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EMPLOYMENT: Growing Slowly

Posted on June 7, 2025 by Dr. David Edward Marcinko MBA MEd CMP™

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BREAKING NEWS

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Job growth is slowing, but still bigger than expected

US employers added 139,000 jobs last month, government data released yesterday shows—that’s less than the down-wardly revised 147,000 new jobs that were added in April, but more than economists had predicted. Meanwhile, the unemployment rate held steady.

MAY: https://medicalexecutivepost.com/2025/06/06/may-jobs-report/

Overall, the highly anticipated jobs report reflects employers growing more cautious in the face of the economic uncertainty brought on by the trade war, but so far, there doesn’t seem to be a steep drop off in the labor market. That could give the Fed reason to stay in wait-and-see mode on interest rates, though President Trump still used the occasion to urge Jerome Powell to cut rates “a full point” on Truth Social.

PHYSICIAN EMPLOYMENT CONTRACTS: https://medicalexecutivepost.com/2024/01/12/sample-new-physician-letter-of-employment-contract/

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Filed under: "Ask-an-Advisor", Accounting, Breaking News, business, Career Development, CMP Program, economics, finance, Investing, Management | Tagged: CMP, employment, hiring, interest rates, Jerome Powell, jobs, jobs report, Trump, Truth Social, unemployment | Leave a comment »

DAILY UPDATE: Payroll Jobs and Longevity Up

Posted on June 9, 2024 by Dr. David Edward Marcinko MBA MEd CMP™

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People whose job it is to watch the economy are shocked at how many jobs the economy added last month: Payrolls added 272,000 more jobs in May, according to employer stats the government dropped yesterday, vastly exceeding the 190,000 increase that analysts predicted.

The biggest job gains were in healthcare (68k jobs), government (43k), and hospitality (42k).
The average hourly pay increased by 0.4% from the previous month and 4.1% over the year, also exceeding analysts’ predictions.

The surprisingly strong employment gains are prompting some head-scratching since they come amid slowing economic growth as consumers pull back on spending. The job market’s resilience has dashed hopes among investors and anyone planning to take out a loan that the Fed will lower interest rates soon. For example:

The unemployment rate ticked up to 4% from 3.9% in April, breaking its historic streak of 27 months under 4%.
A survey of households revealed that the number of Americans working dropped by 408,000 from April to May.

Some economists claim the household survey fails to properly account for immigrant workers, who have been the main driver of working population growth in recent years. But others say it checks out given the general cool-down vibes in the labor market: Job openings were at a three-year low in April, and many recent college grads have struggled to find work.

CITE: https://tinyurl.com/2h47urt5

While some companies would be thrilled if everyone started living to 120, it could spell trouble for the rest of us. Experts believe that centenarians becoming anything more than an anomaly would put the world in an economic pickle and require a societal overhaul to adapt. Even without futuristic tech that enables ultra-longevity, many developed countries are already in an economic bind due to aging populations and declining birth rates. The US Census Bureau projects that people older than 64 will reach 23% of the population by 2060 (compared to 17% in 2020), which means higher retirement and healthcare costs with fewer workers to offset them.

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EMPLOYEE LAYOFFS: A Different Type of Holiday “Window Dressing”

Posted on December 22, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

END-OF-YEAR FINANCE

By Staff Reporters

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We’ve discussed end of year mutual fund “window-dressing” before on this ME-P. Essentially, with mutual funds, window dressing refers to the superficial changes a fund might make to its portfolio of holdings to appear more attractive to current and prospective investors. At a glance, a potential investor might be drawn in with what appears to be good performance.

For example, a mutual fund management team might choose to sell losing stocks and buy winning ones at or around the end of a quarter. This strategy hides weak performance and gives investors a perception of impressive returns.

CITE: https://www.r2library.com/Resource/Title/082610254

Window dressing in stocks is an example from another part of the world of finance, as public companies sometimes use window dressing when reporting earnings. Depending on the specifics, this practice can range from “creative accounting” to something bordering on or actually qualifying as fraud.

For example, some economics researchers cite rounding as a manipulative form of window dressing. A firm might round $5.99 million in quarterly earnings up to $6 million because the round number can be more psychologically attractive.

MORE: https://medicalexecutivepost.com/2023/12/02/what-is-mutual-fund-window-dressing/

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The GM-owned self-driving car company Cruise will lay off 24% of its staff (~900 employees) as well as nine executives following a serious autonomous taxi crash in San Francisco in October 2023 and the vehicles’ subsequent banning in the state of California.

Cruise’s staff reduction appears mostly due to the safety concerns around the company’s robo-taxis, but it comes after a deluge of other high-profile companies made major cuts just before the holidays:

Etsy. The online marketplace said it was laying off 11% of its staff. CEO Josh Silverman blamed the macroeconomic environment and previous over-hiring despite gross merchandise sales remaining flat since 2021.
Hasbro. The toymaker laid off 1,100 workers (roughly 20% of its staff) after a period of less-than-stellar toy sales following a pandemic surge. This most recent layoff is in addition to the 800 jobs it cut earlier this year.
Spotify. The streaming giant announced its third round of 2023 layoffs earlier this month. The company cut 1,500 jobs, which equates to about 17% of staff.
Why do companies do this?

