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In response Japan carmakers to cut China production by half . Sales have plunged at Japanese car makers since violent protests and calls for boycotts of Japanese products broke out across China in mid-September over the Japanese government’s purchase of a group of disputed islands in the East China Sea from their private owner.
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.
172,910 6,555 Taking demographics into consideration, the BLS projected the labor force to grow by 7.19 million to 156.51 million in 2010.
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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.
"Pigeon" Tax Protest Goes Viral in France I received an interesting email today from Andrea, who is from Italy but now lives in France. The email is about "pigeons", a movement started by French entrepreneurs in protest of president Francois Hollande’s tax policies. The "pigeon" movement has gone viral on Twitter
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Visit link: US CEOs Sharply Reduce Expectations for Economic Outlook, Hiring; Third Largest Plunge in 6-Month Expectations in History; Reflections…