Tag Archives: Hot Topics

Jobless claims: bar one week, the lowest number of layoffs in over half a century  – by New Deal democrat To reiterate my theme from last week, we’re back to the virtuous scenario where almost nobody is getting laid off. Initial jobless claims last week declined -16,000 to 187,000. Except for one week in September 2022, this is the lowest number in over 50 years (since 1969, to be more precise). The 4-week average declined -4,750 to 203,250,...

Who saved the US from a pandemic and delivered a good economy. The 2024 political cycle, a triumph of recycling. President Biden and former President Trump are preparing to star in a sequel most Americans do not care to see. That means that eyes will be on the vice-president, Kamala Harris, as well. Because Mr Biden is the oldest president ever, and would be 82 at his second inauguration, voters will scrutinize Ms. Harris with unusual care. The...

Fireworks, drone swarms, military history and the military future. Oh and China always China. This is a followup to The 101st Chairborn: History is a Prankster The key new point is drone *swarms* that is thousands of drones in coordinated flight. the point is that e even if a drone is slow so that the chance of shooting it down is 99.99%, the chance of shooting down all of 10,000 isn’t (0.9999)^10000 = 1/e because the drones draw fire from...

Industrial production continues in near-recessionary trajectory  – by New Deal democrat In contrast to this morning’s good news on consumption, production continued its lackluster 2023 all the way to the end. Total industrial production (blue in the graph below) increased 0.1% in December, but revisions to the two previous months totaled -0.2%, so the net result was a -0.1% decrease compared with where we thought we were in November....

Most state laws back the company when it comes to employment. Plus, you don’t have the cash to make a fight out of it. So move on to something better, forget them, do something great, chalk it up to experience, learn from it, and ask the right questions the next go around. Being let-go happens. Reasons could be because of the economy, job is transferred, boss does not like you, or maybe you are just to slow at acclimating to the company...

December real retail sales: the good economic news keeps on coming  – by New Deal democrat The good economic news kept coming with this morning’s retail sales report for December. Remember that this is one of my favorite indicators because, adjusted for population, it is a fairly good long leading indicator, and on a short term basis has a consistent record of leading the trend in employment. Nominally retail spending increased 0.6% for the...

As a former union member, Reader Denis Drew writes about Labor and Unions. You can read him at Angry Bear from time to time or at his Blog site: “On Today’s Page,” on todays page, Denis Drew. Jimmy Hoffa’s dream – Jimmy Hoffa’s worst nightmare First: Jimmy Hoffa’s medical labor market wet dream:   a) cannot stop technical employees from organizing,   b) demand is everywhere and ever growing   c) bills paid automatically by insurance or...

My TMU Sustainable Design students on how to fix the world, Carbon Upfront, Lloyd Alter. For about a dozen years, I have taught a one-term course on Sustainable Design at Toronto Metropolitan University (TMU, formerly Ryerson University). It started in the School of Interior Design but has expanded to include students of photography, urban design, fashion, and journalism from the Creative School. Teaching sustainable design is tough; it is...

For MLK Day: Blacks are faring better during the post-pandemic Boom than at almost any time in the previous 50+ years  – by New Deal democrat On this MLK Jr. national holiday, let’s take a look at how Blacks are faring in the current economy. And the answer is, pretty good! The unemployment rate for Blacks in December was the 2nd lowest ever in 50+ years of history, at 5.2%. The lowest was last April at 4.8%: The Black unemployment...

Texas took it upon themselves to guard the border and not allow the Border Patrol entry to Shelby Park, a 47-acre Texas public park. The Border Patrol typically apprehends people crossing the river at that point. Texas/US military soldiers were sent to the area to block any migrants from crossing the river. A group of six had trouble crossing the river. One woman and two children drown in the presence of the National Guard. The Border Patrol was...