Tag Archive for Employment Growth

Adler Comments on St. Louis Fed’s Bulltard’s U.S. Monetary Policy, Housing Bubble Views

I have annotated the press release’s key comments including the bold highlighting of certain sections. Press Release- Federal Reserve Bank of St. Louis ST. LOUIS – Federal Reserve Bank of St. Louis President James Bulltard discussed “The Aftermath of the Housing Bubble” on Tuesday during an event jointly hosted by the Bipartisan Policy Center’s Housing…

Blockbuster Full Time Employment Growth, But An Intractable Long Term Crisis

Over the past week you have heard, read, and seen all kinds of noise about the government’s employment report. I even supplied some of that noise. We’ve seen all kinds of analyses explaining why the data was worse than expected, or better than it looked, etc. To the casual observer, it’s all very confusing. That’s…

Home Sales Contracts Better than Media, NAR report

The mainstream financial media is widely misreporting the NAR’s Pending Home Sales data this morning, simply parroting the NAR’s seasonally manipulated data. As it turns out, the NAR is screwing its own pooch because the actual, not manipulated data is actually much better than the seasonally smoothed numbers imply. That’s not to say sales are…

Weak Employment Growth Should Not Have Surprised

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 catastrophe that the market’s reaction made it seem. The problem was that economists’ expectations were misguided, partly as a result of their focus on seasonally adjusted fictitious data which in…