Two of the more important (U.S.) economic measures were reported in last week and half. Yesterday the October jobs report came in. The week before we got the flash report on 3rd quarter GDP. Both measures were better than feared, not quite as good as consensus expectations of many forecasters, and overall still a disappointment. … Continue reading Update on Current Situation – October Jobs Report and 3rd Qtr GDP
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Jobs And Unemployment Report For August 2011 – More Bad News, More Signs Economy Is Stalled, No Net New Jobs
This being the first Friday of the month, the latest U.S. employment report was released this morning. Not good news. In a nutshell: no new net jobs created and the unemployment rate holds steady at 9.1%. It disappointed even the weak expectations of forecasters. The news continues to show an economy that has stalled without … Continue reading Jobs And Unemployment Report For August 2011 – More Bad News, More Signs Economy Is Stalled, No Net New Jobs
America Flatlines – Employment Report for June 2011
The "recovery" is flat-lining. The employment report for June shows the continuing bad news. I'll let CalculatedRisk give us the facts: From the BLS: Nonfarm payroll employment was essentially unchanged in June (+18,000), and the unemployment rate was little changed at 9.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major private-sector … Continue reading America Flatlines – Employment Report for June 2011
The Economy Is Stalling – Employment Report for May 2011
First the facts and then my comments. Calculated Risk Blog reports from the BLS: From the BLS: Nonfarm payroll employment changed little (+54,000) in May, and the unemployment rate was essentially unchanged at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains continued in professional and business services, health care, and mining. Employment levels in … Continue reading The Economy Is Stalling – Employment Report for May 2011
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