Economics

Tons of Jobs That Nobody Wants or Can Fill – US Ratio of Hiring to Job Openings Hits Record Low

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US businesses want to hire millions of workers. The only problem is that those businesses don’t want to pay those workers enough to entice them off their parents’ sofas. So the jobs listings grow, and mainstream media clowns like Joe (@TheStaleWort) Weisenthal go crazy over the numbers. This Bloomberg cartoon shows how far US financial “journalism” has…

Employers Hoard Workers In Bubble Like Behavior

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 278,000. The Wall Street conomist consensus guess was 290,000. Rather than playing the expectations game, our interest is in the actual, unmanipulated data. Analyzing that is the only way to be sure that you are seeing what’s really going on.…

Is The FOMC Deliberately Misleading Us or Just Stupid, and The LTRO BLOCKBUSTER!

The Fed said something in its statement that had me dumbfounded. Here’s what’s terribly wrong with the Fed’s thinking, along with BLOCKBUSTER news from the ECB that you will only see here, because the mainstream media only reports what everyone else pays attention to and not what’s actually important. I also give you a market look ahead with a…

Initial Claims Show The Healthiest Jobs Market in History, Or Maybe Not

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 265,000, which blew out the Wall Street conomist crowd consensus guess of 301,000. The pundits had shaved 1,000 off  their guess after missing on the low side last week. My, my! Such pessimists! But my interest is not in the silly expectations game…

Here’s a Picture of The Single Family Housing Recovery- Holy Cow!

Single Family Housing Recovery- Click to enlarge

Here’s a brief comment from leading analyst on the new home sales news. http://capitalstool.com/music/holycow.wav In case you’re wondering, the seasonally adjusted (SA) headline, larger than expected gain, was due to calendar factors and the bogus drill of annualizing monthly SA data, which merely magnifies the monthly error times 12. But hey, who thinks about that!…

Initial Unemployment Claims Plunge, Remain Near Record Bubble Levels

Claims and Stock Prices? Click to enlarge

The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 307,000, which was just a bit more than the Wall Street conomist crowd consensus guess of 302,000. The pundits had upped their guesses after missing on the low side last week. This was a virtual bullseye in the game of pin the tail…