The Department of Labor attached a technical note to its weekly report on unemployment claims. The state of California has announced that it is suspending the processing of initial claims filed by (former) workers in that state. Government officials have decided to pause their efforts for two weeks so as to try and sort out […]
The jobs recovery in the U.S. appears to be slowing down, according to new data from the Bureau of Labor Statistics. Industries hit hard are finding it difficult to claw back to normalcy, even as reopening measures persist across the country. Many in t…
Overall jobs growth in the U.S. is slowly grinding to a halt, with September’s numbers from the Bureau of Labor Statistics highlighting a troubling trend that leaves over 10 million jobs still lost from April’s calamitous crash. The industry undoubtedl…
CUSIP: 912810SP4Term and Type: 29-Year 10-Month BondSeries: Bonds of August 2050Reopening: YesInterest Rate: 1.375%High Yield: 1.578%Price: $95.183187Allotted at High: 18.34%Total Tendered: $53,262,282,500Total Accepted: $23,643,373,500Auction Date: 10…
The status quo is about to discover that it can’t stop the hard rain or protect its fragile sandcastles.
EU27 and the U.S. deaths counts are now running above the levels at which Winter 2020 lockdowns were imposed
Tax collections have leveled off at a negative year to year rate. The Fed has gone to Congress begging for fiscal support for the US…
It sure feels as though the S&P is headed for the 3500 level again over the next few days. But the hourly chart of the ES fucutures shows that there are obstacles in the way.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
New jobs numbers for the month of September show a stagnating recovery in new jobs in the U.S. After a brief surge of new jobs following mass layoffs in April and May, some analysts are predicting long-term job shortages and permanent job losses for th…