Relevant and even prescient commentary on news, politics and the economy.

July JOLTS report: the broad deceleration in the game of reverse musical chairs (generally) continues

July JOLTS report: the broad deceleration in the game of reverse musical chairs (generally) continues I have been writing since early this year that, because of the pandemic, there have been several million fewer persons looking for work, leaving a huge number of unfilled job vacancies, particularly in the face of a roughly 10% higher […]

July jobs report: in which an absolute positive blowout make me happily wrong

July jobs report: in which an absolute positive blowout make me happily wrong; all pandemic job losses now recovered  –  by New Deal democrat As I wrote earlier this week, the short leading indicators for both jobs (real retail sales) and the unemployment rate (initial jobless claims) have each signaled that we should expect weaker […]

Real retail sales declined in November, but continue to auger well for strong jobs growth

Real retail sales declined in November, but continue to auger well for strong jobs growth, New Deal Democrat Retail sales, one of my favorite “real” economic indicators, were reported this morning for November. They increased 0.3% for the month, and October’s blockbuster report was revised 0.1% higher, to +1.8%. After inflation, though, “real” retail sales declined […]

Our relationship of work, technology and life

I stumbled upon this article riding home yesterday. It is a pod cast called: On the Media. I catch it at times on my local NPR. Some very intriguing discussions are presented. This one is very timely considering the great dropout in the work force. Or, “resignation” as it is being called. It caught my […]

Job Openings Jump 12% to Another Record in April

Record High Job Quitting; Record Low Layoff Rate, MarketWatch 666, AB Commenter and Blogger RJS The Job Openings and Labor Turnover Survey (JOLTS) report for April from the Bureau of Labor Statistics estimated seasonally adjusted job openings jumped by by 998,000, from 8,288,000 in March to 9,286,000 job openings in April, after March’s record job openings were […]

It’s crunch time. Just a little reminder from Ross

Just a little reminder for everyone.  It’s not just his “giant sucking sound” comment.  It’s the time frame he noted, and the advantages to a business going to a foreign nation.  Well, tomorrow is the Fast Track vote and there are some dem’s who are not taking the threat of loosing their job seriously enough.

Rapacious, monopolistic robotic,

Krugman changes his mind Naked Capitalism In a recent post Krugman says the following Paul Krugman is Wrong about the Rise of the Robots Wapo Reminds me of conscious capitalism from Tyler Cowen’s review Conscious Capitalism Mish Shedlock Robotic surgeons

The Disease of the 21st Century…

Via AlterNet, Lynn Parramore describes: Job Insecurity: It’s the Disease of the 21st Century — And It’s Killing Us A massive, Xanax-fueled public health crisis driven by chronic employment worry is headed our way. Remember Dilbert, the mid-level, white-collar Cubicle Guy of the ’90s who could never seem to get ahead? In the 21st century, […]