BLS Revision is Worse than Expected
…the unemployment rate will be higher a year from now also ticked up. Among white-collar professions, layoffs appear to be accelerating, and many workers are “job-hugging,” reluctant to leave positions in…
…the unemployment rate will be higher a year from now also ticked up. Among white-collar professions, layoffs appear to be accelerating, and many workers are “job-hugging,” reluctant to leave positions in…
…choke collar”; i.e., every time the economy would pick up, gas prices would shoot to $4, cooling the economy down, which would result in gas prices sinking back to $3,…
…colleges and blue-collar employers are trying to harness the rising interest in skilled trades, amping up recruiting efforts aimed at young people.” Now let’s be clear: the unemployment rate overall…
…general mood. Another hit us with this sad but true zinger: “My LinkedIn is a massacre.” That sentiment came up again and again, especially among tech workers, engineers, and white-collar…
…jobs have fallen by 86,000 over the past year, while broader blue-collar jobs are down 166,000. To paraphrase Hans Christian Andersen, the clothes have no emperor. Trump tariffs aren’t working…
…a “choke collar” on growth during the first five years afterward. But it isn’t just the increase per se; rather, as I wrote a few weeks ago, it is a…
…Pessimistic Workers with higher levels of formal education were markedly less optimistic about the job market in 2025 than those with less schooling. This finding could reflect white-collar hiring slowdowns…
…filing a disability claim. He received treatment and was rated at 100 percent for these disabilities. Thanks to VA education benefits, he was able to find good white-collar work and…
…what I used to call the “Oil Choke Collar” of the early 2010’s, when gas prices put a lid on the velocity of any expansion in the early years of…
…real GDP. The same was true in 1988, 1990, 2001, 2004, 2005 (post-Katrina), 2007, and during the “Oil Choke Collar” period of 2011-12. The only exception was during 2001-04 and…