unit labor costs

Not Only No Labor Shortage, Latest Labor Market Data Is Closer to Rate Cuts

By |2019-05-02T16:03:27-04:00May 2nd, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Yesterday, the FOMC altered its view of household spending and business capex. It wasn’t a huge difference, they never are. Figuratively, these sorts of downgrades are little by little even though if things were ever to go the right way the language upgrades wouldn’t be subject to so much reservation. There isn’t much in the [...]

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 [...]

Economic Report: 4th Quarter Productivity

By |2009-02-05T11:43:48-05:00February 5th, 2009|Markets|

Productivity, or output divided by hours worked, in the US non-farm business sector increased to a 3.2% annual rate over the last three months of the year, according to the Bureau of Labor Statistics. This number is a huge positive, since economists had forecast a much smaller 1.1% increase, but it is probably due to the fact that [...]


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