Discover and read the best of Twitter Threads about #Unemployment

Most recents (24)

The US Federal Reserve has two imperatives: keeping #employment high and #inflation low. When these conflict - when unemployment goes near-zero - the Fed forgets all about #FullEmployment, cranking #InterestRates to "cool the economy" (AKA "increasing #unemployment"). 1/ A vintage postcard illustration of the Federal Reserve build
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2023/01/19/cre… 2/
An economy "cools down" when workers have less money, which means that the prices offered for goods and services go down, as fewer workers have less money to spend. 3/
Read 53 tweets
#SuperImportant #Retweet
Will #IndianRetail flows to #Equity TOP OUT?

#Modinomics characterized by Record #Unemployment of the #Unorganised Sector & "unreported" #Inflation has ensured that Net Financial Savings of Indian Household is at a 30 YEAR LOW
What Does this Actually Mean?
🚩In FY22, NET FINANCIAL SAVINGS of households was 7.3% of GDP (17.2 Lac Crores).
🚩In 6 months of FY23, NET FINANCIAL SAVINGS of households was 4% of GDP (Rs 5.2 Lac Crores)
What Drove his Change? 2 Factors
(1) Rising LIABILITIES of households which increased to 5% of GDP in H1 FY23
(2) Sharp Fall in TOTAL SAVINGS. Past 5 odd years, TOTAL SAVING of households was ~20% of GDP. However, in H1 FY23, TOTAL SAVING of households has fallen to 15.7% of GDP
Read 8 tweets
1. #China has been involved in illegal fishing in #EEZ of over 80 countries with over 10 million hrs of fishing.

This is a mega report and tweet thread on #Chinese illegal fishing in world's oceans and its impacts.

Read/download the complete report:
ij-reportika.com/the-illegal-ch…
2. The #Chinese fleet is often found guilty of #overfishing,
killing protected species,
falsifying licenses and docs,
#espionage,
seizing territories &
producing tons of sea #waste.

Read/download the complete report:
ij-reportika.com/the-illegal-ch…

#ChinaIllegalFishing
3. IUU: #China has been consistently ranked num. 1 on various parameters of illegal, unreported, and unregulated fishing (IUU) rankings.

According to the IUU rankings report 2021, over 60% of its vessels are involved in IUU fishing worldwide.

#ChinaIllegalFishing
Read 24 tweets
@PwC @PwCUS just released their 2023 Annual Global CEO Survey — here's a thread of the top takeaways from the survey, including the fact that "40% of CEO's don't think their companies will be 'economically viable' in the next 10yrs"... 🧵/👇🏼

#macro #Stockmarket #DataAnalytics
1/🧵 "Roughly 40% flagged the transition to new energy sources and supply chain disruption." @PwC @PwCUS

#macro #Stockmarket #DataAnalytics #commodities #supplychainmanagement #tech
2/🧵 "#inflation and #macroeconomic volatility stand out more prominently than other key threats in the next 12 months than over the next five years." @PwC @PwCUS

#macro #Stockmarket #DataAnalytics #commodities #supplychainmanagement #tech #CPI
Read 11 tweets
2/4 "Even after accounting for such factors, having #LongCovid was linked to higher risks of recent #unemployment, #financial #hardship, and #anxiety and #depressive #symptomatology, with evidence of dose-response relationships."
3/4 "Overall, an estimated 27.3 million US adults with #LongCovid were at risk of adverse #socioeconomic and #health outcomes including #anxiety and #depression."

#SDOH #social #determinants of #health
Read 4 tweets
'2022 wasn't an easy year for the Union for the #Mediterranean. High #unemployment, #ClimateEmergency, #food and #energy #safety... But we are advancing, also on regional dialogue on #GenderEquality'

Álvaro Albacete @UfMSecretariat at #EESCplenary debate
'EU relationships with its southern neighbourhood is based on the two most powerful engines: geography and history. #Euromed has great potential, but faces also massive challenges in terms of #climate and #demography'

Josep Ferré @AnnaLindh at #EESCplenary debate
'How do we promote cooperation between EU and countries of southern #Mediterranean, ensuring respect for #democracy, human and Workers' rights? We see from experience in some situations we are not even allowed to talk about human rights'

