by Administrator | Sep 1, 2018 | No Spin News
Changes in producer prices [PPI] generally lead to changes in the same direction in consumer prices [CPI]. As such, we think that we will see higher CPI readings over the rest of 2018 and into 2019. What we don’t know is how the Federal Reserve will react. Subscribe...
by Administrator | Aug 30, 2018 | No Spin News
Single family permits continued to run at a pace consistent with the expansion phase of the business cycle. What will be interesting is to see whether they can generate the same track and trend they did in the final four months of last year. Some observers are...
by Administrator | Aug 29, 2018 | No Spin News
The long end of the yield curve continues to trend sideways after pricing in the first two increases in the Federal Funds Rate. The peaks and valleys you see since trading day 50 are headline driven events. The two headlines the bond market is looking for are 1) the...
by Administrator | Aug 26, 2018 | No Spin News
While doing some work on another project I happened upon this series and the one on the next chart and I thought I would share them with you for the next several months. You are intimately familiar with the Unemployment Rate, which is the ratio of the number of...
by Administrator | Aug 24, 2018 | No Spin News
Now that we know something about the composition of the employment gain, we can start to look into what happened to unemployment. Just so you know, it is possible for the number of people employed and the number of people who are unemployed to increase at the same...
by Administrator | Aug 23, 2018 | No Spin News
The BLS asks every survey respondent (they survey 60,000 households every month) whether they are working full-time or part-time. Those who answer part-time are then asked whether they are working part-time because they have to or because they want to. Those who...
by Administrator | Aug 22, 2018 | No Spin News
The BLS breaks out part-time employment into two categories. This one counts the people who have to work part-time. They do so because they can only find part-time work, their employer limits their hours to less than 35 per week either because of slack work or because...
by Administrator | Aug 20, 2018 | No Spin News
The same way as I had to open the scale on nonfarm payrolls, I had to open the scale on this chart. For those of you new to the report, total civilian employment breaks down into full-time and part-time employment. And those partitions are what we are next going to...
by Administrator | Aug 19, 2018 | No Spin News
Let’s wrap up the Establishment Survey, which is the official name for the report that produces all of the payroll numbers, with a couple of notes. The first was that I had to open the scale on this chart, which is something I enjoy doing. The second is that the...
by Administrator | Aug 17, 2018 | No Spin News
The news on wages remains unimpressive, with the line on this chart still struggling to make it past the 3% level. About the only nice thing we can say here is that the line is still in a rising trend mode. Subscribe now!
