BLS

The Greater Depression - Part 1

The corporate mainstream media faux journalists scorn and ridicule anyone who makes the case we are currently in the midst of another Great Depression. They are paid to peddle a recovery narrative to keep the masses ignorant, sedated, and distracted by latest adventures of Caitlyn Jenner and the Kardashians. An impartial assessment of the facts reveals today’s Depression to be every bit as dreadful for the average American as it was in the 1930s

"August Curse" Continues As Payrolls Miss, Rise By Only 151,000; Hourly Earnings Disappoint

With Wall Street expecting another solid month of payroll growth, following multiple-sigma outlier prints in June and July, the whisper expectations was for a miss on the back of the previously discussed "August Curse" which has seen a consistent miss in the month of August for the past decade, and that is precisely what happened when moments ago the BLS reported that in the month of August only 151K jobs were added, missing the 180K consensus by nearly 30,000 jobs.

These Are The Best And Worst U.S. Cities To Own A House

For those lucky Americans who can afford to own a house instead of being stuck renting the New Normal American dream (where they are prohibited from peddling fiction as their annual rent increases by 10% or more each year), here is the breakdown of the best and worst cities, if only from the perspective of price appreciation in the U.S.

Why A Record Number Of College Grads Are Working Minimum Wage Jobs

Increasingly more low wage employees are those with a college education as they are unable to leverage their diploma credentials to get a better paying job, as the only ones hiring are those seeking minimum-paid workers. This means that the share of college grads working minimum wage jobs is now an all time high; jobs which barely cover the cost of living, let along covering interest expense on student loans.

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.