Category: Unemployment
The analysis published under this category are as follows.
Wednesday, September 25, 2013
Corporate Profits and Worker Unemployment / Politics / Unemployment
By: BATR
The informative business publication, Zero Hedge, featured the voice of common sense and economic insight, Rick Santelli.
"CNBC's Rick Santelli asks the (rhetorical) question that everyone should ask: "[What the Fed minutes said] is, listen, we have to wait for bigger confirmation that the economy is doing better; and for that, we're going to look at the employment side. [At the same time] we have the fewest people working that can work in 30 years, and all-time-record-high profits for corporations. Now, does that strategy sound rational to you?" It seems, now that Bernanke has seemingly promised that it will really never end, that Santelli's question will become increasingly critical in this country."
Read full article... Read full article...
Saturday, July 06, 2013
No Hope On The Jobs Front: Rising Unemployment in America / Politics / Unemployment
By: Paul_Craig_Roberts
Do you remember the promise of the New Economy that was going to replace the lost “dirty fingernail” manufacturing jobs with innovative highly paid New Economy jobs? Well, the promise was just another deception from the elites who have stolen Americans’ future.
For the umpteenth consecutive month and year, the June BLS payroll jobs report (released on July 5) shows that the US economy has created no such jobs. The same old tired categories account for the same old lowly paid new domestic service jobs.
Read full article... Read full article...
Sunday, June 09, 2013
Another Phony U.S. Jobs Report From A Government That Lies About Everything / Politics / Unemployment
By: Paul_Craig_Roberts
The payroll jobs report for May released today continues the fantasy.
Goods producing jobs declined, with manufacturing losing another 4,000 jobs, but the New Economy produced 179,000 service jobs.
Are these jobs the high-powered, high-wage “innovation jobs” that economists promised would be our reward from Globalism. I’m afraid not.
Read full article... Read full article...
Sunday, June 02, 2013
More Euro-zone Economic Austerity in face of Record Unemployment / Economics / Unemployment
By: Global_Research
Christoph Dreier writes: Unemployment in the euro zone hit a two-year high in April. According to the latest figures of Europe’s Eurostat statistical agency published on Friday, the unemployment rate rose from 12.1 percent in March to 12.2 percent last month. Fully 24.4 percent of young workers have no job.
The highest jobless rates are found in the southern countries, which have plunged into deep recessions since 2008. At the top of the list is Greece, with an unemployment rate of 27.0 percent, an estimated economic contraction of 4.2 percent this year. A stunning 62.5 percent of youth are out of work.
Read full article... Read full article...
Friday, May 31, 2013
Euro-zone Unemployment Crisis Driving Workers to Migrate to UK / Economics / Unemployment
By: Nadeem_Walayat
Euro-zone unemployment rates hit new economic depression extremes, with Greece leading the PIIGS nations that collectively have a youth unemployment rate of more than 50% that continues to encourage mass migration out of the PIIGS to either Germany, or the UK as the below table illustrates there exists a huge gap between the single markets jobs markets.
Read full article... Read full article...
Sunday, May 26, 2013
An Even Deadlier Disaster than Bangladesh Garment Factory Collapse for the Third World / Politics / Unemployment
By: George_Reisman
The recent collapse of a garment factory building in Bangladesh, resulting in the death, at latest count, of more than 1,100 workers who were employed there, has led to international outrage not only against the building’s owner but also against the various retailers in the United States and Europe, many of them prominent, that have sold clothing produced in that building. It is demanded that they assume responsibility for working conditions in the factories that supply them and not deal with factories that do not provide safe and humane conditions and pay fair wages.
Read full article... Read full article...
Tuesday, May 07, 2013
The New Untouchables of the 21st Century / Politics / Unemployment
By: Raul_I_Meijer
Throughout history and throughout the world, there have been classes of untouchables. Best known perhaps (other than Elliott Ness and Wall Street bankers) are the caste that goes by the name in South Asia, a.k.a. the Dalits, but there are/were also for instance the Cagots in France, the Burakumin in Japan, and the Roma and Jewish populations in medieval Europe though the Middle East. In the US, one could include the black and native populations. Wikipedia has this definition:
Sunday, May 05, 2013
Spain and France Facing Huge Unemployment / Economics / Unemployment
By: Submissions
Brett Chatz writes: No end is in sight regarding the current rise in unemployment in Spain and France. Neither does there appear to be any economic panacea to reverse the European recession. As in spread betting and contract for difference, the end product of the austerity program is determined by the accuracy of the European wager on diminishing national deficits rather than on addressing the unemployment problem. CFD trading is making an impact on share trading decisions, just as the economic outlook of the ECB impacts monetary decisions within individual countries.
Read full article... Read full article...
Thursday, March 21, 2013
Figuring Out Cyprus, Will the Real Unemployed Please Raise Your Hands? / Economics / Unemployment
By: John_Mauldin
This week’s letter will be a very short part of a book I am writing with Bill Dunkelberg (the Chief Economist of the National Federation of Independent Businesses) on the future of employment. It has taken longer to write than I initially anticipated, for a host of reasons, chief among which is that the future is not as obvious as I originally thought. Diving into the data has brought a few surprises. It doesn’t help that I have (probably to the frustration of Dunk, although he is way too polite to say it) changed the focus from “merely” what we need to do to create jobs (which is still an important part of the book) to what kinds of jobs will the future bring and who will get them.
Monday, March 11, 2013
Unemployment Down, But February Jobs Report Not All Rosy / Economics / Unemployment
By: Money_Morning
Jeff Uscher writes: The report had some positive news, as the unemployment rate fell to 7.7%, the lowest rate since December 2008.
