Nonfarm Payroll Employment
Aug
05
2022
Job Market Suddenly “Laboring”
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?
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”?
The last few months have served up some of the strongest readings observed during the U.S. economic expansion.