- Chart of the Day: The Truth Behind the Hiring Surge
- The Earnings and Events to Watch the Week of July 31
- There Are 209,000 Things Wrong with the June Jobs Report - and That's Just for Starters
- If You Have One of These 5 Jobs, You Need to See This
- Here's Why the Minimum Wage Debate Is Completely Irrelevant
- How Japan Will Create "Hundreds of Thousands" of American Jobs
- American Jobs Aren't Going to Mexico - They Are Disappearing Entirely
- Kraft Heinz Plant Closures Add to Growing 2015 Layoffs
- Jobs Report Turns Tables on Traditional Retail Havens
- With 40% of Americans One Bill Away from Financial Disaster, What's Next?
- Gallup CEO Just Outted Government's False Unemployment Rate
- Beware the Strange Data in the September Jobs Report
- July Jobs Report Confirms These Major Problems with U.S. Employment
- June Jobs Report: Beware Underemployment and Underground Economy
- You can Figure out When the Fed Might Start Tapering
- Today's May Jobs Report: When Bad News is Good News
American jobs are more at risk than those in other developed nations.
In fact, in the United States, 38% of jobs could be at risk of automation, compared with 30% in Britain, 35% in Germany, and 21% in Japan, according to a recent analysis by PwC.
The minimum wage debate has run its course - whether investors, pundits, and politicians like it or not.
Because there's no denying (and no stopping) what's about to upend the entire U.S. workforce as we know it.
"Bringing American jobs back" has been President Trump's motto since he first announced his campaign on June 16, 2015.
Who knew that Japan would adopt this motto as well?
Trump has negotiated to keep American jobs at home.
But the hard truth is, these deals aren't going to bring jobs back.
Kraft Heinz Food Co. (NYSE: HNZ) announced Wednesday it will close seven plants in the United States and Canada over the next two years. The Kraft Heinz plant closures will eliminate 2,600 jobs and add to 2015's growing layoff tally.
This year's year-to-date tally is already 13% higher 2014's full-year total.
The lower than expected jobs numbers that the Bureau of Labor Statistics released last week could signal a trend more disturbing than a potential rise in unemployment.
Despite hundreds of billions of dollars in bailout money and U.S. Federal Reserve stimulus, the U.S. economy is still not working very well for the average American.
According to a survey by Bankrate.com, 40% of Americans say they are just one big bill away from financial disaster. That tells Money Morning Chief Investment Strategist Keith Fitz-Gerald that the government's efforts to rescue the U.S. economy have failed.
The government's official unemployment rate is "a Big Lie," according to Jim Clifton, the CEO of 80-year old analytics firm Gallup. In a Feb. 3 op-ed, Clifton slammed the White House, Wall Street, and the media for celebrating about how unemployment is "down" to 5.7%.
Of course, here at Money Morning, we've called the "official" unemployment numbers cooked all along.
It's a good thing that Clifton is onboard with us - the more the merrier.
The September jobs report, delayed for weeks because of the government shutdown, is not at all what anyone expected. Not only did the headline number of 148,000 jobs fall far short of expectations but a lot of the underlying numbers just don't quite add up.
The July jobs report brings the total number of part-time jobs created this year to more than three times the amount of full-time jobs added.
Welcome to America: Land of part-timers...
The trend was pronounced in June when data revealed part-time jobs grew by a robust 360,000 and full-time jobs declined by 240,000. Friday's July jobs report was further proof.
June jobs report doesn't look so bad, until you see the real story – like the amount of underemployed and dangerous underground economy growth…
Although you might think the markets simply respond any time Ben Bernanke sneezes, his "cold cycle" is not one of the indicators that will spell the slowing
and eventual cessation of the printing press at the Fed.
There actually is a mathematical formula used by the Federal Reserve to determine when to stop the presses.
I could give you the formula and it would look like this:
POP2 = [1-(%∆POP) m*m] *POP1.
Or, I could share the link to the Federal Reserve's Jobs Calculator in Atlanta.
This is the same calculator used by the Fed to determine when the jobs market and the unemployment rate will align properly. And when they do, it will signal to the Federal Reserve that it might be a good time to start tapering its $85 billion a month bond buying program.
This is what needs to happen: The economy will have to show new job growth.
The Fed is looking for the creation of 150,000 to 200,000 new jobs each month for 6 months. This is how we look now: