unemployment

Experts see that the 3rd Industrial Revolution is upon us. How many jobs will be lost?

Summary:  It’s been almost 4 years since the first article appeared on the FM website warning about the next wave of job losses from automation. Now experts slowly begin to grapple with this problem, estimating its magnitude, extent, and possible solutions. Here we look at three of these. Properly managed, the 3rd industrial revolution will …

Experts see that the 3rd Industrial Revolution is upon us. How many jobs will be lost? Read More »

The astonishing news about the December jobs report: it shows continued slow growth

Summary: Manufacturing is strong, household income is growing (driven by gains for the top quintile). Employment is the weak link in the recovery. The news media focuses on the monthly changes, mostly noise. Strong months confirm the narrative; excuses explain the weak months. In fact the economy’s trend remains locked near the 2% stall speed …

The astonishing news about the December jobs report: it shows continued slow growth Read More »

The October jobs report: confusing, probably showing continued steady growth

Summary: Employment is the weak link in the recovery. The news media focuses on the month-to-month changes in the jobs report, which consist mostly of noise. Strong months confirm the optimists; weak months confirm the pessimists. In fact the trend of growth remains the real story, with the US economy near stall speed (jobs and …

The October jobs report: confusing, probably showing continued steady growth Read More »

The September jobs report: more too-slow growth, no signs of the expected acceleration

Summary: Employment is the weak link in the recovery. The news media focuses on the month-to-month changes in the jobs report, which consist mostly of noise. Strong months confirm the optimists; weak months confirm the pessimists. In fact the trend of growth remains the real story, with the US economy near stall speed (jobs and …

The September jobs report: more too-slow growth, no signs of the expected acceleration Read More »

About today’s jobs report: mixed news. No prize in this box.

Summary: The news media focuses on the month-to-month changes in the jobs report, which consist mostly of noise. Strong months confirm the optimists; weak months confirm the pessimists. In fact the trend of growth remains the real story, with the US economy near stall speed — supported only (like the other developed nations) by massive …

About today’s jobs report: mixed news. No prize in this box. Read More »

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