Jobs

Now that policy makers worldwide have finally stepped in to stop the bleeding, we have had a relief rally of monumental proportions. Most global indices were deep into oversold territory, meaning that there was lots of pent-up demand for a…

After rising from the mid 300s in May and June to almost 500,000 the past few weeks, we have finally seen a break in the claims for unemployment in the United States. This past week, 378,000 people filed initial unemployment claim, down…

This is not a financial sector post but I find it shocking enough that eBay is cutting 10% of its workforce that I had to post this. Now, this could be as unrelated to the current economic malaise as Yahoo's problems and rumored future job…

The unemployment data came out for the month of September 2008 in the U.S. Payrolls fell by 159,000, but the unemployment rate remained the same at 6.1%. The data are consistent with recent weekly unemployment claims data, which point to…

I try to report on these numbers as objectively as possible, but the drip-drip of negative news out of the U.S. starts to wear on you. Jobless claims were expected to drop substantially after the effects of Hurricane Ike wore off. I was…

U.S. jobless claims registered an increase to 493,000, bringing the widely followed 4-week average to 462,500, its highest level since just after 9/11. Recently, the jobless claims numbers have been creeping up indicating the labor market…

U.S. jobless claims registered an increase to 455,000, bringing the widely followed 4-week average to 445,000, its highest level since 2002. Recently, the jobless claims numbers have been creeping up indicating the labor market in the U.S.…

Is the U.S. in recession or not? Well, the U.S. printed a 3.3% number for growth in the second quarter according to the data released last week. Since then, I have been asking myself why we shouldn't believe the U.S. is in an expansion…

The Department of Labor released jobless claims numbers today at 8:30 AM. Jobless claims came in at 445,000, down from an upwardly revised 451,000 the week before. Claims are averaging now 440,000 for the past 4 weeks, 115000 higher than…

For every business cycle since 1929, when U.S. unemployment data was first calculated, when the unemployment rate has gone up more than 1% in one year's time, this has spelled recession. Moreover, the unemployment rate has never risen 1.0%…