Needless to say, the BLS didn’t do itself any favors in the credibility department with
Category: economy
US Inflation Suddenly Collapses In ‘Lucky’ Break For Trump
I don’t know what we’re supposed to make of Thursday’s inflation report from Donald Trump’s
Divided And Unpopular, BoE Resumes Rate Cuts As Joblessness Surges
You can thank “subdued economic growth and slack in the labor market” for a holiday
Tax Hike Goes Wrong As UK Youth Unemployment Soars
Ahead of what’s now a guaranteed rate cut from the Bank of England on Thursday,
The Most Convoluted US Jobs Report Ever
The US labor market’s sputtering. If you had to extract a takeaway — the overarching
Rich Americans Probably Still Spending, Government Suggests
Americans — I should probably say rich Americans — are still spending. Or at least
China Reports Retail Sales Disaster. Investment Decline Deepens
The Chinese economy put up an especially lackluster showing in November, according to data released
Long, Lost US Jobs Data, BoJ Hike Headline Packed Macro Docket
It’s a big week for US macro data. On Tuesday, the BLS will release a
China Readies ‘Largest-Ever’ State Semi Program With 500 Billion AI Plan
When it comes to industrial policy, no one does it quite like the Chinese. That’s
Walking And Chewing Gum
The policy rate’s in the neighborhood of neutral and having delivered 75bps of cuts since
China Discovers Cure For Deflation: Gold
I noticed people have given up trying to pretend China’s not shin-deep in a disinflationary
More Layoffs, Fewer Quits Add To Evidence Of Labor Market Cracks
There were 7.67 million job openings across the US economy on the last business day
Maybe Trump Does Have A Macro Plan For 2026
Over the weekend, in “Dead End,” I suggested The White House has no real plan
Middle-Class Should Do Well In 2026. The Poor, Not So Much
Good news for the middle-class in America. Statements like that should always be accompanied by
Trillion-Dollar Man
China’s export machine rumbled back last month after sputtering in October, a relief for an
What To Expect From 2025’s Final FOMC Meeting
A rate cut. That’s what to expect. Spoiler alert, I know. The Fed will deliver
‘Relatively Dismal’: Another Month, Another Record Mood Low
Could’ve been worse? That’s a question. I’m not sure of the answer. The preliminary read
The BEA’s Open!
The BEA’s open. Hooray! After a lengthy blackout brought on by the longest US government
Melting Jobs Market Mocks Trump’s ‘Golden Age’ Narrative
How seriously should we take alternative measures of the world’s most important macro readout? That
Hiring Plans Lowest in 15 Years As Christmas Hires Plunge
Last month, one unfortunate soul with tens of thousands of social media followers took it
2025 Becomes Fifth Worst Year Ever For US Job Cuts
For just the third time since 2008, US firms announced more than 70,000 job cuts
Small Businesses Turn On GOP With 120,000 Mass Layoff
A year ago, Donald Trump’s presidential second coming triggered the largest increase on the marquee
Stagflation Mercifully Eases Across Vast US Services Sector
When all else fails — as it appears to be currently — you can always
Trump Loses The Labor Market
Donald Trump just lost it. The US labor market, I mean. Sure, you could argue
American Manufacturing’s ‘Forever Recession’ Rolls On
Another month, another lackluster read on the US manufacturing sector which, according to Donald Trump,
Business As (Un)usual
It’s jobs week in the US. Sort of. In the normal course of business, the
‘Just Forget It’: US Home Sellers Are Giving Up
You know what? Forget it. That’s what scores of American home sellers said in September,
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