Category: Unemployment
The analysis published under this category are as follows.
Tuesday, March 05, 2013
Europe, Unemployment and Instability / Economics / Unemployment
By: STRATFOR
The global financial crisis of 2008 has slowly yielded to a global unemployment crisis. This unemployment crisis will, fairly quickly, give way to a political crisis. The crisis involves all three of the major pillars of the global system -- Europe, China and the United States. The level of intensity differs, the political response differs and the relationship to the financial crisis differs. But there is a common element, which is that unemployment is increasingly replacing finance as the central problem of the financial system.
Friday, February 15, 2013
Obama's New Minimum Wage Will Eliminate At Least 467,000 Jobs / Politics / Unemployment
By: Money_Morning
Ben Gersten writes: In his State of the Union address Tuesday night, President Barack Obama urged Congress to raise the minimum wage from $7.25 to $9, saying the move would reduce poverty and stimulate the economy.
"Tonight, let's declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9 an hour," President Obama said. "This single step would raise the incomes of millions of working families. It could mean the difference between groceries or the food bank, rent or eviction, scraping by or finally getting ahead.
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Tuesday, February 12, 2013
State of The Union - Where is U.S. Unemployment Headed? / Politics / Unemployment
By: Ian_R_Campbell
This evening Eastern Time U.S. President Obama is scheduled to give his annual 'State of the Union' address. Favoured topics are said to be U.S. unemployment and jobs creation, and gun control. I expect Mr. Obama also to address the issue of defense spending, where he recently has been reported as saying 'Deep cuts' threat to security, Obama says in reference to pending defense budget cuts.
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Friday, February 01, 2013
January 2013 Jobs Report: Four Reasons U.S. Unemployment Will Stay High / Economics / Unemployment
By: Money_Morning
Diane Alter writes: The U.S. Labor Department released the January 2013 jobs report Friday, showing the unemployment rate inched upward from 7.8% to 7.9%.
Employers added 157,000 jobs in January, short estimates of 168,000, which would have kept the unemployment rate stable.
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Friday, January 25, 2013
High Unemployment Isn’t Just an American Dilemma / Economics / Unemployment
By: InvestmentContrarian
George Leong writes: We have nearly eight percent of Americans pounding the pavement, but it is more likely double that if you count the workers actually unemployed or underemployed. But the problem of high unemployment is not only an ongoing issue in America; it’s a problem that is found in pockets all around the world, from the rust belt in Ohio to the massive manufacturing plants in China.
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Thursday, December 13, 2012
U.S. Unemployment, What if the BLS Labor Force Participation Rate Projections Are Wrong? / Economics / Unemployment
By: Mike_Shedlock
On Monday, my "question of the day" was What will the unemployment rate look like for the rest of the decade?
Click on the above link to see an interactive map that lets you select the rate of job growth up to January of 2020.
Friday, November 02, 2012
Manipulated U.S. Jobs Report Good for Obama / ElectionOracle / Unemployment
By: Mike_Shedlock
Initial Reaction and Election Impact
The establishment report of +171,000 jobs was above what most expected. Hurricane Sandy had no effect. The BLS finished gathering stats before the hurricane hit. This report will likely be viewed as favorable for the president.
On the surface, and in detail, this is the best jobs report in quite a while. Jobs gained were full-time jobs for a change. I do not attribute this report to BLS manipulation.
Tuesday, October 09, 2012
U.S. Unemployment Rate Drop Surprise / Economics / Unemployment
By: John_Mauldin
The unemployment number surprisingly dropped to 7.8% last Friday, and the shoot-from-the-hip crowd came out in force. To say that the jobs report was met with skepticism would be a serious understatement. The response that got the most immediate airplay was ex-GE CEO Jack Welch (who knows a few things about making a number say what you want it to say) tweeting, "Unbelievable job numbers ... these Chicago guys will do anything ... can't debate so change numbers."
Not be left out, Fox Business quoted Ed Butowsky of Chapwood Capital Investment: "'No way in the world these numbers are accurate,' he said. 'Somebody needs to do an investigation.... Investigate these numbers.'"
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Tuesday, October 09, 2012
U.S. Jobs Lies, Damned Lies and the 7.8% Unemployment Rate / Economics / Unemployment
By: The_Gold_Report
Shadowstats.com Author John Williams wonders if politics are at play behind the latest jobs report, which shows 114,000 new U.S. jobs since September and a 0.3% drop in unemployment since August. Investors need to know how seasonal factors and month-to-month volatility affect the Bureau of Labor Statistics' reports. In this exclusive interview with The Gold Report , Williams explains why he doubts that we are in a recovery. The take-away? Look at the unadjusted figures before you sell your gold.
Monday, October 08, 2012
Manipulating the U.S. Unemployment Rate, About That "Expected" Drop In Participation Rate / Politics / Unemployment
By: Mike_Shedlock
Calculated Risk had an interesting but misleading post A decline in the participation rate was expected due to the aging population.
