Jobless claims make another record low One reason not to get excited about the last week’s stock market swoon is that it isn’t being confirmed by any other short term leading indicators. Most significantly, jobless claims. The 4 week moving average of new jobless claims has fallen below 225,000. This is yet another 40 year […]
Hat tip Linda Beale contact forwards this Propublica job tracker post: What Happened to All the Jobs Trump Promised? President Trump has made many claims promising that individual companies such as Amazon, Alibaba and Boeing will hire large – and specific – numbers of American workers, a total of 2.4 million in all … We found that […]
The line in the movie The Sixth Sense, “I see dead people. They don’t know they’re dead.” Repubs; “I see Secret Societies, others do not know they exist. They are everywhere.” Daily Beast’s Rick Wilson; “The story was falling apart even before the Moron Caucus beclowned themselves with the ‘Secret Society’ meme (my addition), because […]
A comment about the markets for the average reader This is a post aimed at the generally Progressive audience of this blog who followed us over from way back in our days at Daily Kos, rather than the financially sophisticated audience who have picked us up since (but of course everybody is welcome to read […]
Why I’m not impressed by January’s 2.9% YoY wage growth I wanted to follow up on why I dissented Friday from the near-consensus take that workers finally got a nice raise, with many citing hikes in the minimum wage. As you may recall, the YoY% change in the average hourly earnings of all employees rose 2.9% […]
End Of The Obama-Yellen Economy For the past year the US has been essentially operating on an Obama-Yellen economy, at least as far as the big macroeconomic policies have been concerned in terms of fiscal and monetary policies. We saw basically a continuation of what had been seeing in previous years, steady growth with inflation […]
January jobs report: good headline growth, mostly negative internals. UPDATE: THE BOSSES GAVE THEMSELVES A RAISE HEADLINES: +200,000 jobs added U3 unemployment rate unchanged at 4.1% U6 underemployment rate rose 0.1% from 8.1% to 8.2% Here are the headlines on wages and the chronic heightened underemployment: Wages and participation rates Not in Labor Force, but […]
Kind of hard to ignore the blathering of a Republican jerk on the pay increase a school secretary will receive as a result of Trump/Republican tax break. Gosh darn, she can afford a Costco membership now! What an ass . . . He needs to go. Deleted by Ryan afterwards. Secretary was being sarcastic.
David Dayen at The Intercept points us to the latest on the Consumer Financial Protection Bureau: On Tuesday night, he (Trump)stood before the nation and boasted about the lowest unemployment rate on record for African-Americans. But just hours before his State of the Union address, his lieutenant and handpicked head of the Consumer Financial Protection Bureau, Mick Mulvaney, told […]