Jobs

Now, Bill Gross, the Bond King, knows that bonds go up in price when bad economic data comes out.  So, leaving aside the desire to talk one’s own book, I think Gross makes a number of good points on CNBC about the unemployment data…

Here is how the Bureau of Labor Statistics describes the situation. THE EMPLOYMENT SITUATION: JUNE 2009 Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent,…

Initial Jobless claims rose in the latest week to 627,000 from a revised 612,000.  Continuing claims also rose to 6,738,000, demonstrating that the job market in the U.S. remains weak. Now, back in April and May, I made a big to-do about…

Here’s a good segment from CNBC with an interview from two city mayors, the mayor of El Centro, CA that has 26.9% unemployment, the highest in the nation, and the mayor of Flint, MI, which is imploding due to the decline in the U.S. car…

The unemployment insurance weekly claims report revealed that the number of persons filing an initial claim rose 3,000 this past week to 608,000.  While these are still very high numbers, they are the lowest since January, suggesting…

The U.S. Labor Department came out with its latest weekly report.  The data were mixed because initial claims are pointing to recovery, but continuing claims continue to hit new records.  The long and short: the U.S. Labor market remains…

The payroll data this morning were pretty good given the job losses came in nearly 200,000 less than expected.  But further digging suggests the number is not nearly as bullish when parsing the data.  Below are a few data points.…

Only 345,000 jobs lost. This is a hugely bullish report despite the headine number.  Markets are already reacting.  Bonds lower (ten-year is getting killed, now near 3.90%), stocks higher. Here is what the Department of Labor had to say…

The number of persons filing an initial claim for unemployment insurance in the week just ended May 30 declined to 621,000 from 625,000 the prior week.  In addition, the number of persons still receiving unemployment insurance dropped to…

If you thought jobless claims would fall off rapidly after a peak was made, you were mistaken because we seem to be in a holding pattern above 600,000.  The weekly report for unemployment insurance claims in the U.S. showed 623,000 filing a…