Unemployment

As you may have heard already, the jobs numbers for the US came out and they confirmed that the US private sector continues to create 150-200,000 new jobs each month. This is consistent with moderate and does not indicate any signs of…

I don't write about jobless claims that much any more because I don't see the claims number as an interesting data point unless there are large shifts to the upside or downside. But since I am now looking for signs of recession, it behoves…

The last post predicted a recession in the United States for Q2 as a result of the fiscal standoff in the United States. However, as I have been largely upbeat about the underlying fundamentals in the United States, this call is predicated…

The unemployment rate in the euro zone hit 11.8% in November according to the numbers released by the EU this morning. That is a record. The EU-27-wide unemployment rate was 10.7%. This contrasts very unfavourably to the unemployment levels…

I am not going to do justice to the monumental change the Fed just instituted with the FOMC's policy statement yesterday but I am going to take a first stab at it here in this daily with a number of articles below to follow. Here's the crux…

The final monthly jobs report before election day was released at 830 ET in Washington. I will be discussing these numbers and the US economy generally later today at 1215 ET on BBC World News. Tune in. The key number, non-farm payrolls,…

There has been a bit of talk about jobless claims since the abnormally large fall in claims two weeks ago. Those numbers were skewed by reporting anomalies that were adjusted in the subsequent week. Looking beyond the week to week data,…

Jack Welch recently caused a ruckus by suggesting that the government was “cooking the books” with its economic data. Specifically, he tweeted the following last Friday after the employment situation report: "Unbelievable jobs…

This is a quick piece here on the labor participation rate, following up on the piece I wrote last week about the jobs numbers not being consistent with recession. Mike Shedlock at Mish's Global Economic Trend Analysis and Bill McBride at…

Here's a brief, late Friday post to follow up on the jobs number. If you look at recoveries from past recessions in the United States, what you usually see is a fall in the year-over-year unemployment rate as the economy gathers steam. And…