Flash PMIs and Germany’s bragging rights
Europe must grow its way out of this slump! It’s not enough to bail out profligate sovereigns and banks! Capital must be deployed to SMEs! Youth unemployment must be tackled! Fiscal discipline is not...
View ArticleThe unemployment exit race and structural impairment
We found a couple of items from a Credit Suisse note commenting on Friday’s jobs report to be interesting and worth discussing in some detail. First is a bit of commentary explaining that a higher...
View ArticleThe Eurozone youth of today
Increasing unemployment disproportionately affects the young. While policymakers have been pre-occupied with sovereign and financial crises, the generation with no actual experience of holding down a...
View ArticleThe BoE on Britain’s productivity puzzle
The minutes to the Bank of England’s September meeting are out, and we can’t help being drawn to the following comments about the UK’s labour productivity puzzle (our emphasis): The labour market had...
View ArticleThe old are stealing our jobs!
From Steven Englander at Citi — a little observed factoid regarding employment trends among the older demographic: We are taking one small slice at this subject, starting with the little noticed fact...
View ArticleOn Chinese labour market opacity
Today's China flash PMIs have been a little challenging to unpick. Inventories are down and input and output prices are up -- but order backlogs are down, and so is employment, which HSBC notes is...
View ArticleKill the old, jobs edition
If increased proportions of older workers are squeezing out some of the younger would-be workers there could be a significant downside in the longer term -- ironically, due to the ageing population....
View ArticleHappy women’s day! You’re paid less than men! – Part 1
Hurrah, it’s International Women’s Day! Time for a bunch of reports informing us of much less we earn than men! Aren’t you excited? The formula: Sample data finds that women aren’t paid as highly as...
View ArticleHappy women’s day! You’re paid less than men! – Part 2
In Part 1, we looked at the Futuretrack data that showed female graduates in the UK earning less than their male colleagues. This appears to hold even when graduates did the same degree, went to a...
View ArticleDo markets dream of electric androids?
ROBOTS! AUTOMATONS! CYBORGS! ARTIFICIAL INTELLIGENCE! ARGHH!!! Last weekend I attended Robots on Tour, a robotics, humanoids and cyborg exhibition put together by the Zurich-based Artificial...
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Xi who must keep you employed
This man is in charge of China. Like, really in charge: And he wants to make sure everyone he’s in charge of remains nice and calm. So he’d like them kept busy. That, for the most part, means they...
View ArticleThe way we work now
The way we work now is changing rapidly: Self-employment is up, workers are putting their own money into what once would have been company purchases, and there’s endless chatter about the future of...
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