Jobs report (BLS, Employment Situation Summary) confirms a relatively weak month in April with total nonfarm payroll employment increasing by 160,000. Also, the labor force participation rate decreased and the employment-population ratio both decreased a bit. Mining employment continued to decline, something that Trump promised to reverse and Clinton noted there might not be much we can do about (the implications might not be minor, see here). Also, while unemployment remains at 5% a broader measures of unemployment remain high. For example, total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force is at 9.7%.
Subscribe to:
Post Comments (Atom)
Argentine crisis on Organized Money Podcast
I was on the Organized Money podcast, hosted by David Dayen and Matthew Stoller, discussing the Argentine crisis, and some of its implicatio...
-
There are Gold Bugs and there are Bitcoin Bugs. They all oppose fiat money (hate the Fed and other monetary authorities) and follow some s...
-
By Sergio Cesaratto (Guest Blogger) “The fact that individual countries no longer have their own currencies and central banks will put n...
-
Janek Wasserman, in the book I commented on just the other day, titled The Marginal Revolutionaries: How Austrian Economists Fought the War...
No comments:
Post a Comment