Unemployment
Australia’s unemployment rate is well above any reasonable full employment level – William Mitchell – Modern Monetary Theory – Beragampengetahuan
Central banks around the world tightened interest rates starting late 2021 in some places and there was a systematic period of hikes over the next year or more despite the inflationary pressures mostly showing signs of abatement as a result of factors that were not sensitive to the rising interest rates. In Australia, the RBA […]
Housing Starts, Unemployment Claims, Industrial Production, Philly Fed Mfg – Beragampengetahuan
by Calculated Risk on 5/15/2024 07:01:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, Housing Starts for April. The consensus is for 1.410 million SAAR, up from 1.321 million SAAR in March. • Also at 8:30 AM, The initial weekly unemployment claims report will be […]
Lower British fiscal deficit gives the central government no more or no less capacity to net spend to reduce unemployment – Beragampengetahuan
It’s Wednesday and I am bound for London later today. We will see how that turns out having not travelled there since the beginning of the pandemic. I will take plenty of precautions to avoid Covid. But it will be good to catch up with friends in between several engagements, including my teaching responsibilities at […]
Calculated Risk: Thursday: ADP Employment, Unemployment Claims – Beragampengetahuan
by Calculated Risk on 1/03/2024 08:14:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:15 AM ET, The ADP Employment Report for December. This report is for private payrolls only (no government). The consensus is for 130,000, up from 103,000 jobs added in November. • At 8:30 AM, […]
The Great Unemployment Fudge – Beragampengetahuan
In the U.S., we are told, the post-World War II period was a golden age of full employment. High wartime government spending had brought to an end the double-digit unemployment and misery of the Depression, and as war gave way to peace, unemployment settled at a non-inflationary level of 3-5%. It’s known as the post-war […]
“No new economic data, so let me follow up some more on the issue of longer-term unemployment” – Beragampengetahuan
Consumption leads (longer term) unemployment, too – by New Deal democrat Once again there is no new economic data, so let me follow up some more on the issue of longer term unemployment. Earlier this week I pointed out that just as initial claims lead continuing claims, so does short term unemployment (under 5 weeks) […]
Weaker Rebound on Downbeat US Unemployment – Beragampengetahuan
The XAU/USD remains bearish as long as it stays below the S1 (1,940). The median line (ml) could attract the price. Tomorrow, the US Average Hourly Earnings, Unemployment Rate, and NFP should move the rate. The gold price dropped as low as $1,929 today, registering a fresh weekly low. The sell-off was highly anticipated after […]
A “New Era” of Unemployment is Coming – Beragampengetahuan
Unemployment was supposed to be much higher by now. With the Federal Reserve increasing its rate hikes over 2022 and into 2023, the labor market should have cracked already. But it hasn’t, and many mainstream investors have struggled to determine why. With a higher cost of capital, businesses should be more selective with who they’re […]