While the preliminary numbers for February show that 236,000 new jobs were created, exceeding analyst estimates by a wide margin, the figure for January was revised down from 157,000 to 119,000. However, the December number was revised up from 196,000 to 219,000. So for the three months of December 2012-February 2013, the economy has added a total of 574,000 jobs, well above expectations.
Read full article... Read full article...
Tuesday, March 05, 2013
Europe, Unemployment and Instability / Economics / Unemployment
By: STRATFOR
The global financial crisis of 2008 has slowly yielded to a global unemployment crisis. This unemployment crisis will, fairly quickly, give way to a political crisis. The crisis involves all three of the major pillars of the global system -- Europe, China and the United States. The level of intensity differs, the political response differs and the relationship to the financial crisis differs. But there is a common element, which is that unemployment is increasingly replacing finance as the central problem of the financial system.
Friday, February 15, 2013
Obama's New Minimum Wage Will Eliminate At Least 467,000 Jobs / Politics / Unemployment
By: Money_Morning
Ben Gersten writes: In his State of the Union address Tuesday night, President Barack Obama urged Congress to raise the minimum wage from $7.25 to $9, saying the move would reduce poverty and stimulate the economy.
"Tonight, let's declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9 an hour," President Obama said. "This single step would raise the incomes of millions of working families. It could mean the difference between groceries or the food bank, rent or eviction, scraping by or finally getting ahead.
Read full article... Read full article...
Tuesday, February 12, 2013
State of The Union - Where is U.S. Unemployment Headed? / Politics / Unemployment
By: Ian_R_Campbell
This evening Eastern Time U.S. President Obama is scheduled to give his annual 'State of the Union' address. Favoured topics are said to be U.S. unemployment and jobs creation, and gun control. I expect Mr. Obama also to address the issue of defense spending, where he recently has been reported as saying 'Deep cuts' threat to security, Obama says in reference to pending defense budget cuts.
Read full article... Read full article...
Friday, February 01, 2013
January 2013 Jobs Report: Four Reasons U.S. Unemployment Will Stay High / Economics / Unemployment
By: Money_Morning
Diane Alter writes: The U.S. Labor Department released the January 2013 jobs report Friday, showing the unemployment rate inched upward from 7.8% to 7.9%.
Employers added 157,000 jobs in January, short estimates of 168,000, which would have kept the unemployment rate stable.
Read full article... Read full article...
Friday, January 25, 2013
High Unemployment Isn’t Just an American Dilemma / Economics / Unemployment
By: InvestmentContrarian
George Leong writes: We have nearly eight percent of Americans pounding the pavement, but it is more likely double that if you count the workers actually unemployed or underemployed. But the problem of high unemployment is not only an ongoing issue in America; it’s a problem that is found in pockets all around the world, from the rust belt in Ohio to the massive manufacturing plants in China.
Read full article... Read full article...
Thursday, December 13, 2012
U.S. Unemployment, What if the BLS Labor Force Participation Rate Projections Are Wrong? / Economics / Unemployment
By: Mike_Shedlock
On Monday, my "question of the day" was What will the unemployment rate look like for the rest of the decade?
Click on the above link to see an interactive map that lets you select the rate of job growth up to January of 2020.
Friday, November 02, 2012
Manipulated U.S. Jobs Report Good for Obama / ElectionOracle / Unemployment
By: Mike_Shedlock
Initial Reaction and Election Impact
The establishment report of +171,000 jobs was above what most expected. Hurricane Sandy had no effect. The BLS finished gathering stats before the hurricane hit. This report will likely be viewed as favorable for the president.
On the surface, and in detail, this is the best jobs report in quite a while. Jobs gained were full-time jobs for a change. I do not attribute this report to BLS manipulation.
Tuesday, October 09, 2012
U.S. Unemployment Rate Drop Surprise / Economics / Unemployment
By: John_Mauldin
The unemployment number surprisingly dropped to 7.8% last Friday, and the shoot-from-the-hip crowd came out in force. To say that the jobs report was met with skepticism would be a serious understatement. The response that got the most immediate airplay was ex-GE CEO Jack Welch (who knows a few things about making a number say what you want it to say) tweeting, "Unbelievable job numbers ... these Chicago guys will do anything ... can't debate so change numbers."
Not be left out, Fox Business quoted Ed Butowsky of Chapwood Capital Investment: "'No way in the world these numbers are accurate,' he said. 'Somebody needs to do an investigation.... Investigate these numbers.'"
Read full article... Read full article...
Tuesday, October 09, 2012
U.S. Jobs Lies, Damned Lies and the 7.8% Unemployment Rate / Economics / Unemployment
By: The_Gold_Report
Shadowstats.com Author John Williams wonders if politics are at play behind the latest jobs report, which shows 114,000 new U.S. jobs since September and a 0.3% drop in unemployment since August. Investors need to know how seasonal factors and month-to-month volatility affect the Bureau of Labor Statistics' reports. In this exclusive interview with The Gold Report , Williams explains why he doubts that we are in a recovery. The take-away? Look at the unadjusted figures before you sell your gold.
Monday, October 08, 2012
Manipulating the U.S. Unemployment Rate, About That "Expected" Drop In Participation Rate / Politics / Unemployment
By: Mike_Shedlock
Calculated Risk had an interesting but misleading post A decline in the participation rate was expected due to the aging population.
Read full article... Read full article...This decline in the participation rate has been expected for years. Here are three projections (two from before the recession started). The key to these projections is that the decline in the participation rates was expected: