Posts Tagged ‘ employment ’
Charles Biderman at the Irrational Economic Summit on why Obama is the Worst Economic President and what’s wrong with GDP and the Bureau of Labor Statistics initial jobs report
The most dangerous people are those with power who are not as smart as they think they are. Particularly dangerous are those who think they have the answer to our problems, but unfortunately are not smart enough to realize that they have no clue. Read More
TrimTabs Reports U.S. Economy Adds 135,000 Jobs in May – Employment Growth Averages Lackluster 121,000 Jobs per Month This Year
Sausalito, CA — June 5, 2013 — TrimTabs Investment Research estimates that the U.S. economy added 135,000 jobs in May, up from 67,000 jobs in April.
“Employment growth is stuck in low gear,” said David Santschi, Chief Executive Officer of TrimTabs. “The economy has added an average of 121,000 jobs per month this year, which by itself is not enough to reduce unemployment.” Read More
Charles Biderman and CNBC’s Rick Santelli discuss wage and salary growth year-over-year in March; whether the U.S. economy is picking up steam; and take a look at ETF outflows globally.
Employment Growth Early This Year Not Strong Enough to Reduce Unemployment Rate
Sausalito, CA — April 3, 2013 — TrimTabs Investment Research estimates that the U.S. economy added 156,000 jobs in March, up from 100,000 jobs in February.
“Employment growth has been significantly weaker than the Bureau of Labor Statistics is estimating,” said David Santschi, Chief Executive Officer of TrimTabs. Read More
By Charles Biderman
The Bureau of Labor Statistics guessed that 236,000 jobs were added in February and everybody applauded. Yay, or should we say, “boo.” What most everyone missed is that even the BLS admits in a footnote to its February jobs press release that historically its initial number can be revised as much as 90 percent. A 90 percent revision to me means that the February 230,000 job number is meaningless. Read More
Tax Deposits Indicate Last Month’s Employment Growth Slowest since June 2012
Sausalito, CA — March 6, 2013 — TrimTabs Investment Research estimates that the U.S. economy added 100,000 jobs in February, down from 135,000-155,000 jobs in January.
“Employment growth has gotten off to a slow start this year,” said David Santschi, Chief Executive Officer of TrimTabs. “Real-time tax data indicates that employment growth last month was the slowest since June 2012.” Read More