ECONOMY

ECONOMY

A Stern Note to Readers

While we encourage well-informed, well-argued, and sometimes energetic discussions, rancor is another matter. Yesterday, a long thread on Lambert’s post on the RFK, Jr. speech where RFK, Jr. excoriated the contemporary Democratic party and endorsed Trump too often descended into...

ECONOMY

Different Counts of NFP Gains

All show gains since January 2023, save the CPS based. Figure 1: Cumulative change in NFP employment according to CES (bold black), implied preliminary benchmark (blue), early benchmark (tan), Goldman Sachs estimate (light blue square), CPS adjusted to NFP concept...

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