Private sector employers in the US — that’d be the businesses on whose shoulders job
Category: economy
2025 Is Worst Year For Job Cuts Since Pandemic
There was good news and bad news from Wednesday’s monthly update on job cut announcements
Lowest Mortgage Rates Since ‘Liberation Day’ Can’t Break Housing Gridlock
Quick, refi! Mortgage rates in the US slipped below 6.80% on the MBA’s gauge in
Trump Tax Bill Hands Richest 0.1% A $120,000 Annual Raise
You gotta hand it to Republicans: Four decades on from the Reagan Revolution, they’ve distilled
Restaurant, Hotel Job Openings Soar Second-Most Ever
Don’t look now, but job openings across the US economy just jumped the most since
Another Month, Another Discouraging Read On American Manufacturing
US manufacturing activity contracted again last month amid subdued hiring and pervasive upward pressure on
BIS Not On The Trump Train
“Blah, blah, blah.” That’s what Donald Trump heard when he read the latest annual report
No Kings Week
It’s another holiday week in the US, where Americans will celebrate that fateful day when
Goldilocks Doesn’t Live Here
This week’s marquee US macro release missed on pretty much every account. On Friday, the
A ‘Pennsylvania Plan’ To Cope With America’s ‘Explosive Debt’
There’s still nothing like a consensus on whether Donald Trump, through word and deed, is
Contract Signings Limp Higher In Beset US Housing
“Good news” is probably too strong, but under the onerous circumstances, it’s fair to describe
Brake Slam
Guess what? The spending impulse in America was negligible during the first three months of
New US Home Sales Plunge, Inventory Piles Skyward
New home sales ran at a slower-than-expected pace in the US last month, disappointing government
US Consumer Confidence Back To Melting
It didn’t last. The surge in US consumer confidence triggered by the perception of a
In US Housing, Total Gridlock
Existing home sales managed a minuscule uptick in the US last month, data released on
Tariff Inflation Evident In Otherwise Decent US PMIs
Demand’s holding up, but price pressures are evident. That was the overarching message from preliminary
Meanwhile, Back At The Ranch…
The marquee event in the days ahead is the onset of World War III, tentatively
Countdown To July 9
According to the ubiquitous people familiar with the matter, a comprehensive US-Europe trade accord won’t
Another Day, Another Concerning Read On US Housing
New residential construction activity decelerated sharply in the US last month, data released on Wednesday
US Jobless Claims Highest For NFP Survey Week Since 2023
There was no evidence Wednesday that headline US jobless claims are set to meaningfully recede
US Home Builders Are Full-On Depressed
Yikes! Let me preface this by saying no one expected an upbeat read on US
US Retail Sales Drop Sharply, But Key Spending Measure Solid
Nominal spending across the world’s largest economy fell more than expected last month, even as
China’s Still Struggling
Deflation delays consumption in a pretty straightforward way: If you think it’s going to cost
Three-Day Week
This is effectively a three-day business week in the US. And it’s summer (not officially
Americans’ Inflation Expectations Plunge Most In Quarter-Century
For the first time since late last year, consumer sentiment improved on the marquee gauge
‘Big Beautiful Bill’ Is Egregious Reverse Robinhood Scheme
The numbers are in and guess what? The GOP’s “big, beautiful” tax bill accrues handsomely
Wholesale Prices Docile As Tariff Spike Fails To Materialize
Another day, another benign read on a key gauge of US price pressures. Wholesale prices
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