Browsing Tag

Unemployment

Jobs Data Disappoint

The US employment data was disappointing.  The key measure of private sector job creation was only 41k compared with expectations for 180k and a 3 month moving average of 155.6k.  The fact that the unemployment rate ticked down is…

Jobs Data in Focus

Highlights The US dollar trading higher just as the North American session is about to start.  However, position squaring in Asia and Europe had pushed short-term technical indicators into an over-extended condition and near-midday in…

Why It’s Not A Normal Recovery

By Comstock Partners In our comment of April 22nd we said that the impression that the economy was undergoing a normal economic recovery was highly misleading, and outlined a number of key economic series that supported our case that the…

Deficit Hawk Hypocrisy

Marshall Auerback presents us with a perspective on how deficit hawks want to cut social programs but leave defense spending untouched while completely overlooking the fiscal cost of bailouts (originally published at New Deal 2.0). Harold…

Spain’s Unemployment Problem

Well, according to a popular urban legend, Spain’s unemployment rate - which is the second highest in the EU after Latvia - is currently running at something just a touch over 20%. Or is it? The unemployment problem I wish to address here…

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