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Read More: Did Birth/Death Revisions Distort Friday’s +288,000 Jobs Number? Reflections on BLS Competence
Output and new orders contract at slower rates Staff numbers are cut for the sixth month in a row Solid reduction in both input and output prices Chinese manufacturers signalled a further deterioration in overall operating conditions during April.
For further discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? Birth Death Model Starting January, I dropped the Birth/Death Model charts from this report
Doug Short at Advisor Perpspectives picked up my post Shiller Drinks the Kool-Aid . Footnote from Doug Short Doug emailed me a bit ago, adding a few charts of his own to my post.
View article: Nonfarm Payrolls +192,000, Unemployment Rate Steady at 6.7%; Economy Poised to Accelerate?
The EPI had an interesting chart and comments in its report The Vast Majority of the 5.8 Million Missing Workers Are Under Age 55 . Since the start of the Great Recession over six years ago, labor force participation has dropped significantly. Most of the drop—roughly three-quarters—was due to the lack of job opportunities in the Great Recession and its aftermath.
Followup post by el Economista The Ministry of Economy approved the bankruptcy reform legislation to save viable businesses including a provision that transforms debt into equity . If creditors representing at least 60% of the financial liability agree, forced conversion of loans into equity may last up to five years. If creditors representing at least 75% of the financial liability agree, forced conversion of loans into equity may last ten years
More: Nonfarm Payrolls +175,000, Household Survey +42,000; Unemployment Rate 6.7%
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