Economy

We got a huge pop in jobs in last month's employment report. And this was mainly responsible for the drop in the unemployment rate as over 400,000 temporary census jobs came online.  John Lounsbury figures that the individuals employed…

The Absolute Return Letter, June 2010 “You cannot turn a pig’s ear into a silk purse, and there is no point in pretending that an economy like that of Greece could somehow become a mini-Germany ”with appropriate resolve and discipline”.…

Everybody in the west knows the fabled effectiveness of weight-loss dietary programs designed around intense cardiovascular regimes which burn huge amounts of calories. The people who work hard, doing as much cardio as possible lose weight.…

In the next four months more than 500,000 job losses are baked in the cake. The reason? The temporary Census workers hired so far this year will be largely ending their assignments during the third quarter and will be looking for employment…

Lakshman Achuthan is a Managing Director at the Economic Cycle Research Institute. ECRI studies recessions and recoveries, forecasting economic and inflation cycle turns for all major market economies using a rigorous and objective…

By Richard Davis of Consumer Metrics Institute, Inc. Below is an addendum to the update sent out on Tuesday, addressing new data reflecting changes in consumer behavior concerning their debt: The Consumer Metrics Institute's Personal…

The US employment data was disappointing.  The key measure of private sector job creation was only 41k compared with expectations for 180k and a 3 month moving average of 155.6k.  The fact that the unemployment rate ticked down is…

By Comstock Partners In our comment of April 22nd we said that the impression that the economy was undergoing a normal economic recovery was highly misleading, and outlined a number of key economic series that supported our case that the…

We have seen a host of manufacturing sector data over the past few days. Most of it has been pretty good and the data demonstrate that the global recovery has continued. Nevertheless, reviewing the data from the US, Europe, China and…

Let me wade back in to the jobs data this week. First, this morning we saw that ADP reported non-farm private employment had increased a seasonally-adjusted 55,000 in May. This comes after the upwardly revised 65,000 increase in April and…