Economics Topics

Economics Topics

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U.S. Payroll Employment

While payroll employment is often thought to lag changes in the economy, it is a fairly well-measured statistic that is available on a monthly basis.

September 12, 2011, 7:34 am, 895901
Green jobs may be hard to measure precisely, but they are surely growing and would benefit greatly from a bipartisan acknowledgement of that, an economist writes.

September 11, 2011, 8:36 pm, 895783

The recovery from the Great Recession has been slow and unsteady. Two years after unemployment peaked at 10.1%, it still remains over 9%, in contrast to the under 5% in 2007. GDP has grown very slowly during the past year, and is now more than 10% below its ...

September 11, 2011, 8:36 pm, 895782

The President’s “Jobs” speech to a joint session of Congress on September 8 was notably forceful and, I am guessing, politically adroit. It may help to save at least one job—his own. But the question I want to address is, assuming that all his recommendations were enacted by ...

September 11, 2011, 7:34 pm, 895771
President Obama wants to spend $447 billion on a stimulus plan that will not stimulate a thing. Will any of it pass? The consensus is Expect 'Yes' on Tax Cuts, 'No' Elsewhere.

The real takeaway from President Barack Obama's jobs agenda?

Workers probably can count on continuing ...

September 11, 2011, 12:34 pm, 895725

Via Greg Mankiw I see Steve Allen’s got a plan for jobs

The numbers [for the new stimulus package] are sobering: $233k per job for the payroll tax cuts and $350k per job for the infrastructure spending. And these jobs would only be around for the duration of the ...

September 10, 2011, 4:46 pm, 895572

President Barack Obama’s latest set of proposals to get employers hiring more readily has stimulated one thing already: critiques, analyses and defenses of the strategy and its components. To get beyond the ...

September 10, 2011, 12:04 pm, 895537

This bit from Bruce Yandle challenges the conventional wisdom:

As to hiring teachers, total employment in local government education is already up by one million workers since August 2010. Teacher employment in state government nationwide is up 300,000 workers. The unemployment rate in education and health services at 6.3% is ...

September 10, 2011, 6:46 am, 895505

8.4%: Where Okun’s law suggests the unemployment rate should be.

Even when you consider the shoddy state of the economy, companies’ have shown a remarkable reluctance to hire, according to a rule of thumb first framed by economist Arthur Okun in the early 1960s.

September 9, 2011, 7:34 pm, 895453
Rebates on social security taxes will not create any jobs, let alone the 1.5 million to 2 million that is projected. To create jobs in private business we need structural reforms that will permanently make businesses more competitive such as health care reform and scrapping numerous union work rules.

September 9, 2011, 4:46 pm, 895387
The good news about President Obama's $447 billion jobs plan? A lot of analysts think it would boost growth. The bad news? The bump would likely be temporary. But before we go on ranting about the perils of an ineffectual Washington and the doom facing this economy, let's just consider ...

September 9, 2011, 2:45 pm, 895332

BARACK OBAMA'S jobs ideas are fairly reasonable, but presidents are faced with all sorts of checks on their power. How likely is it that his speech will yield an actual new stimulus?

A public appeal by a president is associated with an enacted appropriations that is 11-16 percentage points ...

September 9, 2011, 2:05 pm, 895322

Scott Winship, at his new Brookings gig, reports:

The bleak outlook for jobseekers has three immediate sources.  The sharp deterioration beginning in early 2007 is the most dramatic feature of the above chart (the rise in job scarcity after point C in the chart, the steepness of which depends on ...

December 31, 1969, 7:00 pm, 895321
(September 9, 2011 12:29 PM, by Arnold Kling) Mark Thoma recycles a chart from the Center for Budget and Policy Priorities showing cuts in employment in education. Ergo, we need to send stimulus money to state and local governments. I don't mean to single out Mark. Every Democrat... (2 ...

September 9, 2011, 12:34 pm, 895264

There has been a lot of praise about Obama’s jobs speech that he delivered last night, both in style and in substance. I thought the style was just fine, and has set Obama up in a position where he can clearly smack Republicans in the general election should they ...

September 9, 2011, 12:04 pm, 895261
One of the current Republican talking point is that a major reason that firms are not hiring is regulatory uncertainty.

Of course there is little or no evidence to support this argument and virtually every poll of business and especially small business shows that fear of regulation is a ...

