NFP: Another in a long series of disappointments
As we expected, yesterday’s NFP was another stinkeroo. The 121k number was significantly below the 200k consensus, and far, far...
NFP: much ado about very little
The dismal set has gotten all hot and bothered over the preliminary ADP data, thought by some to be an early read on the NFP report....
The Increasing Pressure on the Middle Class
In yesterday’s RM column, I referenced a chart from the Sunday NYT (below). >click for larger graphic Courtesy of the New York...
Employment Slowing in Q2
Final thoughts on Employment, via Professor Morici: "Overall, conditions in labor markets remain mixed. Shortages have emerged for...
When Statistical Measures Fail to Capture Reality
The Sunday New York Times had an interesting story by Dan Gross about one of our favorite themes: What happens When Statistical measures...
Chart of the Week: How This Jobs Recovery Stacks Up
I’ve run variations of this chart so many times, it seems redundant to do so once again. But since the debate with Cody generated...
NFP stinks — and Some People Still Don’t Get It
Today’s NFP number stunk the joint up: 75,000. That’s half of the monthly population growth, meaning the percentage of people working...
Looking more closely at NFP data
Well, the markets liked it. NFP’s soft number 138k number for April — and the 36,000 downward revisions for the prior two...
Unemployment: Then versus Now
>Floyd Norris wades into the Unemployment debate. Over the weekend, the NYT columnist compared the current unemployment figures...
Then & Now
Over the past 3½ years markets crawled higher, we have watched the gradual but steady build up of bullish expectations. You can see it...