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Employment Report: 11K Jobs Lost, 10% Unemployment Rate
Employment Report: 11K Jobs Lost, 10% Unemployment Rate
calculatedriskblog.com — From the BLS : The unemployment rate edged down to 10.0 percent in November, and nonfarm payroll... employment was essentially unchanged (-11,000), the U.S. Bureau of Labor Statistics reported today. Click on graph for larger image. This graph shows ... (more) Employment Report: 11K Jobs Lost, 10% Unemployment Rate
Good news is bad news
Good news is bad news
krugman.blogs.nytimes.com — Good news is bad news, because this month's not-too-bad number deflates the sense of urgency.... (more) Good news is bad news

Unemployment Latest Blog Posts

Employment Chart Round-Up
11 hours ago at The Big Picture
The unemployment rate declines!
17 hours ago at Bubble Meter
links for 2009-12-05
What That Jobs Report Might Really Mean
21 hours ago at Mises Economics Blog
Unemployment Rate Falls to 10%
online.wsj.com — U.S. job losses in November posted the smallest drop since the start of the recession and the... unemployment rate unexpectedly declined, a sign the labor market is finally healing as the economy recovers. Nonfarm payrolls fell by just 11,000 last ... (more) Unemployment Rate Falls to 10%
Unemployment’s Surprising Drop
Unemployment’s Surprising Drop
247wallst.com — The Labor Department is out with its November unemployment rate and the change in non-Farm payrolls. The... official unemployment rate in November went down to 10.0% from 10.2% in October. That is of course the official rate, as the unofficial rate is ... (more) Unemployment’s Surprising Drop
Did Obama Warn on Friday’s Unemployment Data?
Did Obama Warn on Friday’s Unemployment Data?
247wallst.com — There have been at least two occasions where President Obama has effectively made reference to the direction... of the unemployment and non-farm payrolls data within the few days before the key report due Friday. One was just a month ago, but it seems ... (more) Did Obama Warn on Friday’s Unemployment Data?
December 2 2009: It's foolish to ask for luxuries in times like these
theautomaticearth.blogspot.com — Unemployment has exploded: "We've lost a ton of jobs since I was here last," Davidowitz says, noting... the "real" unemployment rate is 17.5%. "That's an astounding number." Housing continues to sink: "The consumers' biggest asset is down trillions" in ... (more) December 2 2009: It's foolish to ask for luxuries in ...
Good Data and Flawed Conclusions
Good Data and Flawed Conclusions
online.wsj.com — U.S. Unemployment: A Historical View Track the national unemployment rate since 1948.... (more) Good Data and Flawed Conclusions
The Oxen Report: Unemployment, Crude, and Fed Day to Move Markets
philstockworld.com — Hey all. So, Monday turned out to be a pretty fantastic trading day for us. We had... our Buy Pick of the Day as Aeropostale Inc. (ARO). At our Midday Message alert , I recommended holding this one overnight since we had not gotten the movement on our 31.50 buy price I had wanted to see. I was ... (more) The Oxen Report: Unemployment, Crude, and Fed Day to ...
Virginia Borrows $1.26 billion To Pay Unemployment Benefits; Detroit Loses $400 Million on $800 ...
hf-implode.com — "Virginia is robbing Peter to pay Paul because it is plain flat out broke. Bankrupt is probably... a better word. To pay unemployment benefits, Virginia will borrow $1.26 billion and pay it back plus interest by jacking up unemployment taxes." (more) Virginia Borrows $1.26 billion To Pay Unemployment ...
Virginia Borrows $1.26 billion To Pay Unemployment Benefits; Detroit Loses $400 Million on $800 ...
globaleconomicanalysis.blogspot.com — Virginia is robbing Peter to pay Paul because it is plain flat out broke. Bankrupt is probably... a better word. To pay unemployment benefits, Virginia will borrow $1.26 billion and pay it back plus interest by jacking up unemployment taxes. Please ... (more) Virginia Borrows $1.26 billion To Pay Unemployment ...
Meredith Whitney: "I Haven't Been This Bearish In Over A Year, Recession Will Return, Stocks Way Overvalued"
Meredith Whitney: "I Haven't Been This Bearish In Over A Year, Recession Will Return, Stocks Way ...
dailybail.com — CNBC Video: An Extremely Bearish Meredith Whitney With Maria Bartiromo -- Aired Nov. 16 Stocks are overvalued... and the US economy is likely to fall back into a recession next year, well-known analyst Meredith Whitney told CNBC. "I haven't been this bearish in a ... (more) Meredith Whitney: "I Haven't Been This Bearish In Over A ...