Pre-holiday layoffs might seem especially cruel, but sadly, they aren’t uncommon. December job cuts are the quickest way for companies to pad the balance sheet and EOY reports before they show them to shareholders. Plus, it means they’ll have to give out fewer end-of-year bonuses.

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Filed under: "Ask-an-Advisor", Accounting, Career Development, Experts Invited, Financial Planning, Funding Basics, Glossary Terms, Investing | Tagged: Cruise, employee lay-offs, Etsy, GM, Hasbro, John Silverman, layoffs, mutual fund windo dressing, Mutual Funds, Spotify, stock window dressing, unemployment, window dressing | Leave a comment »

JOBS: 225,000+ as Unemployment Falls

Posted on July 7, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The U.S. is expected to have added tens of thousands of jobs in June, continuing to defy high interest rates and stubborn inflation, But any signs of slower job and wage growth last month could signal the labor market may be cooling down.

Economists surveyed by Bloomberg project that 225,000 jobs were added to the economy in June while the unemployment rate is expected to have slipped to 3.6% – down from 3.7% the previous month. And a projected 4.2% average hourly wage bump over the previous June would be the smallest yearly uptick since 2021.

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Filed under: Breaking News, Career Development, Experts Invited, Financial Planning, iMBA, Inc., Investing | Tagged: Bloombeerg, employment, FOMC, inflation, jobs, unemployment, unemployment benefits | Leave a comment »

US Unemployment Benefits Fall

Posted on February 2, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

INFLATION STILL LOOMING?

By Staff Reporters

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According to Bloomberg, applications for US unemployment benefits fell for the fourth time in five weeks, underscoring the broad resilience of the job market that threatens to keep inflation elevated. Initial unemployment claims ticked down by 3,000 to 183,000 in the week ended January 28th, the lowest since April, Labor Department data showed Thursday. The median forecast in a Bloomberg survey of economists called for 195,000 applications.

CITE: https://www.r2library.com/Resource/Title/0826102549

Continuing claims, which include people who have already received unemployment benefits for a week or more, fell to 1.66 million in the week ended January 21st. The labor market, while cooling at the margins, is still tight by many measures and remains one of the key hurdles in the Federal Reserve’s fight against inflation. Even though payrolls growth has slowed and companies in technology and banking have laid off staff in recent months, demand for workers still far exceeds supply, which could put upward pressure on wages and broader prices.

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Filed under: Breaking News, Glossary Terms, Investing, LifeStyle | Tagged: Bloomberg, CPI, FOMC, inflation, Labor Department, unemployment, unemployment benefits, US Unemployment Benefits Fall | Leave a comment »

DAILY UPDATE: Jobless Down, Markets Down, Netflix Out but FTX is Rising?

Posted on January 20, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The number of people seeking unemployment benefits in the U.S. reached a four-month low last week, a sign that employers are holding on to their workers despite the Federal Reserve’s efforts to slow the economy and tamp down inflation. U.S. jobless aid applications for the week ending January14th fell by 15,000 to 190,000, from 205,000 the week before, according to the Labor Department. The four-week moving average of claims, which can even out the week-to-week volatility, declined by 6,500 to 206,000. Jobless claims generally serve as a proxy for layoffs, which have been relatively low since the pandemic wiped out millions of jobs in the spring of 2020. And, the labor market is closely watched by the Federal Reserve, which raised interest rates seven times last year in a bid to slow job growth and bring down stubbornly high inflation.

CITE: https://www.r2library.com/Resource/Title/0826102549

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According to Bloomberg, Netflix Inc. co-founder Reed Hastings is stepping aside as Chief Executive Officer of the company he’s led for more than two decades, leaving the position to his two longtime associates, Ted Sarandos and Greg Peters.

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U.S. stocks were lower, adding to yesterday’s sharp draw downs as investors remain concerned regarding the Fed’s monetary policy decisions and its ultimate impact on the economy. Economic data was mixed, as housing starts came in above estimates, building permits missed forecasts, and jobless claims unexpectedly dropped, while Philadelphia’s manufacturing output improved more than expected but remained contractionary. Q4 earnings season continued to heat up, as Dow member Procter & Gamble matched estimates, while Discover Financial Services topped forecasts but offered cautious guidance about charge offs, and Allstate Corporation issued a Q4 profit warning.

Treasury yields gained modest ground, and the U.S. dollar declined, while crude oil and gold prices rose.

Asian stocks finished mixed and markets in Europe saw widespread losses, trimming some of its strong start to 2023.

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Finally, bankrupt Crypto exchange FTX is looking into the possibility of reviving its business, Chief Executive Officer John Ray just told the Wall Street Journal. Ray, who took over the reins in November, has set up a task force to explore restarting FTX.com, the company’s main international exchange. The CEO also told the Journal that he would look into whether reviving FTX’s international exchange would recover more value for the company’s customers than his team could get from simply liquidating assets or selling the platform. FTX’s native token FTT surged nearly 30% after the report.

FTX SCANDAL: Who is John J. Ray III?

