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Nonfarm Payroll Employment

Aug 05 2022

Job Market Suddenly “Laboring”

  • Aug 5, 2022

We cringe when we hear the Treasury Secretary or a regional Fed bank president dismiss the possibility of recession on the basis of “low unemployment and strong job gains.” Those measures are as “laggy” as any economic statistics the government publishes.

Dec 06 2019

Lagging From Behind?

  • Dec 6, 2019

As Yogi Berra might have quipped, it’s not just the leading indicators that are lagging… the lagging ones are, too.

Nov 07 2017

Below “Stall Speed”?

  • Nov 7, 2017

The last few months have served up some of the strongest readings observed during the U.S. economic expansion.