Economics

Four Mind Blowing Charts That Show US Jobs Market Ain’t Nothing But A Hound Dog

Hires to Job Openings Ratio- May - Click to enlarge

Janet Yellen’s reputed favorite jobs measure, the JOLTS (Job Openings and Labor Turnover Survey) reported blockbuster record job openings in May. But look beneath the headlines and you will see just how distorted and maladjusted the US job market is. Wall Street economic shills and Fed propagandists have recently been claiming that a tightening job market is driving…

Initial Claims Illustrate Fed Dependency on Undependable, Ignorable Data

Initial Claims and Annual Rate of Change- Click to enlarge

The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 271,000. The Wall Street economist crowd consensus guess was right on the money. That happens on occasion. Instead of the seasonally manipulated headline number expectations game, we focus on the actual trend of the actual data. Facts and reality are much more useful…

Here’s Why WSJ New Home Sales Headline Is Technically Correct But Still Misleading- It’s Still A Depression

New Home Sales By Region- Click to enlarge

The Wall Street Journal is Rupert Murdoch’s PR organ for his Move Inc. subsidiary, which provides marketing services Realtors. The Journal put out a PR release yesterday that,” U.S. New-Home Sales Rise to 7-Year High.” While technically correct, it is nevertheless misleading, tainted by the paper’s tilt toward bullish pronouncements on housing, thanks to Move Inc.’s main client being the…

Wall Street Journal Prints Housing Whoppers As The Housing Industry PR Firm It Actually Is

NARsales

Rupert Murdoch’s News Corp. owns the Wall Street Journal and the housing marketing service Move Inc. Move Inc.’s main client is the National Association of Realtors. In sisterhood with Move, the newspaper is prone to printing outright, bald-faced lies about the state of the housing market in the US, whenever it thinks it can get away with it.…