Every month, the Bureau of Labor Statistics (BLS) releases information regarding the number of jobs created and the unemployment situation in the U.S. economy. This report is also called the non-farm payrolls reading, since it does not include farm-related employment. It is usually released on the first Friday of each month.
The job numbers make up one of the most important data sets in trying to understand the strength or weakness of an economy. If the job numbers are improving, this means more people are being employed and the economy is gaining strength. If the job numbers are weakening, or there are outright job losses, this is an extremely troubling sign for the economy.
Since the financial crisis, job numbers in the U.S. economy have been mediocre and some troubling trends have been forming—such as a rise in part-time work, job creation in low-wage sectors, limited work that pays well, an increase in discouraged workers, and a significant number of Americans not partaking in the labor force. If the job numbers remain this dismal, they could have a significant impact on consumption—and essentially the overall U.S. economy.
There are issues brewing in the stock market with interest rates fears and the strengthening greenback that could drive the S&P 500 lower by five percent or more.When Will the Fed Increase Interest Rates?First, we have the fears surrounding rising interest rates after the strong improvement in the unemployment rate to a pre-recession. Read More
Today, the U.S. Bureau of Labor released the November job numbers report…and what a report it was!A total of 146,000 jobs were created in November and the “official” unemployment rate in the U.S. economy decreased to 7.7% from 7.9% in October (I’m sure politicians will have a heyday with this news—telling Americans they are. Read More
When the financial crisis hit, U.S. government bailouts became available to many big corporations. Back then, president Obama claimed that the 500 million shares that taxpayers were investing in General Motors Company (NYSE/GM) at $33.00 a share were an investment in the future of the U.S. economy.That is the problem with governments.. Read More
For June, the U.S. created 80,000 new jobs, well below economists’ forecasts of 100,000. The unemployment rate remained steady at 8.2%. (Source: U.S. Bureau of Labor Statistics, July 6, 2012.)When looking within the U.S. job numbers for June, of the 80,000 new jobs created, 25,000 were in temporary work and 9,000 were in wholesale. Read More
I have been arguing in these pages for months now that the continued contraction among states and municipalities in the U.S. would keep the unemployment rate high in this country.The U.S. Bureau of Labor Statistics estimates that the government sector—that is municipal, state and federal governments—has cut 586,000 jobs since. Read More