
We are seeing signs of significant improvements in US labor markets. The ADP report today was certainly an indication of recovery from the winter slowdown.
Today’s payrolls shocker (see story) sent treasury yields sharply lower. As discussed last month (see post), speculative investors have piled into the market and were forced to cover their shorts after the jobs report. Going forward, until there is more visibility on the labor markets, investors will be more cautious shorting treasuries.
Weakening labor force participation remains the key problem for US labor markets. Using a fixed age group of 25-54 in order to account for the aging population shows a substantial and a nearly linear decline since the start of the Great Recession. We h…
The media is making a great deal of July’s non-farm payroll numbers in the US. The situation is quite simple actually – we are seeing the same level of growth we’ve seen in the past couple of years – no more, no less. Part of the issue here is the nois…
Here is an updated Beveridge Curve for the US labor markets (discussed here). Just as a reminder, it’s a plot of job vacancy rate vs. the unemployment rate. The period prior and during the Great Recession has the typical hyperbolic shape, showing …
ADP data on private payrolls has an interesting story to tell about job creation in the US. It is particularly helpful to understand job creation in terms of business size. ADP breaks down businesses into small: 1-49 employees, medium: 50-499 employees…
The Thomson Reuters/University of Michigan consumer sentiment index fell sharply to 74.1 in early June from its final-May reading of 79.3 and an early-May reading of 77.8, according to an economist who has seen the report. The end-May index was the highest sentiment level since October 2007. The drop in early June may reflect consumers…
Austerity Worsening Dire Labor Markets: ILO
Published: Monday, 30 Apr 2012 | 6:40 AM ET Text Size
By: Shai Ahmed
CNBC Associate Editor
The employment situation across the world is alarming, and there is little sign of recovery any time soon as auster…
Globe and MailAusterity Worsening Dire Labor Markets: Labor AgencyCNBC.comThe employment situation across the world is alarming, and there is little sign of recovery any time soon as austerity and spending cuts bite, a report out Monday warned. The Int…
By Stephanie KeltonThe International Labor Office (ILO) has just released asobering report on the growing crisis in worldlabor markets. We began the year with 1.1billion people – one out of every three people in the global laborforce&…