FOMC Narrows Unemployment, Inflation and GDP Targets
FOMC Narrows Unemployment, Inflation and GDP Targets
247wallst.com — The November 3 to 4 Minutes of the FOMC meeting are now out, and as you have... been told over and over (and over and over)…. It has the flexibility to keep rates low for an extended period of time. But what is of interest is the new FOMC outlook ... (more) FOMC Narrows Unemployment, Inflation and GDP Targets
The Automatic Earth
theautomaticearth.blogspot.com — Unemployment has exploded: "We've lost a ton of jobs since I was here last," Davidowitz says, noting... the "real" unemployment rate is 17.5%. "That's an astounding number." Housing continues to sink: "The consumers' biggest asset is down trillions" in ... (more) The Automatic Earth
States: Seriously Delinquent Mortgages vs. Unemployment Rate
States: Seriously Delinquent Mortgages vs. Unemployment Rate
calculatedriskblog.com — Here is a scatter graph comparing the seriously delinquency rate for mortgage loans vs. unemployment rate for... all states. The seriously delinquent rate include 90+ days delinquent loans, and loans in the foreclosure process for Q3 2009 (Source: MBA).  ... (more) States: Seriously Delinquent Mortgages vs. Unemployment Rate
Wednesday links: the risk of unemployment
abnormalreturns.com — Tom Petruno , “After the horrors of 2008, a money manager who doesn’t keep up with the... market’s comeback this year is facing his or her greatest risk of all: the risk of unemployment.” ( Money & Co. ) Top stocks of the decade . ( ... (more) Wednesday links: the risk of unemployment
Nationwide Unemployment County By County (Time Lapse '06-'09)
Nationwide Unemployment County By County (Time Lapse '06-'09)
dailybail.com — Click the image to see the unproductive scourge of recessionary unemployment come sharply into focus, county by... county (time-lapse chart runs 30 seconds).  As far as we can tell, the figures are based on the BLS U3 measurement and thus don't show the true nature of job ... (more) Nationwide Unemployment County By County (Time Lapse ...
The Face of Unemployment/Frugal Holidays Links
diebrokeblog.com — I hope you’ll read this short “thinking piece” instead of skipping directly to the frugal holiday links.... A lot of us are having to do more with less these days. While the vast majority have jobs, remember that a little over a sixth of the working ... (more) The Face of Unemployment/Frugal Holidays Links
Roubini: For unemployment "the worst is yet to come"
hf-implode.com — " Nouriel Roubini, writing in the New York Daily News , said on Sunday that “unemployed Americans... should hunker down for more job losses” given the likelihood of a job less recovery. This was as gloomy a piece as I have seen from Roubini in the past few months. He has clearly become more ... (more) Roubini: For unemployment "the worst is yet to come"
Mish Unemployment Projections Through 2020 - It Looks Grim
Mish Unemployment Projections Through 2020 - It Looks Grim
globaleconomicanalysis.blogspot.com — Inquiring minds are interested in figuring out how long it might take to get back to "... full employment " defined as 5%. John Mauldin touched upon this theme in Welcome to the New Normal . John's analysis stopped short of making actual projections as ... (more) Mish Unemployment Projections Through 2020 - It Looks Grim
The ‘Real’ Unemployment Rate
The ‘Real’ Unemployment Rate
markettalk.newswires-americas.com — The ‘Real’ Unemployment Rate (more) The ‘Real’ Unemployment Rate
12 reasons unemployment is going to (at least) 12 percent
blogs.reuters.com — Gluskin Sheff economist David Rosenberg, formerly of Merrill Lynch, thinks the unemployment rate is going to at... least 12 percent, maybe even 13 percent. (more) 12 reasons unemployment is going to (at least) 12 percent
More Bull From Paul Krugman: Making The Case For A 15th Stimulus
More Bull From Paul Krugman: Making The Case For A 15th Stimulus
dailybail.com — Headline exaggeration is good for the tortured soul.  Trust me.  At least it feels like we've had... 14 previous acts of stimulation.  Let me count out loud: Lowering interest rates to zero TARP and related filth AIG stealth counterparty bailout (more than 50% ... (more) More Bull From Paul Krugman: Making The Case For A 15th ...
Rosenberg: U.S. unemployment rate headed for 12.0-13.0%
creditwritedowns.com — David Rosenberg thinks the unemployment rate is headed much higher than anyone anticipates.  If you recall, back... in January when the stimulus package was crafted, the Obama Administration felt that passing the bill would mean an unemployment rate ... (more) Rosenberg: U.S. unemployment rate headed for 12.0-13.0%
Will There Be a ‘New Normal’ For Unemployment?
moneywatch.bnet.com — Will There Be a ‘New Normal’ For Unemployment? (more) Will There Be a ‘New Normal’ For Unemployment?
