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The “Labor Hoarding” Effect

streettalklive.com / By Lance Roberts / Thursday, May 09, 2013

Just recently the April employment report was released by the Bureau of Labor Statistics (BLS) which showed a surprise jump in employment for the month of April of 165,000 jobs. The general consensus for the report was 153,000 jobs so the“better than expected” news was [...]

Gold and silver hold/Gold declines again at GLD and Comex/Gold deliveries are now 5.97 tonnes for April/Silver at 16.29 million oz

harveyorgan.blogspot.com / Saturday, May 4, 2013

Good morning Ladies and Gentlemen:

Gold closed down $3.40 to $1464.30 (comex closing time). Silver rose by 19 cents to $23.98 (comex closing time).

In the access market at 5 pm gold and silver are the following :

gold: $1470.70. silver: $24.13

At the comex, the open interest [...]

The Government’s Non-Farm Payroll Report Has Taken The Term “Farce” To A Whole New Level

truthingold.blogspot.com / By Dave in Denver / May 3, 2013

I’m not even sure where to start to with today’s April employment report. It was so out of line with all the other economic indicators and with what we know about big banks, big retailers and big manufacturing companies and their numerous announcements of [...]

Average Weekly Hours, The Law Of Large Numbers, And An April 618,000 Payroll… Decline?

zerohedge.com / By Tyler Durden / 05/03/2013 12:35 -0400

While everyone was focusing on the quantitative component of today’s BLS number, it appears what was once again missed in all the noise was the mention of the qualitative aspects of the BLS report: those parts which actually look at the quality of new jobs, not [...]

Some Thoughts on the US Labor Market

marctomarket.com / By Marc Chandler / May 2, 2013

The eventful week concludes with the US employment report tomorrow. It comes on the heels of a series of economic reports that were weaker than the consensus expected and points to a loss of momentum in late Q1 that is carrying into Q2.

Although the [...]

Hiding the Unemployed: Disability and the Politics of Stats

lfb.org / By Wendy McElroy / April 26, 2013

Some statistics cannot be understood without being set within a political framework, because they reflect politics as much as, or more than, they do reality.

The unemployment rate is an example and a cautionary tale.

According to the Bureau of Labor Statistics (BLS), the seasonally [...]

The Decline of Self-Employment and Small Business

charleshughsmith.blogspot.com / By Charles Hugh Smith / April 21, 2013

Small business is the incubator of employment. As it declines, so too do opportunities for first jobs, second chances and economic independence.

Self-employment and small business are two sides of a single economic coin: financial independence. The Bureau of Labor Statistics (BLS) [...]

We Have Discovered The Boom! Record Jobs For Those Who Make Stuff Up

zerohedge.com / By Tyler Durden / April 11, 2013, 10:34 -0400

In what may be the most appropriate chart to summarize not only the entire US “recovery”, the “all time high stock market” and the daily newsflow, we present the number of jobs for those in the motion picture and sound recording industries, i.e, those [...]

The Real Inflation Rate and What to Do About It

news.goldseek.com / By Dennis Miller / Friday, 29 March 2013

A little over a month ago we did a quick poll on what our readers thought the real rate of inflation was. The idea for polling our readers came from the disconnect between the official government rate of around 1% and what some had told [...]

Federal Spending Per Non-Government Worker

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Monday, March 25, 2013 8:16 PM

Here is a pair of interesting charts from reader Tim Wallace.

Ratio of Workers

Tim used non-seasonally adjusted numbers from the BLS, subtracting the number of government employees from total employed to produce the the above chart.

Is The Government Lying To Us About Inflation? Yes!

mauldineconomics.com / By John Mauldin / March 22, 2013

In today’s Outside the Box, Gary D. Halbert (my old and very dear friend and former business partner of many years) reminds us about a few significant facts concerning the Consumer Price Index (CPI) that mainstream economists and the media tend to ignore. The central [...]

Initial Claims Lower Than Expected At 332K, PPI In Line With Expectations

zerohedge.com / Tyler Durden / March 14, 2013, 08:43 -0400

The grind lower in initial jobless claims continues, which from an upwardly revised 342k (was 340K) last week, declined to 332K in the most recent week ended March 9, on expectations of an increase to 350K. This was the third consecutive beat in a row [...]

Daily Pfennig: Some Calls For The Return of the King Dollar

caseyresearch.com / By Chuck Butler / March 11, 2013 12:38pm GMT

Some Calls For The Return of the King Dollar.

Good day. And a Marvelous Monday to you! Geez Louise, I can’t seem to catch a break here health-wise. I came down with a very nasty cold this weekend, one that keeps me up [...]

Spoiling the “Great Employment News”

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Friday, March 08, 2013 4:24 PM

This article originally appeared on MarketWatch under the title Jobs numbers are far worse than they look.

I selected my title from a humorous comment on MarketWatch by reader “Homer Price” who writes “Mike, What are you doing ? Trying to spoil [...]

They Did It Again: There’s No BS Like BLS

truthingold.blogspot.com / By Dave in Denver / March 8, 2013

The character of what’s in this gold market is so different from the bull market of the 1970s. The bull market of the 1970s was mostly traders and some central banks, but there wasn’t a huge sovereign interest…What you are dealing with [...]

