Economics

Here’s Why Record Low Jobless Claims And Other Data Will Push Fed To Attempt Earlier Rate Jack

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 267,000. The Wall Street economist crowd consensus guess was a little too high at 276,000, a non material difference. We have no interest in the seasonally manipulated headline number expectations game. Instead we focus on the actual trend of the actual data. Facts and…

Jobless Claims Off The Charts as Bubble Sectors Hoard Workers

Initial Claims Inverted and Stock Prices- Click to enlarge

The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 276,000. The Wall Street economist crowd consensus guess was 280,000. Rather than play the expectations game on the seasonally manipulated headline number, we focus on the actual trend based on the actual data. Actual claims were 230,055, which is another record low…

Construction Spending Really Bad, But With Good Reason

Real Construction Spending- Click to enlarge

According to Bloomberg, “Construction spending increased by 2.2 percent in April, the Census Bureau reported, more than the 0.8 percent gain expected by economists surveyed by Bloomberg.” That “positive surprise” was good for a rally in stocks and a selloff in Treasuries. Wall Street’s bull strategists were braying about it. Do bulls bray, or is that…

Jobless Claims Stay At Bubble Record Pace

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 282,000 on Thursday. The Wall Street economist crowd consensus guess was 274,000. We’re not interested in the expectations game. Instead, we focus on the actual trend. Actual claims were 251,435, which is another record low for the week. The actual weekly…