…only 1,600,000 were, as some employers elected to keep Holiday hires on the payroll; also, you can’t fire the people in January that you didn’t hire for seasonal help in…

…to the reversal last January. This makes me think that there is unresolved Holiday seasonality at work. In any event, real retail sales remain -0.8% below their April 2022 peak:…

…4 week average increased very slightly to 189,500. Continuing claims increased to 1,696,000, the third highest number in over a year: Holiday seasonality has ended. It continues to be the…

…complete lack of layoffs remains one of the two biggest signals (along with near-record housing units under construction) contra any near-term recession. As Holiday seasonality disappears, initial jobless claims turn…

…27,400 last April 3 to a high of 140,000 on July 17. The winter Holiday wave only reached a peak of 76,800. As of yesterday, cases were 37,000.  But with…

…after World War I, however, that the day was expanded to honor those who have died in all American wars. In 1971, Memorial Day was declared a national holiday by…

…parties, with congressmembers back in Washington today after the holiday weekend. Freedom Caucus members are howling at the deal. Representative Chip Roy (R-TX) is threatening to bottle the measure up…

A comment on Juneteenth; and what I’ll be looking for in tomorrow’s housing report  – by New Deal democrat That Juneteenth is a national holiday ought to be a full…

…year, and just past the July 4 holiday get-togethers that sparked summer waves in the past, let’s take a look. Covid isn’t gone, but it is very much in a…

Scenes from the September jobs report: a look at leading indicators  – by New Deal democrat Today is a holiday, so no new economic news. So let’s take a look…