@AknoMag #EESCplenary debate #Euromed
Read 5 tweets
(1/7) #Bullmarkets are periods of increased #asset values due to regular #price fluctuations. This thread emphasizes on its causes and characteristics. 🐮🧵

Learn More 👇
medium.com/zignaly/llts22…
(2/7) Wage growth, capital inflows, minimal unemployment, strong #consumer spending, and increasing corporate #profits are all factors that lead to sustainable #bullruns. 🐮📈
(3/7) Characteristics of a #BullCycle:
1. Boosted #investor confidence, falling policy rate. 🔝📈
2. More #money being invested in the future by businesses. 💵📈
3. There is a decline in the #unemployment rate. 👨‍💼📉
4. The process of #spending money is more straightforward ⬆💯
Read 7 tweets
Mixed bag of UK labour market data... (short 🧵)

#Unemployment rate down on the quarter but up on the month, and flattered by rise in number of people no longer actively looking for work (incl. long-term sick)

#Employment rate (first chart 👇) still below pre-Covid levels...
Earnings data a little better than expected: average total #pay (incl. bonuses) rose 6.0% in 3m to September and regular pay (excl. bonuses) by 5.7%, although still falling in real terms.

And early PAYE estimates for October point to a 6.0% increase in median pay last month...
Payroll #employment rose another 74,000 in October and remains on strong upward trend.

But separate Labour Force Survey suggests total employment (incl. self-employment) is much weaker.

Both measures have pros and cons - take your pick!
Read 4 tweets
Earlier this week the @federalreserve raised #policy rates at an extraordinary 75 basis point increment (its fourth time doing so this year), in an attempt to moderate excessively high levels of #inflation.
Still, if the central bankers were hoping to see signs of slowing in the persistently solid #LaborMarkets, as an indicator that policies were slowing growth and in turn #inflation, they may be somewhat disheartened by today’s data.
Indeed, nonfarm #payrolls increased by 261k jobs in Oct, with private employment rising an average of 262k/month over the past three months, which does not yet imply that the slowing that policymakers believe we’ll need to see to tame #inflation has arrived.
Read 16 tweets
1. #Unemployment.. Watch this.. In June 2022.. @NarendraModi announced govt depts must recruit 10 lakh persons in "mission mode" in 18 months.. this is after dodging all the questions & issues of unemployment.. This is just a "Ratan Khatri" figure..
2. #Unemployment.. I call this 10 lakhs jobs a "Ratan Khatri" figure because its drawn from his "Worli Matka" thing.. and not based on any transparent assessment of NEW vacancies or REPLACEMENT vacancies (due to retirement, VRS etc).. @NarendraModi..
3. #Unemployment.. Employment is always a NEED-BASED action and is a continuous process in any organisation.. But.. But its only @NarendraModi who makes a grand TAMASHA of "DIWALI-GIFT" of 75000 jobs as his coolies at @Timesnow grandly mention..
Read 8 tweets
DISCLAIMER : This is for educational purpose and not financial advise.

Monthly market analysis Sep 30, 2022

#StockMarket Worst week, worst month, and worst quarter of the year since Financial crisis and dot-com bubble. Why it happened?

Let's look at more closely 🧵👇
1. After making reversal at H/S neckline in early Aug, US 10Y Yield #bond broke out from Feb'11 high 3.73% and have held up strongly for about a week. This month, yield has gone up +20%, bad for risk and long duration assets

#StockMarket Image
2. US 02Y Yield #bond broke out resistance 3.7% and past 4% strongly after Fed Reserve hawkish announcement and never look back. This month yield has gone up more than +22%

