. . . and first Friday of the month employment reports.
CNSNews reports that over 100 million working-age Americans are not currently working (add those not participating to those without a job but looking for one) while also noting that we broke a record for foreign nationals in the workforce (almost 25 million are employed).
Meanwhile, CNN Money suggests a "family feud" could have exacerbated the net job loss reported in the "food and beverage retail category."
I've no information as to whether any authors I've just linked to received pay for their posts.
Enjoy the weekend, and the work, if it calls.
Alex Kudera’s award-winning novel, Fight for Your Long Day (Atticus Books), was drafted in a walk-in closet during a summer in Seoul, South Korea. Auggie’s Revenge (Beating Windward Press) is his second novel. His numerous short stories include “Frade Killed Ellen” (Dutch Kills Press), “Bombing from Above” (Heavy Feather Review), and “A Thanksgiving” (Eclectica Magazine).
Showing posts with label jobs growth. Show all posts
Showing posts with label jobs growth. Show all posts
Friday, September 5, 2014
Monday, October 14, 2013
nobel exuberance
"Irrational exuberance" Robert J. Shiller winning the Nobel for Economics is a contrarian indicator that gets us to DOW 25,000 by the end of the current Presidential term, but because the correlation between rising stock prices and jobs growth is far from guaranteed in near-term America, this won't necessarily help most of us.
(This is not investment advice or a recommendation to lose money so as to indulge in freedom as an expression of "nothin' left to lose"; furthermore, it should not be read as a "tell" indicating a suicidal impulse on the part of the author or any recommendation to readers to commit such. You're welcome to go ask Alice and get back to me on all this.)
(This is not investment advice or a recommendation to lose money so as to indulge in freedom as an expression of "nothin' left to lose"; furthermore, it should not be read as a "tell" indicating a suicidal impulse on the part of the author or any recommendation to readers to commit such. You're welcome to go ask Alice and get back to me on all this.)
Saturday, September 29, 2012
austerity triplex (conforming loans only, please)
And here's the "real news" from Germany where a political leader, representing the more marginalized citizens, states, and pardon my possible paraphrase, that "austerity is the ideology of the ruling class." As you might imagine, it's the poor who go with less or without under such policies, and the video considers how German businesses are also hurt when citizens in Greece and Spain have little to no spending power beyond that which will go to the most basic necessities.
Back home, a recent year's worth of Bureau of Labor Statistics jobs-growth reporting was revised upward by almost 400,000, and although that is but a small dent in the supposed 23 million without work, or without as much work as they'd like, it is somewhat ironic that the "year" reported on seems almost entirely contained within the period where there was intense gridlock and a blocked jobs bill in Congress. Here's an excerpt from the Forbes article:
The Bureau of Labor Statistics is out with its annual update to benchmark unemployment numbers (for the more cynical among you, the BLS does this every fall so this is not a number being ‘timed’ for the election), and the numbers reveal that 386,000 more non-farm jobs were actually created between March, 2011 and April 2012 than what had been originally reported.
The figures represent a variance from the previous data of 0.3 which sits right at the norm for annual benchmark adjustments which are typically up or down by 0.3 percent.
As a result of the revision, the Obama administration can now claim a net job increase of 125,000 rather than what had previously been believed to be a net loss of 261,000 jobs.
Of course, it remains a muddle, but it still feels like things are bad and not improving, or not improving fast enough, for millions and millions of workers throughout Europe and America. And, in some countries and counties, of course, they seem to be getting worse.
Back home, a recent year's worth of Bureau of Labor Statistics jobs-growth reporting was revised upward by almost 400,000, and although that is but a small dent in the supposed 23 million without work, or without as much work as they'd like, it is somewhat ironic that the "year" reported on seems almost entirely contained within the period where there was intense gridlock and a blocked jobs bill in Congress. Here's an excerpt from the Forbes article:
The Bureau of Labor Statistics is out with its annual update to benchmark unemployment numbers (for the more cynical among you, the BLS does this every fall so this is not a number being ‘timed’ for the election), and the numbers reveal that 386,000 more non-farm jobs were actually created between March, 2011 and April 2012 than what had been originally reported.
The figures represent a variance from the previous data of 0.3 which sits right at the norm for annual benchmark adjustments which are typically up or down by 0.3 percent.
As a result of the revision, the Obama administration can now claim a net job increase of 125,000 rather than what had previously been believed to be a net loss of 261,000 jobs.
Of course, it remains a muddle, but it still feels like things are bad and not improving, or not improving fast enough, for millions and millions of workers throughout Europe and America. And, in some countries and counties, of course, they seem to be getting worse.
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