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.
Taken Down
US job market healing
by Sober Look • • 1 Comment
Tag Archive for Unemployment
Contributors- Economic and Financial, Must Read, Taken Down
Assessing the health of US labor markets remains a challenge – Sober Look
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We continue to see debate around the trajectory of US labor markets. Measures such as the employment-population ratio have completely diverged from the “headline” unemployment rate.
Contributors- Economic and Financial, Must Read, Taken Down
Today’s jobs report: a wake-up call or an aberration? Sober Look
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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.
Money Morning, Must Read
3 Million Americans to Lose Unemployment Benefits in 2014 – Money Morning
by Tara Clarke • • 0 Comments
Today, 1.3 million long-term unemployed workers sit restlessly in Congress’ palm. They will be left without federal unemployment benefits just three days after Christmas if Washington fails to rework the budget deal to extend the Emergency Unemployment Compensation Program (EUC).
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Another look at labor force participation- Sober Look
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DB’s chart of the US unemployment rate (below) received numerous comments on Twitter. Clearly the projection of the linear decline continuing at the same rate is a bit aggressive. But many of the comments were dismissive of the measure altogether – arg…
Money Morning, Must Read
What the November Jobs Report Means for “Dectaper” – Money Morning
by Diane Alter • • 0 Comments
Good news is actually good news on Wall Street today.
Stocks rallied Friday following a robust November jobs report that showed U.S. employers continued to add jobs at a steady pace last month, which pulled the unemployment rate down to a five-year low at 7.0%.
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Watching the trajectory of the Beveridge Curve- Sober Look
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A number of economists continue to talk about the “structural shift” in US labor markets that took place during the Great Recession. For example, back in September, Georgetown University published a report called Failure to Launch: Structural Shift and…
Money Morning, Must Read
October Jobs Report: Labor Force Shrinks to 35-Year Low – Money Morning
by Diane Alter • • 0 Comments
Despite worries the 16-day government shutdown would weigh on job growth, the October jobs report was surprisingly strong.
That’s what the government is reporting, anyway…
According to the Labor Department numbers released today (Friday), employers increased headcount by 204,000 in October, handily beating the 120,000 many economists expected. The government report also showed revisions to late summer numbers, revealing an extra 60,000 jobs total were created in August and September.
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The meager 1.6% GDP growth in 2013 is partially self-inflicted – Sober Look
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More evidence is emerging that the US economic activity has slowed recently. In addition to the manufacturing output decline (see Twitter chart) and slower home sales (chart), the latest private payrolls number from ADP now shows a decline in job creat…
Contributors- Economic and Financial, Must Read, Taken Down
Has the Great Recession created behavioral changes in the labor markets? Sober Look
by Sober Look • • 0 Comments
The US civilian unemployment rate, which clocked at 7.2% last month, has been declining at the fastest rate in nearly two decades. The focus however has been on other labor market indicators. One of those is the employment-population ratio, the proport…
