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, [...]
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”; [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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.
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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.
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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)? [...]
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 [...]