PG has a gloomy picture of seasonal hiring; based mostly it seems on some national punditry. Never fear, regional seasonal trends in retail employment look awfully metronomic (see below). Seasonal spikes of between 6 and 9K jobs spikes from September to December are pretty consistent, even during the worst of the recession here a . . . → Read More: Holiday Blues
On 25 October, Dr. Subbarao announced a 25 basis point hike in the policy rate. Alongside this, he made statements that were widely interpreted as being dovish:
Keeping in view the domestic demand-supply balance, the global trends in commodity prices and the likely demand scenario, the baseline projection for WPI inflation for March 2012 . . . → Read More: Are the inflationary fires subsiding?
Joel Poindexter oversimplifies immigrant labor:
The only significant impact that immigrants have on the labor market is to increase the supply of labor, which tends to put downward pressure on wages. Everything else equal, the only way an immigrant will be hired over a native worker is if he is willing to accept lower . . . → Read More: Cheap Labor Is Not The Solution
At 3:00 PM Eastern time, the Consumer Credit report for September will be released. The consensus estimate is that there will be an increase of $5.0 billion in the consumer credit available in September, after a decrease of $9.5 billion in the previous month.
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