Update 829 — Jobs Gains Up Again in November; Crypto Friendly SEC Pick among New Trump Noms. This morning’s jobs report, showing 227,00 jobs added to the economy and unemployment ticking up to 4.2 percent in November, indicates that the labor market remains strong after labor action and extreme weather led to low job gains in …
Update 822 – Last Data Before the DecisionContextualizing the October Jobs Report In the final days of the 2024 campaign season, the three notable macroeconomic data drops we saw this week will become voters’ last impressions and focus of economic talking points as candidates close out their cases. The October jobs report, released this morning, …
Update 808 — Sprint: September and Beyond:FY25 Budget, Harris Tax Proposals, Jobs Report This week’s leading macroeconomic news: the August jobs report, which showed that the American labor market has solidly shifted into lower gear, with job gains, 142,000 for the month, notably cooling. Also, Democratic presidential nominee Kamala Harris debuted a new set of …
Update 801 – Job Gains Slow to 114KAs Congress Heads for August Recess This morning’s weaker-than-expected jobs report showing just a net 114,000 positions added in July suggests that the Fed’s decision earlier this week to hold interest rates steady instead of initiating cuts may have been too hawk-ish. With the labor market still strong, …
Update 666 — Jan. Jobs Gain of 517KGood News but a Quandary for the Fed Today’s blow out jobs report indicated US employers added 517,000 jobs in January – many more than forecasters had estimated and a spike not seen since July of 2022. The report brought mixed reactions. In a speech this morning, Biden …
Update 661 — A Soft Landing in 2023?Jobs, CPI, Tracking Fed Plane in the Sky As we enter a new year, the economy appears to be on the mend. Last year, inflation began accelerating and stayed elevated throughout. As yesterday’s CPI report makes clear, prices continue a descent thanks (only in part) to the Fed’s …
Update 645 — Industrial Policy 2.0:A New Era in Economic Investment? As the 117th Congress draws to a close and the 118th Congress draws closer, most major legislative priorities outside of the FY22 budget and NDAA have been disposed of. A signal accomplishment of this Congress — obscured from view but present in some of …
Update 612 — Running on the Economy The Part of the Glass That is Half Full You run on the economy you have, not the one you had planned on. In part one of two perspectives on running in this economy, we start today with the glass-half full. Per Friday’s glowing jobs report, the U.S. …
Update 606 — Fed’s 50 bp Rate Hike:Tight Labor Market Cause and Effect Per this morning’s jobs report, the US economy added 428,000 jobs in April, average hourly wages are up 5.5 percent from a year ago, and unemployment stayed at a mere 3.6 percent – a near 50-year low – showing that Americans are getting back …
Update 580 — Enough Sinema Verite:Rays of Hope in the Economic Picture Senators Manchin and Sinema doubled down yesterday on their opposition to Senate filibuster reform and in essence, the critical voting rights package adopted by the House yesterday, which needs a reform of the Senate filibuster rule’s 60-vote threshold to pass. You might be …
