zerohedge.com / by Tyler Durden / 02/26/2015 09:09
In today’s deluge of macro data, one number stood out: the parallel release by the BLS of the real average hourly earnings, which is simply taking the previously reported nominal hourly wage data, and applying whatever deflator gets released in parallel by the BLS. And, not […]
zerohedge.com / by Tyler Durden on 02/24/2015 13:22
Originally posted at The National Inflation Asscoiation,
The Walt Disney Company announced yesterday that it has significantly raised the price of a single-day admission ticket to Magic Kingdom at Walt Disney World in Lake Buena Vista, Florida. Last year, Disney sold Magic Kingdom tickets for $99, […]
blog.milesfranklin.com / by Bill Holter / February 10th, 2015
Yesterday we looked at the situations in both Ukraine and Greece, and how they are both out of money which makes them potential “flash points” for reality to set in. What I’d like to talk about today are the various “slights of hand” and why a […]
zerohedge.com / by Tyler Durden on 02/10/2015 11:54
One just has to laugh while reading the following hilarious attempt to justify the cognitive dissonance by Bank of America’s analysts – and everyone else for that matter – who were oh so certain that tumbling (if not any more) gas prices would translate into a […]
caseyresearch.com / By Chuck Butler / February 6, 2015
In This Issue.
* It’s all about U.S. jobs today. * China moves to export capital. * Sentiment moves markets these days! * Denmark moves negative rates wider.
And Now. Today’s A Pfennig For Your Thoughts.
It’s A Jobs Jamboree Friday!.
Good Day!… And a Happy […]
zerohedge.com / by Tyler Durden / 02/06/2015 10:41
As already observed, when it comes to tracking the job losses in the energy space, the BLS had some rather significant “seasonally-adjusted” or otherwise issues in January, reporting just 1.9K job losses in the oil and energy exploration space, when the reality was orders of magnitude […]
zerohedge.com / by Tyler Durden / 02/06/2015 09:52
One of the convenient things about the sharp plunge in crude and its subsequent and acute impact on energy company staffing levels, is that due to its concentrated nature one can keep track of precisely how many layoffs corporations in the energy sector announced in January. […]
zerohedge.com / by Tyler Durden / 02/06/2015 09:06 -0500
As reported first thing this morning, in addition to the jobs and wages numbers, perhaps just as importantly, the BLS would revise its entire 2014 jobs data series, which it did today as it noted:
Establishment survey data have been revised as a result of the […]
zerohedge.com / by Tyler Durden / 01/28/2015 08:47
Who can forget the farce conducted by Canada’s labor statistics office back in August when, as we reported, “Canada Releases Atrocious Jobs Data; Then Revises It Above The Highest Estimate Following Public Outcry.” It was then that we got our first hint that when it comes to […]
caseyresearch.com / By Chuck Butler / January 21, 2015
In This Issue.
* N.Z. 4th QTR CPI .8% YOY. * Nowotny boosts the euro for the day. * BOE members could have just asked Chuck. * Germany gets 120 tonnes of Gold back!
And Now. Today’s A Pfennig For Your Thoughts.
Gold Is Back to […]
zerohedge.com / by Tyler Durden / 01/02/2015 10:24
There is a simple reason why Zero Hedge has been doggedly following the not seasonally adjusted all-important New Orders number component of the ISM (see Fooling All The Experts With Seasonal Adjustments, All Of The Time). That reason is that as a result of flawed Arima-X-12 […]
zerohedge.com / by Tyler Durden / 12/05/2014 10:12
The ink isn’t dry yet on the amazing midterm drubbing of the democrats over what most Americans said were deteriorating economic issues and a recovery that continues to only be there on BLS goalseeked paper, and lo and behold, here is Obama, about to boast about […]
zerohedge.com / by Tyler Durden / 11/18/2014 09:38
The bad news in today’s PPI inflation report: pork prices surged yet again, rising 6.8% on the month, and up 24% from a year ago, while beef/veal costs rose by 2.1% on the month to a record indexed 251.8% (we dread to wade through the BLS […]
zerohedge.com / by Tyler Durden on 11/10/2014 11:40
When it comes to inflation data, there are two parallel sources: the BLS, and ShadowStats’ John Williams, who continues to plough through the underlying “data” using pre-pre-pre-revision protocols, and every month reveals a parallel universe in which something shocking is revealed: the truth. Here is his take […]
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 […]
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 […]
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 […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / August 01, 2014 10:11 AM
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 […]
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 […]
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, […]