A Few Thoughts on the Employment Situation
Last week, I went into the details of the NFP report (See Tearing Apart January 2012 NFP data). There were 10 positive bullet points versus 5 negatives — and even those negatives were the same old sore spots (high teen and minority unemployment, persistent long term joblessness, etc.) that have been plaguing the labor market...
To Rush Limbaugh: A Lesson On The Seasonal Adjustment
While perusing various articles on the Employment Situation Summary that was released yesterday (2/3/2012), I came across this transcript from the Rush Limbaugh radio show where Rush decides essentially that we shouldn’t bother with the seasonally adjusted numbers and only look at the raw (NSA) job creation number from the Establishment Survey (likely because this...
No Rick Santelli and Zero Hedge, One Million People Did Not Drop Out of the Labor Force Last Month
SilverOz is an MPA specializing in local economic development and have worked in local economic development for a mid-sized midwestern county for over 10 years. He has personally worked on/managed projects that have totaled over $500 million in direct investment into the county. ~~~ So today following an otherwise pretty darn good jobs report, we...
Tearing Apart January 2012 NFP data
Despite the cries of the permabears and Rick Santelli, this was unequivocally a strong NFP report. The headline numbers were 243,000 net jobs, as unemployment dipped to 8.3%. The Labor Pool increased — suggesting that the improvement was not the usual employee retirement and discouraged worked giving up looking for work. When we go beneath...
GDP Post Mortem: Less Than Meets the Eye
Friday’s release of GDP prompted me to get back to the keyboard. I confess that between my day job and musing about economic issues for TBP and @TBPinvictus, I have been time challenged. I’ve been leaning toward the one that pays the bills. Back to Friday’s GDP data: 2.8% was weaker than expectations, and the...
OECD Report: Linking Income Distribution With Growth
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Source:
Bloomberg Brief
January 24, 2012
Euro Zone Bank Stress Test
Here’s another fun quiz, this one from Reuters Breakingviews: Wanna know how much Capital that needs to be raised by...
Is Email Dead?
Click to enlarge:
full graphic after the jump
Source: VisibleGains
NFP Update: Jobs, Politics & Markets
The post NFP story intrigues: This number was undoubtedly strong to anyone who read it (Rick Santelli excepted). Unemployment is trending downwards; revisions are positive; the average workweek ticked up 0.1 hours; average hourly earnings rose 4 cents (0.2%). And unlike last month, the labor force participation rate (64.0%) and the employment-population ratio were unchanged....
Is The ADP Payroll Number a Trap?
Is The ADP Payroll Number a Trap? Andrew Horowitz January 5, 2012 3:49 pm ~~~ From Andrew Horowitz of The Disciplined Investor: There has been a good deal of discussion around the web and other media outlets concerning the rather extreme reading on today’s ADP payroll report. The most often cited item is the regular...
Better to keep your mouth shut and be thought a fool…
…than to open it and remove all doubt. Invictus here. I usually know exactly where I’m going when I sit down to write a post — some numbers tell me a story that I think would be interesting to be share. Not so this time. I’ve wondered often and aloud what it takes these days...
Why Americans Pay So Much For Brand-Name Drugs
Click to enlarge:
Source:
Why Americans Pay So Much For Brand-Name Drugs
Health Care Finance News, October 25, 2011
