Tag Archives: unemployment

  • Blog

    Mass Layoffs Are Back. Are You At Risk?

    Millions are going to lose their jobs in the coming recession. Will you?
    by Adam Taggart

    Friday, August 30, 2019, 3:35 PM

    47

    Imagine the following scene playing out at work tomorrow: You arrive in the morning to find a note reading ‘HR wants to see you’. About what?, you wonder. Seeing your HR manager already in the conference room with the door closed, you fidget as you wait. A knot begins to form in your stomach that…

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  • Blog
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    The Fuzzy Numbers Behind Initial Job Claims

    Goverment statistics delude us once again
    by Chris Martenson

    Thursday, September 29, 2016, 3:45 PM

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    “Fuzzy Numbers” is one of the most popular video chapters within The Crash Course. It explains many of the ways that government statisticians routinely distort economic truth, making things seem rosier than they are.

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  • Blog
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    If Everything’s Doing So Great, How Come I’m Not?

    Are you better off than you were 10 years ago?
    by charleshughsmith

    Saturday, September 10, 2016, 12:26 AM

    23

    Whether it's struggling to keep up with the rising cost of living, a 0% return on savings, working longer hours while real wages stagnate, scrimping to pay back education loans, despairing at the abuses of power in our banking and political systems, or lamenting the loss of nourishing social interaction in our increasingly isolated and digital lifestyle — most "regular" people find their own personal experiences to be at odds with the rosy "Everything is awesome!" narrative trumpeted by our media.

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  • Blog
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    Automating Ourselves To Unemployment

    How shortsighted policies are creating a long-term crisis
    by Adam Taggart

    Thursday, April 28, 2016, 1:39 AM

    47

    In this current era of central planning, malincentives abound. We raced to frack as fast we could for the quick money, while leaving behind a wake of environmental destruction and creating a supply glut that has killed the economics of shale oil. Our stock exchanges sell unfairly-fast price feeds for great sums to elite Wall Street high-frequency-trading firms, and as a result have destroyed investor trust in our financial markets.  The Federal Reserve keeps interest rates historically low to encourage banks to lend money out, yet instead the banks simply lever up to buy Treasurys thereby pocketing vast amounts of riskless free profit. The list goes on and on.

    One particular malincentive has been catching my attention recently, one that feels especially pernicious because it does not seem easily reversible, if at all. For US employers both large and small, it's becoming increasingly less appealing to employ human labor. 

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  • Blog
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    Demographics – Crash Course Chapter 15

    Age distribution is too lopsided to support entitlements
    by Adam Taggart

    Friday, September 26, 2014, 10:21 PM

    12

    Our national demographic architecture no longer can afford the entitlement system we have. And that's even assuming entitlements were currently sufficiently funded. But as the last chapter showed, the existing programs are underfunded to the tune of $100-200 Trillion. 

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  • Insider
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    The Trouble with Numbers

    Our 'good' data worsens the closer we look
    by Chris Martenson

    Tuesday, June 10, 2014, 4:06 PM

    4

    According to the ever-strident popular press, the world is in recovery. The stock market says so, the bond market says so, and the politicians and monetary bureaucrats all say so.

    The only trouble is the central banks continue to flood the world with liquidity, something they shouldn't need to be doing if a true recovery were really upon us.

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  • Insider
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    Why Demand Will Become Even More Scarce

    Prospects for disinflation in 2014
    by Gregor Macdonald

    Tuesday, April 22, 2014, 5:14 PM

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    Executive Summary

    • Anemic employment & wages growth depresses the odds of near-term interest rate hikes
    • Why energy costs increases are experiencing a lull, keeping inflation lower than many expected
    • The demographic arguments for deflation
    • Why the US is becoming more vulnerable to a repricing of natural gas — vs oil — in the coming decade

    If you have not yet read Part I: When Every Country Wants to Sell, Who Buys?, available free to all readers, please click here to read it first.

