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Market Oracle FREE Newsletter

Category: Unemployment

The analysis published under this category are as follows.

Economics

Friday, March 10, 2017

American Men Are Giving Up on Jobs / Economics / Unemployment

By: John_Mauldin

I’ve written about this before, but there are 10 million American males between the age of 24 and 64 who have literally dropped out of the workforce. It means that they have given up on finding a job or are simply not looking.

But, focusing on just one subset among those who are 24–64, we see that white working-class males’ labor force participation rate has dropped to 59%.

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Economics

Tuesday, December 20, 2016

Warnings We’ll Wish We’d Heeded — Plunging US Jobless Claims / Economics / Unemployment

By: John_Rubino

It’s the same story every time: Imbalances build up during a recovery but most investors ignore them because good times have become the new normal and the uptrend seems bullet-proof. Then things fall apart and everyone wishes they’d paid attention to history.

This series will cover a few of the more glaring examples of late-cycle myopia, beginning with jobless claims, i.e., the number of people joining the ranks of the unemployed.

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Economics

Tuesday, February 09, 2016

One Chart Depicts Economic Recovery 100% Fiction / Economics / Unemployment

By: Sol_Palha

Anything I've ever done that ultimately was worthwhile... initially scared me to death.

Betty Bender

They say a picture is worth a thousand words and this chart is probably worth a lot more.  It illustrates how the BLS has been lying through its teeth over the past seven years. Then again anyone with a grain of common sense could figure out that the retarded methodology the BLS employs is bound to create the illusion that all is well. They purposely discount individuals that have stopped looking for work in coming up with their unemployment numbers. Hence, the 5% figure is not an accurate reflection of the landscape. The chart below provides a more realistic view of the unemployed in the U.S and in some areas we believe that the numbers could be more than 30%

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Economics

Saturday, August 08, 2015

U.S. Official Unemployment 5.3%, Real 10.4% / Economics / Unemployment

By: Mike_Shedlock

Initial Reaction

Today's job report (for July) once again showed a divergence between the household survey and the establishment survey.

The divergence was not as large as last month, but was in the same usual direction: The establishment survey was stronger than the household survey.

Household survey employment rose by 101,000 while the establishment survey shows an increase of 215,000 jobs.

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Economics

Thursday, February 19, 2015

UK Unemployment Plunge Conservative Election Boost / Economics / Unemployment

By: Nadeem_Walayat

UK unemployment falls to its lowest level for 6 years as statistics for the 3 months to December 2014 register a drop of 97,000 claimants to 1.86 million, standing at 5.7% of the workforce, and down nearly 1/2 million on a year ago that illustrates a continuing strong trend in the reduction of domestic unemployment that is set against approx 700,000 jobs created. The difference being that these jobs have gone to migrant workers from firstly Eastern Europe and then the bankrupting PIIGS nations with Spain, Portugal and Greece that have lost many of their brightest to the likes of Britain's NHS, so if your puzzled by the origins of your accented NHS consultant then you may find that they are probably Greek.

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Politics

Tuesday, December 09, 2014

Unemployment in America: Another Fabricated Jobs Report / Politics / Unemployment

By: Paul_Craig_Roberts

Friday’s payroll jobs report is another government fairy tale or, to avoid polite euphemisms, another packet of lies just like the House of Representatives Resolution against Russia and every other statement that comes out of Washington.

Washington is averse to truth. Washington can only lie.

First let’s pretend that the 321,000 new jobs that the government claims the economy created in November are true, and let’s see where these jobs are.

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Economics

Saturday, November 29, 2014

US Unemployment At Lowest Rate Since 2009 / Economics / Unemployment

By: Boris_Dzhingarov

After painstaking growth, complaints of padded figures, and fears of underemployment among those lucky enough to have jobs, America finally sees its national unemployment rates in the 5.2-5.5% range. At this level, the Federal Reserve considers the market to represent full employment, with very nearly all of those actively desiring employment working or reasonably able to find work. An added bonus for government forecasters is that this rate of improvement is in keeping with their predictions, but comes a full quarter early.

