3 Critical Unemployment Charts – November 2010

As I have commented previously, as in the October 6, 2009 post, in my opinion the official methodologies used to measure the various job loss and unemployment statistics do not provide an accurate depiction. However, even if one chooses to look at the official statistics, the following charts provide an interesting (and disconcerting) long-term perspective … Read more 3 Critical Unemployment Charts – November 2010

Employment-Population Ratio – Chart And Comments

Yesterday, The Wall Street Journal had an Op-ed titled “Unemployment: What Would Reagan Do?” I found the article interesting as it provides a good explanation of the Civilian Employment-Population Ratio and its history.  An excerpt: “Since America has about 238 million noninstitutionalized civilian adults of working age, this decrease means that we have nearly 12 … Read more Employment-Population Ratio – Chart And Comments

3 Critical Unemployment Charts – August 2010

As I have commented previously, as in the October 30 post, in my opinion the official methodologies used to measure the various job loss and unemployment statistics do not provide an accurate depiction. However, even if one chooses to look at the official statistics, the following charts provide an interesting (and disconcerting) long-term perspective of … Read more 3 Critical Unemployment Charts – August 2010

The Loss Of Manufacturing In The United States

The following excerpt is from the Global Economics section of Bloomberg BusinessWeek, May 10-May 16 2010: “Industrial America’s plight can be encapsulated in a few incredible numbers.  According to the Bureau of Labor Statistics, U.S. employment in manufacturing over the past six months has been the lowest since March 1941, before the U.S. entered World … Read more The Loss Of Manufacturing In The United States

Three Unemployment Charts

This post provides updated charts to the “Three Unemployment Charts” post of January 12. As I have commented previously, most notably in an October 6 post, in my opinion the official methodologies used to measure the various job loss and unemployment statistics do not provide an accurate depiction.  However, I believe that the following charts … Read more Three Unemployment Charts

Comments On The HIRE Act

On Thursday President Obama signed the HIRE Act, a jobs stimulus.  The summary of the signing can be found here. There is also a transcript of his remarks found here. I could make many comments about this jobs stimulus.  However, as an intervention measure, it has many of the same characteristics of other interventions.  As … Read more Comments On The HIRE Act

Historical Perspective – Employment And Output

Here are two charts from the Minneapolis Fed site: http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/index.cfm They show, from a historical context, how declines in employment and output during this period of economic weakness (which FRB Minneapolis refers to as a recession) compare to those of previous recessions. First, the employment chart.  Here are two notes regarding this chart: 1. Employment … Read more Historical Perspective – Employment And Output

The State of the Union Address – A Few Comments

I found plenty of noteworthy comments in last night’s State of the Union Address.   Here is the link to the transcript: http://www.whitehouse.gov/the-press-office/remarks-president-state-union-address Here are a couple of my thoughts: First, many stimulus initiatives were mentioned.  Some of these were new ideas.  That stimulus ideas are proliferating should not be a surprise, as many in … Read more The State of the Union Address – A Few Comments

Three Unemployment Charts

Occasionally, I have posted charts concerning unemployment.  With Friday’s unemployment release, here are three charts that I find noteworthy: First, from the St. Louis Fed site, the Median Duration of Unemployment.  Second, from the CalculatedRisk blog of 1/8/10, Unemployed Over 26 Weeks: http://www.calculatedriskblog.com/ Third, again from the CalculatedRisk blog of 1/8/10 – I like this chart … Read more Three Unemployment Charts