Jobs

John Mauldin on the Latest Employment Data

In the latest edition of his excellent weekly newsletter, this one entitled The Glide Path, John Mauldin touvhes on the latest employment numbers and what they actually mean: From Thoughts From The Frontline: The Ugly Unemployment Numbers The headlines said unemployment, as measured by the “establishment survey,” was down by 190,000; and even though that…

Fiddling With Climate Change and Healthcare While Rome Burns

Dear President Obama, I did not vote for you last November as I’m not a “joiner” and faux-grassroots movements make me cringe (remember the Ross Perot scare of the late 80’s?). I doubt you will read this as it most certainly will not make Rahm Emanuel’s list of approved reading materials.  On the off-chance that…

Q3 GDP and Jobless Claims First Look

Two big numbers out this morning, we’ll put up the initial take on both: GDP (from Bloomberg) The U.S. economy grew in the third quarter for the first time in more than a year, propelled by stimulus-driven gains in consumer spending and home building.  The world’s largest economy expanded at a 3.5 percent pace from…

Hot Links: Stock Market MILFs

Hot Links for Weekend Reading… Carney calls ’em out: The Idiot-Maker Rally.  (Clusterstock) The bears are running out of ammunition.  (Morningstar) The 50 best jobs in America, as ranked by Payscale.com.  (CNNMoney) Attention Traders – Here’s the only calendar you need for the coming week:  (UpsideTrader) The way of the stoic, learning not to be…

Top 10 Job Openings for October

Having wiped this week’s excremental non-farm payroll data from our hair and car windshields, I would say it’s time we began to focus on which sectors and industries are actually hiring. In a highly unscientific study, I’ve come up with what I believe to be the Top 10 Job Openings for October 2009: 10.  Virtually…

Stimulus Was Meaningless For Jobs

The good professor has brought back an old chart that Obama’s econ team used to justify the stimulus package earlier this year and annotated it (in red) to illustrate how far the reality deviated from the projections. From Greg Mankiw’s Blog: When the Obama stimulus plan was proposed, the president’s economic team put out a…

The Kids Aren't Alright

Teenage unemployment at 25.5% has worse consequences than just the lack of a minimum wage paycheck for the kids. When I was a teenager, I worked at a local hardware store a few nights a week after high school.  I was a stock boy and then a cashier.  My co-workers were miserable people, stuck in…

Why 10% Of Us Are Unemployed, Exhibit A

Hey Kids, I’m an ardent patriot and as American as apple pie, or the apple-flavored pie they serve at McDonalds.  That said, I came across the below video, not exactly flattering to Americans in general, and thought I’d pass it on.  For my friends who don’t feel like reading the Wall Street Journal, here’s a…