Posts Tagged ‘nonfarm payrolls’

A decade of no new jobs – charts and thoughts

Jobs, settling, or sitting home

I was parking my car the other day and briefly chatted with a well-dressed and articulate older gentleman, the parking attendant. After not agreeing to my proposed having-to-wait-in-the cold discount – never hurts to ask – he asked me if I worked in the building and I said no, but I had before, over a year ago. Then he told me he was working there because even though he had two higher degrees, there was no work in our city.

He used to run a successful photography business, but beginning around a year ago, more and more of his clients were cancelling engagements, having found friends to take pictures for free.  This they might regret someday, when reminiscing through their photo albums, but that was of no help to him now.  Work at the parking garage was all he could find, nine dollars an hour; and by the way, his friend in construction hadn’t worked in months, besides the one-time deal on New Years. Many people he knows are "just sitting home" he told me. That’s how it is. 

How does this vicious cycle end? With so many people out of work, demand for things and services (like photography for special events) cannot increase in any substantial way, but until demand increases, lots of people will be out of work. Unless the government gives them jobs, perhaps, counting things.

Here’s more on the topic, some thoughts and charts from John Mauldin, a depressing decade-by-decade chart from Prieur du Plessis  and some thoughts by Zero Hedge’s Tyler Durden. – Ilene

2010 Forecast: A Year of Uncertainty

Courtesy of John Mauldin’s Thoughts from the Frontline

A challenged consumer confidence survey is not surprising, given the fact that roughly 8% of the working population is getting some form of unemployment assistance. One in eight children in this country is living on food stamps. By the way, the total number of people on unemployment is about 300,000 worse than most media accounts report. The Extended (and Emergency) unemployment claims for those out of work more than 26 weeks are not seasonally adjusted. To get the total number of people on unemployment insurance of all kinds, you have to add the non-seasonally adjusted number of continuing claims, which is currently about 300,000 higher than the seasonal adjustment. Here is a chart from Philippa,


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Zero Hedge

Atlanta Mayor Set To Reimpose Lockdown As Cases Surge, Defying Gov Kemp, Trump: Live Updates

Courtesy of ZeroHedge View original post here.

Summary:

  • Atlanta reportedly returning to lockdown mode
  • Texas sees another near-record day for new cases, hospitalizations
  • Georgia reopens convention center in Atlanta to treat COVID patients
  • US sees 799 new deaths, lower than yesterday
  • Phoenix mayor says hospital running out of morgue space
  • California positivity rate ticks higher
  • New Jersey rate of spread
  • Trump says Fauci "A nice man", but "he's made a lot of mistakes"
  • Dr. Fauci says 'divis...


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ValueWalk

Coronavirus stimulus checks: Wait could be over, suggests Mnuchin

By Aman Jain. Originally published at ValueWalk.

We have already seen President Donald Trump, as well as Senate Majority leader Mitch McConnell talking in favor of another round of stimulus checks this week. Now, on Thursday, Treasury Secretary Steven Mnuchin suggested a second round of coronavirus stimulus checks could be part of the next stimulus package.

Q2 2020 hedge fund letters, conferences and more

Mnuchin backs second coronavirus stimulus checks

In an interview to CNBC, Mnuchin said the Trump administ...



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Phil's Favorites

Actually, Mr Trump, it's stronger environmental regulation that makes economic winners

 

Actually, Mr Trump, it's stronger environmental regulation that makes economic winners

Courtesy of Ou Yang, University of Melbourne

Donald Trump has ordered US federal agencies to bypass environmental protection laws and fast-track pipeline, highway and other infrastructure projects. Signing the executive order last month, the US president declared regulatory delays would hinder “our economic recovery from the national emergency”.

Trump withdrew the US from the Paris Agreement for international climate action in 2017 for the same reason. The accord, ...



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Biotech/COVID-19

Coronavirus's painful side effect is deep budget cuts for state and local government services

 

Coronavirus's painful side effect is deep budget cuts for state and local government services

Washington state cut both merit raises and instituted furloughs as it faced a projected $8.8 billion budget deficit because of the coronavirus. Wolfgang Kaehler/LightRocket via Getty Images

Courtesy of Carla Flink, American University

Nationwide, state and local government leaders are warning of major budget cuts as a result of the pandemic. One state – ...



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Kimble Charting Solutions

Red Hot China Attempting Key Breakout, Says Joe Friday

Courtesy of Chris Kimble

China ETF (FXI) has been “Red Hot” of late? Is it about to run out of steam or will it remain on fire going forward?

This chart of FXI comes from Investors Business Daily and Marketsmith.com. It reflects that FXI is above key long-term moving averages and its RS ratings is moving sharply higher of late.

Line (1) has been support and resistance several times over the past 3-years. The rally of late has FXI ...



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The Technical Traders

Retail Traders & Investors Squeezed to Buy High-Risk Assets Again

Courtesy of Technical Traders

Yes, we certainly live in interesting times.  This, the last segment of our multi-part article on the current Q2 and Q3 2020 US and global economic expectations, as well as current data points, referencing very real ongoing concerns, we urge you to continue using common sense to help protect your assets and families from what we believe will be a very volatile end to 2020.  If you missed the first two segments of this research article, please take a moment to review them before continuing.

On May 24th, 2020, we published this ...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Saturday, 14 March 2020, 05:51:16 PM

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Comment: Crash in perspective - its Bad, and not over!



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Comment: The Blood Bath Has Begun youtu.be/bmC8k1qmM0s



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Lee's Free Thinking

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

 

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

Courtesy of  

The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have been consistently improving. And that trend could also reverse as those states fully reopen.

The problem in the US seems to be widespread public resistance to recommended practices of social distancing and mask wearing. In countries where these practices have been practi...



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Digital Currencies

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

 

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

App-etising? LDprod

Courtesy of Michael Rogerson, University of Bath and Glenn Parry, University of Surrey

Food supply chains were vulnerable long before the coronavirus pandemic. Recent scandals have ranged from modern slavery ...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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