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Fact of the Week

Some Hopeful Signs Behind the March Jobs Headline

By at 4 April, 2014, 11:03 am

FACT OF THE WEEK The headline to the March jobs story would seem to say, “More of the same.” That is, the establishment survey estimated an increase of 192,000 in payrolls. We should be adding at least 250,000 jobs a month – or more in a robust recovery. However, the household survey offers some hope. In […]

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FACT OF THE WEEK: Consumer Sentiment Sliding

By at 31 March, 2014, 1:07 pm

The Thomson Reuters University of Michigan Consumer Sentiment Index for March was released on March 28, and the index came in at 80.0. At 80.0, this consumer sentiment measure was not just down from February, but down from the recent high of 85.1 hit in July 2013. That July mark was the highest since July […]

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FACT OF THE WEEK: Are We on Fantasy Inflation Island?

By at 18 March, 2014, 12:23 pm

The U.S. Bureau of Labor Statistics released the CPI inflation data for February on March 18, and the headline pointed to inflation remaining quite tame. That does not mean that challenges and uncertainties do not exist. For February, CPI inflation registered a meager 0.1 percent, and for the past year, inflation registered only 1.1 percent. […]

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FACT OF THE WEEK: Views on Quality Job Prospects Still Hampered

By at 13 March, 2014, 3:14 pm

There’s no nice way to put it. The jobs story during this weak economic recovery has been just dismal. To sum up, the labor force participation rate and the employment-population ratio both continue to linger around three-to-three-and-a-half-decade lows, and after more than six years, we’re still down by some 1.3 million jobs compared to the […]

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FACT OF THE WEEK: Less Government Will Improve Job Growth

By at 7 March, 2014, 12:20 pm

It’s been a tough six-plus years for the U.S. economy. And as we look at the February jobs data released by the Bureau of Labor Statistics on March 7, I find myself asking, once again: When will we see robust, sustained job growth? The numbers for February rank as more of the under-performing, uneven nonsense […]

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FACT OF THE WEEK: GDP Revised Down, Sustainability Remains Big Question

By at 28 February, 2014, 11:35 am

The U.S. Bureau of Economic Analysis came out with its second estimate for GDP growth in the fourth quarter of 2013. What happened? Real GDP growth was revised down substantially – from 3.2 percent to 2.4 percent. So, as it turned out, the 4.1 percent growth rate in the third quarter was the lone quarter […]

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FACT OF THE WEEK: Consumers Want More Competition in Health Coverage

By at 20 February, 2014, 12:17 pm

To say the least, there’s a great deal of confusion swirling around health care and ObamaCare these days. But even though President Barack Obama has used the full and questionable powers of his office to put the best possible spin on – and make changes to – ObamaCare, he cannot change the economic realities of […]

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FACT OF THE WEEK: January Retail Sales

By at 14 February, 2014, 9:17 am

After the U.S. economy shifted out of recession and into recovery in mid-2009, each New Year has brought an assortment of declarations that “this year” will be the one in which the U.S. economy shifts onto a path of much stronger economic growth. The reality, of course, has been quite different. The U.S. has labored […]

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Fact of the Week: January 2014 Jobs Data

By at 7 February, 2014, 4:03 pm

Whatever story you want to tell on jobs in the past month, there seems to be a dataset for you. However, job creation in the U.S. remains weak based on the latest data from the Bureau of Labor Statistics (BLS). When the BLS offers a look at each month’s employment numbers, there are two sets […]

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FACT OF THE WEEK: Miserable 2013 GDP Growth and the Lost 13 Years

By at 30 January, 2014, 5:18 pm

The U.S. Bureau of Economic Analysis issued its estimated for GDP growth for 2013, including the first look at fourth quarter growth. The bottom line is that annual growth for 2013 was miserable, with things picking up in the second half. A key question: Is the recent step-up in growth during the second half of […]

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