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Posts Tagged: “jobs report“
The Fed Claims to Be “Data-Driven,” but the Data Is Flawed
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 […]
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Jobs Stall: July Payroll Gain Just 73K
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 […]
Jobs: Seven Straight Months of Downward Revisions
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 […]
Jobs: QCEW Shows 2024 Job Reports were the Biggest Overstatement in 15 years
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.
Jobs: Household Survey and Downward Revisions Paint a Much Bleaker Employment Picture
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.
Jobs: Don’t be confused by the 2M jump in the Household Survey
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.
Jobs: Household Survey Finishes the Year 75% Below the Headline Report
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.
Jobs: Household Survey Shows Negative Job Gains YTD
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.
Peter Schiff: It’s Time for Downward Revisions
On Saturday, Peter took to his podcast to cover last week’s economic news and political events. In this episode, he discusses rumors of large downward revisions in jobs numbers, the issues with and irony of a state Bitcoin reserve, and the striking resemblance between the government’s spending situation and a Ponzi scheme.
Jobs: Headline Report is a Disaster, Household Survey is a Train Wreck
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.
Peter Schiff: BLS Report Not All It’s Cracked Up To Be
On Friday’s episode of the Peter Schiff Show, Peter tackles the Bureau of Labor Statistics’ most recent jobs report, which came out early Friday. The report, which purportedly supports the narrative of a strong economy, is not as positive as the media suggests. Peter takes most of this episode to explain why.