When the labor market is in trouble, the US economy is in trouble. Jobless claims rose 516k last week to the highest level since September 2001. The claims for unemployment benefits was only surpassed in the 2.5 weeks following 9/11.
Extrapolating the jobless claims data to non-farm payrolls and we could see non-farm [...]

Posted in Bernanke, Fed Rate Cut, Fed Rate Cut Expectations, US Dollar, consumer spending, forex blog, jobs No Comments »

Having a tough time finding a job? I don’t blame you. Even though companies are saying that their level of layoffs are in line with normal attrition, recruiters and job hunters believe otherwise. According to a Wall Street Recruiting Company, on average 100 resumes are arriving each day and only 3 of [...]

Posted in Layoffs, US Dollar, US Economy, jobs No Comments »