http://www.ritholtz.com/blog/2009/06/jim-welsh-june-letter/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 18:24:37 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.ritholtz.com/blog/2009/06/jim-welsh-june-letter/comment-page-1/#comment-189148 Employment Numbers Decline - Economic Green Shoots in Question | ZachStocks Thu, 02 Jul 2009 13:29:46 +0000 http://www.ritholtz.com/blog/?p=30467#comment-189148 [...] Other measures such as average hourly earnings and the average workweek are also very important statistics to be aware of.  In June, the hourly earnings level was flat at $18.53 while analysts had been expecting a slight gain.  The average workweek was 6 minutes shorter as the total number of hours worked was lighter.  This implies that even workers who do not show up in the official unemployment numbers are not seeing any recovery in their income levels and in fact, many are having to take a cut in hours as businesses struggle to meet payroll.  Ironically, many of these workers are having to work harder in order to make up for work done by fellow employees who have been laid off. Other Articles of Interest Cap and Trade Investments Retail Stocks Ready to Fail Personal Spending Hits Perfect Storm Jim Welsh June Letter [...] [...] Other measures such as average hourly earnings and the average workweek are also very important statistics to be aware of.  In June, the hourly earnings level was flat at $18.53 while analysts had been expecting a slight gain.  The average workweek was 6 minutes shorter as the total number of hours worked was lighter.  This implies that even workers who do not show up in the official unemployment numbers are not seeing any recovery in their income levels and in fact, many are having to take a cut in hours as businesses struggle to meet payroll.  Ironically, many of these workers are having to work harder in order to make up for work done by fellow employees who have been laid off. Other Articles of Interest Cap and Trade Investments Retail Stocks Ready to Fail Personal Spending Hits Perfect Storm Jim Welsh June Letter [...]

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