The most encouraging item in todays jobs report was the sharp drop in underemployment (which includes not only those who are unemployed but also marginally attached workers and those who are part time for economic reasons). The underemployment rate fell to 16.5%, down from its peak of 17.4% last October and from 17.3% in December: [...]
Posts Tagged ‘unemployment’
Sharp Drop in Underemployment
Posted in Data, Economy, Macroeconomics, tagged Data, jobs, Macroeconomics, unemployment on February 5, 2010 | 4 Comments »
Fewer Layoffs, Not Enough Hiring
Posted in Data, Economy, Macroeconomics, tagged Data, jobs, unemployment on January 22, 2010 | 4 Comments »
(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 [...]
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 [...]
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 [...]
Unemployment from 3.6% to 48.5%
Posted in Data, Economy, Macroeconomics, tagged unemployment on November 9, 2009 | 3 Comments »
The New York Times has a fascinating graph showing how the unemployment rate has grown for every measured demographic group during the recession (ht: Ray). Nationwide, unemployment has averaged 8.6% over the past twelve months, but that average conceals enormous variation. At one extreme, unemployment has averaged just 3.6% for white women age 25 to [...]
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 [...]
Insight on Google and Unemployment
Posted in Data, Macroeconomics, Technology, tagged Data, Google, Search, unemployment on September 14, 2009 | 2 Comments »
In a series of posts (here, here, and here), I have expressed concern that Google directs its users to what I think is the “wrong” measure of unemployment. For example, if you search for “unemployment rate United States” today, it will tell you that the U.S. unemployment rate in August was 9.6%, when the actual [...]
Google and Me
Posted in Blog Admin, Data, Internet, tagged Blogging, Google, Internet, Search, unemployment on September 12, 2009 | 3 Comments »
A strange this happened last week: Google misplaced my blog. I’ve run all the usual diagnostics, and I can confirm that Google still knows that my blog exists. But it no longer appears in any of the searches – e.g., “natural gas price”, “unemployment”, “budget deficit”, or “brooke boemio” – that used to help new [...]
More Stimulus Spending Than Originally Projected
Posted in Budget, Economy, Macroeconomics, Politics, tagged Budget, CBO, Macroeconomics, Medicaid, OMB, Politics, Stimulus, unemployment on August 25, 2009 | 1 Comment »
Lots of budget news this morning, with the release of the newest projections from the Office of Management and Budget and the Congressional Budget Office. One headline is that spending on the stimulus will be higher than expected. As reported by Lori Montgomery at the Washington Post (ht EconomistMom): The $787 billion economic stimulus package [...]
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