household survey

6 min read 2020-05-09 03:23:58

Serious Bending Of The “V”

Is it already priced in? Depends, of course, on who you ask and more importantly which market is carrying out the presumed discounting. Stocks

4 min read 2020-04-04 03:22:34

The unemployment rate wins again. In a saner era, back when what was called economic growth was actually economic growth, this primary labor ratio

5 min read 2020-03-07 03:04:55

It’s about time. I’ve been writing for years that the payroll reports are, mostly, irrelevant. That’s never how they are received, though, some

6 min read 2020-01-12 01:59:59

The Bureau of Labor Statistics (BLS) has begun the process of updating its annual benchmarks. Actually, the process began last year and what’s

4 min read 2019-12-07 05:23:49

If last month’s payroll report was declared to be strong at +128k, then what would that make this month’s +266k? Epic? Heroic? The superlatives

5 min read 2019-08-02 22:47:12

You never fixate on a single employment report. It is a lesson that Jay Powell may not have yet learned. Either that, or he was desperately grasping

4 min read 2019-07-05 23:32:29

It’s never about a single payroll report. Even still, there’s something significant in how the “good” ones aren’t measuring up the way they

5 min read 2019-06-07 23:09:23

It’s never just one payroll report. The month-to-month changes in the Establishment Survey barely qualify as statistically significant, let alone

6 min read 2019-05-03 23:24:30

If the unemployment rate reaches zero and wages still don’t explode higher, the economy falls off, will Economists, central bankers, and the media

5 min read 2019-04-05 23:20:26

Milton Friedman was right about a lot of things. He was wrong about quite a bit, too. The stuff where he erred is what central banks now do in his