Category: Employment
The analysis published under this category are as follows.
Tuesday, September 07, 2021
Weak August Payrolls: Why We Should Care / Economics / Employment
By: Arkadiusz_Sieron
A disappointing nonfarm payrolls report came. If the Fed postpones the tapering announcement considerably, gold might be able to rally for longer.They say that September is a good time for gold. Indeed, historically, gold used to shine during the ninth month, and the yellow metal also started this year’s September on a good note. As the chart below shows, it jumped above $1,800 on the last day of August, and it has continued its rebound since then.
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Friday, July 02, 2021
US Labor Shortage May Be Permanent / Economics / Employment
By: Patrick_Watson
According to some business owners and Wall Street pundits, US employers can’t hire enough people because unemployment benefits are too high. We’re paying people not to work, they say.Certainly, some people who could work are milking the system. That’s sad, but is it the only reason all those jobs are unfilled? Probably not.
Nonetheless, several governors have decided to end the federally funded enhanced benefits. Instead of the planned September expiration, they will now disappear as soon as next week in some states.
If, in fact, benefits are what’s keeping people from working, labor shortages should ease in the states that end them. I think there’s more to the story, though. This problem was already there before those extra benefits. It’s more the result of larger trends that aren’t stopping. If anything, they are getting worse.
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Friday, May 21, 2021
How the Pandemic Is Changing the Labor Market / Economics / Employment
By: Patrick_Watson
When it comes to the US jobs situation, the “One of these things is not like the others” song from Sesame Street comes to mind.We have two competing narratives. Official data says millions are unemployed and seeking work. At the same time, businesses say they can’t find enough workers.
A skills mismatch between the workers who need jobs and the job openings themselves isn’t unusual. But many of today’s available jobs don’t require advanced education.
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Wednesday, December 23, 2020
U.S. Money Reserve on Protecting Your Retirement When Changing Jobs / Personal_Finance / Employment
By: Sumeet_Manhas
The days when an employee stuck with one company throughout their career are largely gone in the U.S. Instead, many workers switch jobs every few years, seeking new opportunities for professional development and salary increases. While a focus on one’s career mobility can be positive, one aspect of such a change is too often neglected—retirement savings. For guidance on how to help protect the savings you have worked hard to earn, we turn to some helpful information via U.S. Money Reserve.
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Monday, October 12, 2020
For Some Remote Workers, It Pays to Stay Home… If Home Stays Local / Personal_Finance / Employment
By: John_Mauldin
By Dawn Pennington : None of us are medically invincible. We saw that last week when the president and first lady announced they had tested positive for COVID-19.
Remote work has helped to save many jobs and lives. And as coronavirus infection and death rates continue to tick higher, many people are settling into the idea of teleworking for the longer haul.
For some, that means social-distancing from expensive cities and seeking more space in the suburbs or across state lines.
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Thursday, September 10, 2020
Unemployment Rate Drops. Will It Drag Gold Down? / Economics / Employment
By: Arkadiusz_Sieron
The U.S. labor market improved in August, although headlines paint too rosy a picture. What does it all mean for the gold market?Great news for the U.S. labor market: according to the BLS, the American economy regained 1.4 million jobs, while the unemployment rate fell below 10 percent for the first time in the pandemic era! To be more precise, the unemployment rate declined from 10.2 percent in July to 8.4 percent in August, as the chart below shows.
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Saturday, February 08, 2020
UK Points-Based Immigration and Its Effect on the Job Market / Personal_Finance / Employment
By: Submissions
When the UK exits from the European Union (EU), freedom of movement ceases, and EU citizens will not be able to come in the UK to live, work or study under the existing immigration rules – and vice versa.
This means a new immigration system will be needed to enable those wanting to come and contribute to the UK to do so. As was proposed in Brexit debates and is still favoured today by the UK Government, a points-based immigration system is likely.
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Wednesday, December 04, 2019
America’s “Full Employment” Hides a Dirty Secret / Economics / Employment
By: John_Mauldin
Should just being “employed” make people/workers happy?
On one level, any job is better than no job. But we also derive much of our identities and self-esteem from our work.
If you aren’t happy with it, you’re probably not happy generally.
Unhappy people can still vote and are often easy marks for shameless politicians to manipulate. Their spending patterns change, too.
So it ends up affecting everyone and everything.
Saturday, May 25, 2019
Employment - The Good and the Bad of Job Automation / Economics / Employment
By: Patrick_Watson
People are worried robots will take their jobs. That’s a legitimate fear sometimes, but it’s not new. It is just another step in a process that started long ago.
The bigger question is whether job automation is good.
If we want the economy to grow, the math is pretty easy. It’s a two-factor equation:
- The number of available workers, multiplied by
- The value of goods and services the average worker produces.
Increase one or both of those and presto, GDP will rise. Automation helps raise the second one. But then it gets complicated.
