Record High Job Quitting; Record Low Layoff Rate, MarketWatch 666, AB Commenter and Blogger RJS The Job Openings and Labor Turnover Survey (JOLTS) report for April from the Bureau of Labor Statistics estimated seasonally adjusted job openings jumped by by 998,000, from 8,288,000 in March to 9,286,000 job openings in April, after March’s record job openings were […]
The Zhou Enlai Paradox A bit over a half century ago when Henry Kissinger was organizing Richard Nixon’s visit to China, he was largely interacting on this matter with Zhou Enlai (Chou-Enlai in Wade-Giles transliteration). He reported that during their negotiations he asked Zhou what he thought of the French Revolution. Zhou replied that “It […]
Commenter and blogger, Professor Joel Eissenberg, Department of Biochemistry and Molecular Biology, Saint Louis University. Introduction: “A group of clinicians and researchers is petitioning the FDA to delay fully approval of any COVID-19 vaccines before clinical trials have been completed, calling the notion of approval to stimulate vaccination rates ‘backward logic.’ The group, led by Linda […]
– by New Deal democrat Weekly Indicators for June 7 – 11 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha Despite the spike in consumer prices in May, the long term interest rates in mortgages declined, largely taking back the increase occurring earlier this year. Reporting on the overall Economic picture, a resource-constrained […]
The spike in inflation is not a concern – yet By now you’ve probably already read a fair amount of commentary on yesterday’s consumer inflation report for May. I’m going to cut to the chase as to my take right off the bat: 1. The primary driver of this inflationary spike is supply bottlenecks rather […]
What are we talking about here? Federal Reserve is taking an initial step towards launching its own virtual currency. The move is disturbing to banks as it gives millions of low-income Americans access to the financial system and fortifies the dollar’s status as the world’s reserve currency. The rise of private cryptocurrencies is motivating the […]
I am wondering about Job Openings and Labor Turnover Survey (JOLTS) data. The reason is that I am interested in the extremely record high job vacancy rate of 6%, the moderately high unemployment rate of 5.8% and the moderately high hiring rate of 4.2% of employment in April (last month of data available). There are […]
CPI Rose 0.6% in May on Higher Prices for New and Used Vehicles, Clothing, and Airfares; Now Up 5% Year over Year, MarketWatch666, Commenter RJS The consumer price index rose 0.6% in May, as higher prices for new and used vehicles, clothing, airfares, car and truck rentals, and utilities were only slightly offset by lower prices for gasoline […]
Sharing the truth while speaking to a 100% white and 70% male GOP Pennsylvania legislature body and telling them what is more important. PA Representative Brian Sims takes on the Republican majority in the state House. PA Rep. Brian Sims: “Your boos mean nothing to me as I’ve heard for what you cheer. We are […]
Coronavirus dashboard for June 9: the high correlation between partisan lean, vaccination rates, and new cases No big economic news today, so I wanted to follow up on Monday’s post, in which I described the correlation between the number of new COVID cases and States in which there were high vaccination rates vs. ones with […]