September jobs report: a drastic slowdown in improvement, but further demonstrating an economy that *wants* to get better HEADLINES: 661,000 million jobs gained. The gains since May total a little over half of the 22.1 million job losses in March and April. The alternate, and more volatile measure in the household report was 275,000 jobs […]
by New Deal democrat Weekly Indicators for September 28 – October 2 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Almost all of the indicators across all time frames are well off their worst levels. The question now is becoming whether or not they will stall out or reverse. As usual, clicking […]
Happy Every Economic Statistic in the World Day! 4. Manufacturing continued to expand strongly in September This morning’s final economic report is the ISM manufacturing index for September. This is a short leading indicator, and the new orders subindex specifically is one of the 10 components of the Index of Leading Indicators. A neutral reading […]
Happy Every Economic Statistic in the World Day! 3. Private residential construction spending improves smartly This morning’s third economic release is August construction spending. I track this because it is part of the important long leading housing sector. While it isn’t nearly as leading as housing permits or starts, it is the least volatile […]
Happy Every Economic Statistic in the World Day! 1. Jobless claims continue making glacial progress 1. Jobless claims Another week of glacial progress in initial jobless claims, at levels worse than the worst weekly levels of the Great Recession. On a non-seasonally adjusted basis, new jobless claims fell by -40,263 to 786,942. After seasonal […]
We the majority 60% are being tyrannized by the minority 40%. Other the democratically elected House of Representatives, we are being governed by a President and Senate that are not representative of us, that oppose our majority positions. We the majority are being particularly tyrannized by the current Senate Majority leader who is from the […]
The real story revealed by the New York Times Trump tax returns bombshell is not that Donald Trump paid no taxes in 10 out of 15 years or that he paid $750 in 2016 and 2017. The real story is that he doesn’t have net income to service his debt. There is nothing inherently illegal […]
– by New Deal democrat Weekly Indicators for September 21 – 25 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. While the underlying economic data still looks positive, the possibility for disruption based on a full-blown Constitutional Crisis following the election can no longer be overlooked. As usual, clicking over and reading […]
In the 19th century, employers stove off employee demands by bringing in immigrants willing to work under existing conditions. In the 20th Century, consequent the Great Depression, prohibition of child labor, immigration reform, … it was no longer so easy for employers to ignore workers demands. Unions took root and membership grew and so did […]
Trump Wednesday refused to commit to a peaceful transfer of power if he loses in November. He is deliberately undermining confidence in the integrity of mail-in ballot results – mail-in ballots that are expected to favor the Democrats. According to a report in The Atlantic, the White House is laying plans to actively steal the […]