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 [...]
Archive of posts tagged underemployment rate
Steroid Failure
One more time around the dismal American job creation track as employment data continues to disappoint. The combination of massive government spending and unprecedented monetary stimulus has largely failed to ignite the economy Too bad such economic “steroids” have been packaged with the Administration’s anti-business rhetoric and actions of the past two years. The weak [...]
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 [...]
Job Somber
U.S. employment news was disappointing again in July. American business leaders simply remain wary of Washington’s anti-business stance and rhetoric…and prefer to enhance earnings through cost-cutting investments in technology and finding more creative ways to maximize current employment levels. The American economy lost 131,000 net jobs in July, about 70,000 worse than expected. The loss [...]
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 [...]
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