Tag Archives: US EConomics

Shot an email off to Kip Sullivan to see what he was up to with Medicare. He returned my email with a copy of a letter he wrote Much going on in this letter I was not aware of and am assuming many other are not aware of either. Still they persist in corporatizing Medicare and private practices into commercialized medicine such as Medicare Advantage. Kips message back to me . . . I’ve been very busy monitoring and commenting on four studies...

Scenes from the January jobs report: revisions changed the picture in the Establishment Survey  – by New Deal democrat Last Friday’s jobs report contained a number of annual revisions which change what the trend line for the last year looks like. Particularly the extent to which there has been continued deceleration, or even a downturn, in a number of significant statistics in the Establishment Survey. In the below graphs, the original...

Job and Wage Growth Surge in January Center for Economic and Policy Research, Dean Baker I believe this report by Dean Baker to be a bit premature. If you are keeping up with New Deal democrat, he cites reasons why this still can go either way at this point. One reason is the Fed’s foot still on the brake. Another is manufacturing workweek is practically screaming “recession.” And U6 underemployment rate increased again. We could be near the...

McDonald’s wants to win back low-income consumers, Laura Bratton @ QUARTZ US customers making less than $45,000 stayed away in 2023. That could continue this year, executive says . . . McDonald’s chief financial officer Ian Borden told investors Monday (Feb. 5) that he’s looking for ways to win back the low-income customers the company lost last year. US consumers whose incomes fall below $45,000 are really important to the fast food...

The Senior Loan Officer Survey makes an important turn   – by New Deal democrat The Senior Loan Officer Survey is a long leading indicator, telling us about credit conditions that typically turn worse a year or more before the economy turns down, and improve just at the economy is ready to turn up. The one downside is that the information is only reported Quarterly, and with a one a one month lag. Which is a way of saying that data for Q4 of...

Employers’ hiring rate fell sharply in 2023, Zhao said. And workers are quitting less. Fewer people are changing jobs. Business Insider. And Jobs are hard to find even with low Unemployment. Open Thread February 2 2024 federal judge tosses disinformation superspreader Robert F. Kennedy Jr.’s lawsuit, Angry Bear ...

This is a good recital by the GAO on Food Prices, its trends, factors affecting it, and how the government plays a role in it. It covers quite a bit of territory on costs and prices pre-2021 and 2021 to 2022. It was those two years when Covid was having an impact on the nation and globally. The impact came in getting food to market, processing it, and making it available. If have some time to review this report, I believe you will come away with...

The following sounds familiar, yes? Not much has changed since the Civil War. Still the same attitude, we belong but only on our terms. The Democrats of the South, now today’s Republicans starve for some type of leadership and glommed on to trump. What a compliment to trump that someone needed him and adored him. The murder of Lincoln was unfortunate. Southerners again had Black Americans under their thumb regardless of constitutional amendments...

Weekly Indicators for January 29 – February 2 at Seeking Alpha  – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. One week ago many of the high frequency indicators hit an “air pocket.” This week some – but not all! – resolved. At present there is one of the more anomalous situations I have observed. Most of the data is not just positive, but frequently strongly so. On the other hand, there is a nagging minority...

U.S. winning world economic war, axios.com, Neil Irwin. The United States economy grew faster than any other large, advanced economy last year, by a wide margin, and is on track to do so again in 2024. Why it matters: America’s outperformance is rooted in its distinctive structural strengths, policy choices, and some luck. It reflects a fundamental resilience in the world’s largest economy that is easy to overlook amid the nation’s...