Peter's Blog

The Bureau of Labor Statistics dropped a quiet bombshell on September 9, unveiling a preliminary benchmark revision that erased 911,000 jobs from March 2025 payroll tallies. The 0.6% markdown is roughly triple the average adjustment of the past decade and instantly casts doubt on months of breezy “resilient labor market” headlines. Almost the entire shortfall […]

On his latest podcast, Peter takes aim at a string of recent policy choices that are undermining the dollar, inflating asset bubbles, and exposing taxpayers to risk. He walks through the latest jobs data, the anomaly of easing into an inflationary cycle, the privatization of profits at the expense of public losses, and the constitutional […]

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.  Current Trends  The jobs report showed […]

Recent statistical revisions have reignited debates over the nature of the state’s economic statistics. No matter who’s in power and all intentional data manipulation withstanding, the simple fact is that these metrics contain pro-intervention assumptions and are by nature political. The following article was originally published by the Mises Institute. The opinions expressed do not […]

As another month of steady interest rates passes by, the Fed’s favorite claim– that the central bank is “data-dependent”– continues to be made. This claim, of course, is not true. The Fed’s actions are dictated by incentives and pressures that favor cheap credit, not objective data. The following article was originally published by the Mises […]

The summer labor market is losing momentum. The Bureau of Labor Statistics (BLS) said Friday that non-farm payrolls grew by only 73,000 in July, barely budging overall employment since April and capping two straight months of sharp downward revisions. The headline unemployment rate stayed at 4.2 percent—on paper a healthy figure—yet a closer look shows […]

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. Current Trends The jobs report showed […]

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.