A couple of things struck me about today’s jobs report. One was the regularity of the straight line trend in non farm payrolls. I mean,…
Today’s report on first time unemployment claims was a nothing-burger. It was a worse report than usual for this week of the year, but the…
One of the off-the-wall theories that I have espoused lately is that rather than slowing because of the winter weather, the US economy is actually beginning to overheat as it enters the final stages of a free money boom that has benefitted the few at the expense of the many.
The US economy is a big lumbering behemoth consisting of hundreds of millions of actors and billions of transactions every day. It has a life of its own, an inertia against which all of the Fed’s policy manipulations are insanely meaningless.
Here’s a brief review of the charts from a few of last week’s economic data releases. JOLTS The Labor Department’s Job Openings and Labor Turnover…
Misleading Employment Data Can Still Sometimes Lead To Correct Conclusion Yes, we know that the nonfarm payrolls headline number for January was wrong, but those…
Nonfarm Payrolls Bogus Data The nonfarm payrolls headline number for January was hogwash, thanks to a defective seasonal adjustment (SA) factor. Here’s how the Wall…
The headline number for seasonally finagled initial unemployment claims for the week ended February 1 were about where Wall Street economists expected. The actual numbers…
The National Association of Realtors (NAR) Pending Home Sales Index (PHSI) number for December fell by 8.7%, crushing clueless Wall Street economists whose consensus guess…
Initial unemployment claims for the week ended January 25 were worse than Wall Street economists expected based on the seasonally adjusted headline number. The actual…
