What do different measures say about the trajectory (rather than level) of employment? For nonfarm payroll employment: Figure 1: Change since 2023M12 in nonfarm payroll employment from CES (blue), implied from preliminary benchmark (red), implied from Philadelphia Fed early benchmark...
Fears of ‘rogue rewilding’ in Scottish Highlands after further lynx sightings Guardian (Kevin W) News – DNA Study Rules Out Possible Identity for Burial at Jamestown Archaeology Magazine (Anthony L) The scientist who believes he’s found the answer to permanent...
Yves here. It seemed a change in programming might be welcome. So Rikers cats! In all seriousness, the prison cat-carer below hopes to turn her efforts into a training program for inmates. One has to think it would need to...
Contrary to expectations, nonfarm payroll employment surprises +256K vs. +164K Bloomberg consensus. The standard deviation of changes is 85K, with mean +186 (over 2024), which means the surprise is about one standard deviation. Several observers have questioned the accuracy of...
By Lambert Strether of Corrente. Bird Song of the Day Brown Thrasher, Audrey Carroll Audubon Sanctuary, Frederick, Maryland, United States. “Very liquid sound to this birds song. Nice. Human voices and Fish crows in background.” Cows, too. * * *...
Yves here. While the intent of the State Revenue Alliance, to increase state taxes on the very rich, is estimable, the post below suggests that despite putting a lot of effort into this campaign, and even getting some new legislation,...
Yves here. With too much Trump-generated furor, we’ve managed to skip over a potentially important development, that of a possible slow-motion currency crisis/bond market temper tantrum in the UK. To give a sense of sentiment, this is the landing page...
While the old Guaidó lives it up in Florida, at somebody’s apparent expense, the new Guaidó, Edmundo González Urritia, seems determined to spoil Maduro’s party. The former US-selected interim president of Venezuela Juan Guaidó is currently living in Florida, where...
New York’s new congestion fee appears to be reducing commuting times on key routes (see Tyler and this thread from Michael Ostrovsky). The toll only has two rates, however, on-peak (5 AM to 9 PM on weekdays and 9 AM...
Turkish chef recreates 8,600-year-old Neolithic bread Anadolu Agenvy On Moss, Rock, Lichen, and Survival Buttondown California Burning LA wildfires mapped: Palisades and Eaton blazes now cover nearly 30,000 acres Independent. Commentary: So from the production side, the disparity is all...
