ritholtz.com - 12/8/2008
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Over the past few years, we have railed at the prettyfied numbers that come out of BLS regarding NFP job creation and the unemployment rate. From the Birth Death Adjustment to the understated unemployment rate, the official data (and corresponding headlines) painted a very misleading picture ...
econbrowser.com - 12/6/2008
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econbrowser.com —
Rather than engage in long commentary, I thought
a set of pictures would be sufficient to convey...
the deteriorating macroeconomic situation, at least as reflected in the labor market. First, the decline from peak in nonfarm payroll employment at ...
(more)
The Employment Situation in Pictures
bls.gov - 12/5/2008
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bls.gov —
[Accessibility Information] Monthly Labor Review Online Related BLS
programs | Related articles EXCERPT February 1983, Vol. 106,...
No. 2 Unemployment continued to rise in 1982 as recession deepened Michael A. Urquhart and Marillyn A. Hewson T he ...
(more)
Unemployment continued to rise in 1982 as recession ...
calculatedrisk.blogspot.com - 12/3/2008
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calculatedrisk.blogspot.com —
From ADP: November Employment Report Nonfarm private employment
decreased 250,000 from October to November 2008 on a...
seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change in employment from September to October was revised down from a decrease of ...
(more)
More Bad Employment News
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Monday links: reasons for a bottom
Abnormal Returns —
... for the year. (NYMag.com)
Contango is rampant in the oil market. (FT Alphaville)
Does John Thain deserve a bonus? (Market Movers)
Limited partners are reneging on their commitments to venture capital funds. (WSJ.com also naked capitalism)
The Friday jobs report was worse than you think. (Big Picture)
If bubbles are inevitable, what ...
Higher unemployment: Labor force effects versus job loss effects
macroblog —
... There is some debate about what measure of unemployment we should focus on in measuring the degree of misery in the labor market. However, even if one adds back into the unemployment numbers (and, necessarily, back into the labor force count) those who have dropped out of the labor force because they were discouraged, the conclusion about the relative roles of labor supply decisions and actual job losses play in the construction of the unemployment rate does not change—job losses always dominate. ...
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