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Lost Bet On Friday, I lost a bet made in March of 2010 regarding unemployment . I bet that the unemployment rate would not dip below 8% before June 2015. I crunched numbers many ways and simply decided there is no way the economy could possibly grow enough jobs.
Index of Aggregate Weekly Hours Average Hourly Earnings vs. CPI BLS Birth-Death Model Black Box The BLS Birth/Death Model is an estimation by the BLS as to how many jobs the economy created that were not picked up in the payroll survey.
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1 Key Points The PMIâ„¢ registered 49.6 percent, a decrease of 0.2 percentage point from July’s reading of 49.8 percent, indicating contraction in the manufacturing sector for the third consecutive month.
Here are a few snips from the Dallas Fed Manufacturing Survey . Texas factory activity continued to increase in July, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell from 15.5 to 12, suggesting slightly slower output growth.
Reuters reports Global factories struggle as growth fears rise U.S. and euro zone factory activity slumped again in July while Chinese manufacturing hit an eight-month low, surveys showed on Wednesday, as economies worldwide showed signs of slowing