Existing-Home Sales End Four-Month Decline, Increase 1.3 Percent
Tyler Mitchell Existing home sales rose 1.3 percent. Tack on a small positive revision, and sales rose 1.5 percent from…
BLS Revises Jobs Down by 818,000 the Most Ever, About 68,000 Per Month
Do I get to say I told you so? My advance estimate a month ago was 779,000 lower.…
Was the Real Jobs Revision Negative 818,000 or Negative 915,000?
I calculated -915,000. Every headline said -818,000. I finally gave up and posted 818,000 but noted a discrepancy.…
Ford Cancels Plans for Electric SUV, Expects a $1.9 Billion Loss
Say goodbye to a vehicle that never should have been conceived in the first place. Customers don’t want…
A Breakdown, by Sector, of the Negative 818,000 BLS Job Revisions
Yesterday morning, I had difficulty finding the BLS job revisions. So did everyone else. Eventually the BLS posted…
The Share of People Seeking a Job Is the Highest Level Since 2014
A New York Fed survey shows a huge increase in the percent of job seekers. It’s especially pronounced…
Improving the McKelvey Recession Indicator, No False Negative or Positive Signals
Adding the job vacancy rate to the McKelvey (Claudia Sahm) recession signal eliminates false negatives and false positives,…
Expect Favorable CPI and PCE Inflation Reports for Two More Months
The BLS published CPI numbers for July . PCE, the Fed’s preferred measure of inflation, won’t be published…
Nord Stream Pipeline Blowback: Germany to Stop All New Aid to Ukraine
We now have an answer that I long suspected. Ukraine blew up the Nord Stream natural gas pipeline…