Tag Archives: US EConomics

Throughout history, there have been times when some human minds shone brilliant lighting the way forward for us all. For much of time, their light could be said to be enough. Never omniscient, but enough. At these times, these big minds saw far enough ahead to lead us forward. Along the way, our world has become more and more complicated. So complicated that even our best and brightest minds may not be capable of dealing with all the variables...

Reader Dan – On Water – Angry Bear According to a University of Arizona researcher, “society is losing $2.4 billion per year because the Colorado River’s water” no longer flows all the way to the Gulf of California. ~~~~~~~~ And that problem, still exists today as states argue about Colorado River water rights and keep on building inefficient new communities. It is all about the politics of growth and the water to sustain it. A Century...

Weekly Indicators for December 4 – 8 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. The coincident data keeps getting better and better, while interest rates remain very negative. The question, as it has been for months, is whether those interest rates finally case the short leading indicators to roll over. As usual, clicking over and reading will bring you up to the virtual moment as to the...

This makes sense unless you want to hang around the airport for a while to catch another flight to Cleveland or Toledo. If you are observant, there is another route into Canada. All that is missing is an express to Chicago. Amtrak proposal would link Detroit, DTW, Toledo, Cleveland | Crain’s Detroit Business, crainsdetroit.com, Anna Fifelski The latest revision to Amtrak’s Cleveland, Toledo, Detroit/Pontiac corridor proposal now includes a...

November jobs report: signs of considerable strength, but warning signs of considerable weakness as well  – by New Deal democrat Yesterday I wrote that “In tomorrow’s jobs report, my focus will be on whether the data is most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration has been continuing;” and more specifically:  .My expectation, based on real consumer spending, is that there is likely to be...

Initial claims continue to forecast expansion; further slight deceleration in employment, unemployment, and wages most likely tomorrow  – by New Deal democrat This morning we had our last look at initial jobless claims before tomorrow’s November jobs report. On a weekly basis, claims rose 1,000 to 221,000. The four week average rose 500 to 220,750. With a one week delay, continuing cliams declined 64,000 from last week’s 2 year high to 1.861...

What is interesting about NDd’s latest is his identifying manufacturing playing “a much smaller role in the total US economy now than it used to in the decades after WW2.” He identifies another factor occurring before the start of a recession. It has become increasingly necessary for spending on services to falter as well. Real consumer spending forecasts continuing jobs deceleration  – by New Deal democrat As I’ve written many times over...

October JOLTS report: yet one more month in the ongoing decelerating trend  – by New Deal democrat  All of the major metrics in this month’s JOLTS report for October continued to show deceleration. Here are openings (blue), hires (red), and quits (gold), all normed to 100 just before the pandemic: As you can see, at 98.1 and 103.9 respectively, both hires and quits are virtually identical to where they were before the pandemic. Meanwhile...

On a YoY basis manufacturing is the star of the show. But note from the historical graph that residential construction previously has turned down first, with manufacturing and other non-residential construction lagging (likely because of long lead times and the extended duration of completing projects). A big increase holds up construction spending in October; and construction spending is holding up the economy  – by New Deal democrat...

This is a combination of two different posts. The first part is by the NCRC, the National Community Reinvestment Coalition. It offers up a wealth of detail expressed in numbers defining the issues confounding Native Americans. It is very brief and I would hope you follow the link to a larger array of statistics defining the issues. The second part is by the Economic Policy Institute. It is comparing the situation before the pandemic and after the...