Oh no, Mr. Bill! Average hourly wages are up big. Too much prosperity. Capitalism is working too well. The Fed must now cause a recession.
US Jobs
US Jobs
Friday, November 4, 2022
Something for everyone. Powell will love it that the unemployment rate ticked up, because he doesn't want so many people working. We will love it because there were almost three times as many new payrolls as there were new worker (we like it when people are working).
US Jobs
Friday, October 7, 2022
The weakest payroll gains this year, but markets are acting like that's not nearly weak enough to slake Powell's thirst for the poverty of American workers.
US Jobs
Friday, September 2, 2022
Neat trick to fool Powell -- the unemployment rate is up, but it's because the labor force expanded (yes, the "over-tight" labor force that wasn't supposed to be able to expand -- that one).
US Jobs
Friday, August 5, 2022
We hate to be the ones to say it... but with a blockbuster payroll number, should we be concerned that more than the whole thing is due to seasonal adjustments?
US Jobs
Friday, July 8, 2022
Another big payroll number, another big beat. The village steadfastly refuses to destroy itself. Lieutenant Powell is just going to have to save it.
US Jobs
Friday, June 3, 2022
The retail conundrum continues. Another great jobs report -- except that the retail sector shed 60,000 payrolls.
US Jobs
Friday, May 6, 2022
428,000 net payroll gains doesn't exactly point to an imminent recession.
US Jobs
Friday, April 1, 2022
The unemployment rate now just 15 bp from the died-and-gone-to-heaven pre-pandemic benchmark -- and it's that good for every ethnic, gender and education-attainment group.
US Jobs
Friday, March 4, 2022
A good payroll number. But an unbelievably good payroll number on top of January's unbelievably good payroll number, which was slightly revised higher. Huh?