Archive for the ‘FTE – Full-time equivalent employees’ Category

WSJ: “Rot in the job numbers” … yeah, but a week late.

March 17, 2014

This morning, the WSJ published an editorial titled “The Hidden Rot in the Jobs Numbers ” by Prof. Edward  Lazear, who was chairman of the president’s Council of Economic Advisers from 2006-09, is a professor at Stanford University’s Graduate School of Business and a fellow at the Hoover Institution.

Strong credentials, right?

The punch line: “Hours worked are declining, resulting in the equivalent of a net loss of 100,000 jobs since September.”

No kidding, Prof. Lazear?

Loyal HomaFiles readers are already aware of that … assuming that they read last Monday’s post: Smokin’: Employment growth exceeds expectations … oh, really?

Gotta crow a bit on this one … beat the WSJ by a week.

Here’s what we said last Monday:

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Smokin’: Employment growth exceeds expectations … oh, really?

The headlines are that 175,000 jobs were added in February.

Proof positive that the Obama economy is kicking in.

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Hate to rain on the parade, but ….

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Smokin’: Employment growth exceeds expectations … oh, really?

March 10, 2014

The headlines last Friday were that 175,000 jobs were added in February.

Proof positive that the Obama economy is kicking in.

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Hate to rain on the parade, but ….

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Nums: Cutting to the chase on the jobs numbers …

August 5, 2013

We’ve been frequently posting about the way employment is “down-mixing” from full-time to part-time jobs.

I personally think that the mix change is one of the most important trends in the economy.

Finally, the trend has become so significant that even the mass media has started reporting on it..

Last Friday … the BLS headline was “Total nonfarm payroll employment increased by 162,000 in July, and the unemployment rate edged down to 7.4 percent.”

High fives, right?

Not so fast.

Yep, total private employment went up 114.186 million … an increase of 162,000 jobs  … that’s true.

 

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And, though the job growth was below expectations and below the number usually cited as being required to keep the unemployment rate constant … the increasingly flakey unemployment rate dropped to 7.4%

That’s good news, too … right?

Not so fast.

Here’s the HomaFiles Employment Index … the way to cut to the chase on the employment numbers …

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Nums: THE way to look at the employment numbers …

May 10, 2013

In a  couple of the past week’s posts we’ve been exploring the employment down mixing from full-time to part-time jobs.

I personally think that it is one of the most important – and least reported trends in the economy.

Flashback to last Friday … the BLS headline was that 165,000 jobs were added in April and the unemployment rate dropped to 7.5%

That news flash elicited giddy re-reporting … e.g. Business Insider’s “STOCKS GO WILD AFTER AWESOME JOBS REPORT” … “awesome” and all caps,

Yep, total employment went up 165,000 jobs … that’s true

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But, here’s the rest of the story …

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