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Economics

Saturday, October 11, 2014

U.S. 5.5% Unemployment Rate Represents Full Employment / Economics / Unemployment

By: EconMatters

3-5 Months Ahead of Fed Forecasts for Employment Levels

What has sort of gone under the radar recently with Ebola fear mongering, Europe throwing a tizzy fit until they get their ‘stimulus fix’ and everything is miraculously all well again, profit taking in front of earning`s season here in the US, and oil on one of its customary $20 trading range moves to the downside is that last Friday the unemployment rate dropped to 5.9% due to another robust employment report and several upward revisions to prior month`s reports. Yes we are in the 5`s for unemployment, well ahead of everyone`s forecasts including the Federal Reserve.

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Economics

Thursday, October 09, 2014

Youth Unemployment - The Disgrace of Sacrificing a Generation / Economics / Unemployment

By: Raul_I_Meijer

Would you like to know how bankrupt our societies are? Financially AND morally? Before you say yes, please do acknowledge that you too ar eparty to the bankruptcy. Even if you have means, or you have no debt, or you’re under 25, you’re still letting it happen. And you may have tons of reasons or excuses for that, but you’re still letting it happen.

Our financial and moral bankruptcy shows – arguably – nowhere better than in the way we treat our children. A favorite theme of mine is that any parent you ask will swear to God and cross and hope to die that they love their kids to death, but the facts say otherwise. We only love them as far as the tips of our noses, or as far as the curb. That means you too.

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Economics

Tuesday, August 12, 2014

The De-industrialization of America: “True U.S. Unemployment Rate is 23.2%” / Economics / Unemployment

By: Paul_Craig_Roberts

On January 6, 2004, Paul Craig Roberts and US Senator Charles Schumer published a jointly written article on the op-ed page of the New York Times titled “Second Thoughts on Free Trade.” The article pointed out that the US had entered a new economic era in which American workers face “direct global competition at almost every job level–from the machinist to the software engineer to the Wall Street analyst. Any worker whose job does not require daily face-to-face interaction is now in jeopardy of being replaced by a lower-paid equally skilled worker thousands of miles away. American jobs are being lost not to competition from foreign companies, but to multinational corporations that are cutting costs by shifting operations to low-wage countries.” Roberts and Schumer challenged the correctness of economists’ views that jobs off-shoring was merely the operation of mutually beneficial free trade, about which no concerns were warranted.

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Economics

Tuesday, June 17, 2014

U.S. Unemployment - They’re Lying To Us / Economics / Unemployment

By: John_Rubino

One of the frustrating things about the monthly US jobs report is the way everyone focuses on the wrong number. The headline says “unemployment falls…” which sounds great, while the small print, which almost no one seems to read, explains that most of the improvement is due to people dropping out of the labor force. The number of new jobs created is frequently small or negative.

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Economics

Thursday, June 12, 2014

Unemployment and A Tale of Two Financial Crises / Economics / Unemployment

By: MISES

D.W. MacKenzie writes: The latest GDP report indicates a slowdown in overall economic activity in the first quarter of 2014. Apologists for the Obama administration attribute the recent slowdown to unusual winter weather. Some have even suggested that the first-quarter slowdown sets the stage for rapid economic growth for the remainder of this year: there is pent up demand and untapped potential productivity, they claim. Mobilization of unemployed resources and satisfaction of unmet demands could, in the remainder of 2014, translate into a faster annual rate of GDP growth, perhaps 3.5 percent. The flaws of this argument should be obvious. One can just as easily argue that the much larger slowdown of 2008 set the stage for fast growth in the 2009-2013 time frame. The 2008 crisis left us with much greater pent up demand and untapped productivity. Yet the recovery that began in 2009 nearly stalled in 2010 and has been extraordinarily slow. Why has the recovery been so very slow?

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Economics

Wednesday, January 22, 2014

Welfare, Minimum Wages, and Unemployment / Economics / Unemployment

By: LewRockwell

Gregory Morin writes: Of the various flavors of government interventionism in our lives, the minimum wage is perhaps the most welcomed. It appeals not only to our innate sense of “fairness” but also to our self-interest. Its allure may erroneously lead us to the conclusion that because “it is popular,” ergo “it is right.”

