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Posts Tagged ‘ job report ’

21 Straight

By Thinker | October 20th, 2009 | Category: Jeff Thredgold | No Comments »

September employment data was nothing to write home about as the jobless rate rose again and job losses were worse than expected. The employment data adds to views that while the U.S. economy has likely turned the corner toward positive economic growth, the growth pace is not likely to be very impressive.

The U.S. Labor Department reported a net loss of 263,000 jobs during September—worse than the 180,000 loss expected, led by a substantial drop in local government employment. In addition, previously reported losses in July and August were revised to show the addition (or is it subtraction?) of 13,000 more job losses.


Getting Better (OK … Less Bad)

By Thinker | September 3rd, 2009 | Category: Jeff Thredgold | 1 Comment »

The latest U.S. employment report had more elements of good news than perhaps any report in nearly a year, although all is obviously not well with employment. Still, it is nice to talk about more signs of an American economy now very likely transitioning out of the longest and most painful recession in our lifetimes.


Job Erasure

By Thinker | April 20th, 2009 | Category: Jeff Thredgold | No Comments »

One more month…one more exceedingly painful U.S. employment report

We have now had seven consecutive terrible job reports since the American consumer was told “the sky was falling” last September 18 by Federal Reserve Chair Ben Bernanke and then-U.S. Treasury Secretary Paulson. It was on that day that this dynamic duo emotionally and very publicly asked the U.S. Congress for $700,000,000,000 to fix financial markets.

That request, and the up-and-down discussion within the U.S. Congress during the following week, simply scared the American consumer to death. The consumer stopped spending…companies of all sizes adopted a “shoot first, ask questions later” approach to layoffs…and the economy dropped quickly. The rest, as they say, is history.


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