September 9, 2011, 10:45 am, 895210

For the time being the Republicans have been deferential to Obama’s speech. This will not last, say our correspondents

September 9, 2011, 10:45 am, 895209

THE press is wall-to-wall coverage of President Obama's jobs speech(and that includes us), so I may as well chime in with my thoughts on the matter. I don't know about the politics. Mr Obama seemed to frame his jobs plan in a savvy fashion, and there ...

September 9, 2011, 10:36 am, 895203

When you get right down to it, the jobs plan President Obama proposed before a joint session of Congress last night was built on three elements:  A large payroll tax cut, lots of new spending on public infrastructure, and a promise that its $447 billion cost would be paid for with ...

September 9, 2011, 10:35 am, 895198

Both the Federal Reserve and the European Central Bank are owners of the printing press. They produce base money.

September 9, 2011, 9:23 am, 895182

Aaron Blake and Chris Cillizza write in The Fix that President Obama almost granted me one of my wishes last evening. "There was a word missing from President Obama's jobs speech Thursday night: 'stimulus.'" Their statement reminded me of something I wrote in December 2008 ...

September 9, 2011, 9:04 am, 895147

We're going to close out our series this week on the jobs situation in the United States with a historical look at the percentage of all working Americans who are working part time for economic reasons.

September 9, 2011, 7:33 am, 895138
The Federal Work-Study Program does not ensure that the neediest college students and colleges get their fair share, an economist writes.

September 9, 2011, 6:36 am, 895129

After a summer in which the economy seemed to slow down further week by week, President Obama told Congress last night that it needed to pass his $447 Billion jobs plan right away or he’d take his ...

September 9, 2011, 5:03 am, 895099

Obama's jobs plan was "bigger and bolder than expected':

Setting Their Hair on Fire, by Paul Krugman, Commentary, NY Times: First things first: I was favorably surprised by the new Obama jobs plan, which is significantly bolder and better than I expected. It’s not nearly as bold ...

September 9, 2011, 1:34 am, 895075
President Obama's rumored $300 stimulus program ballooned to $447 billion upon unveiling. For a full text of the speech, please see President Obama's jobs address

Amusingly, the plan is overweight tax cuts in an attempt to get Republican buy-ins.

Let's dissect portions of Obama's speech, lie ...

September 9, 2011, 1:03 am, 895070
Here is the fact sheet for The American Jobs Act

Some of the major proposals (total is around $450 billion):

1) Payroll tax cuts (approx $240 billion):

• Cutting payroll taxes in half for 160 million workers next year: The President’s plan will expand the payroll ...

September 9, 2011, 12:46 am, 895069

Economists and others weigh in with some early reactions to the president’s jobs proposal.

–President Obama’s newly proposed $450 billion job creation bill is equivalent to nearly 3% of GDP, so if it was passed by Congress as it stands it would certainly have a significant impact on ...

September 9, 2011, 12:46 am, 895068

September 9, 2011, 12:45 am, 895067

AS JOB growth has ground to a halt and stock markets have swooned, the outlook for both the American economy and Barack Obama’s presidency has dimmed. The jobs package he unveiled in a much anticipated speech before Congress on September 8th was a calculated attempt to resuscitate both.His “American ...

December 31, 1969, 7:00 pm, 895060
(September 8, 2011 10:51 PM, by Arnold Kling) Earlier today, I got an email from someone at NPR asking if I was available to comment on the President's speech afterward. I replied with my phone number, and the woman called me (not an on-air personality. I will withhold... (0 ...

September 9, 2011, 12:04 am, 895059

This quote from the New York Times article on the president’s speech, highlights everything wrong with macroeconomics as practiced in the public domain:

Preliminary analyses of the White House plan estimate that the tax cuts could create more than 50,000 jobs a month, a significant boost considering that employment climbed ...

December 31, 1969, 11:00 pm, 895054

Surprisingly, I did (I usually prefer to read the criticism), and this part got more of my attention than the rest, especially after the smog regs were not implemented:

President Obama’s big jobs speech Thursday takes an apparent shot at GOP efforts to scale back environmental regulations.

It ...

January 1, 1970, 3:00 am, 895046

The President laid out a series of policy measures in today’s speech which are, by textbook standards, entirely reasonable. And yet, many have been declared by the pundits to be DOA. I’ll leave the assessment of political feasibility to others, but the very fact that these specific measures

September 8, 2011, 10:35 pm, 895044
So we've been standing by all week for Obama's big jobs speech, promised in response to the awful jobs numbers last month.  Here are the details, as outlined by the White House; I've added in the amounts on the major categories as best I can figure them:

December 31, 1969, 7:00 pm, 895043
(September 8, 2011 08:31 PM, by David Henderson) That's the title of my piece that I wrote for the McClatchy newspaper chain. It ran in multiple McClatchy papers. Here's the one in the Fort Worth Star-Telegram. Here's one excerpt: First, distinguish between bad jobs and good jobs. An... (0 ...

