August retail sales rebound slightly, argue for continued strong jobs growth in autumn Let’s take a look at retail sales, which are perhaps my favorite monthly economic indicator, since they tell us so much about average consumer behavior, and are also a good short leading indicator for jobs.Nominally retail sales increased 0.7% for August, after […]

March JOLTS report confirms that month’s strong jobs report This morning’s JOLTS report for March confirmed that month’s stellar jobs report. Job openings made a new series high, while layoffs and discharges made a new series low. Hires, quits, and total separations all also moved in the right direction.This report has only a 20 year […]

December jobs report: I told you so – jobs actually declined in December, BUT employment primed for takeoff once pandemic abates Important: There was a huge amount of seasonality in this report. This is common for December, but the issue was greatly exacerbated because of the outsized impact of the pandemic. Take the large changes […]