Unemployment
41 posts
The Great Normalization
Oops: Bloomberg reported on Tuesday after the stock market closed, that the Department of Justice (DOJ) had sent Nvidia a…
The Economic Week Ahead: September 2-6
The shortened week ahead is an important one for labor market indicators. We expect them to show that August'…
US Economy Still Flying High
Today was a Roaring 2020s kind of day. The DJIA jumped to yet another record high. Stock prices rose even…
Powell Confirms Fed's Pivot To Rate Cuts. Doesn't Push Back Against Market Expectations.
Fed Chair Jerome Powell was dovish in his Jackson Hole speech today. He didn't hedge. He didn'…
US Economy Still On Bullish Track
Stock traders took some profits today. They were probably nervous that Fed Chair Jerome Powell will be less dovish tomorrow…
Don't Sweat Tomorrow's Payroll Revisions
Tomorrow, the Bureau of Labor Statistics (BLS) will release its Quarterly Census of Employment and Wages (QECW) for the 12…
Consumers Are Still Shopping, Not Dropping
This morning's data tsunami showed that the labor market remains in good shape and is fueling consumer spending.…
Tough Treasury Auctions Belie Renewed Recession Chatter
US stock prices and bond yields rose today following the release of the latest weekly jobless claims report confirming our…
The Economic Week Ahead: August 5-9
The week ahead is relatively light in terms of economic reports. It's also light on talking Fed heads.…
Beryling Toward Rate Cuts
Some macroeconomic storm clouds are brewing. Markets are fleeing for shelter in Treasuries, leaving behind almost everything else, including their…
Risk On, Risk Off
Today was a good day for the diehard hard-landers and the "stag-disinflationists." They're probably high fiving…