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Posts Tagged ‘ Jobs ’
About Those 8 Million "Lost" Jobs
Time and again you hear pundits say that what the U.S. experienced in the last decade was a terrible boom/bust cycle for the housing and credit markets. But then, almost in the same breath, they oftentimes say the nation must do whatever it can to g...
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The Myth of U.S. Consumer De-Leveraging
The supposed “de-leveraging” which the mainstream media boasted of was nothing but propaganda mythology. However, the new consumer debt which Americans have piled on since the beginning of 2010 is very, very real. And all the resulting U.S. auto-loan defaults, credit-card defaults, student-loan defaults, personal bankruptcies, and foreclosures in the months ahead will be...
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Making It In America
Making It in America
In the past decade, the flow of goods emerging from U.S. factories has risen by about a third. Factory employment has fallen by roughly the same fraction. The story of Standard Motor Products, a 92-year-old, family-run ...
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Empty Plastic
While economists and the mainstream media tried hard to get everyone excited by today's "better-than-expected" employment report (which included an unusually large and likely-to-be-reversed spike in hiring in the "Couriers & Messengers" category), t...
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A 10-year low of new municipal bond issuance
Volume Lowest in 10 Years
Munis Ended 2011 At $295 Billion
Tuesday, January 3, 2012
By Taylor Riggs
A 10-year low of new municipal bond issuance is what was on everyone’s mind in 2011.
Last year, only $295 billion of bonds were issued, down almost...
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Productive Employment
It seems that layoffs are happening almost daily:
http://www.bloomberg.com/news/2011-12-06/citigroup-to-cut-4-500-jobs-on-slumping-
revenue-take-400-million-charge.html?cmpid=yhoo
One can argue that most if not all financial related jobs are of very ...
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Go Figure: Jobs Report Misses Expecations, But Unemployment Rate Plunges to 8.6%
THE NUMBER IS OUT...
It's a mixed bag.
The good news is that the unemployment rate fell from 9% to 8.6%.
The bad news is that non-farm payrolls only grew by 120K, which is below the 125K that was expected.
On the private payrolls side, growth o...
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The Truth About Unemployment in America
Everyone knows that the employment situation in the U.S. is miserable.
It's the most important issue for most people, and it has a huge impact on politics.
But how bad is it, really?
We've taken a deep dive into the numbers, looking at things lik...
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First Time Unemployment Claims Increase But Less Than Usual
“Fewer people applied for unemployment benefits last week, a hopeful sign that the job market might be picking up,” trumpeted the AP, in a news item picked up by news organizations across the US and the world. There’s just one minor problem. First time claims actually increased by 9,361. The AP, and everybody else,...
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Guts, Gumption and Hard Work Don’t Pay Off Anymore
A profound change has come over America. Guts, gumption, and hard work don’t seem to pay off as they once did – or at least as they did in our national morality play. Instead, the game seems rigged in favor of people who are already rich and pow...
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You Tube: The education of Ben Bernanke
Maybe this has already been posted: An MGM inflation propaganda film from 1933. Must've been the only thing bernanke remembered from his academic years. But someone forgot to tell him you've either got to convince people without jobs and money that ...
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The 1% Create Jobs…..And Five Other Myths
In the movie Groundhog Day, Bill Murray's character is forced to relive a single day over and over and over—waking up to the same song every morning, meeting the same people, having the same conversations—until, after thousands of repetitions, ...
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I’m starting to think next Pres. will be crazy person
I'm starting to think that one of these nut jobs will be our next President. Obama has tried to play it safe, and there's no endeavor in the world where you can overcome great odds by taking no chances. And he faced great odds as we all know.
But h...
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Why America Should Spread The Wealth
Many economists worry that making societies more equal through income redistribution or other means lowers economic growth. This “big tradeoff” between equality and efficiency, which is supported by comparisons of capitalist and socialist countri...
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Weak income curbs consumer spending
Weak income curbs consumer spending
On Friday September 30, 2011, 9:08 am
WASHINGTON (Reuters) - Incomes fell for the first time in nearly two years in August and consumers dug into their savings to keep spending, according to a government report tha...
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Report from a front line sales guy
Yesterday - I sent this to a friend who is eastern US sales manage for a window manufacturing company:
Subject: Remodeling activity
Hi xxxx. Hope you are seeing this in your world.
http://www.calculatedriskblog.com/2011/09/residential-remodeling-inde...
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Wen Says World Must Get ‘House In Order,’ Not Rely on China
Wen Says World Must Get ‘House In Order,’ Not Rely on China
September 13, 2011, 11:30 PM EDT
(Updates with comment from Wen in second paragraph.)
Sept. 14 (Bloomberg) -- Chinese Premier Wen Jiabao, facing calls to widen support for indebted Europ...
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ECRI Growth Metric Drops Deeper Into Negative Territory
ECRI Growth Metric Drops Deeper Into Negative Territory
by: Doug Short September 5, 2011
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) dropped deeper into negative territory after oscillating in a...
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The mother of all recessions?
Wow, one gander at the jobs chart below, courtesy of Calculated Risk Blog, and it's little wonder that the Thugs in Charge and the Fed Pigmen Politburo are in a panic.
Needless to say, this recession (none DARE use the term "depression" anymore!!!), i...
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Moody’s Warns Student Loans May Be The Next Financial Bubble To Burst
Moody's Warns Student Loans May Be The Next Financial Bubble To Burst
First Posted: 8/9/11 06:25 PM ET Updated: 8/9/11 06:37 PM ET
WASHINGTON -- Record borrowing by college students who are graduating without jobs may lead to the next financial cri...
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Second Recession Could be Much Worse than the First
If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around.
Given the tumult of the Great Recession, this may be hard to believe. But the economy is...
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Business Cycle Getting Stuck
Business Cycle Getting Stuck
CNN
August 01, 2011
(CNN) - ECRI's Lakshman Achuthan discusses how the problems withe the job market predated the Great Recession, and how the jobs market reveals both the brief revival and the current cyclical slowdown.
...
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ADP: U.S. Companies Added 114,000 Jobs
Companies in the U.S. added 114,000 workers to payrolls in July, according to a private survey.
The increase followed a revised 145,000 gain the prior month, according to data from ADP Employer Services. The median forecast of economists surveyed by...
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39 Things Driving Ordinary Americans Absolutely Crazy
Have you noticed that almost everyone seems really angry these days? Frustration with the government and with most of the other major institutions in our society seems to grow by the day.
Click here to see what's driving Americans crazy >
Accor...
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Larry Summers – The jobs crisis
Interesting read.
link
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Unemployment and the Market: A 62-Year Perspective
June 3, 2011 monthly update
A disappointing increase of only 54,000 jobs was accompanied by an unemployment rate for May of 9.1%, up from the previous month's 9.0%. The briefing.com consensus was for 9.0% and their own estimate was for 9.1%. The...
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