The American working class is doing better, thank you very much  – by New Deal democrat With the release of the CPI report earlier this week, I can update several measures of average middle class American income. Real average hourly wages increased 0.2% in June, and are up 1.6% from one year ago: Real aggregate payrolls […]

Another well defined report by NDd about the possibility of recessions. Everything points in such a direction. If the Fed keeps raising its rate, it is almost a foregone conclusion. One a recession starts there is no backing away from it (as if we could). Scenes from the employment report: important leading and coincident indicators […]

Initial jobless claims: moving closer to a red flag warning  – by New Deal democrat Initial claims for jobless benefits rose 12,000 last week to 248,000. The 4 week average declined -3,500 to 253,250. With a one week lag, continued claims declined -13,000 to 1.20 million: More importantly for forecasting purposes, initial claims are up […]