For the second month in a row, the number of people not in the workforce hit another record high in April, according to jobs data released Friday by the Bureau of Labor Statistics.
April saw the number of people dropping out of the labor force increase from March’s record 93,175,000 to a new record: 93,194,000 people not in the workforce. Continue reading
Tag Archives: jobs data
What The World’s Biggest Banks Have In Store For The U.S. Dollar
Central bankers from Beijing to Brasilia have been acquiring a lot more dollars of late, but the overweight of the greenback has reached its limits. There is only one way left to go. It is time to sell the dollar once again.
Or so says Jerome Booth.
Booth has been in the currency and fixed income markets since 1999. That’s when he helped launch the Ashmore Group, one of the largest pure-play emerging market fund managers in the world with around $70 billion under management. Before he retired to write books and launch his new private equity firm New Sparta Limited, Booth was a regular source of mine here at FORBES. He’d talk about the wonders of emerging market debt; their relative strength compared to the Western world and how they’ve improved from their “Third World” days of yesteryear; and the day of reckoning that would come when the Chinese yuan becomes a reserve currency. Continue reading
Gallup CEO: I May “Suddenly Disappear” For Telling Truth About Obama Unemployment Rate (Video)
Please see the source link for the video, which unfortunately cannot be posted due to compatibility issues. Jim Clifton’s original article can be found HERE.
Gallup CEO Jim Clifton told CNBC he might “suddenly disappear” for telling the truth about the Obama unemployment rate. Continue reading