Labor Data: Milking More Blood From Stones
We have just seen the weekly jobless claims data, and it gets scary when you consider the readings seen from workforce productivity and unit labor costs. It seems as though employers are driving up…
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Newest first · Page 95Did Obama Further Temper Unemployment Expectations?
Today’s market weakness is being attributed to a myriad of issues, with most profit taking being attributed to added valuation after huge gains not meeting up to the current economy. But there have been…
UAW Drives Ford (F) Off A Cliff
The UAW rank-and-file rejected a labor pact with Ford (NYSE:F) even though the car company offered each member of the union $1,000 to agree to the deal The No.2 US auto company now has to…
GDP Shows Recession End, Sort Of
The Commerce Department has reported in Q3-2009 Gross Domestic Product figures. We had 3.2% as the official estimate, but Goldman’s drop late yesterday took expectations lower. Bloomberg had consensus at 3.0% for GDP. The…
More Airline Layoffs (LCC, AMR)
If you are often in major airports, it is frankly hard to see how the airline carriers still have pressure compared to six to twelve months ago. The airports and planes are full to…
Confidence Heads Back South
All of the optimism from Joe Q. Public may be waning if the most recent data from The Conference Board holds up. Particularly as job anxiety keeps mounting. The October reading fell down to…
Jobless Claims Heading Wrong Direction, Again
The Labor Department has just issued its report on weekly jobless claims. The hopes that we’d finally get back under 500,00 were dashed as the claims rose by a revised 11,000 bodies to a…
Jobless Claims Taming, A Tad
The Labor Department’s report on weekly jobless claims came in at 514,000, slightly better than the estimates of 520,000 from Bloomberg. Thi was based against a prior 521,000 unrevised and based on a 524,000…
FOMC: Recovery Yes, But High Unemployment For Years
The September Minutes from the FOMC are out and the tone is getting far less cautious and far less negative, despite all the caveats. It also shows that there is some disagreement among members…
The Surprise in Weekly Jobless Claims
The Labor Department has released its figures for the weekly jobless claims came in at 521,000 versus a revised figure of 554,000 last week (originally reported as 551,000). Bloomberg had a consensus reading of…
Services Sector Back To Growth, At Least Some
The service sector is now back to expanding, even officially, according to the ISM non-Manufacturing data just released. The Institute for Supply Management’s Non-Manufacturing Business Survey came in at 50.9% for September 2009, which…
The Great Jobless Recovery
The Labor Department has come out with its weekly jobless claims, and we are still seeing nothing much more than a jobless recovery. The number came in down 12,000 on a revised basis down…
Factory Shifts About To Get Longer?
This morning’s data from the Commerce Department underscores that even a mild return of demand could create a massive relaunch of the United States manufacturing engine without much job growth. The Commerce Department reported…
Eli Lilly (LLY): America’s Most Stable Companies Keep Cutting Jobs
The rate at which unemployment is growing has slowed recently and is no longer running more than 700,000 jobs lost a month. But, the firings are continuing, even at America’s largest companies, a sign that…
Jobless Data Skewed By Holiday
The Labor Department has released its weekly jobless claims and the figure showed that there were -26,000 to 550,000 in weekly claims. The prior week’s initial figure of 570,000 was revised to 576,000. This…