Discerning the Truth In Employment Data

Just as it’s been the principal benchmark that financial markets have used to evaluate the economic recovery for the past three years, job creation has become the central economic focus of the U.S. presidential campaign. Benjamin Disraeli’s statement on the three types of lies is appropriate because the way in which the employment statistics are

Continue Reading

The Stream of Labor Slows to a Trickle

How’s this for a glimpse of the future? For the next eight years, the labor market will continue to shrink, and your company will increasingly come to resemble a temporary employment agency. Bright, restless recruits who believe they have nothing more to learn from your firm will move on to other employers; your seasoned managers

Continue Reading

3 takeaways from sizzling October jobs report

WASHINGTON — Employers shrugged off worries about the U.S. economy downshifting, adding a whopping 271,000 non-farm jobs in October and raising worker pay in the process. The unemployment rate in October dipped slightly to 5 percent, and measures of stress in the job market continued improving, the Labor Department reported Friday in a solid monthly

Continue Reading