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Home / Alhambra Investment Partners / Eurodollar University’s Making Sense; Episode 63; Part 3: To (be)Labor This Again

Eurodollar University’s Making Sense; Episode 63; Part 3: To (be)Labor This Again

Summary:
63.3 Why You Should Not Be Happy with 6% Unemployment———Part 3 Summary———America’s unemployment rate is a miraculously low 6% – a remarkable achievement. But behind the headlines is the sad fact that labor force participation is awful. ———See It———– Twitter: https://twitter.com/JeffSnider_AIPTwitter: https://twitter.com/EmilKalinowskiAlhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisLArt: https://davidparkins.com/ ———Hear It———

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63.3 Why You Should Not Be Happy with 6% Unemployment

———Part 3 Summary———
America’s unemployment rate is a miraculously low 6% – a remarkable achievement. But behind the headlines is the sad fact that labor force participation is awful.

———See It———–

Twitter: https://twitter.com/JeffSnider_AIP
Twitter: https://twitter.com/EmilKalinowski
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
Art: https://davidparkins.com/

———Hear It———

Vurbl: https://bit.ly/3rq4dPn
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iHeart: https://ihr.fm/31jq7cI
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Google: https://bit.ly/3e2Z48M
Spotify: https://spoti.fi/3arP8mY
Pandora: https://pdora.co/2GQL3Qg
Breaker: https://bit.ly/2CpHAFO
Castbox: https://bit.ly/3fJR5xQ
Podbean: https://bit.ly/2QpaDgh
Stitcher: https://bit.ly/2C1M1GB
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PodcastAddict: https://bit.ly/2V39Xjr

———Ep 63.3 Topics———

00:05 The US March 2021 payroll report delivered great headline news, beating expectations too
02:05 Behind the headline good news is unquestionably bad news: the labor force participation
03:56 The official US unemployment rate of 6.0% is very good! But what about the unofficial?
07:24 The U-6 rate of marginally attached and part-time for unemployment is 10.7%
10:18 Including all respondents that want a job and unwanted part-time employed 13.4%
13:22 Labor Force Participation today is at 61.5%, short of 2018-19, 2006 or 2000 participation
16:19 Might the labor force slack be as large as 20 million?

———Ep 63.3 References———

Reopening 2: https://bit.ly/3s0w9sk
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7

———Who———

Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by David Parkins.

 


Jeffrey P. Snider
As Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheads the investment research efforts while providing close contact to Alhambra’s client base. His company is a global investment adviser, hence potential Swiss clients should not hesitate to contact AIP

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