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Run, Scotland, Run

wolfstreet.com / by Julian McLeod / September 15, 2014

Julian McLeod, England. Journalist for 20 years, wondering how on earth we got here and how to get somewhere better. His blog: My Manifesto

By birth and upbringing I am English, but I enjoy the fact that through my Scottish and Welsh [...]

Poloz says hands-off C$ stance frees Bank of Canada policy

money.ca.msn.com / By Allison Lampert / 16 Sep 2014

Bank of Canada Governor Poloz takes part in a news conference in Ottawa

DRUMMONDVILLE Quebec (Reuters) – The Bank of Canada is not trying to manipulate the value of the Canadian dollar or even guide markets, Governor Stephen Poloz said on Tuesday, adding that [...]

Economic Policy Treats Symptoms, Not Underlying Causes

mises.ca / by Logan Albright / September 16th, 2014

Take a look at the breathtaking array of government policies designed to fix every conceivable problem citizens might encounter. Look at the laws governing labor unions, minimum wage laws, occupational licensure, unemployment insurance, stimulus spending; look at the endless efforts to improve education through government standards, [...]

US Number & Unemployment

armstrongeconomics.com / by Martin Armstrong / September 16, 2014

FOR THE RECORD – the 7% number for unemployment is the official number – it is by no means REAL. The real number is in the area of 12% now and will rise to test the 25% level. Here is our [...]

Obama Outperformed Reagan? Hardly.

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 [...]

Nonfarm Payrolls 142,000; Unemployment 6.1%; Employed +16K; Labor Force -64K

globaleconomicanalysis.blogspot.com / By Michael Shedlock / September 05, 2014

Initial Reaction The payroll survey shows a net gain of 162,000 jobs vs. an expectation of 230,000 jobs. This broke a six-month string of +200,000 jobs.Digging into the details, things look far worse.The household survey shows a gain in employment of only 16,000. This is [...]

Quality Of Jobs Created In August Deteriorates Again

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. [...]

Today’s Jobs Report And The Cult Of Central Banking: Counting Angels On The Head Of A Pin While Main Street Flounders

davidstockmanscontracorner.com / by David Stockman / September 5, 2014

That didn’t take long. The Fed’s unpaid PR flack at the Wall Street Journal, Jon Hilsenrath, was out with hardly an hour to spare after the August jobs report—relaying word from the Eccles Building that ZIRP is in no danger of being rescinded [...]

August Jobs Tumble To Only 142K, Lowest Monthly Print Of 2014 And Below Lowest Forecast; Unemployment Rate 6.1%

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 [...]

Startup CEO (Unwittingly) Explains Biggest Problem in America’s Unemployment Crisis

wolfstreet.com / by Wolf Richter / September 4, 2014

The somewhat peculiar results of the Challenger Labor Shortage Survey showed that 77% of the approximately 100 human resources executives polled said their companies were having difficulty filling open positions due to a shortage of available talent. And 45% said they were having a hard time [...]

Unemployment Crisis Irony: You Must Have a Job to Get a Job

wolfstreet.com / by Wolf Richter / September 4, 2014

The somewhat peculiar results of the Challenger Labor Shortage Survey showed that 77% of the approximately 100 human resources executives polled said their companies were having difficulty filling open positions due to a shortage of available talent. And 45% said they were having a [...]

31/8/2014: Irish Dependency Ratio Rises in H1 2014

trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Sunday, August 31, 2014

Previous posts covering QNHS release for Q2 2014 provided analysis of

Breakdown of population over 15 years of age by their principal economic status: employed, unemployed, in retirement, students, engaged at home, and ‘others’:http://trueeconomics.blogspot.ie/2014/08/3182014-qnhs-by-principal-economic.html Unemployment and Participation Rates:http://trueeconomics.blogspot.ie/2014/08/3082014-both-unemployment-and.html Duration of Unemployment, including distribution by Age [...]

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 [...]

Germany Unemployment Jumps

armstrongeconomics.com / by Martin Armstrong / August 29, 2014

Merkel is under serious pressure from two fronts. The sanctions against Russia are having a major impact upon the European economy as a whole. This has caused Merkel to bluntly state that the US cannot solve all the problems of the world. Indeed, what she [...]

All Great World Events Happen Twice, Once As Tragedy And Secondly As A Farce!

gold-eagle.com / By Roxanne Lewis / August 27, 2014

Karl Marx once said, “Hegel remarked somewhere that all great, world-historical facts and personages occur, as it were, twice. He forgot to add: the first time as tragedy, the second as farce!”

Georg Hegel was a German idealist and philosopher and [...]

Why Artifice Rules the World: We Have No Choice

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, AUGUST 26, 2014

There’s only one small problem with relying on artifice: we haven’t actually fixed what’s broken in the real world.

As I noted yesterday, we now game dysfunctional systems rather than actually repair them. Rather than fix the dysfunctional system of higher [...]

French Government Falls “Amid Turmoil”

acting-man.com / By Pater Tenebrarum / August 26, 2014

Montebourg Gives a Speech – to Unexpected Effect

It all started harmless enough. The economically illiterate French “industrial renewal” minister Arnaud Mounteba…sorry, Montebourg, delivered one of his usual fiery addresses on the alleged evils of non-existent “austerity” imposed by the stingy and small-minded [...]

The Old World Order

bullionbullscanada.com / By Jeff Nielson / 23 August 2014 12:59

Regular readers are used to seeing various myths of propaganda debunked within these commentaries. However (until now) one of the most-insidious – and thus most-important – constructs of propaganda has not been addressed: the supposed “New World Order”.

The immediate and [...]

What Yellen’s Speech Means For Gold And Bitcoin

goldsilverworlds.com / by Michael Mansour / August 26, 2014

Ms. Yellen clarified the Federal Reserve’s most recent FOMC meeting minutes, as it did not divulge into the finer details underlying their decisions to keep their policy rate at 0-0.25%. They are maintaining accommodative monetary policy because the labor conditions are so nuanced, they cannot [...]

Are we Heading for Another French Revolution?

armstrongeconomics.com / Martin Armstrong / August 25, 2014

The latest polls now show that more than 80 percent of French people do not believe that the government of President Hollande can advance the country’s economy. For the future, citizens expect high deficits, economic stagnation and record unemployment. The policies of Hollande and his [...]