September 6, 2011, 6:36 pm, 894035

Welcome to the season of jobs plans. GOP presidential hopeful Jon Huntsman offered his last week. President Obama will propose his before Thursday night’s football game.  But today is GOP presidential hopeful Mitt Romney’s day. And at least when it comes to tax policy, he veers a bit ...

September 8, 2011, 9:04 pm, 895025

President Obama addressed a joint session of Congress this evening, proposing a $447 billion jobs package titled the American Jobs Act. The plan includes a number of tax changes. Below are the President's references to taxes in his speech:

[The American Jobs Act] will provide a tax ...

September 8, 2011, 9:03 pm, 895023

Here's my reaction to the speech:

Obama's Jobs Speech: Bolder Than Expected

What did you think?

September 8, 2011, 8:34 pm, 895016

So I haven’t seen the speech but I can tell from the chatter that the President is pushing for an extension of the payroll tax cut. Obviously I am very much in favor of this.

I also see that he is looking for tax incentives for businesses that hire new workers. ...

September 8, 2011, 8:05 pm, 895014

Professor Casey B. Mulligan calculates that 16 year-old workers have fared worse than any other age group during the great recession from 2007 to 2010. The average 16 year-old worked 40% fewer hours in 2010 than 2007. For most age groups the fall in hours worked for ...

September 8, 2011, 8:04 pm, 895012
I still think Obama is toast—a result of his own making, since he’s really the apotheosis of a government-hating Republican who never tries to do anything because he’s afraid it would succeed. He’s basically Jon Huntsman, economic policy and all, with a slightly better social policy—or at least ...

September 8, 2011, 7:03 pm, 894983

David Altig has questions:

Another cut at the postrecession job picture, macroblog: There is not much to be said about the August employment report released last Friday—or not much good, anyway. The ongoing updates at Calculated Risk provide a chronicle of the questions and challenges that ...

September 8, 2011, 7:03 pm, 894982
Here are some excerpts (via the WSJ):

I am sending this Congress a plan that you should pass right away. It’s called the American Jobs Act. There should be nothing controversial about this piece of legislation. Everything in here is the kind of proposal that’s been ...

September 8, 2011, 2:36 pm, 894842

Dave Schuler links to this piece by Catherine Baum that I think pretty much summarizes what we’ll be hearing from the President tonight:

Let’s face it: If the president had a plan to ...

September 8, 2011, 12:45 pm, 894783

Expect one thing from President Obama’s speech on Thursday: a mini ARRA, a smaller version of essentially the same stimulus plan as that of 2009. He will probably call for putting the unemployed construction workers to work on infrastructure projects, he will propose tax incentives to firms to hire ...

September 8, 2011, 11:03 am, 894724

At MoneyWatch:

Obama's Speech: What are the Best Policies to Help the Unemployed?

The bottom line: "I am not very confident that anything will make it through Congress in this political climate. So the final recommendation is forthe White House to take whatever steps it can on its ...

September 8, 2011, 10:46 am, 894721

A new report estimates that the U.S. unemployment rate is 0.6 percentage point higher due to the extension of jobless benefits.

The biggest rap on extended unemployment benefits is that they discourage people from going out and finding work. Their skills erode, the government is saddled with higher costs, and the ...

September 8, 2011, 10:45 am, 894718

LAST night, contenders for the Republican nomination for the American presidency gathered to debate. Among the topics covered, the economy received particular attention, and the leading contenders went out of their way to tout their job-creation records. This made for a few moments of cognitive dissonance, as candidates who ...

September 8, 2011, 10:44 am, 894717
The BLS reported yesterday that there were 3,228,000 job openings in July, an increase of 1.9% from June, and 13.3% from July last year, to ...

September 8, 2011, 10:36 am, 894712

More than a year ago, New York Times columnist David Brooks raised eyebrows on the right when he appeared to endorse the Obama Administration’s “Green Jobs” initiative and the idea of investing government funds to create jobs ...

