an age where bad economic news is not only unwelcome, but it is routinely overlooked or excused. On the other hand, good news is spotted and trumpeted even when it doesn't exist. An ideal illustration of this dangerous tendency towards collective selectivity came last week when the markets and the media somehow turned an awful employment report into an ideal data set that confirmed all optimism and contained nothing but good news for investors. In truth, it was anything but.

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Economics

Saturday, April 04, 2015

U.S. Jobs Report Huge Miss, +126k Half Forecasts / Economics / Employment

By: Mike_Shedlock

Initial Reaction

For a huge change we see the existing pattern of a strong establishment survey but a poor household survey has been replaced by weakness all around.

Last month I stated "The household survey varies more widely, and the tendency is for one to catch up to the other, over time. The question, as always, is which way?"

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Economics

Saturday, March 07, 2015

U.S. Employment Trends - What Age Groups Get the Jobs? / Economics / Employment

By: Mike_Shedlock

One interesting fact in today's jobs report (see Diving Into the Payroll Report: Establishment +295K Jobs; Household +96K Employment, Labor Force -178K) was a drop in teenage unemployment of 1.7 percentage points while overall the unemployment rate fell by only 0.2 percentage points.

The only reason the overall rate fell was a plunge in labor force of 178,000. Household survey employment only rose by 96,000 vs. the establishment survey gain of an alleged +295,000.

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Economics

Sunday, February 22, 2015

Why the U.S. Workforce Still Shrinks as Job Growth Rises / Economics / Employment

By: EWI

A significant hint of economic softening is the slight decline in average hourly earnings in December. It came despite "a healthy 252,000 increase in jobs. Economists are struggling to explain the phenomenon," says the Associated Press. "I can't find a plausible empirical or theoretical explanation for why hourly wages would drop when for nine months we've been adding jobs at a robust pace," says a perplexed economist.

Read full article... Read full article...

 


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