|
|
I have been saying this for awhile but now hard data confirms it. Unemployment is more likely 15-20% or higher. Jobs are out there but are harder to find and often times looking in the classified ads you will see the same 20-30 jobs being posted over and over month in and month out.
Full Article: http://www.shtfplan.com/headline-news/88-million-thats-one-in-three-americans-are-invisible-to-government-employment-statistics_04132012
[Less than 50% post, rest at link above and data source link at the end of [...]
David Kotok, Cumberland Advisors
Markets reacted to this crazy week of discredited, ADP-based employment forecasts, LIBOR revelations and central bank fizzle. The result is plain ugly.
In Europe, post-ECB, credit spreads widened. Good-guy yields declined; bad-guy yields rose. See our updated EU contagion series at www.cumber.com. Note how Swiss yields are negative until the 5-year maturity (which is a whopping 7 basis points). For new readers, see our archives on why the Swiss 10-year [...]
(CNSNews.com) – The number of American women who are unemployed was 766,000 individuals greater in May 2012 than in January 2009, when President Barack Obama took office, according to data released today by the Bureau of Labor Statistics.
In January 2009, there were approximately 5,005,000 unemployed women in the United States,according to BLS. In May 2012, there were 5,771,000.
The BLS derives its employment statistics from an overall number it calls the [...]
by Calculated Risk
The Depression led to an effort to enhance and expand data collection on employment and I was hoping the housing bubble and bust would lead to a similar effort to collect better housing related data. From the BLS history:
[T]he growing crisis [the Depression], spurred action on improving employment statistics. In July [1930], Congress enacted a bill sponsored by Senator Wagner directing the Bureau to “collect, collate, report, and publish at [...]
While February’s unemployment data had both the markets and market pundits singing the economic recovery song, other employment statistics show that joblessness in America is not a thing of the past, in fact, these statistics show that long-term joblessness has reached levels not seen either during a recession or during the post-recession recovery since the 1940s.
Here is a six-decade long graph from the St. Louis Federal Reserve Bank (FRED) showing where the problem lies:
Here is [...]
by ZH
The two below videos pretty much sum up what I have to say so I will not add too much here other than the following couple of points. Number one, please note that while the first video is new, the second video below is a couple of years old and the contest giveaway promotion is no longer valid.
Secondly, for the minority of people out there that will continue to [...]
On Friday, the entire financial world celebrated when it was announced that the unemployment rate in the United States had fallen to 8.3 percent. That is the lowest it has been since February 2009, and it came as an unexpected surprise for financial markets that are hungry for some good news. According to the Bureau of Labor Statistics, nonfarm payrolls jumped by 243,000 during the month of January. You can [...]
by Calculated Risk
Today the BLS will release the January Employment Situation Summary at 8:30 AM ET. Bloomberg is showing the consensus is for an increase of 135,000 payroll jobs in January, and for the unemployment rate to remain unchanged at 8.5%.
Here are a few revisions and issues to look for:
• Establishment Data: “With the release of January 2012 data on February 3, 2012, the Current Employment Statistics (CES) survey will introduce revisions to nonfarm payroll employment, [...]
Occupation
Â……….Â……….Â……….Â……….Â……….Â……AnnuÂal mean wage……Â…# of employees
• Preschool Teachers: ……….Â……….Â……….Â……….Â………$Â23,460….Â……….Â…….10,Â550
• KindergartÂen Teachers: ……….Â……….Â……….Â……….Â…..$45,2Â20……..Â……….Â…..3,470
• Elementary School Teachers: ……….Â……….Â……….Â……$51,Â240…….Â……….Â….27,940
• Middle School Teachers: ……….Â……….Â……….Â……….Â…$50,950Â……….Â……….Â.12,470
• Vocational Teachers (middle school): ……….Â……….Â…..$54,7Â20……..Â……….Â……..24Â0
• Secondary School Teachers: ……….Â……….Â……….Â…….$49Â,400……Â……….Â…..18,42Â0
• Vocational Education Teachers (secondary school): ….$48,08Â0………Â……….Â….1,520
• Special Education Teachers (elementarÂy) ……….Â………$Â50,460….Â……….Â………3Â,310
• Special Education Teachers (middle) ……….Â……….Â…..$50,1Â50……..Â……….Â……1,95Â0
• Special Education Teachers (secondaryÂ) ……….Â……….Â$53,430…Â……….Â……….Â2,310
• Librarians ……….Â……….Â……….Â……….Â……….Â……….Â….$50,93Â0………Â……….Â…..3,320
• Fire Fighters: ……….Â……….Â……….Â……….Â……….Â………$Â33,260….Â……….Â……….Â8,920
• CorrectionÂal Officers: ……….Â……….Â……….Â……….Â……..$4Â3,680…..Â……….Â………7Â,340
• Detectives and Criminal InvestigatÂors ……….Â……….Â…..$65,5Â40……..Â……….Â……1,52Â0
• Police and Sheriff’s Patrol Officers ……….Â……….Â………$Â52,120….Â……….Â……..12Â,240
http://wwwÂ.epi.org/pÂage/-/old/Âpolicy/EPIÂ_PolicyMemÂorandum_17Â3.pdf
|
It only takes a few moments to share an article, but the person on the other end that reads it might have their life changed forever
Contact Information:
Submit: articles [ at ] investmentwatchblog.com
Advertising: ads [ at ] investmentwatchblog.com
General: admin [ at ] investmentwatchblog.com
|
