BLS

Data Says Fed Is Making A Mistake

"While raising rates will accelerate a potential recession and a significant market correction, from the Fed’s perspective it might be the ‘lesser of two evils. Being caught near the “zero bound” at the onset of a recession leaves few options for the Federal Reserve to stabilize an economic decline. In other words, they already likely realize they are screwed."

The Pin To Pop This Mother Of All Bubbles?

"...even more egregious than the misinformation is the complete inappropriateness for the media to praise economic 'strength' while ignoring the role of debt in bringing about the growth being celebrated. If the 'prosperity' is simply due to a drunken debt-binge, it should be criticized, not lauded."

Credit Card Defaults Surge Most Since Financial Crisis

The steep increase in credit card defaults in 1Q’17 and 4Q’16 was the largest since 2009, according to a report by Moody's, which suggests that the US consumer is getting progressively weaker and is unable to support the spending needed to keep the US economy afloat.

Futures Flat, Market Anxiety Eased By European Bank Rescue

European and Asian stocks, as well as S&P futures were little changed ahead of "Super Thursday's" events which include the U.K. general election, Comey's testimony and the ECB policy decision. That however may change following a Bloomberg news report that the ECB is set to cut inflation forecasts through 2019 due to weaker energy prices, suggesting the "hawkish" ECB announcement some had expected tomorrow has been postponed.

Elderly Americans Are Taking Their Grandkids' Summer Jobs

Despite apparently encouraging circumstances, teenage workforce participation rates are at their lowest levels in more than a decade. Why? Because teens these days are facing stiff competition from Americans over the age of 65 – i.e. their parents and grandparents.

Where The May Jobs Were: It Was All About Minimum Wage Again

How is it that with the labor market supposedly near full employment, and the unemployment rate sliding to a post 2001 low of 4.3%, wages simply can not rise? The answer was once again to be found in the quality of jobs added.

People Not In Labor Force Soar By 608,000

In May, a whopping 608,000 American exited the labor force, as the number of people not in the labor force surged to 94.983 million, up from 94.375 million in April.