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

Jobless claims: steady as she goes

 Jobless claims: steady as she goes by New Deal democrat [ Special programming note: yesterday’s Fed action, and more important the statements made afterward, merit special attention. I will put up a special post on that later today.] Initial jobless claims remained at their recent low level, down -1,000 from one week ago to 217,000. […]

August JOLTS report: the game of reverse musical chairs in the jobs market is ending

August JOLTS report: the game of reverse musical chairs in the jobs market is ending  – by New Deal democrat Since early this year I’ve been making the point 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 […]

Resurrecting the metric: initial claims lead the unemployment rate

Resurrecting the metric: initial claims lead the unemployment rate; no recession signal so far  Initial jobless claims declined -2,000 to 229,000 last week, vs. the 50+ year low of 166,000 set in March. The 4 week average rose from 4,500 to 223,500, compared with the all-time low of 170,500 eleven weeks ago.  Continuing claims rose […]

Health news

I’m not sure if there are studies looking at the long term effects of such advice on one’s health especially in this economy, but I can see where in the words of Arlo Guthrie, it could create a movement. Health Experts Recommend Standing up at Desk, Leaving Office and Never Coming Back ROCHESTER, MN—In an […]

Social Security Report Tables & Figures: a Project Sample – Table V.B2

Table V.B2: Additional Economic Assumptions Well I am back and working on a new project in anticipation of the release of the 2015 Report this late Spring. The project involves extracting the Tables and Figures from the Social Security Trustees Report, in this case the 2014, and having them individually web accessible as spreadsheeets or […]

Irish Austerity Exodus Continues

The Eurozone experiment in austerity continues to fail as the peripheral countries endure ongoing cuts. Following up on my post of August 15, it’s time to look at the most recent Irish immigration data to update it through April 2013 (Ireland records population data from May 1 to April 30) and see how it affects […]

Explaining Class Warfare

  Last month one hundred and fourteen thousand unemployed moochers…suddenly yank the government teat out of their mouths, get off the couch for forty hours a week? Why?     I say follow the money; cause I found out, that right around the time those people got those jobs…they started getting paid!   And just […]

Unemployment Rates Across the Euro Area – Tough Times in Key Markets

by Rebecca Wilder Unemployment Rates Across the Euro Area – Tough Times in Key Markets Today Eurostat released its unemployment rate figures for the month of August. The Euro area unemployment rate held firm at 11.4% for the third consecutive month. Spain still has the highest unemployment rate in the euro area, 25.1%, and Greece […]

US wages trail 10 OECD countries, but with higher unemployment than 9 of them

by Kenneth Thomas US wages trail 10 OECD countries, but with higher unemployment than 9 of them Contra Eric Cantor, Labor Day celebrates the importance of labor and the labor movement in American history. But the bluster of Cantor, where he celebrates the so-called job creators, does illustrate that organized labor has been in decline […]