Economics

Fed Fails To Stimulate Jobs, Declares Victory and Pulls Out

Full Time Jobs Still Near Rock Bottom - Click to enlarge

The seasonally finagled headline number for nonfarm payrolls for May increased 217,000. The consensus expectation of Wall Street conomists was for a gain of 220,000. This report was not too hot, not too cold but j-u-u-u-st right! The market loved it. The seasonally adjusted monthly gain equated to an annualized gain of roughly 2.6 million or 1.9%. Actual, not…

First Time Unemployment Claims Remain At Record Lows – Is Implosion Next?

New Claims Per Million Workers - Click to enlarge

The headline number for initial unemployment claims was 312,000. The consensus guess of Wall Street conomists was 310,000. They’re so clever. That was the same number they guessed last week. The headline number is seasonally adjusted, therefore fictional. It may or may not give an accurate impression of reality, depending on the week. The current seasonally adjusted…

What Religion is Your ISM? FLASH- OPERATOR SAYS YOU HAVE DIALED THE WRONG NUMBER- DIAL AGAIN

ISM New Orders Revised- Click to enlarge

BULLETIN! ISM REPORTS THAT IT APPLIED THE WRONG SEASONAL ADJUSTMENT FACTOR TO MAY DATA. TOTAL SA FAKE NUMBER SHOULD BE 56, NOT 53.2. REAL NUMBER, WHICH IS NEVER REPORTED, IS CORRECT. BUT THAT’S FOR YOU TO FIGURE OUT.  The headline, seasonally adjusted (ugh) ISM index of manufacturing in the US came in at 53.2 for…

Initial Claims At Record Lows Signal Economy Stretched To The Limit

New Claims Per Million Workers - Click to enlarge

The headline number for initial unemployment claims was 300,000, soundly trouncing the consensus guess of Wall Street conomists of 318,000. The headline number is seasonally adjusted, therefore fictional. It may or may not give an accurate impression of reality, depending on the week. According to the Department of Labor, “The advance number of actual initial claims…