Archive for the ‘Employment’ Category
Posted by Larry Doyle on March 28th, 2012 4:13 AM |
Smile for the camera.
If it smells like a job, sounds like a job, and feels like a job, you can rest assured that in this day and age most politicians will jump all over it and look for a photo op in the process. In so many words, that is exactly what has transpired with the passage of the JOBS Act. This newly launched government initiative is intended to Jumpstart Our Business Startups.
How might this program work? How many jobs might it generate? Are there any risks involved in the process? Do we dare ask these questions, or should we just accept the fact that it says “jobs” and it is an election year so it must be a good program. Is this the best we get out of Washington these days? (more…)
Tags: how many jobs will JOBS Act produce, job growth, jobs, JOBS Act, Jumpstart Our Business Startups, Regional Economic Models Incorporated, REMI economist Scott Michael Nystrom, Rep Scott Brown, Representative Patrick McHenry, risks in crowdfunding, risks in venture capital, risks of crowdfunding, Ryan Minto, what is crowdfunding
Posted in Employment, General | 10 Comments »
Posted by Larry Doyle on February 22nd, 2012 6:28 AM |
This commentary provides a wealth of details and data along with some fabulous links. I firmly believe it covers the most important issues which will determine the future health and prosperity of our nation. It is a little lengthy, and for some perhaps overly sensitive—dare I say politically incorrect—but I hope you will take the time to read, review, and comment upon it. Thanks. LD
While there are plenty of pols in Washington and elsewhere who would like to paint a picture of a land divided along class lines, let’s not get distracted by those merely making noise to score political points.
Let’s dig a little deeper and determine who is not keeping up along our economic landscape . . . and why? (more…)
Tags: America's Promise Alliance Cities in Crisis, As Job market Mends Dropouts Fall Behind, class warfare in America, Editorial Projects in Education Research Center, Education, Education Gap Not Income Gap is America's Number 1 Problem, education impact on jobs and income, graduation rates in urban settings, graduatoin rates amongst minorities in America, high school dropouts, income disparity in America, income level vs education, income levels amongst classes in America, level of education impact on income and jobs, McKinsey Global Institute study on education, National Fatherhood Initiative, single parent birth statistics, single parent families and child abuse, single parent families and drug and alcohol abuse, single parent families and incarceration, single parent families and obesity, single parent families and poverty, single parent families and teen pregnancy, unemployment amongst high school dropouts, unemployment and education, unemployment and family structure, unemployment and single parent birth rates, who is Susan Lund of McKinsey and Company
Posted in Barack Obama, Education, Employment, General | 9 Comments »
Posted by Larry Doyle on August 5th, 2011 9:13 AM |
The big exhale you may have just heard emanating from Washington follows a slightly better than expected unemployment report this morning.
I am happy to hear that the report is slightly better than expected and will address the particulars momentarily. I caution people not to make too much of this report, though. Why?
While the report may have exceeded expectations, let’s not lose sight of the fact that the expectations were not all that high at the outset.
Additionally, this report is backward looking. What have we seen and heard from a wide array of companies recently? Indications of further layoffs.
Those with a measure of ‘sense on cents‘ do not take reports on face value. Let’s dig a little deeper. (more…)
Tags: 2011, average workweek august 2011, Bureau of Labor Statistics, employment report august 5 2011, employment situation August 2011, Employment Situation Summary August 2011, hourly earnings august 2011, labor participation rate august 2011 p, labor report august 5 2011, Larry Doyle, NFP report august 5, nonfarm payroll report august 5 2011, Sense on Cents, unemployment rate august 2011, unemployment report august 2011, unemployment report august 5 2011, what is participation rate
Posted in Employment, General, Unemployment | 5 Comments »
Posted by Larry Doyle on July 8th, 2011 8:42 AM |
Our ‘walking pneumonia’ economy is not making any real progress in terms of an improving labor market in the United States.
Consensus estimates for the July employment report (measuring June economic activity) had an increase of 105k jobs with many economists recently revising their estimates higher to 125k.
Their ‘guesstimates’ were not close as the non-farm payroll report released at 8:30am reflected an increase of a mere 18k jobs with downward revisions to the prior two months of 44k jobs.
Were there any hidden gems in the report? Not a one. (more…)
Tags: average hourly earnings July 2011, average hours worked July 2011, David Plouffe, David Plouffe comments on economy, David Plouffe Obama adviser, David Plouffe talks about economy July 2011, employment report July 8 2011, hope is a lousy hedge, it's the economy stupid, July 8 employment report, July 8 unemployment report, labor market in United States, Obama adviser David Plouffe, private payroll growth July 2011, revisions to non-farm payroll july 8 2011, unemployment report July 8 2011, walking pneumonia economy, who is David Plouffe
Posted in Employment, General, Unemployment | 4 Comments »
Posted by Larry Doyle on April 1st, 2011 8:52 AM |
This morning’s Unemployment Report may be presented as another in an ongoing series of gradually improving signs of economic recovery. That said, the report lacks one vitally important ingredient. What is that?
Yeast.
What? “LD, what the heck are you talking about?”
