Summary: It's time for the monthly festival of misinformation about the jobs report! It is ugly news for investors, the Fed's governors, and Team Trump. But it might -- perhaps -- point to a stronger future for America. The Roman god Janus sees both sides of the news. So should we. This is the second of … Continue reading The March jobs reports shatters dreams, but might point to a stronger future for America
Summary: The new industrial revolution will have its greatest effect on industries that have large imbalances. Like retail, after decades of overbuilding stores. Lots of jobs will be destroyed. Watch closely, other industries will be hit with similar shocks. Hayley Petersen at Business Insider points to the next wave of the industrial revolution: "The retail apocalypse … Continue reading The new industrial revolution hits retail: prepare for mass firings.
Summary: Usually we can only guess at the motives of our senior officials. But on rare occasions they give us clues to their real priorities and objectives. The Fed is especially opaque, so we speculate about their odd rate increases during a slow and slowing economy. Yesterday Janet Yellen explained why. The answer is shocking … Continue reading Surprising revelation: Janet Yellen reveals why the Fed is raising rates!
Summary: Today we learn about all those open jobs for truck drivers, waiting for lazy Americans (or more immigrants) to fill them. It is another bogus "skills shortage" story, revealing much about how America is changing. The road to larger trucking industry profits. The plutocrat revolution against America has many fronts. One of the most important is their … Continue reading So many open jobs for truck drivers! It’s another bogus skills shortage story.
Summary: It's time for the monthly festival of misinformation about the jobs report! The report must be described as exciting in order to generate trade commissions for brokers, clicks for journalists, and triumphs for politicians. Here's the bottom line (it's more interesting than the spin). This is the second of today's posts. The first estimate of … Continue reading Today’s Job Report Shows The Madness Of Our Situation – Ignore At Your Peril
Summary: the key things to know about today's job report. (Second of two posts today.) The December job numbers show that nothing has changed. The US economy remains locked in slow gear, slowly slowing. The exciting stories about growth are mostly noise or cherries picked from the flood of economic numbers. Combined with a hawkish … Continue reading The Red Warning Flags In Today’s Employment Report
The monthly jobs report creates a flood of exciting news stories. Most of these discuss small fluctuations in its many numbers, most of which are just statistical noise. Here are three things you need to know about job and wage growth. They are the key trends seldom mentioned in the news. See my full report … Continue reading Three important things to see in today’s jobs report