Category Archives: EMPLOYMENT

FROM DOUBLE DIP TO MUDDLING THROUGH

Posted on September 3, 2010 by Denis Ouellet

Muddling through is my scenario since early July. David Rosenberg has upgraded his double dip scenario, for now… The (employment) data are hardly strong but admittedly are not consistent with the economy contracting this quarter. But the data do not … Continue reading →

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GOOD US AUGUST EMPLOYMENT DATA

Posted on September 3, 2010 by Denis Ouellet

Private household employment jumped 891,000 in August, the biggest increase in 10 years. Over the past 8 months, private household employment has increased 2.3 million jobs, 3.3% annualized. Household employment tends to lead payroll employment which has gained only 763,000 … Continue reading →

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Posted in ***CONSUMER WATCH, ***RECOVERY WATCH, ECONOMY, EMPLOYMENT, US Employment, US economy | Leave a comment

QUICK READS

Posted on September 2, 2010 by Denis Ouellet

Sweden Raises Interest Rates The Riksbank raised its key rate to 0.75% from 0.5% and left its forecast unchanged. U.K. Home Prices Fall Mortgage lender Nationwide Building Society said house prices fell for the second straight month in August but … Continue reading →

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JOB REPORTS POINT TO WEAK US JOB GROWTH IN AUGUST

Posted on September 1, 2010 by Denis Ouellet

(…) Private-sector jobs in the U.S. fell by 10,000 last month, according to a national employment report published by payroll giant Automatic Data Processing Inc. and consultancy Macroeconomic Advisers. (…) The ADP survey tallies only private-sector jobs, while the Bureau … Continue reading →

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THE URGENT NEED TO CUT US COPORATE TAX RATES (II)

Posted on August 31, 2010 by Denis Ouellet

I posted on August 16 (URGENT: CUT THE U.S. CORPORATE TAX RATE) on the urgency for the US to cut the corporate tax rate as a quick and efficient way to re-prime the economy. US corporate tax rates are higher … Continue reading →

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EUROZONE UNEMPLOYMENT RATE UNCHANGED AT 10%

Posted on August 31, 2010 by Denis Ouellet

The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in July 2010, unchanged compared with June.  The EU27 unemployment rate was 9.6% in July 2010, unchanged compared with June. Full Eurostat release

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States See Pickup in Tax Revenue

Posted on August 30, 2010 by Denis Ouellet

(…) Overall tax revenue increased 2.2% in 47 states that have reported their receipts for the three months ended June 30, compared with the same period a year ago, according to a report to be released Monday by the Nelson … Continue reading →

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Posted in ECONOMY, EMPLOYMENT, FISCAL STIM./DEF., TAXES, US Employment, US economy | Tagged | Leave a comment

QUICK READS

Posted on August 28, 2010 by Denis Ouellet

Trichet Cites High Debt as Biggest Threat to Recovery Permanent reductions in government deficits and public spending are needed to reduce borrowing costs and stimulate private demand, the European Bank president said. Borrowing by Euro Zone Companies Falls 1.3% The … Continue reading →

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Posted in CONSUMER, EMPLOYMENT, HOUSING, MANUFACTURING, US Employment, US housing | Leave a comment

Economic Conditions Snapshot, August 2010: McKinsey Global Survey results

Posted on August 18, 2010 by Denis Ouellet

McKinsey & Co. polled 2850 company executives across the world between August  2-6. The global economy More executives are positive than not about their countries’ economic prospects, but expectations at the global level have remained flat over the summer, after … Continue reading →

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EMPIRE STATE MANUFACTURING IMPROVES VERY SLIGHTLY, NEW ORDERS DECLINE

Posted on August 16, 2010 by Denis Ouellet

The Empire State Manufacturing Survey indicates that conditions improved modestly in August for New York manufacturers. The general business conditions index rose 2 points from its July level, to 7.1. The new orders and shipments indexes both dipped below zero … Continue reading →

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Posted in ***RECOVERY WATCH, ECONOMY, EMPLOYMENT, MANUFACTURING, US Employment, US economy | Leave a comment

URGENT: CUT THE U.S. CORPORATE TAX RATE

Posted on August 16, 2010 by Denis Ouellet

CNBC.com sums up the debate: As the battle in Congress continues over Bush-era tax cuts on personal income, a less-noticed debate is brewing over cutting the corporate tax rate, which at 35 percent is the second-highest in the world. The … Continue reading →

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Posted in ANALYSIS, ECONOMY, EMPLOYMENT, TAXES, US Employment, US economy | Leave a comment

BUSINESS CYCLE INDEX SEES NO DOUBLE DIP

Posted on August 14, 2010 by Denis Ouellet

Another model not predicting a double dip. What is the Business Cycle Index? Created by Russell’s Head economist for North America, Mike Dueker, the Business Cycle Index (BCI) forecasts the strength of economic expansion or recession in the coming months, … Continue reading →

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Posted in ***RECOVERY WATCH, ECONOMY, EMPLOYMENT, LEADING ECON. INDIC., US Employment, US economy | Leave a comment