BLS

Restaurants In D.C. Slash Jobs After Minimum Wage Hike

In yet another stunning example of the unintended consequences of minimum wage hikes, restaurants in Washington D.C. are slashing jobs.  "The last time DC experienced restaurant job losses in five out of six consecutive months was 25 years ago in 1991, and the last time 1,400 jobs were lost over any six-month period was 15 years ago during the 2001 recession."

Weekend Reading: Willful Blindness

The problem for individual investors is the “trap” that is currently being laid between the appearance of strong market dynamics against the backdrop of weak economic and market fundamentals. Ignoring the last two to chase the former has historically not worked out well.

Producer Prices Unexpectedly Slide -0.4%, Missing Expectations, As Prices For Clothing, Jewelry, Beef Tumble

Just as moments ago a far weaker than expected retail sales report once again confounded economic watchers who, in the aftermath of the second month of surprisingly strong payrolls, were expecting the upward momentum to continue, so at the same time we got the latest producer price report, according to which PPI for final demand decreased 0.4% in July. 60% of the decrease in prices for final demand services is attributable to margins for apparel, jewelry, footwear, and accessories retailing, which fell 6.0 percent, while a major factor in the decrease in the index for final demand goods was prices for beef and veal, which fell 9.8%.

Import Prices Dip For 24 Consecutive Months As China Exports Most Deflation In 6 Years

Following May's 1.4% MoM spike - the highest since 2011 on the back of rising energy prices - June's import prices rose an upward revised 0.6% MoM, while moments ago we learned courtesy of the BLS that in July import prices barely stayed positive, rising just 0.1% sequentially, and down 3.7% compared to last July. This is the 24rd month in a row of year-over-year import price declines with China's exported deflation at 2010 lows.

2016 Will End With Economic Instability And A Trump Presidency

The reality is, they cannot hide an economic collapse forever.  Negative financial effects are going to touch ground somewhere, and the data is going to sneak through...the globalists have created the conditions by which an economic crisis can be triggered at the time of their choosing (within certain limits)... and they need the economy to turn unstable in order to create a rationale for a centralized economic authority and a single global currency system.

Job Opening Rise As Hiring Rebounds After Sharp Drop; Number Of Workers Quitting Drop

Moments ago the BLS reported Janet Yellen's favorite labor market indicator, the JOLTS survey, which showed that in June (recall this report is 1 month delayed to the payrolls report), the number of job opening rebounded from a revised 5.514 million to 5.624 million, modestly missing expectations of 5.675 million largely in line with the range.

US Futures Flat; Bonds Rise, Dollar And Oil Slide Over US Productivity Collapse Fears

Following yesterday's muted action which saw the S&P500 close unchanged, it has been more of the same listless trading overnight, with US equity index futures little changed as the Nikkei fell on the back of a stronger Yen, while government bonds rose and European stocks reversed early gains following the BOE failed bond monetization operation. Crude oil dropped for a second day after Saudi Arabia told OPEC that it pumped a record 10.67 million barrels of oil a day,

Ignore The Latest Jobs Data Hype: The Worst Expansion In 30 Years Continues

Expansions just keep getting weaker and weaker, and total payroll employment today is only 3.5% above what it was back in 2008 (compared to 20% growth from 1991 to 2000). Simply put, when we take discouraged workers and involuntary part timers into account, we're still experiencing some of the highest unemployment numbers in 20 years.

The Warren Buffett Economy: How Central-Bank-Enabled Financialization Divided America

Needless to say, the above outlandish graph does not capture capitalism at work. Nor did the speculators who surfed upon this $45 trillion bubble harvest their monumental windfalls owing to investment genius. Instead, it is the perverted fruit of Bubble Finance, and there is no better illustration of this bubble surfer syndrome than the sainted Warren Buffett.

"Jobs Data Nowhere As Strong As Headline" - Analysts Throw Up On Today's Seasonal Adjustment

According to MUFG strategist John Herrmann, the "jobs headline overstates" strength of payrolls. He adds that the unadjusted data show a “middling report” that’s “nowhere as strong as the headline" and adds that private payrolls unadjusted +85k in July vs seasonally adjusted +217k. He believes that the government used a "very benign seasonal adjustment factor upon private payrolls to transform a soft private payroll gain into a strong gain."

No High School Diploma? No Problem: Here Are The Best Paying Jobs For You

For those who want to join the fastest growing segment of the workforce (by educational level, or rather lack thereof), while having saved themselves the hassle of not only years of college, but also highschool, and certainly a lifetime of repaying student loans, here is what you have to look forward to: according to the BLS, these are the 35 highest paying occupations that require no formal educational attainment.