Scenes from the June employment report: consumption leads employment, goods vs. services edition – by New Deal democrat No big new economic news today, so let’s take a more in-depth look at some of the information from Friday’s employment report. Today I’m going to focus on the division between goods and services. As I’ve written […]
SUNDAY, JULY 2, 2023 Weekly Indicators for June 26 – 30 at Seeking Alpha – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Movement among the indicators continues to be slow as molasses, but an important bifurcation stands out: indicators focusing on services continue to show good growth, while indicators focusing […]
Maybe you have been unaware of it, the repayment of student loans is to begin again come September 2023. President Biden had stopped all payments and interest accruing early on during the Covid Pandemic. Offering up reductions of ten to twenty thousand in reductions for outstanding loan was apart of the president’s plan. For many […]
Alito pretends physics does not exist. Nearby wetlands do not matter unless they have a surface connection to a stream, river, or lake. The notion a wetland can only be linked to streams or lakes by a continuous surface connection—presumably visible to the justices themselves—is fundamentally at odds with hydrology or the science of water. The movement […]
Initial and continuing claims: yellow caution flag reinstated – by New Deal democrat Initial claims rose sharply last week, up 28,000 to 261,000 (an 18 month high). The 4 week average rose 7,500 to 237,250, still lower than its April peak. Continuing claims, with a one week delay, declined -37,000 to 1.757 million: When we […]
Open Thread June 4, 2023, Angry Bear, angry bear blog Just a thought, and this is new at this moment. Chief Justice John Roberts and Justice Brett Kavanaugh joined with the court’s liberals in affirming a lower-court ruling finding a likely violation of the Voting Rights Act in an Alabama congressional map with one majority Black […]
New and improved initial claims! Now including comparison to Sahm Rule – by New Deal democrat I’m making an important addition to my weekly blurb on jobless claims this week: I’m showing how it compares with and leads the Sahm Rule. Just in case you’re not familiar with the Sahm Rule, it is a rule of […]