labor demand

Weakening Labor Market Now In All The Data

By |2019-08-06T12:10:20-05:00August 6th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The JOLTS series had always been a seemingly superfluous set of labor numbers for the Bureau of Labor Statistics (BLS). The agency wanted to go deeper into employment when it originally presented these other series in 2002. The unemployment rate seemed accurate enough, but it came at the labor market solely from the view of [...]

The Unemployment Rate Has Been Left Even Lonelier

By |2019-06-10T17:59:23-05:00June 10th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The unemployment rate has been maybe the loneliest of numbers. That didn’t quite mean it was entirely alone. Of the major economic accounts, only the JOLTS series and only one part of that series suggested the big mainstream employment indicator was anywhere close to accurate. Job Openings (JO) have been surging as if companies are [...]

No Surprise, Hysteria Wasn’t a Sound Basis For Interpretation

By |2019-02-27T16:58:16-05:00February 27th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

What gets them into trouble is how they just can’t help themselves. Go back one year, to early 2018. Last February it was all-but-assured (in mainstream coverage) that the US economy was going to take off. The bond market, meaning UST’s, was about to be massacred because the overheating boom would force a double shot [...]

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