The Angry Bear

The un(der)employment rate leads wage growth: 2023 update  – by New Deal democrat I had already planned on taking an updated look at wage growth today, but there was a little flutter on twitter about job openings and last week’s Q1 wage and benefits data, so that sealed the deal. To wit: as I used to write many times during the last expansion, wage growth is a long lagging indicator. It tends to increase only after unemployment (or even...

14th Amendment to the U.S. Constitution: Civil Rights (1868) | National Archives, Section 4. “The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against...

March JOLTS report shows labor market about halfway to pre-pandemic normalization  – by New Deal democrat The title of this piece is an important to clue the relative nature of this morning’s Job Openings and Labor Turnover report for March. For the last several years, the jobs market has been a game of “reverse musical chairs,” where there are always more chairs than participants. Those employers whose chairs weren’t filled had to increase...

Another collection of articles on various topics from my In-Box. Puling quite a bit from Healthcare. Some interesting articles in this batch. I hope you take a few moments and read some of them. Most are not terribly long winded. I wander in the comments section to see what is being said on various topics. I am not impressed with many of the responses. The ones on carrying bullet-spewing-weapons are just plain ignorant. Healthcare Doctor on...

SWP Report 2023 | United Nations Population Fund, unfpa.org) In November 2022, the world population eclipsed 8 billion people. For many of us, it represents a milestone the human family should celebrate. A milestone of people living longer, healthier lives, and enjoying more rights and greater choices than ever before. If you have not noticed India eclipsed China in population. At the bottom of the chart, each area of Earth is color coded to...

Manufacturing and construction start out the month’s data to the negative side  – by New Deal democrat As usual, we start the month with reports on last month’s manufacturing, and construction from two months ago. The ISM manufacturing index has a 75 year record of being a very reliable leading indicator. According to the ISM, readings below 48 are consistent with an oncoming recession. And there, the news is not good. Not only has the index...

I never gave this a thought. Never thought I was being tracked and my personal data spread. I do get a lot of trash mail which I block or send to phishing or junk. Maybe some of you have issues with Facebook? Double checking the information for clarity and accuracy. ~~~~~~~~ Facebook users can apply for their portion of a $725 million lawsuit settlement, NPR, Eyana Archie Facebook’s parent company, Meta, is doling out the payments to...

Commenter Fred Dobbs reports (NYT) on the seizure of First Republic Bank by banking regulators in the comments section of Angry Bear. I am beginning to wonder how many more seizures will occur. How many failures are resulting from the loosening of Dodd-Frank? It appears the Fed has a greater impact on banks than Labor. JP Morgan Chase to the rescue . . . Earlier Angry Bear commentary on Dodd – Frank here and here. Fred Dobbs comment; First...

Dan had this one in drafts. Read it, liked it, relevant today, relevant to the SCOTUS BS, relevant to how Congress lets them get away with stuff, and where the hell is Joe Biden on this stuff? Sirota sums up the issues with the let-alone-Democrats rather well. Did some editing. The Democrats Are Enabling the Right’s Supreme Court Takeover, rsn.org, David Sirota/Jacobin 02 july 22 Chief Justice John Roberts is spearheading the right’s judicial...

I got to this article about the Home Value Index Report after reading an Insider’s “The Fight Over Airbnbs Is Now Descending on Small American Cities,” businessinsider.com, Dan Latu. The article is about Airbnb rentals in Bozeman, Montana. Bozeman residents are trying to figure out what to do as it is driving up the prices of homes and the resulting taxes. It all started with the pandemic and people escaping the more populated areas to Bozeman a...