Category Archives: Employment

U.S. Employment Situation – April 2013

Posted on May 3, 2013 by

Nonfarm payrolls beat expectations, including some nice upward revisions.  The data reverses the pessimism that was building about a summer swoon.  The S&P500  couldn’t of had a better set-up going into the number. Here’s the BLS, Total nonfarm payroll employment … Continue reading →

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Spain’s record unemployment rate

Posted on April 25, 2013 by

(click here if video is not observable)

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U.S. Employment Situation – March 2013

Posted on April 5, 2013 by

Ugly employment data.   Retail hit hard hard losing 24K compared to a gain of 24K last month.  Relatively large net losses at building/materials and clothing stores.  Construction generated 18K net jobs compared to 48K last month.  Job creation in the … Continue reading →

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Employment in 10 largest counties in the U.S.

Posted on March 29, 2013 by

Employment in the nation’s 10 largest counties ranged from almost 1.0 million in Miami-Dade, Florida, to almost 4.0 million in Los Angeles, California, in September 2012. All of the 10 largest counties had percentage increases in employment from September 2011 … Continue reading →

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States with lower-than-national unemployment rates

Posted on March 21, 2013 by

In January 2013, 24 states reported jobless rates significantly lower than the U.S. figure of 7.9 percent, 9 states had measurably higher rates, and 17 states and the District of Columbia had rates that were not appreciably different from that … Continue reading →

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Unemployment rate by major worker group – BLS

Posted on March 14, 2013 by

Among the major worker groups, the unemployment rate for whites (6.8 percent) declined in February while the rates for adult men (7.1 percent), adult women (7.0 percent), teenagers (25.1 percent), blacks (13.8 percent), and Hispanics (9.6 percent) showed little or … Continue reading →

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The Chart: Construction Employment

Posted on March 13, 2013 by

Here is THE CHART which encapsulates the bullish cyclical macro story in the U.S. and illustrates how monetary policy is really starting to gain some traction in the real economy.  With 150K jobs created in the past five months the … Continue reading →

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U.S. Employment Situation – February 2013

Posted on March 8, 2013 by

Strong employment data out of the BLS this morning.  Construction is breaking out, something we’ve been looking for, adding 48K jobs in January,  the largest monthly increase since March 2007.   Now that construction employment is leading it reinforces the notion, … Continue reading →

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Construction Jobs Leading Nonfarm Payrolls

Posted on February 5, 2013 by

March lumber traded limit up today so we thought it is a good time to update our construction employment chart.   Many of the past months were revised up in the latest BLS release and the chart clearly shows the recovery … Continue reading →

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The Robots Are Here!

Posted on February 4, 2013 by

“…robots now poses the central economic dilemma of the Obama era” …In their book, Brynjolfsson and McAfee cite a meeting between Henry Ford and Walter Reuther, the union leader. Pointing at his new robots, Mr Ford says, “How will you … Continue reading →

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