Given the avalanche of data we all have to contend with every day, there is comfort in averages and indices, mean observations and consensus. At the same time, there is much to learn from looking at datapoints located far outside our comfort zone.
Another month, another record as the number of job openings in April jumped by 65,000, from 6.633 million to a record 6.698 million, the highest number of vacant jobs on record.
Amid mass resignations and petitions, Google is "not following through" on Project Maven - its controversial contract with the Pentagon that would make use of AI to speed up analysis of video images enabling improved targeting of drone strikes...
After years of monthly payroll reports padded with excessive minimum wage waiter, bartender, educator or retail worker jobs, the just released May jobs report showed surprising strength in most components.
The number of US full-time jobs rose from 127.753 million to 128.657 million, a 904K increase in one month, offset by a 625 plunge in low-quality, part-time jobs. This was the biggest jump in full-time jobs on record.
After two consecutive and not immaterial misses, and 6 misses in the past 8 months, it's about time for a solid payrolls "beat", even if nobody cares anymore about the number of part-time waiter and bartender jobs created
"Some local employers have begun relaxing drug-testing standards and reducing restrictions on hiring convicted felons in order to alleviate labor shortages."
The 3 question quiz was given to more than 14,000 people in 15 countries this year. The results, including revealing that 20% of Chinese citizens believe they will retire in the company of a robot companion, were alarming.
