Payrolls grew by 209,000 last month and the unemployment rate ticked up to 6.2% according to today’s report from the Bureau of Labor Statistics. The payroll gain was below expectations of around 235,000, and well below June’s upwardly revised gain of 298,000. However, while the payroll number is somewhat disappointing, given the jumpiness of monthly… Read more
It was my privilege to visit the White House today to attend the signing of the new Executive Order to ensure that federal contracts don’t go to firms that violate labor laws. As I wrote earlier, it’s a good idea for a number of reasons: First, the federal government does a lot of business with private… Read more
Here’s the expectations table from Bloomberg: Source: Bloomberg Jobs-watcher extraordinaire Heidi Shierholz asks this of tomorrow’s report: …have we really kicked it into higher gear? A jobs number north of 270,000 would be a pretty clear sign that the answer is yes—but anything much less than that would push us back to “we have to wait… Read more
Over at PostEverything. It’s a smart policy that should help improve job quality for millions of private sector workers employed under federal contracts. And he doesn’t need Congress to do it!
Fed porn. That’s what a guy I know who covers the Fed calls minutiae of the type I’m about to share with you. So be forewarned, but tracking the entrails of statements by the central bank is an occupational requirement. It’s also made a whole lot easier by the Wall St. Journal’s Fed tracker, which allows… Read more