Tag Archives: Hot Topics

Initial jobless claims: a little soft, but continued expansion signaled  – by New Deal democrat I’ll put up an analysis of this morning’s CPI later. In the meantime, initial jobless claims rose 21,000 last week to 248,000. The more important 4 week moving average rose 2,750 to 231,000. With a one week delay, continuing claims declined -8,000 to 1.684 million: On an absolute level, all of this remains very good. The YoY% changes are more...

What to look for in tomorrow’s CPI and Friday’s PPI  – by New Deal democrat  We’re still in the post-jobs report lull in economic news today. That will end tomorrow with initial jobless claims, and also CPI and PPI tomorrow and Friday respectively. I always watch CPI, but I believe the PPI is uniquely important at present as well. To show you why, let me show you the YoY relationship between PPI and CPI for the past 75 years in two...

What to look for in tomorrow’s CPI and Friday’s PPI  – by New Deal democrat  We’re still in the post-jobs report lull in economic news today. That will end tomorrow with initial jobless claims, and also CPI and PPI tomorrow and Friday respectively. I always watch CPI, but I believe the PPI is uniquely important at present as well. To show you why, let me show you the YoY relationship between PPI and CPI for the past 75 years in two...

The American Shopping Experience has changed over the years with people abandoning in person shopping to internet shopping. What has evolved with the use of the internet is major malls and stores closing their doors and increases in warehouse shopping via the internet. Some History An Austrian-born émigré and architect in 1948, Victor Gruen was stranded on an unexpected layover in Detroit. He toured the streets of greater Detroit to pass the...

The American Shopping Experience has changed over the years with people abandoning in person shopping to internet shopping. What has evolved with the use of the internet is major malls and stores closing their doors and increases in warehouse shopping via the internet. Some History An Austrian-born émigré and architect in 1948, Victor Gruen was stranded on an unexpected layover in Detroit. He toured the streets of greater Detroit to pass the...

According to this WaPo article, the average physician in the US earns $350K/yr. I didn’t click through to the actual data, but from the first table, I’m guessing that “average” means median, not mean. And physician income isn’t a Gaussian distribution—there’s a long right-hand tail for the specialties.Why is this? It looks to me like supply-and-demand is a big factor. Despite the fact that allopathic and osteopathic medical schools have expanded...

According to this WaPo article, the average physician in the US earns $350K/yr. I didn’t click through to the actual data, but from the first table, I’m guessing that “average” means median, not mean. And physician income isn’t a Gaussian distribution—there’s a long right-hand tail for the specialties.Why is this? It looks to me like supply-and-demand is a big factor. Despite the fact that allopathic and osteopathic medical schools have expanded...

Scenes from the July employment report  – by New Deal democrat On Friday I noted that the July employment report was a perfectly good, solid one in absolute terms, but that almost all the leading components were soft and weakening, as I would expect to see near the final stages of an expansion. Let’s take a look with some graphs today. First, the good news. The employment population ratio for the prime age working group, ages 25-54,...

Scenes from the July employment report  – by New Deal democrat On Friday I noted that the July employment report was a perfectly good, solid one in absolute terms, but that almost all the leading components were soft and weakening, as I would expect to see near the final stages of an expansion. Let’s take a look with some graphs today. First, the good news. The employment population ratio for the prime age working group, ages 25-54,...

From December 2022, Angry Bear has been covering parts of the railroad workers efforts to achieve better conditions for conductors’ engineers and labor in general. It appears all of the work by the union is coming to pass. Railroad unions are winning paid sick leave for workers, The Stand, July 11, 2023 WASHINGTON, D.C. (July 11, 2023) — Last year, the threat of a national railroad strike was averted when Congress imposed tentative contract...