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IS OBAMA “THE BEST ECONOMIC PRESIDENT IN MODERN TIMES?”

dollarvigilante.com / By Jeff Berwick / 2014/10/10

This week, people still brainwashed by the two-party system have shared articles with titles like “It’s Official: President Obama Is The Best Economic President In Modern Times.” Taking the clickbait, I dove head first into this article, only to discover it was linking to Forbes, a publication [...]

Will A Hawkish Janet Yellen Be JOLTed By Most Job Openings Since 2001?

zerohedge.com / by Tyler Durden / 08/12/2014 10:48

Now that even the Fed has admitted the BLS’ nonfarm payroll and unemployment rate are meaningless due to the “noise” from a record number of workers dropping out of the labor force, Janet Yellen is left with one fallback “favorite” indicator, the JOLTS survey (Job Openings [...]

Unmitigated Disaster

blog.milesfranklin.com / By Andrew Hoffman / August 4th, 2014

As David Stockman brilliant writes, there is not even a remote mathematical chance of economic recovery, particularly as 10,000 baby boomers will be retiring each day for the next 16 years. A figure, by the way, that would be far higher if not for the rocketing [...]

Nonfarm Payrolls 209,000, Unemployment 6.2%, Employed +131,000

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / August 01, 2014 10:11 AM

Initial Reaction

Counting the upwardly revised 298,000 nonfarm payroll report in June (originally reported as 288,000), this was a decent report.

Yet, digging into the details, the household survey showed a gain in employment of only 131,000. Thus, for the second consecutive [...]

Old Workers Hit New Record High As Jobs For Key 25-54 Age Group Slide By 142K

zerohedge.com / by Tyler Durden / 08/01/2014 09:21

Another month, another case where the primary age group of the US work force, those aged 25-54, gets shafted.

According to the BLS’ household survey, while overall July jobs rose, if modestly less than the 209K revealed by the establishment survey, there [...]

Risk Off As Employment Costs Surge: This Is Where Wages Supposedly Rose The Most

zerohedge.com / by Tyler Durden / 07/31/2014 09:05

While earlier today initial claims disappointed modestly to the upside, the economic print the market has been fascinated by is the otherwise C-grade economic indicator released by the BLS, the Employment Cost Index, which is quite a backward looking (today’s release looked at Q2) at wages, [...]

The Road To Hyperinflation In Simple Pictures

blog.milesfranklin.com / By Andrew Hoffman / July 22nd, 2014

THE ROAD TO HYPERINFLATION, IN SIMPLE PICTURES

Sometimes, even the most poetic, concise text doesn’t do justice to simple graphics. Sure, I could write of this weekend’s dangerous expansion of “Cold War II” – which we can only pray doesn’t turn “hot”; [...]

Rising Wages Where? Real Wages Post First Annual Decline Since 2012

zerohedge.com / by Tyler Durden / 07/22/2014 10:31

For all the talk about “noisy inflation” this and “rising prices are good for the economy” that, what the Fed’s cheerleading squad continues to ignore is the one most important inflation the US economy needs in order to actually have a sustainable recovery instead [...]

Daily Pfennig: Dollar Goes Hog-Wild On Jobs Jamboree!

caseyresearch.com / By Chuck Butler / July 7, 2014 5:57am

In This Issue.

* BLS says 288,000 jobs “created” in June. * Dollar to drift this week with no real data to print. * Later in the week data overseas. * Gold takes it on the chin Thursday!

And Now. Today’s A Pfennig For Your [...]

Only Half Of Office Space Vacated Since Lehman Has Been Reoccupied

zerohedge.com / by Tyler Durden / 07/01/2014 14:19

One would think that with the economy, allegedly, growing at above-trend rates as Goldman has wagered for the second time in 4 years (the first time Hatzius was dead wrong), with jobs being added at what the BLS would have the market believe is [...]

Price Index for Meats, Poultry, Fish & Eggs Rockets to All-Time High

cnsnews.com / By Ali Meyer / June 17, 2014

(CNSNews.com) – The seasonally-adjusted price index for meats, poultry, fish, and eggs hit an all-time high in May, according to data from the Bureau of Labor Statistics (BLS).

In January 1967, when the BLS started tracking this measure, the index for meats, poultry, fish, and eggs [...]

The Myth Of Wage Inflation Comes Crashing Down: Real Hourly Earnings Slide To Lehman Bankruptcy Levels

zerohedge.com / by Tyler Durden / 06/17/2014 09:46

One of the more insidious lies spread by the recently flipflopping cadre of “suddenly” permabullish millionaire sellers of newsletters has been that wages – that most important component of any real, durable, self-sustaining economic recovery – are rising. Maybe they are rising for said [...]

OBAMA’S WAR ON MEN

theburningplatform.com / By JIM QUINN / 3rd June 2014

Obama just keeps breaking records for ineptitude and creating despair. The charts below detail the huge success of his economic policies. I think even liberal morons would agree that men between the ages of 25 and 54 years old SHOULD be working. College is behind [...]

Part 1. The ZIRP Economy Unmasked: Zero Growth In Private Labor Hours Since 1998

davidstockmanscontracorner.com / by David Stockman / June 4, 2014

Every now and again the apparatchiks who dutifully tend Washington’s statistical sausage factories accidently let loose a damning picture of what actually goes on inside. In that vein the BLS has just published the equivalent of a smoking gun. Namely, a study showing [...]

Spot The Odd Job Market Out

zerohedge.com / by Tyler Durden / 05/29/2014 14:14

When the BLS reports the May job number in one week’s time, it will mark a historic threshold: this will be the report when the total number of jobs lost during the financial crisis at the national level is finally recovered, and the US [...]

Another Bell-Ringing Discrepancy: Gallup vs. BLS Unemployment Rate

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / May 8, 2014

In light of the enormous discrepancy between the Household Survey and the Establishment Survey in last Friday’s jobs report, I thought it might be worthwhile to revisit the discrepancy between Gallup and the BLS that I have talked about before.Recall that last Friday the Establishment [...]

Daily Pfennig: Making It All Up, As We Go Along

caseyresearch.com / By Chuck Butler / May 5, 2014 9:03am

In This Issue.

* 234,000 of 288,000 jobs added by BLS… * Factory Orders drop in March. * RBA to meet tonight. * Chuck channels his inner Stevie Wonder.

And Now. Today’s A Pfennig For Your Thoughts.

Making It All Up, As We Go Along.

[...]

Is the Fed really tapering? And why the US$ probably will get weaker!

gold-eagle.com / Gijsbert Groenewegen / May 3, 2014

Is the Fed trying to install misplaced confidence in the economy by saying it is tapering whilst it is really NOT tapering!

I wouldn’t be surprised if the Fed, although they say they are tapering, is not really tapering hence why the 10 y treasury [...]

ADP 220K Print Beats Expectations, Continues To Goal-Seek Historical Revisions To Ape BLS Data

zerohedge.com / by Tyler Durden / 04/30/2014 08:28 -0400

Since ADP is completely useless when it comes to actually hinting at the future and all it does is “confirm” whatever momentum the BLS reports on, today’s print, like all those from the past, is absolutely meaningless. Still, for those who care, the April [...]

GASOLINE AT A NINE MONTH HIGH

theburningplatform.com / 26th April 2014

Have you noticed the mainstream media propaganda machine has been silent regarding gasoline prices? When they are dropping they gush about the huge benefits for the consumer and the economy. When they are soaring, the sound of crickets. They must keep the charade alive.

It seems gas prices have been [...]