BLS

Donald & The "Maestro"

A Clinton Presidency would assuredly mean a continuation of the ruinous policies of Greenspan and his successors.  The election of Donald Trump could not only mean a new direction in monetary policy, but the public demotion of the likes of Alan Greenspan who will hopefully fade into the sunset never to be heard or seen from again.

"Stagflation": Core CPI Highest Since Lehman As Rent, Healthcare Costs Soar

"The Fed is increasingly F#ked," exclaimed one veteran market participant as Core CPI - among The Fed's favorite inflation indicators - surged to +2.3% YoY, the highest since Sept 2008. This is the 10th month in a row above the Fed's mandated 2% 'stable' growth as shelter and healthcare costs continue to surge.

Small Business Survey Trips Economic Alarms

The problem for the Fed is that once again the window for a “rate hike” has likely closed. Economic uncertainty, deflationary threats, and market volatility will keep them boxed in for now. Unfortunately, the recent spike in LIBOR has likely already done a bigger job of tightening monetary policy than the Fed actually intended to do. This could cause problems in the not too distant future.

What "Obama Rebound"? Average Weekly Wages Declined In Most US Counties

Average weekly wages for the nation decreased to $1,043, a 0.5 percent decrease, during the year ending in the first quarter of 2016. Among the 344 largest counties, 167 had over-the-year decreases in average weekly wages. McLean, Illinois (part of the Bloomington metro area), had the largest percentage wage decrease among the largest U.S. counties (?13.3 percent).

What's The Real Unemployment Rate? That's The Wrong Question

The truth is the unemployment rate is a political number, not an economic one. If we want an accurate snapshot of employment, earned income and the state of small business, we have hard data that is already collected quarterly. Common sense suggests we will get more value from hard data than from politicized guesswork.

With All Eyes On The ECB, Catatonic Global Markets Remain In State Of Near Paralysis

As the market's comatose trading range continues with no notable moves for nearly 40 consecutive days, there is some hope volatility may return after today's main event, the ECB's announcement due in just two hours, when Mario Draghi may surprise the market in either direction. As of today, the S&P500 has held in a band of 1.5% for 39 days, the narrowest ever for that length of time.

Job Openings In The US Unexpectedly Jump To Record High, As Pace Of Hiring Fails To Keep Up

Moments ago the BLS reported Janet Yellen's favorite labor market indicator, the JOLTS survey, which as expected (since it tracked the far stronger than expected July payrolls) showed that in July the number of job opening rebounded from the June drop to 5.643 million, jumping by over 200K jobs to a new all time high of 5.871 million, nearly 300K more than the 5.580 million expected.

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.