Unemployment

Actually I hadn't intended to write this post but this week and last week I have seen a few comments on Twitter questioning the government's employment numbers. That made me think it's a good time to review the US Government's seasonal…

This from today's Fed Beige Book survey: Reports from the twelve Federal Reserve Districts suggest that economic activity continued to expand moderately from November through December. Conditions were said to be improving in the Boston,…

I spoke to Paul Waldie on BNN this past Friday about the US and Canadian jobs reports. The BBH note that morning on the risk of “buy the rumor sell the fact” ahead of the jobs report was on the money. After the stellar ADP data on…

from the BBH Currency Strategy Team There has been an obvious build up of expectations about the US jobs report today.  The dramatic jump in the ADP estimate sparked a large upward revision in expectations even though the…

The US Department of Labor reported this morning that initial claims for unemployment insurance rose to a seasonally-adjusted 409,000 from an upwardly-revised 391,000. This puts the widely-followed four-week moving average for initial…

"Whatever political party holds the white house wants to get re-elected. So it's going to do whatever it can to make the economy look good on election day" -Mark Hulbert This is how I see things as well. The question, of…

Gallup released a poll today showing where the most jobs are being created in the US. It is in the Midwest. The graphic below demonstrates.   Overall 29% of employees polled by Gallup said their company was hiring while only 19%…

The US Department of Labor reported this morning that seasonally adjusted initial jobless claims were 388,000 In the week ending Dec. 25. That is a decrease of 34,000 from last week's revised number of 422,000. This is the lowest weekly…

from the BBH Currency Strategy Team The dollar is mixed today vs. the majors and is softer vs. EM.  The euro has stabilized, but continues to feel heavy as EUR/CHF holds marginally above the record low around 1.2440 from…

States and local governments cannot rely on the Federal Reserve to print money. As they face financial difficulties not seen since the 1930s, this is significant. We see the consequence of this difference on display daily in the sovereign…