Category Archives: Employment and Unemployment

U.S. Weekly Economic Roundup: What’s The Rush?

The September Federal Open Market Committee (FOMC) meeting is shaping up to be a real cliffhanger. The minutes of July’s meeting didn’t give a clear signal regarding the September move for a rate hike. It is clear, however, that the participants are not in agreement yet. The Fed’s downside risks have increased since their meeting […]

U.S. Weekly Economic Roundup: Still On Track

The first set of data for the third quarter has been more positive than negative. Last week we saw solid employment numbers and business sentiment. This week, the positives continued to outweigh the negatives. Even revisions of key second-quarter data points are now showing that the economy may have in fact expanded at closer to […]

Bob Shiller on Home Prices and Job Growth

These charts are from Bob Shiller. The first scatter gram compares the unemployment rate with the change in home prices in the 12 months through April, 2015.  There is no obvious pattern orrelation between unemployment rates and the change in home prices.  The second scatter gram tells a different story: the faster employment grew over […]

U.S. Economic Forecast: The Terrible Twos

Recent data suggest the U.S. economy has rebounded fairly well from its contraction in the first quarter of the year, giving financial-market participants, as well as American businesses and consumers, reason to be somewhat optimistic. Job gains accelerated after a lull in March, and housing activity strengthened after a deep winter chill. Also, at long […]

U.S. Weekly Economic Roundup: Supporting Our Expectations

Neither the Federal Reserve’s minutes to April’s Federal Open Market Committee meeting nor Chair Janet Yellen’s speech this week gave any clear indication of a time frame for interest rate liftoff. Fed Chair Yellen said an initial rate liftoff this year is “appropriate” if the economy continues to improve as forecast. She expects the subsequent […]

Why millennials and the Depression-era generation are more similar than you think

Both generations grew up amid a major financial crisis, making them less willing to spend and more likely to save. What sets them a part, though, is the burden of student loans. Millennials have a bad rap. We imagine them spending their days updating social media accounts with headsets covering their ears and their parents’ […]

U.S. Weekly Economic Roundup: Speed Bump

The Bureau of Labor Statistics (BLS) reported that just 126,000 payroll jobs were added in March. With the downward revisions of past two months, job gains have now averaged 197,000 per month this quarter (compared with 324,000 the previous quarter). The unemployment rate remained 5.5%, and yearly wage growth continues to stay within 1.8%-2.2%. The […]

U.S. Weekly Economic Roundup: Getting Better Slowly But Surely

The Federal Reserve’s Financial Accounts of the U.S. (previously known as the Flow of Funds report) showed that in fourth-quarter 2014 U.S. households saw the largest increase in their net worth since fourth-quarter 2013. While far from being equally distributed, household net worth is now 26% higher than its 2007 pre-recession peak, mainly due to […]

U.S. Weekly Economic Roundup: High Spirits

American consumers’ spirits are very strong. The University of Michigan Consumer Sentiment Index rose 4.5 points in January to reach 98.1, the highest level since January 2004. Clearly, consumers feel increasingly confident about their economic prospects. This is good news since a more confident consumer is likely to spend more on big-ticket and discretionary items. […]

U.S. Weekly Economic Roundup: Solid As A Rock

The Bureau of Labor Statistics (BLS) reported that October was yet another month of solid job gains. Nonfarm payrolls rose 214,000, and the unemployment rate fell to 5.8% from 5.9% the previous month. Although it was great to see more folks coming back to the labor force and even more getting employed, the missing wage […]


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