“No Unauthorized Spending: The U.S. Constitution dictates that no money can be drawn from the Treasury except through an act of appropriation. Without a funded budget, paying wages is unconstitutional.” “Office Hours: How Do We Deal with the Inevitable Loss of Good Jobs to AI?” Anthropic — the artificial intelligence company behind the chatbot Claude […]
– by New Deal democrat We are – maybe! – finally seeing some of the unresolved post-pandemic seasonality reasserting itself as to initial jobless claims. For the record, initial claims rose 13,000 to 225,000 last week, the highest number since early February. The four week average rose 6,500 to 214,750. With the typical one week delay, […]
In a Nut Shell? The title tells it all as to what is occurring when looking at the Household Employment release. Civilian Labor force for May increased by 83,000 over April while Not in Labor Force went up by 17,000. Unemployed dropped by 66,000. Unemployment Rate remained at 4.3%. Participation Rate remained the same at […]
– by New Deal democrat The economically weighted ISM manufacturing + services indexes have become one of my favorite datapoints. That’s in part because the former has a nearly 80 year history of being a solid leading indicator, although somewhat attenuated since the start of the Millennium. But the latter now also has a long […]
Does raising the minimum wage increase unemployment? An increase in the minimum wage can motivate more people to enter the labor market because they will earn more money. Some promote, an increase in the minimum wage increases firms’ costs. Also, the quantity of labor demanded decreases (firms hire fewer workers). From my point of view […]
– by New Deal democrat The JOLTS report is low on my list of useful tools, but it does break down the labor market further than the jobs report, and it does have several slightly leading components, so let’s take a look at the latest report, which is for April. Below are job openings (blue), […]
“The Velvet Rope in the Cell Block, The Bare Minimum Is a Dangerous Place, & Back to Reset,” Kareem Takes on the News “‘Disgusting’ Details Leak from Ghislaine Maxwell Emails,” (Daily Beast) Summary: A former federal prison employee has publicly described what she calls “disgusting” preferential treatment given to convicted sex trafficker Ghislaine Maxwell at […]
Letters from an American – Lake Conemaugh – by Heather Cox Richardson May 30, 2026 Life was good in 1889 for the more than fifty wealthy industrialists who belonged to Pennsylvania’s South Fork Fishing and Hunting Club. Most of the men had made their fortunes in nearby Pittsburgh in the heady years after the Civil […]
Rather than celebrate 250 years of the United States existence by itself, our leader once again makes it about himself and what he wants. People are abandoning the celebration as it has taken ona partisan look rather than a free nation of citizens. Daddy did not do Trump any favors, In a Birthday Fit for […]
It has been a bit since I have placed anything on Angry Bear, I felt it was time to catch up with anything going on with railroading. Apparently, there is a big push for the UP and Norfolk to merge. The merger would create the first transcontinental railroad from the East Coast to the West […]