November JOLTS report: imagine, if you will, a game of musical chairs, New Deal democrat Imagine a game like musical chairs, except that some players are the chairs (employers) as well as people who want to sit in the chairs (potential employees), and players, both sitters and chairs, are continually entering and exiting the game. […]

Income, spending, layoffs, and new home sales all point to a continuing expansion in 2022 We got our last batch of data before Christmas this morning. Almost all of the news was positive. I will be very brief.In the “coincident indicators” department, real personal income declined -0.2%, while real personal consumption expenditures increased less than […]