Since January, we are supposed to believe that the jobs market is recovering when the official labor force contracts by 168,000 persons? I cannot think of any economic reality where that incongruity can be resolved outside of a central planning paradise. What that means, strictly according to the numbers, is that the civilian non-institutional population rose by just shy of [...]
The Gallup Daily US Employment poll has seen a sharp rise in respondents indicating employment difficulties in the past month or so. The unemployment rate jumped as high as 8.9% on August 20, before settling back down. But it still remains well-above not just the BLS estimations, but levels from earlier in the year and in 2012. The Gallup data [...]
Following up on this morning’s analysis of structural changes in the automobile markets globally, we see the same structural observations in the labor markets. If there does exist a strong relationship between household income and auto demand, and it is pretty clear that one does, what we find in employment trends is unsurprising. The latest jobs report, including revisions to [...]
Stay In Touch