The US economy added 228,000 new jobs in November of 2017 and analysts rush to assess the state of the economy as “STRONG.” Although the job reports are indeed good indicators of the performance of the US economy, one should not simplify the job report as the snapshot of the economy that allows for those … Continue reading The overuse of the word “Strong” in economic news.
One month of weak payroll data does not make a crisis. The US economy appears to have added only 160,000 new jobs during the month of April in 2016, the Bureau of Labor Statistics reported on Friday. A similar number was published earlier in that week by the payroll firm ADP. Although the slowdown in … Continue reading U.S. economic slowdown? Look at Real Estate labor market.
Although the Federal Open Market Committee (hereafter FOMC) March’s meeting on monetary policy focused on what apparently was a disagreement over the timing for modifying the Federal Bonds interest rates, the minutes indicate that the disagreement is not only on timing issues but also on exchange rate challenges. Not only does the Fed struggle with … Continue reading Unemployment √. Inflation √. So… what is the Fed worrying about?
Ever since Florida surpassed New York as the third most populous state in the nation, journalists started to document the ways in which the South region of the United States began attracting young sun-lovers enthusiasts. Two factors have been identified as drivers of an apparent migration from the north towards the south. On one hand, … Continue reading Why is America’s center of gravity shifting South and West?
Main national economic indicators reveal a solidifying moment of the American economy. In spite of job losses in mining and oil-related sectors, total nonfarm payroll employment increased by 242,000 in February; and although the unemployment rate kept unmovingly, the economy shows signs of very good standing relative to past winter season data. The biggest risk, … Continue reading Internal demand strengthens as external conditions weaken.
Data on both unemployment and prices have monetary policy analysts wondering whether or not the US supply side of the economy is heading towards overheating. Thus far, indicators on industrial production and capacity utilization show there is still room for the economy to advance at a good pace without risking too many resources. Such indicators … Continue reading “Core” inflation might be reflecting pressures solely generated by retailers.
The unemployment rate continues to decline in July 2015 for most of the metropolitan areas within the United States. 92% of the metropolitan areas in the Nation experienced lower unemployment rates than a year earlier while only 20 metro areas showed higher rates. In 8 out of 389 metropolitan areas, rates were unchanged. Metro areas … Continue reading Unemployment rate continues to decline in July 2015.
Regional and State statistics on employment and unemployment for the month of July 2015 looked motionless for the great majority of States in terms of over-the-month changes. Over-the-year though, nonfarm employment increased in 47 states and deceased in 2. In terms of employment levels, the greatest over-the-month increases were seen in California (+80,700), Texas (+31,400) … Continue reading Despite job losses, New Jersey’s labor market looks vibrant rather than sclerotic.
Economists like to think that wages are set depending upon two basic factors plus a “catchall” variable. The two basic factors are expected price level and unemployment rate. The “catchall” variable stands for all other overlooked factors affecting wage. The way in which the relationship is established by labor theory is that expected price level … Continue reading Do Workers on Unemployment Insurance make Other Workers’ Income Worst?
In a recent article published by the New York Times, Patricia Cohen and Ron Lieber made a brief inquiry on youth employment during summer 2015. In their writing piece, Cohen and Lieber open two windows for interpretation about factors affecting teenagers’ employment during summer school break. One of them is to believe that people between … Continue reading Where are the teenager workers? An answer to The New York Times.