As any trained chef knows, “it’s the yeast that makes the dough rise!!” On that note, while pundits and analysts may care to focus on the headline unemployment rate declining to 8.8% and non-farm payrolls increasing by 216k, for those focused on the structural health and well being of our economy, I encourage you to focus on wages. (more…)
Tags: economic recovery, education reform, employment report april 1 2011, entitlement reform, fiscal deficit, hours worked april 2011, long term unemployed april 2011, net savings rate, nfp april 1 2011, non farm payroll report april 1 2011, politics as we know it in Washington, structural unemployment, unemployment report april 1 2011, wage growth april 2011, walking pneumonia economy, where's the yeast, yeast makes dough rise
Posted in Employment, General, Unemployment | 4 Comments »
Posted by Larry Doyle on August 13th, 2010 8:06 AM |
Just what is the true rate of unemployment in our country? Our headline U-3 rate is currently 9.5%. Our U-6 rate, more broadly defined, is 16.5%.
Many people are aware of the differences between U-3 and U-6; however, renowned economist John Williams takes our analysis to an entirely new level. Williams is far ahead of the curve in his work.
William is likely not a regular on the Washington cocktail circuit. Why’s that? He goes far deeper in his work and exposes inconsistencies, if not worse, in government statistics. Let’s learn more about Williams and his work at Shadow Government Statistics:>>>> (more…)
Tags: Amos Tuck, BLS, Bureau of Labor Statistics, Economy, Employment, government manipulation of economic statistics, John Williams career, John Williams Dartmouth economist, Larry Doyle, real rate of unemployment, Sense on Cents, SGS, Shadow Government Statistics, U-3, U-6, Washington cocktail circuit, what is our real rate of unemployment
Posted in Employment, General, Unemployment | 4 Comments »
Posted by Larry Doyle on August 6th, 2010 9:46 AM |
This morning’s Unemployment Report further confirms that our economy remains burdened by our Sense on Cents description of ‘walking pneumonia.’ While this month’s report was decidedly weaker than expectations, once again we witness downward revisions to prior reports. Do you find it strange that more often than not much of the economic data released has displayed this tendency to have downward revisions to prior reports. Think the data is heavily massaged? You think?
Let’s navigate this morning’s report thanks to The Wall Street Journal’s Market Data page: (more…)
Tags: august 6 non-farm payroll report, August 6 unemployment report, average hours worked august 6 2010, employment report august 6 2010, Larry Doyle, market reaction unemployment report august 6 2010, more quantitative easing, nfp august 6 2010, QE2, quantitative easing, Sense on Cents, U-6 august 6 2010, unemployment report august 6, unemployment revisions august 6 2010, where are the jobs
Posted in Employment, General, Unemployment | 7 Comments »
Posted by Larry Doyle on July 2nd, 2010 9:19 AM |
The release of the Unemployment Report this morning is very much consistent with an economy that is undergoing real structural changes and adjusting to the realities of lessened credit and limited growth. As much as some may like to spin it one way or another, those realities are the simple and straightforward ‘sense on cents’ views as we navigate our economic landscape. I do not envision these realities changing anytime soon.
A quick review:
1. The overall unemployment rate declined from 9.7% to 9.5% while the consensus expectation was for an increase to 9.8%. The underemployment rate declined from 16.6% to 16.5%. Are these positive developments? Nope. Why? The rates dropped as more people, in this case 652k workers, have given up looking for work and have exited the labor force. (more…)
Tags: average hourly earnings report july 2 2010, average hours worked report july 2 2010, employment report july 2 2010, jobs report july 2 2010, non-farm payroll report july 2 2010, underemployment rate july 2 2010, unemployment rate july 2 2010, unemployment report july 2 2010
Posted in Employment, General, Unemployment | 3 Comments »
Posted by Larry Doyle on April 5th, 2010 8:29 AM |
Where is the jobs growth? If we listen to many in Washington or the general media, Friday’s employment report (indicating +162k in non-farm payroll) was a turning point in our labor markets. Was it really? Let’s listen to former Labor Secretary Robert Reich and get his take.
Although I have a decidedly different point of view than Reich on many economic and political topics, I do believe that Reich speaks from his heart and presents what he believes to be the truth as opposed to sugarcoating data to further promote a political agenda. (more…)
Tags: census hiring impact on labor report, Fed stimulus, jobless recovery, jobs, manufacturing jobs, Reich review of labor market, Robert reich, Robert reich no jobs recovery, Robert Reich on jobs, Robert reich review of economy and jobs, Robert Reich review of employment, Robert Reich thoughts on labor situation, temporary jobs, U.S. economy, walking pneumonia
Posted in Employment, General, jobs, Robert reich, Unemployment | 3 Comments »
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Unemployment Report July 8…U-G-L-Y!!!
Posted by Larry Doyle on July 8th, 2011 8:42 AM |
Consensus estimates for the July employment report (measuring June economic activity) had an increase of 105k jobs with many economists recently revising their estimates higher to 125k.
Their ‘guesstimates’ were not close as the non-farm payroll report released at 8:30am reflected an increase of a mere 18k jobs with downward revisions to the prior two months of 44k jobs.
Were there any hidden gems in the report? Not a one. (more…)
Tags: average hourly earnings July 2011, average hours worked July 2011, David Plouffe, David Plouffe comments on economy, David Plouffe Obama adviser, David Plouffe talks about economy July 2011, employment report July 8 2011, hope is a lousy hedge, it's the economy stupid, July 8 employment report, July 8 unemployment report, labor market in United States, Obama adviser David Plouffe, private payroll growth July 2011, revisions to non-farm payroll july 8 2011, unemployment report July 8 2011, walking pneumonia economy, who is David Plouffe
Posted in Employment, General, Unemployment | 4 Comments »