Jobs

The unemployment rate in the euro zone hit 11.8% in November according to the numbers released by the EU this morning. That is a record. The EU-27-wide unemployment rate was 10.7%. This contrasts very unfavourably to the unemployment levels…

I am not going to do justice to the monumental change the Fed just instituted with the FOMC's policy statement yesterday but I am going to take a first stab at it here in this daily with a number of articles below to follow. Here's the crux…

The final monthly jobs report before election day was released at 830 ET in Washington. I will be discussing these numbers and the US economy generally later today at 1215 ET on BBC World News. Tune in. The key number, non-farm payrolls,…

There has been a bit of talk about jobless claims since the abnormally large fall in claims two weeks ago. Those numbers were skewed by reporting anomalies that were adjusted in the subsequent week. Looking beyond the week to week data,…

Jack Welch recently caused a ruckus by suggesting that the government was “cooking the books” with its economic data. Specifically, he tweeted the following last Friday after the employment situation report: "Unbelievable jobs…

This is a quick piece here on the labor participation rate, following up on the piece I wrote last week about the jobs numbers not being consistent with recession. Mike Shedlock at Mish's Global Economic Trend Analysis and Bill McBride at…

Here's a brief, late Friday post to follow up on the jobs number. If you look at recoveries from past recessions in the United States, what you usually see is a fall in the year-over-year unemployment rate as the economy gathers steam. And…

There has been a lot of controversy about today's employment situation summary because of comments by Jack Welch, the former GE CEO. Welch suggested on Twitter that the Obama Administration had manipulated the household survey data to give…

By Marc Chandler The US jobs report was decidedly mixed. There was good and bad news but the bottom line is that the data is still too weak for the Fed to even consider ending its unconventional policy. The economy created a net 114k jobs…

Editor's note: the following is the text of a speech given by Federal Reserve Board Chairman Ben Bernanke at the Economic Club of Indiana earlier today. Five Questions about the Federal Reserve and Monetary Policy Good afternoon. I am…