Browsing Tag

Unemployment

Chart of the day: jobless claims

At 8:30 EDT this morning, the Labor department released its jobless claims numbers. The numbers are not appreciably different than a week ago. But they are largely consistent with recession: 384,000 jobless claims and 3,139,000 continuing…

Citigroup to slash jobs

Rumors are that Citigroup is also going to have another big writedown.Citigroup Inc., in the latest sign of bloodletting on Wall Street, is set this week to embark on an aggressive round of layoffs within its investment-banking division,…

Chart of the day: Continuing Claims

The U.S. Department of Labor just released the weekly report for unemployment insurance claims. Initial claims were 384,000, while continuing claims rose to 3.139 million. The 4-week average moved up to 3,099,250. This is 593,000 more…

Another Perfect Recession Indicator

Barry Ritholtz at the Big Picture is on to something. He has found A Perfect Recession Indicator. Since 1953, when year-over-year Non-Farm payrolls have gone negative, there has been a recession. This happened nine out of nine times for…

US Recession Signals

The U.S. has been flashing red regarding recession for some time despite the naysayers.First, let me define recession because you usually hear that it's two consecutive quarters of a decline in real GDP. Not exactly. The National Bureau…

Last week’s employment numbers

As with the GDP numbers last week, the employment numbers were very dubious indeed. The headline number was still a loss of 20,000 jobs. However, the detail point to likely revisions much beyond that number when more exact data have been…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More