Summary Jobs continued their trend: a long period of slow growth, second weakest since 1961 (2001-07 was worse). Worker's wages continued their slow growth, weekly wages up 2.1% YoY for private sector hourly workers. Slow growth doesn't create the imbalances & inflation that cause recession. This could run for another year, and perhaps longer. Such … Continue reading The Important But Hidden News In The Jobs Report
Summary: The previous post described how men are abandoning the rat race and dropping out of the full-time work force. The usual explanations (given without asking them) are that they're pawns of economic and social forces, or neurotic Peter Pans that refuse to grow up. While satisfying to Left and Right and partially correct, these … Continue reading Why men are avoiding work and marriage
Summary: America is changing in ways not easy to see. One is the exodus of men from the labor force, changing both our economy and society. Today's post looks at the facts. Tomorrow's gives a shocking explanation, different than the ideologically pleasing stories given by Left and Right. "Work is the grand cure of all … Continue reading Men are abandoning the rat race, & changing American society
Summary: Since 2010 I have said that the economy is locked in slow-mo and the Fed will not start a new rate cycle. It's even more true today than in 2010. Many investors and economists are convinced that the Fed will soon end its near-zero interest rate policy and begin raising rates - "normalizing them". … Continue reading The Fed Will Not Raise Rates In The Foreseeable Future
Summary: Ignore the Bulls & Bears. Their need for clickbait stories turns noise into news. See the key trends in the jobs numbers, revealing the forces shaping the US economy. The jobs report confirms that the US economy grows slowly, and is slowing. It gives no evidence that the US is accelerating, or that the … Continue reading Ignore The Bulls And Bears. See The Key Trend In The Jobs Numbers.
Summary: Today's job report show one reason we see our world so poorly -- we read the news. Journalists and the experts who make headlines give us exciting stories of constant change. But the world usually changes slowly. Sometimes, as in this economic cycle, slow stable boring growth is the story. That generates no clickbait, … Continue reading The jobs report shows why so many don’t understand the US economy
Summary: Another jobs report, more clickbait headlines about the monthly noise. Here's a look beneath the glitz to the important news. The US economy continues slow steady growth, with continued signs of slowing. Also, 47% of new jobs went to foreign-born workers during the past year. Important matters. Too bad neither the candidates, journalists, or … Continue reading What you haven’t been told about the July jobs report