Unemployment

The US Department of Labor noted this morning that: In the week ending Dec. 11, the advance figure for seasonally adjusted initial claims was 420,000, a decrease of 3,000 from the previous week's revised figure of 423,000. The 4-week…

by William K. Black You know the administration is desperate when it creates a web page citing economists who support its capitulation on taxes. The web page cites the support of five economists. Peter Cardillo, the Bank of America, Greg…

In the week ending 4 Dec 2010, initial claims for unemployment insurance in the US fell to a seasonally-adjusted figure of 421,000. This is a decrease from the revised 438,000 measured the week prior. The more followed 4-week average figure…

For months, Ben Bernanke has been more or less pleading with fiscal policymakers to catch up to him. With yesterday’s announced agreement on tax cuts and the extension of unemployment benefits, Congress and the Administration are making the…

US employment data is wholly disappointing. Job creation much less than expected, unemployment rate jumps, hourly earnings flat and work week flat. The back month revisions pale in comparison to the disappointment. The market expected a…

The November US jobs report is slated for release tomorrow and there does not seem to be any reason not to look for a relatively robust report. The usual reports have been uniformly constructive. This includes, the ADP report, the weekly…

The number of US workers filing new applications for unemployment benefits rose 26,000 from last week's outlier 407,000 number. Last week's number was also revised higher to 410,000. Nevertheless, the trend in jobless claims is still down,…

The US economy grew at 1.9% for the last decade, the slowest since the 1930s. Given that government spending is going to go down, unemployment is going to take some time to get under control; and with the whole developed world in a mess, it…

Here's the bullish case for shares. I don't think you can sustain this in tech beyond a short-term rally without a robust investment in capital by business. And I suspect that would also mean increased hiring as well.

A cross post by Rick Bookstaber which originally appeared on his blog. My last post posited a future world where technology-driven production and consumption lead to a secular drop in demand, and with it a drop in employment, resulting in…