Category: Unemployment
The analysis published under this category are as follows.Friday, January 21, 2011
U.S. Jobless Claims Reverse Gains Posted Last Week / Economics / Unemployment
Initial jobless claims dropped 37,000 to 404,000 during the week ended January 15 after advancing 30,000 in the prior week. Additional weekly readings will be necessary to confirm if the reversal is not temporary.Read full article... Read full article...
Saturday, January 15, 2011
The Global Economic Slump: Dramatic Job Losses in all Major Regions of the World / Economics / Unemployment
Prof David McNally writes: I have never accepted the postmodernist contention that contemporary capitalism is all about smoke and mirrors. The notion that ideology and illusion make the system go round strikes me as another mode of reductionism – this one based on culture rather than, say, economics. But it must be said that, at first blush, the mainstream business media certainly offers some sustenance for the smoke and mirrors thesis.
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Thursday, December 16, 2010
Britain's Jobless Economic Recovery as UK Unemployment Hits 2.5 million / Economics / Unemployment
The latest UK unemployment data caught the mainstream press and academic economists by surprise by showing a rise of 35k to 2.5 million (7.9%) for the three months to September 2010. UK unemployment is particularly hitting young people hard which risks creating a lost generation of increasingly angry youth (19.8% unemployed), as well as 1/2 million jobs expected to be cut from the public sector over the next 2 years, many of whom will find it difficult to adapt to the private sector jobs market.
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Wednesday, December 08, 2010
U.S. Jobs Off Shoring Tsunami Quantitative Easing 3, a Perfect Stagflation Storm / Economics / Unemployment
Whilst most of the recent economic data seem to demonstrate a steady, albeit slow recovery in the United States, the November employment figures from the Labor Dept. threw a curve ball into the mix as the unemployment rate unexpectedly jumped to 9.8% from 9.6% held since August.
That brought the jobless rate to its 19th straight month of 9% or more, which is the longest stretch since World War II, while the unemployment rate of people with a college degree (25 and older) also hit a 40-year high of 5.1%.
Friday, December 03, 2010
More Economic Stimulus Means Fewer U.S. Jobs / Economics / Unemployment
Today's payroll report severely disappointed on the downside and left economists scratching their heads to explain the weakness. The explanation, however, is plain as day. As I have been saying for years, the US economy will not create jobs as long as the Fed keeps interest rates artificially low, and Congress keeps stimulating spending and consumer debt, punishing employers with mandates, regulations, and taxes, crowding out private investment with massive government borrowing, and preventing market forces from restructuring our out-of-balance economy.
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Friday, December 03, 2010
U.S. Labor Market Musings Prior to the November Employment Report / Economics / Unemployment
Labor market indicators are sending a mixed message. Today's jobless claims report continues to suggest that the economic recovery is not sufficiently strong to bring about a meaningful reduction in the number of jobless claims. Initial jobless claims rose 26,000 to 436,000 during the week ended November 27.
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Thursday, November 25, 2010
U.S. Initial Jobless Claims Decline / Economics / Unemployment
Initial jobless claims fell 34,000 to 407,000 during the week ended November 20. This is the lowest count of initial jobless claims since July 19, 2008. The four-week moving average, at 436,000, is noticeably below 450,000, which has been the level around which initial jobless claims have been holding since April. Continuing claims, which lag initial claims by one week, fell 142,000 to 4.182 million. Unemployment insurance claims under special programs also dropped 262,000 for the week ended November 6 (see Chart 7). The decline in initial jobless claims suggests that labor market conditions are improving
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