August JOLTS report: a pause in deceleration, but the trend remains intact – by New Deal democrat Last month I concluded my post on the July JOLTS report’s sharp declines by noting that “None of these statistics move in a straight line, so it would be a mistake to project this report’s relatively big moves […]
You know that Hungarian woman who shared this year’s Nobel in Physiology or Medicine? She struggled to get and keep an academic career. Eventually, she was pushed out of her lab at Penn. “That morning at the lab, Karikó’s old boss had come to see her off. She did not tell him what a terrible […]
Manufacturing and construction have the most positive reports all year – by New Deal democrat As usual, the monthly data starts out with reports on the two most important production sectors of the economy, namely manufacturing (for September) and construction (for August). For a change, the news was mainly positive. Let’s start with manufacturing. The […]
Weekly Indicators for September 25 – 29 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Interest rates continued to head higher, with mortgage rates briefly going over 7.5%. With the long leading indicators having worsened, With the decline in commodity (including gas) prices over, I am looking for […]
It appears Postmaster General Louis DeJoy is well on his way to implementing his modernization vision of the future US Post Office. The is not going to be pretty. If even half of the claims made by Steve Hutchins and Mark Jamison are true, the nation will suffer a loss which will be impossible to […]
For less than $1 thousand a pop, Ukrainians are taking out Russian tanks costing $3 million. For less than $300 thousand a pop, they are taking out Russian warships costing $ billions. Ukraine is doing these things with homemade cardboard drones, store-bought drones, and their roll-your-own mostly-submerged drones. Ukraine’s TLK-150 and TLK-400 submersible drones with […]
The New Yorker has an interesting article by Manvir Singh about fad diets, with a focus on all-animal diet as ostensibly the diet best suited to our species. A character who brands himself “The Liver King” specifically endorses grassfed beef liver. The paleo diet industry insists that humans evolved to kill animals and devour their […]
Initial jobless claims remain higher on a YoY basis, but do not suggest near term recession – by New Deal democrat Initial jobless claims rose 2,000 last week to 211,000. The 4 week moving average declined -6,250 to 211,000. With a one week lag, continuing claims rose 42,000 to 1.670 million: Although this appears very […]
Before you start to question my titling of this commentary. Women are very much in the minority in this field. There is a forecast of greater job opportunities in this field due to EVs, etc. Read on and we can talk some. By 2030, there Will Be a 30% Shortage of Electricians as reported by […]
Why the public still views inflation as a major problem, despite the official numbers – by New Deal democrat This is the topic I indicated last week I wanted to write about more at length. Paul Krugman wrote last week about the disconnect between most economists, who see inflation declining, and voters, who still see […]