BLS

PPI Comes In Hot: Core Producer Prices Jump Most Since 2014

While retail sales came in disappointing for the month of November with October revised downward, the Fed, which is certain to hike rates, got some help guiding its decision when moments ago PPI, or the Producer Price Index for Final Demand came in far hotter than expected, rising 0.4% in November, well above the 0.1% expected, and above last month's unchanged print.

Why The Mainstream Media Is Freaking Out

In a democracy, trust must be earned. It cannot be imposed. The days of captive audiences are over. The monopoly on "news" and propaganda has been broken for good.

Breaking Free From The Captured Media

In its panicky rush to demonize the independent media via baseless accusations of "fake news," the mainstream press has sunk to spewing "fake news" of its own.

Not Remotely Data Dependent

Should the FOMC “hike” in December, it will again have nothing to do with economy or recovery.

Multiple Jobholders Hit New All Time High As Part-Time Jobs Soar

A new warning has emerged when looking at the number of Multiple jobholders, or people who are forced to hold more than one job due to insufficient wages or for other reasons: when observed on an actual basis, the number of multiple jobholders just rose to 8.107 million, a new record high print for the 21st century.

Payrolls Rise 178K As Unemployment Rate Tumbles To 4.6% But Average Hourly Earnings Worst Since 2014

While the headline November payrolls print came in almost on top of expectations at 178K, vs consensus of 180K there were two big surprises in today's report, one being the unemployment rate which plunged from 4.9% to 4.6%, well below the 4.9% expected, but the biggest negative surprise was that the Average hourly earnings in November dropped by 0.1%, far below last month's 0.4% rise, and below the 0.2% expected

Payrolls Preview: Unemployment Rate Expected To Drop (But Blame The Weather & Calendar If Not)

A series of stronger than expected data in recent days pushed Goldman Sachs to up their payrolls growth expectation to 200k (above the 180k expectations), but they note that while the unemployment rate is likely to drop (to 4.8%), average hourly earnings may disappoint. Of course, they add, any non-narrative-confirming misses on the data can likely be explained away by "weather effects and residual seasonality."

Labor Market Rolling Over: Hiring Below 2014 Levels, Despite Rising Job Openings

Confrming that the US labor market is indeed rolling over, despite the near record (if modestly declining) number of job openings, the pace of hiring has failed to keep up, and slid once again in September, declining by 187,000 to 5.081 million. It was also lower than the September 2014 number of hires which was 5,092 million.

Diving Into The Medical CPI: Are Your Medical Expenses Up Only 5% From Year Ago?

Obamacare is on the death bed. Costs have soared, huge premium hikes are in the works for 2017, and benefits have been slashed. Meanwhile, the BLS posts preposterous statistics and the Fed seriously underestimates how much consumers are getting clobbered. Rate hikes cannot possible be the cure for this mess.