Relevant and even prescient commentary on news, politics and the economy.

JOLTS report: record low layoffs, near record high quits and job openings

April JOLTS report: record low layoffs, still near record high quits and job openings Late last year, I introduced the idea that the jobs market was similar to a game of musical chairs. Employers added or took away chairs, and employees tried to best allocate themselves among the chairs. Because of the pandemic, there have […]

Daily Global Oil Surplus despite OPEC Production Short Fall

RJS Summary; Global oil surplus at 710,000 barrels per day in March despite OPEC’s 821,000 barrel per day production shortfall OPEC’s Report on Global Oil for March Tuesday of the past week saw the release of OPEC’s April Oil Market Report, which includes details on OPEC & global oil data for March, and hence it gives us […]