December 31, 1969, 11:00 pm, 894693

According to a recent Nanos poll conducted for the Globe and Mail, after health care, the economy/jobs is the top concern of Ontario voters this fall election. Ontario voters may be interested on how employment growth has fared in their particular neck of the woods under various political regimes.

I’ve calculated ...

September 8, 2011, 9:25 am, 894691
So just how can we create job growth that can lead us out of the Great Recession?

The word we get from our politicians is that ultimately it is government actions that create jobs.

A few ...

September 8, 2011, 9:04 am, 894652

Small businesses drive the growth of the U.S. job market.

So with today's unemployment rate over nine percent, which the ...

September 8, 2011, 9:03 am, 894651
The DOL reports:

In the week ending September 3, the advance figure for seasonally adjusted initial claims was 414,000, an increase of 2,000 from the previous week's revised figure of 412,000. The 4-week moving average was 414,750, an increase of 3,750 from the previous week's revised average of 411,000.

The ...

December 31, 1969, 7:00 pm, 894647
(September 8, 2011 07:15 AM, by Arnold Kling) I figured I would talk before the President does. Here goes. Let me know what you think.... (0 COMMENTS)

September 7, 2011, 9:33 pm, 894523
A conversation with Paul Osterman, co-author of "Good Jobs America: Making Work Better for Everyone," who argues that it is good and needed public policy to foster not only more jobs but decent ones.

September 7, 2011, 4:44 pm, 894428
U.S. oil, gas jobs: Status Quo vs. Increased DevelopmentWith more ...

September 7, 2011, 12:46 pm, 894310
Alarmingly high levels of unemployment call for the Federal Reserve to take additional steps to help the economy, even if that raises inflation levels a bit above desired levels, a top central bank official said.

September 7, 2011, 11:03 am, 894257
From the BLS: Job Openings and Labor Turnover Summary

The number of job openings in July was 3.2 million, little changed from June. Although the number of job openings remained below the 4.4 million openings when the recession began in December 2007, the level in July was 1.1 ...

September 7, 2011, 10:35 am, 894250

Jobs in and of themselves do not guarantee well-being. Suppose that the employment is to dig huge holes and fill them up again?

September 7, 2011, 8:36 am, 894185

Forty-eight hours from now we’ll be pouring through the details of the President’s jobs speech, such as it is, but it doesn’t sound like his fellow Democrats are very optimistic:

President Obama’s new effort to revive the ailing ...

September 7, 2011, 5:03 am, 894135

Brad DeLong:

...What in most important is not just what Obama proposes on Thursday (because nothing will get done by congress), but rather what he does in the weeks and months afterwards to actually tune the economy so that it creates more jobs. I think Obama ...

September 6, 2011, 8:46 pm, 894079

A corporate tax holiday for U.S. multinationals could create about 2.9 million jobs – roughly the same amount as the 2009 stimulus legislation – according to a new study sponsored by backers of the idea. And it would come at only a small fraction of the cost to the government, ...

September 6, 2011, 6:04 pm, 894026

Paul Osternman, who is in the Sloan School of Management at MIT writes in the New York Times (HT: Real Clear Politics):

On Thursday, President Obama will deliver a major speech on America’s employment crisis. But too often, what is lost in the call for job creation is a ...

September 7, 2011, 5:03 am, 894135

Brad DeLong:

...What in most important is not just what Obama proposes on Thursday (because nothing will get done by congress), but rather what he does in the weeks and months afterwards to actually tune the economy so that it creates more jobs. I think Obama ...

September 6, 2011, 10:04 am, 893770

In this earlier post about the upcoming speech of President Obama, I wrote:

What I’d like him to say is the same thing I wanted him to say in January of 2009. My druthers haven’t moved at all.

What I wrote in January of 2009 was this piece. The gist ...

September 5, 2011, 10:04 pm, 893625

There is only one thing worse than having trouble finding shovel-ready projects when a Keynesian mind-set is afoot in the land. That’s having lots of projects that are easy to start. Here is an old (Feb 2009) New York Times article on what happened in Japan:

HAMADA, Japan — The ...

September 5, 2011, 6:44 pm, 893610
Private payroll job growth for August was zero, the worst showing since since September 2010. Adding to the gloom, the job growth numbers for May and June were revised downward by a total of 52,000 jobs. Private nonfarm jobs increased by a slim 17,000 but that gain was offset by ...

