Figures for weekly job losses caused by COVID-19 are being inflated by adjustments the government uses in a normal year to smooth out seasonal factors and show broader growth patterns, according to one investment adviser. While Labor Department reports show more than 54 million Americans have filed for first-time unemployment benefits since stay-at-home orders were […]
Record-Setting Job Gains of 4.8 Million in June During Partial Economic Reopening…
Most “experts” had been forecasting around 2.5 million jobs recovered in June; however, payrolls rose by 4.8 million, far exceeding expectations. The Bureau of Labor Statistics report [Available Here] shows job recovery across-the-board, with a major bounce back in the leisure and hospitality sector gaining 2.1 million jobs. The June jobs growth of 4.8 million […]
Almost 46 Million Americans Have Now Filed for Unemployment Claims Since Lockdowns Began…
Despite the hope-restoring nonfarm payrolls “recovery” and the over-hyped bounce in retail sales (ignoring the lack of ‘V’ in industrial production), in the last week 1.508million more Americans filed for unemployment benefits for the first time (notably worse than the 1.29mm expected). That brings the thirteen-week total to 45.7million, dramatically more than at any period […]
Salaries Get Chopped for Many Americans Who Manage to Keep Jobs…
Companies across the U.S. are cutting salaries as they fight to survive the coronavirus, upending a key assumption in modern economics and raising another hurdle to rapid recovery. The hard numbers won’t be in for months, but anecdotal evidence is piling up. On earnings calls, big businesses including The Container Store Group and Lyft have […]
ADP Payroll Release: December Employment Jumps +202,000…
A new ADP Payroll Report shows job gains of 202,000 from November to December 2019 far surpassing expectations. The increase was the largest gain since April ’19: “largest gain since April, driven mainly by professional and business services. Job creation was strong across companies of all sizes, led predominantly by mid-sized companies.” The ADP National […]
ADP Employment Surges in August…
ADP reports that jobs growth rebounded for the second month in a row in August, up 195k (crushing expectations of a 148k rise and above the highest analyst estimate). Bloomberg – “In August we saw a rebound in private-sector employment,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. This is the […]
The Globotics Upheaval: The Globots Coming for the Middle Class…
Job Openings Hit New Record High of 7.1 Million…
The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday showed job openings rose to 7.136 million. Economists had forecast 6.9 million. The prior month was revised up to 7.077 million, the first time this number has ever exceeded 7 million. Until April of 2017, there had never […]
Leveling the Playing Field for American Workers by Wilbur Ross…
Manufacturing is booming again in America. Production lines are rolling, smelters are aglow, and Made in America products are spreading around the globe. On this Manufacturing Day, Americans around the country can celebrate the growing manufacturing revival due to the tireless efforts of President Donald J. Trump and those in his Administration. We are focused […]
Inside The Black Mirror World of Polygraph Job Screenings…
Christopher Talbot thought he would make a great police officer. He was 29 years old, fit, and had a clean background record. Talbot had military experience, including a tour of Iraq as a US Marine, and his commanding officer had written him a glowing recommendation. In 2014, armed with an associate degree in criminal justice, […]
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