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Economics

Friday, November 29, 2013

Unemployed and Deployed in America / Economics / Unemployment

By: Jeff_Berwick

Wendy McElroy writes: Unemployment will be a global tipping point in 2014, and America will tip as well. Europe is already panicking about the likelihood of young people rioting in the streets next summer. The 17-nation Eurozone is predicting severe riots due to soaring unemployment, especially among the young. In September, the Eurozone's general unemployment rate was 12.2%; the rate for young workers was 24.1%. According to the Organization for Economic Cooperation and Development, youth unemployment is nearly 60% in Greece, 55% in Spain and 40 percent in Italy and Portugal.

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Politics

Wednesday, September 25, 2013

Corporate Profits and Worker Unemployment / Politics / Unemployment

By: BATR

The informative business publication, Zero Hedge, featured the voice of common sense and economic insight, Rick Santelli.

"CNBC's Rick Santelli asks the (rhetorical) question that everyone should ask: "[What the Fed minutes said] is, listen, we have to wait for bigger confirmation that the economy is doing better; and for that, we're going to look at the employment side. [At the same time] we have the fewest people working that can work in 30 years, and all-time-record-high profits for corporations. Now, does that strategy sound rational to you?" It seems, now that Bernanke has seemingly promised that it will really never end, that Santelli's question will become increasingly critical in this country."

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Politics

Saturday, July 06, 2013

No Hope On The Jobs Front: Rising Unemployment in America / Politics / Unemployment

By: Paul_Craig_Roberts

Do you remember the promise of the New Economy that was going to replace the lost “dirty fingernail” manufacturing jobs with innovative highly paid New Economy jobs? Well, the promise was just another deception from the elites who have stolen Americans’ future.

For the umpteenth consecutive month and year, the June BLS payroll jobs report (released on July 5) shows that the US economy has created no such jobs. The same old tired categories account for the same old lowly paid new domestic service jobs.

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Politics

Sunday, June 09, 2013

Another Phony U.S. Jobs Report From A Government That Lies About Everything / Politics / Unemployment

By: Paul_Craig_Roberts

The payroll jobs report for May released today continues the fantasy.

Goods producing jobs declined, with manufacturing losing another 4,000 jobs, but the New Economy produced 179,000 service jobs.

Are these jobs the high-powered, high-wage “innovation jobs” that economists promised would be our reward from Globalism. I’m afraid not.

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Economics

Sunday, June 02, 2013

More Euro-zone Economic Austerity in face of Record Unemployment / Economics / Unemployment

By: Global_Research

Christoph Dreier writes: Unemployment in the euro zone hit a two-year high in April. According to the latest figures of Europe’s Eurostat statistical agency published on Friday, the unemployment rate rose from 12.1 percent in March to 12.2 percent last month. Fully 24.4 percent of young workers have no job.

The highest jobless rates are found in the southern countries, which have plunged into deep recessions since 2008. At the top of the list is Greece, with an unemployment rate of 27.0 percent, an estimated economic contraction of 4.2 percent this year. A stunning 62.5 percent of youth are out of work.

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Economics

Friday, May 31, 2013

Euro-zone Unemployment Crisis Driving Workers to Migrate to UK / Economics / Unemployment

By: Nadeem_Walayat

Euro-zone unemployment rates hit new economic depression extremes, with Greece leading the PIIGS nations that collectively have a youth unemployment rate of more than 50% that continues to encourage mass migration out of the PIIGS to either Germany, or the UK as the below table illustrates there exists a huge gap between the single markets jobs markets.

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Politics

Sunday, May 26, 2013

An Even Deadlier Disaster than Bangladesh Garment Factory Collapse for the Third World / Politics / Unemployment

By: George_Reisman

The recent collapse of a garment factory building in Bangladesh, resulting in the death, at latest count, of more than 1,100 workers who were employed there, has led to international outrage not only against the building’s owner but also against the various retailers in the United States and Europe, many of them prominent, that have sold clothing produced in that building. It is demanded that they assume responsibility for working conditions in the factories that supply them and not deal with factories that do not provide safe and humane conditions and pay fair wages.

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