To say there’s considerable debate about the extent to which enhanced unemployment benefits are holding
Category: economy
Joe Biden Fixes Capitalism In 31 Short Pages
Maybe it’s just me, but it feels like every other speech and soundbite emanating from
The Blank Check Rant
It’s nice to see some initiative, but I’ll admit to being a bit annoyed when
China’s ‘Dovish Pivot’: What’s The Message?
China was the only major economy that managed to grow in 2020, a bitter pill
Jobless Claims Tick Higher Amid Ongoing Labor Friction
373,000 Americans filed for unemployment benefits last week, more than anticipated. The prior week’s level,
The Growth Scare Is Here
Over the past two weeks (give or take), I’ve argued that markets were teetering precariously
Are You Awesome?
“Where are all the job seekers?,” asked The Indeed Hiring Lab, in the color accompanying
Technocrats And Their Deliberations
Why did a handful of technocrats raise their projection for where the panel on which
Sand In The Gears
US job openings rose 16,000 to 9.21 million at the end of May, the BLS
Wanted: Someone To Serve These Drinks
Activity in the US services sector is robust, but perhaps cooling at the margins. That’s
The Perils Of Normalization
Not all “notables” make for the most exciting reading. In fact, some notables are downright
A Somnolent Summer Drift?
You might be inclined to suggest the holiday-shortened week is destined to be an uneventful,
‘Numbers!’ Under The Hood Of The June Jobs Report
The US economy added more jobs than expected in June, a welcome development to be
‘Just’ 6.8 Million To Go!
The world’s largest economy added 850,000 jobs last month, the BLS said Friday. The headline
Before We Dismiss The PhDs…
It’s easy to make inflation jokes these days. They write themselves. But the punchlines feel
‘No End In Sight!’ US Manufacturing Beset By Disruptions, Shortages
US manufacturing activity was robust in June, while price pressures continued unabated. That was the
US Jobless Claims Fall Most In Months As Uptick Proves Fleeting
After consecutive disappointments, jobless claims were back on track in the week to June 26.
US Firms Add 1 Million Leisure And Hospitality Jobs In 3 Months
Private sector employers added 692,000 jobs in June, ADP said Wednesday. That was considerably more
Consumer Confidence Surges, S&P Hits Goldman’s Year-End Target
US consumers are getting more confident by the month. Or at least according to The
Shark Tank And The Federal Child Savings Plan
I’m consistently vexed by the perturbation headlines about Progressive policy proposals elicit among large segments
Drizzle, Drudgery And Drugs
I’d say nobody cared about the June vintage of the Dallas Fed survey but… Actually,
‘The Next Question’: Socially Useful Counternarrative
One of the reasons I gently (and ironically) discourage people from consuming too much in
A (Very) Uncomfortable Take On Inflation
[Editor’s note: When I set about writing this, I had something different, albeit tangentially related,
Probably Not The Swan You’re Looking For
Market participants will be treated (and I’m not sure that’s the right word in the
Charlie Brown Christmas Tree
“Young adults remain disproportionately affected by the economic shock,” the Center for Economic And Policy
Wall Street Versus Main Street (Again)
It’s scarcely worth mentioning on a Friday in June (“If a tree falls in the
Benign Data Brings Rare Downside Inflation Surprise
Personal incomes fell less than expected in May, while spending was unchanged, government data showed
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