by Private payrolls fell by over 2 million after the PPP was in place to keep workers on the payroll. This is a forecast for Friday’s employment release: After a large contraction the rate of contraction naturally slows down, but it’s still contracting: If this turns out to be the case, it’s a drop of some trillion of sales/income which is a larger drop than the increase in federal deficit spending: Below 50 is contraction: This increase will show up as an increase in headline consumer prices, and will also be an increased expense for consumers vs the prior two months:
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WARREN MOSLER considers the following as important: Economic Releases
This could be interesting, too:
WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
Private payrolls fell by over 2 million after the PPP was in place to keep workers on the payroll. This is a forecast for Friday’s employment release:
After a large contraction the rate of contraction naturally slows down, but it’s still contracting:
If this turns out to be the case, it’s a drop of some $3 trillion of sales/income which is a larger drop than the increase in federal deficit spending:
Below 50 is contraction:
This increase will show up as an increase in headline consumer prices, and will also be an increased expense for consumers vs the prior two months:
