Yves here. This post documents a part of the toll of Israel’s ethno-supremacist campaign in the Middle East that gets little attention. The paucity of coverage should be no surprise given the limited coverage of deaths and injuries in Gaza...
Yves here. Confirming Wolf’s account of the reaction to the unexpectedly strong new jobs report and labor data revisions, the currency market has reacted as if the Fed rate cuts are off the table for now. Emergency market currencies fell...
ZeroHedge and EJ Antoni assert yes, relying on the household series… Figure 1: Total change in civilian employment (bold black), change attributable to government employment (blue bar), to private (tan bar). Source: BLS CPS, and author’s calculations. If it seems...
The recovery continues, with a recession hard to see (even incorporating the preliminary benchmark revision without caveat). A snapshot of indicators followed by the NBER’s Business Cycle Dating Committee, plus monthly GDP. Figure 1: Nonfarm Payroll (NFP) employment from CES (blue),...
Here’s the current situation: Figure 1: Civilian employment over age 16 (blue, left log scale), nonfarm payroll employment (tan, right log scale), both in 1000’s, seasonally adjusted, both as of 10/4/2024. Source: BLS via FRED. The arrows denote local peaks....
Private nonfarm payroll employment surprises on the upside (big time): 223K vs 125K consensus (total NFP 254K vs. 147K consensus). Moreover, the previous two months’ data were revised a total of 46K. Here’s a graph of reported September and August...
By Lambert Strether of Corrente. Bird Song of the Day Blue Mockingbird, Carretera Federal 196, Guerrero, MX (17.465, -100.166), Atoyac de Álvarez, Guerrero, Mexico. * * * In Case You Might Miss… New RCP chart (it’s tied) and newCovid charts...
In the same way that Molière’s bourgeois gentilhomme realized that he had been speaking prose all his life, yours truly has realized that one of the reasons I had a good run as a consultant and now as a commentator...
Yves here. This article raises an important topic, not just societally but in terms of government responsibility. Richard Murphy below depicts the UK as having threadbare palliative care for the dying. US hospice care in theory is more robust. From...
