Markets

Why 12.6 Million People Left The Workforce Since 2007 In One Chart

Your must-read of the day is Matthew Boesler’s examination of the impact of retiring Baby Boomers on the Labour Force Participation Rate. Short-story: While it’s true that the Labour Force Participation Rate of the Baby Boomer cohort has ticked up a bit, the overall shift from prime-age workers to Baby […]
Why 12.6 Million People Left The Workforce Since 2007 In One Chart
Markets

Wall Street Has Smoked Main Street Since The Financial Crisis

The U.S. stock market has spent much of 2013 blowing past its all-time highs, which is great for… about half of Americans. According to a recent Gallup poll, just 52% of Americans are personally or jointly (with a spouse) invested in stocks, the lowest level since at least 1998. The […]
Wall Street Has Smoked Main Street Since The Financial Crisis
Markets

LABOUR FORCE PARTICIPATION RISES

The November nonfarm payrolls report was just released, and it beat expectations. The labour force participation rate rose to 63.0% from 62.8% the month before. The American economy added 203,000 nonfarm payrolls in November, above the 185,000 consensus estimate. The unemployment rate ticked down to 7.0% from 7.3% in October. […]
LABOUR FORCE PARTICIPATION RISES
Markets

UBS: Here’s How We Get To The Fed’s 6.5% Unemployment Rate Threshold

The unemployment rate — determined by the balance between job and labour force growth — may become “the single most important interest rate determinant over the next few years,” according to the UBS economics team. As the unemployment rate falls slowly but surely, many sceptics have pointed to the steady […]
UBS: Here’s How We Get To The Fed’s 6.5% Unemployment Rate Threshold
Markets

Free Exchange: The Missing Millions

Rising disability claims may explain America’s shrinking labour force IN THE early 1980s the distressing persistence of high unemployment in Europe was labelled “Eurosclerosis”. Some now wonder whether “Amerisclerosis” is the right word to describe America’s labour market. It is true that unemployment has slowly dropped from a peak of […]
Free Exchange: The Missing Millions
Markets

Labour Force Participation Rate Drops

The August nonfarm payrolls report was just released, missing economist expectations. The labour force participation rate fell to 63.2% from 63.4% the month before. The American economy added 169,000 nonfarm payrolls in August. Economists were expecting 180,000 new payrolls in this report. The unemployment rate dropped to 7.3% from 7.4%, […]
Labour Force Participation Rate Drops
Markets

Labour Force Participation Rate Falls In July

The July nonfarm payrolls report was just released, and it came in below expectations. The American economy added 162,000 nonfarm payrolls in July after creating a downward-revised 188,000 in June. Economists were looking for 185,000 new payrolls in this report. Despite the lackluster job growth, the unemployment rate still managed […]
Labour Force Participation Rate Falls In July
Markets

Paul Krugman Is Very Concerned About The Ominous Threat Posed By Robots

[credit provider=”Frontline”] The focus of a few of Paul Krugman’s recent blog posts and his most recent New York Times column is robots and how they are fundamentally changing the U.S. labour market.The upshot of Krugman’s argument is this: income inequality has been increasing for years in the United States, […]
Paul Krugman Is Very Concerned About The Ominous Threat Posed By Robots
Markets

We’re About To Get One Of The Most Important Jobs Reports In History — Here’s What You Need To Know

[credit provider=”AP Images” url=”http://www.apimages.com/OneUp.aspx?st=k&kw=Ohio%20unemployment&showact=results&sort=relevance&intv=None&sh=10&kwstyle=and&adte=1336089853&pagez=60&cfasstyle=AND&rids=37529724237944ae91870ef559d69ef6&dbm=PY2011&page=1&xslt=1&mediatype=Photo”] Today’s nonfarm payrolls data – out at 8:30 AM ET in the U.S. – is the final jobs report before the presidential election on November 6.Consensus estimates are for 125k new jobs, and the unemployment rate is expected to rise to 7.9 per cent from 7.8 […]
We’re About To Get One Of The Most Important Jobs Reports In History — Here’s What You Need To Know
Markets

BAROFSKY: Calling BS On The BS On The BLS

Jack Welch triggered a firestorm today by suggesting that a group of employees at the labour Department decided to risk their careers, reputations, and potentially their liberty by fraudulently manipulating the unemployment numbers in today’s BLS report to make the anemic economic recovery look less bad than it actually is. 
BAROFSKY: Calling BS On The BS On The BLS
Markets

The 21 Largest Mass Layoffs Of The Year

[credit provider=”AP Images”] Today, Challenger grey and Christmas announced that more than 352,185 people have been fired since the year began.Although that number has improved from the spring, cuts continue to mount as employers look to trim costs. 
The 21 Largest Mass Layoffs Of The Year
Markets

US Manufacturing Grows Faster Than Expected

[credit provider=”Spencer Platt/Getty Images”] UPDATE:Manufacturing in the U.S. expanded at a faster-than-anticipated clip in August but remained near recent lows hit earlier this summer, new data out of Markit Economics shows.
US Manufacturing Grows Faster Than Expected
Markets

CHART: The Dwindling Number Of Wall Street Bankers

News hit over the past few weeks that a number of Wall Street heavyweights, including Goldman Sachs and Deutsche Bank, were once again cutting payrolls, while others, like Bank of America Merrill Lynch, were lowering bonuses.
CHART: The Dwindling Number Of Wall Street Bankers
Markets

Consumer Confidence Jumps To 73.6

[credit provider=”Net Efekt / Flickr, CC” url=”http://www.flickr.com/photos/wheatfields/3275702181/sizes/z/in/photostream/”] UPDATE:Consumer sentiment turned higher after three consecutive months of decline, new data out of the University Michigan shows.
Consumer Confidence Jumps To 73.6
News

Only 4 Jobs In America Pay More Than Being A Lawyer

[credit provider=”Kevin mcShane/Flickr” url=”http://www.flickr.com/photos/lobraumeister/4066636415/sizes/m/in/photostream/”] Despite the bleak job market for law school grads, things don’t look completely terrible for the legal industry.Lawyers are the fifth-highest paid professionals in the country, MSNBC reported Tuesday, analysing recent numbers from the Bureau of labour Statistics.
Only 4 Jobs In America Pay More Than Being A Lawyer
News

The Dramatic Rise And Fall Of labour Unions In One Chart

[credit provider=”Mark WIlson / Getty”] Unions membership is declining to levels of the early 1900’s and will probably continue to fade out.As technology replaced unskilled workers, standards for manufacturing employees became higher, making it too expensive to unionize, according to a study by Emin M. Dinlersoz at the U.S. Census Bureau […]
The Dramatic Rise And Fall Of labour Unions In One Chart
News

Including People That Have Stopped Looking For Work Since Obama Took Office, The Unemployment Rate Is 11.1%

[credit provider=”The American Enterprise Institute” url=”http://blog.american.com/2012/05/the-awful-april-jobs-report-is-the-real-unemployment-rate-11-1/”] Any way you slice or dice it, the April jobs report was terrible—and terribly disappointing. Employers added just 115,000 workers to their payrolls last month, way below the 180,000 Wall Street economists were expecting. Hiring has now slowed in three straight months. Job growth in March and April […]
Including People That Have Stopped Looking For Work Since Obama Took Office, The Unemployment Rate Is 11.1%