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 […]
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 […]
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 […]
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 […]
Worth a look. Job Losses Post-WWII Recessions (Bill McBride, Calculated Risk) Click on graph for larger image.
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 […]
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 […]
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 […]
by Rebecca Wilder Does the US Corporate Saving Rate Portend a Lower Unemployment Rate? An interesting thing happened in Q4 2011: the corporate saving rate declined following two quarters of gains. Nominal net saving by the domestic business sector fell 3%, while nominal gross fixed investment and inventories surged 6% – the two pushed the […]
by Rebecca Wilder Which Economy Is Pursuing Procyclical Fiscal Policy? Today the BLS reported that the US unemployment rate dropped to 8.3% in January 2012. This is the lowest measured rate since February 2009 – a local trough. Also this week, Eurostat reported that the Euro area (EA) unemployment rate stabilized in December at 10.4%. […]