I spend a lot of time reading the economic tea leaves. Given my well known distrust of politicians and government, it is a bit of ironic that I spend so much time poring over the details of government produced reports but there really is little choice. I also look at privately produced reports such as .. read more
The employment report today, despite a negative headline number, actually showed some quite positive data. The unemployment rate dropped to 9.7% and there were other positives as well: Employed rose by 541,000 Unemployed fell by 430,000 Labor Force rose by 111,000 Employed part time due to economic reasons fell by 849,000 Employed part time due .. read more
Nonfarm payrolls in the US fell for the 15th straight month, as another 663,000 jobs were lost in March. January, with 741,000 total job losses, became the worst month since 1949, after sharp revisions were accounted for. There were no such revisions for February. The increased losses and revisions signal a worsening labor market, as 5.1 million jobs were lost since the .. read more
US employment in the private sector fell by a record 742,000 in March, according to the ADP employment report released Wednesday. The loss follows a downwardly-revised February in which payrolls were lower by 706,000, not the initially reported 697,000. The number was below estimations, as economists were looking for job losses in the range of 660,000.
Nonfarm payrolls in the US fell for the 14th straight month, as another 651,000 jobs were lost in February. January and December also saw sharp revisions to the downside, with 161,000 more being accounted for, and December, now pegged at 681,000, became the worst month for job loss since 1949. The increased losses and revisions signal a worsening labor market, as .. read more
Weekly calendar of latest economic events and indicators, complete with full reports, charts, graphs, and in-depth analysis. Monday Personal Income and Outlays – Full Report, Charts/Analysis ISM Manufacturing Index - Full Report, Charts/Analysis Construction Spending- Full Report AIG Bailout - Full Report Tuesday Pending Home Sales – Full Report, Charts/Analysis Wednesday ADP Employment Report – Full Report, Charts/Analysis .. read more
Nonfarm payrolls in the US fell for the 13th straight month, as another 598,000 jobs were lost in January. The job losses, the greatest in 35 years, signal an ongoing weakening labor market, as 3.0 million jobs were lost in all of 2008. That’s the most since 1945, when the US economy began demobilizing following the end of WWII. The decline has been .. read more
Nonfarm payrolls in the US fell for the 11th straight month, as a whopping 533,000 jobs were lost in November. The job losses, the greatest in 34 years, signal an ongoing weakening labor market, as 1.9 million jobs have been lost since the recession began in December of last year. The consensus tabbed October for 350,000 job losses, .. read more