calculatedriskblog.com - 8/7/2009
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Note: earlier Employment post: Employment Report: 247K Jobs Lost, 9.4% 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 unemployment rate compared to the stress test ...
econbrowser.com - 8/9/2009
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econbrowser.com —
Some are greeting Friday's employment report as an
all-clear signal. But my advice is, keep your helmet...
on-- they're still shooting real bullets out there. Let's start with the good news. I first called attention to the favorable turn in new ...
(more)
It's not over yet
oldprof.typepad.com - 8/7/2009
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oldprof.typepad.com —
Nearly everyone interested in the markets pays special
attention to the monthly employment situation report. Briefing.com gives...
it the highest rating for importance. CNBC commentators todaysaid that everyone was breathless, waiting for the ...
(more)
The Employment Report and the Birth/Death Adjustment
econompicdata.blogspot.com - 8/7/2009
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econompicdata.blogspot.com —
Unemployment dropped from 9.5% to 9.4%, but why?
It looks like individuals left the labor force. Month...
over Month Change (S.A.) How does this work? The numerator in unemployment is unemployed... the denominator is labor force. Simplified example: ...
(more)
Unemployment Drop = Smaller Labor Force
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Jobs Report Roundup
Economist's View —
... terms (and the
1948 recession recovered very quickly) - and also in terms of the unemployment
rate (only early '80s recession was worse).
With fewer job losses ("only" a rate of 3 million job losses per year),
and the dip in unemployment rate, this will be consider an improvement. It is
still a weak employment report. Much more to come ...
[See also
Employment-Population Ratio, Part Time Workers, Average Workweek,
Unemployment: Stress Tests, Unemployed over 26 Weeks, Diffusion Index] ...
It's not over yet
Econbrowser —
... Rising unemployment could mean more foreclosures and bankruptcies, putting new stress on financial institutions. Calculated Risk notes that even the increases we've already seen put us above the "more adverse scenario" from the recent stress tests. ...
Related: jobs report graph
Employment Report: 247K Jobs Lost, 9.4% Unemployment Rate
calculatedriskblog.com 8/7/2009 — From the BLS : Nonfarm payroll employment continued to decline in July (-247,000), and the unemployment rate was little changed at 9.4 percent, the U.S. Bureau of Labor Statistics reported today. The average monthly job loss for May through July ...