Tag Archives: US/Global Economics

October jobs report: a very strong report putting to rest questions about the strength of the expansion  In the light of the last two month’s relatively “poor” jobs readings, an important question was what was going to happen with revisions. As we will see below, they really delivered! – big positive revisions to both of the last two months’ numbers. Additionally, I have been watching manufacturing hours and payrolls, to see if that white-hot...

Layoffs, wages, and labor costs: three measures of the labor Boom, New Deal democrat Initial claims declined another 14,000 this week to 269,000, and the 4 week average declined 15,000 to 284,750, both new pandemic lows: For the past 50 years, initial claims have only been at these levels briefly at the peak of the late 1990’s tech boom, and from 2015 to just before the pandemic in 2020. Continuing claims also declined 134,000 to...

Layoffs, wages, and labor costs: three measures of the labor Boom, New Deal democrat Initial claims declined another 14,000 this week to 269,000, and the 4 week average declined 15,000 to 284,750, both new pandemic lows: For the past 50 years, initial claims have only been at these levels briefly at the peak of the late 1990’s tech boom, and from 2015 to just before the pandemic in 2020. Continuing claims also declined 134,000 to...

September Trade Deficit Rises 11.2% to a Record High on Lower Exports of Precious Metals, Oil & Oil Products and Capital Goods, MarketWatch 666, Commenter and Blogger RJS Our trade deficit rose by 11.2% in September as the value of our exports decreased and value of our imports increased…the Commerce Dept report on our international trade in goods and services for September indicated that our seasonally adjusted goods and services trade...

September Trade Deficit Rises 11.2% to a Record High on Lower Exports of Precious Metals, Oil & Oil Products and Capital Goods, MarketWatch 666, Commenter and Blogger RJS Our trade deficit rose by 11.2% in September as the value of our exports decreased and value of our imports increased…the Commerce Dept report on our international trade in goods and services for September indicated that our seasonally adjusted goods and services trade...

Economist and Farmer Michael Smith Introduction Well, Its About to Become Worse as Urea prices jumped to a record strong demand creating supply shortages. Food prices to increase . . . And the Details I was recently sitting on a conference call with a fertilizer analyst and a bunch of monocrop growers, generally feeling out of place with my few dozen pounds of peppers, cucumbers and radishes sitting in cold storage while they go over...

Economist and Farmer Michael Smith Introduction Well, Its About to Become Worse as Urea prices jumped to a record strong demand creating supply shortages. Food prices to increase . . . And the Details I was recently sitting on a conference call with a fertilizer analyst and a bunch of monocrop growers, generally feeling out of place with my few dozen pounds of peppers, cucumbers and radishes sitting in cold storage while they go over...

Commenter and Blogger, RJS MarketWatch 666 3rd quarter GDP, September’s income and outlays, durable goods, & new home sales The key economic reports that were released this week were the 1st estimate of 3rd quarter GDP and the September report on Personal Income and Spending, both from the Bureau of Economic Analysis ….the week also saw the release of the advance report on durable goods for September and the September report on new home...

Commenter and Blogger, RJS MarketWatch 666 3rd quarter GDP, September’s income and outlays, durable goods, & new home sales The key economic reports that were released this week were the 1st estimate of 3rd quarter GDP and the September report on Personal Income and Spending, both from the Bureau of Economic Analysis ….the week also saw the release of the advance report on durable goods for September and the September report on new home...

Theft of alien labour time is a miserable foundation In the early 1980s, I was riding home from work on a bus and looked out the window at a Toyota pickup truck alongside. I was overwhelmed by the realization that I could never in my life make such an object by hand, even if I had a well-supplied metal workshop. From that perspective, how could I hope to own such an item? I did own a Volkswagen Rabbit but somehow the pickup truck made more of an...