Weekly Eurozone Watch: Spain at 6.0%, Greece Blows Out
Eurozone Watch: Key data points: German 10-year Bund new weekly closing low at 1.516 percent; Spain 10-year wider by 34 bps, first 2012 weekly close over 6.0 percent; Italy 10-year 14 bps wider; Greece 10-year blows out 425 bps on the week; Banks x/France bounce from last week’s rout; Euro Currency falls 1 percent...
Manufacturing Employment in the U.S.
Here’s an interesting data series we thought you might enlightening. Note the peak in manufacturing jobs in June 1977, which represented 22 percent of all nonfarm payrolls, to less than 9 percent of total employment today. It’s too earlier to claim victory with the current recovery in the manufacturing sector, but it is the the...
The Tale of Two Recoveries
The Global Macro Monitor is running a series of charts this week analyzing the current jobs recovery. Today we have a couple of background charts looking at the change in monthly nonfarm payroll employment from January 1999 to the most recent data of March 2012. Chart 1 illustrates the depth of job losses during the...
Sovereign Debt Holdings By Type of Investor
The International Monetary Fund (IMF) is out with an update of their Global Financial Stability Report, which includes the following graphic of sovereign debt holders of the big three issuers and the Euro area. The IMF notes, …In the United States, foreign investors have dominated the market for U.S. Treasuries in view of its large...
U.S. Employment Situation – March 2012
Nonfarm payrolls disappointed in March, posting a 120K increase. Retail took a huge hit, losing 34K jobs and the construction industry, traditionally the lead driver out of recession, has yet to gain any real traction in creating jobs. The BLS release notes, Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate was...
U.S. Employment Situation – March 2012
Nonfarm payrolls disappointed in March, posting a 120K increase. Retail took a huge hit, losing 34K jobs and the construction industry, traditionally the lead driver out of recession, has yet to gain any real traction in creating jobs. The BLS release notes, Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate was...
U.S. Employment Situation – March 2012
Nonfarm payrolls disappointed in March, posting a 120K increase. Retail took a huge hit, losing 34K jobs and the construction industry, traditionally the lead driver out of recession, has yet to gain any real traction in creating jobs. The BLS release notes, Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate was...
U.S. Employment Situation – March 2012
Nonfarm payrolls disappointed in March, posting a 120K increase. Retail took a huge hit, losing 34K jobs and the construction industry, traditionally the lead driver out of recession, has yet to gain any real traction in creating jobs. The BLS release notes, Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate was...
U.S. Employment Situation – March 2012
Nonfarm payrolls disappointed in March, posting a 120K increase. Retail took a huge hit, losing 34K jobs and the construction industry, traditionally the lead driver out of recession, has yet to gain any real traction in creating jobs. The BLS release notes, Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate was...
U.S. Employment Situation – March 2012
Nonfarm payrolls disappointed in March, posting a 120K increase. Retail took a huge hit, losing 34K jobs and the construction industry, traditionally the lead driver out of recession, has yet to gain any real traction in creating jobs. The BLS release notes, Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate was...
