March 22, 2024 | Daily JAM, Long Term, Morning Briefing |
You know the saying, When all you have is a hammer, every problem looks like a nail? How about this data world version, When you don’t track the data, you can’t see the problem? I was drawn to paraphrase the classic hammer/nail adage by the release of the Federal Reserve’s most recent economic projections, the Dot Plot, on Wednesday, March 20 when I thought about the economic data the Fed didn’t include in its projections.
December 30, 2018 | Daily JAM |
... everything in the way of economic news to get crammed into Thursday and Friday after a quiet start to the week. On Thursday, investors and traders get news on initial claims for unemployment (How strong is the job market?), the purchasing managers index for the...
May 4, 2018 | Daily JAM, Morning Briefing |
There was good news in today’s jobs report for April since the economy added 164,000 jobs, up from a revised 135,000 jobs in March. So yay! The jobs market rebounded from March weakness. And there was bad news in the report since economists had been projecting that the economy would add 193,000 jobs.
March 7, 2018 | Daily JAM, Morning Briefing |
The Federal Reserve’s Beige Book economic report, based on anecdotal information collected by the 12 regional Federal Reserve banks, shows that a tight U.S. labor market is generating wage increases in most of the country and is leading to “moderate inflation.” Prices increased in all regions
July 7, 2017 | Daily JAM, Morning Briefing |
The U.S. economy added 222,000 jobs in June. That was a big increase from the 152,000 jobs added in May, which was itself an upward revision from the initially reported 138,000. (And remember how disappointing that was.) Economists surveyed by Briefing.com had expected the economy to add 173,000 jobs. The unemployment rate actually ticked higher in June to 4.4%
March 16, 2017 | Uncategorized |
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February 3, 2017 | Daily JAM, Morning Briefing |
Put the numbers all together and the economy is just booming along but there’s not the kind of wage inflation that would push the Fed to raise interest rates quickly. Welcome back Goldilocks, where the market is neither too cold nor too hot, but just right.
January 8, 2016 | Daily JAM, Morning Briefing, Short Term |
In December the U.S. economy added 290,000 jobs, well above the median estimate of 200,000 among economists surveyed by Bloomberg, but wage growth disappointed at 2.5% year over year
July 31, 2015 | Daily JAM, Morning Briefing |
The problem is that wages and salaries just aren’t going up fast enough to assure steady growth in the U.S. economy. The second quarter increase was just 0.2% from the first quarter. That’s the smallest increase since the Labor Department starting keeping records of this number back in 1982