Tag Archives: US EConomics

I believe the true complaint is people will not work for long for an employer who screws them over on wages. They will take a job. And then the first change they get, they will leave for another job offering higher wages and better benefits. Especially now, when Labor is “still” scarce. Unless of course, they lack education or experience. Even with experience, you may come out on the wrong end of an offer. Working in the fields I did in supply...

I do not believe there is anything shocking enough to get Americans to react to deluge of killings from bullet-spewing-weapons. No matter what happens, everything goes back to the way it was pre-mass murders. In this case we have had multiples of shootings of 4 or more which qualifies as a mass shooting. Our elected officials say their piece and quietly go back to the work of argument. US on track to set record in 2023 for mass killings after...

April industrial production looks great! – until you account for the March revisions  – by New Deal democrat The second of this morning’s three significant economic releases was April industrial production, and here the revisions were very important. In April total production increased 0.5% from March, but March itself was revised downward by -0.5%, so the net result was unchanged. Manufacturing production increased 0.9% from March, but...

Get busy winning, Digby’s Hullabaloo, Tom Sullivan Or get busy watching freedom die . . . Blue America‘s Howie Klein (Down With Tyranny) points to an old idea still current and still popular: FDR’s proposed Economic Bill of Rights (1944). Our political bill of rights, FDR saw, was inadequate for assuring “equality in the pursuit of happiness.” “I see one-third of a nation ill-housed, ill-clad, ill-nourished. The test of our progress is...

Weekly Indicators for May 8 – 12 at Seeking Alpha  – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. There was more slow deterioration in the coincident indicators, but interestingly a bounce in several of the short leading indicators, particularly in the weakness of the US$ (which paradoxically is a positive, because it helps exports and crimps imports). But the biggest news was in one of the twice a month...

This is a pretty good take on what the administration is attempting to do in the US with regard to manufacturing. With some help from Republicans, this could be a change in the US for labor. Labor’s input in manufacturing raw materials and finished product would result in increased income. Much pf Labor could be classified as skilled Labor. “Why Biden’s Domestic Content Incentives Matter,” Roosevelt Institute. Todd N. Tucker Today, the Biden...

I’ve had a lifelong fascination with New York City in general and with Manhattan in particular. My dad grew up in Brooklyn, and my paternal grandparents lived on Long Island (Hempstead) when I was growing up. I went to the 1964 Worlds Fair in Flushing Meadows, and once ate at an automat in Manhattan. When my folks lived on the East Side for two years, I enjoyed visiting them between quarters in college. The Battery, Wall Street, SoHo, Central Park,...

Real hourly and aggregate wages update; plus further comments on consumer and producer inflation  – by New Deal democrat Let’s update some inflation-related information. First of all, real hourly wages for non-managerial personnel increased less than 0.1% in April. They are up about 3% from just before the pandemic, and also up a little over 1% since their June low last year: Note the graph above is normed to 100 as of the long-time...

Yellow flag from initial jobless claims turns a little more orangey  – by New Deal democrat Initial jobless claims rose 22,000 to 264,000 last week, while the 4 week average rose 6,000 to 245,250. Continuing claims, with a one week lag, rose 12,000 to 1.813 million: Note that both measures of initial claims are at their highest levels since late 2021. Continuing claims are also at those levels, although slightly down from three weeks ago....

I wish Biden’s advisors had given him some dialogue rebutting McCarthy’s plan for cuts in programs. It is this type of jawboning which make convince some, not all, citizens the need to change their minds. What is the harm, Republicans will bring to the economy over and above what the FED will incur on Labor. Joe Biden’s remarks on the first meeting with Republicans and their holding United States citizens hostage to protect the 1% of the taxpayers...