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Thursday, May 16, 2019
It’s Not Technology but the Fed That Is Taking Away Jobs / Economics / Employment
By: John_Mauldin
You’ve likely heard of the term “income inequality.” It means wealthy people are making a larger share of our collective income.
In one sense, it’s nothing new. The people with the highest incomes have more of the total. Math guarantees it.
But the top’s share has largely grown in recent decades, as has the share of assets owned by the wealthiest.
In fact, Ray Dalio of Bridgewater Associates says that income inequality is now at the same level it was in the Great Depression.
Let’s review some charts from my friend Bruce Mehlman’s latest fascinating slide deck. It does a good job of explaining the drivers of this trend and its striking scale.
Thursday, December 06, 2018
How easy is it to find a job in the UK iGaming industry? / Personal_Finance / Employment
By: Submissions
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Friday, November 02, 2018
5 Good Career Options for Those Who Like Finance / Personal_Finance / Employment
By: Boris_Dzhingarov
One of the most beautiful aspects of the financial field is how vast and versatile it is. There are positions that cater to every skill and aptitude out there and that will allow you to follow a career that actually fits your interests. But with this plethora of choices, finding one career path can be a challenge. Here are just a few great positions you could consider as a finance graduate.
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Wednesday, February 21, 2018
Best Opportunities for Freelance Technical Writing Jobs / Personal_Finance / Employment
By: Submissions
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Thursday, December 14, 2017
The Unprotected, the Protected, the Vulnerably Protected Classes—Which Are You? / Politics / Employment
By: John_Mauldin
Last month I shared in Outside the Box (subscribe here) a new McKinsey report on job automation. Every year, reports like this reflect a process that’s occurred many times in human history.
People discover or invent something useful: fire, the wheel, iron, gunpowder, coal, oil, the steam engine, electricity, the automobile, the airplane, the computer, etc. Life changes as the new knowledge spreads. People either adapt or they don’t.
Those who don’t adapt fade into the background. In the last few decades of their working lives, they end up taking the very lowliest of jobs in order to get some food, clothing, and shelter, but it’s not a comfortable life.
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Wednesday, December 13, 2017
The Jobs Report Misled You—Job and Wage Growth Are Actually Decelerating / Economics / Employment
By: John_Mauldin
The monthly jobs report is one of the most important statistics for investors.
Yes, any single month doesn’t tell us much. Yes, the Labor Department’s methodology has some flaws, both major and minor, which I covered many times in my newsletter, Thoughts from the Frontline (subscribe here). But imperfect as it is, the jobs report is our best look at the economy’s pulse.
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Thursday, November 02, 2017
The Magnitude of Job Loss We Will See in the Next 20 Years Is Staggering / Economics / Employment
By: John_Mauldin
In the next 20 years, we will see more change and improvement than we’ve seen in the last hundred. Think where we were 100 years ago and how much has changed since then. That much and more is going to happen in the next two decades.
Global society really is going to transform that fast.
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Friday, May 12, 2017
The Jobs Market Has Divided Into People Who Are Tech Savvy And Those Who Aren’t / Economics / Employment
By: John_Mauldin
Things keep changing. And at an accelerating pace. One of the most important things to write about—and the most difficult—is the future of work. New Technology destroys old jobs, but it would also create new jobs and opportunities.
A clear example of this is the use of drone technology by the military. It requires about 100 people to prep and launch and maintain an F-16 for a single mission. Keeping an unmanned predator drone in the air for 24 hours requires about 168 workers.
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Friday, May 12, 2017
Robots May Perform Half The Jobs In The US Within 20 Years: Here’s What That Could Mean / Economics / Employment
By: John_Mauldin
Perhaps you don’t think the change that is upon us is a profound one. But consider this: Within two decades, half the jobs in this country may be performed by robots. What then of our unemployment rate? And what of our social safety net?
Opinion is divided. Will the next technological wave further skew the wealth distribution toward the uber-rich? Or will it ultimately create more entrepreneurial and job opportunities than it destroys?
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Wednesday, March 29, 2017
Charts That Reveal US Real Employment Status and It’s Not Good / Economics / Employment
By: John_Mauldin
The “labor force” from which we get unemployment statistics includes only those people who are either working or wish to be working.
It ignores the retired, those in school, the disabled, and nonworking spouses—as well as those who are not interested in working.
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Wednesday, March 22, 2017
Raising the Minimum Wage Is a Jobs Killing Move / Economics / Employment
By: David_Galland
By Stephen McBride: In January, 19 US states raised their respective minimum wages. Washington was among the most generous, hiking by $1.53 (bringing it to $11 per hour). Arizona got an increase of $1.95—their “bottom rung” now sits at $10 per hour.
In all, 4.3 million workers are slated to receive a hike as they earn less than the new minimum wage in their respective states. Well, that’s what’s meant to happen. Judging by the fallout from recent hikes, it seems things aren’t going according to plan.
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