…big trade and budget deficits and rising debt burdens. And there’s one thing I can’t help noticing: a third world country with America’s recent numbers — its huge budget and…

…the end of last year has already shown up in weakness in the employment numbers this year. Similarly even with the October decline I expect the recent improvement in retail…

…expect to see them lengthening workweeks and hiring temporary workers in large numbers, measures that increase labor input but are also easier to reverse. 2. Maybe high productivity growth in…

…already shown up in weakness in the employment numbers this year, as shown in this shorter term view of the past 5 years (note change of scale in payrolls better…

Prospects for Consumption Growth In the comments, General Glut asks the salient question in the wake of today’s unemployment report: “How long until these poor jobs numbers (and the even…

…of several hundreds of thousands overall. In short, as weak as some of the numbers look now, they are likely to be even weaker when we see them next month….

…know how to use those numbers to take my money). Sending an e-mail which includes the order “do not reply to this e-mail” is unacceptably rude and should be illegal….