The low unemployment conditions prevailing in the U.S. today have given workers at the bottom of the wage scale some extra leverage. If you don't like your job in fast food or retail -- or indeed, any entry-level position -- you won't find it too...
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Thursday:• At 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 218 thousand initial claims, up from 216 thousand last week.• At 8:30 AM: Gross Domestic Product, 1st quarter 2019 (Third...
Teaching positions make up five spots on the list, but all of them have an average salary below $40,000 per year.
I started doing some research for a new column involving the very low unemployment rate, why wages are lagging (Still), and what is being called full employment. I am finding lots of things that are confusing, if not outright conflicted. Consider...
In the middle of the volatile fall of 2008, with foreclosures skyrocketing and companies failing and unemployment spiking and the stock market sinking, 80 rattled first-semester Harvard Law School students stood outside a classroom and watched the...
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Authored by Charles Hugh Smith via OfTwoMinds blog,
The asymmetries are piling up and we're cracking under the weight.
Judging by the record-high stock market and the record-low unemployment rate, the "recovery" has reached new heights of...
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There are two ways of thinking about the Phillips curve relationship:
1. Falling inflation causes higher unemployment.2. Higher unemployment causes falling inflation.
Irving Fisher invented the Phillips curve...
Related topics: Facebook, Social Media, Twitter (business), Google, Google (GOOG), Linkedin (Lnkd), Inflation
● Not Working: Where Have All the Good Jobs Gone?
By David G. Blanchflower
Summary via publisher (Princeton U. Press)
Don’t trust low unemployment numbers as proof that the labor market is doing fine—it isn’t. Not Working is about...
From the BLS: Regional and State Employment and Unemployment SummaryUnemployment rates were lower in May in 6 states, higher in 2 states, and stable in 42 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today.......
The DOL reported:In the week ending June 15, the advance figure for seasonally adjusted initial claims was 216,000, a decrease of 6,000 from the previous week's unrevised level of 222,000. The 4-week moving average was 218,750, an increase of 1,000...
Thursday:• At 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 217 thousand initial claims, down from 222 thousand last week.• At 8:30 AM: the Philly Fed manufacturing survey for June. The...
Related topics: Fed, Polls
Statement here. Fed Chair Powell press conference video here starting at 2:30 PM ET.On the projections, growth was revised down, the unemployment rate revised up slightly, and inflation was softer.Q1 real GDP growth was at 3.1% annualized, and most...
Related topics: FOMC, Fed, Business Videos, Inflation
No matter how much you plan, there are some things in life you just can't anticipate -- a car wreck, a sudden illness, a rough patch of unemployment.That's why when it comes to your personal finances, it's best to follow the old adage "expect the...
Most people have had a moment when they wanted to quit their job -- sometimes in anger with a loud proclamation. It's a temptation made more enticing by the strong economy and low unemployment.Despite the positive hiring environment and the fact...
President Donald Trump should be coasting to reelection given that unemployment is under four percent — but poll after poll shows that the president is significantly down compared to prospective Democratic rivals. In fact, polling data from...
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Initial jobless claims for week ending June 10 – no concern yet I have started to monitor initial jobless claims to see if there are any signs of stress. My two thresholds are: 1. If the four week average on claims is more than 10% above its...
Even in the current low-unemployment, low-inflation U.S. economy, prosperity isn't evenly distributed. But if you're part of the demographic that's comfortable spending $100 on yoga pants, or the smaller population of people ready to shell out...
Related topics: Lululemon, Shell
By several economic indicators, the United States is in a historic era of prosperity. The unemployment rate recently hit 3.3%, its lowest point since the 1960s; the Dow Jones Industrial Average...
High school students go to college with the hope of obtaining a degree that would allow them to get a lucrative and fulfilling job in the future. While many students follow their passion, others just...
Today's Water Cooler: Biden, Sanders on democratic socialism, Warren, Democrat debates, UAW in Chattanooga, jobless claims, import and export, rail, ports, Amazon and Whole Foods, Uber flying taxis, Jevons Paradox, food forests, orphan counties,...
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