Charting Stocks

Fridays employment report was widely reported as the figure came in much weaker than expected. The street was expecting a decline of 150,000 non-farm payrolls for the month of September while the actual figure was 263,000. The official unemployment rate was pushed up by 0.01% to 9.8%. Though the unemployment rate only ticked up by [...]

Interesting post from Reuters
Laid off from Wall Street? The CIA wants you — as long as you can pass a lie detector test and show that you are motivated by service to your country rather than your wallet.
The Central Intelligence Agency has been advertising for recruits and will be holding interviews on June 22 at [...]

A sign of our times.
AP – Evidence of the slumping economy is stacking up at an Ohio school which has nearly 700 applications for one open janitorial job.
Officials at Perry Local Schools near Canton in northeast Ohio say they’ve extended the deadline until Monday to accommodate the overwhelming response to the week-old posting. The full-time [...]

The US Labor Department reports that  US non-farm payrolls  fell by 651,000 in the short month of February bringing the US unemployment rate to 8.1%, the highest level in 25 years.
The number of unemployed persons increased by 851,000 to 12.5 million in February, and the unemployment rate
rose to 8.1 percent. Over the past [...]

Net Government Savings
An historic decline in in government savings from 2001-2002. Trend is continuing lower.
Depository Institution Borrowing from the Fed.

According to the ADP index, which is based on company payrolls,  U.S. private-sector firms cut 697,000 jobs in February. This is the largest job loss ever reported by ADP (Since it began collecting data in 2001).
Goods-producing companies lost 338,000 jobs, the 26th consecutive decline. Manufacturing shed 219,000, whle construction gave up 114,000.

According to todays ISM release, the US Manufacturing sector dropped again in February while the employment sentiment fell to its lowest reading ever.  This is the 13th straight month of manufacturing declines.
The Institute for Supply Management’ s (ISM) monthly purchasing managers’ index (PMI) registered a reading of 35.8% in February. Readings under 50% are consistent [...]

Job losses in the US are accelerating at a frightening pace. First-time applications for state unemployment benefits for the week ending Feb. 21 rose 36,000 to a seasonally adjusted 667,000. The level of initial claims is  up 86% from the same period in the prior year. For the week ending Feb. 14, the number of [...]

In our forecast for 2009, we warned of the coming riots, protests and overall civil unrest. As the economic crisis deepens, workers from across the globe have taken to the streets in protest of government handouts  for financial institutions, privatization, and job loss.
US officials have recently expressed their concern that demonstrations may spread to the [...]

According to a recent report, layoffs in the US technology sector rose 74.2% in 2008 as compared with the previous year. The industry was battered by an unrelenting wave of layoffs.
186,955 jobs in the telecommunications, computer, and electronics sectors were slashed in 2008 according to the report by outplacement consulting firm Challenger, Gray & [...]