– by New Deal democrat We finally have some new data this week – the usual, jobless claims. Initial claims declined -5,000 for the week, while the four week moving average declined 5,750. With the usual one week delay, continuing claims, on the other hand, rose 10,000 to a new 4.5+ year high of 1.965 […]

Trump has flip-flopped on deporting workers in the agriculture and hospitality sectors. But his Ag Secretary has it figured out. “There’s been a lot of noise in the last few days and a lot of questions about where the president stands and his vision for farm labor,” Agriculture Secretary Brooke Rollins told reporters during a […]

 – by New Deal democrat During this week’s drought of new economic data, let’s continue taking a look at some important information from last Friday’s employment report. In every report, I break down my analysis first and foremost by looking at the leading indicators contained within the data. This is almost entirely confined to the goods-producing […]

I do not trust anything that appears on Fox News or comes out of our President’s mouth. I make it a point to stay off of social media and only view You Tube for classic music performances and some comedy so those are not sources of misinformation. While newspaper articles will contain all sorts of […]

Two important danger signals in the June employment report  – by New Deal democrat This is Ben Casellman, Chief Economic Correspondent for The NY Times’s take on last Friday’s employment report: I beg to differ. As I wrote Friday, underneath the headlines, this was a barely positive report – with some significant negatives. Let me […]

– by New Deal democrat Last month the new orders components of the economically weighted ISM manufacturing and services indexes warranted the hoisting of a yellow flag “Recession Watch.”  This month that continued. To recap, because manufacturing is much less important to the economy than in the decades before the Millennium, the economically weighted average of the […]

It is hard not to talk about the Republicans and Trump’s BBB. Yep, the political party is mentioned first because they are allowing this to happen. It maybe some people do not know the detail and have no idea. For the rest of us? It is like waiting for the train to hit. You see […]

Dipping deep here to an old tune sung by the Temptations and then Edwin Starr. Tax Breaks to the wealthy do not pay for themselves and neither do they trickle down to lower income people. The 2017 Tax Break The reality is the 2017 Tax Cuts and Jobs Act (TCJA) did not pay for itself […]

With the signing of the Budget Bill, persons working at “an occupation which customarily and regularly receive tips” can deduct up to $25,000 of tip income provided their total income does not exceed $150,000. This deduction will be phased out beginning in 2028 unless extended by Congress. Trump made three promises to reduce taxes to […]

Part of Republican fables on how healthcare programs are being taken advantage of by fraudulent enrollments. They will not be happy until something serious occurs and many are afflicted. Center for Children and Families takes the lead on debunking the governments stories. “Factchecking The White House ‘Mythbuster’ on Medicaid Cuts and Immigrants,” Center For Children […]