This was one of the better employment reports of this cycle. Private payroll employment grew 246,00while government employment fell about 10,000 for a net gian of of 236,000. The household survey also showed a nice gain of 170,000. On a year over year change basis both series are showing nice gains. You would never […]
This was another tepid employment report not much different than the reports in 2012. Payroll employment rose 168,000 and the household survey showed a gain of only 17,000 Private payrolls expanded 168,000 while government employment fell 9,000. Perhaps more importantly the year over year change in employment is showing significant signs of weakness, Both […]
At first glance the December employment report shows that the trends throughout 2012 were unchanged in December. But within the report there were some greater signs of strength. Private payroll employment showed a gain of 155,000 and the household survey reported a much smaller gain of only 28,000. These changes are about the same as […]
Andrew Sullivan writes something interesting.* No not that Andrew Sullivan, this Andrew Sullivan at Reuters. Fairly excerpted, I think. in October 1993, Bain Capital, co-founded by Mitt Romney, became majority shareholder in a steel mill that had been operating since 1888. It was a gamble. The old mill, renamed GS Technologies, [skip] a federal government […]
By: Daniel Becker In answer to the generic question regarding President Obama’s actions regarding the debt ceiling, I am re-posting this from 2/25/09. In comments of the original I stated that cutting the deficit by 1/2 seemed to “optimistic” for me. *************************** Ok, here are my basic issues with the substance of President Obama’s speech. […]
Reposted from New Deal 2.0 with permission from author. Deficit Hawks Down: The Misconstrued “Facts” Behind Their Hype by James K. Galbraith Economist James K. Galbraith attends a Pete Peterson-funded road show. The Fiscal Solutions Tour is the latest Peter G. Peterson Foundation effort to rouse the public against deficits and the national debt — […]
op-ed by Run “The Messenger Again Wears A Skirt (Mama Tucker on Brooksley Born)” Taking a page from his former boss and mentor Larry Summers, Geithner behind closed doors has expressed opposition to Dr. Elizabeth Warren heading up the Consumer Financial Protection Bureau as reported by The Huffington Post. For those of you who may […]
Today’s release by the Federal Reserve Bank of Dallas of October’s Trimmed Mean Personal Consumption Expenditure gives us a chance to check this “alternative measure of core inflation.” The clearest thing is that it does what the FRB Dallas intends: generally reduces the measure of inflation: For the graphic above, any value above the line […]
rdan The Detroit Free Press carries this statement: “The UAW is deeply disappointed that Senate Republicans have blocked the bipartisan legislation that was agreed to by President Bush and congressional Democrats. “In an effort to work out a compromise, the UAW was prepared to agree that any restructuring plan should ensure that the wages and […]
rdan The AP reports that the 15 billion is not available to the auto companies: Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse. General Motors Corp. and Chrysler LLC, which have said they could run out of […]