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Tag Archives: Unemployment
Greece Is Now Just A Political Issue
Greece Is Now Just A Political Issue Greece paid off the IMF yesterday with its IMF reserves. Is that a big deal? Whatever you may want to read into this, it’s been obvious for years that Greece needs major debt restructuring if it wants to move forward and have a future as a country -let […]
The Goldilocks Illusion
The Goldilocks Illusion Why Market Participants Liked the Payrolls Report Some people have wondered why the stock market reacted with such a big rally to last Friday’s payrolls data. After all, the report wasn’t much to write home about, especially if one ponders the details. In addition, the already weak March payrolls data were revised lower […]
Economic Disinformation Keeps Financial Markets Up
Economic Disinformation Keeps Financial Markets Up Today’s payroll jobs report is more of the same. The Bureau of Labor Statistics claims that 223,000 new jobs were created in April. Let’s accept the claim and see where the jobs are. Specialty trade contractors are credited with 41,000 jobs equally split between residential and nonresidential. I believe […]
Why the Fed Will Crash the Economy If It Hikes Rates: In Three Charts
Why the Fed Will Crash the Economy If It Hikes Rates: In Three Charts If you’ve been scratching your head since the middle of last year as consumer confidence surveys depicted an optimistic, eager to spend consumer while other hard economic data was showing a sputtering economy, we’re here to put your mind to rest. […]
Jobless Folks, Working Moms, and More Left Out of Canada’s Budget
Jobless Folks, Working Moms, and More Left Out of Canada’s Budget Facing economic trouble ahead, Conservatives offer bouquet of tax breaks for the wealthy Wasn’t it always the student who kept asking for extensions on homework who always wound up turning in the poorest quality work? Finance Minister Joe Oliver tabled the 2015 federal budget […]
The Web: Destroyer or Savior of Culture, Pay and Employment?
The Web: Destroyer or Savior of Culture, Pay and Employment? The cost of creating and distributing content has fallen to near-zero, and that is not going away. Last month I explored the contentious question, Is the Web Destroying the Cultural Economy? In my recent video discussion with analyst Gordon T. Long, we expanded this question to pay […]
10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis
10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any sort of “economic recovery”, and I am going to show that we […]
Eh is not OK: Canada’s Jobs Begin to Unravel
Eh is not OK: Canada’s Jobs Begin to Unravel Canada’s employment stats for February were not what most expected – there was a huge jump in full time jobs. Most commentators tried to put a positive spin on this but I have to disagree. Canada’s labour market is struggling and the outlook for the near […]
The Prosthetic Imagination
The Prosthetic Imagination Two news stories and an op-ed piece in the media in recent days provide a useful introduction to the theme of this week’s post here onThe Archdruid Report. The first news story followed the official announcement that the official unemployment rate here in the United States dropped to 5.5% last month. This […]
Nearly At ‘Full Employment’? 10 Reasons Why The Unemployment Numbers Are A Massive Lie
Nearly At ‘Full Employment’? 10 Reasons Why The Unemployment Numbers Are A Massive Lie On Friday, we learned that the official “unemployment rate” has fallen to 5.5 percent. Since an unemployment rate of 5 percent is considered to be “full employment” by many economists, many in the mainstream media took this as a sign that […]
Oil Bust Mauls Texas Manufacturers, Atlanta Fed Sees Hit to Broader US Economy
Oil Bust Mauls Texas Manufacturers, Atlanta Fed Sees Hit to Broader US Economy By now, every executive in the American oil patch goes through the day with one eye riveted on the price of oil. And on Monday, West Texas Intermediate plunged once again below $50 a barrel. It has become the nightmare price for […]
Our House of Cards
Our House of Cards As John Williams (shadowstats.com) has observed, the payroll jobs reports no longer make any logical or statistical sense. Ask yourself, do you believe that retailers responded to the very disappointing Christmas season by rushing out in January to hire 46,000 more retail clerks? Perhaps those 46,000 retail jobs is the BLS […]
Anxiety and Interest Rates: How Uncertainty Is Weighing on Us
Anxiety and Interest Rates: How Uncertainty Is Weighing on Us Anxiety and uncertainty are weighing on individuals even where the overall economy is growing. Some of this angst is the fallout from advances in information technology. The Internet, ubiquitous computing, robotics, 3-D printers and the like are wonderful advances, yet they may also be personal […]