#StockMarket Image
Read 49 tweets
Today’s #JobsReport revealed an #economy that is producing #jobs at a slower pace than it has over the prior several months.
That said, a historic number of jobs have been created in this recovery since the fall of 2020, so a slowing in the pace of #growth isn’t unexpected.
Even with today’s somewhat slower rate of #hiring at 315,000 jobs for the month of August, the 3-month and 6-month average of #payroll gains has been 378,000 and 381,000 jobs, respectively, which is clearly indicative of slowing today from a point of strength.
Read 12 tweets
#CEV
Number of #unemployed over-50s surges in ‘#silver exodus’ from UK workplaces
Despite rise in job vacancies, 3.6 million Britons aged 50-64 are now #economicallyinactive, in trend seen since #Covid #pandemic
theguardian.com/society/2022/a…
/2 This total of over-50s in receipt of #state help while looking for work has risen by 65,000 on the month immediately prior to the pandemic, and comes when job vacancies stood at over 1.274m.
/3 #grafters
The total of 375,000 over-50s on #unemployment #benefits is also 173,000 higher than five years ago. Among those who are 16-64 and classed as economically inactive, 20% (1.7 million people) want a #job. #Disabled #Carers
Read 5 tweets
We've had a fairly substantial week a lot of #priceaction #volatility and don't forget more important we had the #FOMC which fairly well documented. I just wanted to recap on the Fed's meeting and my thoughts with this flood so let's crack on with it. 👋 ++
Fed's policy isn't restrictive yet it's at the neutral rate and we're pretty much at the neutral rate restrictive policy is pushing up into territory or territory that we know historically have caused something to break. ++
We've already covered the 50 75 basis points so the question you want to be asking yourself is heading into September's #FOMC what if #inflation remain high and it's persistent what will the #Fed do are they going to come out and slap 100 basis point rate act on the table. ++
Read 11 tweets
@bankofengland raises rates by 50bps today and forecasts nflation to 🏔13.1% by end-2022.

It looks like the bank is forecasting a mild #recession with #GDP growth *falling* by 1.5% in 2023.

This is accompanied by a modest rise in the #unemployment rate to 5.75% in 2024.
A 🧵
As I read through the @bankofengland report, I will tweet my commentary here.

Taken from the report:
A #recession2022 is the Bank’s base case forecast.😣

“The United Kingdom is now projected to enter recession from the fourth quarter of this year.”

bankofengland.co.uk/monetary-polic…
“The changes Ofgem has announced to the method for updating the household energy price cap are also expected to push up CPI inflation in the near term…”

This was a worry I set out yesterday.
Read 8 tweets
Beware Fed cuts, not hikes & the dreaded ISM Services 52/53 band. An equities timing 🧵: The equities market has front-run the economy driven by a reset in stimulus fueled P/Es but not yet by earnings. What to expect from here? See 2 charts & discussion. 1/5
$QQQ $SPY #SPX #macro Image
Cycle timing: In the '01 and '08 cycles, the real #recession (rising #unemployment) did not start till after the Fed had broken something and stopped hiking. Its at this time we see the ISM services really deteriorate. But in past thats been 19-36 mths after hikes started. 2/5
Do we need to see outright services contraction to be worried? No & Yes. The time to get really worried is when ISM Services hits the 52-53 band. Thats when firings accel - before it gets to 50. But yes, when it hits that level, it often collapses. And thats when the Fed cuts 3/5
Read 6 tweets
I found little about negotiating #severance when I needed it, so after spending $1500 and a month working with a lawyer to negotiate mine, and ultimately walking away, I'm sharing some thoughts and what I learned. 🧵👇

