DATA FLASH: US SEPTEMBER PAYROLLS UP 661,000; UNEMPLOYMENT RATE 7.9%
–Leisure and Hospitality, Retail Sectors Lead Gain; Hourly Earnings +0.1% By Kevin Kastner WASHINGTON (MaceNews) – The September employment report Friday showed solid, but softer than expected payrolls improvement and a modest increase in hourly earnings. A sharp drop in local education payrolls was a key factor. At the same time, the unemployment rate fell […]
STATUS CHECK – AS PANDEMIC RELIEF TALKS GO ON, A DEEPENING CRISIS
–Presidential Aide Hope Hicks Tests Positive WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Amazon said Thursday 20,000 of its 1.4 million employees have tested positive for the coronavirus and on Wednesday alone, another 41,000 cases were diagnosed positive across […]
STATUS CHECK: GOODBYE RBG; NOW YEARS, MAYBE DECADES OF SOMETHING ELSE
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. It was 12:53 in the afternoon, eastern time, when the hearse carrying Ruth Bader Ginsburg began to leave the Capitol grounds, the casket having been precisely positioned inside by the stiff military honor […]
STATUS CHECK: SOLEMNITY AND THE USUAL DISCORDANT NOTES
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The quiet day-long procession of Americans paying respect to Ruth Bader Ginsburg was the day’s solemn background music, an impressive tribute to a remarkable woman. And then President Trump came by, wearing a […]
DATA FLASH: AUGUST HOUSING STARTS SLOW DUE TO DROP IN MULTIFAMILY
–Housing Starts Fall By 5.1% to 1.416 Mln SAAR, But Single-Family Up 4.1%–Initial Jobless Claims Fall 33,000 to 860,000 in September 12 Week–Philadelphia Fed Index Slips to 15.0 in September Vs 17.2 August By Kevin Kastner WASHINGTON (MaceNews) – The U.S. August home building data, released Thursday, were weaker than expected. However, the data represent […]
FOMC DOUBLES DOWN ON INFLATION OVERSHOOTING
–To Aim ‘Moderately above 2% For Some Time’ –Will Have a Big Area of the Economy ‘That Struggles’ By Denny Gulino WASHINGTON (MaceNews) – The new era of Federal Reserve policy allowing an overshoot of its 2% inflation target for an extended time launched Wednesday with two Federal Open Market Committee dissents after a “robust […]
DATA FLASH: US INDUSTRIAL PRODUCTION SUGGEST RECOVERY SLOWING
–Industrial Production Up Only 0.4%, Motor Vehicle Production Falls 3.7%–Manufacturing Production Up 1.0%, Rises 1.4% Excluding Motor Vehicles–Utilities Production Fall By 0.4%, Mining Drops 2.5% After Two Gains–Empire State Index Rises to 17.0 in September from 3.7 in August By Kevin Kastner WASHINGTON (MaceNews) – Industrial production posted another gain in August, continuing the string […]
STATUS CHECK: ALL THE NEWS THAT FITS, REGARDLESS
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes The beginning of the week and instead of a nice orderly prioritization of the day’s key events, a mélange of the sometimes sober, sometimes hard to believe, sometimes truly absurd happenings that were […]
DATA FLASH: US AUGUST PAYROLLS UP 1.371 MLN; UNEMP RATE 8.4%
-Retail, Government Sectors Lead Gain; Hourly Earnings Up 0.4% By Kevin Kastner WASHINGTON (MaceNews) – The August employment report showed continued payrolls improvement, though the size of those gains continues to slow and likely reflects the return of laid-off workers rather than new job creation. Likewise, the unemployment rate fell sharply in the month to […]
STATUS CHECK: A MARKETS PULLBACK AND A PRESIDENTIAL PUSHBACK
WASHINGTON (MaceNews) –-The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: So severe was the day’s stocks pullback that the Nasdaq – pulled down 4.96% – was the lowest it’s been since … Tuesday a week ago. After so many record highs, how serious was […]