September 5, 2011, 5:03 pm, 893593
With the unemployment rate at 9.1% and almost 14 million Americans unemployed, with the alternate measure of unemployment (U-6) at 16.2%, with 6 million workers unemployed for more than 6 months, and with 6.9 million fewer payroll jobs than at the beginning of the 2007 recession, one might think every ...

September 5, 2011, 2:35 pm, 893574

Tyler Cowen digs this rather depressing number out of a post by John Mauldin:

The US has roughly the same number of jobs today as it had in 2000, but the population is well over 30,000,000 larger. To get to a civilian employment-to-population ratio equal to that in 2000, ...

September 5, 2011, 1:03 pm, 893554
The graph below shows the number of total construction payroll jobs in the U.S., including both residential and non-residential, since 1969.

Construction employment is down 2.2 million jobs from the peak in April 2006, but up slightly this year (through the August BLS report).

Unfortunately this graph is ...

September 5, 2011, 10:04 am, 893513

What I’d like him to say is the same thing I wanted him to say in January of 2009. My druthers haven’t moved at all.

September 5, 2011, 7:34 am, 893473
The federal government must do more to create jobs -- and to ensure that women get a fair share of them, an economist writes.

September 5, 2011, 3:03 am, 893432

Time to change the conversation:

The Fatal Distraction, by Paul Krugman, Commentary, NY Times: Friday brought two numbers that should have everyone in Washington saying, “My God, what have we done?”

One of these numbers was zero — the number of jobs created in August. The other ...

September 4, 2011, 12:05 pm, 893359

The US has roughly the same number of jobs today as it had in 2000, but the population is well over 30,000,000 larger. To get to a civilian employment-to-population ratio equal to that in 2000, we would have to gain some 18 MILLION jobs.

Here is more.  People will differ, ...

September 4, 2011, 12:04 pm, 893357
Bill McBride offers a look at the employment/population ratios by age at Calculated Risk, also offered at Mark Thoma's Economist View:

There will probably be some "bounce back" for both men and women (some of the recent decline is probably cyclical), but the long term trend for men is ...

September 4, 2011, 10:04 am, 893343
Spencer came home from vacation and found downed trees and lines and sporadic wifi connections he attempted in the neighborhood. His report will have its own timetable this week. I found

September 3, 2011, 8:35 am, 893182

The last time black unemployment was this high Barack Obama was fresh out of college.

CNN Money (“Black unemployment: Highest in 27 years“):

Black unemployment surged to 16.7% in August, its highest level ...

December 31, 1969, 7:00 pm, 893155

The Bureau of Labor Statistics released some less than stellar job numbers today:

Nonfarm payroll employment was unchanged (0) in August, and the unemployment rate held at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major industries changed little over the month. Health ...

September 2, 2011, 7:33 pm, 893146
Another economic indicator: Lottery ticket sales are up.

September 2, 2011, 6:46 pm, 893118

Some Democrats are pushing to make job creation a top priority for the congressional supercommittee that is focused on the very different task of reducing government budget deficits.

House Democratic ...

December 31, 1969, 7:00 pm, 893050

December 31, 1969, 7:00 pm, 893049

September 2, 2011, 3:03 pm, 893004
Here are the earlier employment posts (with graphs):
August Employment Report: 0 Jobs (unchanged), 9.1% Unemployment Rate
Employment Summary, Part Time Workers, and Unemployed over 26 Weeks
Employment graph gallery

And a few more graphs based on the employment report:

Duration of ...

September 2, 2011, 2:45 pm, 892999

Thomas Masterson and Pavlina Tcherneva were interviewed by the Huffington Post for an article on job creation policy.  Tcherneva discussed the idea of a modern-day WPA, echoing a call she made at the outset of the Obama administration (in this policy note) for the government to ...

December 31, 1969, 7:00 pm, 892990

December 31, 1969, 7:00 pm, 892989

December 31, 1969, 7:00 pm, 892988

September 2, 2011, 1:33 pm, 892973
Some workers say a few positive things have happened to them as a result of unemployment, including more time with family, education and weight loss, according to a new survey from Rutgers.

September 2, 2011, 12:46 pm, 892931

Economists and others weigh in on the unchanged nonfarm payrolls number and steady 9.1% unemployment rate.

–The stagnation in payroll employment is an ominous sign. The monthly gain in payrolls has now been below 100,000 for four consecutive months and the unemployment rate has been stuck at around ...

September 2, 2011, 12:46 pm, 892930
Job market paralysis in August increases the chance the Federal Reserve will do something new to help the economy.

