– by New Deal democrat It appears that, as I suspected earlier this month, the big YoY jump in initial jobless claims was largely due to the effects of the hurricanes, and is now abating. First, for the week initial claims declined another -12,000 to 216,000. The four week moving average declined -2,250 to 236,500. […]
I included Table 1 for you to use as a backup to the written preliminary report. Click on it to enlarge. I have to leave and go to the Veterans Admin. to pass on more information. When I get back, I will add an opinion to this commentary and delete this message. Real gross domestic […]
Here’s House Speaker Mike Johnson: “We want to take a blowtorch to the regulatory state. These agencies have been weaponized against the people. It’s crushing the free market; it’s like a boot on the neck of job creators and entrepreneurs and risk takers. And so health care is one of the sectors, and we need […]
by Harriet Torry WSJ U.S. GDP rose at a 2.8% annual rate in the third quarter, easing slightly from the previous quarter. The U.S. economy continued its recent strong stretch this summer, bolstered by hefty consumer and government spending. Gross domestic product increased at a 2.8% annual rate in the third quarter, adjusted for seasonality and inflation, […]
A quick and brief review of the economic trends and the third quarter. My only opinion on this recital being Supply Chain returning to a norm should be given more credit. Its manipulation was definitely one of the major influences on inflation. Beyond the standard metrics of industrial investment, it is also worth noting how […]
– by New Deal democrat As usual, I’ll take a quick look at this morning’s headline GDP numbers for Q3 before passing on to my more important focus on the release’s leading components. Real GDP grew at a 2.8% annualized rate in Q3. Just like Q2, this is a perfectly good number in line with the […]
Republicans have long objected to the ACA, and Trump tried several times to have it overturned; he’s claimed he’ll replace it with something better, but in eight years, he’s never come up with even a rudiment of a proposal. And here’s Speaker Johnson at a campaign stop yesterday: “No Obamacare?” an attendee asked Johnson, referring […]
– by New Deal democrat The JOLTS survey parses the jobs market on a monthly basis more thoroughly than the headline employment numbers in the jobs report. For several years, my mantra for a lot of statistics has been “deceleration.” Well, in the case of the employment market, we have passed the point where deceleration […]
– by New Deal democrat This morning’s repeat house price indexes from the FHFA and Case Shiller continued to show deceleration in this metric which is very important to home buyers. Specifically, on a seasonally adjusted basis, in the three month average through August, U.S. house prices according to both indexes rose 0.3%. This is a slight […]
My wife and I are recently retired. We moved to New England to be close to our grandson and his parents. We’re living independently in a three-bedroom detached house. My parents were able to live independently into their early 80s, when my dad began to dement. My mom was much smaller than him, and wasn’t […]