New Year, same old labor market deceleration – by New Deal democrat This morning’s JOLTS report for November continued the same trend of labor market deceleration that we have seen since the blazing hot boom of 2021. Job openings declined -62,000 to 8.790 million, the lowest level since March 2021. Actual hires fell sharply, by […]
November jobs report: signs of considerable strength, but warning signs of considerable weakness as well – by New Deal democrat Yesterday I wrote that “In tomorrow’s jobs report, my focus will be on whether the data is most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration has been continuing;” and more […]
With this particular American Hospital Association letter, I pulled out the particular points in which the AHA is pointing out and filing complaints. The balance of the letter can be found at the link above, in the title (below), or in the attached PDF file at the end of this post. Unfortunately, it is too […]
Why the Index of Leading Indicators failed – by New Deal democrat I have a post by the above title up at Seeking Alpha. The Index of Leading Indicators has persistently declined for 22 months, and is off by a level that in the past has been consistent with already ongoing, deep recessions. And yet the […]
Initial jobless claims confirm benign employment conditions – by New Deal democrat Initial claims declined -14,000 to 209,000 last week, and the four week moving average declined -750 to 220,000. With the usual one week lag, continuing claims declined -22,000 to 1.840 million: On a YoY basis, both weekly claims and their four week average […]
Existing homeowners with 3% mortgages remain frozen in place, as sales fall to a new 28 year low – by New Deal democrat October marked yet another month in the fully bifurcated housing market, in which most existing homeowners are frozen in place by their 3% mortgages, and buyers have turned to new homes (and […]
Dan and I would put up holiday salutations each holiday. It was customary for both of us to do so. Many of you, we have known for a long time. We appreciate your reading Angry Bear and your comments to our posts. I hope you all spend time with family and friends today. Time is […]
House resale price indexes confirm upturn in prices for existing homes, but do not negate combined price declines – by New Deal democrat We got more price information about the very important housing market this morning. Through September, the median price of home resales as measured by Case Shiller increased 0.9% monthly. For the FHFA […]