August jobs report: deceleration shows up in spades – by New Deal democrat My focus remains on whether jobs growth continues to decelerate, particularly manufacturing and residential construction jobs, but also total construction and goods production jobs as a whole; as well as watching for the increase in jobless claims to translate into a higher unemployment rate (a leading relationship that it has had for over 50 years). And, with help...
Read More »YoY initial claims restart the yellow caution flag, suggest unemployment will rise towards 4.0%
YoY initial claims restart the yellow caution flag, suggest unemployment will rise towards 4.0% – by New Deal democrat I’ll post on personal income and spending a little later. But first, initial jobless claims declined -4,000 to 228,000 last week. The more important 4 week average increased 250 to 237,500. With a one week delay, continuing claims increased 28,000 to 1.725 million: For forecasting purposes, the YoY% change is more...
Read More »Open Thread August 31, 2023 Mixed News Topics
Not Everything We Call Cancer Should Be Called Cancer, rsn.org. The NYPD Denied Our Request for Body Camera Footage of a “Friendly Fire” Killing. Here’s How We Got It Anyway, ProPublica, Mike Hayes. Clarence Thomas officially discloses private jet trips on GOP donor Harlan Crow’s plane, CNN Politics, Ariane de Vogue and Devan Cole. Stay away from Arizona. That’s what Canada essentially is telling its people, msn.com, Phil Boas. Arizona...
Read More »China’s Economy in Need of Rescue?
In the last post “Trump, Biden Policies Shifted Trade from China, Study Shows,” voanews.com, (read again if needed) we were talking about China sneaking its parts into the US through Mexico and Vietnam. The VOA article is the same as shown on Bloomberg. As you read that post, I think you will see I had real issues with being able to sneak the same Chinese parts out of those countries and into the US. Furthermore, for either country to manufacture...
Read More »July JOLTS report: is the game of reverse musical chairs in employment ending?
July JOLTS report: is the game of reverse musical chairs in employment ending? – by New Deal democrat For the past 18 months, I’ve likened the job market to a game of reverse musical chairs, where there are more chairs put out by potential employers than there are job applicants willing to fill them. Also for many months, I have noted the gradual deceleration in that game. July’s JOLTS report not only continued that trend we’ve seen for the...
Read More »Ford Reveals New Lineup of EV Chargers + a Home Version
This is mostly about commercial charging stations for companies. However, the company does offer a home version which I have added a picture and the pricing. Not cheap. It does solve the issue of where do I charge my vehicle? Not endorsing this as it is early on in the introduction of EVs and barely touching on the economics of an EV. Still, my Detroit attachment to automotive. The other factor(s), needing to be brought to the forefront is the...
Read More »War and Punishment
I just finished “War and Punishment: The story of Russian oppression and Ukranian resistance” by Mikhail Zygar. I’ve read several books on Russian and Ukranian history written by historians. Zygar isn’t a historian, and the style of this book is more of a reporter, albeit one describing history.The writing here is vivid, if somewhat quirky. Zygar toggles frequently between present and past tense, which is sometimes distracting but can enliven the...
Read More »Viruses of the mind
Guess post as written by Infidel753 and taken from his Blog of the same name. Infidel753: Viruses of the mind, Infidel753 Blog Viruses are the simplest of all living things. Indeed, it’s questionable whether they should be considered “living” at all. A virus does not eat, breathe, digest, or perform any other of the organic functions of such true organisms as animals, plants, or bacteria. It consists of a string of DNA (or, in the case of...
Read More »California Guaranteed Health Care for All Act sets in motion a single-payer healthcare coverage
More detail on California’s Single Payer Bill AB1690. 0223 CA Legal Fact Sheet AB1690 CalCare.pdf, nationalnursesunited.org. Summary Today’s U.S. health care system is a complex, fragmented multi-payer system that still leaves wide gaps of coverage and poses significant issues of affordability. Despite health care spending in the United States far exceeding other high-income, industrialized countries that offer a publicly financed...
Read More »Role of Critical Minerals in Clean Energy Transitions
AB: This particular article had warnings about use, changing any of the content, and proper recognition. Fair use is an issue as if giving credit to the authors and proper authorities. Liking this piece which explores the makeup of the batteries, etc. which energize the EVs being touted today. It explores the detail of what elements and compounds will go into the new energy efficient, less polluting vehicles. There is only so much easily available...
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