– by New Deal democrat Among the economic data that is not being reported due to the federal government shutdown are initial and continuing jobless claims. Which, as I pointed out last week, is interesting because they were reported during the lengthy 2013 shutdown and for at least part of the 2018-19 shutdown. But both […]

 – by New Deal democrat We are well into our data blackout, as no federal economic data whatsoever was released this week. Even sites that functioned in previous shutdowns, such as the Treasury Department’s “Daily Treasury Statement,” have been taken offline. This is simply not the way a functioning country works. So let me conclude this […]

– by New Deal democrat I rarely comment on the financial markets directly, since my focus in on the economy and how it impacts ordinary working and middle class Americans, especially in the near future. But in some cases, the financial markets themselves play an important role in that picture. And this is one of those […]

– by New Deal democrat I concluded my post yesterday with the conclusion that “while housing and trucking are plainly recessionary, the broader manufacturing orders outlook and consumer purchases of vehicles are not.”  Today I want to expand on that by taking a broader look at the main coincident measures of expansion vs. recession, and focus […]

 – by New Deal democrat The typical post-jobs report lull in the data is amplified this month (of course) by the fact that there was no jobs report this month! If there is a tiny silver lining beginning to appear, it is that the Administration is making noises about reinstating the health care subsidies that has […]

I can not drop the f-bomb here as it would not be looked at kindly by most. It is no surprise to me, New Deal democrat doing additional work to present on his site and at Angry Bear. We are and I am very fortunate to have New Deal democrat presenting his data at Angy […]

 – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. All of the high frequency data that I gather in those posts comes from the Fed or its regional banks, the States, or private firms. That means it is almost completely unaffected by the federal government shutdown, and can be continually updated for […]

– by New Deal democrat As we all know by now, there is no US jobs report today due to the government shutdown. But there are a number of alternative measures which can give us a good estimate of what the jobs situation is. Let me start first with the unemployment rate. Here is an […]

 – by New Deal democrat Oddly, even though the government shutdown has crippled most reporting, the Census Bureau did update the durable goods report for August today, and it does reveal an essential bifurcation in the state of the economy. First, here are the topline leading indicators: total durable goods orders (blue), core capital goods orders […]

 – by New Deal democrat It’s Thursday, which typically means it’s time for the weekly initial and continuing jobless claims update. As we all know, the Federal government has shut down, because there is no budget for this fiscal year that began yesterday. BUT, I went back and checked, and during the extended government shutdown in […]