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Thought-Experiment of the Day

…to the illusion of accurate monthly data. But imagine for the moment that there had been no adjustment before the January data release. The headline number for January might well…

A Diverging Eurozone

…Eurostat press release, The euro area1 (EA16) seasonally-adjusted unemployment rate was 10.1% in November 2010, unchanged compared with October4. It was 9.9% in November 2009. The EU271 unemployment rate was…

EMPLOYMENT SITUATION

…indicator of bond yields and inflation. The employment release reported that the employment diffusion index rebounded to 60.0 in December and this may be a leading indicator of improved employment….

4th quarter Real GDP

With the release of the November data on real personal consumption expenditures it looks like real PCE growth in the fourth quarter will be over 4% (SAAR) as compared to…