Tag Archives: The Economy

U.S. Employment Performance August 2019

The U.S. added 130,000 net new jobs in August 2019 on a seasonally adjusted basis (preliminary) averaging 172,800 new jobs monthly in the prior 12-months and 158,000 per month year-to-date.   The unemployment rate remained unchanged at 3.7 percent – hovering near a five-decade low. Total U.S. employment is shown in the graph. The unemployment rate …Read more

Best Paying Six-Figure Jobs in America

It is the time of year when most college students have made their way back to campus and high school students commence the fall semester.  It’s also the time when parents ask in mass what their children should study at college to assure a good future. If the answer is also the best paying jobs, …Read more

U.S. Employment Performance July 2019

The economy added 164,000 net new jobs in July 2019 (preliminary) short of the expectation of 171,000 new jobs by economists polled by MarketWatch.   Job growth was at 1.51 percent compared to the 40-year compound annual growth rate of 1.43.  The unemployment rate was unchanged from June at 3.7 percent. The following graph shows the …Read more

MSA % Divisions Employment – June 2019

The U.S. just entered the longest economic expansion in history having grown 121 months.   Job growth nationwide was 1.54 percent in the 12 months ending June 2019 compared to a 1.43 percent annual compound rate for the past 40 years.  Job growth is not systemic, however.  As usual, I invoke the TINSTAANREM axiom — There …Read more

State Job Growth June 2019

Jobs are everything to the economy.   Period.  Just one state, Louisiana, posted a decline in the total number of jobs year-over-year, down a miniscule 0.07 percent with a loss of 1,300 net jobs.  Nevada grew jobs at a 3.30 percent pace once again topping state job growth at more than double the 1.54 percent nationwide …Read more

Another Top-10 List — Greatest (and Least) Debt Per Capita by State

The Modern Theory of Finance says that borrowing and investing today allows individuals to select both optimal investments now (such as borrowing for college to earn greater income in the future) and to also optimize future consumption patterns (like investing for retirement supporting a better lifestyle when income from employment lags).  From a theoretical perspective, …Read more