South Carolina

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."

Trump Names Former Political Opponent As UN Ambassador, Replacing Anti-Putin Samantha Power

In the first woman appointment to Trump's administration, South Carolina Govenor Nikki Haley has accepted the president-elect's offer to be his ambassador to the United Nations, NBC News reported this morning. If confirmed, Haley would succeed Samantha Power, who served as President Barack Obama's U.N. ambassador since 2013, and who has been the most vocal opponent of the Russian regime's overtures.

Illinois Capital Flight Explained (In 4 Simple Charts)

IRS data show the average income of taxpayers leaving Illinois surpassed the average income of taxpayers entering the state by $20,000 in 2014, a record loss for Illinois in the wake of the 2011 income-tax hike.

Trump Considering Ted Cruz For Attorney General

Donald Trump is considering nominating Texas Senator Ted Cruz to serve as U.S. attorney general, Bloomberg reports citing a person familiar with the matter. The choice would come as a surprise after Cruz called Trump a "pathological liar", a "narcissist", "serial philanderer", "utterly amoral" and a "sniveling coward" during a vicious primary race between the two republicans.