Relevant and even prescient commentary on news, politics and the economy.

An excellent headline jobs number may mask unresolved seasonality, while unemployment weakness “stuck” at a higher level

An excellent headline jobs number may mask unresolved seasonality, while unemployment weakness “stuck” at a higher level  – by New Deal democrat As per my reporting earlier this week, my focus this month was on whether wage and jobs growth continue to decelerate, and whether the unemployment rate would remain “sticky” at its higher, 3.8%, […]

The semaglutide revolution?

I saw an article online yesterday that claimed that over 1% of Americans are using semaglutides for weight loss. Since these drugs suppress appetite, the article was about the possible impact on food retail. Since global warming promises to destroy a lot of arable land on the planet, as well as ocean fisheries, reducing food […]

A Boy’s Love Affair with Tonka Trucks

No that is not the real story here today. It does give a perspective on why so many too big, too fast, and too often vehicles are eating up limited supplies of gasoline and oil. However, what is being missed is we are not buying more oil for the Strategic Oil Reserve. Although, I am […]

Very strong initial jobless claims probably the result of unresolved post-pandemic seasonality

Very strong initial jobless claims probably the result of unresolved post-pandemic seasonality  –  by New Deal democrat It continues to be reasonably clear that there is some unresolved post-pandemic seasonality in initial jobless claims, which nose-dived last September and rebounded during October. So far the same pattern is evident this year. To wit, initial claims […]

Dog Bites Man

New York Times political reporter focuses on a minor issue involving Democrats and not the utter collapse and insanity of the Republican party. One might think that the story of leading candidate Donald Trump casually revealing top secret information was worth further discussion aside from the article printed on page A3. One might imagine that […]

Nobel Prize in medicine awarded to scientists who laid foundation for messenger RNA

A follow up to Joel Eissenberg’s commentary on mRNA and how it came to be at BioNTech. This seemed interesting enough to add another post on mRNA discovery. Some more detail . . . Nobel Prize in medicine awarded to scientists who laid foundation for messenger RNA vaccines (msn.com), Carolyn Y. Johnson The Nobel Prize […]

There should be universal free LARC

LARC (Long Activer Reversible Contraceptives) are highly effective. It seems to me past time for the US Federal Government to pay for contraceptives (all types not just the device of pharmaceutical but also cost of care from the prescribing physician if required) for everyone who wants them (including Elon Musk if he changes his mind […]

The current economic “big picture”: by no means are we out of the woods

The current economic “big picture”: by no means are we out of the woods  – by New Deal democrat There is no particularly important economic news out today, so let me take this opportunity to step back and give you more of a “big picture” view of my current thinking. To the extent there is […]

Open Thread October 5, 2023 – 75,000 Kaiser Permanente workers Strike

Wednesday (October 4, 2023) found more than 75,000 union employees of Kaiser Permanente, one of the nation’s largest not-for-profit health providers, walked off the job, marking the largest health care worker strike in US history. Kaiser Permanente unionized health care workers go on strike across dozens of locations, cnn.com, Samantha Delouya. Open Thread – NPs and […]

August JOLTS report: a pause in deceleration, but the trend remains intact

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 […]