Saturday, November 12, 2022

Weekly Indicators for November 7 - 11 at Seeking Alpha

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   - by New Deal democrat My Weekly Indicators post is up at Seeking Alpha . Although a few indicators are holding up, in the past month th...
Friday, November 11, 2022

Real average hourly wages and real aggregate payrolls for October

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   - by New Deal democrat With yesterday’s report on October consumer prices, we can up two of my favorite measures of how the working/middl...
Thursday, November 10, 2022

October CPI report: total inflation increasing at 3.5% annual rate, core inflation minus shelter increasing at 2.8% annual rate in the past 4 months

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   - by New Deal democrat For a full year now  I’ve been hammering the fact that the official CPI measure of housing inflation, “owners’ eq...

Jobless claims: still holding steady

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    - by New Deal democrat Initial jobless claims rose slightly, by 7,000, from one week ago to 225,000. The 4 week average declined -250 to...
Wednesday, November 9, 2022

Some Big Picture comments on the 2022 midterm elections

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    - by New Deal democrat No economic news today while we await tomorrow’s big inflation report (Hint: shelter inflation is going to contin...
Tuesday, November 8, 2022

Coronavirus dashboard for November 8: the new alphabet soup of variants fails to generate a new wave (so far)

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   - by New Deal democrat Biobot has not updated since late last week, showing COVID particles at or near 6 month lows both nationwide: and...
Monday, November 7, 2022

Scenes from the October jobs report: deceleration and deterioration, but no downturn signaled

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   - by New Deal democrat No economic news of note today or tomorrow, except the (very late) Q3 Senior Loan Officers Report this afternoon,...
Saturday, November 5, 2022

Weekly Indicators for October 31 - November 4 at Seeking Alpha

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   - by New Deal democrat My Weekly Indicators post is up at Seeking Alpha . Data doesn’t move relentlessly in one direction, and this week ...
Friday, November 4, 2022

October jobs report: late cycle deceleration and deterioration

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    - by New Deal democrat With the sharp increases in interest rates, and the complete stalling of real consumer spending measured YoY, sin...
Thursday, November 3, 2022

The Fed appears determined to cause a Volcker-like recession

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   - by New Deal democrat Yesterday the Fed raised rates another 0.75%. In the past 8 months, the Fed has raised rates a total of 3.75%. Thi...

Jobless claims: steady as she goes

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   - by New Deal democrat [ Special programming note: yesterday’s Fed action, and more important the statements made afterward, merit specia...
Wednesday, November 2, 2022

September JOLTS report: despite the increase in openings, the decelerating trend in the game of reverse musical chairs remains intact

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   - by New Deal democrat In 2021 and earlier this year, the jobs market was typified by a game of reverse musical chairs in which there wer...