(This is a slightly edited version of a piece that appeared yesterday over at e21.) As policymakers ponder whether and how they might be able to do more to encourage job creation, they should keep in mind that the monthly payroll job figures [e.g., -85,000 in December] are the net result of literally millions of [...]
Posts Tagged ‘jobs’
Fewer Layoffs, Not Enough Hiring
Posted in Data, Economy, Macroeconomics, tagged Data, jobs, unemployment on January 22, 2010 | 4 Comments »
A Sobering Jobs Report
Posted in Data, Economy, Macroeconomics, tagged Data, jobs, unemployment on January 8, 2010 | 5 Comments »
Today’s jobs report invites both negative and positive interpretations. The positives are fewer, so let’s start with them: With job losses of 85,000, December was the second-best (or, if you prefer, second-least-bad) month since January 2008. With today’s revisions, November actually showed job gains of 4,000, the first increase since December 2007. Put that all [...]
The Coming Budget Battle over TARP and Jobs
Posted in Budget, Politics, tagged Budget, CBO, jobs, TARP on January 5, 2010 | 2 Comments »
The House and Senate appear to be on a collision course about how to pay for a new jobs bill (aka a stimulus bill). The issue? Whether Congress can pay for new jobs programs by cutting back on TARP. The House embraced that approach in the bill it passed before Christmas. That bill–H.R. 2847, the [...]
An Encouraging Jobs Report
Posted in Economy, Macroeconomics, tagged jobs, Macroeconomics, unemployment on December 4, 2009 | Leave a Comment »
This morning’s jobs report was encouraging not only in its headline figures, but also in its details: Payrolls fell by 11,000 in November, the smallest decline since the recession began. The unemployment rate declined to 10.0%, down from 10.2% in October. Jobs losses in September and October were smaller than previously reported (by a combined [...]
8 Million Jobs Lost
Posted in Data, Economy, Macroeconomics, tagged Data, Economy, jobs, unemployment on October 4, 2009 | 2 Comments »
Kudos to Floyd Norris over at the New York Times for characterizing total job losses to date as 8 million jobs, not “just” 7.2 million. As I discussed on Friday, the Bureau of Labor Statistics estimates that the number of jobs in March 2009 was 824,000 lower than it previously thought. But BLS won’t include [...]
1.1 Million More Jobs Lost
Posted in Data, Economy, Macroeconomics, tagged Data, Economy, jobs, unemployment on October 2, 2009 | 3 Comments »
Today’s jobs report was weak across the board: September payrolls fell by 263,000, the unemployment rate rose to 9.8%, the underemployment rate (U-6) rose to 17.0%, and average weekly hours fell to 33.0, tying the record low set in June. The Bureau of Labor Statistics also reported that payrolls declined by 13,000 more in July [...]
Voyaging Through U.S. Jobs
Posted in Data, Internet, Technology, tagged Data, Internet, jobs on September 7, 2009 | 4 Comments »
In honor of Labor Day, you may want to check out Job Voyager by Flare. It provides a graphical history of the rise and fall of different types of jobs in the United States from 1850 to 2000. Here’s what you get for “Farmer”: Back in 1850, farmers accounted for more than 40% of reported [...]
Unemployment Still Rising
Posted in Economy, Macroeconomics, tagged Economy, jobs, Minimum Wage, unem, Wages on September 4, 2009 | 1 Comment »
Today’s jobs report didn’t deliver any real surprises. The number of payroll jobs fell by 216,000 in August, slightly less than expectations, but revisions to earlier months subtracted an additional 49,000 jobs. The unemployment rate rose to 9.7%, more than expected and consistent with the consensus view that unemployment will exceed 10% in coming months. [...]
Google Is Still Wrong About Unemployment
Posted in Data, Economy, Macroeconomics, Technology, tagged Bing, Data, Google, jobs, Macroeconomics, Microsoft, Search, unemployment, Wolfram Alpha on August 13, 2009 | 1 Comment »
Everyone who follows the U.S. economy closely knows that the unemployment rate was 9.4% in July, down 0.1% from June. Everyone, that is, except Google. If you ask Google (by searching for ”unemployment rate United States“), it will tell you the unemployment rate in July was 9.7%. What’s going on? Well, it turns out that Google is directing users to [...]
A Less-Bad Jobs Report
Posted in Economy, Macroeconomics, tagged jobs, Macroeconomics, unemployment, Wages on August 7, 2009 | 3 Comments »
The headlines in today’s jobs report were better than expected: Payrolls fell by “only” 247,000 in July, somewhat smaller than the 325,000 that analysts had anticipated. The unemployment rate ticked down to 9.4%. If you dig into the numbers a bit further, you find some other encouraging nuggets: Job losses in May and June were [...]
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