Slowly, over the last year, it’s begun to dawn on us: The economic recovery isn’t really making a dent in unemployment. The public knew this much earlier than economists or pundits did, and as for politic…
Wednesday, June 15, 2011
Misc: Empire State Survey indicates contraction, Inflation rate lower, French Bank Rating Reviewed
by CalculatedRisk on 6/15/2011 08:30:00 AM
• From the NY Fed: Empire State Manufacturing Survey
The Empire State Manufact…
The market was disappointed with Friday’s employment data. But actual total employment, as opposed to the widely reported seasonally adjusted numbers, was nowhere near the…
With the May non-farm payroll report coming out Friday morning, the market’s focus remains on the labor market. And we got a less-than-reassuring glimpse of the jobs picture through the weaker-than-expected report this morning from payroll processor…
May 13, 2011 monthly update
Note from dshort: The charts below have been updated to include the May Consumer Price Index news release, for the April data. The Fed justified the current round of quantitative easing “to promote a stronger pace of …
The Fed likes to strip out the prices of things that are rising in price when it measures inflation, focusing on the “core rate”, rather…
Total nonfarm payrolls fell by 2.9 million in January from December. These are the actual numbers, not the Bureau of Liar Statistics seasonal fudge pack…
Total nonfarm payrolls fell by 2.9 million in January from December. These are the actual numbers, not the Bureau of Liar Statistics seasonal fudge pack which usually obscure the truth, or completely mislead. In order to reveal how the current numbers …
The month to date tax receipts for the full month of February are out. Withholding taxes were down 2.3% year to year. That’s a big…
The BLS announced its estimate for June new home sales today, and the results were much ballyhooed as more evidence of green shoots. To me…