The Scoop on June Jobs Report

The Scoop on June Jobs Report

Employers added 222,000 jobs in June versus expectations for 174,000 – so that looks pretty good especially when we see that The average weekly hours worked for all private sector jobs was flat from April 2017 and up 0.3 percent from June 2016 – so no real change here. Mining and Lodging hours worked dropped from 45.1 in […]

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The Real Jobs Picture with Lenore Hawkins on Boom Bust

The Real Jobs Picture with Lenore Hawkins on Boom Bust

Earlier this week I spoke with Lindsay France on Boom Bust about the reality of the employment situation in the United States. We keep hearing talk out of DC about how this policy or that is going to ignite the economy, and while we would dearly love to see that happen, we rarely hear anything […]

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US Economy Still Wobbly

US Economy Still Wobbly

The US economy is still pretty weak, reminding me of how I feel towards the end of my weekly “long run,” with occasionally short bursts of energy that quickly peter out into awkward limping along – getting older is not for whiners. Housing  Earlier this month new single family home sales missed expectations, coming in […]

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Better Retail Data Doesn't Guarantee Fed Rate Hike

On May 13th I spoke with Neil Cavuto on the Fox Business Network about the impact of the recent retail sales report on a potential rate hike by the Federal Reserve.  My concern is that employment isn’t nearly as strong as the headlines would lead one to believe. FoxBusiness.com wrote an article about my discussion […]

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Great jobs number but…

Great jobs number but…

Friday we saw a great jobs number but… were the knock-it-out-of the ballpark numbers really indicative of a (finally) robust economy?  Hmmmm, methinks there is more to it all.  You’re shocked right? I spoke with Matt Ray yesterday on America’s Morning news about the jobs report and how I thought the data could be misleading. […]

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Where are the Jobs?

Where are the Jobs?

Friday the Dow Jones opened down, falling as much as 258 points, to only then completely reverse direction and ended the day up 200 points for a more than 450-point swing!  This was the biggest one-day percentage reversal in about four years. What drove the crazy move? This wild move was based on the very disappointing […]

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Neil Cavuto: Fed Policy is the Problem

Neil Cavuto: Fed Policy is the Problem

This morning I spoke with Neil Cavuto on Fox Business about the Fed’s decision to not raise rates earlier this week; my view, Fed policy is the problem! An economy grows when good ideas are able to get funding, find talented people to work on them and are able to operate in an environment that is […]

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Obama Claims Country Better Off Today?

Obama Claims Country Better Off Today?

Obama claims the country is better off?  Uh, what? Last week President Obama told a small group of wealthy donors that by almost every metric, the U.S. is significantly better off under his leadership than under Bush’s. Oh dear God this is just getting embarrassing! Can we please have a little reality check here?   The […]

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Unintended Consequence of Raising the Minimum Wage

Unintended Consequence of Raising the Minimum Wage

This morning I had the great pleasure of being on The Sam Sorbo radio show.  One of the things we discussed is the push to increase the minimum wage. A while back I first introduced the concept of BUC (see below) which is proven true again with the unintended consequences of raising the minimum wage. […]

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What the Fed Did Not Say

What the Fed Did Not Say

The annoying truth that very few economists want to admit is that the field is more art than science – much like investing. If investing were as easy as simply looking at the past and extrapolating it forward, you’d not need us. When it comes to economics, the best we can do is to develop […]

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