Category Archives: US Employment

FROM DOUBLE DIP TO MUDDLING THROUGH

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

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

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

(…) 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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States See Pickup in Tax Revenue

(…) 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

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

EMPIRE STATE MANUFACTURING IMPROVES VERY SLIGHTLY, NEW ORDERS DECLINE

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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URGENT: CUT THE U.S. CORPORATE TAX RATE

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

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

EUROPE VS US: WHAT DO YOU DO IN YOUR SPARE TIME?

Current economic comparisons between the US and Europe mostly hinge on assessments of fiscal policy, monetary policy, and the like. While these are no doubt important issues, there is also another very important dimension to the debate. Specifically, if we … Continue reading

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Posted in ECONOMY, EMPLOYMENT, Europe economy, Europe employment, US Employment, US economy | Tagged | Leave a comment

WHILE I WAS AWAY

I have been away 4 business days but I did not miss much. The news has generally been on the soft side, particularly on the employment front, but Mr. Market is in a good mood these days and sees the … Continue reading

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Posted in ***EARNINGS WATCH, ***RECOVERY WATCH, EARNINGS, ECONOMY, EMPLOYMENT, EQUITIES, US Employment, US equities | Leave a comment

HOW MANY PRIVATE JOBS IN JULY?

This week’s most important economic indicator will undoubtedly be the July employment report, to be released on Friday morning. A stronger than expected private job creation (expectations currently stand at +90K) would help calm fears about the sustainability of U.S. … Continue reading

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