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Structural Unemployment and the Sacrifice of Human Professions
The Luddites weren’t crazy Since the beginning of the industrial age there has been concern over the hidden dangers of machines. Now, not everyone had a keen mental picture of the Terminator coming to...
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Jobless Claims Are Dropping, But How Strong Is Hiring?
“When you look at the labor market, job destruction has been very, very low,” Raymond James chief economist Scott Brown told Bloomberg Businessweek ahead of Thursday’s jobless claims report. That is...
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Decreasing Jobless Claims: Good News or Just Not Bad News?
Source: Thinkstock Continuing a well-established trend, fewer Americans filed applications for unemployment benefits last week, according to the Thursday report compiled by the Department of Labor....
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Here’s Why the Labor Market’s Baby Steps Made Investors Cheer
In many ways, the Department of Labor’s June Employment Situation Report was proof that the underlying trends in the U.S. labor market are strengthening. It is an indisputable fact that the 288,000...
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Are Falling Jobless Claims a Sign June’s Hiring Flurry Wasn’t a Fluke?
Jobless claims – which serve as a proxy for layoffs — are once again trending near a seven-year low. Before the Great Recession, weekly applications for unemployment benefits averaged approximately...
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Labor Market Flashback: How Did Jobless Claims Drop to 2006 Levels?
(Photo by Alex Wong/Getty Images) How Is the Labor Market Strengthening? The Department of Labor’s June Employment Situation Report showed the headline unemployment rate had fallen to 6.1 percent — a...
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Yellen Has Labor Market Blues, But Full Employment Is as Close as 2016
Alex Wong/Getty Images What Does the Second-Quarter’s 4 Percent GDP Growth Mean for Jobs? In the second-quarter, the United States economy grew at an annual pace of 4 percent — a welcomed improvement...
View ArticleYour Cheat Sheet to This Week in the Economy: Jobs, GDP, and More
It was a crazy week for the U.S. economy, to put it lightly. More than a dozen major economic indicators were reported, and while the data were largely positive there were a few red flags. In a...
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U.S. Economy: Are Falling Jobless Claims Evidence of Future Strength?
Source: Mark Wilson/Getty Images Initial applications for unemployment benefits remain near pre-recession lows, and that fact signals to economists that the U.S. economy is primed to gain momentum in...
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Jobless Claims: Despite Increase, Labor Market Is ‘Having Lift-Off’
Source: Thinkstock Why Is Last Week’s Increase in Jobless Claims Not Concerning? The Department of Labor’s Thursday jobless claims report broke the downward trend in emerging unemployment, which over...
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