American employment continued to rebound in April, with the strongest private-sector rise in more than five years. While overall job gains are still tepid versus average gains in prior U.S. economic recoveries, the stronger data of recent months is most welcome. The U.S. economy added an estimated 244,000 net new jobs in April, more than [...]
Archive of posts tagged job growth
A Noisy Soggy Mushy Jobs Report
The weather-impacted January employment report was described by various financial market analysts and economists as lousy, confusing, mysterious, frustrating, noisy, favorable, confounding, and most any other descriptor you can imagine. Suffice to say that we will need to see the February report in early March to get any much needed clarity. Officially, the U.S. economy [...]
Jobs
The story is getting old… …the latest employment report was a downer, especially when compared to the garden variety of data supporting the notion that the U.S. economy is gaining strength. Stronger U.S. job gains are coming soon! The U.S. economy added a disappointing 103,000 net new jobs during December, roughly 60,000 less than expected. [...]
A Favorable Tax Deal
Just imagine… …a liberal Democratic President striking a deal with conservative Republicans…while other liberal Democrats are fuming! Monday’s announcement of an agreement between the Obama Administration and the Republican Congressional leadership was a positive development. Both sides gained at the bargaining table, while both sides also gave on issues they find distasteful. Meanwhile, about-to-be-outgoing Speaker [...]
Less “Double Dip”
U.S. employment data remained on the weak side in August. At the same time, revisions to prior data, as well as slightly-stronger-than-expected new information regarding manufacturing, consumer confidence, and retail sales, has lessened talk of another downturn—the infamous double dip—in coming months. The American economy suffered a net loss of 54,000 jobs in August, less [...]
No Pizzazz
An overview of U.S. employment data of the past two months clearly illustrates that one cannot take the “headline” numbers at full value, but must look inside the data… to illustrate… The American economy added 431,000 net new jobs in May, the largest jump in monthly employment in 10 years—but wait a minute. Forecasters had [...]
Baby Steps
…better and better Check out the pattern underway in the chart below. American monthly job performance has gone from the worst since the Great Depression to stronger and stronger data in a classic pattern. The pattern is likely to continue over the next few months as hundreds of thousands of temporary Census jobs are added [...]
Best of Three
The long-awaited transition to American job growth continues… …it’s about time The American economy saw a net rise of 162,000 jobs during March, the strongest monthly gain in three years. The reported gain was slightly below expectations of a rise of 190,000 jobs. However, job data of the two prior months was revised to show [...]
Cap & Trade
As the Obama era began, the Administration’s objective of utilizing “cap & trade” as the desired policy to address alleged climate change and to reduce our dependence upon foreign sources of oil was front and center… …I don’t think it will happen …I don’t think it really matters Say What? I don’t think it matters [...]
Noise and Transition
The February U.S. employment data was subject to wide interpretation in regard to how the labor market is performing, with nasty East Coast weather during much of February greatly impacting the data. Economists refer to such data influence as “noise.” Still, the overall gist of the data was positive, with a transition to announced employment [...]
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