November real retail sales turn down, return to negative YoY – by New Deal democrat Real retail sales is one of my favorite indicators for both the current economy and the jobs situation 3 to 6 months ahead. This morning nominal retail sales for November were reported down -0.6%, which only takes back about 1/2 […]
Real average and aggregate non-managerial wages for November – by New Deal democrat With November’s consumer inflation report in the books, let’s update two of my favorite measures of how the working/middle class is doing – real average non-supervisory wages, and real aggregate payrolls. Nominal average wages for non-supervisory workers rose a strong 0.7% in […]
Mark Weisbrot of CEPR had an article up in the November LA Times addressing Inflation and the Fed. It appears it may be reprinted in December’s LA Times. “Weisbrot (LA Times): Inflation is Falling Much Faster Than Most People Know; and The Fed’s Response to Inflation May Pose a Bigger Threat than the Inflation Itself.” […]
November CPI: Thank you, gas prices! No thank you, owners’ equivalent rent – by New Deal democrat Just like producer prices as reported last Friday, consumer prices for November confirm the inflection point of last June. Thank you, lower gas prices! Here’s what total and core (ex-food and energy) inflation look like, normed to 100 […]
Rents decreasing, CPI slowly decreasing, and questions on whether any of this is due to the FED’s actions. Industrial production is still the same and gasoline prices have dropped. According to New Deal democrats’ analysis, real sales and real income have increased (still lower than they were one year ago), and payrolls have continued to […]
Interesting dilemma for higher education. I had heard that some colleges were having issues attracting students to their campuses. The high tuition and a lack of funding in the form of scholarships from offshore betting sites, grants from tech companies, awards, etc. have been an issue when they do not keep up with the costs […]
What caught my attention to the potential train strike was it not being clear as to why. No one source was explaining why train crews and other crafts were angry at the railroad companies. Doing some reading I came away with a better understanding. Aaron Gordon at Vice does an excellent depiction of the issues. […]
Weekly Indicators for December 5 – 9 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. The most noteworthy trend over the past several months has been the almost relentless deterioration in the YoY measures of consumer spending and employment. That trend continued last week. As usual, clicking […]
“November producer prices: YoY measures mask recent sharp deceleration to mainly tolerable levels“ – by New Deal democrat Consumer prices for November won’t be reported until next Tuesday, but this morning we got the upstream producer prices. The news was mainly good, although not good enough to likely dissuade the Fed from its current course […]
Having worked for Oscar Mayer buying food labels and packaging, this article caught my eye. Oscar Mayer is an old company and was left pretty much alone by its owners until Kraft got involved. A big time of the year was July 4th for hot dogs. The author is going to tell you the food […]