On July 4th, a little more than a week ago, the White House made the preposterous claim that holiday food was cheaper than last year. Everyone who buys groceries knew that level of propaganda was unmitigated nonsense and the consumer pricing data released today shows exactly that…
What Hurricane: Full-Time Jobs Soar by 935,000, Biggest Increase in the 21st Century…
Not only was there much confusion ahead of the September payrolls report, there was just as much confusion inside it, because while the market decided to ignore the 33,000 drop in payrolls (as per the Establishment Survey), the first monthly decline in 7 years and instead focus on the just as widely expected spike in […]
U.S. Lost 33,000 Jobs in Sept Due to Effects of Hurricane Harvey and Irma…
Where The November Jobs Were: Accountants, Nurses, Waiters, Government And Part-Time Workers…
Something remains very broken with the US labor market: while the unemployment rate just dropped to the lowest since August 2007, wage growth dropped as well and on a year over year basis, rose just 2.5%, far below the 3.8% it was when the unemployment rate last hit 4.7%…