Tag Archives: US EConomics

but came in above Wall Street’s expectations, another sign that the Federal Reserve’s path to interest-rate cuts is far from settled. The Labor Department reported Tuesday that consumer prices rose 3.1% in January from a year earlier, versus a December gain of 3.4%. That marked the lowest reading since June. Inflation at 3.1% Reflects “Stubborn Pricing Pressure, Clouding Outlook for Fed Rate Cuts,” msn.com, WSJ article. Open Thread February 6...

Aggregate payrolls vs. total withholding taxes paid: which one has been telling the truer tale?  – by New Deal democrat The drought in new data continues for today. So I wanted to take a further look at the two measures of total payrolls I discussed on Friday, one of which has been of some concern. One is total aggregate payrolls, which is part of the Establishment survey portion of the jobs report each month, and the other is total tax...

Michigan has always had its ups and downs. Pretty much this was the resuly of automotive being a core business within the state. Michigan economy would go which ever was automotive and the economy would go. Another core industry would help in Michigan. Michigan now find itself as the only state from which more Gen Z people departed than arrived during 2022, according to the latest U.S. Census Bureau data analysis by the Seattle-based real estate...

Weekly Indicators for February 5 – 9 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Most notable is that two of the long leading indicators – interest rates and corporate profits – have turned from very negative to at very least neutral, increasingly suggesting better economic news ahead. As usual, clicking over and reading will bring you up to the virtual moment as to the economy, and reward me...

Cohousing, another way to have multifamily and multigenerational housing. Why Cohousing Could Be the Answer for Aging Baby Boomers, Carbon Upfront, Lloyd Alter In a recent post, Why the future of housing should be multifamily and multigenerational, I mentioned cohousing, which was started in Denmark primarily by young families as a way of sharing resources like childcare. Katheryn McCamant and Charles Durrett summarize it in the...

In Angry Bear’s commentary Looking at the Trump 2017 Tax Breaks, we examined exactly what the TCJA did for citizens. By the end of 2025, the TCJA would add to the deficit an ~$2.2 trillion. If extended, we can expect another $1.5 trillion. Special exempts were written into the bill so those (business interests) who benefited from the tax cuts would have the tax break into the 2030s. We beginning to or are exceeding the nations GDP. RI’s Emily...

And now for something completely different: portents of DOOOM  – by New Deal democrat. February 9, 2024 The lion’s share of the employment news recently has been very good. But not all of it. In particular, several of the annual revisions to the Household jobs Survey, and several other measures of employment and unemployment have been downright gloomy. Since I haven’t discussed them at any length, I thought I would collect them all here....

This is a follow-up to two posts on Tuesday and Wednesday. One topic being “Low Income Consumers” and the other being GAO Prices etc. Neither said the Biden Administration is at fault. If you read Thursday’s report by New Deal Democrat, we are avoiding a recession. Briefly, Much of the cost from pricing increases people are experiencing result from rent-taking by corporations the same as what happened in 2008. They can do it (raise prices)...

Ran across two articles on conservatives, a presidential candidate, and the US Gov. pushing people towards Medicare Advantage plans. I thought I could combine both articles on one post using snippets of information from each. It was too exhausting to do so. I will keep them separate and write each independent of the other. Since I have been writing on healthcare for a while, I typically add my own comments as taken from other sources. This...

Initial jobless claims confirmatory of continued expansion  – by New Deal democrat Initial claims continue at their very low level, declining -9,000 to 218,000 last week.  The four-week moving average rose 3,750 to 212,250. With the usual one-week lag, continuing claims declined -23,000 to 1.871 million: For forecasting purposes the YoY% change is more important. YoY weekly claims are down -0.9%, the 4 week moving average up 4.4%, and...