Counting the Jobs Produced by the Stimulus
economistsview.typepad.com — HTML clipboard Gary Burtless argues that the job creation numbers the administration issued underestimate the true size... of the impact: Counting the Jobs Produced by the Stimulus, by Gary Burtless, Brookings : When the stimulus package was ... (more) Counting the Jobs Produced by the Stimulus
Speech - November 10, 2009
frbatlanta.org — The $787 billion fiscal stimulus program remains in force. Nearly $200 billion of this amount has been... paid out through the end of October. The "cash for clunkers" program, part of the stimulus effort, has already expired. The first-time home buyers' ... (more) Speech - November 10, 2009
Did Unemployment Really Rise?
norris.blogs.nytimes.com — Employment was up in October, and the unemployment rate was unchanged, no matter what you may have... read. The news looked bad only because of seasonal adjustments. (more) Did Unemployment Really Rise?
Chart of the Week: Unemployment Rates and Education
Chart of the Week: Unemployment Rates and Education
vixandmore.blogspot.com — While I have a bias in favor of using home grown charts for my chart of the... week , this week one chart in particular stuck in my head, the chart below from EconomPic Data that compares recent changes in the relative level of unemployment to the overall unemployment rate . It may take a moment ... (more) Chart of the Week: Unemployment Rates and Education
Unemployment Above 10%
Unemployment Above 10%
bespokeinvest.typepad.com — The unemployment rate hit 10.2% today, topping the 10% mark for the first time since June 1983.... Economists are generally expecting the rate to go higher before it goes lower. Back in September 1982 when the unemployment rate moved above 10% for the ... (more) Unemployment Above 10%
NFP/Unemployment Charts Get Fugly
NFP/Unemployment Charts Get Fugly
ritholtz.com — These employment situation reports, courtesyof Jake at Econompic , are simply fugly: > Average Weekly Hours Labor... Participation Rate (more) NFP/Unemployment Charts Get Fugly
Even More Unemployment Charts
Even More Unemployment Charts
ritholtz.com — These are butt ugly: click for larger graphics Charts via RM Chart by CalculatedRisk... (more) Even More Unemployment Charts
Unemployment Update
Unemployment Update
gregmankiw.blogspot.com — Click here for my interpretation of the graph. (more) Unemployment Update
Personal insolvencies rise to new record as unemployment bites
independent.co.uk — More people than ever before were declared insolvent in England and Wales during the third quarter of... the year. Figures released by the Insolvency Service yesterday reveal that there were 35,242 personal insolvencies over the three months to the end ... (more) Personal insolvencies rise to new record as unemployment ...
Unemployment
cafehayek.com — It’s up to 10.2%. Trouble ahead. Trouble behind. The politics is going to be very tough. More... pressure to “fix” the economy. The possibility that we are in the mess we are in because of past attempts to fix the economy is very ... (more) Unemployment
Broader Measure of Unemployment Stands at 17.5%
nytimes.com — For all the pain caused by the Great Recession, the job market still was not in as... bad shape as it had been during the depths of the early 1980s recession — until now. With the release of the jobs report on Friday, the broadest measure of unemployment ... (more) Broader Measure of Unemployment Stands at 17.5%
Nobel Laureate: New Normal in Joblessness Ahead
blog.ockhamresearch.com — In an interview with Bloomberg prior to the release of key unemployment data, Nobel Laureate Edmund Phelps... discussed what he sees as the “new normal” for the U.S. economy.  His view is that the U.S. should prepare for times of greater than normal average unemployment, and the ... (more) Nobel Laureate: New Normal in Joblessness Ahead
Unemployment in U.S. Jumps to 10.2%, Payrolls Fall
hf-implode.com — " The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October... and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain near zero." (more) Unemployment in U.S. Jumps to 10.2%, Payrolls Fall
Unemployment rate hits 10.2% in October
Unemployment rate hits 10.2% in October
marketwatch.com — Alert Email Print By Rex Nutting , MarketWatch WASHINGTON (MarketWatch) - The U.S. unemployment rate climbed to... 10.2% in October, topping the 10% mark for the first time in 26 years, the Labor Department reported Friday. Nonfarm payrolls dropped by ... (more) Unemployment rate hits 10.2% in October
Employment Report: 190K Jobs Lost, 10.2% Unemployment Rate
calculatedriskblog.com — From the BLS : The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm... payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job losses over the month were in ... (more) Employment Report: 190K Jobs Lost, 10.2% Unemployment Rate