Tag Archives: Hot Topics

The good news on jobless claims continues  – by New Deal democrat The recent streak of very positive news on jobless claims continued this week. Initial claims declined -1,000 to 201,000. The four week moving average declined -250 to 207,750. With the usual one week delay, continuing claims declined -34,000 to 1.834 million. The first two are close to their post-pandemic lows of one year ago, and continuing claims are the lowest since the...

We have been needing more people, people of some importance, to say something about the economy besides how bad it is. Mind you, no matter how good the recovery is; the negatives will still flow from the other side of the room. If you have been reading New Deal democrat’s commentary at Angry Bear each day, you already have a pretty good idea of where we will land. NDd: “Real retails sales stopped deteriorating YoY last spring, and have been more...

Sales lead employment: real aggregate payrolls update  – by New Deal democrat The drought in new data ends tomorrow with consumer inflation. In preparation, let’s take a look at real aggregate payrolls. These increased 0.2% in December, one of the lower readings in the past 2 years: On a YoY basis, aggregate nonsupervisory payrolls increased 5.8%, compared with consumer inflation in November, which increased 3.1%: Recall that...

USPS tells regulator, “Mind your own regulations.” Save the Post Office, Steve Hutkins The Postal Service has started off the New Year by refusing to answer important questions about its 10-year plan, Delivering for America. Earlier this week, the Postal Service told the Postal Regulatory Commission that its latest information request was outside the statutory authority of the Commission. The Postal Service has basically told the PRC to mind...

Scenes from the jobs report 2: the unemployment rate and consumption: weak, but not recessionary  – by New Deal democrat Yesterday I looked at some employment metrics from Friday’s jobs report. Today let’s look at un- (and under-) employment. Every Thursday I repeat the mantra that jobless claims lead the unemployment rate. Here are both the U3 (blue) and U6 (red) rates from Friday’s report, compared YoY: The unemployment rate is...

Personal income, so Personal saving, ignore a huge part of Total Return — the income-from-assets measure used by every modern portfolio investor. Guess what’s missing? Personal Saving Makes More than 40% of Property Income . . . Invisible. Think Total Return, Wealth Economics, Steve Roth Matthew Klein and Joey Politano have been singularly responsible in their discussions of “excess saving” in the covid era — not least by always putting that...

Before you go on a bender claiming it is not true. It is true. Your costs of inventory and transportation are high. Three weeks on the ocean plus one week on the dock on each side of the ocean. Transportation costs and time to the buyer. Container costs this last go around were as high as $10,000. Typically they were at $4,000 or less. Are you going to have 1 – 2 weeks of safety stock or are you going to cover the ocean in-transit time. What if?...

Scenes from the leading sectors of the December jobs report: sectors of weakness and strength  – by New Deal democrat For nearly two decades, my focus on economic reporting online has been finding and examining leading indicators; those datapoints that tell us where the economy in general, and in particular jobs and income for ordinary Americans, are heading in the near future. Usually that has meant batting away DOOOOMers; those people who...

Here we are in a presidential election year, and one of the two major party candidates certain to get the nomination is still claiming the last one was stolen from him. Now, he refers to the criminals who were tried, convicted and sentenced to prison over their Jan 6 crimes as “hostages.” When did the party of “law and order” become the party that attacks the American criminal justice system?“The ongoing Republican defense of the failed coup means...

Part Two of Being grateful for one big thing Baby Boomers did. Part I can be found here as written by Andy Kiersz. Gen Z, Millennials Should Stop Complaining About Baby Boomers, Economy, business insider, Andy Kiersz Excellent Charting done by the author Andy Kiersz. Detail taken from the Census Bureau, BLS, Penn World Tables, Federal Reserve Survey of Consumer Finances, Centers for Disease Control and Prevention, and World Inequality Database....