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Category Archives: employment
New York Employment Datapoint of the Day
From Richard Florida’s Atlantic cover story: Financial positions account for only about 8 percent of the New York area’s jobs, not too far off the national average of 5.5 percent. By contrast, they make up 28 percent of all jobs … Continue reading
Posted in cities, employment
1 Comment
Chart of the Day: Spiking Unemployment
Jake at EconomPic Data has the chart: narrow unemployment is now at 7.6%, while the broader measure of underemployment is a whopping 13.9%. Clearly this kind of spike is scarily extreme, and equally clearly it’s not showing any signs of … Continue reading
Posted in economics, employment
1 Comment
Yet Another Gruesome Employment Report
For most of the past decade, I’ve happily ignored the payroll report on the first Friday of every month. The market often got very excited about it, but the headline payrolls number was generally unreliable and full of more noise … Continue reading
Posted in economics, employment
1 Comment
Viacom Datapoint of the Day
Viacom’s announcing that it’s cutting 850 jobs, or 7% of its workforce, at a cost of between $400 million and $450 million. Which, if you do the math, works out at about half a million dollars per job reduction. You … Continue reading
Posted in employment
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Chart of the Day: U6
Brad DeLong sums up in two words: "Recession city". U6 is a very broad gauge of unemployment, but even so, any unemployment figure which is above 10% and rising has to be very worrisome indeed.
Posted in economics, employment
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Unemployment Passes 6%
I don’t know much about GDP, but this feels like a recession to me. The unemployment rate of 6.1% is up from just 4.9% in the first quarter of this year: that’s one torrid growth rate you don’t want to … Continue reading
Posted in economics, employment
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Another Anonymous Wall Street Blogger is Fired
Another day, another Wall Street analyst gets fired for his anonymous blog, despite taking precautions after the same thing happened to former Citigroup trader Michael McCarthy. The blogger known as "1-2" was never all that anonymous: for starters, he happily … Continue reading
Posted in employment
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