Post Tagged with: "employment"
Employment Faces Grim Decade
The U.S. labor market will not return to full employment (defined as a 5% unemployment rate) by following a “business as usual” course. In conjunction with reforms to the U.S. education system to ensure that the workforce has the needed skills to succeed, progress in other areas must happen
Why is Germany doing so well?
There’s been a lot of talk since America’s dismal employment situation summary was released on Friday about why Germany has done so well during the global economic recovery. Here’s David Leonhardt of the NY Times: The brief story is that, despite its reputation for austerity, Germany has been far more willing than the United States
Earnings, Employment and Inflation
Recent data suggest we are at the point where energy prices are creating demand destruction. Economic growth has slowed to below 2.% in the US. Further, ISM data suggest that companies are at the breaking point in their ability to absorb costs. The lack of a large move upward in employment suggests that companies have relied on wage and labour cost suppression to maintain EPS targets. Unless, we see a reduction in energy prices, we will either see pressure on EPS growth or increased retail price inflation
U.S. Trade Deficits Worth 26 Million Jobs
In January Steven Hansen observed that, through November, the trade deficit for manufactured goods in 2010 was the equivalent of 1.3 million workers earning the median manufacturing wage in the