Category Archives: Employment

Construction Employment Starting to Rebound

Posted on January 4, 2013 by macromon

Though payrolls came in just below expectations, one positive take away from this morning’s data was the 30 thousand increase in construction jobs.   Almost all of the increase was in residential.   These are relatively well paying jobs compared to … Continue reading →

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U.S. Employment Situation – December 2012

Posted on January 4, 2013 by macromon

Looks like construction hiring  is starting to kick in.   We’ll post something more on this later today. The BLS reported this morning, Nonfarm payroll employment rose by 155,000 in December, and the unemployment rate was unchanged at 7.8 percent, the … Continue reading →

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America’s Bubble Dependent Economy

Posted on January 2, 2013 by macromon

Interesting chart (which we marked up) from the JEC of the U.S. Congress illustrating household net worth as a percent personal income.   If that doesn’t look like a head and shoulders formation in the making, nothing does! The second chart … Continue reading →

Posted in Economics, Employment, Politics, Wages | Tagged , , | 7 Comments

Perspectives on the U.S. Labor Market

Posted on December 26, 2012 by macromon

It’s year end and time for some perspective on the economy. Let’s start with the U.S. labor market. The employment to population ratio remains stuck at around 58.7 percent,  levels not seen since the mid-1980’s.  This  is due to both … Continue reading →

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Global Wage Growth

Posted on December 10, 2012 by macromon

Interesting data from the latest Global Wage Report from the International Labor Organization. The following table illustrates the cumulative increase in real wages since 2000.  Note the marked differences across regions.  In Asia,  real wages have nearly doubled while only … Continue reading →

Posted in Employment, Wages | 5 Comments

U.S. Employment Situation – November 2012

Posted on December 7, 2012 by macromon

The BLS reported nonfarm payrolls came in way above consensus led by job creation in the retail sector.  Construction continues to disappoint.  Hats off to Nomura for nailing the number.  Spot on! Here’s the BLS, Total nonfarm payroll employment rose … Continue reading →

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Cue Nonfarm Payrolls

Posted on December 6, 2012 by macromon

Reuters Poll = 93K average Range = 25K (BNP) – 145K (Nomura) (click here if video is not observable)

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French Unemployment Still Rising

Posted on December 6, 2012 by macromon

France’s unemployment rate has risen again, with the picture particularly bleak for young people… Using International Labour Organisation measurements, the jobless total reached 10.3 percent of the workforce in the third quarter of this year. The rise in youth unemployment … Continue reading →

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A Jobs Recovery Built On Temp Help, Waiters & Bartenders

Posted on November 5, 2012 by macromon

As we suspected in our last post many of the net new jobs created during the entire tenure of the Obama administration have been low quality and in areas of low pay. a/  Table 1 illustrates this point as temporary … Continue reading →

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Job Creation During the Obama Administration

Posted on November 4, 2012 by macromon

We’ve analyzed total job creation during the Obama administration and present the results here in a format similar to the monthly payrolls report.    We’ve also broken down the government sector into federal, state, and local, further breaking out the … Continue reading →

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