Unemployment

Private sector pay roles gained a disappointing 71k and the June figure was revised lower. The headline lost 131k and here too downward revisions in prior months. The work week increased and hourly earnings ticked up. Manufacturing,…

The recovery has weakened considerably since the end of last year. Much of this is due to the fading impact of government stimulus and inventory adjustments. See the note this morning from Comstock Partners "Faltering Recovery."…

In an August 3rd video, Gary Shilling, president of A. Gary Shilling & Co., talks about the outlook for the U.S. economy. Shilling speaks with Matt Miller on Bloomberg Television's "Street Smart."

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). Unemployment is stuck in a rut. One reason is the tendency to look…

PBS' Paul Solman takes another look at Spain's economic woes, which include a 20 percent unemployment rate. In the Web extra above, he talks to British economist Edward Hugh, a long-time resident of Barcelona, about Span's underground…

Just a reminder, I will be on BBC Radio Five Live sometime around noonish tomorrow ET. I will post the links to my BNN piece from last week later today. The topic of today is jobs. There were a number of posts in which economists and media…

Picking up where I left off in the last post regarding forward earnings, David Rosenberg has this to say: Intel enjoyed its best quarter ever at the peak of the inventory cycle. Well done. What we are grappling with is this. If the…

I am on BNN in Canada today at 1215 ET to talk about matters financial. So as a lead-in to what I am going to say there, I wanted to write here about the retail sales numbers, earnings season and the economy. Retail sales were weak. The…

Canada reported incredibly strong jobs data before the weekend.  Canada grew 93.2k jobs, more than 4 times more than than market expected.  It grew almost 50k full time jobs.  These are impressive numbers and renews…

Highlights US dollar was mostly firmer vs. the majors in the aftermath of weak US jobs data, but lost ground to EUR and GBP.  While we still think the US outshines the euro zone from a fundamental standpoint, the break of 1.25 last…