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March CPI Higher Than Expected, Driven By 16.4% Annual Spike In Utilities, Increase In Shelter Index

zerohedge.com / by Tyler Durden / 04/15/2014 08:47 -0400

Following the hotter than expected PPI data, it was the turn of CPI to come in stronger than consensus had hoped for, and sure enough, moments ago the BLS reported that March consumer inflation printed higher than the expected 0.1%, coming at 0.2% for both headline [...]

Goodbye American middle class: New report reveals that 62 percent of Americans earn $20 or less per hour. Household income stuck in neutral for a generation.

mybudget360.com / by mybudget360 / April 11, 2014

The latest figures from the Bureau of Labor and Statistics (BLS) reveals that 62 percent of Americans earn $20 or less per hour. And this only examines those that actually have a job. Most of the new jobs added since the Great Recession ended have come in [...]

Just Released: Cliven Bundy Live Town Hall Meeting 4-9-2014 Video Recorded Testimony (Heart Breaking Video)

beforeitsnews.com / By Josey Wales / April 10, 2014 11:54

Both Gov. Brian Sandoval and Sen. Dean Heller have condemned the BLS for what they characterize as heavy-handed actions involving Bundy and other Silver State residents.

Cliven Bundy speaking at last nights Moapa Valley Town Board meeting 04/09/14.

READ MORE

Why you should fear inflation: The CPI understates the true nature of inflation. BLS only allocates less than 2 percent to tuition in CPI. Missing big on the biggest expense in housing.

mybudget360.com / April 7, 2014

Some people believe that inflation is simply a part of the normal economy like seeing the sunrise every day. Over time prices will rise on everything, or so the argument goes. I’m not sure if most dig into the question any deeper and question the nature of prices rising. If [...]

Another Fraudulent Jobs Report

paulcraigroberts.org / Paul Craig Roberts / April 5, 2014

Paul Craig Roberts

The March payroll jobs report released April 4 claims 192,000 new private sector jobs. Here is what John Williams has to say about the claim:

“The Bureau of Labor Statistics (BLS) deliberately publishes its seasonally-adjusted historical payroll-employment and household-survey (unemployment) data so [...]

This Chart Is A True Picture Of How QE “Solved” The Unemployment Crisis In America

testosteronepit.com / Wolf Richter / SATURDAY, APRIL 5, 2014 AT 1:14AM

The unemployment rate’s drop from 10% in October 2009 to 6.7% now is rock-solid proof, according to the deafening backslapping noises emanating from the Fed, that the masterfully thought-out, heroically executed money-printing binge and zero-interest-rate policy – lovingly dubbed QE and ZIRP by their [...]

Presenting America’s 20 Best And Worst Paying Jobs

zerohedge.com / by Tyler Durden / 04/03/2014 12:25 -0400

While we fail to see any occupations listed for “insider trading hedge fund managers” or “high frequency market manipulators” in the just released list by the BLS listing the number of workers and wages earned for all official US occupations, we supposed it will have to [...]

Price of Ground Beef Climbs to Another Record High

cnsnews.com / By Ali Meyer / March 18, 2014 – 2:49 PM

(CNSNews.com) – The seasonally adjusted price index for uncooked ground beef jumped 3.8 percent from January to February, as the average price for a pound of 100-percent ground chuck rose from approximately $3.59 in January to a new record high of $3.73 in [...]

Why Unemployment Rates Matter to Your Retirement

news.goldseek.com / By Dennis Miller / 13 March 2014

My biological clock is ticking—as is yours and everyone else’s. With each passing day, you are either moving closer to or further past the day you quit working full time. Baby boomers are retiring at a rate of 10,000 per day and will [...]

Amazon Hikes Cost Of Prime Membership By 25% To $99

zerohedge.com / by Tyler Durden / 03/13/2014 09:05 -0400

We wonder just what hedonic adjustments the BLS will use to explain away the implied inflation from this 25% increase in Amazon Prime membership fees. Prefunding the cost of friendly drone deliveries (which Tesla may soon desperately need if it wants to sell its cars direct)? [...]

