According to those seers who are paid to usually be wrong, NFP would show +145,000 jobs after a fairly weak 130,000 last month. The employment situation is flat-lining. You can…
Who is surprised that Payrolls rebounded last month? I am not because this is a notoriously volatile economic data point and one bad month (May) does not a trend make.…
The headline says it all (tap for the MarketWatch story)... Full report here at BLS... And here is the graphical breakdown. The last few NFTRH reports have included the word…
I have got a very choppy day and a suspect internet connection, so let's let Anthony at Confounded Interest break out the details... Jobs Friday! 313K Jobs Added [Higher Than…
Ha ha ha, lucky guess per yesterday's 'playing it straight' article... Click the Bloomy headline for full details... The great swami also nailed the Average Hourly Earnings at in essence,…
[edit] With respect to my buzz phrases noted in the next paragraph, a wiseguy reminds me of my old target on HUI (888), AKA the "3 Snowmen". Wouldn't want to…
Non Farm Payrolls printed a negative number for the first time since 2010. Of course the Hurricanes are in there to large degree but still, it's a worse number than…
With the Semiconductor sector below but hailing its all-time highs, a lot of images come to mind; chief among them the 1999-2000 stock market bubble... In early 2013 we noted…
This week's Notes From the Rabbit Hole included a little Payrolls/Wages related economic discussion before moving on to the usual coverage of stock markets, commodities, precious metals, bonds, currencies and…
The number is a little below estimates, but still fine. Of course, NFP is the laggard of laggards and we've got a leader of leaders, the cyclical SEMI data, presenting…
+151,000... it's not a very good number and so the theme introduced yesterday, of wobbling manufacturing and a potentially wobbling economy, continues. Here is a breakdown, with the usual suspects…
The market had been in a consolidation/mini correction as we have been noting.
Gold is getting clobbered as it should. Let’s please keep it real, because a lot of gold bugs are not going to. The case for gold, silver and commodities rests on an inflationary phase, which strong jobs and wages would indicate out ahead. But for now, the hit to the precious metals is logical.
Our thesis has been that Brexit may have put the final (!) on deflation and the bear phase that had been in effect since late 2014. That view was held…
A short wrap up to the employment situation from NFTRH 385... Hourly wages eased and this, along with the quality (or lack thereof) of jobs created has given the bears…