Jobs

The jobless claims came out again today and the numbers were weak.

Today we look at the jobs recovery by various industries.

The Fed is out of bullets on interest rate policy and has turned to other nonconventional measures like quantitative easing. Excess reserves have piled up as a result. What does this mean for inflation and the economy?

In the week just ended, the US Department of Labor is reporting the advance figure for seasonally adjusted initial claims as 386,000. While this is a decrease of 2,000 from the previous week's revised figure of 388,000 it is well above the…

The jobs numbers were disappointing. From a policy perspective, the hope is that we can keep stimulus in the queue long enough so that the cyclical hiring trends pick up before overindebted consumers get fatigued again. But underneath…

One word can summarize today's report: disappointing. The 120k rise in the headline figure was roughly half of the whisper figure. The unemployment rate ticked down to 8.2%, but the details are disappointing.

Here's what I see: job destruction during a cyclical downturn followed by massive job destruction after the Lehman failure followed by a steady climb toward tepid job creation. Take a look.

My friend Steve Keen recently presented a “primer” on Hyman Minsky. In his piece, Steve criticized the methodology used by Paul Krugman and argued that Krugman could learn a lot from Minsky. In particular Krugman’s equilibrium approach and…

Judging from the press coverage, we suspect many observers have misunderstood Federal Reserve Chairman Bernanke's comments yesterday. They need to be placed in the context of what went before: namely several hawkish regional presidents…

This is a gold level post. According to the US Bureau of labor Statistics, nonfarm payroll employment rose by 227,000 in February, and the unemployment rate was unchanged at 8.3 percent. Here are my thoughts on what this signals about the…