U.S. Corpse-Economy Still Losing Jobs

bullionbullscanada.com / by Jeff Nielson / Wednesday, 06 March 2013 13:40

Ignore the fantasy-numbers. Ignore the inane hype which accompanies them. There is only one Truth with respect to the U.S. labour market and employment. It is contained in the chart below, produced by the Federal Reserve itself.

The picture is unequivocal. [...]

U.S. Employment Data: A Curious Divergence

financialarmageddon.com / By Michael Panzner / February 10, 2013

From Panzner Insights:

Each month, the Bureau of Labor Statistics and Automatic Data Processing, Inc. detail what is happening in the jobs market. Although the tallies of monthly changes reported by each side are often out of kilter, their respective private nonfarm payroll totals have since [...]

When Beating Inflation Isn’t Enough

caseyresearch.com / By Vedran Vuk / February 8, 2013

Regardless of the inflation statistic cited in our articles, someone always gets upset. For example, when Dennis Miller recently reported inflation figures from Shadowstats being as high as 9.6%, a few readers blasted them. After all, the Bureau of Labor Statistics (BLS) has inflation only at [...]

Lies, Lies and Inflation Statistics

dailyreckoning.com.au / By Bill Bonner / February 8th, 2013

Who are the bigger liars? Argentinian feds? Or American feds?

News Flash from the pampas:

Argentina freezes prices to break inflation spiral

‘Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation.

‘The price freeze applies to every product [...]

Seasonal Adjustments Are B.S. – I Can Handle The Truth On Employment

streettalklive.com / by Lance Roberts / Monday, February 04, 2013

The recent release of the January employment figures sent the media and blogosphere abuzz with a wide variety of arguments revolving around seasonal adjustments, birth/death adjustments, household versus survey data and much more. The arguments supporting, and rebuking, the employment numbers are well documented. My [...]

How Today’s “Strong” Jobs Report Led To 115,000 Job Losses

zerohedge.com / by Tyler Durden / 02/01/2013 09:51 -0500

While it is enticing to fall for the same old trick of reading the “quantitative”, or headline, jobs data, driven entirely by the Establishment Survey, which as the BLS itself showed today, is nothing but mere noise based on seasonal adjustments and population [...]

Dissecting the Fed-Sponsored Housing Bubble; HPI-CPI Revisited; Real Housing Prices; Price Inflation Higher than Fed Admits

globaleconomicanalysis.blogspot.ca / By Mike “Mish” Shedlock / Wednesday, January 30, 2013 4:20 AM

In the wake of rising housing prices a reader asked if I would revisit my March 2102 article How Far Have Home Prices “Really” Fallen.

The reader specifically wanted an update on inflation as measured by the HPI-CPI (a measure of [...]

Kicking the Can Again

silverseek.com / By Ranting Andy / Thursday, January 24th, 2013

So the can was kicked again, with Congress voting to “delay” the debt ceiling until May 19th. Frankly, such “legalese” better befits children than Senators. Thus, the MONEY PRINTING orgy continues, with ALL nations participating. Such is the PONZI SCHEME that ALL fiat [...]

No Inflation In December BLS Says

zerohedge.com / Tyler Durden / January 16, 2013

The December CPI is out, and according to the BLS, or more specifically, it’s X-12 Arima reality processors, there was no inflation in the past month, with headline CPI printing at 0.0%, as expected, and up from a 0.3% deflation in November. Excluding food [...]

Here’s the real unemployment rate

wnd.com / By Jerome R. Corsi / January 14, 2012

NEW YORK – The real unemployment rate for December 2012 is closer to 23 percent, not the 7.8 percent reported by the Bureau of Labor Statistics, according to economist John Williams.

Williams, author of the Shadow Government Statistics website, argues that the federal government [...]

Inflation Propaganda Exposed

europac.net / By Peter Schiff / Thursday, January 10, 2013

Economists who hold the popular view that expanding the money supply will provide the best medicine for our ailing economy dismiss the inflationary concerns of monetary hawks, like me, by pointing to the supposedly low inflation that has occurred during the current period of [...]

Establishment Survey +155,000 Jobs; Household Survey +28,000 Jobs; Unemployment Rate Revised Up, Flat Since September

Unemployment Rate – Seasonally Adjusted

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / January 4, 2013

Initial Reaction

The establishment survey report of +155,000 jobs was about what most expected.

However, beneath the surface, this report looks weak.

The household survey shows a gain of a mere 28,000 jobs. The unemployment rate stayed [...]

What 2013 Means For You, Your Portfolio and the Economy at Large

gainspainscapital.com / By Graham Summers / December 16, 2012

Now that Obama has been re-elected, the BLS and other Government entities have begun to revise all of the positive data from before the November election downward. New jobless claims are back over 400,000. The amazing new home sales of 389,00 from October has been revised [...]

Questions of the Day: What if the BLS is Wrong About its Labor Force and Participation Rate Projections? How Would it Affect the Unemployment Rate?

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / December 12, 2012 4:08 PM

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 [...]

Gallup Poll Visualizes Effect of Obamacare

globaleconomicanalysis.blogspot.ca / By Mike “Mish” Shedlock / Sunday, December 09, 2012 10:47 PM

Gallup’s seasonally adjusted unemployment rate is 8.3% for November, up nearly one percentage-point over October’s rate. Gallup’s underemployment jumped from 15.9% to 17.2%.

The Gallup survey, which polls approximately 30,000 people monthly, was radically different from the BLS report that came out [...]