Read full article... Read full article...This decline in the participation rate has been expected for years. Here are three projections (two from before the recession started). The key to these projections is that the decline in the participation rates was expected:
Saturday, October 06, 2012
Another Phony US Employment Report: Spiralling Number of Involuntary Partime Workers / Politics / Unemployment
By: Paul_Craig_Roberts
The employment report from the Bureau of Labor Statistics shows 114,000 new jobs in September and a drop in the rate of unemployment from 8.1% to 7.8%. As 114,000 new jobs are not sufficient to stay even with population growth, the drop in the unemployment rate is the result of not counting discouraged workers who are defined away as “not in the labor force.”
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Thursday, September 06, 2012
U.S. Structural Unemployment Trillion Dollar Question / Economics / Unemployment
By: Ian_R_Campbell
Why read: Because it is arguable that the most important questions facing America and its politicians today are:
Wednesday, September 05, 2012
The Permanent Unemployment Economy / Politics / Unemployment
By: BATR
The official underreporting of the unemployment statistics is a well-known fact. The cavalier dismissal of the systemic dismantling of the market economy by the Obama administration is undeniable. Notwithstanding, the lack of living wage jobs is not simply a partisan issue. Ever since the adoption of the globalist free trade betrayal, the national suicide of the free enterprise economy has continued. Transiting skilled employees into government dependents is an overt component of the "New Age" of reduced wealth and servitude for the ordinary American.
Tuesday, August 07, 2012
Why More Money Printing Will Increase Unemployment / Economics / Unemployment
By: Michael_Pento
Money Printing Doesn’t Create Jobs
The developed world’s central banks are now foolishly preparing for a full assault on their respective currencies in an attempt to lower unemployment rates. Spurring these central bankers into action is persistently anemic markets and employment data, which they believe can be rectified by creating inflation.
Friday, July 13, 2012
U.S. Labour Market Distortions Lead to a Sharp Drop of Initial Jobless Claims / Economics / Unemployment
By: Asha_Bangalore
Initial jobless claims fell 26,000 during the week ended July 7 to 350,000. The sharp decline would be bullish if in fact it was not distorted by the July 4 holiday and fewer summer auto plant shutdowns. Typically in the summer, auto plant shutdowns and return of auto workers causes wide swings in jobless claims numbers.
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Wednesday, June 13, 2012
Unemployment as a Lifestyle / Politics / Unemployment
By: BATR
All one hears is that the lack of jobs is the number one economic problem. Well documented are endless examples of systemic destruction in employment opportunities. The negative consequences of off shoring corporate jobs are undeniable. Up until now, the little attention placed on the psychological mindsets that build the structural impediments for a healthy main street economy, keep a serious discussion on jobs, just going in circles.
Friday, June 01, 2012
U.S. Payroll's Disaster Made Worse by Grossly Distorted Unemployment Statistics / Economics / Unemployment
By: Mike_Shedlock
Jobs +69,000, Employment Rate +.1 to 8.2%, April Jobs Revised Lower to +77,000; Long-term Unemployment +310,000
Quick Notes About the Unemployment Rate
- US Unemployment Rate rose .01 to 8.2%
- In the last year, the civilian population rose by 3,653,000. Yet the labor force only rose by 1,307,000. Those not in the labor force rose by 2,345,000.
- This month the Civilian Labor Force rose by 642,000.
- Those "Not in Labor Force" decreased by 461,000. If you are not in the labor force, you are not counted as unemployed.
- Those "Not in Labor Force" fell to 87,958,000 from last month's record high of 88,419,000.
- By the Household Survey, the number of people employed rose by 422,000.
- By the Household Survey, over the course of the last year, the number of people employed rose by 2,479,000.
- Participation Rate rose .2 to 63.8%
- There are 8,098,000 workers who are working part-time but want full-time work, an increase of 245,000
- Thus of the the net of 422,000 people presumably hired by the household survey, 245,000 were for part-time jobs.
- Long-Term unemployment (27 weeks and over) rose by 310,000.
- Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%.
Friday, May 18, 2012
Will the Fed and the ECB Put in Place New Financial Accommodation? / Economics / Unemployment
By: Asha_Bangalore
The Fed and the European Central (ECB) face different policy challenges at the moment but the nature of recent economic developments has raised the probability of both central banks likely to consider another round of monetary policy support, with the Fed having significantly more room to ponder compared with the ECB.
Thursday, May 17, 2012
Europe An Accident Waiting to Happen, or 'Ever Closer To The Cliff'! / Economics / Unemployment
By: Ian_R_Campbell
Why Read: Because Youth Unemployment has to be at or near the top of both near-term and long-term economic issues that must be addressed, or if they aren't, bring the 'edge of the economic and societal cliff' ever closer.
Featured Article: A May 14 article focuses on Europe's youth unemployment numbers. The article reports that not only do many European countries currently suffer from serious youth unemployment rates, but also points out that while this may be a somewhat exacerbated problem currently, it is not a new phenomenon in many European countries. For example, the article reports that while youth unemployment rates have reached 51% in Greece and Spain, 36% in Italy, and 30% in Ireland, the average youth unemployment rate for the past 40 years has been:
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Monday, May 07, 2012
Keynes' Legacy is 24% Unemployment Rate / Economics / Unemployment
By: Ned_W_Schmidt
In "'Lost generation' to suffer years of unemployment", Financial Times, 3 May, the legacy of Keynes was summed up by comments on Spanish youth,
"More than half of those under 25 are without work and face a bleak future. . ."
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