Relevant and even prescient commentary on news, politics and the economy.

January jobs report: like a sports car at maximum acceleration

January jobs report: like a sports car at maximum acceleration    – by New Deal democrat My focus on this report was on whether manufacturing and construction jobs turned negative or not, and whether the deceleration apparent in job growth would continue. Both of those were answered emphatically in the negative. Here’s my in depth synopsis. HEADLINES: […]

Some Important Bits of History for February 1

Black History Month is in February if you do not know it. Prof. Heather Cox Richardson celebrates it with a mixture of past and present facts, points, and references to it. Some of her points are ugly. Amongst her reverence to Black History Month is the detail of how the Battle Hymn of the Republic […]

Discussing Gun Ownership, Healthcare, and Who Pays for Shootings

This post is another part of a mini-series I am doing on healthcare and shootings. First, why the designation of bullet – spewing – weapons in this post? It eliminates the discussion of whether we are talking about a pistol, a bolt action Springfield, a semi-automatic Garand, a M14 with a twenty-round clip, a M60. […]

JOLTS and jobless claims: the labor market remains a strong positive

JOLTS and jobless claims: the labor market remains a strong positive  – by New Deal democrat The message from the JOLTS report for December yesterday and jobless claims for last week today is that the labor market remains the strongest sector of the economy, with plenty of unfilled job openings, and almost no layoffs. Initial […]

The (Recessionary) Projections of December 2022 Live On

Editorial by EMPLOY AMERICA on The Fed Chair’s 25bp hike which are aligning with the Fed’s consensus and market beliefs and Powell’s expectations of continuing inflation risks. Gotta make sure the chance of inflation is really dead. Poking at it with 25bp hike now, making sure it is dead, and two more rounds of the […]

January manufacturing at recessionary levels; December construction spending declines

January manufacturing at recessionary levels; December construction spending also declines  – by New Deal democrat The first data for the month of January is in, and with one exception, it is pretty bad. The ISM manufacturing index declined -1.0 to 47.4. According to the ISM, 48 is the cutoff below which is more consistent with […]

Interesting(?) Stuff from My In-Box, January 31, 2023

Mixed Bag Today. Police Actions are making the news. Not just on the street. Major story is police beating a man to death. It was very discouraging to read this. Cop City being built and one protestor dead. Oklahoma prison murdering imprisoned prisoners. Talked with a Police Captain the other day. He was insisting he […]

California waits as Other states submit Colorado River plan

California holds out as Arizona, other states submit Colorado River plan, ktar.com, KTAR FLAGSTAFF, Ariz. (AP) — Six Western states that rely on water from the Colorado River have agreed on a model to dramatically cut water use in the basin, months after the federal government called for action and an initial deadline passed. With […]

House price indexes for November: up like a rocket, down like a feather

House price indexes for November: up like a rocket, down like a feather  – by New Deal democrat As I’ve repeated many times in the past 10 years, in housing prices follow sales with a lag. Housing permits peaked at the beginning of 2022, and starts followed several months later.  This morning the FHFA and […]