Posts filed under “Employment”
Sometimes, the headline copywriter just gets it wrong.
When initial unemployment claims fell
9,000 to a seasonally adjusted 311,000, it led to this headline:
Labor Market May Be Stronger Than Believed
Except for the first sentence, which stated "Jobless claims fell last week, a hint the employment picture may not be as bleak as last month’s decline in payrolls suggested" the gravamen of the article was that many indicators were negative.
The writer mentioned that LEIs fell yet again, as weakness in consumer confidence,
jobless claims, stock prices and building permits took a toll. More than a quarter of the firms said they are
scaling back employment and capital-spending plans because of
deterioration in the construction industry and financial-market
This sort of stuff must make reporters nuts . . .
Directly on point with our last post on NILFs and the labor participation rate, David points us to this delicious econ-wonk chart (below). It shows the relationship between a declining Employment Population Ratio, and subsequent recessions: Fascinating chart — thanks for the pointer, Dave, and thanks Adam for the chart! > Source: EM-Ratio — What,…Read More
Because of the office move (broadband gets hooked up today tomorrow), I have been a few days behind in tearing apart major releases. Yesterday, we gave the business to last week’s Back-to-School sales data, which was weaker than it appeared. We previously noted the many different ways BLS measures and reports unemployment (A Closer Look…Read More