- by New Deal democrat
My Weekly Indicators post is up at Seeking Alpha.
There were almost no changes to any of the high frequency indicators in any timeframe last week.
Despite that, below the surface, there has been a very gradual weakening of a number of important indicators in both the monthly and weekly data.
The last monthly personal income and spending report was negative on both counts, and on Friday the employment report showed one of the weakest private sector gains in employment, outside of the pandemic lockdown months, in the past 15 years (more on which next week). The report was “saved” by seasonally adjusted state and local hiring gains, which probably had to do with the vagaries of the exact date June school years ended this year.
And in the high frequency data, railroad loads and consumer retail spending have continued to trend more or less slightly downward.
As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and reward me with a little pocket change for collecting annd organizing it for you.
