Category Archives: Employment

Nonfarm Payrolls & Employment Data Diverging

Summary Last Friday’s nonfarm payrolls exceeded expectations with the first four months now averaging 205k jobs created, right on the monthly average since October 2011  The employment data is moving the other way, however, falling 103 in April and has … Continue reading

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Reskilling The American Workforce

The future is here, folks. We better start thinking big and bold, beginning with huge investments in human capital.  A new Marshall Plan for the American educational system. Python is not a difficult coding language to learn and the basics … Continue reading

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Trump v. Obama Jobs Market – Midterm Review

The Bureau of Labor Statistics (BLS) released its final jobs report before the midterm election on Tuesday. The pre-midterm final verdict is in. The Obama economy created 423k more total non farm payroll jobs and 194k more private sector jobs … Continue reading

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Manufacturing Employment Growth During President Trump

After Friday’s jobs report, we thought it is time to dig deeper into employment growth in the manufacturing sector. Manufacturing Jobs Matching Growth In Total Nonfarm Payrolls Contrary to popular belief, the data show that job gains in the manufacturing … Continue reading

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Politics Of The Employment Report

Today’s nonfarm payrolls miss,  134k total jobs created in September, sealed the deal on the job creation political debate before the November midterms.   That is all things being equal — during President Trump’s first 20 employment reports versus President Obama’s … Continue reading

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Political Economy Of The Jobs Report

The BLS out with the employment report this morning, Total nonfarm payroll employment increased by 201,000 in August, and the unemployment rate was unchanged at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional … Continue reading

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Political Economy Of The July Employment Report

It is 94 days and 10 hours until the November 6th midterm election, which will determine the fate of the Trump presidency.  All things are now political, including, and, most notable, today’s nonfarm payrolls report. We did an in-depth analysis … Continue reading

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Overhyped Relative Job Creation. Sound Familiar?

Steven Rattner, whom the UAW can thank for leading the auto bailout during the GFC,  presented these graphs today on Morning Joe.   Does the analysis look a little familiar? It should.  We first presented it in our, Deconstructing The … Continue reading

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Really, How Was That Employment Report?

Summary Friday’s payroll numbers were very good, slightly above the trend increase over the past 92 months, but does not live up to the hype Job creation during President Trump’s first 16 payroll reports is almost 500k lower than under … Continue reading

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Deconstructing The U.S. Jobs Market

Summary We compare the first 15 payroll reports of the Trump administration to the last 15 of the Obama administration As of the end of April 2018, the Trump economy has generated 2.7 million jobs versus 3.1 million in Obama’s … Continue reading

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