Daily Pfennig: Chuck’s Spider Sense Tingling Was Bang On!

caseyresearch.com / By Chuck Butler / March 10, 2014 9:08am

In This Issue.

* BLS goes against ADP and ISM. * Currencies lose lofty figures on jobs report. * China posts Trade Deficit! * Gold loses $1,350 again!

Chuck’s Spider Sense Tingling Was Bang On!

Good Day! And a Marvelous Monday to you! Well, ½ [...]

BLS SAYS JOBS ARE PLENTIFUL – BUY STOCKS!!!!

theburningplatform.com / 7th March 2014

Our friends at the Bureau of Lies and Scams put out their propaganda report on the current state of our blossoming jobs recovery this morning. It was another hoot. Their cohorts on Wall Street set the bar extremely low, so the dreadful fake number would beat expectations and drive the [...]

No Raise For You: Earnings Growth Drops To New Post-Lehman Lows

zerohedge.com / by Tyler Durden / 03/07/2014 09:18 -0500

The “good news” about today’s jobs report – the weather is no longer a factor and monthly jobs can resume ramping higher. Supposedly. Because the “bad news”, according to the BLS, is that weather actually was a factor, however not for the number jobs but hours [...]

What Inflation? Here Are The Various Components Of The CPI Basket

zerohedge.com / by Tyler Durden on 03/03/2014 18:24 -0500

Earlier today we pointed out a curious divergence: while owner equivalent rent, the measurement of imputed costs of renting, has risen to the highest since the Lehman failure, total non-shelter core CPI continues to decline. What is notable is that OER amounts to 23.9% of [...]

Prediction #4

blog.milesfranklin.com / Andrew Hoffman / February 10th, 2014

Coincidentally, the two books I am reading regard the same topic; i.e., the human response to catastrophe. In Stephen King’s The Stand, said reaction is elicited by a plague that kills 99% of the population. However, in the other book I am reading – which I will [...]

Daily Pfennig: Another Disappointing Jobs Jamboree!

caseyresearch.com / By Chuck Butler / February 10, 2014 8:27am

In This Issue.

* Currencies & Gold rally on jobs data. * Norwegian inflation soars! * Emerging Markets in for a bumpy ride. * Yellen to talk to lawmakers this week.

And, Now, Today’s Pfennig For Your Thoughts!

Another Disappointing Jobs Jamboree!

Good Day! And [...]

Spot The “It’s All The Weather’s Fault” Lie

zerohedge.com / by Tyler Durden / 02/07/2014 09:54 -0500

December and January saw dismal job gains based on the NFP data… but as we now know, thanks to Zandi and Liesman, that we should ignore it because it’s all about the weather. So, confused, we looked at the number of employed people [...]

BLS Revises Historical Job Numbers Higher By Half A Million: A Look At The “Before” And “After”

zerohedge.com / by Tyler Durden / 02/07/2014 09:20 -0500

With the HFT brigade selling then buying, and trying to goalseek an explanation of why this happened after the fact, one key aspect of today’s release that was ignored is that the BLS just revised its Establishment Survey data, in the process changing [...]

Daily Pfennig: A Jobs Jamboree Frozen Friday!

caseyresearch.com / By Chuck Butler / February 7, 2014 8:19am

In This Issue.

* Central Bank Meetings are duds. * RBA MPS is hawkish! * Gold does its daily burn. * Paul Craig Roberts on Gold Manipulation.

And, Now, Today’s Pfennig For Your Thoughts!

A Jobs Jamboree Frozen Friday!

Good Day! And a Happy Friday, [...]

Despite Dismal Jobs Report, “This” Is What Just Sent Equities Higher

zerohedge.com / by Tyler Durden / 02/07/2014 08:58 -0500

Ugly jobs report in which not even the spin brigade could find anything to cheer, after even the BLS said the atrocious December print was not due to the weather when it did not revise the December number? No worries: here is what the market is [...]

