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John Lounsbury
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John Lounsbury, Managing Editor and Co-founder of Global Economic Intersection, provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25... More
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Global Economic Intersection
  • Job Losses and New Hires in Balance 0 comments
    Jul 13, 2010 2:48 PM
    Calculated Risk has updated their graph that tracks the JOLTS (Job Openings and Labor Turnover Report) report.

    For large image, click here.

    Calculated Risk points out:

    Notice that hires (blue) and separations (red) are pretty close each month. In May, about 4.1 million people lost (or left) their jobs, and 4.5 million were hired (this is the labor turnover in the economy).

    When the hires (blue line) is above total separations (as in May), the economy is adding net jobs, when the blue line is below total separations, the economy is losing net jobs.

    The hires in May included the 411 thousand temporary Census 2010 hires. Without those hires, the JOLTS report shows only 8 thousand hires in May.

    Disclosure: No stocks mentioned.
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