Jobless claims: close but no cigar for the red flag
– by a New Deal Democrat Jobless Claims: A Close Call, But Red Flags Persist , Initial claims fell -9,000 to 228,000 last week, and the four-week average fell -9,250…
Housing report for June: a story in two diametrically opposed sectors
– by a New Deal Democrat June Housing Report: A Tale of Two Diametrically Opposed Sectors , Yesterday I wrote that housing starts, along with new vehicle sales, are two…
Industrial and manufacturing production continue to slow
– by a New Deal Democrat Slowing Industrial and Manufacturing Production: A Trend Analysis , I often call industrial production the King of Convergent Indicators because so often the turning…
June retail sales continued to slow, with the important exception of motor vehicles
– by a New Deal Democrat June Retail Sales: A Slowdown Persists, Except for Motor Vehicles , As usual, retail sales are one of my favorite indicators because they tell…
The American working class is doing better, thank you very much
– by a New Deal Democrat A Positive Outlook: The American Working Class Is Thriving , With the release of the Consumer Price Index report earlier this week, I can…
Initial claims are approaching a red flag recession warning
– by a New Deal Democrat Approaching a Red Flag: Initial Claims and the Recession Warning , Initial jobless claims fell -12,000 last week to 237,000. The four-week average fell…
There is almost no inflation in June, except for the fictitious shelter measures
– by a New Deal Democrat The message from this morning’s consumer inflation report was the same for almost everything except the dummy shelter-in-place measures: a sharp slowdown across the…
Scenes from the employment report: important leading and coinciding indicators of a recession
– by a New Deal Democrat Here’s another detailed look at some important data from last Friday’s employment report. In this post I will look at some leading and matching…
Scenes from the June employment report: consumption leads to employment, goods versus services edition
– by a New Deal Democrat No big new economic news today, so let’s take a deeper look at some of the information from Friday’s employment report. Today I will…