Construction Employment, Contractors, Jobs
As I mentioned in earlier this year, we sold our house, and moved late March. Since settling in, we started some work on a house that was...
Brilliant Economists Can’t Figure It Out
Tom Toles perfectly sums up both the present economic environment, and the problem with economists:
Real Income Fails to Rise for most of the 2000s
I’ve been talking about this for years, but I am glad to see quantifiable proof has now been adduced. According to IRS data:...
A Closer Look at July NFP (or, true UR = 5.4%)
>"Officer Barbrady, I call shenanigans!" >Friday’s Non-farm payroll passed with very little commentary, as many...
The Accelerating BLS Birth/Death Adjustment
I’ve mentioned the B/D adjustment over the years, and how its become an increasingly large portion of the reported BLS new jobs....
How Good Was NFP Really?
Whoever wrote the headline for today’s WSJ is our latest nominee for Peyote spokesman of the month. I don’t know gets the...
Why I don’t buy the 4.5% Unemployment Rate
Where is the wage pressure? That’s the question on my mind as we await today’s NFP. Yesterday saw a stronger than expected...
LEIs: Is the Economy Poised to Expand?
One of the reasons I push back against certain mainstream coverage of economic events is that through a combination of cheapness and...
More on NiLF & the Unemployment Rate
We mentioned Labor Force Participation Rate over the weekend. It is worth exploring a bit further. One of the lesser noted aspects...