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Jobs Contract 18th Straight Month; Unemployment Rate Hits 9.5%
globaleconomicanalysis.blogspot.com - 7/3/2009
Jobs Contract 18th Straight Month; Unemployment Rate Hits 9.5%
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This morning, the Bureau of Labor Statistics (BLS) released the June Employment Report . Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported ...

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Daily Markets:  Is Unemployment Understated?

Unemployment: Stress Test Scenarios, Diffusion Index, Weekly Claims
calculatedriskblog.com - 7/2/2009
Unemployment: Stress Test Scenarios, Diffusion Index, Weekly Claims
— calculatedriskblog.com — Note: earlier Employment post: Employment Report: 467K Jobs Lost, 9.5% Unemployment Rate . The earlier post includes a comparison to previous recessions. Stress Test Scenarios Click on graph for larger image in new window. This graph shows the ... (more) Unemployment: Stress Test Scenarios, Diffusion Index, ...

Comments vote down Abnormal Returns found this 7/2/2009found this
oldprof.typepad.com - 7/10/2009
Intuition and Economics
— oldprof.typepad.com — (This is the second installment of our series describing how the BLS might respond to critics of the Birth/Death adjustment. See Part One here. ) Everyone uses intuition, making decisions that seem instinctive rather than the result of a carefully ... (more) Intuition and Economics

Comments vote down Daily Markets found this 7/10/2009found this
FORECAST: June 2009 — Total Nonfarm Payroll Down 260,000 (Updated 7/1/09)
hdi.wantedanalytics.com - 7/2/2009
FORECAST: June 2009 — Total Nonfarm Payroll Down 260,000 (Updated 7/1/09)
— hdi.wantedanalytics.com — Based on improving Hiring Demand levels and the most recently-reported monthly payroll data for May, WANTED Technologies is forecasting that the Bureau of Labor Statistics will report a loss of 260,000 jobs in its upcoming June Employment Situation ... (more) FORECAST: June 2009 — Total Nonfarm Payroll Down 260,000 ...

Comments vote down A Dash of Insight found this 7/2/2009found this
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Is Unemployment Understated?
Daily Markets — ... and relationships, and therefore is likely to have some difficulty producing reliable estimates at economic turning points or during periods when there are sudden changes in trend.” So given that the economy has been dropping jobs for 18 months and is in the middle of what is arguably the worst recession since WWII, is it rational to expect that the net effect would be for this adjustment to consistently add jobs? Here are the adjustments since last April 2008 from the BLS by way of http://globaleconomicanalysis.blogspot.com/2009/07/jobs-contract-18th-straight-month.html ): ...

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