Letters from an American Prof. Heather Cox Richardson Since the beginning of Prof. Heather Cox Richardson’s “Letters from an American,” I have been a subscriber. I like history reads combined with current political views. The Professor provides interesting pieces covering today’s events and the past. These are not snippets of conversational information; the pieces are […]
– by New Deal democrat The employment cost index, which was updated this morning through Q3, typically gets much less attention than the monthly payrolls report. But in this circumstance it is entitled to more notice, since the monthly data has only been posted through September as well. Additionally, one important advantange of the Employment Cost […]
– by New Deal democrat The good news is, we are back to the normal weekly jobless claims releases. The really good news is that this week’s number, except for one week in 2022, was a new 50 year low! The bad news is that Holiday seasonality is very much in play, so take the good […]
– by New Deal democrat Although not published by the federal government itself, the Fed’s measure of industrial production relies on some federal data, and thus it was not updated during the government shutdown – which means that this morning’s update is likewise stale, being for September. Industrial production has been much less central to the […]
Dean writes about a period of time, I was attempting to work in and was getting “no-where” fast. I had left the USMC April 1971, married this beautiful woman, we left NYC. and went to Chicago (my stomping grounds). Went to work for one company which was low paying and adversarial in many ways. I […]
An interesting column by The Washington Post‘s Alex Horton and Ellen Nakashima. “Hegseth order on first Caribbean boat strike, officials say: “Kill them all.” The longer the U.S. surveillance aircraft followed the boat, the more confident intelligence analysts watching from command centers became that the 11 people on board were ferrying drugs. Defense Secretary Pete Hegseth gave […]
“Regional Fed manufacturing and services indexes for November show manufacturing rebound, continued rampant price pressures, and stagnant employment” – by New Deal democrat Although the federal government has resumed reporting economic data, it is spotty and woefully stale, from August and September. As a result, the two big sources for current data remain the regional Feds […]
– by New Deal democrat Note: there was a good advance manufacturers’ new orders report for September this morning. I’m going to save discussing it until Friday, when I dissect the regional Fed reports, which are now all in through November. Neither building permits and starts, nor new residential sales, were updated this morning, which means […]
Inherited Economies Biden and Trump, Patreon – by Dean Baker Donald Trump may not be able to remember what things were like five years ago, when he handed the economy and the country to Joe Biden, but it is important that the rest of us do. As in so many other areas where Trump tries […]
– by New Deal democrat First, a scheduling note. Several data releases have been made this morning. Several more delayed releases having to do with housing *might* be released tomorrow. Alas, the very late Q3 GDP report is not going to be released at all until the end of December. There will be no releases on […]