by I suspect these numbers will be subject to large downward revisions, particularly today’s release, and the downtrend will continue. This is much like the other indicators that had recently blipped up and then reversed: Wage growth, for example, has been decelerating, while the narrative is that everyone is working and there are no people left to employ: The number of persons working part time for economic reasons increased in February to 4.318 million from 4.182 million in January.The number of persons working part time for economic reason has been generally trending down. Not good when imports and exports are both working their way lower: Expectations down further with the virus:
Topics:
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
I suspect these numbers will be subject to large downward revisions, particularly today’s release, and the downtrend will continue. This is much like the other indicators that had recently blipped up and then reversed:
Wage growth, for example, has been decelerating, while the narrative is that everyone is working and there are no people left to employ:
The number of persons working part time for economic reasons increased in February to 4.318 million from 4.182 million in January.
The number of persons working part time for economic reason has been generally trending down.
Not good when imports and exports are both working their way lower:
Expectations down further with the virus:
