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

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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

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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.

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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

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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

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