Global Current Issues and Trends: August 2019
Total non-farm payroll employment increased in July by 164,000. June and May totals were revised downward by 41,000. After these revisions job gains have averaged 140,000 per month over the past 3 months. The US government shutdown caused temporary layoffs of the 800,000 federal employees, contractors and service businesses affected by the shutdown. July unemployment rate was unchanged at 3.7%. Unemployed persons in July were 6.1 million. In 2018 the economy continued the rate of 2016 job gains which totaled 2.2 million. Markets headed higher with ever more indexes, ETFs and largely due to computerized algorithmic and high-frequency trading, overcoming fears of global slowdown, trade wars and US fed policy on further interest rates. The US economy is now jeopardized as Trump’s tariff wars escalate further and global markets weaken or threats trigger further reprisals.
Trump’s administration widened the ...
The Global Boom in New Indicators
The perennial debate over whether income is a good measure of development continues. Today there is wide agreement that many other measures besides per-capita income are needed for measuring overall progress, from health and education to environmental quality as GlobeScan Surveys show, first by Ethical Markets Media in conjunction with the European Parliament’s Beyond GDP conference November 2007, by Ethical Markets in 2010 and by Ethical Markets with the ICAEW and Tomorrow’s Company in 2013 (www.Globescan.com and www.beyond-gdp.eu). The European Commissions’ Conference Beyond GDP in November, 2007, shows a new level of official interest. Britain’s New Economics Foundation released its Happy Planet Index following all the publicity around Bhutan’s efforts to measure Gross National Happiness (GNH) in that Buddhist ...