Relevant and even prescient commentary on news, politics and the economy.

September jobs report: positive report within a framework of continued deceleration

September jobs report: a very positive report within a framework of continued deceleration As I have written many, many times, consumption leads employment; and the near stagnation in real sales and spending signaled that we should expect weaker monthly employment reports, with both fewer new jobs and a higher unemployment rate. In September, the former happened; […]