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

June employment report: weakly positive headlines, and important negatives in hours and payrolls

 – by New Deal democrat My Big Theme for the past few months has been that the AI Boom (or possibly bubble) is counterbalancing a stagnant or even shallowly recessionary rest of the economy. After three good reports in a row, the June employment report was very weak, and in some respects even negative. Below […]