Tag Archive for Jobs

The Infallible Fed At Verge Of (Not) Admitting Failure – Wolf Richter- Testosterone Pit

“Labor market conditions are affected by a wide variety of factors outside a central bank’s control,” admitted Richmond Fed President Jeffrey Lacker a few hours after the employment report bounced around the world. Yet for years, the Fed has proclaimed that the heroic motivation for its selfless money-printing mania (QE) and bold zero-interest-rate policies (ZIRP) was…

April Employment Report Begins to Show the Signs of the “Obamacare Effect”- Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Economists breathed a sigh of relief when the Labor Department reported a better than expected April employment report on Friday, but the details show cracks still remain. Many of the job gains proved to be in lower paying…

Top American CEOs About Job Creation: Not Happening Here – Wolf Richter- Testosterone Pit

CEOs of the largest American corporations, without aiming at it, shot barn-door-size holes through the rosy jobs picture. Rosy on the surface: unemployment down to 7.7% with 236,000 new jobs created last month. A picture the White House held up as proof of its success. But these CEOs didn’t see it. Not in the US.…

The State of the Economic Union – New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By Dan Kervick On Tuesday night, President Obama will give the first State of the Union message of his second term.  Preliminary indications from Washington are that the President will attempt to shift some attention back to…

French Government Fears ‘Social Implosions Or Explosions’ – Wolf Richter, Testosterone Pit

The daily drumbeat of layoff and plant-closure announcements in France has been riling up desperate workers who stand to lose their livelihood without much hope of finding a job elsewhere as unemployment has hit 10.5%. But now the government is worried about a “radicalization” of these angry workers. A major quandary: on one hand, the…

January 2013 Jobs Report: 4 Reasons Unemployment Will Stay High – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. 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…

Fantastic jobless claims number from the Labor Department, but many remain skeptical – Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. We are seeing more seasonality adjustments fun and games from the US Department of Labor. The drop in the initial jobless claims was so large, it looks suspicious. Lee Adler has a detailed write-up (here) on seasonality adjustments…