Robert Klemkosky

The U.S. Labor Department announced job growth of 215,000 for March in line with expectations. Given a working-age population of over 200 million, it doesn’t seem to be a significant number of jobs. But 215,000 new jobs are the net increase of many moving parts. Annually, the U.S. creates a little less than 13 million […]

In June 2015, employers added 223,000 jobs and the unemployment rate fell from 5.5 percent to 5.3 percent — the lowest rate since April 2008. In July, employers added another 215,000 jobs, but the unemployment rate stayed at 5.3 percent. Why would adding about the same number of jobs lower the unemployment in June but […]

Remember the dot.com era in the U.S., especially 1999 to March 2000? Technology stocks ruled, valuations were outrageous, the economy was entering a new paradigm and “this time is different” justified prices. The Chinese markets have experienced the same hyperbolic price increases in the last 12 months.