May 2014 Jobs Reports: Good News, Bad News

By: Wednesday June 4, 2014 2:18 pm

Through all these four plus years of job growth to get back to where we were at the start of the Great Recession, we have been falling behind as it takes roughly 90,000 new jobs each month just to keep up with the new people entering the job market each month. If we take it back to the beginning of the Great Recession in December 2007, we are still in the hole on needed jobs by a bit over 7M (6.5 (years) x 12 (months per year) x 90K (jobs per month) = 7,020,000.)

 

Economists Try To Explain Why They Were Wrong on March Jobs Forecasts

By: Saturday April 7, 2012 4:00 pm

Once again, the economic community is scrambling to find the reasons why they were suprised by the March 2012 jobs report. The monthly report from ADP had private sector jobs at 209K increase for March 2012 which apparently led many economists to predict a similar number for the official report from the Bureau of Labor Statistics that was released on Friday.

Dayen’s Roundup from February 12, 2012

By: Monday February 13, 2012 6:15 am

David Dayen, born on 2.12, provides a round up of the news you might have missed from 2.12.12, including stories on the still undefined bank settlement, Komen Foundation, Maine caucus, jobs reports, an alternative to Keystone, Syria, Iran, gas prices, women in combat and much more.

Sorry, but These Numbers Do Not Add Up

By: Friday December 2, 2011 5:25 pm

So, you may have noticed that the November jobs report from the Bureau of Labor Statistics is out today (via CNN): “Hiring accelerated in November, and the unemployment rate unexpectedly plummeted to its lowest rate in nearly three years.”

Grasping at Straws on the Economy

By: Saturday August 6, 2011 6:00 pm

So, I guess it has been a rather eventful week in the world economy and the lives of the Beltway Village Idiots Politicians, Pundits, and Courtiers. I’ll let Paul Krugman and Jane Hamsher do the honors of eviscerating the Standard & Poor downgrade of the US credit rating but do want to add my 2¢ in agreement that supposed neutral arbiters who sold their souls and “independent analysis” for the banksters crappy mortgage based securities should be well advised to STFU rather than interject themselves politically.

The More Things Stay the Same

By: Sunday July 10, 2011 5:20 pm

Instead of being “surprised” by the June (lack of) Jobs Report, it seems the economists were “stunned” by the numbers.

May’s Economic and Jobs News Will Not Be Good

By: Wednesday June 1, 2011 7:15 pm

Author’s Note: Please take a few minutes and Join the Firedoglake Membership Program today. FDL provides the tools that help me and others extend our reach with our rants so we need to support FDL when we can. The economic reports are starting to come out for May and while there are those economists and [...]

The Economy Stays Muddled

By: Saturday May 7, 2011 1:00 pm

Doncha just love the phrase “…softening in the jobs market”? As if the jobs market for the last few years hasn’t already been closely resembling a marshmallow in strength.

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