streettalklive.com / Lance Roberts / 08 September 2014
“There are three types of lies; Lies, Damn Lies and Statistics.” – Mark Twain
Last week, Adam Hartung qualified for the “Mark Twain Award” if there was such a thing. In his article, “Obama Outperforms Reagan On Jobs, Growth & Investing,” Adam goes [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / September 09, 2014
A chart of hours worked shows the average work week has returned to pre-recession levels.
Average Work Week
Moreover, note that the number of part-time jobs has been relative steady in the recovery.
Employed Usually Working Part Time…
thedailybell.com / By Staff News & Analysis / September 09, 2014
U.S. Economy Still Missing: 3.9 Million Prime-Age Jobs … Today’s U.S. jobs report, which showed nonfarm payrolls increasing by a meager 142,000 jobs and the unemployment rate falling 0.1 percentage point to 6.1 percent in August, will undoubtedly rekindle [...]
theeconomiccollapseblog.com / By Michael Snyder on September 8th, 2014
According to the Federal Reserve, the percentage of American families that own a small business is at the lowest level that has ever been recorded. In a report that was just released entitled “Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey [...]
wolfstreet.com / By Lee Adler, The Wall Street Examiner / September 8, 2014
Let’s cut to the chase: There were 1,446,000 fewer people working full time in August 2014 than in August 2008, according to the Bureau of Labor Statistics household survey (CPS).
That’s after an increase of 210,000 full-time jobs in August. That’s [...]
caseyresearch.com / By Chuck Butler / September 8, 2014 4:48am
In This Issue.
* The no rate hike campers in the U.S. rejoice! * Currencies rally on Friday, but turn around today! * Data is all back of the week loaded this week. * China books a record Trade Surplus!
And Now. Today’s A Pfennig [...]
davidstockmanscontracorner.com / by David Stockman • September 8, 2014
CNBC’s long-running “jobs Friday” fetish is getting downright appalling. Each month the BLS puts out a treasure trove of data on the rich and complex mosaic of the US labor market—-a download that embodies a truly frightening trend of economic failure.
paulcraigroberts.org / By Paul Craig Roberts / September 8, 2014
The Dow Jones stock average closed Friday at 17,137, despite the fact that the payroll jobs report was a measly 125,000 new jobs for August, an insufficient amount to keep up with the growth in the working age population.
The low [...]
theeconomiccollapseblog.com / By Michael Snyder / September 7th, 2014
Should we be concerned that the percentage of Americans that are either working or looking for work is the lowest that it has been in 36 years? In August, an all-time record high 92,269,000 Americans 16 years of age and older did not “participate [...]
caseyresearch.com / Ed Steer / September 6, 2014
¤ YESTERDAY IN GOLD & SILVER
After “da boyz” took another small slice off the gold salami in the first hour of trading after the markets opened at 6:00 p.m. on Thursday evening, the gold price rallied back to slightly above unchanged—and stayed there until the 8:20 [...]
zerohedge.com / by Tyler Durden on 09/05/2014 16:07
Worst jobs data of the year? BTFATH. For the 9th day in a row, S&P 2,000 was all that mattered. Thanks to the standard Friday v-shaped recovery, the Dow scrambled back to green on the week and S&P 500 hit its Maginot ‘retirement on’ line – [...]
zerohedge.com / by Tyler Durden / 09/05/2014 09:44
Back in January 2012 we noted that while the market, and at the time the Fed, have been focused exclusively on the quantity of jobs created each month, a far more important aspect of the US economic recovery is the quality of newly created jobs. [...]
marctomarket.com / by Marc Chandler / September 5, 2014
The ADP report has been a fairly good guide in recent months of the government’s initial estimate of private sector payroll changes. It steals the much of the thunder. The decline in weekly initial jobless claims and both ISM surveys give reason to expect a continuation [...]
zerohedge.com / by Tyler Durden / 09/05/2014 10:56
After years of ignoring the obvious, the Federal Reserve has been finally forced to admit that the labor force participation rate matters, and in fact has started to point it out as a clear negative when it comes to Yellen’s “dashboard” of thresholds [...]
zerohedge.com / by Tyler Durden / 09/05/2014 08:47
While Mark Zandi may not “believe the data,”
It appears the market does (for now). The dismal jobs data sparked a kneejerk bond rally, sending yields plunging from the week’s highs, and stocks and gold jumped higher (we assume on hopes that bad news is [...]
zerohedge.com / by Tyler Durden / 09/05/2014 08:34 -0400
So much for the latest recovery: with not a single analyst expecting a NFP print below 190K, the BLS just reported that August payrolls tumbled from a revised 212K to only 142K, which was not only below the lowest Wall Street estimate of 190K, but it [...]
mises.org / by Josh Grossman / Thursday, September 04, 2014
A recent article at US News and World Report by Pat Garofalo quotes Associated Press writer Christopher Rugaber who says that “US states that boosted their minimums at the beginning of the year, the number of jobs grew an average of 0.85 [...]
news.goldseek.com / By Stewart Thomson / 2 September 2014
Gold has a rough general tendency to decline during the week leading up to the release of the US Employment Situation Report (jobs report). Following the release of that report (Friday at 8:30AM), gold tends to begin a decent minor or intermediate trend rally. Gold has [...]
mybudget360.com / by mybudget360 / September 1, 2014
There was a time when going to college made sense in every feasible way. It made sense professionally, economically, and many college graduates have a wonderful time in the process of completing their degrees. Most would argue that learning is vital in growing and moving [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Tuesday, September 02, 2014 1:32 AM
It is amusing reading day in and day out the Keynesian cure for what ails Europe, especially France.
Consider France. Public spending amounts to 57% of French GDP, yet Keynesians want still more. The sad irony is that 100% would [...]