article thumbnail

Monthly NFPs Are Rounding Errors

The Big Picture

That is a significant number to recall whenever people posit we either are in, or just were in, or are about to tumble into a recession. but most months, the specific number is more or less a rounding error. It was that 157.087 million people are employed full-time in the United States.1 This is not a popular opinion.

Numbers 264
article thumbnail

The Great Resignation Is Long Over

The Big Picture

Consider these columns going back to 2013 pointing out the foolishness of tax-payer subsidized corporate welfare queens (2013), and why median wages were rising ( 2016 , 2017 , 2018 , 2018 , 2019 ). By any measure, we still have an enormous number of unfilled positions. Then came the pandemic, and a huge federal worker subsidy.

Medicine 331
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FDIC: Number of Problem Banks Increased in Q1 2024

Calculated Risk

percent is now at its highest level since fourth quarter 2013, driven by office portfolios at the largest banks. From the FDIC: The number of banks on the FDIC’s “Problem Bank List” increased from 52 to 63. This graph from the FDIC shows the number of problem banks and assets at problem institutions. Problem banks represent 1.4

Numbers 124
article thumbnail

Americonned

The Big Picture

To put it in numbers: Their share has gone from about 23% to about 32%. Previously : America’s Corporate Welfare Queens (November 13, 2013) Minimum Wage Increases Do Not Destroy Jobs (January 24, 2019) Generational Reset of Minimum Wage (November 30, 2021) Wages in America The post Americonned appeared first on The Big Picture.

Numbers 334
article thumbnail

Wealth Inequality Starts at the Top

The Big Picture

I suspect most people don’t have any idea about these numbers, and imagine the various starts to be closer together in dollar amounts than they actually are. The top 0.01% of US households had at least $111 million in net worth in 2012, compared to $4 million for the 1 %.

article thumbnail

Change Your Perspective

The Big Picture

Essentially, monthly Non-Farm Payrolls is the net difference between these two groups: The actual number is far smaller and less significant than gets played most publicly. The monthly number ( May 2023 = 339,000) is a tenth or so of the ~1.5% of the 159m total.

Numbers 312
article thumbnail

Surprise! California’s 40 Qs of Rising Minimum Wage & Fast Food Industry Growth (Beating USA)

The Big Picture

@TBPInvictus here Our story so far : California has been raising its minimum wage for the past decade, starting at $8/hour through 2013. To prove their point, a number of friendly commentators, academics, and hired guns all wrote endless white papers, Op-Eds and commentaries. Our story began with a Wall St.

Food 260