Thoughts on the Jobs Report Thoughts on the Jobs Report Last month I commented that on the surface the job reports was the "best back-to-back reports we have seen for years", not as measured by a typical recovery but as measured by this so-called recovery. Beneath the surface things were awful. This month things are [...]
BLS Jobs Report: +54,000, Unemployment +9.1%; Awful at First Glance, Merely Bad Beneath the Surface
Economic Trend
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Jun 032011
US Factory Orders Drop 1.2%, Durable Goods Orders Drop 3.6%, 67 out of 67 Economists Overoptimistic
Economic Trend
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Jun 022011
Add durable goods to the ever-growing pile of stats that suggest the economic growth is slowing rapidly, assuming of course there is any growth at all. The growth everyone is trumping up is in reality a mirage as noted in the excellent column this morning Can We Please Stop Pretending the GDP Is "Growing"? by [...]