Saturday, January 16, 2021

Weekly Indicators for January 11 - 15 at Seeking Alpha

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   - by New Deal democrat My Weekly Indicators post is up at Seeking Alpha . While initial jobless claims have continued to worsen, there i...
Friday, January 15, 2021

Good news (industrial production) and bad news (retail sales)

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    - by New Deal democrat This morning’s two reports on industrial production and retail sales for December were a case of good news and ba...
Thursday, January 14, 2021

Jobless claims highest in three months - but seasonality still playing a huge role

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   - by New Deal democrat On a unadjusted basis, new jobless claims rose by 231,335 to 1,151,015. Seasonally adjusted claims also rose by 18...
Wednesday, January 13, 2021

December inflation: real aggregate wages fall as real average wages rise due to compositional effects

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    - by New Deal democrat Consumer inflation typically rises as expansions continue, and declines once recessions start. Once a recovery be...
Tuesday, January 12, 2021

November JOLTS report shows renewed impact of pandemic, partial lockdowns

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   - by New Deal democrat This morning’s JOLTS report for November (remember - a month in which there were total job gains) showed a jobs ma...
Monday, January 11, 2021

Scenes from the December jobs report

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    - by New Deal democrat Friday’s December jobs report saw the first decline in employment since the lockdowns of March and April. Let’s t...

Programming note

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   - by New Deal democrat Four year ago I wrote a valedictory piece about the Obama Administration, and separately wrote of my fears of what...
Saturday, January 9, 2021

Weekly Indicators for January 4 - 8 at Seeking Alpha

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   - by New Deal democrat My Weekly Indicators post is up at Seeking Alpha . Although yesterday’s employment report was negative, there is ...
Friday, January 8, 2021

December jobs report: I told you so - jobs actually declined in December; BUT employment primed for takeoff once pandemic abates

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    - by New Deal democrat Important: There was a huge amount of seasonality in this report. This is common for December, but the issue was ...
Thursday, January 7, 2021

Jobless claims start 2021 continuing flat to increasing trend; negative December jobs number increasingly likely

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    - by New Deal democrat On a unadjusted basis, new jobless claims rose by 77,400 to 922,072. Seasonally adjusted claims declined by 3,000...
Wednesday, January 6, 2021

Coronavirus dashboard for January 6, 2021: new infections vastly outpacing vaccinations

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   - by New Deal democrat Total confirmed COVID-19 infections: 21,046,195* Infections last 7 days average: 219,253 Total deaths: 357,258 De...
Tuesday, January 5, 2021

December ISM manufacturing index: manufacturing, like housing, is “on fire”

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   - by New Deal democrat Data for December 2020 started out this morning with the ISM manufacturing index. The bottom line is: it was excel...
Monday, January 4, 2021

November construction spending confirms building surge

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   - by New Deal democrat One of my consistent themes in the past few months has been how the housing market is priming the economy for str...
Saturday, January 2, 2021

Weekly Indicators for Dece3mber 28 - January 1 at Seeking Alpha

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   - by New Deal democrat My Weekly Indicators post is up at Seeking Alpha . In a sparse data environment, it continues to stand out how su...
Friday, January 1, 2021

Happy New Year 2021!

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   - by New Deal democrat Wishing all of my readers a happy, healthy, and better 2021! I started writing online 17 years ago, and have been ...
Thursday, December 31, 2020

Final jobless claims of 2020 continue to show lack of progress

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   - by New Deal democrat New jobless claims declined for the second week in a row this week, but are still significantly above their recen...
Tuesday, December 29, 2020

Coronavirus dashboard for December 29: a final look back at the pandemic disaster in 2020

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    - by New Deal democrat Total US confirmed cases: 19,132,726* Average cases last 7 days: 184,005 Total US deaths: 333,118 Average deaths ...