– by New Deal democrat [Special programming note: Today we begin the second half of the year. On Friday there will be no data due to the federal holiday. Since I haven’t updated my overall nowcast and forecast for the economy, as well as how average Americans are doing economically, I plan to do so then. […]

 – by New Deal democrat I’ve written two posts earlier this week delving into the big divergence between the Establishment Survey portion of the Employment Report, which shows moderate growth, and the Household Survey, which is most consistent with a recession already having started. At any given time, some data will be positive and some […]