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calculatedriskblog.com - 9/4/2009

Unemployment: Stress Tests, Unemployed over 26 Weeks, Diffusion Index

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Note: earlier Employment post: Employment Report: 216K Jobs Lost, 9.7% 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 ...

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calculatedriskblog.com - 9/8/2009

Comparing BLS Job Losses and DOL Unemployment Claims

— calculatedriskblog.com — A frequent question is how do the 570,000 initial weekly unemployment claims, as reported by the Dept... of Labor (DOL), correspond to the 216,000 in monthly job losses as reported by the Bureau of Labor Statistics (BLS). If about 2.4 million people ... (more) Comparing BLS Job Losses and DOL Unemployment Claims

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Comments vote downundo vote up The Mess That Greenspan Made found this 9/8/2009found this

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calculatedriskblog.com - 9/4/2009

Employment Report: 216K Jobs Lost, 9.7% Unemployment Rate

— calculatedriskblog.com — From the BLS : Nonfarm payroll employment continued to decline in August (-216,000), and the unemployment rate... rose to 9.7 percent, the U.S. Bureau of Labor Statistics reported today. Although job losses continued in many of the major industry sectors ... (more) Employment Report: 216K Jobs Lost, 9.7% Unemployment Rate

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Comments vote downundo vote up Abnormal Returns found this 9/4/2009found this

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hdi.wantedanalytics.com - 9/3/2009

FORECAST: August 2009 — Total Nonfarm Payroll Down 190,000 (Update 2) – WANTED Hiring ...

— hdi.wantedanalytics.com — WANTED Technologies forecasts that Nonfarm Employment Payroll will drop by 190,000 in August. Last month the BLS... reported a decline of 247,000 nonfarm workers. Hiring Demand is steadily improving but not enough to generate gains in employment – there ... (more) FORECAST: August 2009 — Total Nonfarm Payroll Down ...

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Comments vote downundo vote up A Dash of Insight found this 9/3/2009found this

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The purpose of stimulus
Paul Krugman — Just a brief reminder. Industrial production is now rising; so, probably, is real GDP. Given the way the official business cycle dating committee dates recessions, this probably means that the recession — again, as officially defined — is over. But unemployment is still very high and rising. As Calculated Risk points out, long-term unemployment — which is the most destructive in human terms — is at its highest level recorded since the Depression. And the purpose of stimulus is, first and foremost, to mitigate unemployment. The fact that the economy may be technically in ...

The (Sluggish) Employment Report
Economist's View — ... be slowing substantially and we are poised to turn the corner, but that has not happened yet. And while expectations are high, there's no guarantee it will happen anytime soon, particularly if you strip out the effects of the stimulus package.) Here's more: Brad DeLong, Paul Krugman, Spencer, Calculated Risk, Real Time Economics, Andrew Leonard, Credit Writedowns, The Curious Capitalist, The Big Picture, Calculated Risk II.