Jobs

Today’s unemployment data suggests that we are experiencing something far worse than a mere “bump in the road”, as our President described it last month. Today’s data should create real palpitations in the White House. This isn’t just a…

If you go back to the last jobs peak of 132.5 million in February 2001, at a pace of 150,000 jobs per month to account for population growth, you are looking at a shortfall of 18.8 million jobs. Given those numbers, there is really no…

It is not clear that there is a political consensus for a stand-alone tax holiday. There may be support for the stand-alone tax holiday as part of a larger corporate tax reform effort. If it is enacted, job growth and capital investment is…

The S&P has gone from 2 standard deviations below the 20-day moving average on the 16th June to 2 standard deviations above it now, something it did prior to the 87 crash when it rallied 6.4% in the week prior to the crash. It has been…

Dollar is mostly firmer ahead of NFP report; Stocks in Europe were impacted by new credit concerns. Market expecting a good number following ADP; USD/JPY likely to firm off the back of higher yields- The Brazilian real was the best…

For ideological reasons, one might believe that limiting or reducing government is better. However, it does not follow that doing so is a painless exercise.

Last week I showed you one way to look at the jobs crisis in graphical form. Here’s another from Calculated Risk.

Since the recession in 1990-91, the recovery of employment in the US has had a U-shape that is nothing like the previous post-World War II employment recoveries. This one will be the worst.

Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) explains his view to Anthony Mason of CBS that the problem in the US jobs market is not jut cyclical in nature.

The U.S. labor market will not return to full employment (defined as a 5% unemployment rate) by following a "business as usual" course. In conjunction with reforms to the U.S. education system to ensure that the workforce has the needed…