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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Category Archives: Employment
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
Posted in Employment, Politics, Uncategorized
Tagged Nonfarm Payrolls, Trump versus Obama Job Creation, Unemployment
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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
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
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
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
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
Posted in Employment, Uncategorized
Tagged Job Creation, Trump versus Obama Job Creation, U.S. nonfarm payrolls
3 Comments
Employment Data In Charts: Markets All Lathered Up
The punk employment data makes us think the economy is running out of labor. Very similar to the dynamics in the housing market. The markets are lathered up about the annual moderate average hourly earnings growth of 2.6 percent. The … Continue reading
Posted in Earnings, Employment, Uncategorized
Tagged BLS, employment, Jobs, Unemployment
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Hardest Working Countries – Statista
Interesting stuff from Statista. Should blow away the priors of the hoi polloi, especially in the EU. Across the globe, people are firmly back in the working groove after all the fun, relaxation and overindulgence of the holiday season. This … Continue reading
Posted in Employment, Uncategorized
Tagged Annual hours worked, Hardest Working Countries, Statista
1 Comment
Immigration: 27% of U.S. Doctors Foreign Born
The shortage of GPs [doctors] in England has been caused by multiple factors, including doctors leaving the profession early because of an increasing workload linked to a rising population. The shortage predates Britain’s vote last year to leave the EU, … Continue reading
U.S. Job Creation & Wages Over Past 7 1/2 Years
On the eve of nonfarm payrolls here is a nice data dump that gives a good roadmap of what and how many jobs have been created since 2010. We’ll layout just the data with some bullet points and let … Continue reading
