Tag Archive for: labor market

CRACK!! That Was The Sound of The Labor Market Breaking! This Is A VERY BIG DEAL!

There is simply no way the Bureau of Labor Statistics can show rosy jobs data forever. Unemployment climbed to 3.9% from 3.8% and the number of job creations came in below expectations. Some media sources and the current administration are trying to spin the sheer number of job creations as a huge positive, but the market knows otherwise and rates fell sharply.Read More

A.I. Will Create Far More Jobs Than It Kills

I had a friend in high school who worked for Sentry Insurance as a typist for what would be about $40 per hour today – and man was I jealous. The law firms and investment banks I worked at in the 1980s also had “typist pools” for the old guys (we youngsters were utterly perplexed by the inefficiency ofRead More

Dollar Is UP; Home Values UP AGAIN; Ignore Labor Markets

I wrote a blog last week explaining why the dollar will NOT collapse, despite the claims of Glenn Beck, Tucker Carlson, Peter Schiff, and others, that we face imminent dollar Armageddon. And – sure enough, the dollar has climbed in value since I posted that blog (that, interestingly, has gone somewhat viral). Dollar hawks like Brent Johnson have been making fun of the dollar doomsday crowd all morning on Twitter, amusingly.Read More