Category Archives: Employment

Jobless claims, Market pmi, KC Fed manuf index, trucking tonnage, rail traffic

Remain towards the lows, means layoffs still tame: This looks reasonable as well, but the Markit surveys are always suspect, and expectations fell: United States : PMI Services Flash Highlights The manufacturing sector may be sputtering but not the service … Continue reading

Posted in Employment, Fed |

QE, the dollar, and the euro, jobless claims, US trade deficit, Philadelphia Fed survey

So my story is that traders and portfolio managers worried about inflation and currency depreciation from QE caused the depreciation during those periods, covering shorts and restoring dollar weightings after QE ended, returning the dollar to where it was. And … Continue reading

Posted in Currencies, Employment, GDP, Trade |


Better than expected number: Employment Situation Highlights The labor market is stronger than believed. Payroll jobs increased 295,000 in February after healthy increases of 239,000 in January and 329,000 in December. January and December were revised down a net 18,000. … Continue reading

Posted in Employment |

Jobless claims, layoffs, productivity and labor costs, new factory orders

Jobless Claims Highlights Initial jobless claims rose 7,000 to a much higher-than-expected level of 320,000 in the February 28 week. The increase lifts the 4-week average by a steep 10,250 to 304,750. The average is trending roughly 5,000 higher than … Continue reading

Posted in Employment |

jobless claims in select energy states, misc. charts from earlier today and yesterday

Another look at durable goods orders from earlier today: From yesterday:

Posted in Employment, Housing |

Jobless Claims, Durable goods, house prices, cpi

I still don’t see any evidence of a ‘boost’ from lower oil prices. If anything, it’s all gotten a lot softer instead… Jobless Claims Durable Goods Orders Capital Goods Shipments ex Air Y/Y:

Posted in Economic Releases, Employment, Inflation |

Jobless claims, Retail sales

Maybe it’s because lower oil prices merely shift income from sellers to buyers, with capex reductions a net loss to all etc. as previously discussed? Retail Sales Highlights Lower gasoline prices continue to tug down on retail sales. And consumers … Continue reading

Posted in Employment |

Wholesale trade, BOE on Greece, Redbook sales, Jolts

Inventories looking excessive: Wholesale Trade Highlights The economy may be solid right now but inventories at the wholesale level look heavy, rising 0.1 percent in December vs a noticeable 0.4 percent decline in sales at the wholesale level. The mismatch … Continue reading

Posted in CBs, Employment, Greece |

labor market index, consumer credit, China trade, BIS on oil and debt

This is the Fed’s new indicator: Labor Market Conditions Index Definition The U.S. labor market is large and multifaceted. Often-cited indicators such as the unemployment rate or payroll employment, measure a particular dimension of labor market activity. It is not … Continue reading

Posted in China, Employment, Oil |

Jobs, Currency wars, etc.

Heaps stronger than expected: Employment Situation Highlights Today’s employment situation was heavily positive even though the unemployment rate edged up. Payroll jobs gained 257,000 in January after strong increases of 329,000 in December and 423,000 in November. December and November … Continue reading

Posted in Currencies, Employment, Fed, Greece |