Archive for the ‘Jobs’ Category

So, you’re giving the SOTU…

January 11th, 2016

Which economic backdrop would you prefer? This one, from the last jobs report before President Obama’s first SOTU in Jan 2010? Or this one, from the last jobs report before President Obama’s SOTU tomorrow night? That’s of them there rhetorical questions…

3-2-1: Liftoff! Nothing in today’s solid jobs report to stop the Fed

December 4th, 2015

Payrolls were up 211,000 last month and the unemployment rate held steady at 5%, giving the Federal Reserve little reason to rethink their chartered course to commence interest-rate liftoff later this month. The prior two month’s job gains were revised up 35,000, with October’s gains now registered at 298,000, the strongest month so far this… Read more

What is the “natural rate” for u6?

November 23rd, 2015

Not the sexiest title, I grant you, but important stuff, nevertheless. Those of us interested in just how close we are to full employment like to track the more comprehensive “u6” rate, aka, “underemployment.” It includes all the unemployed, but also the millions of involuntary part-timers (IPT)—who are, quite literally, underemployed—plus a small subset of those… Read more