The value of the U.S. dollar is anchored in trust. As a fiat currency, the U.S. dollar isn’t linked to any physical reserves, like gold or silver; it’s just paper. For the U.S. dollar to be worth anything, it has to be backed by an economy people have faith in. Otherwise, the U.S. dollar would collapse.
Regardless of its intentions, the Federal Reserve’s quantitative easing (QE) experiment has left .
Youth unemployment hit a 33-year high in June, according to the latest data from the Italian national statistics office, signaling the troubled country and the wider eurozone area could be on the verge of economic collapse.
It’s the disappointing unemployment rate that indicates the economic collapse would be imminent. Many economists had expected that the unemployment rate would fall to 12.3%. But it turns out that .
The U.S. jobs report for June looks good. Or does it? On July 2nd, the Bureau of Labor Statistics released its job market report for the month of June. With 221,000 jobs added and the unemployment rate as low as 5.3%, there seemed to be steady growth in the U.S. economy.
However, if you dig deeper, you’ll see that the situation is a lot more worrisome than the headline numbers .
Investors cheered on another strong U.S. jobs report. But beneath the surface, cracks in America’s economic recovery are beginning to appear.
At first glance, the report appeared to be strong. Non-farm payrolls increased by 223,000 in June. The unemployment rate declined to 5.3%, the lowest rate in more than seven years. (Source: Bureau of Labor Statistics, July 2, 2015.)
But for analysts willing to dig beneath the headline numbers, this .
Last Friday, the U.S. Bureau of Labor Statistics reported that in the month of May, 280,000 jobs were added to the U.S. economy. The unemployment rate was unchanged and stood at 5.5%. (Source: Bureau of Labor Statistics, June 5, 2015.)
If you just look at the current unemployment rate, it’s a massive improvement from the 10% unemployment rate seen in the midst of the Great Recession. But here’s what the .
Today, the U.S. Bureau of Labor Statistics reported that the number of job openings rose to 5.4 million on the last business day of April, the highest since the series began in December 2000. (Source: U.S Department of Labor, June 9, 2015.)
April’s numbers were up from five million job openings in March. The job openings rate for April was 3.7%, which was an increase for total private jobs and .
On Friday, June 5, 2015, the U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment increased by 280,000 in May, and the unemployment rate rose to 5.5% from 5.4% in April. (Source: Bureau of Labor Statistics, June 5, 2015.)
Job gains took place in professional and business services, leisure and hospitality, and healthcare; while mining employment continued to decline.
The change in total nonfarm payroll employment for March .
According to David Doyle, an analyst at Macquarie Capital Markets, the U.S. economy could reach full employment within a year. My question is: is this all we need in order to say the U.S. labor market is strong? (Source: Bloomberg, May 14, 2015.)
U.S. Economy: How Full Employment Is Possible
Doyle’s method first estimates the number of unemployed workers and those that will join the workforce. This number .
On Friday, May 8, 2015, the Bureau of Labor Statistics (BLS) released its employment report for April of this year. Total nonfarm employment saw a 223,000 increase, while the unemployment rate showed little change at 5.4%. (Source: Bureau of Labor Statistics, May 8, 2015.)
April Employment Report: Rosy Revelations
After the disappointing growth last month, April’s nonfarm payroll employment rose by 223,000. The main sectors that contributed to this increase .
In early April, the Bureau of Labor Statistics (BLS) reported a 126,000 increase in nonfarm jobs and an unemployment rate of 5.5%. Does this mean the U.S. economy is improving? (Source: Bureau of Labor Statistics, April 3, 2015.)
The unemployment rate has certainly improved from its 10% standing in September 2009. Because of the currently low-declining unemployment rate, many analysts are saying the U.S. economy is on stable footing with .
Immediate term outlook:
The bear market rally in stocks that started in March 2009, extended because of unprecedented central bank money printing, is coming to an end. Gold bullion is up $1,000 an ounce since we first recommended it in 2002 and we are still bullish on the physical metal.
Short-to-medium term outlook:
World economies are entering their slowest growth period since 2009. The Chinese economy grew last year at its slowest pace in 24 years. Japan is in recession. The eurozone is in depression. With almost half the S&P 500 companies deriving revenue outside the U.S., slower world economic growth will negatively impact revenue and earnings growth of American companies. Domestically, America’s gross domestic product grew by only a meager 2.3% in the second quarter, which will negatively impact an already overpriced equity market.
Estimates Aug. 28, 2015
Trailing 12-month EPS for Dow Jones companies (Most Recent Quarter)