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Keyword: Employment

Bush Has 'Worst Job Growth of the Last 40 Years' Despite 810,000 Job Injection Email Print

...by a wide Margin!

I kid you not. Today boasted the data release of 'Non-farm Payrolls' and the unemployment rate -- two of the most intensely watched measures of U.S. economic health.

This month showed that 51,000 jobs were created in the month of September -- about 80,000 FEWER than the market expected. However, August's job creation numbers were revised upwards by about 60,000 jobs. So the 2-month total came out slightly weaker than expected.

As expected, the Dollar dropped on that negative economic information -- but wait!

Along comes the 600 pound gorilla -- or maybe I should say the 810,000 pound gorilla.

That's right. Something called a 'Benchmark revision' to prior job creations were upped by an astronomical 810,000 jobs.

In all my years in the business, I've never heard of such an enormous revision -- almost clownish:O

Now comes the strange part...

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Saving the World One Job Interview at a Time Email Print

Last night I attended a showing of the Motherhood Manifesto documentary. This documentary highlights the work of MomsRising.org, a growing movement with over 50,000 members - and particularly their effort to end employment discrimination against mothers.

I'm all for ending that discrimination - my own mother was denied a job because she was asked a question to determine whether she had daughters or sons (one of the benefits the employer offered would have been considerably more expensive for daughters). Yet I was left with a subtle feeling of increased anomie after the show. 24 hours of thinky thoughts later, I think I know the source of my discomfort, and I also have a new outlook on business and labor law.

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