Unemployment

Meet The Competitors In Italy's Referendum

Whether or not the referendum fails and subsequent early elections are held, the possibility that the Five Star Movement will eventually triumph at the national level cannot be discounted, because more and more Italians have grown weary of traditional political parties after decades of mismanagement and corruption.

"Meanwhile In Europe..." - The Big Day Arrives

Less than a month after the "shocking" election of Donald Trump as US president, the world prepares for another day of political shockwaves, this time out of Europe, when on Sunday all eyes will be on Italy and, to a slightly lesser extent, Austria.

Sarah Palin Slams Trump Carrier Deal As "Crony Capitalism", "Corporate Welfare"

"Politicians picking and choosing recipients of corporate welfare is railed against by fiscal conservatives, for it’s a hallmark of corruption. And socialism. The Obama Administration dealt in it in spades.... When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent."

Multiple Jobholders Hit New All Time High As Part-Time Jobs Soar

A new warning has emerged when looking at the number of Multiple jobholders, or people who are forced to hold more than one job due to insufficient wages or for other reasons: when observed on an actual basis, the number of multiple jobholders just rose to 8.107 million, a new record high print for the 21st century.

VIX Flash-Crashes On Payrolls Print, Stocks Sink

Unraveling the payrolls data details was irrelevant for the algos, a plunge in the unemployment rate appears to have been the trigger for an instantaneous fat-finger VIX slam, which managed to spark a brief upward momentum in stocks, but that did not last...

Payrolls Rise 178K As Unemployment Rate Tumbles To 4.6% But Average Hourly Earnings Worst Since 2014

While the headline November payrolls print came in almost on top of expectations at 178K, vs consensus of 180K there were two big surprises in today's report, one being the unemployment rate which plunged from 4.9% to 4.6%, well below the 4.9% expected, but the biggest negative surprise was that the Average hourly earnings in November dropped by 0.1%, far below last month's 0.4% rise, and below the 0.2% expected

Payrolls Preview: Unemployment Rate Expected To Drop (But Blame The Weather & Calendar If Not)

A series of stronger than expected data in recent days pushed Goldman Sachs to up their payrolls growth expectation to 200k (above the 180k expectations), but they note that while the unemployment rate is likely to drop (to 4.8%), average hourly earnings may disappoint. Of course, they add, any non-narrative-confirming misses on the data can likely be explained away by "weather effects and residual seasonality."

The Last Ride Of The Unemployment Rate

After eight years of trying to see recovery where there was none, the constant spin of sunshine will very likely disappear on January 20. It is ironic in one sense since it is this very disparity between mainstream “reporting” and actual economic conditions that contributed to the Trump victory in the first place.