Toward the end of a very interesting and worthwhile conversation about how right-wing “populism” co-opts righteous anger at established institutions, Vincent Bevins asked Naomi Klein how she would counter that co-optation. Her answer was to advocate a “real left that has a political program that is actually redistributive,” which sounds good until you realize that […]

November jobs report: signs of considerable strength, but warning signs of considerable weakness as well  – by New Deal democrat Yesterday I wrote that “In tomorrow’s jobs report, my focus will be on whether the data is most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration has been continuing;” and more […]

Initial claims continue to forecast expansion; further slight deceleration in employment, unemployment, and wages most likely tomorrow  – by New Deal democrat This morning we had our last look at initial jobless claims before tomorrow’s November jobs report. On a weekly basis, claims rose 1,000 to 221,000. The four week average rose 500 to 220,750. […]

Manufacturing’s shift out of China is shaking up shipping, qz.com), Mary Hui AB: This is kind of along the lines of what I was involved in with manufacturing overseas and moving components to various countries from the US. We would plan the necessary materials to a planned ship date. We would ship to Thailand, Philippines, […]

What is interesting about NDd’s latest is his identifying manufacturing playing “a much smaller role in the total US economy now than it used to in the decades after WW2.” He identifies another factor occurring before the start of a recession. It has become increasingly necessary for spending on services to falter as well. Real […]

October JOLTS report: yet one more month in the ongoing decelerating trend  – by New Deal democrat  All of the major metrics in this month’s JOLTS report for October continued to show deceleration. Here are openings (blue), hires (red), and quits (gold), all normed to 100 just before the pandemic: As you can see, at […]

On a YoY basis manufacturing is the star of the show. But note from the historical graph that residential construction previously has turned down first, with manufacturing and other non-residential construction lagging (likely because of long lead times and the extended duration of completing projects). A big increase holds up construction spending in October; and […]

This is a combination of two different posts. The first part is by the NCRC, the National Community Reinvestment Coalition. It offers up a wealth of detail expressed in numbers defining the issues confounding Native Americans. It is very brief and I would hope you follow the link to a larger array of statistics defining […]

Weekly Indicators for November 27 – December 1 at Seeking Alpha; plus a comment on the ISM manufacturing report  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. The coincident data continues quite strong, and the long leading indicators are increasingly “less bad,” which is something that happens when recessions are […]

This was posted at 8:03 AM at the Bonddad Blog Thursday. I see other venues having similar reports up also. I am sometimes late in posting NDd’s economic commentaries. Ex-housing, PCE inflation, like CPI inflation, is under the Fed’s 2% target  – by New Deal democrat Note: I may not be around for the ISM […]