Jobs

This comes via Economix: The writers there have a two related pieces (with equally revealing charts) that I recommend reading: Bleak Outlook for Long-Term Unemployed The Recovery Is Losing Steam I guess this is why they call…

"I have this to say to my fellow Germans in East Germany: The introduction of the social market economy offers you every chance, in fact, even a guarantee, that (the East German states of) Mecklenburg-Western Pomerania,…

The unemployment rate fell to 9.5% from 9.7%, but this likely reflects people dropping out of the labor market.  The work week fell 0.1%, which is the equivalent of about 300k job loss.  The private sector 83k jobs and the May…

These charts were compiled by Pimco via data collected from the Federal Reserve and Credit Suisse. They show that U.S. companies are earning record amounts of money but are not re-investing it. Instead, companies are hoarding cash.…

On jobs, labour mobility and the stickiness of wages Macroeconomics Doubtbook, Installment 3, Arnold Kling | EconLog | Library of Economics and Liberty The Usual Fare AppleInsider | Apple sued over iPhone 4 reception issues…

US data have been disappointing.  The weekly initial jobless claim increase has been followed by a weaker than expected ISM manufacturing report.  The ISM fell to 56.2 from 59.7. The consensus had anticipated a smaller decline to…

While most people are tuned in to the failure of the ruling coalition in Germany to get their man Christian Wulff elected president, there are other more important numbers out today. Unemployment in Germany fell to 7.5% in the last month.…

From ADP (pdf): Nonfarm private employment increased 13,000 from May to June 2010 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change in employment from April to May 2010 was revised up…

Comstock Partners' latest weekly note demonstrates the core issue is a longer-term deleveraging that cannot be solved by fiscal and monetary stimulus. This likely means lower inflation-adjusted stock prices when the stimulus-induced…

At 10AM ET the The Federal Reserve Bank of Philadelphia released its general economic index. The data were not good as the index came in at 8 for June down from 21.4 the previous month. Because numbers above zero signal economic growth, the…