nonfarm payrolls | The Daily Capitalist

The Unemployment Charade Or, Ignore The Headlines

While employment rose by 160,000 jobs in July, the overall unemployment rate remained at 8.3%.1 “Hurrah” is not the correct response to these data. (“Hurrah” is the response seen the most in the MSM.) First, the trends:

The payrolls chart (right) reveals a largely flat trend for the past year, which says that job [...]

Unexpected Jobs Data Roils Markets

With today’s weak employment numbers, most economists are looking for reasons to excuse this negative trend rather than trying understand it. They blame it on the warm winter weather, or “same thing as last Spring,” or “consolidation”, anything but what is really happening in the economy. You need to look at employment in the context of [...]