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Data released today reveal a United States economy that remains unsettled. Mass Layoffs The Bureau of Labor Statistics’ report shows a 2 percent uptick in January seasonally-adjusted mass layoffs from December. The jump in mass layoff initial claimants for unemployment insurance was even larger at 19 percent over December. Gross Job Gains This report, . . . → Read More: Today’s Data Releases The January United States jobs report contains mixed results that, to us, provide hints of a recovery to come. More on the recovery later. The bad news from the jobs report first: long term unemployed persons, (those who have been unemployed for 27 weeks or longer), climbed by about 500,000 to just under 6.5 . . . → Read More: The January United States Jobs Report The Oregon Employment Department’s Labor Market Information System released December 2009 jobs and employment data for Oregon’s counties today. In most respects, Central Oregon’s labor market is not significantly changed from November, and very close to our forecast. The Bend MSA (Deschutes County) seasonally-adjusted unemployment rate fell from 14.2 percent in November to 14 . . . → Read More: Central Oregon’s December Jobs Report Today’s Oregon jobs report for December shows mixed results in the State’s job market. The OES’s Labor Market Information System provided the December estimates for the state this morning and will provide them for Oregon’s counties on Friday morning. The State’s Year-over-year job losses are improving a bit, from a loss of about five . . . → Read More: Oregon’s December Jobs Report The United States employment situation improved substantially in November. The unemployment rate fell a bit and quarter-on-quarter job losses slowed dramatically, almost to zero. This welcome news has been greeted with rises in equities and a fall in Treasury bonds. I have attached four charts below. Are we out of the woods? No. Is . . . → Read More: Today’s Jobs Report, Feedbacks, and Foreclosures |
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