Post Tagged with: "jobs"
Mosler: The Speech that President Obama Should Make
Warren Mosler has three proposals specifically designed to get sales up to make sure business has a good paying job for anyone willing and able to work. He arguess that’s good for businesses and all the people who work for them and says these proposals are bipartisan. His view is that they are supported by Americans ranging from Tea Party supporters to the Progressive left, and everyone in between
Why Made in China Costs More in China
Chinese goods cost more in China because of currency, taxes, transportation,logistics and inflation. The Chinese get the jobs, while Americans get the consumer products; The Chinese government gets the dollar, but the U.S government gets to spend the dollar! The Chinese like to say: the Americans get a better deal!
Goldman’s Hatzius sees Operation Twist QE3 due to weak jobs number
The jobs numbers in the US were weak. There was no change in non-farm payrolls. Unemployment was unchanged from July at 9.1%. Underemployment was 16.2%. Total revisions to previous months’ data were –58,000, meaning the number today was equivalent to -58K print. The numbers sparked a selloff in stocks and crude oil, but caused the Swiss Franc and Treasuries to rally
Risk sentiment has soured sharply in the run-up to the NFP report
Dollar is mostly firmer against the majors as recent risk rally stalls; US NFP is major focus today. Euro zone jitters pick up after troika suspends Greek talks temporarily; Italy also back in focus. EM sentiment remains poor after Brazil rate cut; other risk assets remain vulnerable too
Workers of the world, good night!
Rick Bookstaber argues that the rise of the super-elite is not a product of educational differences, but rather a result of the new capitalism which creates bigger winners, and does so much more quickly than in the capital-intensive capitalist era. Less capital is needed, it is applied for a shorter period before the results are realized, and because less capital is required, the entrepreneur captures more of the value of the enterprise. The result is an accentuation in the very wealthy
Achuthan: “It’s Too Late” for Obama on Jobs
ECRI’s underlying message is this: we are in a decade-long post-credit crisis struggle which will mean high unemployment even if policy makers focused on jobs, which they have not
Chart of the Day: Youth Employment Ratio Lowest on Record
In July, the employment-population ratio for youth—the proportion of the 16- to 24-year-old civilian noninstitutional population that was employed—was 48.8 percent, a record low for the series
After Jackson Hole Markets Refocus on Jobs
Friday’s shift in sentiment spills over into Asian and European sessions; dollar broadly weaker. This week’s attention shifts back to US and EZ data; Japanese select sixth PM (Noda) in five years. Chinese shares were laggard in EM rally amid changes in the reserve requirement rules by the
Some predictions for the rest of the decade
Markets have been crazy this month, but rather than try to wade through all the news, much of which doesn’t seem to have much informational content, I thought I would duck out altogether and instead make a list of things I expect will happen over the next several years
After Ben, Markets Brace for US Payrolls
The impact of Fed Chairman Bernanke’s testimony – his assessment of the economy and the further accommodation that can be provided to stem economic stresses into next week – will dominate market action into the next week. The G10 currency complex has been highly sensitive to the global risk environment. The potential to break outside recent ranges is down to the policy responses to the crisis together with the continued evolution of the growth figures with elevated volatility levels indicating the markets are preparing for further disruption ahead
Jobs and deficit crisis will lead to double dip and more downgrades
Former Fed nominee and Nobel Laureate Peter Diamond spoke to Bloomberg News about how he sees the economic difficulties the United States faces. His view is that America faces a jobs crisis in the here and now and that deficit reduction is a longer-term problem
Now For Something Completely Different: WPA
This column argues that while Bernanke will want to show that the Fed still has options at its disposal, with various trade-offs associated, perhaps he may want to also underscore the limitations of monetary policy. If current conditions are somewhat like the Great Depression, then we may need to face up to the fact that it ultimately was not monetary policy that ended the crisis but fiscal policy