Are these people crazy? Steve Roth Wealth Economics This BlueSky bleet really raised my eyebrows. Check out the whole thread. I think my gentle readers will guess that I share these sentiments. But the thing that raised my eyebrows was the explicit suggestion that we should lower national productivity. Many economists would see that as economic insanity […]
– by New Deal democrat The regional Fed August indexes, including both manufacturing and general business activity, rebounded sharply, telegraphing that a rebound was also likely in the ISM indexes. On Tuesday, the ISM manufacturing index rose slightly. This morning the ISM services index increased sharply. To wit, the headline number increased to 52.0, while the […]
Following up on Joel’s earlier commentary on Jobs. Maybe messing with tariffs is not producing the results Trump and the Repubs had in mind? A revision of numbers on Jobs report. “It is difficult to isolate the exact causes of this slowdown, but it’s safe to say that this administration’s policies (like tariffs) have not […]
A more detailed Jobs Report analysis by New Deal democrat. New Deal democrat was in Phoenix a while back. He let me know and we were able to meet at the Pomo Pizzeria on 1st Street. Great place to meet a friend or take your wife. The crowd is casual in dress. Good pizza too! […]
Trump fired BLS Commissioner Erika McEntarfer after a jobs report signaled a slowing jobs market, and larger-than-normal revisions for the previous two months suggested a more significant economic downturn could be anticipated. Trump’s reasoning appears to be that the BLS commissioner’s reports can create jobs, just like the rooster crows to create the dawn. Realty […]
– by New Deal democrat In the last few weeks, there has been speculation that jobless claims may have been affected by the jihad against immigrants, the theory being enough were being deported or else were simply afraid to report to work that the number of jobless claims was held down. But I suspected it might […]
Looking at Black American employment in 10 major cities and what is at risk under the Trump administration. Unemployment was at record lows in the recent past. Trump’s anti-equity agenda could threaten the progress. Three charts and a short explanation for each explaining what is at stake for Black America. ~~~~~~~ The present administration (Trump) […]
– by New Deal democrat In contrast to much other data in the jobs sector, the JOLTS reports have been very much consistent with a “soft landing scenario,” and that trend continued in this morning’s report for July. As a quick refresher, this survey decomposes the employment market into openings, hires, quits, and layoffs. So to […]
– by New Deal democrat As usual, the new month begins with important manufacturing and construction reports which give us the pulse of the goods-producing economy. The ISM manufacturing report has been a recognized leading indicator for the past 60+ years, although of diminished importance since the turn of the Millennium and China’s accession to […]
The right of Trump to impose tariffs at will and without Congressional approval is headed to the SCOTUS. What’s the odds that the tariffs will be overturned? Turns out there’s a market in tariff refunds if the SCOTUS rules against Trump: “In July the US government brought in $29.6 billion in tariff revenue compared to […]