recovery

The hidden truth about job growth, lost amidst the statistical noise & optimists’ hopes

By / 10 Comments / 8 February 2015

Summary: The key thing to know about the latest job report is the same thing to know about all 2014’s job reports: there has been no change to the trend. No sign of the acceleration so confidently forecast by so many. This confirms the other economic indicators, amidst the slowing world economy. Leave the analysis …

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Status report on the US economy: stand by for the boom!

By / 4 Comments / 30 September 2014

Summary:  It’s time for another look at the US economy. Economists have lots of enthusiasm. Lots of bad news, blamed on the severe winter that hit much (but not all) of America. Has the data warmed up? Is it Springtime in America? Content Stand by for the boom! About housing, a driver of the recovery …

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The astonishing news about the December jobs report: it shows continued slow growth

By / 8 Comments / 30 September 2014

Summary: Manufacturing is strong, household income is growing (driven by gains for the top quintile). Employment is the weak link in the recovery. The news media focuses on the monthly changes, mostly noise. Strong months confirm the narrative; excuses explain the weak months. In fact the economy’s trend remains locked near the 2% stall speed …

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The October jobs report: confusing, probably showing continued steady growth

By / 7 Comments / 5 February 2015

Summary: Employment is the weak link in the recovery. The news media focuses on the month-to-month changes in the jobs report, which consist mostly of noise. Strong months confirm the optimists; weak months confirm the pessimists. In fact the trend of growth remains the real story, with the US economy near stall speed (jobs and …

The October jobs report: confusing, probably showing continued steady growth Read More »

The September jobs report: more too-slow growth, no signs of the expected acceleration

By / 1 Comment / 5 February 2015

Summary: Employment is the weak link in the recovery. The news media focuses on the month-to-month changes in the jobs report, which consist mostly of noise. Strong months confirm the optimists; weak months confirm the pessimists. In fact the trend of growth remains the real story, with the US economy near stall speed (jobs and …

The September jobs report: more too-slow growth, no signs of the expected acceleration Read More »

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