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Another day, another bad number on employment

 Disappointing numbers from the payroll survey by ADP Employer Services will keep the market on edge today as Wall Street waits for official government data on initial claims for unemployment tomorrow and then on nonfarm payrolls and the unemployment rate on Friday....

Employment data fireworks to end this week

The Fourth of July fireworks come early this year. Although by the calendar, the Fourth isn’t until Sunday, the big explosive economic news gets delivered on Thursday and Friday. Thursday brings the possibility of a few ooohs, aaahs, and bangs with the report on...

What Bernanke should tell Congress but won't

According to forecasts by the Federal Reserve, U.S. unemployment will stand at a horrendous 9.5% at the end of 2010. That’s just about where unemployment stands today at 9.7%. So I certainly understand why U.S. Senators and Representatives will want to hear from Fed...

Were more jobs lost in the recession than we thought?

Watch out for some nasty revisions in the employment numbers due out on Friday. The data release will include a revision of numbers stretching back into 2009 that’s likely to show bigger job losses during the recession than previously calculated. Paul Dales of Capital...

So where's the growth supposed to come from?

People who don’t have jobs don’t run up their credit card balances. Not much of a surprise. But in November it added up to a record 14th straight monthly drop in credit card debt. Today, January 8, the Federal Reserve reported that credit-card debt fell by $13.7...

Not much good news in today's unemployment numbers

Good news (well, a little) and bad news in the unemployment numbers from the U.S. Department of Labor this morning. Although the number of workers filing initial claims for unemployment climbed in the week ended January 2 to 434,000 from 433,000 in the previous week,...

Another jobless "recovery"?

The U.S. government releases its jobs figures tomorrow and Friday, January 7 and 8. Lucky economists aren’t groundhogs or they’d be scaring themselves back into their burrows for well more than six more weeks of unemployment winter. I’d call the mood on jobs and...

Job losses slow but still higher than expected

Another 169,000 jobs lost in November. About the best thing you can say about the report from ADP Employer Services released this morning is that the U.S. economy is shedding jobs at a slower rate. The 169,000 jobs lost in November is the smallest drop since July...