Initial Jobless Claims Flat At 8-Month Average

zerohedge.com / by Tyler Durden / 02/06/2014 08:38 -0500

Initial jobless claims fell 20k from a previously revised up 351k (the highest in a month) and hovers at the the average level of the last eight months as the downward trend in this apparently key indicator has broken. The BLS cites nothing [...]

Treasury Sells First Floating Rate Notes In Heavily Subscribed Auction

zerohedge.com / by Tyler Durden on 01/29/2014 11:41 -0500

Moments ago, the US Treasury sold its first $15 billion in 2 Year Floating Rate Notes, providing investors with yet another product that “protects” against inflation, following the 1997 introduction of TIPS, which courtesy of their linkage to the official BLS hedonically and seasonally-adjusted definition [...]

Chart Of The Day: JOLT Quit/Discharge Ratio

stawealth.com / by Lance Roberts / Wednesday, January 22, 2014

Today’s chart of the day is presented with little comment. One of the most disturbing and revealing dynamics in the latest Bureau of Labor Statistics (BLS) Job Opening Labor Turnover Survey (JOLT) report is that the ratio of people who are [...]

The New Normal Paradox: All The Job Gains With Half The Hiring?

zerohedge.com / by Tyler Durden on 01/17/2014 13:40 -0500

While everyone obsesses over the monthly payrolls report, which on a trailing 12 month basis is once indicating the creation of roughly 2 million jobs each year, or roughly where it was before the crisis (red line chart below), one aspect that is largely ignored [...]

Employment vs. Jobs Discrepancy – December 2013 Data

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Friday, January 10, 2014 3:02 PM

The wide discrepancy between jobs and employment continues for a third month.Jobs vs. Employment Discussion

Before diving into the details, it is important to understand limits on data, and how the BLS measures jobs in the establishment survey vs. employment in the household [...]

So, Who’s Lying?

zerohedge.com / by Tyler Durden / 01/10/2014 09:15 -0500

As was reported to mass jubilation on Wednesday, the ADP private payrolls number soared to the highest monthlychange since November 2012, a 238,000 increase driven by what the report said was a 48,000 increase inconstruction jobs. ADP’s Mark Zandi went on [...]

The End of QE?

blog.milesfranklin.com / Andrew Hoffman / January 8th, 2014

This morning, ADP reported an increase of 238,000 private sector jobs during December. The fact that just a year ago, ADP admitted to overstating jobs growth by 419,000 in 2012 is somehow considered “immaterial”; as is the fact that the “leader” in such growth was supposedly construction [...]

ADP Payrolls Add 238K Jobs In December On Construction Surge, Highest Print Since November 2012

zerohedge.com / by Tyler Durden / 01/08/2014 08:29 -0500

Unless ADP is forced to revise its December print following the BLS report on Friday (which in keeping with the baffle with BS tradition should be a major disappointment), the Fed will have no choice but to taper by another $10 billion at the next [...]

Wide World of Horrible Headlines

blog.milesfranklin.com / Andrew Hoffman / January 6th, 2014

As any homeowner knows, sometimes the need to “housekeep” grows too overbearing to ignore. In other words, when dust overruns one’s bedroom, kitchen and office, it must be addressed. As is the case with “horrible headlines” in the economic world; which globally speaking, are accumulating at [...]

Initial Claims Tumble Even As 1.3 Million Americans Are Set To Stop Collecting Benefits

zerohedge.com / by Tyler Durden / 12/26/2013 08:46 -0500

Despite the BLS claiming no states estimated their data and the previous week’s apparently errant (but significantly not revised lower), the claims data this week saw its biggest week-over-week percentage drop since January 2006 (which ironically almost perfectly bottom-ticked the previous ‘recovery’ claims improvements). Continuing claims, [...]