This week we saw a coordinated effort by central banks to use their bazookas to head off another 2008-style credit disaster. The market reacted as if the crisis is now over and we can get on to the next bull run. Yet, we will see that it wasn't enough. Something more along the lines...
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The greatest issues facing the US economy today are related to jobs and income growth. John Mauldin looks at job growth and where it comes from leaving us to ask if the discussions on this issue in the media and congress pay any attention to where jobs really come from?
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It’s all about employment today. The Monster employment index rose three points to 151 as online recruiting increased in October. What everyone is really interested in today, though, is the monthly Employment Situation.
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Today is a big day for economic numbers: The Labor department reports that 103,000 new non-farm payroll jobs were added last month, a slightly higher than expected number, while the unemployment rate remained unchanged at 9.1%. The devil is in the details, as always, and the details are not quite as pretty. 322,000 people...
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According to the Challenger report, announced layoff’s were down sharply from the July spike, though up 47% year over year...
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Calculated Risk has their always excellent weekly roundup of Economic Releases from last week. Short and informative with their standout charts and graphs. New Home sales were down slightly, GDP was poor, mortgage delinquincies increased slightly, new home inventory was at the lowest on record (Yay!) but obviously the big issue is existing home inventory,...
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We finally got a mixed bag on the employment front this month, a welcome change from the purely awful. However, with everyone focused on “creating” jobs I think this quick synopsis attacking the unrealistic expectations of when and where jobs will come from is well worth reading. This chart gives you an idea of...
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A very cool animated Graphic showing the change in unemployment over the last two years. Click Image for Animation Download article as PDF
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Employment as measured by the “establishment survey,” was down by 190,000; and Many feel it is an improvement that we are not falling as fast. Well, let us take a moment to look under the hood of these numbers. First, while the establishment survey was down 190k, the number of unemployed soared by 558,000,...
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An excellent overview of the dramatic restructuring of the US economy at the NY Times. Click for larger version of charts. Download article as PDF
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Maybe not so much: U.S. payrolls: Negative 17,000 + Huge Downward Revisions for 2007 Overstated Job Creation by 14.38% in 2007 Download article as PDF
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Like me, Barry Ritholtz sniffed a whiff of panic in the Fed’s actions yesterday. The question he asks is why they acted before their meeting. Here are his questions, all good. I have pretty much stolen the whole post. Hopefully Barry will not mind: What does this mean for investors. Quite a number of...
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To start, we are having a boom in our petrochemical industry : “We have counted $45 billion in construction projects in the area, by far a record number for the region,” Scott says. While other parts of the country struggle economically, the Capital Region is experiencing growth in part from its expanding petrochemical industry....
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To start off James Hamilton reviews last weeks depressing economic data, and its effect on the stock market. Which leads to the next question. Trying to get defensive? The Wall Street Journal notices some of the same things we have been talking about that make it difficult, while the New York Times picks up...
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