March 7, 2011, 10:19 am, 829929

The Wall Street Journal has the byline of two reporters over the Wisconsin-related story "Democrats to end union standoff." The story relies to a substantial extent on the word of Wisconsin senate minority leader Mark Miller of the fleebag 14:

Sen. Mark Miller said he and his fellow ...

September 2, 2011, 12:34 pm, 892921

There is no doubt that the recent jobs report was weak, but its worth noting that its not that far off what we have been experiencing recently.

Private payrolls increased by 17K but 45K jobs were cut because of the Verizon strike. After accounting for the strike private employment grew ...

September 2, 2011, 11:34 am, 892913
Jobs Report at a Glance

Here is an overview of today's numbers.

US Payrolls +0US Unemployment Rate Flat at 9.1% Participation Rate +.1 to 64.0%
Actual number of Employed (by Household Survey) rose by 331,000Unemployment rose by 36,000
Those not in the labor force dropped ...

September 2, 2011, 11:33 am, 892910
Today's jobs report is nothing but bad news -- especially when you consider how many fewer jobs the country has today than it had when the recession began in December 2007.

September 2, 2011, 11:33 am, 892909
How will this dismal jobs report, which didn't even meet economists' already very low expectations, affect the debate at the coming Federal Reserve meeting?

September 2, 2011, 11:03 am, 892867
This was a very weak report, so let's start with a few positives:

• August is over. Just like in June, when employment was impacted by the tsunami in Japan, employment in August was impacted by the debt ceiling debate in August. As I noted yesterday, the ...

September 2, 2011, 10:46 am, 892866

The U.S. jobless rate was flat at 9.1% in August, but the government’s broader measure of unemployment rose to 16.2%, ...

September 2, 2011, 10:46 am, 892864

The nation’s unemployment rate was unchanged in August. In addition, virtually zero jobs were added to the economy. Jon Hilsenrath and Phil Izzo provide analysis with News Hub panelists Kelly Evans and David Reilly.

September 2, 2011, 10:46 am, 892863

The number of jobs in the U.S. was reported as unchanged in August, and while that number will likely eventually be revised to a loss or a gain, the stagnation provides an apt metaphor for a stalled labor market where businesses are reluctant to hire.

The 0 number of jobs added ...

September 2, 2011, 10:45 am, 892860

THIS morning, the Bureau of Labour Statistics released its statistics on August employment growth in America. There was none. The American economy added zero net new jobs in August.

We will have a full analysis up later this morning. I'll just point out that since the recession officially ended, the ...

January 1, 1970, 12:00 am, 892857

Today’s employment report is dismal. It may not be fatal, but it’s the most discouraging update for jobs from the Labor Department since the Great Recession was formally declared dead and buried as of June 2009.

September 2, 2011, 10:35 am, 892856

For the first time in 66 years, the monthly jobs report shows zero net jobs created in the month of August:

The US economy created no jobs and the unemployment rate held steadily higher at 9.1 percent in ...

September 2, 2011, 10:35 am, 892850

The symbolism of today’s payrolls report — ZERO — would be bad enough even if it wasn’t coming out in advance of the Labor Day weekend. There’s a pattern here: no matter how bad Wall Street thinks the employment report is going to be, it always seems to be ...

December 31, 1969, 7:00 pm, 892842

September 2, 2011, 9:03 am, 892794
From the BLS:

Nonfarm payroll employment was unchanged (0) in August, and the unemployment rate held at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major industries changed little over the month. Health care continued to add jobs, and a decline in information ...

September 1, 2011, 7:33 pm, 892675
On Friday the Labor Department will release its first estimate for the number of jobs created in the United States in August, and right now expectations are low.

September 1, 2011, 5:25 pm, 892642
There are some recent reports suggesting that small businesses may be getting in a hiring mood. Not so, says the latest survey of small business owners by the NFIB that is about to be released.

"We wish there was good news ...

September 1, 2011, 4:35 pm, 892588

There’s another projection out for long-term unemployment, and there’s nothing good about it:

President Obama’s mid-session budget review confirms what most private and government projections have recently concluded — that the economy is considerably weaker than earlier forecasts ...

September 1, 2011, 3:03 pm, 892534
Tomorrow the BLS will release the August Employment Situation Summary at 8:30 AM ET. Bloomberg is showing the consensus is for an increase of 67,000 payroll jobs in August, and for the unemployment rate to hold steady at 9.1%.

Once again estimates all over the place, including more ...