Weekly Jobless Claims 231,000
The weekly jobless claims have finally spiked up to 231k and we are wondering if this is the beginning of the next economic downturn phase. From CNBC: Initial filings for…
BLS: JOLTS & Productivity
The BLS released the March JOLTS report yesterday and this morning we have the productivity report. First from the BLS on JOLTS: JOB OPENINGS AND LABOR TURNOVER – MARCH 2024The…
Fed: No Rate Cut
The Fed held rates steady and there is a great write up on the policy changes over at CNBC. The most interesting thing the Fed has said, “Beginning in June,…
BLS: Q1 2024 Employment Cost Index
The BLS released the Q1 Employment Cost Index today and it shows employment cost up 1.2 percent over the expected 1 percent indicating more persistent inflation. From the BLS: EMPLOYMENT…
Labor Shortages: Farm To Table
Two articles discussing how labor shortages are impacting farming and the eventual effect on restaurants. From Texas Standard: Diane Charlton, an associate professor at Montana State University who studies where…
March 2024 – Top US Trading Partner Inflation
It’s time to check in on global inflation and things continue to crawl along at nearly 3 percent inflation but with oil remaining stubbornly high near or above $80/barrel it…
BEA: PCE March 2024
The BEA released the March 2024 PCE report today and it shows core inflation higher than last year. From the BEA: Personal income increased $122.0 billion (0.5 percent at a…
March 2024 – Social Security Enrollments
The social security office released the March 2024 snapshot and it’s a huge jump in enrollments. For March 2024, there were 148,000 new social security enrollees over the age of…
BLS: PPI March 2024
The BLS released the March PPI report and that too show inflation moving in the wrong direction. PRODUCER PRICE INDEXES - MARCH 2024The Producer Price Index for final demand rose…
BLS: CPI March 2024
The BLS released the CPI report for March and it shows inflation continues to run hot. From the BLS: CONSUMER PRICE INDEX - MARCH 2024The Consumer Price Index for All…