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Should we Fear the March of the Robots?

acting-man.com / Pater Tenebrarum / August 29,2014

A Jumble of Memes

It has recently become quite fashionable to drag up the old Luddite argument that technological progress will destroy jobs, which is to say, destroy them on a net basis. Allegedly, the “rise of the Robots” will accomplish what centuries of [...]

Feeling Worthless? The 10 Majors Most Likely To Lead To Underemployment

zerohedge.com / by Tyler Durden / 08/27/2014 09:09

When it comes to worthless majors, it is no secret that “liberal arts” are at the top of the heap. This is the conclusion of not just the real world: a recent survey of 68,000 workers by salary information firm PayScale confirmed as [...]

The Fed’s Track Record: $390K Spent Per Job Created

news.goldseek.com / By Graham Summers / 25 August 2014

The Fed likes to claim that its policies are aimed at helping Main Street. Ben Bernanke began this argument when he was still Fed Chairman. Janet Yellen has since taken it a step further claiming that she comes from an “intellectual tradition” that it is important [...]

Donlin gold mine in Alaska brings hope of jobs — and fear of destruction

gata.org / By Lisa Demer / 2014-08-24 14:42

By Lisa Demer Alaska Dispatch, Anchorage Saturday, August 23, 2014

DONLIN GOLD WORK CAMP, Alaska — On a remote ridge in the big, open space between Bethel and Anchorage, where the land and minerals are owned by Alaska native corporations, developers want to [...]

Federal Reserve Branch Bank Concludes Obamacare a Disaster for Businesses

thedailysheeple.com / Secrets of the Fed / August 24th, 2014

Each month, branch banks for the Federal Reserve send out questionnaires and surveys to businesses as a way to test the climate of the economy. In the month of August, the Philadelphia branch asked businesses what the full extend and effect so far [...]

22/8/2014: Minimum Wage and Employment: Recent Study

trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Friday, August 22, 2014

The effects of minimum wage laws on employment levels and employment prospects for various categories of workers are subject of voluminous literature in economics. Still, little consensus exists on whether higher minimum wages impede new jobs creation or destroy existent jobs or suppress earnings growth [...]

If Only This Happened At The Fed, Things Would Be Vastly Different

zerohedge.com / by Tyler Durden / 08/21/2014 11:19

Something surprising happened in the early days of August: a person was actually held accountable for his mistake.

As the WSJ reported previously, “a billion-dollar forecasting error in Walgreen Co.’s Medicare-related business has cost the jobs of two top executives and alarmed [...]

Philly Fed Surges To Highest Since March 2011 Despite Plunge In Jobs & New Orders

zerohedge.com / by Tyler Durden / 08/21/2014 10:12

Philly Fed has beaten expectations for 6 months in a row with its biggest surge since the 2009 lows.Against expectations of 19.3, Philly Fed printed 28.0 – highest since March 2011 all-time highs. All sounds awesome right? Umm, no, 7 of 9 internal [...]

AI, Robotics, and the Future of Jobs

mauldineconomics.com / JOHN MAULDIN / AUGUST 19, 2014

This past week several reports came across my desk highlighting both the good news and the bad news about the future of automation and robotics. There are those who think that automation and robotics are going to be a massive destroyer of jobs and others [...]

Canada Releases Atrocious Jobs Data; Then Revises It Above The Highest Estimate Following Public Outcry

zerohedge.com / by Tyler Durden / 08/15/2014 09:08

A week ago, Canada released a jobs number that was a simply put a disaster: instead of creating the 20,000 jobs analysts had expected, the country’s Statistics bureau reported that a tiny 200 had been added in the month of July, following a drop of [...]

Armed Zombies

Let our post office remain undead … (Original Photo by Lorri Sabban)

acting-man.com / Bill Bonner / August 14, 2014

Most Dangerous Zombies?

A regular reader writes in. The bone he picks concerns our definition of zombie:

Your definition of ZOMBIE is WRONG. A ZOMBIE lives on the back of someone [...]

Debt Rattle Aug 13 2014: A Crowded Runaway Train

Warner Bros Lauren Bacall publicity still from To Have and Have Not 1944

theautomaticearth.com / by Raúl Ilargi Meijer / August 13, 2014

If you put all the pieces in a jigsaw puzzle in their proper places, a picture emerges. An easy enough principle. But how do you get the pieces, and where do [...]

The 10 Best-Paying Jobs For 2014

zerohedge.com / by Tyler Durden on 08/13/2014 16:33

First it was the Fed’s unemployment rate target. This was quickly ignored and forgotten – just as we predicted would happen in December 2012 – when the unemployment rate “hit and beat” the Fed’s target, even as the Fed’s Russell 200,000 target was [...]

Retail Sales Miss For Third Month In A Row, Worst Print Since January

zerohedge.com / by Tyler Durden / 08/13/2014 08:38 -0400

But the talking heads said that the consumer is back and jobs are soaring? Retail sales missed expectations for the 3rd month in a row (after the weather rebound was supposed to kick in?) with an unchanged 0.0% print in July (against expectations of a 0.2% [...]

What Are the Options for Those Who Can’t/Won’t Get a Corporate/Government Job?

charleshughsmith.blogspot.com / By CHARLES HUGH SMITH / AUGUST 06, 2014

To understand alternatives to conventional corporate/government jobs, we have to understand “the economy we have, not the one we wish we had.”

The average jobseeker is hoping to nail down a corporate or government position, for the usual reasons: security, pay and benefits. [...]

4 Million Fewer Jobs: How The BLS Massively Overestimated US Job Creation

zerohedge.com / by Tyler Durden on 08/05/2014 14:58

When it comes to the all-important monthly payrolls number which sets the tone for risk over the next month, one of the biggest variables in the BLS’ “estimate” (because all jobs numbers are that: statistical estimates) of US jobs is the monthly birth-death adjustment. [...]

Buffett Sits on $50 Billion Cash-Hoard, Waiting for Bubbles to Pop

bullionbullscanada.com / by Jeff Nielson / 04 August 2014 13:00

Warren Buffett’s “game” is getting old, like Buffett himself. He panders shamelessly for the Big Banks of Wall Street, 24/7; and in return, these market-rigging criminals tell Buffett what to buy – and when to buy it. This allows Buffett to pretend to [...]

Adding 7+ million renter households over the last decade: Number of homeowners neutral over last 10 years. The shifting purchasing power of American households.

doctorhousingbubble.com / Dr. Housing Bubble / August 4th, 2014

The low turnover in housing is having some organizations changing their tune regarding the current boom in home values. After all, places like the National Association of Realtors (NAR) will be better off with higher sales volume and lower prices versus very low sales [...]

Unmitigated Disaster

blog.milesfranklin.com / By Andrew Hoffman / August 4th, 2014

As David Stockman brilliant writes, there is not even a remote mathematical chance of economic recovery, particularly as 10,000 baby boomers will be retiring each day for the next 16 years. A figure, by the way, that would be far higher if not for the rocketing [...]

Nonfarm Payrolls 209,000, Unemployment 6.2%, Employed +131,000

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / August 01, 2014 10:11 AM

Initial Reaction

Counting the upwardly revised 298,000 nonfarm payroll report in June (originally reported as 288,000), this was a decent report.

Yet, digging into the details, the household survey showed a gain in employment of only 131,000. Thus, for the second consecutive [...]