    The most recent US jobs report was once again a disappointment, despite the headline number of 192,000 jobs created. Over the past two years, the economy has reliably created about 150,000 jobs per month. This has been just enough to keep up with population growth, but alas, not enough to put the long-term unemployed back to work. The concerning data in the report came in the details of the jobs created: as usual–and this has been a trend for several years now–mostly in the lower wage sectors. A few wrap-up tweets from Dan Alpert of Westwood Capital summed up the facts rather nicely:

    Other notable observations from recent trends in US jobs reports include the fact that job creation in 2013 was no higher than in 2012. Not exactly an encouraging trend for those who would be looking for inflation risk, or strong growth in 2014.

    But perhaps worst of all has been the number of workers leaving the workforce. Part of this can be explained, of course, by demographic retirements. It's no secret that the US has an aging population, and there's a bulge of retiring workers that will admittedly create some gaps in the labor market over the next decade. But the large numbers of workers exiting the workforce is also explained by discouraged workers, and that unemployment benefits for many have started running out.

    What many in the public do not understand, is that workers taking unemployment checks are counted as active seekers of employment. They are added to the composition of the workforce, and when they continue to take unemployment checks but do not find work, they serve to keep the unemployment rate elevated. But when unemployment benefits expire, and workers leave the workforce, the unemployment rate may…

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  • Blog
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    You’ve Got No Job!

    A glimpse into the future of (un)employment
    by Adam Taggart

    Friday, February 7, 2014, 6:45 AM

    60

    Today, the pundits are a-buzz making sense of the latest lackluster jobs report. Expect much hand-wringing over the impact of the 'polar vortex' and that Punxsutawney Phil saw his shadow.

    But most of us care more about the state of one particular job: our own. How relevant is this latest bit of data to that? Not very.

    So, to better understand the trends in the work environment most likely impact our own paychecks, it will help to look at another bellwether similar to our fuzzy groundhog friend: AOL.

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  • Daily Digest
    Image by futureatlas.com, Flickr Creative Commons

    Daily Digest 7/15 – Oil May Determine South Sudan’s Future, UK Charges 2 Brokers In Libor Inquiry

    by DailyDigest

    Monday, July 15, 2013, 4:57 PM

    3
    • Precious Metals Stocks: The Most Undervalued Asset Class
    • China Wealth Eludes Investors as Stocks Earn 1%
    • What Sweden Can Tell Us About Obamacare
    • It’s Amazing to Be a Working Mom in France—Unless You Want a Job
    • Britain Charges 2 Former Brokers in Libor Inquiry
    • Oil May Determine South Sudan's Future
    • Climate change is a bigger threat to the Tour de France than doping

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  • Daily Digest
    Image by EpSos.de, Flickr Creative Commons

    Daily Digest 7/10 – IMF Cuts Growth Forecast For World Economies, Canadians Struggle With Saving

    by saxplayer00o1

    Wednesday, July 10, 2013, 2:21 PM

    5
    • Illinois lawmakers seek more information in hunt for fix to $97 billion pension crisis
    • IMF cuts growth forecast for U.S., world economies
    • Nurses' strike hits Portugal hospitals
    • Seniors find it harder to get home-delivered meals (Florida)
    • Chicago gun violence: 74 people shot, 12 killed over July 4 weekend
    • Job cuts: Mining companies to trim operations by 3,500 (Ghana)
    • Financial Crisis Just a Symptom of Detroit’s Woes
    • Furloughs Have Begun for Nearly 50,000 Full-Time Guardsmen Nationwide, Including Guam
    • Mining services industry forced to adapt to end of coal boom in Queensland's Bowen Basin
    • USDA: One In Six Americans Use Food Stamps
    • Puerto Rico sees surge in homeless population
    • Tuition at 14 Pennsylvania universities to rise 3 percent
    • Eurozone jobless rate worse than OECD average
    • Canadians struggle with retirement saving
    • Italy's rating lowered one notch to BBB: S&P
    • Gold borrowing cost hits post-Lehman high
    • Study: State's pension debt spiked since February (California)

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