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Filed under: "Advisors Only", Accounting, Alerts Sign-Up, Events-Planner, Investing | Tagged: Allstate, Asian stocks, DJIA, Federal Reserve, FOMC, FTX, Greg Peters, inflation, job growth, jobless, jobless claims, jobs report, John Ray, NASDAQ, Netflix, Procter & Gamble, Reed Hastings, S&P 500, Ted Sarandos, Treasury yields, unemployment, unemployment benefits | Leave a comment »

DAILY UPDATE: Unemployment Up, Amazon Down as Markets Quiet

Posted on December 30, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ending December 24th, the Labor Department reported, in line with the median estimate among economists polled by Reuters. Meanwhile, the number of people receiving benefits after an initial week of aid rose 41,000 to 1.710 million in the week ending December, 17th, 2022.

CITE: https://www.r2library.com/Resource/Title/082610254

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Meanwhile, Amazon stock closed the December 22 trading session at $83.79, which represents a 49.7% drop compared to December 31, 2021. This is the lowest closing level for the Amazon stock since March 12, 2019. Basically, the group, founded by Jeff Bezos, has completely erased all the gains during the two years when strict restrictions were put in place to limit the spread of COVID-19. It closed today at $84.18.

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Finally, U.S. stocks rose sharply, ending a two-session losing streak, though trading volumes remain subdued in the final days of the year. The heavyweight Information Technology sector led the rally, rebounding from a recent drop that has weighed on the markets this week. The equity front continued to offer little in terms of headlines, though shares of Cal-Maine Foods fell after the company missed earnings estimates.

The economic calendar introduced labor data, as jobless claims ticked slightly higher compared to the prior week.

Treasury yields were mixed, the U.S. dollar dropped, crude oil prices were lower, and gold traded higher.

Asian stocks finished mostly lower after yesterday’s downturn in the U.S., while markets in Europe were higher despite uncertainty regarding the ultimate global impact of aggressive monetary policy tightening across the world.

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Filed under: "Advisors Only", Career Development, iMBA, Inc., Investing, LifeStyle | Tagged: Amazon, Amazon Down, Amazon Down and Markets Quiet, DAILY UPDATE: Unemployment Up, markets, nemployment Up, unemployment | 1 Comment »

Great Depression versus Great Recession [A Voting Opinion Poll]

Posted on June 15, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

Yesterday versus Today?

The Great Depression is often compared to the 2001-08 Great Recession. There are some interesting facts when comparing the Great Depression to the Great Recession. It may even be considered scary when laid out directly in front of you.

The cause of the Great Depression was because people were borrowing too much money, unlike the Great Recession where the banks were lending too much money irresponsibly. Don’t forget that what was once a recession turned into the Great Depression because of unemployment rates reaching 25%, bank failures covering half of all banks, and more.

Both Roosevelt and Obama have used “wall street bankers” as a scapegoat.

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View more interesting facts about the Great Depression and Recession by viewing this infographic presented by Payday Loan.

Assessment

Do you think we are going into another Great Depression in 2022?

Voting POLL: What are the Prospects for US Recession? [A Voting and Opinion Poll]

Conclusion

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Filed under: "Advisors Only", Experts Invited, Financial Planning, Glossary Terms, Voting Polls | Tagged: bank failures, David E. Marcinko, Great Depression versus Great Recession, unemployment, Wall Street | 20 Comments »

UPDATE: Markets, Economy and the Pandemic

Posted on January 20, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

BY STAFF REPORTERS

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Stock Markets: The NASDAQ made it official, closing in correction territory yesterday (meaning a 10% drop from a recent high). Meanwhile, Microsoft’s massive deal to acquire Activision Blizzard rippled across markets: Gaming company Take-Two Interactive got a bump (perhaps because it, too, could be a takeover target), while Microsoft rival Sony plunged nearly 13% in Tokyo trading.

CITE: https://www.r2library.com/Resource/Title/082610254

Economy: President Biden has overseen a historic recovery in the labor market, where the unemployment rate has plunged to 3.9% from a pandemic high of 14.8%. The problem is there is currently too much money chasing too few goods. Inflation hit its highest rate since 1982 in December, while wages haven’t kept up with price growth.

Covid: The pandemic continues to rage despite the availability of vaccines. More people died of Covid in the US in 2021 than in 2020. Getting Americans vaccinated has proven to be a major challenge. President Biden’s vaccine mandate on large employers was blocked by the Supreme Court, and only 63.8% of Americans are fully vaccinated putting it behind virtually all of its wealthy peers.

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Filed under: Alerts Sign-Up, Glossary Terms, Health Economics, Investing, LifeStyle | Tagged: Activision Blizzard, bear market, corona, market correction, microsoft, NASDAQ, Sony, unemployment | Leave a comment »

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DAILY UPDATE: Payroll Jobs and Longevity Up

EMPLOYEE LAYOFFS: A Different Type of Holiday “Window Dressing”

JOBS: 225,000+ as Unemployment Falls

US Unemployment Benefits Fall

DAILY UPDATE: Unemployment Up, Amazon Down as Markets Quiet

Great Depression versus Great Recession [A Voting Opinion Poll]

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