#SeverancePay #SeveranceAgreement #SeveranceNegotiation
I'm happy to empathize as I have bandwidth, but I’m not a lawyer, and my experience was in California. Here’s the list of California employment lawyers recommended to me. Avoid lawyers that also may have done work for the company that terminated your employment.
These are the California employment lawyers recommended to me: List of California employme...
Read 46 tweets
Discussion on #pricerise starts in #LokSabha with Manish Tewari, INC speaking:
- In last 8 yrs, 5 economic values (savings, investment, production, consumption, employment) have degraded
- 23 crore have slid back into poverty
- 77% of country's wealth concentrated in 1% people
Tewari on #PriceRise:
- 100-166 billionaires in country, but poor people suffering
- started due to BJP's #demonetization
- then #GST imposition made MSMEs suffer, still not recovered
- 10.6 lakh crore money outstanding in this sector
- 8& #unemployment in 2022
#MonsoonSession
Tewari on #PriceRise:
- #MNREGA was called 'gaddha khodne wali scheme' by NDA, now keeping families alive
- Instead of filling money in common peoples pockets, in 2014-2022 4.32 lakh crore concession given to businesses
- Why imposing #GST on cremation sites? How is this justice?
Read 40 tweets
In the last week, not only 27 Opposition MPs have been suspended (4 in #LokSabha, 23 in #RajyaSabha), but as many as 97 Questions asked by these MPs have been DELETED & Govt has avoided answering these Qs!
There is NO provision in RULES to permit such deletion of Qs!
#Thread
This dubious practice, which isn't permitted by Rules & has no logic, was first noticed in #MonsoonSession 2020, repeated in Monsoon Session 2021, Winter Session 2021 and now happening again in current #MonsoonSession2022.
See our earlier #Thread-
In the current #MonsoonSession, following is the tally of Qs 'DELETED'. Also, see pics of some Deleted Qs.
- 11 Qs asked by 4 suspended Opposition MPs in #LokSabha
- 86 Qs asked by 23 suspended Opposition MPs in #RajyaSabha

#Parliament
Read 8 tweets
The #JobsReport came in at 372,000 jobs gained, the #unemployment rate at 3.6%, which was coupled with #wage growth of 5.1% year-over-year: all solid numbers in a historic context.
Still, when taken in the context of much of the #economic data coming in, last week’s #employment report reemphasized two key tenets of the economy and consequently of #investment markets: 1) the U.S., and indeed the global economy, is tangibly slowing…
…and 2) we are probably past the #employment peak and will likely witness #LaborMarket slowing in the back half of the year.
Read 11 tweets
#Exclusive:

|| #Kejriwal claims 10 lakh jobs given, but only 12,588 as per govt. data ||

* AAP chief Arvind Kejriwal and other party leaders have been claiming for the past many months that the #Delhi govt has given – 10 lakh jobs – in the private sector to Delhiites (1/n)
through its “Rozgar Bazaar” portal. But only 12,588 people have actually gotten jobs through the portal till May 1, according to official data accessed by The Hindu.

* This figure of 12,588 is also an estimate of the government, as it is based solely on phone calls with (2/n)
people who posted the job openings, without cross-checking with people who actually got the jobs.

* The AAP government’s claims on the “10 lakh” jobs varied over the last 20 months depending on who made the claim and where it was made. (3/n)
Read 6 tweets
The @federalreserve’s Federal Open Market Committee raised the target range for the Federal Funds #policy rate by 0.75% yesterday, to between 1.50% and 1.75%, as was increasingly anticipated.
The move by the #Fed to progress faster to neutral will be applauded in the long run by the #economy, business decision-makers and ultimately by# markets.
Like putting your car’s transmission (automatic or manual) into #neutral, getting to that place allows for decision-making flexibility given changing road conditions, particularly when the road to the #destination has become increasingly #murky.
Read 13 tweets
[Thread]
South Africa’s #unemployment rate decreased by 0,8 of a percentage point to 34,5% in Q1:2022 compared to Q4:2021.

#StatsSA
Both unemployed and not economically active declined in Q1:2022. There were about 370 000 more people employed in Q1:2022 than in Q4:2021.

Read more here: statssa.gov.za/?page_id=1854&…

#StatsSA #employment #unemployment
The number of Not Economically Active persons decreased by 166 000 in Q1:2022 compared to Q4:2021.

Read more here: statssa.gov.za/?page_id=1854&…

#StatsSA
Read 18 tweets
#AFG | Knock-on Impacts of Restrictions Against Women

In #Samangan province, Tahminah Women's Park & Marketplace has become inactive due to increasing #poverty and #unemployment rates, and Taliban restrictions on women's freedom of movement (1/11)

🧵 AW research👇
On 14 May, the Afghan newspaper Hasht e Subh Daily reported on its website that the Taliban closed a park and women's market in Samangan.

The park was the only recreation facility and marketplace for women and girls in the province. (2/11)

8am.af/the-taliban-cl…
AW followed up on this news with a number of sources on the ground, including a former employee of the department of women's affairs, a local journalist, and a civil #activist in Samangan in order to find out more. (3/11)
Read 11 tweets

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